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 ₹ 723 Cr.
- Current Price ₹ 37.2
- High / Low ₹ 45.0 / 9.80
- Stock P/E 15.1
- Book Value ₹ 15.2
- Dividend Yield 0.00 %
- ROCE 13.0 %
- ROE 19.2 %
- Face Value ₹ 2.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 42.5% CAGR over last 5 years
- Debtor days have improved from 102 to 77.3 days.
Cons
- 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 9.33% over last 3 years.
- Company might be capitalizing the interest cost
- Promoters have pledged 32.9% of their holding.
- Earnings include an other income of Rs.16.2 Cr.
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 699 | 677 | 412 | 451 | 308 | 314 | 433 | 614 | 606 | 518 | 580 | 796 | |
| 713 | 685 | 431 | 486 | 351 | 362 | 436 | 571 | 561 | 501 | 559 | 749 | |
| Operating Profit | -14 | -8 | -20 | -35 | -44 | -48 | -3 | 42 | 45 | 17 | 20 | 48 |
| OPM % | -2% | -1% | -5% | -8% | -14% | -15% | -1% | 7% | 7% | 3% | 4% | 6% |
| 20 | 45 | -29 | 4 | 2 | 92 | 31 | 3 | 3 | 3 | 4 | 16 | |
| Interest | 44 | 49 | 42 | 61 | 74 | 20 | 4 | 8 | 11 | 7 | 6 | 7 |
| Depreciation | 13 | 12 | 11 | 9 | 9 | 10 | 9 | 9 | 11 | 9 | 10 | 9 |
| Profit before tax | -50 | -24 | -101 | -101 | -124 | 15 | 15 | 29 | 26 | 3 | 8 | 48 |
| Tax % | -0% | -0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit | -50 | -25 | -101 | -101 | -124 | 15 | 15 | 29 | 26 | 3 | 8 | 48 |
| EPS in Rs | -5.42 | -1.96 | -8.05 | -8.06 | -9.89 | 1.17 | 1.03 | 1.70 | 1.43 | 0.16 | 0.42 | 2.46 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 13% |
| 3 Years: | 10% |
| TTM: | 37% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 43% |
| 3 Years: | 22% |
| TTM: | 482% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 37% |
| 5 Years: | 21% |
| 3 Years: | 65% |
| 1 Year: | 220% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 9% |
| Last Year: | 19% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | -25 | -48 | -143 | -246 | -368 | -36 | 58 | 107 | 145 | 154 | 163 | 256 |
| 475 | 410 | 342 | 397 | 346 | 217 | 203 | 210 | 210 | 202 | 187 | 160 | |
| 164 | 184 | 184 | 179 | 305 | 116 | 101 | 118 | 120 | 76 | 93 | 49 | |
| Total Liabilities | 633 | 571 | 407 | 355 | 308 | 321 | 390 | 469 | 512 | 471 | 481 | 504 |
| 142 | 98 | 88 | 81 | 75 | 138 | 130 | 132 | 145 | 142 | 135 | 128 | |
| CWIP | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10 |
| 489 | 472 | 318 | 274 | 233 | 183 | 260 | 337 | 367 | 329 | 346 | 366 | |
| Total Assets | 633 | 571 | 407 | 355 | 308 | 321 | 390 | 469 | 512 | 471 | 481 | 504 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 47 | 68 | 137 | 14 | 138 | 52 | 20 | -18 | 14 | 14 | 15 | 11 | |
| -2 | 55 | 1 | -2 | -1 | 2 | 1 | -8 | -6 | -3 | -1 | -16 | |
| -46 | -123 | -136 | -7 | -127 | -53 | -18 | 25 | -8 | -5 | -19 | 22 | |
| Net Cash Flow | -1 | -0 | 2 | 5 | 10 | 1 | 4 | -1 | -0 | 6 | -6 | 17 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 104 | 105 | 122 | 128 | 152 | 135 | 159 | 127 | 125 | 118 | 109 | 77 |
| Inventory Days | 155 | 163 | 149 | 65 | 69 | 17 | 29 | 60 | 88 | 88 | 92 | 71 |
| Days Payable | 58 | 67 | 82 | 28 | 66 | 25 | 95 | 80 | 88 | 59 | 67 | 25 |
| Cash Conversion Cycle | 201 | 200 | 189 | 164 | 156 | 127 | 93 | 107 | 125 | 147 | 134 | 123 |
| Working Capital Days | 141 | 139 | 74 | 14 | -203 | 36 | 105 | 107 | 126 | 150 | 142 | 132 |
| ROCE % | -5% | -4% | -9% | -20% | -52% | -49% | -3% | 12% | 10% | 3% | 4% | 13% |
Documents
Announcements
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 24h
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Announcement under Regulation 30 (LODR)-Allotment
5 Jun - The Share Allotment Committee of the Board of the Company, in its meeting held on June 05, 2023, has allotted 2,90,00,000 equity shares of face …
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Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
3 Jun - Due to the personal reason, Ms. Rashi Goel (Membership No.: F9577) has tendered her resignation dated 3rd June, 2023 from the post of Company Secretary …
-
Regulation 30 Of SEBI (LODR) Regulations, 2015
31 May - Circular bearing reference No. SEBI/HO/MIRSD/MIRSDPoD- 1/P/CIR/2023/37 dated March 16, 2023 read together with SEBI Circular No. SEBl/HO/MIRSD/MIRSD_RTAMB/P/CIR/202I/687 dated December 14, 2021 and SEBI/HO/MIRSD/MIRSD RTAMB/P/CIR/202l/655 dated …
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 31 May
Annual reports
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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 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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Financial Year 2010
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Concalls
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May 2023TranscriptNotesPPT
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]