{"id":338032,"date":"2026-11-04T10:24:08","date_gmt":"2026-11-04T04:54:08","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=338032"},"modified":"2026-11-04T10:24:08","modified_gmt":"2026-11-04T04:54:08","slug":"paras-defence-share-price-3-year-cagr-newcomer-vs-defence-giants","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/paras-defence-share-price-3-year-cagr-newcomer-vs-defence-giants\/","title":{"rendered":"Paras Defence Share Price: 52.1% CAGR in 3 Years as This Relatively New Defence Stock Takes On HAL, BEL and BDL"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/paras-defence-share-price-3-year-cagr-newcomer-vs-defence-giants\/#Paras_Defence_Share_Price_521_CAGR_in_3_Years_as_This_Relatively_New_Defence_Stock_Takes_On_HAL_BEL_and_BDL\" title=\"Paras Defence Share Price: 52.1% CAGR in 3 Years as This Relatively New Defence Stock Takes On HAL, BEL and BDL\">Paras Defence Share Price: 52.1% CAGR in 3 Years as This Relatively New Defence Stock Takes On HAL, BEL and BDL<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/paras-defence-share-price-3-year-cagr-newcomer-vs-defence-giants\/#How_Much_Has_the_Paras_Defence_Share_Price_Returned_in_3_Years\" title=\"How Much Has the Paras Defence Share Price Returned in 3 Years?\">How Much Has the Paras Defence Share Price Returned in 3 Years?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/paras-defence-share-price-3-year-cagr-newcomer-vs-defence-giants\/#Paras_Defence_vs_HAL_BEL_BDL_and_Mazagon_Dock_3-Year_CAGR\" title=\"Paras Defence vs HAL, BEL, BDL and Mazagon Dock: 3-Year CAGR\">Paras Defence vs HAL, BEL, BDL and Mazagon Dock: 3-Year CAGR<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/paras-defence-share-price-3-year-cagr-newcomer-vs-defence-giants\/#Valuation_and_Quality_How_the_Five_Defence_Companies_Compare\" title=\"Valuation and Quality: How the Five Defence Companies Compare\">Valuation and Quality: How the Five Defence Companies Compare<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/paras-defence-share-price-3-year-cagr-newcomer-vs-defence-giants\/#What_Is_Driving_Paras_Defence_Stock\" title=\"What Is Driving Paras Defence Stock?\">What Is Driving Paras Defence Stock?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/paras-defence-share-price-3-year-cagr-newcomer-vs-defence-giants\/#How_the_Giants_Stack_Up\" title=\"How the Giants Stack Up\">How the Giants Stack Up<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/paras-defence-share-price-3-year-cagr-newcomer-vs-defence-giants\/#What_Should_Investors_Track_Next\" title=\"What Should Investors Track Next?\">What Should Investors Track Next?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/paras-defence-share-price-3-year-cagr-newcomer-vs-defence-giants\/#How_to_Compare_Defence_Stocks_Yourself\" title=\"How to Compare Defence Stocks Yourself\">How to Compare Defence Stocks Yourself<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/paras-defence-share-price-3-year-cagr-newcomer-vs-defence-giants\/#A_Newcomer_Worth_Watching_in_the_Defence_Space\" title=\"A Newcomer Worth Watching in the Defence Space\">A Newcomer Worth Watching in the Defence Space<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/paras-defence-share-price-3-year-cagr-newcomer-vs-defence-giants\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/paras-defence-share-price-3-year-cagr-newcomer-vs-defence-giants\/#What_is_the_Paras_Defence_share_price_today\" title=\"What is the Paras Defence share price today?\">What is the Paras Defence share price today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/paras-defence-share-price-3-year-cagr-newcomer-vs-defence-giants\/#What_is_the_3-year_CAGR_of_the_Paras_Defence_stock\" title=\"What is the 3-year CAGR of the Paras Defence stock?\">What is the 3-year CAGR of the Paras Defence stock?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/paras-defence-share-price-3-year-cagr-newcomer-vs-defence-giants\/#Is_Paras_Defence_better_than_HAL_or_BEL\" title=\"Is Paras Defence better than HAL or BEL?\">Is Paras Defence better than HAL or BEL?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/paras-defence-share-price-3-year-cagr-newcomer-vs-defence-giants\/#What_does_Paras_Defence_do\" title=\"What does Paras Defence do?\">What does Paras Defence do?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/paras-defence-share-price-3-year-cagr-newcomer-vs-defence-giants\/#Is_the_Paras_Defence_stock_debt_free\" title=\"Is the Paras Defence stock debt free?\">Is the Paras Defence stock debt free?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/paras-defence-share-price-3-year-cagr-newcomer-vs-defence-giants\/#Why_do_Paras_Defence_shares_trade_at_a_higher_PE_than_the_defence_industry\" title=\"Why do Paras Defence shares trade at a higher P\/E than the defence industry?\">Why do Paras Defence shares trade at a higher P\/E than the defence industry?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/paras-defence-share-price-3-year-cagr-newcomer-vs-defence-giants\/#Which_defence_stock_gave_the_highest_return_in_3_years\" title=\"Which defence stock gave the highest return in 3 years?\">Which defence stock gave the highest return in 3 years?