Paramount Communications Ltd (NSE: PARACABLES): The shares from Paramount Communications Limited rose 1 percent to an average of 92.83 the previous Monday.
At this time, the intraday high was 93.58 as well as the lowest intraday was 91.60. The 52-week high of the stock is 100.99 as well as its 52-week low stands at 28. Brokerage has set a target of Rs 180 for this share.
In the last Extra Ordinary General Meeting (EGM) the share capital authorized by this company increased by 70 crore to 80 crore.
This was achieved by increasing the amount by 10 crore and dividing it into 5 crore equity shares of 2.
Each while retaining the number of shares in place. The company adopted an EGM resolution to this effect.
In addition, the Board of Directors passed a resolution that authorized the issue of equity shares to those who are not promoters with a preference basis subject to approval from an extraordinary resolution of shareholders.
The approval of the Securities and Exchange Board of India (SEBI) as well as the Stock Exchange, and any other appropriate authority.
All the required approvals or permits, consents, and clearances have been received in the event.
Paramount Communications Limited is a producer of cables and wires comprising telecom cables, power cables, railway cables, and cables for special purposes.
It has a broad range of clients that include BSNL, Larsen & Toubro, BSES, Bharat Heavy Electrical Limited, Steel Authority of India (SAIL), Power Grid Corporation, Alcatel Lucent Enterprises, Tata Steel, ISRO, Indian Oil, Indian Railways, NTPC.
In November 2023, the shareholding distribution revealed growth in stakes held by institutions from abroad (FIIs) within the firm.
From October 2023 through the end of November 2023, Foreign Institutional Investors acquired an additional 1,71,803,366 shares, raising their stake by 0.52 percent up to 7.61 percent.
Paramount Communications Limited is pursuing a plan to raise funds and expand its shareholder base.
Paramount Communications plans to issue new shares for an amount of 66.50 and raise the approved capital from Rs 70 crore to 80 crore, subject to shareholder approval.
The plan is aimed at improving the financial position of the company and assisting future growth plans.
In particular, the shares will be allocated to 76 additional companies such as Anand Rathi Global Finance Limited and VLS Finance Limited.
About Paramount Communications Ltd
Paramount Communications Ltd is part of the Paramount Cables Group. It is among the top manufacturers in India of Wires and Cables comprising power cables, telecom cables railway cables, as well as specialized cables.
It is a reputable export base. It has offices in a variety of countries like its home country of the UK, Spain, Russia, South Africa, UAE, Nepal, Bangladesh, and numerous other countries.
The company offers a broad collection of products that include Fire Survival Cables, HV and LV Power Cables, Instrumentation and Data Cables, Railway Cables, Optical Fiber Cables, various Telecom Cables, Specialised Cables, and others.
Fundamental Analysis of Paramount Communications Ltd
| Market Cap | ₹ 2,583 Cr. |
| Current Price | ₹ 92.85 |
| 52-wk High | ₹ 98.50 |
| 52-wk Low | ₹ 27.90 |
| Stock P/E | 31.31 |
| Book Value | ₹ 16.7 |
| Dividend | 0.00 % |
| ROCE | 13.8 % |
| ROE | 21.2 % |
| Face Value | ₹ 2.00 |
| P/B Value | 5.54 |
| OPM | 7.29 % |
| EPS | ₹ 2.89 |
| Debt | ₹ 151 Cr. |
| Debt to Equity | 0.38 |
| Year | 1st Target | 2nd Target |
| 2024 | ₹ 122 | ₹ 192 |
| 2025 | ₹ 200 | ₹ 225 |
| 2026 | ₹ 230 | ₹ 250 |
| 2027 | ₹ 310 | ₹ 380 |
| 2028 | ₹ 400 | ₹ 430 |
| 2029 | ₹ 450 | ₹ 490 |
| 2030 | ₹ 500 | ₹ 640 |
| Promoters Holding | |
| Dec 2022 | 62.12% |
| Mar 2023 | 62.12% |
| June 2023 | 63.90% |
| Sept 2023 | 62.68% |
| Nov 2023 | 53.51% |
| FII Holding | |
| Dec 2022 | 0.07% |
| Mar 2023 | 0.55% |
| June 2023 | 0.86% |
| Sept 2023 | 0.52% |
| Nov 2023 | 7.61% |
| DII Holding | |
| Dec 2022 | 0.00% |
| Mar 2023 | 0.00% |
| June 2023 | 0.00% |
| Sept 2023 | 0.21% |
| Nov 2023 | 0.10% |
| Public Holding | |
| Dec 2022 | 37.80% |
| Mar 2023 | 37.34% |
| June 2023 | 35.24% |
| Sept 2023 | 36.58% |
| Nov 2023 | 38.79% |
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 614 Cr |
| 2020 | ₹ 606 Cr |
| 2021 | ₹ 518 Cr |
| 2022 | ₹ 580 Cr |
| 2023 | ₹ 883 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 29 Cr |
| 2020 | ₹ 26 Cr |
| 2021 | ₹ 3 Cr |
| 2022 | ₹ 8 Cr |
| 2023 | ₹ 62 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 1.39 |
| 2020 | 1.03 |
| 2021 | 0.9 |
| 2022 | 0.87 |
| 2023 | 0.63 |
Last 10 Years’ Profit Growth:
| 10 Years: | 11% |
| 5 Years: | 43% |
| 3 Years: | 22% |
| Current Year: | 128% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | — |
| 5 Years: | 13% |
| 3 Years: | 10% |
| Last Year: | 21% |
Sales Growth Over 10 Years:
| 10 Years: | 2% |
| 5 Years: | 13% |
| 3 Years: | 9% |
| Current Year: | 22% |
Conclusion
This article is a complete guide about Paramount Communications Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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