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Sapphire Foods India Ltd, CreditAccess Grameen Ltd, JK Paper Ltd and Chennai Petroleum Corporation Ltd are among the other gainers in the BSE's 'A' group today, 04 July 2025.
Paras Defence and Space Technologies Ltd soared 10.00% to Rs 933.5 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 5.7 lakh shares were traded on the counter so far as against the average daily volumes of 1.09 lakh shares in the past one month.
Sapphire Foods India Ltd spiked 9.97% to Rs 352.3. The stock was the second biggest gainer in 'A' group. On the BSE, 6.77 lakh shares were traded on the counter so far as against the average daily volumes of 11257 shares in the past one month.
CreditAccess Grameen Ltd surged 6.83% to Rs 1326.2. The stock was the third biggest gainer in 'A' group. On the BSE, 4.1 lakh shares were traded on the counter so far as against the average daily volumes of 19871 shares in the past one month.
JK Paper Ltd gained 6.51% to Rs 392. The stock was the fourth biggest gainer in 'A' group. On the BSE, 1.64 lakh shares were traded on the counter so far as against the average daily volumes of 21051 shares in the past one month.
Chennai Petroleum Corporation Ltd exploded 6.14% to Rs 756.05. The stock was the fifth biggest gainer in 'A' group. On the BSE, 1.52 lakh shares were traded on the counter so far as against the average daily volumes of 1.44 lakh shares in the past one month.
The said deal marks a major export breakthrough for India's defence tech sector.
The CHIMERA 200 is a world-class counter-UAS system with exclusive wideband detection and neutralization capabilities, supporting both omnidirectional and directional operations. Its adaptive, upgradeable configuration enables precise threat detection—including drones, remote controls, and their take-off and control locations—across 400 MHz to 6 GHz frequencies with up to five simultaneous bands.
Its evolutionary RF architecture, secure API for C2 and weapons integration, low false alarm rate, and scalable design ensure it can counter drone threats today while evolving to address IEDs, signal spoofing, and broader electronic warfare needs.
Ashutosh Baheti, chief executive officer (CFO), Paras Anti Drone Technologies, said: “Our collaboration with CERBAIR is proof of India’s growing stature as trusted source of advanced anti-drone technologies. We’re committed to delivering field-tested solutions that meet the world’s highest standards and strengthen India’s position as a global defence manufacturing hub.”
Lucas Le BELL, President, CERBAIR in a letter of intent sent to Paras Anti Drone Technologies, said: “With shifts in global geopolitics and the conflict in Ukraine, the need for this solution has surged. Our customers are seeking demonstrations and deliveries, signalling a strong market fit. By boosting the neutralization power output with agile modulations to address the newest drone antineutralization innovations, we can ensure this solution rapidly becomes a major success.”
Amit Mahajan, Director, Paras Defence and Space Technologies, said, “India has moved beyond licensed manufacturing to become a global hub for the development and export of world-class technologies. By delivering field-proven, customizable solutions like the CHIMERA 200 to demanding international markets, we’re demonstrating not just our technological strength but our commitment to supporting India’s vision of self-reliance and leadership in defence exports.”
Paras Defence and Space Technologies (PDST) is a Private sector company primarily engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions. The company caters to four major segments - Defence & Space Optics, Defence Electronics, Heavy Engineering and Electromagnetic Pulse Protection Solutions.
The company’s consolidated net profit zoomed 97.79% to Rs 19.72 crore on 35.81% rise in revenue from operations to Rs 108.23 crore in Q4 FY25 over Q4 FY24.
The agency has reaffirmed the company’s long-term and short-term rating at '[ICRA] A-’ and '[ICRA] A2+’, respectively.
ICRA stated that the revision in outlook to 'positive’ on the long-term rating of Paras Defence & Space Technologies (PDSTL) takes into account the expectation that the company will be able to sustain the increase in its operating margins to 26.7% in FY2025 from 21.2% in FY2024, driven by the rising share of the margin-accretive 'optics and optronics’ segment, and an improvement in working capital intensity on the back of reduction in inventory days due to quicker delivery of periscopes and faster realisation of payments.
This, coupled with the robust topline growth of 44% to Rs. 364.7 crore and a healthy order book position of Rs 928 crore as on 31 March 2025 (translating to a book-bill ratio of 2.5 times of FY2025 OI) resulted in a substantial improvement in its financial profile.
The ratings continue to favourably factor in the extensive experience of the management team with more than three decades of experience in designing, developing and manufacturing a wide range of engineering products and solutions for the defence and space sector in optics, heavy engineering and electronics.
PDSTL’s long presence in the sector has allowed it to establish strong relationships with its customers.
The ratings, however, are constrained by the working capital-intensive nature of operations, which despite posting an improvement in FY2025, continues to remain high on an absolute basis on account of long receivables cycle and high inventory holding period.
This is attributable to the need to maintain adequate stocking of raw materials to ensure uninterrupted production and avoid any disruptions in delivery schedules.
The ratings are also constrained by the moderate scale of operations, coupled with client concentration risk with the top 5 clients accounting for nearly 76% of the pending order book as on 31 March 2025 and approximately 69% of revenues in FY2025.
Going forward, PDSTL’s ability to prudently manage its working capital intensity, while scaling up its revenues, with sustenance of its healthy operating margins and liquidity, will be a key rating monitorable.
Paras Defence & Space Technologies designs, develops and manufactures a wide range of engineering products and solutions for the defence and space sector in the domain of optics, heavy engineering and electronics.
The scrip shed 0.23% to currently trade at Rs 1629 on the BSE.