India’s Aerospace & Defense sector is undergoing rapid expansion, with the market valued at USD 28.68 billion in 2024 and projected to grow at a CAGR of 7.1% through 2034. In 2025, the sector saw investments of ₹2,915 crore across 48 deals, outpacing other defense sub-sectors. Government initiatives like ‘Make in India’ and increased defense budgets are fueling this transformation, positioning India as a global industry leader.
With a market capitalisation of Rs 7,419.27 crore, the shares of were trading at Rs 904.25 per share, increasing around 6.55 percent as compared to the previous closing price of Rs 848.65 apiece.
The shares of Paras Defence and Space Technologies Ltd have plummeted 46.26 percent in a day, coinciding with its 1:2 stock split record date on July 4. The company had earlier announced the split on April 30, marking its first-ever stock split. Investors holding shares as of Thursday’s close will be eligible. The steep fall reflects market volatility post-corporate action.
Recently, the company announced a strategic joint venture with HevenDrones Israel to establish a new entity in India to design, manufacture, and supply next-generation drone systems tailored for India’s defence and homeland security landscape, with long-term plans to address global markets.
Furthermore, the Paras Defence–HevenDrones JV brings hydrogen-powered drone technology to India, combining Paras’s manufacturing strength with HevenDrones’ platforms. As a pioneer in this space, the JV will offer ready-to-fly drones with long endurance and modular payloads, targeting logistics, surveillance, defence supply chains, and high-altitude operations from Indian soil.
“India is a priority market for drone deployment at scale, and HevenDrones’ combat-tested portfolio provides a strategic edge,” said Munjal Sharad Shah, Managing Director, Paras Defence and Space Technologies Ltd. “This JV enables us to deliver world-class Made in India drone systems for local and global markets.”
Paras Defence and Space Technologies Limited is engaged in designing, developing, manufacturing, testing, and commissioning of products, systems, and solutions for defence and space applications. The Company operates through two segments: Optics and Optronic Systems, and Defence Engineering.
Paras Defence serves a wide range of prestigious Indian government clients, including DRDO, ISRO, HAL, Bharat Electronics, BrahMos, and the Department of Atomic Energy. Its customer base spans key sectors like defence, space, shipbuilding, electronics, and research, reflecting strong credibility and strategic integration with India’s critical technology and defence ecosystem.
Looking forward to the company’s financial performance, revenue magnified by 35 percent from Rs 80 crore in Q4FY24 to Rs 108 crore in Q4FY25, Further, during the same time frame, net profit jumped by 110 percent from Rs 10 crore to Rs 21 crore.
Written by Abhishek Singh
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