PARACABLESIndustrials

Paramount Communications Limited

Cables - Electricals · ISIN INE074B01023 · BSE 530555 · NSE EQ · FV ₹2
Last price
₹65
+4.44%today
What this company does

Paramount Communications Limited operates in Cables - Electricals, part of the Industrials sector. It booked ₹560 cr of revenue in its latest quarter (Q2 FY27) and kept 4.3% of sales as profit. It is the 8th largest of 9 Cables - Electricals companies we track, by market value.

“Paramount Communications Limited is one of India’s leading wire & cable manufacturing companies.”
Their stated vision

“is to not just power India’s infrastructure, but to do so with integrity, awareness, and a sense of shared purpose.”

In the report:
62out of 100
Equitytale Health Score
Mixed

Healthier than 62% of companies in Industrials, on all six measures of filed financials. Each measure is ranked against the 125–284 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
52

At close. Not part of the score.

Profitability & returns55

How much profit it earns on the money it employs

Balance sheet67

How much it owes, and whether earnings cover the interest

Cash quality37

Whether reported profit actually arrives as cash

Growth & consistency76

Whether sales and profit have grown, and how steadily

Valuation51

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Sales up 31% vs last year
✓ Profit up 83% vs last year
✓ Promoters hold 46%
✓ No promoter shares pledged
Watch-outs
! Thin 4.3% net margin
! Operating cash flow is negative

What if I invest in PARACABLES?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹65▲ +4.44%
latest close · 2026-11-04
1-year return
+400.1%
52-wk low ₹1052-wk high ₹72
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio21.8Average
LowAverageHigh
P/B ratio2.29Moderate
Below bookModerateHigh
EV / EBITDA12.5Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity10.5%Fair
WeakFairStrong ▸15%
Return on capital16.9%Strong
WeakFairStrong
Net margin4.3%Thin
ThinDecentStrong
EBITDA margin8.0%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.14Comfortable
LowModerateHigh ▸1
Interest cover5.1×Strong
RiskyOkayStrong ▸5×
Current ratio3.05Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹2,111 cr
Book value
₹28
EPS
₹0.74
latest quarter
Net debt
₹122 cr
owes more than its cash
Enterprise value
₹2,233 cr
EBITDA
₹179 cr
annualised
EBIT
₹161 cr
annualised
Operating margin
7.2%
Return on assets
7.8%
Earnings yield
4.59%
P/S
0.94
Sales / share
₹68.5
Tax rate
25.2%
Face value
₹2
Shares
32.7 cr
Working capital
₹606 cr
Current assets
₹903 cr
Current liabilities
₹296 cr
Delivery %
30.5%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹20–₹21, midpoint ₹20

