Paramount Communications Limited
PARACABLES.NS
National Stock Exchange of India71.73
INR
+0.61
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Paramount Communications Limited
PARACABLES.NS
(National Stock Exchange of India)
Recent
price
71.73
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Paramount Communications Limited (PARACABLES.NS) manufactures and sells a comprehensive range of wires and cables in India. The company produces power cables including high tension, low tension, and aerial bunch cables; control cables in screened and unscreened types; instrumentation cables for process control, A/D converters, and microprocessor-based circuits; thermocouple extension and compensating cables; telecommunication cables such as optical fiber cables, polythene insulated jelly filled cables, aerial self-supporting cables, installation cables for digital exchanges, coaxial cables, CATV cables, data transmission cables, computer cables, and PCM cables; railway signaling cables including underground quad axle counter cables; specialized cables for defense, space research, fire survival, low smoke, and solar applications; and house wiring, building wires, and copper wires under the Paramount Cables brand. It also provides turnkey services encompassing construction, design, supply, engineering, installation, testing, and commissioning for power, railway, and telecom projects including OPGW and submarine cables. Paramount Communications Limited serves diverse sectors such as power, railways, telecom, IT and communications, construction, defense, space research, electronics, renewables, oil and gas, exports, and specialized EPC; its customers include government, institutional, and major private sector organizations both domestically and internationally. The company exports to over 50 countries including the UK, Spain, Russia, South Africa, UAE, Jordan, Oman, Kuwait, Qatar, Iraq, Sri Lanka, Ukraine, Chile, Tanzania, Ghana, Kenya, Zambia, Nepal, Bangladesh, and Nigeria. It operates manufacturing facilities in Khushkhera, Rajasthan, and Dharuhera, Haryana, with ISO 9001, ISO 14001, LPCB, and TUV certifications ensuring compliance with global quality standards including BIS, IEC, and BS specifications. Founded in 1955 as a small-scale unit by Late Mr. Shyam Sunder Aggarwal and headquartered in New Delhi, India, the company evolved from Paramount Cable Corporation established in 1978, listed on BSE and NSE since 1995, and has grown into one of India's largest cable manufacturers with a group turnover exceeding Rs 1,000 crore. Recent developments include board approval in August 2024 to raise up to Rs 400 crore through qualified institutional placement via equity shares or other securities, alongside increasing authorized share capital from Rs 80 crore to Rs 90 crore to fund growth initiatives; strong order book driving revenue growth of 46.1% YoY to Rs 676.95 crore in H1 FY25, supported by Rs 26.88 crore in capital investments for manufacturing enhancements; divestiture of a subsidiary on November 6, 2025; and Q2 FY26 results showing revenue of Rs 428 crore up 20.3% YoY despite a PAT dip.