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Paramount Communications Ltd share Price Today

Company details

71.82
73.95
34.15
116.85
6M Return -21.50%
1Y Return 99.72%
Mkt Cap.(Cr) 2,193.84
Volume 68,423
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 68,423

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Electrical Equipment & Products company Paramount Communications announced FY24 results:

Financial Highlights:

  • Revenue: Rs 10,706.0 million,  34.4% YoY
  • EBITDA: Rs 972.6 million, 51.5% YoY
  • PAT: Rs 856.3 million, 79.3% YoY
  • Revenue from domestic operations in FY24 amounted to Rs 7,944.8 million, showing a 100.5% YoY increase from Rs 3,961.8 million in FY23.
  • In terms of sales mix, domestic sales stood at 74.2% and exports stood at 25.8%

Operational Highlights:

  • Robust order book of Rs 4,951.6 million
  • Strong performance across product range, especially led by strong growth in Power and Railway cables. Exports continue to remain healthy as we achieve similar volumes as compared to FY23.
  • Increasing production driving economies of scale and profitability.
  • Healthy Balance sheet with debt equity ratio of 0.16 and Current Ratio of 3.40.
  • The Company is poised to become debt free during FY25 after full repayment of ARC debt of Rs 862.5 million.

Commenting on the results Sanjay Agarwal, Chairman & CEO said: “FY24 has been a remarkable year for Paramount Communications Limited. We have achieved strongest ever performance in terms of Revenue and Profitability. This year, we reached a significant milestone by surpassing Rs.1,000 crore in revenue showing a growth of 34.4% YoY. This achievement is underpinned by strong demand for our product portfolio and not only highlights the strength of our client relationships but also reaffirms our consistent delivery on commitments.

Our order book which currently stands at Rs 4,951.6 million, provides strong visibility of revenues. Paramount is optimistic about further expanding its order book, bolstered by significant support from the railway and power sectors."

"Our focus on operational excellence has led to significant improvements in our financial performance. In FY24, our EBITDA has increased to Rs 972.6 million, showcasing a growth of 51.5% growth as compared to Rs 642.0 million in FY23. This growth, coupled with an EBITDA margin of 9.0%, reflects the benefits of operating leverage and a sharp focus on cost control.

In FY24, Paramount achieved a significant milestone by substantially repaying its ARC debt and positioning itself to become debt-free by FY25, demonstrating its commitment to prudent financial management. This achievement strengthens the company's balance sheet and ensures sufficient capital to pursue growth and enhance capabilities.

Strategically positioned, Paramount is poised for strong and sustained growth, with a focus on diversifying our product range and delivering top-notch quality solutions in the wires and cables sector, while continuously innovating new products. We are prepared to leverage the anticipated increase in orders and position ourselves adeptly for potential opportunities. With these positive advancements, we remain confident in our capability to consistently deliver strong results for all our stakeholders in the times ahead.”

Result PDF

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Paramount Communications Ltd shares SWOT Analysis

Strengths (11)

  • Company with high TTM EPS Growth
  • Good quarterly growth in the recent results
  • Effectively using its capital to generate profit - RoCE improving in last 2 years

Weakness (4)

  • Promoter holding decreased by more than -2% QoQ
  • Poor cash generated from core business - Declining Cash Flow from Operations for last 2 years
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (1)

  • Highest Recovery from 52 Week Low

Threats (2)

