Paramount Communications Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹2,012 Cr
- P/E
- 33.01
- ROE
- 8.01%
- PEG
- 4.26
- Price to sales
- 1.01
- Debt to equity
- 0.16
- 52W high / low
- ₹74.1 / ₹28.6
- Sales growth (5Y)
- 29.85%
- EBITDA margin
- 4.31%
- Net profit margin
- 3.13%
- Promoter holding
- 45.87%
- Sales (last year)
- ₹1,992 Cr
Paramount Communications Ltd is engaged in manufacturing of Wires and Cables comprising of power cables, telecom cables, railway cables and specialised cables. [1]
Guidance scorecard · Q2 FY27 call
What Paramount Communications Ltd's management guided
and where it ranks in Industrial Products
Industrial Products
RevenueQ1 FY27 call
20–40%- Q1 FY27 revenue grew 17.4% YoY to INR 529.4 crores; QoQ declined 7.7% due to typical annual trends.
- Expect 15%-20% revenue growth in current year (FY27) from existing plants operating at near 100% capacity.
- Narmadapuram plant (greenfield facility) to partly commence operations in Q1 FY28, targeting ~INR 500 crores revenue in FY28.
- Narmadapuram plant expected to scale up to INR 1,200 crores revenue by FY29.
- Long-term target is to cross INR 5,000 crores in revenues by FY31, with potential to exceed this.
2 more points from Paramount Communications Ltd's call on revenue
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MarginsQ1 FY27 call
Up 2%+See what Paramount Communications Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Paramount is executing a significant greenfield expansion project at Narmadapuram, Madhya Pradesh, which will be their third manufacturing facility.
- Most critical machinery for Narmadapuram has been ordered, with civil construction mobilized; operations expected to begin partly in Q1 FY28.
- Targeted revenue from Narmadapuram plant is approximately INR 500 crores in FY28, scaling up to INR 1,200 crores by FY29.
- The Phase 1 capex for Narmadapuram is around INR 300 crores; it includes new products like E-Beam cables with longer gestation but higher margins.
- Funding mix includes recent equity raised (~INR 122 crores), internal accruals, and modest debt, aiming to keep debt-equity below 0.3x after project completion.
2 more points from Paramount Communications Ltd's call on capex
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FundraisingQ1 FY27 call
PlannedSee what Paramount Communications Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- As of June 30, 2026, Paramount Communications' order book stood at INR 615 crores, up from INR 583 crores in March 2026.
- Domestic orders amounted to INR 518 crores while export orders were INR 97 crores.
- Power cable orders made up INR 455 crores, approximately 74% of the total order book, showing 27% YoY growth.
- The company maintains a policy of only accepting firm price orders with delivery within three to four months to mitigate metal price volatility risk.
- Export order books are kept smaller due to cautious distributor sentiments post last year's tariff disruptions.
2 more points from Paramount Communications Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Products
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Industrial Products companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹532 Cr | 21.2 | |
| 2 | 40%+ | Up 2%+ | ₹450 Cr | 13.2 | |
