Mumbai, April 29, 2025 — Paras Defence and Space Technologies Ltd. has investors buzzing, its shares spiking 16% over two days like a rocket clearing the launchpad. The smallcap defence player, a darling of the BSE Smallcap index, is gearing up for a board meeting tomorrow, April 30, where it’s set to unveil a stock split, a potential dividend, and its Q4 financials. The market’s already placing bets, and the stock’s got the kind of momentum that makes traders lean closer to their screens.
The company, which crafts high-precision gear for India’s defence and space sectors, saw its shares climb to Rs 1,247.35 apiece today, a 9% jump from yesterday’s close of Rs 1,143.75. Monday wasn’t exactly quiet either, with a 10% surge. That’s the kind of two-day tear that gets people talking in the cramped, coffee-stained corners of Dalal Street. Paras, with a market cap of Rs 5,004 crore, isn’t a household name, but it’s carving out a niche supplying optics, electronics, and heavy engineering solutions to the likes of DRDO and ISRO.
Tomorrow’s board meeting is the main event. The company announced last week it’ll tackle the audited financial results for the quarter and year ending March 31, 2025. But the real kicker? The agenda includes a possible stock split—slicing up existing equity shares to make them cheaper for retail investors—and a dividend recommendation for the fiscal year. No details yet on the split ratio or dividend amount, but the mere hint of these moves has sent the stock into overdrive.
Paras isn’t new to the spotlight. Last year, its shares delivered a jaw-dropping 133% return in just two months, soaring from Rs 681.95 on May 10, 2024, to a peak of Rs 1,592.75 by July 5. Even now, it’s trading 16% below that high, which suggests room to run—or at least that’s what the bulls are hoping. The company’s recent wins, like securing a manufacturing license for MK-46 and MK-48 light machine guns on April 25, have only fueled the fire. That deal’s expected to beef up its production muscle and pad its order book for 2026.
Financially, Paras has been a mixed bag. Its Q3 results for October-December 2024 showed revenue dipping slightly to Rs 81.98 crore from Rs 84.11 crore, but net profit climbed to Rs 16.57 crore from Rs 15.60 crore. For the full 2024 fiscal year, it posted Rs 232.43 crore in revenue and Rs 34.22 crore in profit. Not earth-shattering, but steady enough to keep investors intrigued, especially with India’s defence budget swelling to Rs 6.22 lakh crore for 2025.
The stock’s surge reflects a broader hunger for defence plays. With border tensions simmering and big-ticket deals like the Rs 63,000-crore Rafale-M contract floating around, smallcaps like Paras are riding the wave. Tomorrow’s announcements could either cement its hot streak or cool the frenzy. Either way, the market’s watching, and Paras is center stage.
The board meeting is scheduled for April 30, 2025. Paras Defence and Space Technologies Ltd. is listed on the BSE and NSE. Its shares closed at Rs 1,247.35 on April 29, 2025. The company’s market cap stands at Rs 5,004 crore.