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.
| ₹ 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) |
| ₹ 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 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Wires and Cables | 1,912 | 99.7 |
| Pipes | 6 | 0.3 |
| Total, before eliminations | 1,919 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| POLYCAB INDIA LIMITED | 1,24,138 | 43.1 | 10.24 | 29.2 | 22.3 | 28.9 | 26.5 | 15.1 |
| KEI INDUSTRIES LTD. | 43,766 | 43.9 | 6.57 | 30.6 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 5 Sept 2026 · 32nd AGM Notice and Integrated Annual Report 2025-26 Intimation | compliance | minimal | — | — |
| 5 Sept 2026 · Paramount Communications schedules analyst and institutional investor meet on Sep 9, 2026 | board shareholder meetings | low | — | — |
| 5 Sept 2026 · Newspaper ad confirms 32nd AGM notice and e-voting dispatch | compliance | minimal | — | — |
| 3 Sept 2026 · Annual Report FY26 and 32nd AGM Notice submitted | compliance | medium | — | — |
| 3 Sept 2026 · Paramount Communications files BRSR for FY 2025-26 | compliance | low | — | — |
| 3 Sept 2026 · Paramount Communications 32nd AGM on Sep 26, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Paramount Communications 32nd AGM Notice - September 26, 2026 | board shareholder meetings | low | — | — |
| 29 Aug 2026 · Newspaper publication for 32nd AGM notice filed with BSE and NSE | compliance | minimal | — | — |
| 21 Aug 2026 · Paramount Communications Q1 FY27 Earnings Call Transcript | investor communications | medium | — | — |
| 19 Aug 2026 · Notice on SEBI Special Window for physical share dematerialisation | compliance | minimal | — | — |
| 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 |
| 13.8 |
| 17.9 |
| 22.9 |
| 13.0 |
| R R KABEL LIMITED | 27,478 | 45.2 | 10.67 | 33.6 | 19.1 | 23.9 | — | 10.4 |
| FINOLEX CABLES LTD | 21,918 | 27.4 | 3.60 | 22.0 | 11.7 | 14.1 | 18.0 | 16.7 |
| UNIVERSAL CABLES LTD | 5,187 | 25.9 | 2.74 | 22.0 | 8.6 | 5.0 | 18.7 | 10.0 |
| DYNAMIC CABLES LIMITED | 2,221 | 24.4 | 4.86 | — | 18.5 | 24.2 | — | 11.2 |
| PARAMOUNT COMM LTD ◆ | 1,974 | 32.5 | 2.54 | 17.8 | 7.7 | 10.2 | 29.8 | 7.1 |
| QUADRANT FUTURE TEK LTD | 1,926 | — | 7.47 | — | (16.6) | (19.8) | — | (7.1) |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 32.5 | 25.9 | 8 of 11 | 30% |
| P/B | 2.5 | 4.2 | 3 of 10 | 78% |
| 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 | 1974 | 2097 | 7 of 12 | 46% |
| 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 |
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.
