Paramount Communications Limited (PARACABLES)
📢 Recent Corporate Announcements
Paramount Communications Limited has dispatched communications containing web-links to the Notice of its 32nd Annual General Meeting (AGM) and the Integrated Annual Report for FY 2025-26 to shareholders without registered email addresses. The 32nd AGM is scheduled to be held on Saturday, September 26, 2026, at 12:30 p.m. IST via Video Conferencing. The filing also provides mandatory reminders to physical shareholders regarding KYC updates pursuant to SEBI regulations. This is a standard statutory procedure with no direct impact on financial performance.
- 32nd Annual General Meeting scheduled for Saturday, September 26, 2026, at 12:30 p.m. IST via Video Conferencing
- Dispatched web-link of the Integrated Annual Report for FY 2025-26 to shareholders without registered email addresses
- Reminded physical mode security holders to update PAN, bank details, and nomination per SEBI circular dated May 07, 2024
Paramount Communications Limited has notified exchanges of a scheduled interaction with analysts and institutional investors on Wednesday, September 09, 2026, at 03:30 PM IST. The interaction, organized by Adfactors PR Private Limited, will be conducted virtually via one-on-one and group meetings. The company stated that no unpublished price sensitive information (UPSI) will be shared during the interactions.
- Analyst/Investor meeting scheduled for Wednesday, September 09, 2026, at 03:30 PM IST
- Interaction mode: Virtual meeting (One-on-One and Group Meeting)
- Meeting organized by Adfactors PR Private Limited
- Confirmation that no unpublished price sensitive information (UPSI) will be shared
Paramount Communications Limited has issued the notice for its 32nd Annual General Meeting (AGM) scheduled for September 26, 2026, via video conferencing. The cut-off date for remote e-voting eligibility is September 19, 2026, with voting active between September 23 and September 25, 2026. Key agenda items include the adoption of FY26 financial statements, the reappointment of Managing Director Sandeep Aggarwal (retiring by rotation), and ratifying cost auditor remuneration of ₹75,000 for FY27.
- 32nd AGM scheduled for September 26, 2026, at 12:30 PM IST via VC/OAVM.
- Remote e-voting open from September 23, 2026 (9:00 AM) to September 25, 2026 (5:00 PM) with cut-off date on September 19, 2026.
- Reappointment of Managing Director Sandeep Aggarwal, who holds 1,42,30,033 equity shares and drew ₹1.89 Cr remuneration in FY26.
- Ratification of ₹75,000 remuneration for Cost Auditor M/s Jain Sharma & Associates for FY27.
Paramount Communications released its Q1 FY27 earnings call transcript, highlighting a 17.4% YoY revenue growth to ₹529.4 crore and a 129.2% YoY increase in operating profit to ₹34.7 crore. Management reported that US export headwinds have eased post-tariff resolutions, with US export revenue reaching ₹155 crore in Q1 and full-year expectations guided at ₹700–800 crore (representing ~37–42% of TTM revenue of ₹1,913 crore). Plants at Dharuhera and Khushkhera are running near optimal utilization, while working capital stood steady at 96 days.
- Q1 FY27 Revenue from Operations grew 17.4% YoY to INR 529.4 crores
- Operating profit excluding other income rose 129.2% YoY to INR 34.7 crores with margin at 6.6%
- US export run rate delivered INR 155 crores in Q1 FY27, with management targeting INR 700 to 800 crores for the full year
- Net profit stood at INR 19.7 crores (up 3.7% YoY) with EPS of INR 0.64 for the quarter
- Working capital cycle maintained at 96 days against a target band of 90 to 100 days
Paramount Communications Limited has submitted the web link to the audio recording of its investor conference call held on August 17, 2026. The call addressed the company's un-audited financial results for the first quarter ended June 30, 2026 (Q1 FY27). The underlying quarterly results were previously approved by the Board of Directors on August 14, 2026. This disclosure is a procedural filing under Regulation 30 of SEBI (LODR) Regulations, 2015.
