Paramount Communications Ltd

Paramount Comm. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Paramount Communications Ltd

₹ 65.6 -1.37%
21 Nov 4:00 p.m.
paramountcables.com BSE: 530555 NSE: PARACABLES
About

Paramount Communications Ltd is engaged in manufacturing of Wires and Cables comprising of power cables, telecom cables, railway cables and specialised cables. [1]

Key Points

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%

Website BSE NSE
  • Market Cap ₹ 2,008 Cr.
  • Current Price ₹ 65.6
  • High / Low ₹ 117 / 60.0
  • Stock P/E 20.7
  • Book Value ₹ 22.2
  • Dividend Yield 0.00 %
  • ROCE 15.3 %
  • ROE 19.4 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 23.8% CAGR over last 5 years

Cons

  • Stock is trading at 2.94 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low
  • Promoter holding has decreased over last 3 years: -13.0%

* 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

Part of BSE Allcap BSE Industrials BSE SmallCap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
138 163 183 164 213 218 202 211 252 284 323 321 356
133 157 176 156 199 203 191 194 231 260 296 294 325
Operating Profit 5 6 7 8 14 15 11 17 21 24 27 27 31
OPM % 4% 4% 4% 5% 7% 7% 6% 8% 8% 8% 8% 8% 9%
1 1 2 3 3 4 7 2 2 2 3 3 2
Interest 2 2 1 1 2 2 2 2 1 1 1 1 2
Depreciation 2 2 2 2 2 2 2 2 2 2 3 3 3
Profit before tax 2 3 5 7 13 14 14 15 20 22 26 26 29
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% -14% 2% 30%
2 3 5 7 13 14 14 15 19 22 29 25 20
EPS in Rs 0.08 0.14 0.25 0.36 0.65 0.74 0.71 0.62 0.82 0.79 0.97 0.83 0.67
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
677 412 451 308 314 433 614 606 518 580 794 1,068 1,285
685 431 486 351 362 436 571 561 501 559 746 978 1,175
Operating Profit -8 -20 -35 -44 -48 -3 42 45 17 20 48 89 109
OPM % -1% -5% -8% -14% -15% -1% 7% 7% 3% 4% 6% 8% 8%
45 -29 4 2 92 31 3 3 3 4 16 8 10
Interest 49 42 61 74 20 4 8 11 7 6 7 6 6
Depreciation 12 11 9 9 10 9 9 11 9 10 9 9 11
Profit before tax -24 -101 -101 -124 15 15 29 26 3 8 48 82 103
Tax % 0% -0% 0% 0% 0% 0% 0% 0% 0% 0% 0% -4%
-25 -101 -101 -124 15 15 29 26 3 8 48 86 97
EPS in Rs -1.96 -8.05 -8.06 -9.89 1.17 1.03 1.70 1.43 0.16 0.42 2.46 2.82 3.26
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 10%
5 Years: 12%
3 Years: 27%
TTM: 45%
Compounded Profit Growth
10 Years: 12%
5 Years: 24%
3 Years: 202%
TTM: 56%
Stock Price CAGR
10 Years: 41%
5 Years: 50%
3 Years: 82%
1 Year: 5%
Return on Equity
10 Years: %
5 Years: 14%
3 Years: 16%
Last Year: 19%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 25 25 25 25 25 29 34 37 39 39 39 61 61
Reserves -48 -143 -246 -368 -36 58 107 145 154 163 211 563 614
418 349 405 354 217 203 210 210 202 187 160 103 22
176 176 171 297 116 101 118 120 76 93 94 99 133
Total Liabilities 571 407 355 308 321 390 469 512 471 481 504 827 830
98 88 81 75 138 130 132 145 142 135 128 169 196
CWIP 0 0 0 0 0 0 0 0 0 0 0 1 1
Investments 1 1 0 0 0 0 0 0 0 0 10 56 0
472 318 274 233 183 260 337 367 329 346 366 600 633
Total Assets 571 407 355 308 321 390 469 512 471 481 504 827 830

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
68 137 14 138 52 20 -18 14 14 15 11 -101
55 1 -2 -1 2 1 -8 -6 -3 -1 -16 -96
-123 -136 -7 -127 -53 -18 25 -8 -5 -19 22 183
Net Cash Flow -0 2 5 10 1 4 -1 -0 6 -6 17 -13

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 105 122 128 152 135 159 127 125 118 109 78 86
Inventory Days 163 149 65 69 17 29 60 88 88 92 71 108
Days Payable 67 82 28 66 25 95 80 88 59 67 25 39
Cash Conversion Cycle 200 189 164 156 127 93 107 125 147 134 123 155
Working Capital Days 139 74 14 -203 36 105 107 126 150 142 128 153
ROCE % -4% -9% -20% -52% -49% -3% 12% 10% 3% 4% 14% 15%

Shareholding Pattern

Numbers in percentages

5 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
62.12% 62.12% 62.12% 62.12% 62.12% 62.12% 63.90% 62.68% 53.51% 49.31% 49.31% 49.06%
0.00% 0.00% 0.00% 0.06% 0.07% 0.55% 0.86% 0.52% 7.60% 6.98% 7.10% 2.21%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.21% 0.00% 0.00% 0.00% 0.00%
37.88% 37.88% 37.88% 37.82% 37.80% 37.34% 35.24% 36.58% 38.89% 43.71% 43.58% 48.72%
No. of Shareholders 42,10644,49444,91544,15240,81943,69644,76659,33370,89797,4461,05,5041,40,320

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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