Paramount Speciality Forgings Ltd
Incorporated in 1994, Paramount Speciality Forgings Limited is a manufacturer of steel forgings in India, offering a diverse range of forged products.[1]
- Market Cap ₹ 60.7 Cr.
- Current Price ₹ 30.8
- High / Low ₹ 78.0 / 28.2
- Stock P/E 12.0
- Book Value ₹ 27.5
- Dividend Yield 0.00 %
- ROCE 12.5 %
- ROE 11.9 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.12 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 52 | 88 | 110 | 103 | 110 | 121 | |
| 46 | 84 | 105 | 90 | 101 | 112 | |
| Operating Profit | 6 | 3 | 6 | 13 | 9 | 9 |
| OPM % | 12% | 4% | 5% | 13% | 8% | 7% |
| 0 | 5 | 2 | 1 | 1 | 2 | |
| Interest | 2 | 1 | 1 | 2 | 2 | 2 |
| Depreciation | 5 | 3 | 3 | 4 | 1 | 2 |
| Profit before tax | -1 | 4 | 4 | 8 | 6 | 7 |
| Tax % | -51% | 18% | 23% | 29% | 24% | |
| -0 | 3 | 3 | 5 | 4 | 5 | |
| EPS in Rs | 3.63 | 2.27 | 2.57 | |||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 8% |
| TTM: | 22% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 260% |
| TTM: | 33% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -53% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 17% |
| Last Year: | 12% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 15 | 20 | 20 |
| Reserves | 17 | 20 | 16 | 8 | 32 | 34 |
| 16 | 12 | 20 | 25 | 29 | 26 | |
| 16 | 23 | 36 | 33 | 35 | 31 | |
| Total Liabilities | 49 | 54 | 72 | 81 | 116 | 112 |
| 14 | 12 | 11 | 10 | 13 | 12 | |
| CWIP | 0 | 0 | 0 | 0 | 1 | 9 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 35 | 42 | 61 | 70 | 103 | 91 | |
| Total Assets | 49 | 54 | 72 | 81 | 116 | 112 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 1 | 4 | -0 | -4 | -3 | |
| -0 | 3 | -1 | 0 | -10 | |
| -2 | -5 | 0 | 4 | 27 | |
| Net Cash Flow | -1 | 1 | -1 | -0 | 14 |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 61 | 53 | 57 | 58 | 68 |
| Inventory Days | 222 | 105 | 142 | 228 | 252 |
| Days Payable | 176 | 106 | 155 | 163 | 168 |
| Cash Conversion Cycle | 106 | 52 | 44 | 123 | 152 |
| Working Capital Days | 17 | 24 | 10 | 40 | 54 |
| ROCE % | 3% | 15% | 23% | 12% |
Documents
Announcements
-
Press Release
17 November 2025 - Unaudited H1 FY26: revenue +23%, PAT +37%; revenue ₹4,733.82 lakh; order book ~₹50 crore; solar project Dec 2025.
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Statement of deviation(s) or variation(s) under Reg. 32
13 November 2025 - Reg 32 statement: IPO proceeds ₹32.34 crore; no deviation; ₹19.45 crore utilized by 30 Sep 2025.
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Outcome of Board Meeting
13 November 2025 - Board approved unaudited standalone H1 results for Sep 30, 2025; limited review and utilisation certificate attached.
-
Outcome of Board Meeting
13 November 2025 - Board approved unaudited standalone H1 FY2026 results and auditor-certified utilisation/deviation statement on Nov 13, 2025.
-
Structural Digital Database
30 October 2025 - SDD compliance certificate submitted for quarter ended September 30, 2025 by Paramount Speciality Forgings.
Product Portfolio[1] The company manufactures a range of forged products, which include Tube Sheet Blanks, Forged Rings, Spacers, Girth Flanges, Tyre Rings, Self-reinforced nozzles, Long weld neck flanges, Seats, Valve bodies, Bonnet, etc.