Paramount Communications Ltd

About [ edit ]

Paramount Communications Limited is a cable manufacturing company. Information technology (IT) and communication, construction, defense and space research projects.

  • Market Cap 198 Cr.
  • Current Price 10.2
  • High / Low 11.8 / 5.95
  • Stock P/E 35.8
  • Book Value 9.30
  • Dividend Yield 0.00 %
  • ROCE 9.95 %
  • ROE 16.4 %
  • Face Value 2.00

Pros

  • Stock is trading at 1.10 times its book value
  • Promoter holding has increased by 2.06% over last quarter.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Tax rate seems low
  • Company might be capitalizing the interest cost
  • Promoters have pledged 32.89% of their holding.

Peer comparison

Sector: Cables Industry: Cables - Power

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
97.88 111.28 149.35 169.57 184.26 152.21 154.57 165.67 133.75 85.02 117.44 152.26
108.80 104.85 139.24 157.55 170.36 140.12 142.28 154.15 124.44 83.06 113.82 147.00
Operating Profit -10.92 6.43 10.11 12.02 13.90 12.09 12.29 11.52 9.31 1.96 3.62 5.26
OPM % -11.16% 5.78% 6.77% 7.09% 7.54% 7.94% 7.95% 6.95% 6.96% 2.31% 3.08% 3.45%
Other Income 73.04 0.86 0.71 0.92 0.83 0.44 0.46 0.86 0.93 0.81 0.55 0.69
Interest 1.87 1.89 1.33 1.62 3.14 3.09 2.63 2.06 2.74 2.16 1.69 1.77
Depreciation 1.91 2.12 2.11 2.16 2.25 2.82 2.85 2.87 2.50 2.22 2.25 2.27
Profit before tax 58.34 3.28 7.38 9.16 9.34 6.62 7.27 7.45 5.00 -1.61 0.23 1.91
Tax % -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00%
Net Profit 58.34 3.28 7.39 9.15 9.34 6.62 7.27 7.45 5.01 -1.61 0.23 1.90
EPS in Rs 4.66 0.23 0.43 0.53 0.54 0.39 0.42 0.43 0.27 -0.09 0.01 0.10

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
786 672 704 699 677 412 451 308 314 433 614 606 488
795 677 776 713 685 431 486 351 362 436 571 561 468
Operating Profit -9 -5 -72 -14 -8 -20 -35 -44 -48 -3 42 45 20
OPM % -1% -1% -10% -2% -1% -5% -8% -14% -15% -1% 7% 7% 4%
Other Income 4 51 8 20 45 -29 4 2 92 31 3 3 3
Interest 42 38 42 44 49 42 61 74 20 4 8 11 8
Depreciation 12 12 13 13 12 11 9 9 10 9 9 11 9
Profit before tax -59 -5 -119 -50 -24 -101 -101 -124 15 15 29 26 6
Tax % 17% 8% 0% -0% -0% 0% -0% -0% -0% -0% -0% -0%
Net Profit -49 -6 -120 -50 -25 -101 -101 -124 15 15 29 26 6
EPS in Rs -5.82 -0.67 -13.53 -5.42 -1.96 -8.05 -8.06 -9.89 1.17 1.03 1.70 1.43 0.29
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years:-1%
5 Years:6%
3 Years:24%
TTM:-26%
Compounded Profit Growth
10 Years:21%
5 Years:18%
3 Years:33%
TTM:-82%
Stock Price CAGR
10 Years:10%
5 Years:32%
3 Years:-14%
1 Year:61%
Return on Equity
10 Years:%
5 Years:%
3 Years:18%
Last Year:16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
17 17 18 19 33 33 33 33 25 29 34 37 37
Reserves 152 152 33 -25 -48 -143 -246 -368 -37 -16 107 143 144
Borrowings 395 410 471 475 410 342 397 346 217 203 210 210 193
146 172 179 164 184 184 179 305 116 175 118 122 128
Total Liabilities 711 751 701 633 571 407 355 308 321 390 469 512 502
157 162 151 142 98 88 81 75 138 130 132 145 142
CWIP 37 9 1 1 0 -0 -0 -0 -0 -0 -0 -0 -0
Investments 4 3 1 1 1 1 0 0 -0 -0 -0 -0 0
512 578 548 489 472 318 274 233 183 260 337 367 359
Total Assets 711 751 701 633 571 407 355 308 321 390 469 512 502

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
62 -51 -64 47 68 137 14 138 52 20 -18 13
-30 7 5 -2 55 1 -2 -1 2 1 -8 -5
-53 39 63 -46 -123 -136 -7 -127 -53 -18 25 -8
Net Cash Flow -21 -5 3 -1 -0 2 5 10 1 4 -1 -0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % -3% 6% -14% -5% -4% -9% -20% -52% -49% -4% 13% 10%
Debtor Days 89 128 117 104 105 122 128 152 135 159 127 125
Inventory Turnover 2.50 1.99 2.34 2.34 2.32 1.93 3.85 4.51 8.75 17.58 9.17 4.98

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
56.27 56.71 56.71 56.71 56.67 56.71 56.71 59.99 60.08 60.08 60.05 62.12
0.07 0.06 1.70 1.70 1.70 1.70 1.70 1.59 1.59 1.59 1.59 1.51
0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.00 0.00 0.00 0.00 0.00
43.66 43.23 41.59 41.59 41.63 41.59 41.58 38.41 38.33 38.33 38.36 36.38

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