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 ₹ 1,453 Cr.
- Current Price ₹ 65.1
- High / Low ₹ 76.2 / 15.5
- Stock P/E 26.3
- Book Value ₹ 12.9
- Dividend Yield 0.00 %
- ROCE 13.8 %
- ROE 21.2 %
- Face Value ₹ 2.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 42.6% CAGR over last 5 years
- Debtor days have improved from 102 to 77.6 days.
- Promoter holding has increased by 1.77% over last quarter.
Cons
- Stock is trading at 5.06 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Company has a low return on equity of 9.68% over last 3 years.
- Company might be capitalizing the interest cost
- 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 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 461 | 468 | 407 | 450 | 308 | 314 | 433 | 614 | 606 | 518 | 580 | 794 | 843 | |
| 469 | 459 | 426 | 485 | 351 | 362 | 436 | 571 | 561 | 501 | 559 | 746 | 786 | |
| Operating Profit | -8 | 8 | -20 | -35 | -44 | -48 | -3 | 42 | 45 | 17 | 20 | 48 | 57 |
| OPM % | -2% | 2% | -5% | -8% | -14% | -15% | -1% | 7% | 7% | 3% | 4% | 6% | 7% |
| 2 | 43 | -31 | 2 | 4 | 92 | 31 | 3 | 3 | 3 | 4 | 16 | 15 | |
| Interest | 39 | 44 | 42 | 61 | 74 | 20 | 4 | 8 | 11 | 7 | 6 | 7 | 8 |
| Depreciation | 12 | 12 | 11 | 9 | 9 | 10 | 9 | 9 | 11 | 9 | 10 | 9 | 9 |
| Profit before tax | -58 | -5 | -103 | -103 | -122 | 15 | 15 | 29 | 26 | 3 | 8 | 48 | 55 |
| Tax % | -0% | -1% | 0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | |
| -58 | -5 | -103 | -103 | -122 | 15 | 15 | 29 | 26 | 3 | 8 | 48 | 55 | |
| EPS in Rs | -6.27 | -0.37 | -8.26 | -8.24 | -9.76 | 1.18 | 1.03 | 1.70 | 1.43 | 0.16 | 0.42 | 2.46 | 2.75 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 13% |
| 3 Years: | 9% |
| TTM: | 30% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 43% |
| 3 Years: | 22% |
| TTM: | 241% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 46% |
| 5 Years: | 38% |
| 3 Years: | 110% |
| 1 Year: | 268% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 10% |
| Last Year: | 21% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 19 | 33 | 33 | 33 | 33 | 25 | 29 | 34 | 37 | 39 | 39 | 39 | |
| Reserves | -13 | -16 | -144 | -247 | -368 | -36 | 58 | 107 | 145 | 154 | 163 | 211 |
| 390 | 329 | 342 | 397 | 346 | 217 | 203 | 210 | 210 | 202 | 187 | 160 | |
| 136 | 164 | 184 | 179 | 310 | 116 | 101 | 118 | 120 | 76 | 93 | 94 | |
| Total Liabilities | 531 | 502 | 407 | 354 | 313 | 321 | 390 | 469 | 512 | 471 | 481 | 504 |
| 140 | 95 | 88 | 81 | 75 | 138 | 130 | 132 | 145 | 142 | 135 | 128 | |
| CWIP | -0 | 0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| Investments | 28 | 28 | 3 | 0 | 0 | -0 | -0 | -0 | -0 | -0 | -0 | 10 |
| 363 | 379 | 316 | 274 | 238 | 183 | 260 | 337 | 367 | 329 | 346 | 366 | |
| Total Assets | 531 | 502 | 407 | 354 | 313 | 321 | 390 | 469 | 512 | 471 | 481 | 504 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 18 | 59 | 33 | 13 | 138 | 52 | 11 | -18 | 14 | 14 | 15 | 11 | |
| -1 | 55 | 24 | -0 | -1 | 2 | 1 | -8 | -6 | -3 | -1 | -16 | |
| -18 | -114 | -55 | -7 | -127 | -53 | -18 | 25 | -8 | -5 | -19 | 22 | |
| Net Cash Flow | -1 | 1 | 2 | 6 | 10 | 1 | -5 | -1 | -0 | 6 | -6 | 17 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 128 | 142 | 125 | 127 | 159 | 135 | 159 | 127 | 125 | 118 | 109 | 78 |
| Inventory Days | 147 | 162 | 150 | 65 | 69 | 17 | 29 | 60 | 88 | 88 | 92 | 71 |
| Days Payable | 77 | 95 | 82 | 29 | 73 | 25 | 95 | 80 | 88 | 59 | 67 | 25 |
| Cash Conversion Cycle | 198 | 208 | 192 | 164 | 155 | 127 | 93 | 107 | 125 | 147 | 134 | 123 |
| Working Capital Days | 128 | 137 | 74 | 14 | -202 | 36 | 105 | 107 | 126 | 150 | 142 | 128 |
| ROCE % | -5% | -1% | -10% | -20% | -52% | -49% | -3% | 12% | 10% | 3% | 4% | 14% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
19h - Read with Part A of Schedule III of the SEBI (LODR) Regulations, 2015, this is to inform that the management of the Company will be …
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
11 Sep - Dear Sir, As per Regulation 47 of SEBI (LODR) Regulations, 2015 read with corresponding circulars and notifications issued thereunder, please find enclosed newspaper clippings of …
- Intimation Of 29Th Annual General Meeting (AGM) Of The Company 6 Sep
-
Notice Of 29Th AGM Of The Company
6 Sep - Notice of 29th Annual General Meeting (AGM) of the Company to be held on Thursday, 28th September, 2023 at 11: 30 A.M. through Video Conferencing …
- Reg. 34 (1) Annual Report. 6 Sep
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]
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. [2][3]
**Revenue Segment **
Power Cables: 51% in FY21 vs 50% in FY20
Telecom Cables (OFC and PIJF): 14% in FY21 vs 8% in FY20
Railway Cables: 21% in FY21 vs 31% in FY20
Domestic Wires: 8% in FY21 vs 6% in FY20
EPC and other: 7% in FY21 vs 5% in FY20 [1]
Geographical Split
India: 93% in FY21 vs 96% in FY20
Outside India: 7% in FY21 vs 4% in FY20 [4]