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HomeSTOCKS₹96 Share: 60 Years Old Company; 718% Return; Client: Indian Oil; ₹180...

₹96 Share: 60 Years Old Company; 718% Return; Client: Indian Oil; ₹180 Target

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Paramount Communications Ltd (NSE: PARACABLES) Share Today: There was a massive drop in bank shares on Wednesday.

On Wednesday, amid the record-breaking decline in the market, stocks of Paramount Cables were rising by 4.51 percent and were trading at a level of 96.80 with an increase of 4.15. 

Over the last month, stocks of Paramount Cables have given a profit of 17 percent to investors. 

The shares have surpassed the mark of Rs 82 and Rs 96 on the 18th of December.

Shares of Paramount Cables, which has offered a return of 174 percent to investors in the past 6 months, were trading for 35 rupees on the 17th of July. 

From the lowest of Rs 11.75 on the 18th of January in 2019, the shares held by Paramount Cables have given an impressive 718 percent return to investors.

Paramount Cables is about 60 years old and produces electrical cables and telecom cables, cables for control, wires domestic special cables, and more. 

It also produces cables for railways as well as large infrastructure projects. Paramount Cables also provides integrated range-related solutions for a variety of projects.

Paramount Cables’ customers include Power Grid Corporation of India, National Thermal Power Corporation, Bharat Heavy Electricals Limited along Indian Oil along with companies belonging to various agencies that are part of the Government of India. 

Paramount Cables has orders worth more than 362 crore rupees.

About Paramount Communications Ltd

Paramount Communications Ltd is part of the Paramount Cables Group. It is among the top manufacturers in India of Wires and Cables comprising power cables, telecom cables railway cables, as well as specialized cables. 

It is a reputable export base. It has offices in a variety of countries like its home country of the UK, Spain, Russia, South Africa, UAE, Nepal, Bangladesh, and numerous other countries. 

The company offers a broad collection of products that include Fire Survival Cables, HV and LV Power Cables, Instrumentation and Data Cables, Railway Cables, Optical Fiber Cables, various Telecom Cables, Specialised Cables, and others.

Fundamental Analysis of Paramount Communications Ltd

Market Cap₹ 2,707 Cr.
Current Price₹ 96.50
52-wk High₹ 98.50
52-wk Low₹ 27.90
Stock P/E32.54
Book Value₹ 16.7
Dividend0.00 %
ROCE13.8 %
ROE21.2 %
Face Value₹ 2.00
P/B Value5.87
OPM7.29 %
EPS₹ 2.89
Debt₹ 151 Cr.
Debt to Equity0.38

Paramount Communications (Paracables) Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 122₹ 192
2025₹ 200₹ 225
2026₹ 230₹ 250
2027₹ 310₹ 380
2028₹ 400₹ 430
2029₹ 450₹ 490
2030₹ 500₹ 640
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Paramount Communications Shareholding Pattern

Promoters Holding
Dec 202262.12%
Mar 202362.12%
June 202363.90%
Sept 202362.68%
Nov 202353.51%
FII Holding
Dec 20220.07%
Mar 20230.55%
June 20230.86%
Sept 20230.52%
Nov 20237.61%
DII Holding
Dec 20220.00%
Mar 20230.00%
June 20230.00%
Sept 20230.21%
Nov 20230.10%
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Public Holding
Dec 202237.80%
Mar 202337.34%
June 202335.24%
Sept 202336.58%
Nov 202338.79%

Paramount Communications Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 614 Cr
2020₹ 606 Cr
2021₹ 518 Cr
2022₹ 580 Cr
2023₹ 883 Cr

Last 5 Years’ Net Profit:

2019₹ 29 Cr
2020₹ 26 Cr
2021₹ 3 Cr
2022₹ 8 Cr
2023₹ 62 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20191.39
20201.03
20210.9
20220.87
20230.63

Last 10 Years’ Profit Growth:

10 Years:11%
5 Years:43%
3 Years:22%
Current Year:128%

Last 10 years’ Return on Equity (ROE):

10 Years:
5 Years:13%
3 Years:10%
Last Year:21%

Sales Growth Over 10 Years:

10 Years:2%
5 Years:13%
3 Years:9%
Current Year:22%

Conclusion

This article is a complete guide about Paramount Communications Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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If you have any further queries, please comment below. We will be happy to answer all your questions. 

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Also Read: 170% Return From The Level Of ₹329: Now 1,799 Crore New Investment; Govt Share

Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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