Paras Defence and Space Technologies vs Azad Engineering vs Unimech Aerospace: Which Stock Should You Track
- September 24, 2026
- Posted by: Lakshit Sharma
- Category: Market
Paras Defence and Space Technologies PE 116.03, mkt cap Rs 11,128 crore. Azad Engineering PE 125.70, mkt cap Rs 17,510 crore. Unimech Aerospace and Manufacturing PE 121.23, mkt cap Rs 8,732 crore.
Quick Answer
Paras Defence and Space Technologies vs Azad Engineering vs Unimech Aerospace and Manufacturing is a side-by-side comparison of three companies from the Defence and Aerospace Ancillary (Second Fresh Set) space. On this comparison, Paras Defence and Space Technologies carries a market capitalisation of about Rs 11,128 crore against Rs 17,510 crore for Azad Engineering and Rs 8,732 crore for Unimech Aerospace and Manufacturing, with return on equity of 12.14%, 8.69% and 8.58% respectively. Each company’s numbers are presented here without a declared better pick, since the right stock depends on an investor’s own criteria.
Paras Defence and Space Technologies vs Azad Engineering vs Unimech Aerospace and Manufacturing starts with the core numbers most investors compare within the Defence and Aerospace Ancillary (Second Fresh Set) segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.
All three names sit in the Defence and Aerospace Ancillary (Second Fresh Set) bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.
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Paras Defence and Space Technologies, Azad Engineering and Unimech Aerospace and Manufacturing: Company Overview
Paras Defence and Space Technologies is a listed Indian company in the Defence and Aerospace Ancillary (Second Fresh Set) space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Azad Engineering is a listed Indian company in the Defence and Aerospace Ancillary (Second Fresh Set) space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Unimech Aerospace and Manufacturing is a listed Indian company in the Defence and Aerospace Ancillary (Second Fresh Set) space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Paras Defence and Space Technologies vs Azad Engineering vs Unimech Aerospace and Manufacturing: Valuation and Profitability Snapshot
| Metric | Paras Defence and Space Technologies | Azad Engineering | Unimech Aerospace and Manufacturing |
|---|---|---|---|
| Market Cap (approx.) | Rs 11,128 crore | Rs 17,510 crore | Rs 8,732 crore |
| PE Ratio (TTM) | 116.03 | 125.70 | 121.23 |
| PB Ratio | 16.28 | 11.45 | 11.84 |
| Return on Equity (ROE) | 12.14% | 8.69% | 8.58% |
| EPS (TTM, Rs) | 11.90 | 21.57 | 14.15 |
| Dividend Yield | 0.04% | 0.00% | 0.00% |
| Debt to Equity | 0.04 | 0.31 | 0.17 |
| Book Value per Share (Rs) | 84.83 | 236.74 | 144.87 |
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On valuation, Paras Defence and Space Technologies trades at a PE of 116.03 and a PB of 16.28, Azad Engineering at a PE of 125.70 and a PB of 11.45, while Unimech Aerospace and Manufacturing trades at a PE of 121.23 and a PB of 11.84. On return on equity, the three post 12.14%, 8.69% and 8.58% respectively, and on dividend yield they stand at 0.04%, 0.00% and 0.00%.
Paras Defence and Space Technologies vs Azad Engineering vs Unimech Aerospace and Manufacturing: Latest Quarterly Results
| Company | Latest Quarter Revenue | Latest Quarter Net Profit | YoY Change (Revenue) | QoQ Change (Revenue) |
|---|---|---|---|---|
| Paras Defence and Space Technologies | Rs 129.85 crore | Rs 20.74 crore | +35.9% | -28.0% |
| Azad Engineering | Rs 176.15 crore | Rs 35.16 crore | +20.8% | -1.1% |
| Unimech Aerospace and Manufacturing | Rs 114.95 crore | Rs 28.00 crore | +54.4% | +19.0% |
Quarterly figures above are the most recent reported quarter for each company (Q1 FY28, quarter ended June 2026), compared with the year-ago and preceding quarter.
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What Should Investors Look at Beyond These Numbers?
Beyond the metrics above, investors comparing these three defence and aerospace ancillary (second fresh set) names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.
Conclusion
Paras Defence and Space Technologies vs Azad Engineering vs Unimech Aerospace and Manufacturing highlights how differently three companies in the same defence and aerospace ancillary (second fresh set) segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information as of September 2026 and may not reflect real-time prices. Please verify all data independently before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Paras Defence and Space Technologies vs Azad Engineering vs Unimech Aerospace and Manufacturing
What is the market cap difference between Paras Defence and Space Technologies, Azad Engineering and Unimech Aerospace and Manufacturing?
Ans. As of September 2026, Paras Defence and Space Technologies has a market cap of approximately Rs 11,128 crore, Azad Engineering is at approximately Rs 17,510 crore, and Unimech Aerospace and Manufacturing is at approximately Rs 8,732 crore.
Which of the three has the highest PE ratio?
Ans. Among Paras Defence and Space Technologies, Azad Engineering and Unimech Aerospace and Manufacturing, the PE ratios stand at 116.03, 125.70 and 121.23 respectively as of September 2026.
Which of the three has the highest ROE?
Ans. Paras Defence and Space Technologies, Azad Engineering and Unimech Aerospace and Manufacturing post ROE of 12.14%, 8.69% and 8.58% respectively as of September 2026.
Which of these three stocks pays the highest dividend yield?
Ans. Paras Defence and Space Technologies, Azad Engineering and Unimech Aerospace and Manufacturing carry dividend yields of 0.04%, 0.00% and 0.00% respectively.
What is the debt to equity ratio for Paras Defence and Space Technologies, Azad Engineering and Unimech Aerospace and Manufacturing?
Ans. Paras Defence and Space Technologies carries a debt to equity of 0.04, Azad Engineering of 0.31, and Unimech Aerospace and Manufacturing of 0.17.
Which of the three trades at the highest price to book value?
Ans. Paras Defence and Space Technologies, Azad Engineering and Unimech Aerospace and Manufacturing trade at price to book ratios of 16.28, 11.45 and 11.84 respectively.
Is one of Paras Defence and Space Technologies, Azad Engineering or Unimech Aerospace and Manufacturing better than the others?
Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor’s own criteria and research.