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/paras-defence-share-price-3-year-cagr-newcomer-vs-defence-giants\/#How_do_I_calculate_CAGR_for_a_stock\" title=\"How do I calculate CAGR for a stock?\">How do I calculate CAGR for a stock?<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"Paras_Defence_Share_Price_521_CAGR_in_3_Years_as_This_Relatively_New_Defence_Stock_Takes_On_HAL_BEL_and_BDL\"><\/span><strong>Paras Defence Share Price: 52.1% CAGR in 3 Years as This Relatively New Defence Stock Takes On HAL, BEL and BDL<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Paras Defence previous close Rs 1,211. 3-year CAGR 52.1%. Up 3.5x since 3 Nov 2023. ROE 13.51%. Market cap Rs 9,756 crore.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\"><strong>Paras Defence share price<\/strong> closed at Rs 1,211 on 3 November 2026, which works out to a 52.1% compounded annual return over three years. That is ahead of Hindustan Aeronautics at 37.6%, Bharat Electronics at 40.9%, Bharat Dynamics at 25.1% and Mazagon Dock at 22.9%. The company is far smaller than those four, with a market cap of Rs 9,756 crore, and it trades at a P\/E of 91.16 against an industry P\/E of 46.68.<\/p>\n<\/p><\/div>\n<p>The <strong>Paras Defence share price<\/strong> has quietly outrun some of India&#8217;s best-known defence companies over the last three years, even though most of the attention in the sector goes to the large public sector names. This is a different kind of case: a private company listed in 2021, still small in market value, that has grown its way past several of the sector leaders on a price-return basis.<\/p>\n<p>This article puts numbers on the <strong>Paras Defence share price<\/strong> story. We take the three-year compounded annual growth rate (CAGR) of the Paras Defence stock and four established defence companies, set them side by side with market cap, valuation and return on equity, and explain what is driving the gap. All prices are adjusted for splits and bonuses, so the comparison is like for like.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=paras-defence-share-price\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_Much_Has_the_Paras_Defence_Share_Price_Returned_in_3_Years\"><\/span><strong>How Much Has the Paras Defence Share Price Returned in 3 Years?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <strong>Paras Defence share price<\/strong> closed at Rs 344.10 on 3 November 2023 and at Rs 1,211.00 on 3 November 2026. In plain terms, Rs 1 lakh invested three years ago would have grown to roughly Rs 3.52 lakh, a CAGR of 52.1%. This is a price return and does not include the small dividend the company pays, which currently yields 0.04%.<\/p>\n<p>CAGR smooths out the ups and downs of a volatile stock into a single yearly number, which is why it is the fairest way to compare companies of different sizes. A stock that rallies hard in one year and gives some back in another can look dramatic on a chart, but the CAGR shows what an investor actually earned each year on average.<\/p>\n<p>The <strong>Paras Defence share price<\/strong> journey also tells you something about how the market values smaller defence manufacturers. Investors have been willing to pay for visible growth in a niche where there are few listed competitors, though that willingness shows up in the valuation, which we look at below.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Paras_Defence_vs_HAL_BEL_BDL_and_Mazagon_Dock_3-Year_CAGR\"><\/span><strong>Paras Defence vs HAL, BEL, BDL and Mazagon Dock: 3-Year CAGR<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below ranks all five companies by three-year CAGR. Prices on 3 November 2023 are adjusted for corporate actions, and the latest figures are the previous close on 3 November 2026.<\/p>\n<table style=\"border-collapse:collapse;width:100%;margin:14px 0;\">\n<tr>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Company<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Close on 3 Nov 2023<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Previous close (3 Nov 2026)<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Price multiple<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">3-year CAGR<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\"><a href=\"https:\/\/univest.in\/stocks\/paras\/paras-defence-and-space-technologies-ltd-share-price-today\">Paras Defence and Space Technologies<\/a><\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 344.10<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 1,211.00<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">3.5x<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">52.1%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\"><a href=\"https:\/\/univest.in\/stocks\/bel\/bharat-electronics-ltd-share-price-today\">Bharat Electronics (BEL)<\/a><\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 135.95<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 380.10<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">2.8x<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">40.9%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\"><a href=\"https:\/\/univest.in\/stocks\/hal\/hindustan-aeronautics-ltd-share-price-today\">Hindustan Aeronautics (HAL)<\/a><\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 1,901.75<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 4,958.60<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">2.6x<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">37.6%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\"><a href=\"https:\/\/univest.in\/stocks\/bdl\/bharat-dynamics-ltd-share-price-today\">Bharat Dynamics (BDL)<\/a><\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 519.17<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 1,017.00<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">2.0x<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">25.1%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\"><a href=\"https:\/\/univest.in\/stocks\/mazdock\/mazagon-dock-shipbuilders-ltd-share-price-today\">Mazagon Dock Shipbuilders<\/a><\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 961.25<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 1,785.10<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">1.9x<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">22.9%<\/td>\n<\/tr>\n<\/table>\n<p>The Paras Defence stock leads the group at 52.1%, followed by Bharat Electronics at 40.9% and Hindustan Aeronautics at 37.6%. Bharat Dynamics compounded at 25.1% and Mazagon Dock at 22.9%, both strong numbers in their own right. Every one of the five more than doubled or came close to doubling investor money in three years, which shows how broad the defence rally has been.<\/p>\n<p>It is important to read the leadership correctly. A smaller base makes high percentage returns easier to achieve, so this comparison of the <strong>Paras Defence share price<\/strong> with its larger rivals says more about the pace of growth than about safety or size.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Valuation_and_Quality_How_the_Five_Defence_Companies_Compare\"><\/span><strong>Valuation and Quality: How the Five Defence Companies Compare<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;margin:14px 0;\">\n<tr>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Company<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Market cap<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">P\/E<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Industry P\/E<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">ROE<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Debt to equity<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Hindustan Aeronautics (HAL)<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 3,31,712 crore<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">35.59<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">46.68<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">22.21%<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">0.00<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Bharat Electronics (BEL)<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 2,77,625 crore<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">43.36<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">46.68<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">24.37%<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">0.00<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Mazagon Dock Shipbuilders<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 71,963 crore<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">29.36<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">46.68<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">23.45%<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">0.08<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Bharat Dynamics (BDL)<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 37,243 crore<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">71.50<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">50.13<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">9.91%<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">0.00<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Paras Defence and Space Technologies<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 9,756 crore<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">91.16<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">46.68<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">13.51%<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">0.04<\/td>\n<\/tr>\n<\/table>\n<p>Hindustan Aeronautics and Bharat Electronics are the heavyweights, with market caps of Rs 3,31,712 crore and Rs 2,77,625 crore. The Paras Defence stock, at a market cap of Rs 9,756 crore, is a fraction of either. Both large companies post a return on equity above 22% with no meaningful debt, which is the quality profile that supports a premium rating.<\/p>\n<p>On valuation, Paras Defence shares trade at a P\/E of 91.16, higher than Hindustan Aeronautics at 35.59, Bharat Electronics at 43.36 and Mazagon Dock at 29.36. Bharat Dynamics is the one peer with a higher P\/E at 71.50. The industry P\/E for the defence group sits around 46.68, so the Paras Defence stock is priced at a clear premium to the sector average, an expectation of faster earnings growth that the company will need to deliver.