  • Promoter decreasing their shareholding
  • Increasing Trend in Non-Core Income

Resistance and support

R1 74.0
R2 75.0
R3 76.3
Pivot

72.72

S1 71.7
S2 70.4
S3 69.4
EMA SMA
74.3
75.7
76.7
72.2
75.3
75.6
80.2
76.5
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
ELARA CAPITAL PLC (FCCB) Bulk Sell 2022-12-16 27.05 1000000 NSE
LODHA BHUPESH KUMAR Bulk Sell 2022-11-04 23.11 1000000 NSE
LODHA BHUPESH KUMAR Bulk Purchase 2022-09-02 24.17 1000000 NSE
Name Category Shares
Sanjay Aggarwal PROMOTER 4.63%
Sandeep Aggarwal PROMOTER 4.62%
Shashi Aggarwal PROMOTER 3.22%
Kamla Aggarwal PROMOTER 2.76%
Archana Aggarwal PROMOTER 2.59%
Sanjay Aggarwal (HUF)-Karta-Sanjay Aggarwal PROMOTER 0.98%
Tushar Aggarwal PROMOTER 0.57%
Parth Aggarwal PROMOTER 0.57%
Dhruv Aggarwal PROMOTER 0.57%
Sandeep Aggarwal (HUF)-Karta-Sandeep Aggarwal PROMOTER 0.53%
Paramount Telecables Limited PROMOTER 12.77%
Hertz Electricals (International) Pvt. Ltd. PROMOTER 11.11%
April Investment And Finance Private Limited PROMOTER 4.21%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Paramount Communications Ltd Stocks COMPARISON

Financials( in Cr) Paramount Communications Ltd Polycab India Ltd KEI Industries Ltd Finolex Cables Ltd R R Kabel Ltd
Price 72.30 7,275.00 4,528.30 1,631.00 1,755.40
% Change -1.03 0.20 1.24 1.19 0.15
Mcap Cr 2,193.84 109,296.69 40,863.83 24,944.35 19,804.25
Revenue TTM Cr 796.47 14,107.78 6,912.33 4,481.11 5,599.20
Net Profit TTM Cr 47.77 1,282.25 477.38 504.28 189.87
PE TTM 25.99 61.15 69.49 37.80 66.31
1 Year Return 99.72 109.87 92.76 104.00 46.52
ROCE 12.63 28.06 23.74 15.61 15.70
ROE 18.32 21.06 19.24 12.16 14.22
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 249.87 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 34,603.75 11,365.18
LAST 3M 103,254.09 -13,985.70
LAST 6M 182,650.74 -3,739.19
LAST 12M 295,819.56 101,589.49