- Audio recording link published for the Q1 FY27 earnings conference call
- Investor call was held on Monday, August 17, 2026
- First-quarter financial results for the period ended June 30, 2026 were approved on August 14, 2026
Paramount Communications published its Q1 FY27 investor presentation, outlining its ₹583 crore order book (as of March 31, 2026, ~30.5% of TTM revenue) and medium-term revenue target of ₹5,000 crore over five years. The company highlighted ongoing execution at its greenfield Narmadapuram (Madhya Pradesh) facility involving a ₹300 crore investment (~38.6% of net worth), slated for partial commissioning in Q1 FY28 with targeted turnover of ₹500 crore in FY28 and ₹1,200 crore in FY29. FY26 metal throughput reached 29,664 MTPA, with exports contributing ₹550 crore across 35+ geographies.
- Confirmed ₹583 Cr order book as of March 31, 2026 (~30.5% of TTM revenue)
- Ongoing ₹300 Cr greenfield EHV expansion at Narmadapuram on 31 acres, targeting ₹1,200 Cr turnover by FY29
- Medium-term ambition set to reach ₹5,000 Cr revenue over the next 5 years
- Metal throughput increased to 29,664 MTPA in FY26 from 9,691 MTPA in FY23
Paramount Communications reported a 17.4% YoY growth in standalone revenue from operations to ₹529.4 Cr for Q1 FY27. Operating profit (excluding other income) surged 129.2% YoY to ₹34.7 Cr, with core operating margins expanding by 320 bps YoY to 6.6%. Standalone net profit (PAT) grew 3.7% YoY to ₹19.7 Cr with an EPS of ₹0.64. The executable order book stood at approximately ₹615 Cr as of June 30, 2026 (~32.1% of TTM revenue), with export sales contributing ₹155 Cr or 29.3% of revenue.
- Revenue from operations rose 17.4% YoY to ₹529.4 Cr (down 7.7% QoQ from ₹573.3 Cr)
- Operating profit (excl. other income) expanded 129.2% YoY to ₹34.7 Cr, with margins reaching 6.6%
- Standalone Profit After Tax (PAT) stood at ₹19.7 Cr, up 3.7% YoY from ₹19.0 Cr
- Order book stood at ~₹615 Cr, with export revenue contributing ₹155 Cr (29.3% of total revenue)
- Working capital cycle improved to 96 days from 101 days QoQ, led by receivable days declining to 64 days
Paramount Communications reported a 17.4% YoY increase in standalone revenue to ₹529.40 Cr for Q1 FY27. However, Net Profit (PAT) grew only 3.7% to ₹19.70 Cr, constrained by a 73.7% surge in finance costs to ₹6.86 Cr. The company finalized a significant capital infusion, allotting 2.19 crore equity shares and 72 lakh warrants at ₹42 per share, totaling approximately ₹120 Cr. Additionally, the company appointed a new EVP of Exports to drive its international growth strategy, following the divestment of its pipes subsidiary in late 2025.
- Standalone Revenue for Q1 FY27 rose 17.4% YoY to ₹529.40 Cr from ₹450.87 Cr.
- Net Profit (PAT) stood at ₹19.70 Cr, a marginal increase from ₹19.00 Cr in the same quarter last year.
- Completed preferential allotment of 2,19,97,664 equity shares at ₹42 per share to non-promoters.
- Finance costs increased significantly to ₹6.86 Cr compared to ₹3.95 Cr in Q1 FY26.
- Appointed Mr. Harish Bhardwaj as EVP-Exports (Senior Management) effective August 15, 2026.
Paramount Communications reported a steady Q1 FY27 with standalone revenue of ₹529.40 Cr, up 17.4% YoY from ₹450.87 Cr. Net profit for the quarter stood at ₹19.70 Cr, a modest 3.7% increase YoY. A key strategic move is the appointment of Mr. Harish Bhardwaj as EVP-Exports, a veteran with 35+ years of experience, to lead international expansion. The company also confirmed raising approximately ₹119.5 Cr through preferential allotments of shares and warrants to fund its growth trajectory.
