How did Paramount Communications had performed in CABLES Industry?

• Founded: 1955
• Headquarter: New Delhi
• Listed on NSE, BSE Exchange: PARACABLES, 530555
• Industry: CABLES – ELECTRICALS
• Brand: Paramount Cables

Paramount Communications Profile:

Paramount Communications Ltd, part of the Paramount Cables Group, is one of India’s leading wire & cable manufacturing companies. Paramount Communications is one of the most trusted wires and cables companies in India.

Paramount Cables has a prestigious clientele that includes government, institutional and major private sector organizations, both national and international, in the Power, Telecom, Railways, I.T. and Communication, Construction, Defence and Space Research sectors amongst others.

Focused on manufacturing excellence, technological advancement, and customer satisfaction, Paramount continuously strives to meet & exceed global quality benchmarks and to provide total cabling solutions for its customers.

In the Blog of aaraichikurippukal, Paramount Communications has 10 positions in the top 10 electric wire companies in India.

Paramount Communications History:

In the year 1955, a small-scale cable manufacturing unit was set up as a family venture by Late Mr. Shyam Sunder Aggarwal, the founder chairman.

Following its success, he established a new unit under the name of Paramount Cable Corporation in the year 1978 and started supplying telecom cables to the Department of Telecommunications.

These beginnings with years of hard work eventually transformed to become one of the largest and most trusted names in the Indian cable manufacturing industry.

Diversification began with the manufacturing of specialized cables in the early 1980s. In the year 1984, it was the first company to be awarded the National Entrepreneurship Award by the President of India for Outstanding Achievement in the field of wire and cable manufacturing.

Paramount has consistently been recognized as one of the ‘Top 1000 Companies in India’ in the annual listing compiled by Business Standard Magazine. Other recognitions include the IMM Marketing Gold Award and AIIMO Visvesvaraya Entrepreneurship Award to name a few.

In  1995, the company floated its first IPO, thereafter becoming listed on stock exchanges in Mumbai, Kolkata, and Delhi. It is now listed on both the BSE and the NSE.

Paramount Communications Subsidiary:

• Paramount Holdings Limited (PHL), Cyprus
• AEI Power Cables Limited (APCL), United Kingdom

Paramount Communications Manufacturing Plant:

• Paramount Communications has two state-of-the-art facilities for the production of cables and wires.
  • One is located at Rajasthan and
  • second at Haryana.

Paramount Communications Product & Range:

• POWER CABLES
  • HT Aerial Bunch Cables
  • LT Aerial Bunch Cables
  • HT Power Cables
  • LT Power Cables
• Range of Power Cable
  • Low Tension (LT) and High Tension (HT) Power Cables
  • LT and HT Aerial Bunch Cables
  • Control Cables
  • Instrumentation Cables

• TELECOM CABLES
  • Optical Fibre Cables
  • Jelly Filled Cables
  • FTTH
  • Switched Board Cables
  • Jumper Wires
• Range of Telecom Cable
  • Optical Fiber Cables (OFC)
  • Fiber to the Home (FTTH) Cables
  • Jelly Filled Telephone Cables (JFT)
  • CATV Cables

• CONTROL CABLES
  • Screened Type
  • Unscreened Type
• DOMESTIC WIRES
  • Building Wire
  • Solar Cables
  • Multicore Cables
• SPECIAL CABLES
  • Railway Cables
  • Fire Survival Cables
  • Thermocouple
• Range of Special Products, EPC Services, Domestic Wires & Cables, Railway Cables
  • PTFE and Thermocouple Cables
  • Fire Survival Cables
  • Solar Cables
  • Signalling Cables
  • Railway Power
  • Axle Counter Cables
  • Building Wires
  • Submersible Cables
  • Multi-core Cables
  • Coaxial and LAN Cables
  • Telecom Consultancy and EPC
  • Power and Railway EPC Turnkey Projects
  • Submarine Cables Installation & Repair
  • Specialized Projects OPGW

Paramount Communications Product properties

• Resistant to fire temperatures of 950°C for 120 minutes
• Resistant to fire with intermittent water spray mimicking fireman’s water hose
• Resistant to fire with mechanical impact mimicking falling stones/debris
• Combination of resistance to fire with mechanical impact and water jet spray at a temperature of 830°C for a duration of two hours
• Limits the generation of toxic gases and fumes that hinder fire-fighting and rescue operations
• Only Indian cables brand with lead-free PVC, making it non-toxic and safe
• 100% conductivity and energy savings through the use of 99.97% pure high-quality copper
• Protection of the ozone layer by eliminating the release of halogen
• Low smoke and gas emission

Paramount Communications Revenue Breakup by Product Segment (%)

Paramount Communications Performance in FY21

Power Cables

In Paramount Communications, the power cables segment of the Company contributes the highest to the revenue mix contributing 51.1% to total revenue in FY 2020-21. total sales of the segment are ₹ 265.13 crore

Leveraging its broad range of products in the segment, Paramount communication is well-positioned to cater to increasing demand in the transmission & distribution sector.

Telecom Cables

Paramount Communications supplies high-quality and high-performance wires and cables to the telecommunication sector and has created a distinctive identity for itself in the market over the years. The total sale of OFC stood at ₹ 61.45 crores in FY 2020-21.

Railway Cables

Paramount Communications continues to be the largest supplier of specialized cables for the Indian Railways. The segment contributed 20.7% to the total revenue. In FY 2020-21, total sales of the segment are ₹ 107.21 crores. The segment is well-poised to deliver further growth mainly on account of the Government’s focus on electrifying the Indian Railways.

Domestic Wires

Paramount Communications has boasted of an extensive range of fire-retardant housing products and has been receiving excellent traction from the markets over the years. The revenue from the domestic wires increased 17.36% in FY 2020-21 to ₹40.22 crores.

Paramount Communications Strength and Growth

Paramount Communications trends are shaping the market for wires and cables in India as well as in international markets

Power cables portfolio is a major contributor to their revenues. The Government’s schemes such as Ujwal Discom Assurance Yojana (UDAY) and Integrated Power Development Scheme (IPDS) to develop a robust transmission
and distribution network to provide a further fillip to our business performance

The construction sector portfolio enables us to meet diverse needs across all infrastructure segments. Backed by quality credentials and strong customer relationships, we remain focused on tapping unfolding opportunities.

Optical fiber cables (OFC) Powered by a robust portfolio of products that serve the requirements of 4G and 5G networks, we are at a vantage point to capture the expanding opportunities in the Indian communications market.

Paramount Communications is a trusted provider of specialized cables for the Indian Railways. Continued focus on enhancing capabilities and operational efficiency in this segment further reinforces the position to capture the growing demand for railway cables.

Paramount Communications Financial Position:

• Revenue from operations: 519 Crores
• Profit before tax: 3.1 Crores
• Profit of the Year FY21: 3.1 Crores

• Key Ratio are
  • Inventory Turnover: 4.12
  • Debt Equity Ratio: 0.95
  • Return on Net Worth: 1.68%

Sources: Paramount Communication