Is Paramount Communications a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Paramount Communications Ltd is a average quality company .

Is Paramount Communications undervalued or overvalued?

The key valuation ratios of Paramount Communications Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Paramount Communications share price return in the past 10 years?

Paramount Communications Ltd share price has appreciated 44.8% annually (CAGR) over the past ten years.

Is Paramount Communications a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Paramount Communications Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of Paramount Communications?

The latest standalone P/E ratio of Paramount Communications as of 26-Apr-2024 is 33.96.

What is the P/B ratio of Paramount Communications?

The latest standalone P/B ratio of Paramount Communications as of 26-Apr-2024 is 3.61.

Paramount Communications Ltd - Stock Valuation and Financial Performance

Name: Paramount Communications
Brand: Paramount Communications

BSE: 530555 | NSE: PARACABLES | Cable | Small Cap

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Paramount Communicat Share Price

₹77 -0.82 -1.05%
as on 26-Apr'24 10:26

10 Year X-Ray of Paramount Communicat:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	-17.8%	-28.6%	-72.1%	-31.2%	-0.7%	10.8%	9.2%	2%	3%	10.7%	-
Value Creation Index ⓘ	NA	NA	NA	NA	-1.1	-0.2	-0.4	-0.9	-0.8	-0.2	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	409	452	309	316	433	614	606	519	581	796	938
Sales YoY Gr.	-	10.5%	-31.5%	2%	37.3%	41.9%	-1.3%	-14.4%	11.9%	37.1%	-
Adj EPS ⓘ	-6.4	-8.1	-9.7	-3.8	-0.3	1.7	1.4	0.1	0.4	2	2.3
YoY Gr.	-	NA	NA	NA	NA	NA	-16.1%	-90.1%	157.1%	461.1%	-
BVPS (₹) ⓘ	-9.5	-17.8	-27.5	-0.9	6	8.2	9.9	9.9	10.4	12.9	21.6
Adj Net Profit ⓘ	-80.4	-102	-121	-47.1	-4.8	28.9	26.1	2.7	7	39.2	70
Cash Flow from Ops. ⓘ	32.8	12.7	138	52.2	20.1	-17.6	13.8	14.3	14.6	11.1	-
Debt/CF from Ops. ⓘ	10.4	31.4	2.5	4.1	10.1	-11.9	14.2	13.2	11.9	14.2	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	7.7%	13%	9.5%	37.1%
Adj EPS ⓘ	NA	NA	12.7%	461.1%
BVPSⓘ	NA	16.4%	9.2%	23.9%
Share Price	44.8%	42.5%	105.7%	106.8%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	170	62.6	44.2	27.2	-12.9	25.4	16.1	1.5	3.5	15.8	13.3
Op. Profit Mgn % ⓘ	-4.8	-7.3	-13.2	-15.1	-1.2	4.5	7.4	3.2	3.5	6	7.7
Net Profit Mgn % ⓘ	-19.7	-22.5	-39.2	-14.9	-1.1	4.7	4.3	0.5	1.2	4.9	7.4
Debt to Equity ⓘ	-3.1	-1.9	-1	-18.7	2.4	1.5	1.1	1	0.9	0.6	-
Working Cap Days ⓘ	272	206	247	197	168	168	203	232	201	153	84
Cash Conv. Cycle ⓘ	242	178	203	140	96	90	116	138	126	101	55

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 13.30%

Net Profit is growing at healthy rate in last 3 years 12.73%

Debt to equity has declined versus last 3 years average to 0.63

Sales growth is good in last 4 quarters at 20.73%

Sales growth has been subdued in last 3 years 9.53%

Latest Financials - Paramount Communications Ltd.

	Standalone	Consolidated
TTM EPS (₹)	2.3	2.3
TTM Sales (₹ Cr.)	938	949
BVPS (₹.) ⓘ	21.6	21.6
Reserves (₹ Cr.) ⓘ	595	595
P/BV ⓘ	3.61	3.61
PE ⓘ	33.96	33.88

From the Market
52 Week Low / High (₹)	34.07 / 116.70
All Time Low / High (₹)	0.21 / 116.70
Market Cap (₹ Cr.)	2,367
Equity (₹ Cr.)	60.7
Face Value (₹)	2
Industry PE ⓘ	50.7

Management X-Ray of Paramount Communicat:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

32.89

26.52

* Pledged shares as % of Promoter's holding (%)