- Standalone Revenue for Q1 FY27 grew 17.4% YoY to ₹529.40 Cr.
- Net Profit for the quarter reached ₹19.70 Cr compared to ₹19.00 Cr in Q1 FY26.
- Appointment of Mr. Harish Bhardwaj as EVP-Exports to target international market expansion.
- Raised ₹88.40 Cr through the issuance of 2.10 crore equity shares to non-promoters at ₹42 each.
- Issued 72,00,000 warrants to promoters at ₹42 each, with 25% application money (₹7.56 Cr) received.
Paramount Communications reported a 17.4% YoY increase in standalone revenue to ₹529.40 Cr for Q1 FY27, though revenue declined 7.6% sequentially from Q4 FY26. Net profit grew marginally by 3.7% YoY to ₹19.70 Cr, as higher finance costs (up 73.6% YoY) offset top-line gains. A significant capital infusion is underway, with the company receiving ₹115.96 Cr during the quarter through preferential allotments of shares and warrants. Additionally, the company appointed a new Executive VP for Exports to drive its international expansion strategy.
- Standalone Revenue from operations increased 17.4% YoY to ₹529.40 Cr from ₹450.87 Cr.
- Net Profit for the quarter stood at ₹19.70 Cr, up 3.7% from ₹19.00 Cr in the same period last year.
- Received ₹115.96 Cr in application money for preferential issues of warrants (Promoters) and equity shares (Non-promoters).
- Finance costs rose significantly to ₹6.86 Cr compared to ₹3.95 Cr in Q1 FY26.
- Segment assets for Wires and Cables expanded to ₹1,248.37 Cr, up from ₹945.49 Cr YoY.
Paramount Communications (PARACABLES) has scheduled its Q1 FY2027 earnings conference call for August 17, 2026, at 4:00 PM IST. The management team, including the Chairman & CEO and CFO, will discuss the financial performance for the quarter ended June 2026. This follows a fiscal year (FY26) where the company achieved Rs 1,913 Cr in revenue but saw operating margins compress to 3.5% from 7.8% in the previous year. Investors will be looking for updates on the company's stated goal of reaching Rs 5,000 Cr revenue by 2030.
- Earnings conference call scheduled for August 17, 2026, at 4:00 PM IST
- Management representation includes Chairman & CEO Sanjay Aggarwal and CFO Shambhu K. Agarwal
- Discussion to focus on Q1 FY 2027 financial results
- Company is coming off a TTM revenue base of Rs 1,913 Cr with a current P/E of 34.6
- Focus remains on the 30% CAGR growth strategy over the next 5 years
Paramount Communications Limited has allotted 31,995 equity shares on July 14, 2026, following the exercise of options under the Stock Incentive Plan 2023. The shares were issued at an exercise price of 5.00 per share (Face Value 2 + Premium 3). This allotment results in a negligible equity dilution of approximately 0.0098%. The total paid-up share capital has increased to 65.45 crore.
- Allotment of 31,995 equity shares to employees on July 14, 2026
- Exercise price fixed at 5.00 per share, significantly below the current market price of 65.3
- Total issued shares increased from 32,72,07,478 to 32,72,39,473
- Total paid-up share capital now stands at 65,44,78,946
ICRA has reaffirmed Paramount Communications' credit ratings for its Rs 150 crore bank facilities, maintaining the long-term rating at [ICRA]BBB and short-term at [ICRA]A3+. Crucially, the agency removed the 'watch with negative implications' and assigned a 'Stable' outlook, indicating a stabilization of the company's credit profile. The total rated debt of Rs 150 crore is relatively modest, representing approximately 19.3% of the company's net worth (Rs 778 Cr) and 7.8% of TTM revenue. This stabilization is a positive signal for the company's ability to fund its ambitious 30% CAGR growth target.
