Paras Defence and Space Technologies Limited on May 13, 2026, announced a final dividend of ₹1 per equity share for the financial year ended March 31, 2026, exactly doubling the ₹0.50 per share paid for FY2025. The announcement came alongside the company's audited standalone and consolidated financial results for Q4 and the full year FY2026, filed with the National Stock Exchange.

Dividend Details and Yield

The board of directors, at its meeting held on May 13, 2026, recommended the ₹1 per equity share final dividend, subject to shareholder approval. At the current market price of ₹809.45, this translates to a dividend yield of approximately 0.12%, which remains modest relative to broader market income benchmarks. The dividend is declared on equity shares with a face value of ₹5 each, as applicable post the share split completed ahead of the FY2025 payout.

Dividend History and Trend

The dividend history on NSE filings reveals a clear upward trajectory for Paras Defence:

The 100% year-on-year increase in the per-share dividend signals growing confidence from management in the company's cash generation capacity. While the absolute payout remains small relative to the stock price, the doubling of the dividend in a single year is a notable directional shift for a capital-intensive defence and space technology company.

Market Context and Valuation

Paras Defence shares closed at ₹809.45 on May 13, 2026, up ₹8.85 or 1.11% on the day. The stock's 52-week range spans ₹580.50 (low on March 23, 2026) to ₹972.50 (high on May 19, 2025), placing the current price at roughly 59% above its 52-week low and about 17% below its 52-week peak. The stock is a constituent of key indices including NIFTY INDIA DEFENCE, NIFTY TOTAL MARKET, NIFTY SMALLCAP 500, and NIFTY MICROCAP 250.

The company's trailing price-to-earnings ratio stands at 90.35x, identical to the sector PE of 90.35x, suggesting the stock is currently valued in line with its defence sector peers rather than commanding a premium or trading at a discount relative to the industry average.

Trading Activity and Delivery Data

On the day of the announcement, Paras Defence recorded a trading volume of 19,14,884 shares, with a delivery percentage of 33.18%. A delivery ratio below 35% indicates a relatively higher proportion of intraday activity compared to positional buying, suggesting that the day's price movement was partly speculative in nature rather than purely driven by long-term accumulation. Daily volatility is recorded at 3.08%, reflecting moderate price swings typical of small-cap defence counters. The company's total market capitalisation stands at ₹6,523.14 Cr.

Company Background

Paras Defence and Space Technologies is a specialised manufacturer of defence and space optics, defence electronics, and electromagnetic pulse protection solutions. The company serves clients including defence public sector undertakings and research organisations, positioning it as a niche player in India's growing domestic defence production ecosystem.

Investors tracking the dividend record date and ex-dividend date, which are yet to be announced, should monitor subsequent NSE filings for shareholder meeting details and record date confirmation related to the FY2026 final dividend.