ICRA upgrades Paras Defence and Space Technologies to A2, outlook Stable
Paras Defence and Space Technologies (PARAS) said ICRA has upgraded its credit rating to A2 with a stable outlook. The company is valued at about ₹10,597 crore.
What happened
In a filing with the NSE on 30 September 2026 at 06:05 PM, Paras Defence and Space Technologies (PARAS) said that ICRA has upgraded its credit rating to A2 with a stable outlook.
Company snapshot
Paras Defence and Space Technologies is a small-cap company in the Capital Goods sector, with a market value of about ₹10,597 crore.
The stock last traded at ₹1,315, against a 52-week range of ₹580.5–₹1,585 (17.0% below the high).
Before this filing the shares had moved −8.7% over the month and +2.9% over three months. Average daily turnover over the last 20 sessions was about ₹130 crore.
Promoters held 53.20% at the end of Q1 FY27. Foreign institutions owned 8.29% and domestic institutions 3.05%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 93 | 14.9 | 3.69 |
| Q2 FY26 | 106 | 20.6 | 2.56 |
| Q3 FY26 | 106 | 18.2 | 2.26 |
| Q4 FY26 | 171 | 34.4 | 4.27 |
| Q1 FY27 | 128 | 21.2 | 2.63 |
What history shows
BCEIE's records show 1 previous credit rating filing from the company since May 2026.
Across 70 similar disclosures by other Capital Goods companies, shares moved +0.2% on average the next day and −0.5% over five days; 49% of them rose the next day.
Market-wide, 1,184 credit rating filings with an impact score of 50 or more saw an average next-day move of +0.2%, with 48% rising.
Past reactions describe what happened before; they are not a forecast.
What to watch
- Whether other agencies take a similar view on the company's credit.
In the news
Recent coverage elsewhere (links open the original publisher):
- Paras Defence and Space Technologies vs Azad Engineering vs Unime
- Jyoti Global Plast Secures 50.1 Million Rupees Order From Paras Defence And Space Technologies
- Paras Defence unit signs MoU for ₹6,200 Cr semiconductor facility
- Paras Defence Gets ₹26.59 Crore DRDO Order; Shares Fall 1.02%
- Paras Defence, Data Patterns, BEL, HAL and more: Why are defence stocks on fire today? Check sector outlook
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.