- Long-term rating reaffirmed at [ICRA]BBB with a Stable outlook assigned on July 14, 2026
- Short-term rating reaffirmed at [ICRA]A3+
- Removed from 'watch with negative implications' status
- Total bank facilities rated amount to Rs 150.00 crore
- Specific limits include Rs 50 Cr from Union Bank of India and Rs 60 Cr from Axis Bank
Paramount Communications Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Registrar MUFG Intime India Private Limited, confirms that share certificates received for dematerialization during the quarter ended June 30, 2026, were processed and cancelled. This is a standard administrative filing required for all listed companies to ensure the integrity of shareholding records. It has no impact on the company's financial performance or operational outlook.
- Compliance confirmed for the quarter ended June 30, 2026.
- Certificate issued by MUFG Intime India Private Limited (formerly Link Intime).
- Confirms that security certificates were mutilated and cancelled after due verification.
- The name of the depositories has been substituted in the register of members as the registered owner.
Paramount Communications has successfully raised approximately Rs 100 crore through the allotment of 2.20 crore equity shares to non-promoters and 72 lakh convertible warrants to promoters. The allotment was priced at Rs 42.00 per share, which is a significant discount to the current market price of Rs 73.2. Marquee investors including Abakkus Diversified Alpha Fund and Singularity Equity Fund II participated in this round. This capital infusion represents approximately 12.8% of the company's current net worth, providing substantial liquidity for growth initiatives.
- Raised a total of Rs 99,95,01,888 through equity and warrant subscriptions
- Allotted 2,19,97,664 equity shares to non-promoter entities at Rs 42.00 per share
- Allotted 72,00,000 unlisted convertible warrants to promoters Sanjay and Sandeep Aggarwal
- Abakkus Diversified Alpha Fund (two schemes) emerged as a major allottee with 1.19 crore shares
- Paid-up equity capital increased from 30.52 crore to 32.72 crore shares of Rs 2 each
Financial Performance
Revenue Growth by Segment
The Wire and Cables segment grew 32.0% YoY in H1 FY26, reaching INR 878.44 Cr compared to INR 665.42 Cr in H1 FY25. The Pipes segment, while smaller, contributed INR 4.21 Cr in H1 FY26. Overall consolidated revenue for FY 2024-25 reached INR 1,586.6 Cr, a 47.1% increase from INR 1,078.6 Cr in FY 2023-24, driven by robust demand across all product segments.
Geographic Revenue Split
Export revenue contribution saw significant shifts, dropping from 50% of total revenue in FY 2022-23 to approximately 35% in FY 2023-24 due to a weak US market. However, domestic sales doubled from INR 400 Cr to INR 800 Cr in the same period to compensate. As of Q4 FY24, exports accounted for 19.4% of the revenue mix.
Profitability Margins
Net Profit Margin decreased to 5.54% in FY 2024-25 from 8.03% in FY 2023-24, a 31% decline primarily due to increased tax implications. Profit After Tax (PAT) for FY 2024-25 was INR 87 Cr, a marginal 1.6% increase over INR 85.6 Cr in FY 2023-24. The company is currently prioritizing volume growth over margin retention to capture market share.
EBITDA Margin
Consolidated EBITDA margin stood at 8.5% in FY 2024-25, down from 9.0% in FY 2023-24. In Q2 FY26, the EBITDA margin further compressed to 5.8% from 9.4% in Q2 FY25. This 3.6 percentage point drop resulted from a conscious strategy to sacrifice margins for a 20.3% YoY jump in revenue (INR 428 Cr vs INR 355.9 Cr).
Capital Expenditure
The company is planning incremental capacity additions and incurring expenses for plant repair and maintenance to support its 30% CAGR target. While specific INR values for future capex are not disclosed, the company has liquidated its ARC debt as of August 2024 to improve financial flexibility for expansion.
Credit Rating & Borrowing
The company maintains a 'Stable' outlook from CRISIL and ICRA. Gearing is exceptionally low, expected to remain below 0.05 times as of March 31, 2025. Interest coverage was healthy at 16.2 times in FY 2024 and is projected to remain above 3 times in FY 2025 despite plans to avail new fund-based working capital limits.