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹560 cr
Other Income₹4 cr
Total Income₹564 cr
Cost of Materials₹432 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-14 cr
Employee Benefit Expense₹12 cr
Finance Costs₹8 cr
Depreciation & Amortisation₹4 cr
Other Expenses₹89 cr
Total Expenses₹532 cr
Profit before Tax₹32 cr
Tax Expense₹8 cr
Net Profit₹24 cr
Net margin on total income4.3%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹418 cr74.2%
Employee benefit expense₹12 cr2.2%
Finance costs₹8 cr1.4%
Depreciation & amortisation₹4 cr0.8%
Other expenses₹89 cr15.8%
Tax expense₹8 cr1.4%
Profit for the period₹24 cr4.3%
Total income ₹564 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue573 cr529 cr560 cr
Total income582 cr532 cr564 cr
Expenses555 cr506 cr532 cr
Profit before tax27 cr27 cr32 cr
Tax7 cr7 cr8 cr
Net profit (owners' share)21 cr20 cr24 cr
Net margin (owners' share, on revenue)3.6%3.7%4.3%
EPS (₹)0.670.640.74
YoY (latest quarter): total income +26.0% · net profit +83.1%
Balance sheet & cash flow · as of Sep 2026
Low debt
Total assets
₹1,249 cr
Shareholder equity
₹920 cr
parent shareholders
Total debt
₹132 cr
Cash
₹10 cr
Cash flow · H1 FY27
Operating
₹-32 cr
Investing
₹-62 cr
Financing
₹99 cr
Peer comparison
Cables - Electricals · by market value
CompanyPriceMarket capP/E
Polycab India Limited₹7,837₹1.18 L cr30.2
KEI Industries Limited₹3,881₹37,106 cr35.3
R R Kabel Limited₹2,001₹22,646 cr31.3
Finolex Cables Limited₹1,140₹17,438 cr17.5
Universal Cables Limited₹1,233₹4,277 cr15.2
Laser Power & Infra Limited₹218₹2,510 cr30.3
Lumino Industries Limited₹94₹2,296 cr14.3
Paramount Communications Limitedthis company₹62₹2,021 cr20.9
Dynamic Cables Limited₹330₹1,601 cr18.1
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-09-30
No pledge
Promoter
45.9%
FII / Foreign
1.9%
DII / Domestic
4.1%
Retail / others
48.1%
Promoter stake down 3.4% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtSanjay Aggarwal · Promoter and Director47,500 · ₹29.6 L30 Oct 26
BoughtSandeep Aggarwal · Promoters20,000 · ₹6.6 L23 Mar 26
BoughtSanjay Aggarwal · Promoters4,724 · ₹1.6 L23 Mar 26
Bulk / block deals
SoldQE SECURITIES LLP · NSE17.87 L @ ₹66.3927 Oct 26
BoughtQE SECURITIES LLP · NSE17.70 L @ ₹66.3127 Oct 26
SoldGRAVITON RESEARCH CAPITAL LLP · NSE18.96 L @ ₹95.3113 Sep 24
Stake changes
BoughtSandeep Aggarwal along with pac · promoter→ 49.18% · 20,00023 Mar 26
BoughtSanjay Aggarwal along with pac · promoter→ 49.18% · 4,72423 Mar 26
BoughtSanjay Aggarwal along with pac · promoter→ 49.17% · 15,27617 Mar 26
Promoter pledges
ReleasedInvent asset securities ation & Reconstruction private Ltd8.12 L · 0.27% held13 Sep 24
What shareholders were asked to approve
3 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 26 Sep 2026
See the official result
1
To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and Statutory Auditors thereon and the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, and together with the Report of Statutory Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
2.03 cr votes for, 28,309 against · 0% of mutual funds and other big investors said no
2
To appoint a Director in place of Mr. Sandeep Aggarwal ( DIN:00002646) who retires by rotation and being eligible, offer himself for re-appointment.
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
2.03 cr votes for, 28,309 against · 0% of mutual funds and other big investors said no
3
Ratification of Remuneration payable to M/s Jain Sharma & Associates, the Cost Auditors of the Company, for the financial year ending March 31, 2027.
Backed by 100% of shareholders other than promotersneeded 50%
2.03 cr votes for, 28,309 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 14 named members
owning 45.9% between them · as of 2026-09-30
Hertz Electricals ( International) Pvt. Ltd.14.21%
Paramount Telecables Limited11.84%
Sanjay Aggarwal4.37%
Sandeep Aggarwal4.35%
Shashi Aggarwal2.98%
Kamla Aggarwal2.56%
Archana Aggarwal2.40%
Sanjay Aggarwal HUF ( Karta-Sanjay Aggarwal)0.91%
Business done with them
FY2026 · 5 of the group
The company paid ₹6 cr to companies in the promoter group last year — about 0.3% of its ₹1,913 cr revenue.
Sandeep Aggarwal
Paid them for services · Loan received and repaid to Directors, Interest paid on loan, Remuneration
also owns 4.35% of the company
₹2 cr
company paid
Sanjay Aggarwal
Paid them for services · Remuneration.
also owns 4.37% of the company
₹2 cr
company paid
Parth Aggarwal
Paid them for services · Remuneration
also owns 0.53% of the company
₹70 L
company paid
Dhruv Aggarwal
Paid them for services · Remuneration
also owns 0.54% of the company
₹70 L
company paid
Tushar Aggarwal
Paid them for services · Remuneration
also owns 0.53% of the company
₹70 L
company paid

The company also transacted with 3 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹100 cr raised in Jun 2026 by selling shares to selected investors

As of Sep 2026, the company says it has spent 60% of what it set aside, leaving ₹49 cr still to be spent. CARE RATINGS LIMITED watches the spending on the exchange’s behalf.

working capital requirements of the Company
98%
₹49 cr of ₹50 cr
To fund the capital expenditure towards Factory Building, Machineries and Equipment including Electrical and Research & Development Equipment & Type test approval charges for new products.
24%
₹15 cr of ₹63 cr
General corporate purposes, including, inter alia, issue expenses, business development, marketing and branding, and meeting administrative and operational expenses of our Company.
90%
₹9 cr of ₹10 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.