<\/p>\n<p>Behind the Paras Defence stock, the company earns a return on equity of 13.51% and carries almost no debt, with a debt to equity ratio of 0.04. Its EPS over the trailing twelve months is Rs 13.28. The balance sheet is clean, and the lower ROE compared with the two leaders reflects a company still scaling up its capacity.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Is_Driving_Paras_Defence_Stock\"><\/span><strong>What Is Driving Paras Defence Stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Paras Defence and Space Technologies makes optics and electro-optical systems for the armed forces, along with heat-shielding products, electromagnetic shielding and increasingly drone and anti-drone solutions. It sells into a market where the government has pushed hard for domestic sourcing under the Make in India defence programme, and where import substitution lists open up orders for local manufacturers.<\/p>\n<p>That policy backdrop matters for a smaller company. The large public sector units win the big platform contracts, but a growing share of subsystems, optics and components can be sourced from private vendors. A company with technical depth in a narrow area can grow quickly from a modest revenue base when even a few orders arrive.<\/p>\n<p>Defence orders are lumpy, and quarterly numbers can move sharply with execution timing. Investors tracking the <strong>Paras Defence share price<\/strong> usually watch order inflows, the share of revenue coming from newer product lines such as space optics and drone systems, and working capital, because defence contracts can tie up cash while deliveries are in progress.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_the_Giants_Stack_Up\"><\/span><strong>How the Giants Stack Up<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Hindustan Aeronautics (HAL) is the platform builder, supplying aircraft and helicopters to the Indian armed forces. Its 37.6% CAGR on a market cap above Rs 3.3 lakh crore reflects a long order book and a P\/E of 35.59, which is below the industry average of 46.68.<\/p>\n<p>Bharat Electronics (BEL) supplies radars, communication systems and electronic warfare equipment. A return on equity of 24.37% and zero debt explain why the market treats it as a quality compounder, with a 40.9% CAGR over the period.<\/p>\n<p>Bharat Dynamics (BDL) makes missiles and torpedoes. It grew 25.1% a year, but its ROE of 9.91% is lower than the other large names and its P\/E of 71.50 is the highest among the four giants, which means the market is already pricing in a pickup in earnings.<\/p>\n<p>Mazagon Dock Shipbuilders builds warships and submarines. At a P\/E of 29.36, the lowest of the group, and an ROE of 23.45%, it offers the lowest multiple among defence names with strong returns, supported by a 22.9% CAGR.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Should_Investors_Track_Next\"><\/span><strong>What Should Investors Track Next?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Three things are worth watching on the Paras Defence stock. First, order inflow and execution for the Paras Defence stock, since fresh orders are what justify a P\/E near 91. Second, margin trends as the company scales its newer product lines. Third, how the broader defence index behaves, because sentiment toward the sector tends to move all the stocks together.<\/p>\n<p>A high multiple leaves less room for disappointment, so position sizing matters. Smaller companies also tend to be more volatile than the large public sector names, and a three-year CAGR is a record of the past, not a forecast.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for live fundamentals of defence stocks<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Compare_Defence_Stocks_Yourself\"><\/span><strong>How to Compare Defence Stocks Yourself<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>You can repeat this exercise for any pair of stocks in a few steps. Pick the base date, note the adjusted closing price, take the latest close, and compute (latest price divided by old price) raised to the power of one third, minus one. Then compare the result with market cap, P\/E against the industry P\/E, ROE and debt to equity.<\/p>\n<p>A stock that scores well on growth but poorly on quality, or the other way round, deserves a closer look before it earns a place in a portfolio. Combining the CAGR with ROE and debt levels when tracking the <strong>Paras Defence share price<\/strong> gives a more complete picture than price alone.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track the <strong>Paras Defence share price<\/strong> and compare defence stocks live.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"A_Newcomer_Worth_Watching_in_the_Defence_Space\"><\/span><strong>A Newcomer Worth Watching in the Defence Space<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <strong>Paras Defence share price<\/strong> has outpaced Hindustan Aeronautics, Bharat Electronics, Bharat Dynamics and Mazagon Dock over three years, compounding at 52.1% a year. The achievement is real, though it comes from a small base and carries a premium valuation, so the next few quarters of order execution will decide whether the pace can continue.