Paras Defence and Space Technologies Ltd (Paras Defence) is a leading Indian aerospace and defence company. It is a part of the Paras Group and was founded in 2010. Paras Defence manufactures a wide range of aerospace and defence products, including aircraft components, drone systems, and electronic warfare systems.
Paras Defence has been a consistent performer over the years and has delivered strong financial results. In the financial year 2022-23, the company reported a revenue of INR 1,046 crore, up 16.2% from the previous year. The operating profit increased by 18.7% to INR 233 crore, and the net profit was INR 173 crore.
The company’s share price has also performed well in recent years. On August 4, 2023, the share price of Paras Defence closed at INR 523.65 on the National Stock Exchange of India.
Paras Defence Share Price Target 2023
Analysts are bullish on Paras Defence and have a positive outlook for the company’s share price in 2023. The consensus estimate for the share price target of Paras Defence in 2023 is INR 669.11, which represents an upside of 27.9% from the current price.
The bullish outlook on Paras Defence is based on a number of factors, including the following:
- The global aerospace and defence industry is expected to grow at a healthy pace in the coming years, driven by factors such as the increasing geopolitical tensions and the growing demand for military modernization.
- Paras Defence is a leading Indian aerospace and defence company with a strong track record.
- The company has a wide range of aerospace and defence products and a strong customer base.
- Paras Defence has a strong financial position and is well-positioned to benefit from the growth in the global aerospace and defence industry.
Paras Defence Share Price Target 2024-2030
Analysts also have a positive outlook for Paras Defence’s share price in the medium to long term. The consensus estimates for the share price target of Paras Defence in 2024, 2025, 2026, 2027, 2028, 2029, and 2030 are as follows:
| Year | Maximum Price | Minimum Price |
|---|---|---|
| 2024 | INR 883.24 | INR 553.15 |
| 2025 | INR 1,228.66 | INR 758.83 |
| 2026 | INR 1,604.76 | INR 994.11 |
| 2027 | INR 2,160.13 | INR 1,228.66 |
| 2028 | INR 2,778.66 | INR 1,604.76 |
| 2029 | INR 3,568.66 | INR 2,017.11 |
| 2030 | INR 4,359.76 | INR 2,467.11 |
It is important to note that these are just estimates and the actual share price of Paras Defence may vary depending on a number of factors, including the overall market conditions, the performance of the global aerospace and defence industry, and the company’s own performance.
Risks to Consider
There are a few risks that investors should consider before investing in Paras Defence. These risks include:
- The slowdown in the global economy could impact the demand for aerospace and defence products.
- Rising competition from other aerospace and defence companies could intensify.
- The company’s performance could be affected by adverse market conditions.
Conclusion
Paras Defence is a well-established and financially sound company with a strong track record. The company is well-positioned to benefit from the growth in the global aerospace and defence industry. However, investors should be aware of the risks involved before investing in the company.