Valuation of Paramount Communicat

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Paramount Communicat

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	409	452	309	316	433	614	606	519	581	796
Operating Expenses ⓘ	428	486	353	363	438	587	561	503	561	749
Manufacturing Costs	33	34	33	35	51	59	65	52	69	122
Material Costs	362	421	283	284	350	470	452	413	454	583
Employee Cost	13	12	13	15	16	17	21	20	23	21
Other Costs ⓘ	20	20	24	29	22	41	23	17	15	22
Operating Profit ⓘ	-20	-35	-44	-48	-5	28	45	16	20	48
Operating Profit Margin (%)	-4.8%	-7.7%	-14.2%	-15.1%	-1.2%	4.5%	7.4%	3.2%	3.5%	6.0%
Other Income ⓘ	2	2	2	4	6	18	3	3	4	16
Interest ⓘ	42	61	74	20	4	8	11	7	6	7
Depreciation ⓘ	11	9	9	10	9	9	11	9	10	9
Exceptional Items ⓘ	-34	0	2	87	27	0	0	0	0	0
Profit Before Tax ⓘ	-103	-103	-122	15	15	29	26	3	8	48
Tax ⓘ	0	0	0	0	0	0	0	0	0	0
Profit After Tax	-103	-103	-122	15	15	29	26	3	8	48
PAT Margin (%)	-25.3%	-22.8%	-39.5%	4.7%	3.4%	4.7%	4.3%	0.6%	1.4%	6.0%
Adjusted EPS (₹)	-8.3	-8.2	-9.8	1.2	1.0	1.7	1.4	0.2	0.4	2.5
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	-111	-214	-335	-11	86	141	182	193	202	250
Share Capital ⓘ	33	33	33	25	29	34	37	39	39	39
Reserves ⓘ	-144	-247	-368	-36	58	107	145	154	163	211
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	297	331	269	210	198	197	185	174	158	112
Long Term Debt	150	116	89	188	188	196	185	174	157	112
Short Term Debt	148	215	180	22	9	1	0	0	0	0
Trade Payables	82	33	57	19	91	103	109	67	84	40
Others Liabilities ⓘ	138	204	323	103	15	27	36	37	38	102
Total Liabilities ⓘ	407	354	313	321	390	469	512	471	481	504
Fixed Assets
Gross Block	180	184	186	147	149	160	183	188	191	184
Accumulated Depreciation	93	103	112	10	19	28	38	46	56	56
Net Fixed Assetsⓘ	88	81	75	138	130	132	145	142	135	128
CWIP ⓘ	0	0	0	0	0	0	0	0	0	0
Investmentsⓘ	3	0	0	0	0	0	0	0	0	10
Inventories	149	76	54	13	28	78	109	100	115	113
Trade Receivables	139	157	134	116	189	213	207	167	174	169
Cash Equivalents	12	17	28	16	19	12	16	21	14	30
Others Assetsⓘ	17	23	23	38	24	33	35	41	43	54
Total Assets ⓘ	407	354	313	321	390	469	512	471	481	504

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	33	13	138	52	20	-18	14	14	15	11
PBT ⓘ	-70	-103	-124	-73	-12	29	26	3	8	48
Adjustment ⓘ	57	74	87	36	10	14	17	11	12	12
Changes in Working Capital ⓘ	80	42	174	1	-6	-60	-28	2	-5	-51
Tax Paid ⓘ	0	0	-1	0	1	-1	-1	-2	0	2
Cash Flow From Investing Activity ⓘ	24	0	-1	2	1	-8	-6	-3	-1	-16
Capex	-1	-3	-1	-1	-2	-11	-8	-5	-3	-8
Net Investments	0	0	0	0	0	0	0	0	0	-10
Others ⓘ	26	3	0	3	3	3	2	2	2	2
Cash Flow From Financing Activityⓘ	-55	-7	-127	-53	-18	25	-8	-5	-19	22
Net Proceeds from Shares ⓘ	-23	0	0	0	9	26	15	7	0	0
Net Proceeds from Borrowing ⓘ	-6	-13	-18	0	0	0	0	0	0	0
Interest Paid ⓘ	-42	-61	-74	-18	-4	-8	-9	-6	-5	-7
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	15	67	-35	-35	-23	7	-14	-7	-14	28
Net Cash Flow ⓘ	2	6	10	1	4	-1	0	6	-6	17

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	N/A	N/A	N/A	N/A	39.34	25.62	16.29	1.65	4.16	21.15
ROCE (%)	N/A	N/A	N/A	N/A	7.78	11.6	10.12	2.67	3.85	13.25
Asset Turnover Ratio	0.99	1.31	1.03	1.1	1.24	1.43	1.24	1.06	1.22	1.62
PAT to CFO Conversion(x)	N/A	N/A	N/A	3.47	1.33	-0.62	0.54	4.67	1.88	0.23
Working Capital Days
Receivable Days	130	109	154	130	126	119	127	132	107	78
Inventory Days	129	83	69	35	17	31	56	74	67	52
Payable Days	19	14	24	30	58	76	86	78	61	39

Paramount Communications Ltd Stock News

Paramount Communications Ltd FAQs

What is the share price of Paramount Communicat?