Operational Drivers
Raw Materials
Key raw materials include copper and aluminum (commodities), though specific percentage breakdowns per material are not disclosed. The company's profitability is highly sensitive to the volatility of these commodity prices and foreign exchange rates.
Capacity Expansion
The company is currently implementing incremental capacity additions to meet a long-term revenue target of INR 5,000 Cr by 2030. Current utilization metrics are being leveraged to increase productivity for higher margins and better volumes.
Raw Material Costs
Raw material costs are a significant portion of the cost structure, with margins historically fluctuating between 3-4% (FY21-22) and 8.5-9% (FY25) based on commodity price cycles. The company employs hedging strategies via long-term and forward contracts to mitigate these costs.
Manufacturing Efficiency
The company is focusing on capacity utilization and enhancement to drive higher margins. Return on Equity (ROE) stood at 12.95% in FY 2024-25, down from 18.59% in FY 2023-24 due to an increase in average shareholder equity.
Strategic Growth
Expected Growth Rate
30%
Growth Strategy
The company aims to achieve a 30% CAGR over the next 5 years by focusing on five levers: expanding the export footprint, growing B2B relationships, continuous R&D for new product development, enhancing the retail distribution channel, and maximizing capacity utilization. Management has set a conservative revenue target of INR 5,000 Cr by the year 2030.
Products & Services
The company sells Power Cables, Railway Cables, Export-grade cables, House wires, and Pipes. It also executes turnkey projects, which contributed INR 6.7 Cr in FY 2024-25.
Brand Portfolio
Paramount Cables
New Products/Services
The company is continuously expanding its product range through innovation and R&D, though specific new product revenue contributions are not yet quantified.
Market Expansion
Targeting a mix of international markets (Exports) and domestic retail expansion to minimize dependency on government policies and diversify industry exposure.
External Factors
Industry Trends
The industry is seeing a shift toward organized players, though unorganized competition remains high. Demand is currently robust across power and infrastructure segments, supporting the company's 39.5% revenue CAGR over the FY22-FY25 period.
Competitive Landscape
The market is intensely competitive with several organized and unorganized participants, creating constant pressure on operating margins and pricing.
Competitive Moat
The company's moat is built on the extensive experience of its promoters and established long-term relationships with clients. This is sustained through a diverse product portfolio and a shift toward high-margin B2B and export segments.
Macro Economic Sensitivity
The business is susceptible to fluctuations in monetary policy and government legislation, which can impact borrowing terms and the overall margin profile.
Consumer Behavior
There is an increasing demand for high-quality, technologically upgraded products, prompting the company to invest in R&D and innovation.
Geopolitical Risks
Exposure to international markets like the US makes the company vulnerable to global economic slowdowns and trade policy changes.
Regulatory & Governance
Industry Regulations
Operations are subject to government legislation and environmental/manufacturing standards, which the company manages by diversifying into retail and export markets to mitigate policy-shift risks.
Taxation Policy Impact
The company faced higher tax implications in FY 2024-25, which contributed to a 31% decline in net profit margins. Current tax liabilities stood at INR 9.3 Cr in Q2 FY26.
Legal Contingencies
The company previously underwent debt restructuring under the Corporate Debt Restructuring (CDR) program in 2010, but successfully liquidated its ARC debt in August 2024.
Risk Analysis
Key Uncertainties
Key risks include commodity price volatility (copper/aluminum), which can impact margins by several hundred basis points, and the ability to secure incremental working capital lines to support the 30% growth target.
Geographic Concentration Risk
Historically high at 50% for US exports, now diversified with domestic sales doubling to reduce geographic risk.
Third Party Dependencies
The company relies on commodity suppliers; while specific names aren't listed, the 'Stable' rating factors in established relationships with these vendors.
Technology Obsolescence Risk
The company mitigates technology risk through consistent investment in R&D and stringent process control systems to meet evolving client specifications.
Credit & Counterparty Risk
Receivables are high at 92 days, indicating a long credit period extended to customers, which is a monitorable factor for liquidity.
