Paras’s move to tier-1 supplier status is improving working capital cycles through higher customer advances.

(Photo: Paras Defence website) Paras Defence’s current order book stands at Rs 10 billion, with optics contributing over 60% (Rs 5.5–6 billion) and defence engineering accounting for Rs 4 billion. The optics segment, which includes periscopes and space optics programs, is expected to drive long-term growth, while engineering orders offer faster execution cycles.

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