PARACABLES

Paramount Communications share price & financials

Price
₹73.06
Market cap
₹2.0k Cr
Sector
Capital Goods
Calls analysed
3
Latest concall · Q1 FY27 · call held 17 Aug 2026

Paramount Communications Limited Q1 FY27

Revenue from Operations ₹529.4 cr +17%EBITDA ₹37.8 cr EBITDA Margin 7.1% PAT ₹19.7 cr +4%

What went well

  • Revenue from Operations for Q1 FY27 grew 17.4% YoY to INR 529.4 crores, indicating strong underlying demand.
  • Operating profit (excluding other income) grew significantly by 129.2% YoY to INR 34.7 crores, with operating margin expanding by 320 basis points YoY and 136 basis points QoQ to 6.6%.
  • Exports showed a robust recovery, growing approximately 77% QoQ to INR 155 crores, contributing over 29% of the total revenue, driven by the normalization of the US business scenario.

What to watch

  • Revenue declined 7.7% QoQ to INR 529.4 crores, though management noted this is an annual trend where Q1 is typically lower than Q4.
  • PAT for the quarter was down 4% QoQ to INR 19.7 crores, despite YoY growth.
Read the full call →

What Paramount Communications Limited does

Paramount Communications Limited (brand: Paramount Cables) manufactures power cables, railway signalling/axle-counter cables, telecom (optical fibre/FTTH) cables, special cables (solar PV, fire-survival, HTLS conductors) and domestic building wires from two integrated plants in Rajasthan and Haryana, with a third greenfield facility under construction in Narmadapuram, Madhya Pradesh. It earns by supplying these cables to power-transmission utilities, Indian Railways, defence, telecom and construction companies domestically, and by exporting UL-approved cables chiefly to the United States through an established local distribution network. The company additionally executes turnkey EPC/installation projects for telecom, power, railway and submarine cable laying and repair, adding project-services revenue on top of core cable manufacturing.

Segments

  • Power Cables
  • Railway Cables
  • Telecom Cables
  • Special/Renewable Cables
  • Domestic Wires (House Wires)
  • Exports
  • EPC/Turnkey Services
Manufacturing facilities
2 integrated units (Rajasthan and Haryana); 3rd greenfield unit under construction in Narmadapuram, Madhya Pradesh
Institutional clients
900+
Channel/distribution partners
250+
Electricians engaged nationwide
9,000+
Employees
1,800+
Product lines / SKUs
25+ product lines spanning 2,500+ SKUs
Founded 1955Headquarters New Delhi, India Company website

Guidance record · Q1 FY27

what the last two calls moved 17 tracked 1 delivered 2 missed 14 open
  • New US Product Launch delivered said Q4 FY26 Promised: 1-2 new products by Q1 FY27 Q1 FY27: Management confirmed they are 'coming up with solar cables, which are higher than 600 volts' and other data center products for the US market, fulfilling the promise for Q1 FY27.
  • Narmadapuram Plant Margin went quiet said Q4 FY26 Promised: 9-10% initially Q1 FY27: This specific initial margin guidance was not mentioned in the Q1 FY27 call.
  • Topline CAGR at risk said Q4 FY25 Promised: minimum 30% over the next 5 years Q1 FY27: Management reiterated FY27 revenue growth guidance of 15-20%, which remains significantly below the required 30% annual rate for this long-term target.

All 17 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 17.3%, net profit up 11.1% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue356 392 507 451 428 +20%461 +18%573 +13%529 +17%
EBITDA31 34 32 15 6 −81%15 −56%30 −6%35 +133%
Net profit20 23 19 18 13 −35%7 −70%21 +11%20 +11%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +37.4% 1Y

₹30.0₹40.0₹50.0₹60.0₹70.0Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q4 FY26 — 25 May 2026Q1 FY27 — 17 Aug 2026

1Y: ₹47.22 on 10 Sept 2025 → ₹64.87. High ₹74.13 (1 Jul 2026), low ₹28.56 (30 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
−2.6%
17 Aug
Q4 FY26
+10.0%
25 May

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 33.9% a year over 3 years, FY23 to FY26. Operating margin narrowed to 3.5%.

