Paramount Speciality Forgings Ltd
Incorporated in 1994, Paramount Speciality Forgings Ltd is a manufacturer of carbon steel and stainless-steel flanges and fittings and other engineering goods.[1]
- Market Cap ₹ 60.8 Cr.
- Current Price ₹ 30.9
- High / Low ₹ 38.8 / 21.2
- Stock P/E 14.5
- Book Value ₹ 28.6
- Dividend Yield 0.00 %
- ROCE 9.40 %
- ROE 7.76 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.08 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
* 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
Industrials Capital Goods Industrial Products Other Industrial Products
Part of Nifty SME Emerge
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 52 | 88 | 110 | 113 | 110 | 120 | |
| 46 | 84 | 105 | 99 | 101 | 112 | |
| Operating Profit | 6 | 3 | 6 | 13 | 9 | 8 |
| OPM % | 12% | 3.8% | 5% | 12% | 8% | 6% |
| 0 | 5 | 2 | 1 | 1 | 2 | |
| Interest | 2 | 1 | 1 | 2 | 2 | 2 |
| Depreciation | 5 | 3 | 3 | 2 | 1 | 2 |
| Profit before tax | -1 | 4 | 4 | 10 | 6 | 6 |
| Tax % | -51% | 18% | 23% | 28% | 24% | 25% |
| -0 | 3 | 3 | 7 | 4 | 4 | |
| EPS in Rs | 4.87 | 2.27 | 2.16 | |||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 18% |
| 3 Years: | 3% |
| TTM: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 77% |
| 3 Years: | 15% |
| TTM: | -6% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -14% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 14% |
| Last Year: | 8% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 15 | 20 | 20 |
| Reserves | 17 | 20 | 16 | 8 | 32 | 37 |
| 16 | 12 | 20 | 25 | 29 | 28 | |
| 16 | 23 | 36 | 34 | 35 | 43 | |
| Total Liabilities | 49 | 54 | 72 | 82 | 116 | 128 |
| 14 | 12 | 11 | 9 | 13 | 13 | |
| CWIP | 0 | 0 | 0 | 0 | 1 | 15 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 35 | 42 | 61 | 72 | 102 | 99 | |
| Total Assets | 49 | 54 | 72 | 82 | 116 | 128 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 1 | 4 | -0 | -4 | -3 | 6 | |
| -0 | 3 | -1 | 0 | -10 | -17 | |
| -2 | -5 | 0 | 4 | 27 | -2 | |
| Net Cash Flow | -1 | 1 | -1 | -0 | 14 | -14 |
| Free Cash Flow | 0 | 7 | -1 | -5 | -8 | -12 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 25% | 153% | 20% | -21% | 3% | 103% |
Ratios
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 61 | 53 | 57 | 53 | 68 | 77 |
| Inventory Days | 222 | 105 | 142 | 204 | 252 | 237 |
| Days Payable | 176 | 106 | 155 | 146 | 168 | 172 |
| Cash Conversion Cycle | 106 | 52 | 44 | 111 | 152 | 142 |
| Working Capital Days | 17 | 24 | 10 | 37 | 56 | 56 |
| ROCE % | 3% | 15% | 29% | 13% | 9% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Actual Production Volume MT |
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| Installed Production Capacity MTPA |
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| Machining Capacity Utilization % |
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| Exports Revenue Share % |
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| Oil & Gas Revenue Share % |
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| Order Book ₹ Crore |
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| Petrochemicals, Chemicals & Fertilizers Revenue Share % |
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| New Customers Added Count |
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Extracted by Screener AI
Documents
Announcements
-
Structural Digital Database
- Submitted SDD compliance certificate for quarter and half-year ended September 30, 2026.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
- Submitted Regulation 74(5) compliance certificate for quarter and half year ended September 30, 2026; nil dematerialisation.
-
Shareholders meeting
- 3rd AGM voting results released; all 5 resolutions passed, including director reappointment and MD remuneration continuation.
-
Change in Management
- AGM on Sept. 26, 2026 regularized Satish Madhav Shenoy as Non-Executive Independent Director for five years.
-
Shareholders meeting
- Paramount Speciality Forgings held its 3rd AGM on September 26, 2026; shareholders approved routine resolutions.
Concalls
-
Jun 2026Transcript PPT REC
-
Jan 2026Transcript
Business Overview:[1][2]
PSFL started as a partnership firm by the members of Hararwala and Bhagat family.
It is engaged in manufacturing and exports of carbon steel, stainless steel, and alloy
steel forged flanges used in pipe fittings catering to the oil and gas and petrochemicals industry.
The company procures primary raw materials viz. stainless steel (SS) bars, billets, rounds and mild steel (MS) plates, rounds, etc. entirely from domestic market