Paramount Communications Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 31 May 2026 | Industrial Products | Market Cap: ₹2.1K Cr
Paramount aims to reach INR 5,000 crores revenue in the next five years, doubling every 3-4 years as done in the past (Page 21). - With existing capacity plus Narmadapuram Phase 1, expected peak revenues are around INR 3,600-4,000 crores; Phase 2 expansion will push capacity beyond INR 5,000 crores (Page 21). - The new greenfield project at Narmadapuram (INR 300 crore investment) targets INR 1,200 crores revenue by FY29 (Page 19). - FY27 growth guidance: 15-20% top-line growth with at least 10% volume growth, aiming to restore pre-tariff margin levels (Page 18). - Domestic business grew 27% in FY26 with an 87% domestic order book share and record power cable orders growing 66% YoY (Page 7). - U.S. Paramount aims to reach INR 5,000 crores in revenue within the next five years, doubling every 3-4 years, consistent with historical growth. - New plant at Narmadapuram is expected to generate revenues of INR 1,200 crores by FY29 with 9-10% EBITDA margins initially, improving over time. - Overall margins are expected to normalize and reach double-digit levels within 3-4 years. - FY27 expected to see 15-20% top-line growth and 10% volume growth, with margins recovering to pre-U.S.
From Paramount Communications Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹62.5
Market Cap
₹2.1K Cr
P/E Ratio
35.0
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Paramount Communications Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹573 Cr, net profit ₹21 Cr.
Full financials →📊 Revenue & Sales Performance
- →Paramount aims to reach INR 5,000 crores revenue in the next five years, doubling every 3-4 years as done in the past (Page 21).
- →With existing capacity plus Narmadapuram Phase 1, expected peak revenues are around INR 3,600-4,000 crores; Phase 2 expansion will push capacity beyond INR 5,000 crores (Page 21).
- →The new greenfield project at Narmadapuram (INR 300 crore investment) targets INR 1,200 crores revenue by FY29 (Page 19).
- →FY27 growth guidance: 15-20% top-line growth with at least 10% volume growth, aiming to restore pre-tariff margin levels (Page 18).
- →Domestic business grew 27% in FY26 with an 87% domestic order book share and record power cable orders growing 66% YoY (Page 7).
- →U.S. business expected to normalize soon with strong demand revival post-tariff disruption (Pages 17-18).
- →Capacity constraints addressed through ongoing Capex; existing plants near optimal utilization; future growth from new plant (Page 18, 10).
📈 Profitability & Margins
- →Paramount aims to reach INR 5,000 crores in revenue within the next five years, doubling every 3-4 years, consistent with historical growth.
- →New plant at Narmadapuram is expected to generate revenues of INR 1,200 crores by FY29 with 9-10% EBITDA margins initially, improving over time.
- →Overall margins are expected to normalize and reach double-digit levels within 3-4 years.
- →FY27 expected to see 15-20% top-line growth and 10% volume growth, with margins recovering to pre-U.S. tariff levels (around FY25 levels).
- →The company expects steady margin improvement driven by new product introductions, U.S. market recovery, growth in power and renewable segments, and scale benefits.
- →Payback on new plant investment expected in 3-4 years.
- →Earnings per share (EPS) have grown at a 64.6% CAGR over four years; continued margin and revenue growth support further EPS improvement.
🏗️ Capital Expenditure Plans
- →Paramount is undertaking a greenfield project at Narmadapuram, Madhya Pradesh.
- →Total planned investment for this project is approximately INR 300 crores by FY28.
- →Operations are expected to partially commence in Q1 FY28 and ramp up through FY28.
- →Targeted sales from Narmadapuram are INR 500 crores in FY28, scaling to INR 1,200 crores by FY29.
- →The project focuses on extra high voltage cables (up to 132 kV), specialized transmission conductors, elastomeric EBeam cables, and EPR cables.
- →Funding for this Capex will come from a recent equity raise, internal accruals, and a modest amount of debt.
- →Additional investment in Phase 2 of this site is planned, which will further increase capacity and improve asset turns.
- →Paramount aims to achieve INR 5,000 crores revenue in the next five years through this and other capacity expansions.
💰 Fundraising & Capital Structure
- →Paramount is raising equity as part of a modest portion of overall investments.
- →For the INR 300 crore new project, approx. INR 122 crore equity is being raised, with promoters contributing INR 30 crore and INR 92 crore coming from investors.
- →Internal accruals and some modest amount of debt will also be used for funding.
- →The company currently has a very low net debt-to-equity ratio; total debt is around INR 110 crore against working capital limits.
- →Equity raising is to achieve a well-diversified investment mix, not significant dilution.
- →Working capital needs are expected to be financed through bank debt.
- →No specific new large debt or equity fundraising beyond this mentioned INR 300 crore project at this time.
📋 Order Book & Pipeline
- →The company typically maintains an order book with a delivery horizon of three to four months, avoiding long-term firm-price orders to mitigate copper and aluminum price volatility risks.
- →In Q4 FY26, the top line was INR 573 crores, with about 85% coming from domestic business, indicating a strong scaling up despite capacity constraints.
- →Paramount has been operating near full capacity for several years, with investments of INR 50-55 crores annually over the past three years, and fully utilizing added capacity each year.
- →The recent equity raise and capacity expansion (notably the Narmadapuram greenfield project) aim to support scaling up to meet demand.
- →The company experiences sudden spikes in dispatches and deliveries toward quarter-ends, which can temporarily inflate receivables but does not reflect deterioration in order quality or collections.
- →Export demand, especially from the U.S., is expected to stabilize and improve from Q2 FY27 onwards, enhancing order intake.
Key Metrics
Frequently Asked Questions
What were Paramount Communications Ltd Q4 FY26 results?
Paramount aims to reach INR 5,000 crores revenue in the next five years, doubling every 3-4 years as done in the past (Page 21). - With existing capacity plus Narmadapuram Phase 1, expected peak revenues are around INR 3,600-4,000 crores; Phase 2 expansion will push capacity beyond INR 5,000 crores (Page 21). - The new greenfield project at Narmadapuram (INR 300 crore investment) targets INR 1,200 crores revenue by FY29 (Page 19). - FY27 growth guidance: 15-20% top-line growth with at least 10% volume growth, aiming to restore pre-tariff margin levels (Page 18). - Domestic business grew 27% in FY26 with an 87% domestic order book share and record power cable orders growing 66% YoY (Page 7). - U.S. Paramount aims to reach INR 5,000 crores in revenue within the next five years, doubling every 3-4 years, consistent with historical growth. - New plant at Narmadapuram is expected to generate revenues of INR 1,200 crores by FY29 with 9-10% EBITDA margins initially, improving over time. - Overall margins are expected to normalize and reach double-digit levels within 3-4 years. - FY27 expected to see 15-20% top-line growth and 10% volume growth, with margins recovering to pre-U.S.
What is Paramount Communications Ltd share price analysis?
Paramount Communications Ltd currently shows a neutral. The stock trades at a P/E of 35.0 with a market cap of ₹2,136 Cr. Investors should review the full earnings analysis for detailed insights.
Is Paramount Communications Ltd planning capital expenditure?
Paramount is undertaking a greenfield project at Narmadapuram, Madhya Pradesh.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.