Paramount Communications Limited
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12turns
0analyst exchanges
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Key numbers — 40 extracted
50%
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6%
43%
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22%
8%
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11%
24%
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Guidance — 2 items
Consolidated Balance sheet
opening
“➢ Paramount's diversified portfolio spanning across 2,500+ SKUs places them in a favorable position to capitalize on the increasing demand in the C&W industry across various sectors, projected to grow at a CAGR of 15%.”
Management Commentary
opening
“To continue our growth in international markets, we have a robust plan to establish our brand and supply chain in the lucrative USA, European and Australian markets, with the aim of achieving a minimum of 20% growth in FY24.”
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Opening remarks
About us
➢ Incorporated in the year 1955, Paramount Communications Limited (Paramount) is India’s one of the leading cables and wires manufacturer and markets its products under the brand “paramount cables”, known for its quality and reliability. ➢ Paramount’s product portfolio comprises of high-quality power cables, railway cables, telecom cables, domestic wires, specialized cables, and offers turnkey services to telecom, power, railway sectors. Paramount also offers specialized services like undersea cables installation & repair, live installation of OPGW on overhead High-Tension Power lines, and installation of optical fiber & Railway signaling cables network. ➢ Paramount was the first mover in the India to provide the following: 1. 2. Laying and repairing undersea cables. Introducing non-toxic, lead-free house wires in India. 3. Development of many path breaking products in the cables industry. ➢ Paramount has two production facilities which are certified by various Indian and global agenci
Product Portfolio
▪ Low Tension (LT) & High Tension (HT) Power ▪ LT & HT aerial bunch cables ▪ Screened & Unscreened cables ▪ Control Cables ▪ Instrumentation Cables ▪ Thermocouple Cables Power ▪ Optical Fibre cables ▪ Fibre to home cables ▪ Jelly filled cables ▪ Co-axial & Lan cables ▪ Television cables Domestic Wires Telecom ▪ Fire survival cables ▪ Solar cables ▪ PTFE cables ▪ Underwater Installation Special cables Railways Turnkey services ▪ Building wire ▪ Multicore cables ▪ Submersible Cables ▪ Signalling Cables ▪ Railway Power Cables ▪ Axle Counter Cables ▪ ▪ ▪ ▪ Laying & Repair of Undersea Cables OPGW Cables Live Installation Optical Fiber & Railway Signaling cables network installation Telecom consultancy
Our Strengths
➢ Paramount has a presence in 15+ countries spread across 6 continents. Exports account for more than 50% contribution to revenue in FY23 with USA being the dominant export market. ➢ Paramount received all the major Indian and International accreditations like BSI, IEC, ASTM etc. which provides assurance about quality and reliability of its products. ➢ The company is an approved and preferred vendor for supplying cables to various PSUs and private sector companies offering the diversity and constant demand. ➢ Paramount’s clientele consists of the reputed names such as: PSUs: IOCL, DMRC, MMRCL, EIL, NTPC, BPCL, PGCIL, UHBVN, NPCIL, PDIL, BHEL, BSNL, ISRO, DAE, SAIL, Indian Railways, RDSO, IRCON, RITES. Private: L&T, Adani, Tata Power, Tata Projects, Sterling & Wilson, Kalpatru JK Cement, Tata Power, Toshiba, ABB, Vikram Solar, Renew Power, GE T&D, Steel, Hitachi Energy , BSES Power, KEC International, Texmaco.
Segment-wise Revenue Distribution
FY22 Others 1% EPC Projects 6% Power Cables 43% FY23 EPC Projects 3% Others 2% Exports 22% Domestic Wires 8% Telecom Cables 9% Railway Cables 11% Exports 50% Power Cables 24% Railway Cables 8% Telecom Cables 6% Domestic Wires 7% Comparison of FY22 vs FY23: R e v e n u e F r o m O p e r a t i o n s ( R s I n M n . ) ₹ 7,964.67 Profits (Rs In Mn.) EBITDA PAT ₹ 642.02 ₹ 5,809.36 ₹ 477.68 ₹ 241.59 ₹ 82.05 F Y 2 2 F Y 2 3 FY22 FY23 9.00% 8.00% 7.00% 6.00% 5.00% 4.00% 3.00% 2.00% 1.00% 0.00% 3 2 1 0 4.13% 1.40% FY22 0.42 FY22 Margins EBITDA Margin (%) PAT Margin % Diluted EPS 7.90% 5.88% FY23 2.4 FY23
Balance Sheet Ratios
Balance Sheet Ratios 1.00 0.90 0.80 0.70 0.60 0.50 0.40 0.30 0.20 0.10 0.00 0.87 4.07% 2.93% FY22 16.19% 0.54 9.43% 18.00% 16.00% 14.00% 12.00% 10.00% 8.00% 6.00% 4.00% 2.00% 0.00% Debt to Equity ROCE ROE FY23 Comparison of Q4 FY22 vs Q3 FY23 vs Q4 FY23: Revenue From Operations (Rs. Mn) ₹ 2,180.89 ₹ 2,020.78 ₹ 1,831.76 200.00 180.00 160.00 140.00 120.00 100.00 80.00 60.00 40.00 20.00 0.00 ₹ 83.30 ₹ 48.67 Profits (Rs. in Mn) ₹ 189.36 ₹ 178.47 ₹ 143.18 ₹ 138.01 Q4 FY22 Q3 FY23 Q4 FY23 EBITDA PAT Q4 FY22 Q3 FY23 Q4 FY23 Margins 8.53% 6.45% 8.55% 6.61% 4.51% 2.63% Q4 FY22 Q3 FY23 Q4 FY23 EBITDA Margin (%) PAT Margin % 2300 2200 2100 2000 1900 1800 1700 1600 10.00% 8.00% 6.00% 4.00% 2.00% 0.00%
Consolidated Income Statement
Particulars (Rs. Mn) Q4 FY23 Q4 FY22 YoY% Q3 FY23 FY23 FY22 YoY% Revenue from Operations 2,020.78 1,831.76 10.32% 2,180.89 7,964.67 5,809.36 37.10% Other Income Total Revenue 65.95 15.99 39.09 162.53 37.43 2,086.74 1,847.75 2,219.98 8,127.20 5,846.79 Total Expenses excluding Depreciation, Amortization & Finance Cost 1,908.27 1,764.45 2,030.62 7,485.17 5,605.21 EBITDA EBITDA Margin (%) Depreciation & Amortization Finance Cost PBT before Exceptional Item Exceptional Items PBT Tax PAT PAT Margin % Other comprehensive profit / loss Net PAT Diluted EPS 178.47 8.55% 22.81 17.65 138.01 - 83.30 114.25% 189.36 642.02 241.59 165.75% 4.51% 404 BPS 8.53% 7.90% 4.13% 377 BPS 24.33 10.30 48.67 - 23.49 22.70 92.58 71.77 143.18 477.68 - - 95.45 64.09 82.05 - 138.01 48.67 143.18 477.68 82.05 - 138.01 6.61% -0.84 137.17 0.67 - 48.67 183.58% 2.63% 398 BPS 3.45 52.12 0.25 - 143.18 6.45% 1.46 144.64 0.72 - 477.68 5.88% 3.55 481.22 2.40 - 82.05 482.16% 1.40% 447 BPS 5.86 87.91 0.42
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