Year endingFY23FY24FY25FY26
Revenue₹797 Cr₹1.1k Cr₹1.6k Cr₹1.9k Cr
Operating profit₹48 Cr₹89 Cr₹124 Cr₹66 Cr
Operating margin6.0%8.3%7.9%3.5%
Interest₹7 Cr₹5 Cr₹12 Cr₹22 Cr
Depreciation₹8 Cr₹9 Cr₹13 Cr₹16 Cr
Net profit₹48 Cr₹85 Cr₹87 Cr₹59 Cr
Net margin6.1%7.9%5.5%3.1%
Cash from operations₹11 Cr₹-101 Cr₹104 Cr₹-38 Cr
Free cash flow₹3 Cr₹-153 Cr₹44 Cr₹-91 Cr
ROCE13.0%15.0%16.0%12.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹39 Cr₹39 Cr₹39 Cr₹61 Cr₹61 Cr₹61 Cr
Reserves₹154 Cr₹163 Cr₹256 Cr₹565 Cr₹688 Cr₹717 Cr
Borrowings₹202 Cr₹187 Cr₹160 Cr₹103 Cr₹102 Cr₹123 Cr
Other liabilities₹76 Cr₹93 Cr₹49 Cr₹97 Cr₹156 Cr₹228 Cr
Total liabilities₹471 Cr₹481 Cr₹504 Cr₹827 Cr₹1.0k Cr₹1.1k Cr
Fixed assets₹142 Cr₹135 Cr₹128 Cr₹169 Cr₹237 Cr₹260 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹1 Cr₹6 Cr₹0 Cr
Investments₹0 Cr₹0 Cr₹10 Cr₹56 Cr₹0 Cr₹0 Cr
Other assets₹329 Cr₹346 Cr₹366 Cr₹600 Cr₹765 Cr₹868 Cr
Total assets₹471 Cr₹481 Cr₹504 Cr₹827 Cr₹1.0k Cr₹1.1k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jul 2026

Since Jun 2025, DIIs added +4.03 pp while promoters trimmed −3.18 pp. The shareholder count shrank 11% to 1,32,082.

Promoters
45.9%
FIIs
0.5%
DIIs
4.1%
Government
1.6%
Public
48.0%

Since Jun 2025

  • DIIs +4.03 pp
  • Promoters −3.18 pp
  • Public −0.79 pp

How it drifted, 12 quarters

Over this window the public went from 38.9% to 48.0% — +9.1 pp.

Dec '23Mar '25Jul '26

Ownership split by quarter, oldest first. Dec '23: Promoters 53.5%, FIIs 7.6%, Public 38.9%.Mar '24: Promoters 49.3%, FIIs 7.0%, Public 43.7%.Jun '24: Promoters 49.3%, FIIs 7.1%, Public 43.6%.Sep '24: Promoters 49.1%, FIIs 2.2%, Public 48.7%.Dec '24: Promoters 49.1%, FIIs 0.7%, DIIs 0.0%, Government 1.7%, Public 48.5%.Mar '25: Promoters 49.1%, FIIs 0.8%, Government 1.7%, Public 48.4%.Jun '25: Promoters 49.1%, FIIs 0.4%, DIIs 0.1%, Government 1.7%, Public 48.8%.Sep '25: Promoters 49.1%, FIIs 0.5%, DIIs 0.1%, Government 1.7%, Public 48.7%.Dec '25: Promoters 49.1%, FIIs 0.3%, DIIs 0.1%, Government 1.7%, Public 48.8%.Mar '26: Promoters 49.2%, FIIs 0.5%, DIIs 0.1%, Government 1.7%, Public 48.5%.Jun '26: Promoters 49.2%, FIIs 0.5%, DIIs 0.1%, Government 1.7%, Public 48.5%.Jul '26: Promoters 45.9%, FIIs 0.5%, DIIs 4.1%, Government 1.6%, Public 48.0%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jul 2026 filing

Every holder of Paramount Communications Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.

HolderStakeChange
Hertz Electricals (International) Pvt. Ltd. 14.21%−1.02 pp
Paramount Telecables Limited 11.84%−0.85 pp
Sanjay Aggarwal - 2 4.37%−0.31 pp
Sandeep Aggarwal - 2 4.35%−0.31 pp
Shashi Aggarwal 2.98%−0.22 pp
Kamla Aggarwal 2.56%−0.18 pp
Archana Aggarwal 2.40%−0.18 pp
Enforcement Directorate Raipur 1.58%−0.12 pp
Darpan Jain 1.24%−0.09 pp
Sanjay Aggarwal HUF-Karta -Sanjay Aggarwal 0.91%−0.06 pp
Dhruv Aggarwal 0.54%unchanged
Tushar Aggarwal 0.53%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Growth trap

To justify its price of ₹65, this stock must grow earnings at 33% every year for 7 years. Our analysis caps realistic growth at ~-18%. At that growth it is worth ₹4 — downside of 93%.

Growth the price implies
33.1% a year
for 7 years, fading to 4%
It has actually compounded at
-17.6% a year
net profit, FY23–FY26
The gap
0.5 pp
-93% downside if it only repeats history
Price today ₹64.87 Value at the reference growth ₹4.42

Change the assumptions yourself →

All earnings calls (3)

Read the Q1 FY27 call →

Learn to analyse Paramount Communications Limited

Guides on how to read this kind of business and the numbers that matter.