| 3 | 40%+ | Up 2%+ | ₹371 Cr | 26.1 | |
| 4 | 40%+ | Up 0–2% | ₹1,340 Cr | 32.9 | |
| 5 | 40%+ | Up 0–2% | ₹1,196 Cr | 14.1 | |
| 6 | 40%+ | Flat | ₹966 Cr | 25.0 |
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Pro shows every company guiding 40%+ revenue growth →Full Industrial Products rankingFinancials of Paramount Communications Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Paramount Communications Ltd
Shareholding breakup across reporting periods.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 53.51% | 49.31% | 49.31% | 49.06% | 49.06% | 49.06% | 49.06% | 49.06% | 49.12% | 49.19% | 49.19% | 45.88% |
| FIIs + | 7.60% | 6.98% | 7.10% | 2.21% | 0.74% | 0.83% | 0.39% | 0.45% | 0.29% | 0.51% | 0.49% | 1.89% |
| DIIs + | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% | 0.00% | 0.08% | 0.07% | 0.07% | 0.11% | 0.11% | 4.13% |
| Government + | 0.00% | 0.00% | 0.00% | 0.00% | 1.70% | 1.70% | 1.70% | 1.70% | 1.70% | 1.70% | 1.70% | 1.58% |
| Public + | 38.89% | 43.71% | 43.58% | 48.72% | 48.48% | 48.42% | 48.78% | 48.73% | 48.83% | 48.49% | 48.54% | 46.52% |
| No. of Shareholders | 70,897 | 97,446 | 1,05,504 | 1,40,320 | 1,47,816 | 1,49,144 | 1,48,262 | 1,46,552 | 1,43,928 | 1,38,511 | 1,32,072 | 1,28,250 |
Financials of Paramount Communications Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 252 | 284 | 323 | 321 | 356 | 392 | 507 | 451 | 428 | 461 | 573 | 529 | 560 |
| Expenses + | 231 | 260 | 296 | 294 | 325 | 358 | 475 | 436 | 422 | 446 | 543 | 495 | 519 |
| Operating Profit | 21 | 24 | 27 | 27 | 31 | 34 | 32 | 15 | 6 | 15 | 30 | 35 | 41 |
| OPM % | 8% | 8% | 8% | 8% | 9% | 9% | 6% | 3.4% | 1.4% | 3.3% | 5% | 7% | 7% |
| Other Income + | 2 | 2 | 3 | 3 | 2 | 4 | 2 | 18 | 20 | 5 | 9 | 3 | 4 |
| Interest | 1 | 1 | 1 | 1 | 2 | 4 | 5 | 4 | 4 | 6 | 8 | 7 | 8 |
| Depreciation | 2 | 2 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Profit before tax | 20 | 22 | 26 | 26 | 29 | 31 | 25 | 25 | 18 | 10 | 27 | 27 | 32 |
| Tax % | 0% | 0% | -14% | 2% | 30% | 26% | 26% | 27% | 26% | 28% | 25% | 26% | 25% |
| Net Profit + | 19 | 22 | 29 | 25 | 20 | 23 | 19 | 18 | 13 | 7 | 21 | 20 | 24 |
| EPS in Rs | 0.82 | 0.79 | 0.97 | 0.83 | 0.67 | 0.74 | 0.61 | 0.61 | 0.43 | 0.25 | 0.67 | 0.65 | 0.74 |
Financials of Paramount Communications Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 451 | 308 | 314 | 433 | 614 | 606 | 518 | 580 | 794 | 1,068 | 1,574 | 1,911 | 2,124 |
| Expenses + | 486 | 351 | 362 | 436 | 571 | 561 | 501 | 559 | 746 | 978 | 1,450 | 1,845 | 2,003 |
| Operating Profit | -35 | -44 | -48 | -3 | 42 | 45 | 17 | 20 | 48 | 89 | 123 | 67 | 121 |
| OPM % | -8% | -14% | -15% | -0.6% | 7% | 7% | 3.2% | 3.5% | 6% | 8% | 8% | 3.5% | 6% |
| Other Income + | 4 | 2 | 92 | 31 | 3 | 3 | 3 | 4 | 16 | 8 | 11 | 51 | 21 |
| Interest | 61 | 74 | 20 | 4 | 8 | 11 | 7 | 6 | 7 | 6 | 11 | 21 | 28 |
| Depreciation | 9 | 9 | 10 | 9 | 9 | 11 | 9 | 10 | 9 | 9 | 12 | 15 | 17 |
| Profit before tax | -101 | -124 | 15 | 15 | 29 | 26 | 3 | 8 | 48 | 82 | 111 | 81 | 97 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | -4% | 22% | 26% | |
| Net Profit + | -101 | -124 | 15 | 15 | 29 | 26 | 3 | 8 | 48 | 86 | 87 | 60 | 72 |
| EPS in Rs | -8.06 | -9.89 | 1.17 | 1.03 | 1.70 | 1.43 | 0.16 | 0.42 | 2.46 | 2.82 | 2.85 | 1.96 | 2.31 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Paramount Communications Ltd
