Paramount Communications Ltd Stock Analysis

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

BSE Share Price 29-Nov-2022 18:01
21.55 -1.10 (-4.86%)

DeciZen - Make an Informed Decision on Paramount Communicat

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Paramount Communicat Price Chart

P/E Ratio (SA) :
16.14
Market Cap :
439.8 Cr.
52-wk low :
9.6
52-wk high :
28
Bole Toh?

1. Is Paramount Communications Ltd a good quality company?

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

2. Is Paramount Communications Ltd 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.

3. Is Paramount Communications Ltd 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.

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Paramount Communications Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % -0.1%-17.8%-28.6%-72.1%-31.2%-0.7%10.8%9.2%2%3%-
Value Creation Index -1.0NANANANA-1.1-0.2-0.4-0.9-0.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 468409452309316433614606519581723
YoY Gr. Rt. %--12.6%10.5%-31.5%2%37.3%41.9%-1.3%-14.4%11.9%-
Adj EPS -2.5-6.4-8.1-9.7-3.8-0.31.71.40.10.41.4
YoY Gr. Rt. %-NANANANANANA-16.1%-90.1%157.1%-
BVPS (₹) 0.6-9.5-17.8-27.5-0.968.29.99.910.411.4
Adj Net Profit -31.4-80.4-102-121-47.1-4.828.926.12.7727
Cash Flow from Ops. 59.132.812.713852.220.1-17.613.814.314.6-
Debt/CF from Ops. 5.610.431.42.54.110.1-11.914.213.211.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 2.4%13%-1.9%11.9%
Adj EPS NANA-40.2%157.1%
BVPS 36.808.14.5
Share Price 27.2% 12.7% 37.7% 112.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % -289.217062.644.227.2-12.925.416.11.53.512.8
Op. Profit Mgn % 2.6-4.8-7.3-13.2-15.1-1.24.57.43.23.54.8
Net Profit Mgn % -6.7-19.7-22.5-39.2-14.9-1.14.74.30.51.23.8
Debt to Equity 21.3-3.1-1.9-1-18.72.41.51.110.90.7
Working Cap Days 256272206247197168168203232201147
Cash Conv. Cycle 223242178203140969011613812698

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 12.80%

Debt to equity has declined versus last 3 years average to 0.87

Sales growth is good in last 4 quarters at 35.62%

Sales growth has been subdued in last 3 years -1.85%

Net Profit has been subdued in last 3 years -40.16%

Latest Financials - Paramount Communications Ltd.

Standalone Consolidated
TTM EPS (₹) 1.4 1.4
TTM Sales (₹ Cr.) 723 723
BVPS (₹.) 11.4 11.4
Reserves (₹ Cr.) 183 183
P/BV 1.98 1.98
PE 16.14 16.14
From the Market
52 Week Low / High (₹) 9.63 / 28.00
All Time Low / High (₹) 0.21 / 63.00
Market Cap (₹ Cr.) 440
Equity (₹ Cr.) 38.8
Face Value (₹) 2
Industry PE 28.9

Management X-Ray of Paramount Communicat :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *35.8635.8635.8832.8932.8932.8932.8932.8932.8932.89
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Paramount Communicat

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Paramount Communications Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Paramount Communicat on 29-Nov-2022 18:01 is : 21.55.
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 29-Nov-2022 18:01 the market cap of Paramount Communicat stood at ₹ 439.8.
The latest PE ratio of Paramount Communicat as of 29-Nov-2022 18:01 is 16.14.
The latest PB ratio of Paramount Communicat as of 29-Nov-2022 18:01 is 1.98
The 52-week high of Paramount Communicat is ₹ 28.00 and the 52-week low is ₹ 9.63.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Paramount Communicat is ₹ 722.8 ( 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.

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