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Discovery themes featuring this stock
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Discovery themes featuring this stockParamount Communications Ltd (PARACABLES) is currently trading at 66.89 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
Paramount Communications manufactures power, communication, railway, telecom and specialized cables for utilities, infrastructure, industrial, railway, renewable-energy and data-center applications. Its operations are anchored by manufacturing facilities at Dharuhera and Khushkhera, while a third plant at Narmadapuram is being developed to expand higher-voltage and specialized cable capacity. Q2 FY27 demonstrated a meaningful recovery, with revenue rising 31.1% year-on-year to INR 560.4 crores and operating margin improving to 7.3% from 1.3% in Q2 FY26. Management attributed the improvement to resilient domestic demand, normalization of U.S. exports and disciplined metal procurement rather than aggressive volume growth. Paramount Communications is repositioning toward higher-value products, particularly HTLS conductors, EHV cables and e-beam cables. Its HTLS order book exceeds INR 200 crores, while management estimates the Indian reconductoring opportunity at approximately INR 50,000 crores over five years, creating a potentially important margin-accretive growth engine. The company’s export model has become deliberately more conservative. Although the U.S. remains its largest export market and is expected to represent 25%–30% of FY27 revenue, management is rebuilding relationships across Asia, Europe, Africa and Oceania to diversify future growth without allowing overseas exposure to become disproportionately risky. Paramount Communications is targeting revenue of INR 5,000 crores by FY31, supported by Narmadapuram, deeper domestic penetration and broader exports. The balance sheet currently provides flexibility, with net worth of INR 920 crores and debt-equity of 0.14x, although additional long-term debt is expected as the new facility is funded.
Over the past 52 weeks, Paramount Communications Ltd has traded between a low of ₹28.40 and a high of ₹75.57. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
Paramount Communications Ltd has a market capitalization of approximately 2,232.10. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
Paramount Communications Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 31.03 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 2,232.10 Cr, Paramount Communications Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
Paramount Communications Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of Paramount Communications Ltd is 31.03. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.
Paramount expects partial commissioning of Narmadapuram in Q1 FY28. Management said civil work was progressing on schedule, critical machinery had been ordered and phased plant hiring had begun.
Paramount Communications reported revenue from operations of ₹560.4 crore in Q2 FY27. This was 31.1% higher than ₹427.6 crore reported in Q2 FY26.
Paramount Communications is scheduled to announce unaudited Q2 FY27 and half-year results on October 26, 2026.
| Symbol | Watchlist | Price | Market Cap | P/E | P/B | Div Yield (%) | ROE (%) | ROCE (%) | ROA (%) |
1202.70 | 4,173 Cr | 19.27 | 1.92 | 0.37 | 9.94 | 11.31 | 4.26 | ||
68.21 | 2,232 Cr | 31.03 | 2.43 | 0.00 | 7.82 | 11.77 | 5.76 | ||
386.80 | 1,874 Cr | 20.01 | 3.73 | 0.13 | 18.66 | 25.53 | 12.68 | ||
431.40 | 1,726 Cr | -56.86 | 7.16 | 0.00 | -12.58 | -14.98 | -10.18 | ||
243.00 | 578 Cr | 23.61 | 2.46 | 0.00 | 0.00 | 0.00 | 7.99 | ||
314.50 | 407 Cr | 13.23 | 1.85 | 0.38 | 14.02 | 21.39 | 5.33 | ||
174.10 | 393 Cr | 12.37 | 2.69 | 0.00 | 21.70 | 23.11 | 13.37 | ||
| Median: 7 Co. | — | 314.50 | 1,726 Cr | 19.27 | 2.46 | 0.00 | 9.94 | 11.77 | 5.76 |
Paramount Communications manufactures power, communication, railway, telecom and specialized cables for utilities, infrastructure, industrial, railway, renewable-energy and data-center applications. Its operations are anchored by manufacturing facilities at Dharuhera and Khushkhera, while a third plant at Narmadapuram is being developed to expand higher-voltage and specialized cable capacity.
Q2 FY27 demonstrated a meaningful recovery, with revenue rising 31.1% year-on-year to INR 560.4 crores and operating margin improving to 7.3% from 1.3% in Q2 FY26. Management attributed the improvement to resilient domestic demand, normalization of U.S. exports and disciplined metal procurement rather than aggressive volume growth.
Paramount Communications is repositioning toward higher-value products, particularly HTLS conductors, EHV cables and e-beam cables. Its HTLS order book exceeds INR 200 crores, while management estimates the Indian reconductoring opportunity at approximately INR 50,000 crores over five years, creating a potentially important margin-accretive growth engine.
The company’s export model has become deliberately more conservative. Although the U.S. remains its largest export market and is expected to represent 25%–30% of FY27 revenue, management is rebuilding relationships across Asia, Europe, Africa and Oceania to diversify future growth without allowing overseas exposure to become disproportionately risky.
Paramount Communications is targeting revenue of INR 5,000 crores by FY31, supported by Narmadapuram, deeper domestic penetration and broader exports. The balance sheet currently provides flexibility, with net worth of INR 920 crores and debt-equity of 0.14x, although additional long-term debt is expected as the new facility is funded.
Industrial Products
Cables - Electricals
2,189 Cr
High Risk
30.4
31.9
3.9
2.4
75.57
28.40
Sales CAGR
Profit CAGR
ROE
ROCE
