Where will Paras Defence's share price be in the next three years?

Paras Defence and Space Technologies is positioned to benefit from India's defence modernization push, with exposure to high-growth segments like defence electronics, drones, anti-drone systems, and space technologies. In Q4FY26, revenue surged to ₹171.3 crore from ₹108.2 crore YoY, while net profit grew to ₹38.9 crore from ₹20.8 crore. However, the stock trades at a steep PE of 96.2, raising valuation concerns despite strong long-term growth drivers.