Small-cap Stock Surge 245% in 10M: FIIs Increase Stake by 7%; Order Book of Rs 360 Crore

Paramount Communications Limited (NSE: PARACABLES), a company operating in the field of wires and cables, has given very good returns to its investors. Big investors have also bought heavily into it. According to the information available on BSE, FIIs have bought more than 1.71 lakh shares in this stock. Anand Rathi Global Finance Limited has also been allotted 15 lakh shares. Apart from this, the company has orders worth more than Rs 360 crore.

The company’s stock touched its 52-week high of Rs 116.85 on Monday, January 29, 2024, while its 52-week low was Rs 36.02. However, in the last 5 days, the company’s shares have seen an overall decline of 3 percent. But if we look at the performance of a month, there has been an increase of 25 percent.

Please see the tables below for more information about the stock such as the last 10 months’ performance, last year’s performance, last 10 years’ absolute returns, compounded returns, and year-wise returns or performance.

Stock Surge 245% in 10 Months

PeriodClosingGrowthReturns on ₹10k

The stock has increased by 72.85% in the last three months, 157.66% in the last six months, and 245.13% in the last ten months, which is a huge increase. In the last 10 months, it has increased investors’ money more than 3 times, that is, if you had invested ₹ 10,000 in it 10 months ago, today the value of those shares would have increased to ₹ 34,513.

141 Percent Growth in 2023

MonthOpeningClosingGain/ Fall
Total Returns in 2023141.18%

Investors who invested in it in 2023 earned quite well returns. The share price of Paramount Communications Limited in January 2023 was ₹36.55 and on the last trading day of the year, it closed at ₹88.15 with a gain of 141.18 percent.

6900 Percent Growth in 10 Years

In the table below you can check the company’s absolute returns and CAGR growth from listing. You can also check that if someone has invested a lump sum of Rs 10,000 then what is the value of those Rs 10,000 worth of shares today…

PeriodGrowthReturns on ₹10kCAGR
3Y1138%₹1.24 lakh131.33%
4Y1304%₹1.4 lakh93.58%
7Y2995%₹3.09 lakh63.29%
8Y2811%₹2.91 lakh52.41%
9Y3679%₹3.78 lakh49.71%
10Y6848%₹6.95 lakh52.82%
  • There has been an increase of 184 percent in a year. If we look at the performance of the last two years, it has seen a rise of 703 percent.
  • In the past three years, it has increased investors’ money by more than 12 times.
  • For investors who had invested Rs 10,000 in it ten years ago, the value of those ₹10,000 shares has increased to ₹6.95 lakh today.
  • The CAGR growth of the stock for the last five years is 55.70 percent and for the last ten years is 52.82 percent.

Performance of Last 10 Years (Year-wise)

YearOpenCloseGain/ Fall

It has been more than 25 years since Paramount Communications has been listed on the stock exchange (BSE) but we have shown only the last 10 years of performance which is very excellent. Not only the absolute returns or compound returns but the year-wise performance of the company is also quite excellent.

Paramount Communications Limited
Paramount Communications Limited

About the Company

Paramount Communications Limited is a manufacturer of wires and cables. The company manufactures various types of cables for different sectors such as power cables, telecommunication cables, railway cables, and specialized cables.

The company has 25 products in its portfolio and also provides EPC services. The company’s customers include many government, institutional, and leading private sector organizations including giants like BSNL, L&T, Siemens, Indian Railways, RailTel, Tata Projects, Adani Power, and Adani Renewables.

The company generates 37% of its revenue from power cables, 11% from railway cables, 6.3% from telecom cables and 6.7% from domestic wires. Apart from this, 33% of the company’s revenue comes from exports, 3.6% from EPC projects and 2.4% from others.

Paramount Communications Limited Fundamentals

Market Cap₹ 2,997 Cr.
Current Price₹ 107
High / Low₹ 117 / 27.9
Intrinsic Value₹ 30.0
Book Value₹ 16.7
Face Value₹ 2.00
ROCE13.8 %
ROE21.2 %
PEG Ratio1.13
EPS₹ 2.89
P/B Value6.44
Dividend Yield0.00 %
Stock P/E48.2
Industry PE42.8
OPM7.29 %
Quick Ratio1.26
Debt₹ 151 Cr.
Debt to equity0.38
Current liabilities₹ 236 Cr.
Current assets₹ 509 Cr.
NCAVPS₹ 13.3
Return on Assets9.71 %
Reserves₹ 350 Cr.
Cash Equivalents₹ 36.3 Cr.
Inventory₹ 213 Cr.

Last 5 Years Profit & Loss Statement

YearSalesProfitOPM %
Mar 2019614.00297%
Mar 2020606.00267%
Mar 2021518.0033%
Mar 2022580.0084%
Mar 2023794.00486%

Last 10 Years Compounded Sales & Profit Growth

PeriodSales GrowthProfit Growth
10 Years5.00%12.00%
5 Years13.00%43.00%
3 Years9.00%22.00%

Recent Results

PeriodSalesProfitOPM %
Sep 2022213137%
Jun 2023211158%
Sep 2023250198%

The company’s December quarter results have not come yet but its results in the last quarter were good. The company’s sales grew 18.48% QoQ and 17.37% YoY, while net profit grew 26.67% QoQ and 46.15% YoY.

Shareholding Pattern

Mar 202162.12%1.51%0.00%36.38%
Mar 202262.12%0.00%0.00%37.88%
Mar 202362.12%0.55%0.00%37.34%
Jun 202363.90%0.86%0.00%35.24%
Sep 202362.68%0.52%0.21%36.58%
Dec 202353.51%7.60%0.00%38.89%
5/5 - (1 vote)

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