Paras Defence and Space Technologies LtdNSE PARAS Stock Report

Paras Defence & Space Technologies Ltd. engages in the designing, developing, manufacturing, and testing of a wide range of defence and space engineering products and solutions. The company is headquartered in Navi Mumbai, Maharashtra and currently employs 404 full-time employees. The company went IPO on 2021-10-01. The firm operates through two segments: Optics and Optronic Systems, and Defence Engineering. The Optics and Optronic Systems segment includes optical components and sub-systems like space optics/gratings/mirrors, infra-red lenses for night vision devices, optomechanical assemblies and precision diamond turned components, opto-electronic systems comprising submarine periscope, hyperspectral cameras. Defence Electronics comprises defense automation and control systems, rugged command and control consoles, and an avionic suite. The company also includes heavy engineering, which comprises flow-formed rockets/ missile motor tubes, electromechanical assemblies, remote controlled border defense system and turnkey projects.