Paras Defence and Space Technologies vs Azad Engineering vs Unimech Aerospace: Which Stock Should You Track

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.

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.