Paramount Communications Ltd Information

Stock PE (TTM)
25.99
Promoter Holding
49.31%
Book Value
20.6356
ROCE
12.63%
ROE
18.32%
Description
  • Paramount Communications Ltd was incorporated in the year 1978 as a partnership firm under the name & Style of Paramount Cable Corporation and was promoted by Shyam Sunder Aggarwal. The Company, a part of the Paramount group of companies, is one of leading cable manufacturing companies in India. The company is engaged in manufacturing power and communication cables. They provide complete cabling solutions to almost all the sectors of the economy, such as power, telecom and information technology, railways, petrochemicals and industrial sector. The company has two manufacturing units located at Dharuhera in Haryana and Khushkhera in Rajasthan. The company offers power cables, including high tension power cables, low tension power cables, aerial bunch cables, control and instrumentation cables, thermocouple extension and compensating cables, and battery and energy cables. They also offer railway cables, including underground railway signaling cables and quad axle counter cables, optical fiber cables, and specialized instrumentation cables for underground and elevated metro projects. In addition, the company offers telecom cables, such as optical fiber cables for telecommunications; direct to home optical fiber cables for cable television; polythene insulated jelly filled cables and aerial self supporting cables for subscriber distribution networks; installation cables for digital exchanges; co-axial cables for signal distribution; and data transmission and computer cables. The company started supplying telecom cables to the Department of Telecommunications and in the year 1980, they diversified into manufacturing of power cables. In September 5, 1994, the company became a public limited company. In April 1995, the company came out with public issue for setting up a unit for the manufacture of jelly filled telephone cable with installed capacity of 600,000 conductor kilometers. In the year 1998-99, the company received ISO 9002 Certificate for their Delhi Unit. During the year 1999-2000, Paramount Wires & Cables Ltd became a subsidiary of the company. Also, they acquired Category "A" National Interest Service provider license during the year. During the year 2000-01, the company shifted their manufacturing unit at Prahladpur, Delhi to RICCO Industrial Area, Khushkhera, in Rajasthan. Also, they added 1447000 KM capacity of manufacturing Jelly Filled Telecom Cables in Khushkhera unit. In May 2001, the company increased the capacity of the Dharuhera unit from 3562000 KM to 3852000 KM per annum. During the year 2001-02, the company started commercial production ar Khushkhera unit in Rajasthan. The subsidiary company Paramount Wires & Cables Ltd has issued fresh 250000 equity shares of Rs 10 each as on March 31, 2002. After induction of fresh capital of Rs 25.00 lakh, the level of holding of the company declined from 51% to 49%. Therefore, Paramount Wires and Cables Ltd ceased to be a subsidiary company. During the year 2002-03, the company achieved ISO 14001:2000 certification for their Dharuhera plant and during the year 2003-04, they ISO 14001:2000 certification for their Khushkhera plant. During the year 2004-05, the company formed a wholly owned subsidiary M/s Paramount Gulf FZE in Dubai, UAE with an investment of USD 50,000 is to deal and trade in various commodities and to explore opportunities for export of various types of cables being manufactured by the company. During the year 2005-06, the company expanded their LT production capacity from 20,000 km to 25,000 km per annum. Also, they imported their major raw materials with nil custom duty to manufacture telecom cables resulting in good saving in raw material cost. During the year 2006-07, the company completed their first phase of expansion project. They commissioned 1,500 KM per annum HT power cable capacity at their Dharuhera unit. During the year 2007-08, the company completed their second phase of expansion project and started commercial production in February 2008. After completion of second phase expansion, the installed capacity for power cables increased to 58,500 KM per annum which includes all types of electric cables. During the year, Paramount Holdings Ltd, Cyprus became a wholly owned subsidiary of the company. The company through their subsidiary, Paramount Holdings Ltd, Cyprus acquired AEI Cables Ltd, United Kingdom, which is having their manufacturing facility at Birtley, New Castle. Also, Paramount Gulf FZE, UAE ceased to be subsidiary of the company with effect from December 31, 2007 upon their winding up with the Ajman Free Zone Authority, UAE. The company acquired 25 acres of land opposite to the existing plant of the company located in the Khushkhera Industrial Area, Rajasthan. In that land, the company is planning to set up third phase of expansion project for additional capacities of 35000 KM per annum of LT Power cables and 2500 KM per annum of HT Power cables. The said project is expected to be operational by the mid of the financial year 2008-09. The company entered into the vibrant domestic wires market with a range of cables that offer an environmentally friendly Lead Free, Zero Halogen, Low Smoke option. The Submarine Cable repairing project was executed in 2019. In 2023, the Company established two state-of-the-art facilities at Khushkhera (Rajasthan) and Dharuhera (Haryana) for the manufacturing of cables and wires. PCL`s footprint across the world led by its ability to provide quality products to its reputed customer base. PCL`s geographic footprints spans 153 dealers and 102 distributors and 415 retailers across India enabling it to serve diverse customers.

Registered Address

KH-433 Maulsari Avenue Westend, Greens Rangpuri, New Delhi, New Delhi, 110037

Email : investors:paramountcables.com
Website : http://www.paramountcables.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 530555
NSE Code : PARACABLES
Book Closure Date (Month) : Sep
BSE Group : B
ISIN : INE074B01023

FAQ’s on Paramount Communications Ltd Shares

You can buy Paramount Communications Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Paramount Communications Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 25, 2024 10:44 AM the closing price of Paramount Communications Ltd was Rs.72.30.

The latest PE ratio of Paramount Communications Ltd as of Jun 25, 2024 10:44 AM is 25.99

The latest PB ratio of Paramount Communications Ltd as of Jun 25, 2024 10:44 AM is 0.28

The 52-week high of Paramount Communications Ltd share price is Rs. 116.85 while the 52-week low is Rs. 34.15

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 25, 2024 10:44 AM, the market cap of Paramount Communications Ltd stood at Rs. 2,193.84 Cr.

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