Company share prices are keep on changing according to the market conditions. The closing price of Paramount Communicat on 26-Apr-2024 10:26 is ₹77.00.

What is the market cap of Paramount Communicat?

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 26-Apr-2024 10:26 the market cap of Paramount Communicat stood at ₹2,366.8.

What is the P/E ratio of Paramount Communicat?

The latest P/E ratio of Paramount Communicat as of 26-Apr-2024 10:26 is 33.96.

What is the P/B ratio of Paramount Communicat?

The latest P/B ratio of Paramount Communicat as of 26-Apr-2024 10:26 is 3.61.

What is the 52-week high and low of Paramount Communicat?

The 52-week high of Paramount Communicat is ₹116.7 and the 52-week low is ₹34.07.

What is the TTM revenue of Paramount Communicat?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Paramount Communicat is ₹938.2 ( Cr.) .

About Paramount Communications Ltd

S S Aggarwal launched Paramount Cables in the year 1955 by setting up a small cable manufacturing unit as a family venture along with his brothers. In the year 1978 he established a new unit under the name of Paramount Cable Corporation which started supplying telecom cables to the Department of Telecommunications.

This unit grew into one of the largest cable makers in India and was converted into a company, Paramount Communications Ltd in the year 1994. Today Paramount Communications Ltd along with its group company Paramount Wires and Cables ltd is one of the largest cable manufacturing companies in India. With a wide product basket and superior technical expertise paramount caters to the requirement of several national and international customers from almost all the sectors of the economy.

Paramount caters to a wide range of industries with an equally wide range of technologically advanced cables, cords and wires for Telecommunication, Railways, Space Research, Thermal & Nuclear Power Plants, Petrochemical, Fertilizers, Steel, Electronics and various other industries.

Paramount Cables has always laid major emphasis on keeping abreast with the latest international developments, focusing and adapting technology to create multi-faceted, need-based products for utilization in various spheres of industrial activity.

The company has two manufacturing plants located in Khushkhera, Rajasthan and Dharuhera, Haryana respectively. Both plants are awarded ISO 9001 and ISO 14001 certificates.

Products range of the company includes:

Power Cables-

HT Power Cables
LT Power Cables
Aerial Bunch Cables
Control Cables
Instrumentation Cables
Thermocouple Cables

Railway Cables

Paramount Cables is among the few Cable companies who manufacture the following types of cables for Indian Railway .
Underground Railway Signaling Cables
Underground Railway Quad Axle Counter Cables
Optical Fiber Cables
Power Cables
Specialized Instrumentation cables for underground and elevated Metro Projects

Telecom Cables

Optical Fiber Cables
Jelly Filled Cables
Aerial Telecom Cables
Buried Service Wire
Installation Cables

Achievements/ Recognition:

The company has been awarded ISO 9001 and 14001 by Moody International, bearing eloquent testimony to the stringent quality that is the hallmark of Paramount products.
Indian Specifications- Bureau of Indian Standards (BIS), Indian Railway Specifications (IRS), Indian Telecom Department (ITD), Telecom Engineering Centre (TEC) and Engineers India Ltd. (EIL) etc.
International Specifications- British Standard Specifications (BSS), American Standard for Testing Methods (ASTM), International Electro Technical Committee Specifications (IEC) and Vereingte Deutsche Elktrotechniker (VDE) etc.
Paramount is also licensed by the Bureau of Indian Standards (BIS) to mark its products with IS7098 Part1 (for XLPE Power Cables), IS 14255 (for Aerial Bunch Cables), IS 694 (for unarmored PVC Cables) and IS 1554 PArt1 (for armored PVC Cables up to 1.1 KV).

Clientele

The clients of the company includes, Power Grid Corporation of India Ltd (PGCIL), National Thermal Power Corporation (NTPC), Bharat Heavy Electricals Ltd (BHEL), Department of Atomic Energy, Govt. of India, Indian Oil Corporation Limited (IOCL) and many more.