Paramount Communications Ltd
Paramount Communications Ltd is engaged in manufacturing of Wires and Cables comprising of power cables, telecom cables, railway cables and specialised cables. [1]
- Market Cap ₹ 2,162 Cr.
- Current Price ₹ 71.2
- High / Low ₹ 117 / 34.2
- Stock P/E 25.3
- Book Value ₹ 20.6
- Dividend Yield 0.00 %
- ROCE 15.2 %
- ROE 19.5 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is expected to give good quarter
- Company has delivered good profit growth of 24.0% CAGR over last 5 years
Cons
- Stock is trading at 3.45 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -4.20%
- Tax rate seems low
- Promoters have pledged 26.5% of their holding.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Cables Industry: Cables - Power
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 468 | 407 | 450 | 308 | 314 | 433 | 614 | 606 | 518 | 580 | 794 | 1,047 | |
| 459 | 426 | 485 | 351 | 362 | 436 | 571 | 561 | 501 | 559 | 746 | 960 | |
| Operating Profit | 8 | -20 | -35 | -44 | -48 | -3 | 42 | 45 | 17 | 20 | 48 | 87 |
| OPM % | 2% | -5% | -8% | -14% | -15% | -1% | 7% | 7% | 3% | 4% | 6% | 8% |
| 43 | -31 | 2 | 4 | 92 | 31 | 3 | 3 | 3 | 4 | 16 | 9 | |
| Interest | 44 | 42 | 61 | 74 | 20 | 4 | 8 | 11 | 7 | 6 | 7 | 5 |
| Depreciation | 12 | 11 | 9 | 9 | 10 | 9 | 9 | 11 | 9 | 10 | 9 | 9 |
| Profit before tax | -5 | -103 | -103 | -122 | 15 | 15 | 29 | 26 | 3 | 8 | 48 | 82 |
| Tax % | -1% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | -5% |
| -5 | -103 | -103 | -122 | 15 | 15 | 29 | 26 | 3 | 8 | 48 | 85 | |
| EPS in Rs | -0.37 | -8.26 | -8.24 | -9.76 | 1.18 | 1.03 | 1.70 | 1.43 | 0.16 | 0.42 | 2.46 | 2.81 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 11% |
| 3 Years: | 26% |
| TTM: | 32% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 24% |
| 3 Years: | 203% |
| TTM: | 79% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 35% |
| 5 Years: | 44% |
| 3 Years: | 70% |
| 1 Year: | 99% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 16% |
| Last Year: | 20% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 25 | 25 | 25 | 25 | 25 | 29 | 34 | 37 | 39 | 39 | 39 | 61 |
| Reserves | -16 | -144 | -247 | -368 | -36 | 58 | 107 | 145 | 154 | 163 | 211 | 565 |
| Preference Capital | 8 | 8 | 8 | 8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 329 | 342 | 397 | 346 | 217 | 203 | 210 | 210 | 202 | 187 | 160 | 103 | |
| 164 | 184 | 179 | 310 | 116 | 101 | 118 | 120 | 76 | 93 | 94 | 93 | |
| Total Liabilities | 502 | 407 | 354 | 313 | 321 | 390 | 469 | 512 | 471 | 481 | 504 | 821 |
| 95 | 88 | 81 | 75 | 138 | 130 | 132 | 145 | 142 | 135 | 128 | 168 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Investments | 28 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10 | 58 |
| 379 | 316 | 274 | 238 | 183 | 260 | 337 | 367 | 329 | 346 | 366 | 594 | |
| Total Assets | 502 | 407 | 354 | 313 | 321 | 390 | 469 | 512 | 471 | 481 | 504 | 821 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 59 | 33 | 13 | 138 | 52 | 11 | -18 | 14 | 14 | 15 | 11 | -101 | |
| 55 | 24 | -0 | -1 | 2 | 1 | -8 | -6 | -3 | -1 | -16 | -96 | |
| -114 | -55 | -7 | -127 | -53 | -18 | 25 | -8 | -5 | -19 | 22 | 183 | |
| Net Cash Flow | 1 | 2 | 6 | 10 | 1 | -5 | -1 | -0 | 6 | -6 | 17 | -13 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 142 | 125 | 127 | 159 | 135 | 159 | 127 | 125 | 118 | 109 | 78 | 85 |
| Inventory Days | 162 | 150 | 65 | 69 | 17 | 29 | 60 | 88 | 88 | 92 | 71 | 104 |
| Days Payable | 95 | 82 | 29 | 73 | 25 | 95 | 80 | 88 | 59 | 67 | 25 | 39 |
| Cash Conversion Cycle | 208 | 192 | 164 | 155 | 127 | 93 | 107 | 125 | 147 | 134 | 123 | 150 |
| Working Capital Days | 137 | 74 | 14 | -202 | 36 | 105 | 107 | 126 | 150 | 142 | 128 | 176 |
| ROCE % | -1% | -10% | -20% | -52% | -49% | -3% | 12% | 10% | 3% | 4% | 14% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 8h
- Closure of Trading Window 1d
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
9 Jun - Of Schedule of Investors Meet/ Conference Regulation 30 of SEBI (LODR) Regulations, 2015
- Intimation Of Trading Approval Obtained From The Exchange(S) For 5,00,000 Equity Shares Of Rs. 2/- Each Issued At Premium Of Rs. 19.57/- To Non-Promoters On A Preferential Basis Pursuant To Conversion Of Warrants. 1 Jun
- Intimation Of Trading Approval Obtained From The Exchange(S) For 12,50,000 Equity Shares Of Rs. 2/- Each Issued At Premium Of Rs. 64.50/- To Non-Promoters On A Preferential Basis. 1 Jun
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Product Segments
Power: LT & HT Power Cables, LT & HT Aerial Bunch Cables, Control Cables, Instrumentation Cables.
Telecom: Optical Fiber Cable (OFC) & FTTH Jelly Filled Cables, CATV Cables.
Railways: Signalling Cables, Railway Power Axle Counter Cables.
Special Products: PTFE & Thermocouple Cables, Quad Cables Fire Survival Cables, Solar Cables.
EPC Services: Telecom Consultancy & EPC, Power & Railway EPC Turnkey Projects, Specialized Projects OPGW, Submarine Cables Installation & repair. [1] Company has 25 products with 2,500+ SKUs. Paramount specializes in turnkey services, offering expertise in the repair and installation of undersea cables.[2]
Clientele
The Co has a prestigious clientele that includes government, institutional and major private sector organizations. It includes Indian Railways, BSNL, RailTel, Tata Projects Limited, Adani Renewables, Adani Power, L&T, Siemens and others. [3][4]
Revenue Mix H1FY24[5]
Power Cables: 37%
Railway Cables: 11%
Telecom Cables: 6.3%
Domestic Wires: 6.7%
Exports: 33%
EPC Projects: 3.6%
Others: 2.4%