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Paras Defence Shares Gets Nirmal Bang's 'Buy' Upgrade, Hikes Target Price — Here's Why
Nirmal Bang upgrades Paras Defence to "Buy" and value it at 62x FY27E EPS, resulting in a target price of Rs 1,877, representing a 15.5% upside.
17 Jun 2025, 01:18 PM IST 
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Current order book of Paras Defence stands at Rs 9.3 billion which is expected to be executed in the next 18-24 months.
(Photo Source: Company official website)
Paras Defence's revenue mix has evolved from 90:10 (Component: System) to 60:40, with a long-term objective of 40:60. The company expects the orderbook to reach Rs 10 billion in FY26 and then Rs 15 billion in the near future.
