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 ₹ 2,885 Cr.
- Current Price ₹ 95.0
- High / Low ₹ 117 / 51.2
- Stock P/E 30.0
- Book Value ₹ 20.6
- Dividend Yield 0.00 %
- ROCE 15.3 %
- ROE 19.4 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- 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 4.62 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Promoters have pledged 26.5% of their holding.
- Promoter holding has decreased over last 3 years: -12.8%
* 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 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 | 1,181 | |
| 685 | 431 | 486 | 351 | 362 | 436 | 571 | 561 | 501 | 559 | 746 | 978 | 1,082 | |
| Operating Profit | -8 | -20 | -35 | -44 | -48 | -3 | 42 | 45 | 17 | 20 | 48 | 89 | 99 |
| 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 | 9 | |
| Interest | 49 | 42 | 61 | 74 | 20 | 4 | 8 | 11 | 7 | 6 | 7 | 6 | 5 |
| Depreciation | 12 | 11 | 9 | 9 | 10 | 9 | 9 | 11 | 9 | 10 | 9 | 9 | 10 |
| Profit before tax | -24 | -101 | -101 | -124 | 15 | 15 | 29 | 26 | 3 | 8 | 48 | 82 | 93 |
| 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 | 96 | |
| 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 | 3.41 |
| 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: | 40% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 24% |
| 3 Years: | 202% |
| TTM: | 74% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 39% |
| 5 Years: | 58% |
| 3 Years: | 95% |
| 1 Year: | 38% |
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 25 | 25 | 25 | 25 | 25 | 29 | 34 | 37 | 39 | 39 | 39 | 61 |
| Reserves | -48 | -143 | -246 | -368 | -36 | 58 | 107 | 145 | 154 | 163 | 211 | 563 |
| 418 | 349 | 405 | 354 | 217 | 203 | 210 | 210 | 202 | 187 | 160 | 103 | |
| 176 | 176 | 171 | 297 | 116 | 101 | 118 | 120 | 76 | 93 | 94 | 99 | |
| Total Liabilities | 571 | 407 | 355 | 308 | 321 | 390 | 469 | 512 | 471 | 481 | 504 | 827 |
| 98 | 88 | 81 | 75 | 138 | 130 | 132 | 145 | 142 | 135 | 128 | 169 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Investments | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10 | 56 |
| 472 | 318 | 274 | 233 | 183 | 260 | 337 | 367 | 329 | 346 | 366 | 600 | |
| Total Assets | 571 | 407 | 355 | 308 | 321 | 390 | 469 | 512 | 471 | 481 | 504 | 827 |
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% |
Documents
Announcements
- Disclosures Under The Provisions Of SEBI (SAST) Regulations, 2011 (Hereinafter 'SEBI (SAST) Regulations') And SEBI (Prohibition Of Insider Trading) Regulations, 2015 (Hereinafter 'SEBI (PIT) Regulations')- Release Of Pledge On The Shares Of The Company. 22s
-
Disclosures Under The Provision Of SEBI (SAST) Regulation ,2011 -Release Of Pledge On The Shares Of The Company
54m - Release of pledge on 3.96 crore equity shares.
- Corrigendum To The Annual Report For The Financial Year Ended March 31, 2024 1d
-
Corrigendum To The Annual Report For The Financial Year Ended March 31, 2024
1d - Corrigendum issued for Annual Report FY 2023-24.
-
Corporate Presentation
3 Sep - Paramount Communications presents financial performance and growth strategy.
Annual reports
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Financial Year 2024
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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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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%