NSE: PARACABLES · BSE: 530555
PARAMOUNT COMM LTD
Manufactures electrical wires and cables — primarily low-voltage cables — for domestic B2B institutional buyers and overseas markets. Wires and cables accounted for 99.7% of segment revenue at Rs 1,912.17 crore in FY26, with a small pipes business contributing Rs 6.41 crore (0.3%). Established in 1955 and listed in India, the company was the largest low-voltage cable exporter to the United States in CY2025 for the sixth consecutive year. Domestic B2B institutional sales grew 37.3% to Rs 10,013 Mn in FY26, lifting the domestic revenue share to 71%. Raw materials account for 74.5% of revenue, employees 2.3%, and other operating expenses 18.8%. A Rs 300 crore greenfield plant at Narmadapuram is under construction, with operations partly commencing Q1 FY28 and a Rs 1,200 crore revenue target by FY29. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Wires and Cables (100%), Pipes (0%). Asset-heavy cables manufacturing with exposure to commodity prices and cyclical overseas demand, particularly from the United States.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 581 | 796 | 1,071 | 1,576 | 1,913 |
| EBITDA (ex other income) | 20 | 48 | 89 | 123 | 66 |
| margin % | 3.5 | 6.0 | 8.3 | 7.8 | 3.5 |
| Owners' profit | 8 | 48 | 86 | 0 | 60 |
| EPS, as reported (₹) | 0.42 | 2.40 | 3.29 | 2.85 | 1.96 |
| ROE % · ROCE % | 4.1 · 3.9 | 16.2 · 13.4 | 13.7 · 13.7 | 12.1 · 16.7 | 7.7 · 12.9 |
| Debt / equity (x) | 0.87 | 0.54 | 0.16 | 0.04 | 0.15 |
| Cash from operations | 15 | 11 | (101) | 104 | (38) |
| Capex | (3) | (9) | (53) | (60) | (53) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 356 | 392 | 507 | 451 | 428 | 461 | 573 | 529 |
| Profit before tax | 29 | 31 | 25 | 25 | 18 | 10 | 27 | 27 |
| Net profit | 20 | 23 | 19 | 19 | 13 | 7 | 21 | 20 |
| EPS (₹) | 0.67 | 0.74 | 0.62 | 0.61 | 0.43 | 0.25 | 0.67 | 0.64 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Wires and Cables | 1,912 | 99.7 |
| Pipes | 6 | 0.3 |
| Total, before eliminations | 1,919 | 100.0 |
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| POLYCAB INDIA LIMITED | 1,15,996 | 40.3 | 9.57 | 27.3 | 22.3 | 28.9 | 26.5 | 15.1 |
| KEI INDUSTRIES LTD. | 36,806 | 36.9 | 5.52 | 25.6 | 13.8 | 17.9 | 22.9 | 13.0 |
| R R KABEL LIMITED | 25,055 | 41.2 | 9.73 | 30.7 | 19.1 | 23.9 | — | 10.4 |
| FINOLEX CABLES LTD | 17,543 | 21.9 | 2.88 | 17.6 | 11.7 | 14.1 | 18.0 | 16.7 |
| UNIVERSAL CABLES LTD | 4,616 | 23.0 | 2.44 | 20.0 | 8.6 | 5.0 | 18.7 | 10.0 |
| PARAMOUNT COMM LTD ◆ | 1,944 | 32.0 | 2.50 | 17.5 | 7.7 | 10.2 | 29.8 | 7.1 |
| DYNAMIC CABLES LIMITED | 1,633 | 17.9 | 3.57 | — | 18.5 | 24.2 | — | 11.2 |
| QUADRANT FUTURE TEK LTD | 1,624 | — | 6.30 | — | (16.6) | (19.8) | — | (7.1) |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 32.0 | 21.9 | 8 of 11 | 30% |
| P/B | 2.5 | 3.2 | 4 of 10 | 67% |
| ROCE | 10.2 | 13.5 | 8 of 13 | 42% |
| ROE | 7.7 | 8.6 | 7 of 11 | 40% |
| Debt / Equity | 0.1 | 0.1 | 8 of 11 | 30% |
| EBITDA margin | 7.2 | 10.2 | 7 of 10 | 33% |
| Revenue growth | 17.4 | 36.1 | 8 of 10 | 22% |
| Profit growth | 6.5 | 35.0 | 8 of 10 | 22% |
| Market cap | 1944 | 1788 | 6 of 12 | 55% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · Audio recording of Q2 investor conference call published | investor communications | low | — | — |
| 27 Oct 2026 · Paramount Q2 FY27 revenue rises 31%, profit after tax rises 83% | compliance | minimal | — | — |
| 26 Oct 2026 · Paramount reports strong Q2 FY27 growth and expansion plan | investor communications | medium | — | — |
| 26 Oct 2026 · Paramount Communications posts strong Q2 FY27 profit growth | compliance | low | — | — |
| 26 Oct 2026 · Revenue rises 31% and profit after tax 83% in September 2026 quarter | results | high | — | — |
| 15 Oct 2026 · Paramount Communications to host Q2 FY27 Earnings Call on October 27 | board shareholder meetings | low | — | — |
| 15 Oct 2026 · Board meeting on Oct 26 to consider Q2 and H1 FY26 results | results | low | — | — |
| 8 Oct 2026 · RTA compliance certificate for share dematerialization under SEBI Reg 74(5) | compliance | minimal | — | — |
| 26 Sept 2026 · Paramount Communications 32nd AGM: All 3 resolutions approved by shareholders | compliance | low | — | — |
| 26 Sept 2026 · 32nd AGM concluded; all 3 resolutions passed with requisite majority | board shareholder meetings | medium | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.