Paras Defence Share Price Jumps 3.6% on Fresh ₹26.6 Crore Defence Order | Stock Market Today

Market Performance

The Indian stock market witnessed strong interest in Paras Defence and Space Technologies Limited (Paras Defence share price) on Friday, September 12. The stock surged 3.6%, touching an intraday high of ₹678, after the company announced receipt of a fresh order from the Ministry of Defence’s Opto Electronics Factory (OLF).

For investors tracking stock market today, this movement highlights how defence-related news flows often trigger sharp price reactions.

Main News – ₹26.6 Crore Order Boost

Paras Defence confirmed in its exchange filing that it secured incremental orders worth ₹26.6 crore (including taxes) from Opto Electronics Factory, a unit of India Optel Ltd., Government of India Enterprise, Ministry of Defence, Dehradun.

The order is for the supply of Electronic Control Systems used in Thermal Imaging Fire Control Systems (TIFCS) for battle-tank applications delivered by OLF to the Indian Armed Forces.

Key details from the announcement:

• Order Value: ₹26.6 crore (incl. taxes)
• Customer: Opto Electronics Factory (OLF), Ministry of Defence
• Products Supplied: Electronic Control Systems for TIFCS (Battle Tanks)
• Execution Timeline: December 2025 to September 2026

This new contract strengthens Paras Defence’s defence electronics portfolio and ensures steady order visibility over the next year.

Company Details – Cumulative Order Book Strengthens

With this order, the total value of ongoing TIFCS supply contracts has risen to ₹141.63 crore, compared to the earlier ₹115.03 crore.

Importantly, the company clarified:

• The order has been placed by a domestic defence entity.
• It does not fall under related party transactions.

Paras Defence continues to hold a niche position in the Indian defence manufacturing ecosystem, known for its capabilities in:

• High-precision optics
• Defence electronics
• Turnkey solutions for the Indian Armed Forces

Financial Performance Snapshot – Q1 FY26

For the quarter ended June 2025 (Q1 FY26), Paras Defence reported a steady set of earnings, though margins came under pressure.

Financial Highlights:

• Revenue: ₹93.2 crore, up 11.5% YoY
• EBITDA: ₹22 crore, down 8.7% YoY
• EBITDA Margin: 23.6% vs 28.8% (contracted over 500 bps)
• Net Profit: ₹15 crore, nearly flat YoY

While top-line growth remained healthy, margin pressures reflected higher input costs and project expenses.

Paras Defence Share Price – 1-Year Performance

The Paras Defence share price has seen notable volatility over the past year:

• 1-Year Gain: +15%
• 6-Month Gain: +48%
• 3-Month Decline: -16%
• 52-Week High: ₹971.8 (May 2025)
• 52-Week Low: ₹401 (April 2025)

The stock’s journey highlights the sharp cycles in defence counters, often influenced by order inflows, quarterly earnings, and market-wide sentiment.

Summary

• Paras Defence share price jumped 3.6% to ₹678 after securing a fresh ₹26.6 crore order from the Ministry of Defence’s Opto Electronics Factory.
• This pushes the company’s ongoing TIFCS contracts to ₹141.63 crore.
• Q1 FY26 earnings showed 11.5% revenue growth, but margins fell due to rising costs.
• Paras Defence shares remain volatile, with a strong rally in the last 6 months but profit-taking in the recent quarter.

As India’s defence spending remains a key market driver, stocks like Paras Defence often attract strong trading interest whenever order announcements hit the exchange.