Subscribe to Paras Defence and Space Technologies: KR Choksey
KR Choksey has come out with its report on Paras Defence and Space Technologies. The research firm has recommended to ''Subscribe'' the ipo in its research report as on September 20, 2021.
September 21, 2021 / 08:11 AM IST
KR Choksey IPO report on Paras Defence and Space Technologies
Paras Defence and Space Technologies Limited (Paras Defence) was incorporated in 2009. It is one of India's leading private sector companies in the "Indigenously Designed, Developed, and Manufactured" ("IDDM") category, catering to four major segments of the Indian defence sector, namely defence and space optics, defence electronics, electro-magnetic pulse ("EMP") protection solutions, and heavy engineering. The company is also the sole Indian supplier of critical imaging components such as large size optics and diffractive gratings for space applications in India. Additionally, the company derives most of its revenues from the Government arms and associated entities.
Valuation and Outlook
Additionally, increased customer demand for the company's space optics products would boost revenue and profitability going forward. As a result, we recommend a 'SUBSCRIBE' rating for the Paras Defence IPO.
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