<\/p>\n<p>For investors building a view on the sector, the larger names offer scale and strong returns on equity, while the <strong>Paras Defence share price<\/strong> reflects faster growth with more volatility. Matching the choice to your own risk appetite is more useful than chasing the highest CAGR on the table.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. 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).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Paras_Defence_share_price_today\"><\/span><strong>What is the Paras Defence share price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Paras Defence closed at Rs 1,211 on 3 November 2026, according to NSE data. The stock has a market cap of Rs 9,756 crore and a P\/E of 91.16. Check live quotes before making any decision, as prices change every trading day.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_3-year_CAGR_of_the_Paras_Defence_stock\"><\/span><strong>What is the 3-year CAGR of the Paras Defence stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Paras Defence stock delivered a price CAGR of 52.1% over three years, moving from Rs 344.10 on 3 November 2023 to Rs 1,211.00 on 3 November 2026. This excludes dividends and is based on adjusted closing prices.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Paras_Defence_better_than_HAL_or_BEL\"><\/span><strong>Is Paras Defence better than HAL or BEL?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Paras Defence stock has delivered a higher three-year CAGR than Hindustan Aeronautics at 37.6% and Bharat Electronics at 40.9%. HAL and BEL are much larger, post an ROE above 22% and trade at lower P\/E multiples. Better depends on whether you prefer growth or scale.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_Paras_Defence_do\"><\/span><strong>What does Paras Defence do?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Paras Defence and Space Technologies makes defence optics, electro-optical systems, heat-shielding and electromagnetic shielding products, and drone and anti-drone solutions for the armed forces and space programmes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_Paras_Defence_stock_debt_free\"><\/span><strong>Is the Paras Defence stock debt free?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The company behind the Paras Defence stock carries very little debt. Its debt to equity ratio is 0.04, which is close to zero, and its return on equity is 13.51%. Always check the latest balance sheet for current figures.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_do_Paras_Defence_shares_trade_at_a_higher_PE_than_the_defence_industry\"><\/span><strong>Why do Paras Defence shares trade at a higher P\/E than the defence industry?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Paras Defence shares trade at a P\/E of 91.16 against an industry P\/E of 46.68. The premium reflects investor expectations of faster earnings growth from a smaller base, which the company must deliver through order execution.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_defence_stock_gave_the_highest_return_in_3_years\"><\/span><strong>Which defence stock gave the highest return in 3 years?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Among the five companies compared here, the Paras Defence stock led with a 52.1% CAGR, followed by Bharat Electronics at 40.9% and Hindustan Aeronautics at 37.6%. Past returns do not guarantee future performance.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_do_I_calculate_CAGR_for_a_stock\"><\/span><strong>How do I calculate CAGR for a stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Divide the latest price by the starting price, raise the result to the power of one divided by the number of years, and subtract one. Multiply by 100 to get a percentage. Use split and bonus adjusted prices for accurate results.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the Paras Defence share price today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Paras Defence closed at Rs 1,211 on 3 November 2026, according to NSE data. The stock has a market cap of Rs 9,756 crore and a P\/E of 91.16. Check live quotes before making any decision, as prices change every trading day.\"}},{\"@type\":\"Question\",\"name\":\"What is the 3-year CAGR of the Paras Defence stock?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Paras Defence stock delivered a price CAGR of 52.1% over three years, moving from Rs 344.10 on 3 November 2023 to Rs 1,211.00 on 3 November 2026. 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See how it compares with HAL, BEL, BDL and Mazagon Dock on returns and valuation.<\/p>\n","protected":false},"author":34,"featured_media":338029,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[19390,19389,16611,19388],"class_list":["post-338032","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-best-defence-stocks-india","tag-defence-stocks-3-year-return","tag-paras-defence-share-price","tag-paras-defence-vs-hal"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["338029"],"rank_math_title":["Paras Defence Share Price: 52% 3-Year CAGR vs HAL, BEL"],"rank_math_description":["Paras Defence share price has compounded at 52.1% a year for 3 years. 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