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 25 | 25 | 25 | 29 | 34 | 37 | 39 | 39 | 39 | 61 | 61 | 61 | 65 |
| Reserves | -246 | -368 | -36 | 58 | 107 | 145 | 154 | 163 | 256 | 565 | 656 | 717 | 855 |
| Borrowings + | 405 | 354 | 217 | 203 | 210 | 210 | 202 | 187 | 160 | 103 | 33 | 123 | 139 |
| Other Liabilities + | 171 | 297 | 116 | 101 | 118 | 120 | 76 | 93 | 49 | 97 | 157 | 228 | 190 |
| Total Liabilities | 355 | 308 | 321 | 390 | 469 | 512 | 471 | 481 | 504 | 827 | 908 | 1,129 | 1,249 |
| Fixed Assets + | 81 | 75 | 138 | 130 | 132 | 145 | 142 | 135 | 128 | 169 | 221 | 260 | 258 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 4 | 0 | 4 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10 | 56 | 0 | 0 | 26 |
| Other Assets + | 274 | 233 | 183 | 260 | 337 | 367 | 329 | 346 | 366 | 600 | 683 | 868 | 961 |
| Total Assets | 355 | 308 | 321 | 390 | 469 | 512 | 471 | 481 | 504 | 827 | 908 | 1,129 | 1,249 |
Financials of Paramount Communications Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 14 | 138 | 52 | 20 | -18 | 14 | 14 | 15 | 11 | -101 | 104 | -38 |
| Cash from Investing Activity + | -2 | -1 | 2 | 1 | -8 | -6 | -3 | -1 | -16 | -96 | -1 | -51 |
| Cash from Financing Activity + | -7 | -127 | -53 | -18 | 25 | -8 | -5 | -19 | 22 | 183 | -84 | 70 |
| Net Cash Flow | 5 | 10 | 1 | 4 | -1 | -0 | 6 | -6 | 17 | -13 | 19 | -19 |
| Free Cash Flow | 11 | 137 | 51 | 18 | -28 | 6 | 9 | 12 | 3 | -153 | 44 | -91 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -41% | -316% | -109% | -699% | -40% | 33% | 98% | 72% | 18% | -112% | 98% | -37% |
Financials of Paramount Communications Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 128 | 152 | 135 | 159 | 127 | 125 | 118 | 109 | 78 | 86 | 47 | 79 |
| Inventory Days | 65 | 69 | 17 | 29 | 60 | 88 | 88 | 92 | 71 | 108 | 97 | 72 |
| Days Payable | 28 | 66 | 25 | 95 | 80 | 88 | 59 | 67 | 25 | 39 | 43 | 50 |
| Cash Conversion Cycle | 164 | 156 | 127 | 93 | 107 | 125 | 147 | 134 | 123 | 155 | 102 | 101 |
| Working Capital Days | -160 | -416 | 10 | 97 | 106 | 125 | 138 | 130 | 107 | 124 | 96 | 85 |
| ROCE % | -20% | -52% | -49% | -3% | 12% | 10% | 3% | 4% | 13% | 15% | 16% | 12% |
Guidance history
How Paramount Communications Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 20–40% | Up 2%+ | Planned | Planned | Rising |
| Q4 FY26 call → | 10–20% | Up 2%+ | Planned | Planned | Flat |
| Q4 FY25 call → | 20–40% | Flat | Planned | Planned | Flat |
| Q3 FY25 call → | 20–40% | Up 0–2% | Planned | Planned | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
40 out of 100 — Steady
Over the past year its share price has moved roughly in the middle of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +40.4% | 83% |
| Last 6 months | +55.9% | 91% |
| Last 3 months | −5.3% | 57% |
The price is 45.2% below its all-time high of ₹112.08 (20 Jan 2024). Stocks more than 20% below their peak have their score halved, so 81 became 40.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Paramount Communications Ltd: 0.4 × 83 + 0.4 × 91 + 0.2 × 57 = 81, halved to 40 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Paramount Communications Ltd's management said in earlier quarters
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