Is Paramount Communications the Best Stock in Its Sector? A Look at the Numbers

Paramount Communications CMP Rs 56 (05 Oct 2026). Market cap Rs 1,849 Cr. ROE 7.68%. P/E 30.37x versus Industry P/E 47.78x.

Is Paramount Communications the best stock in its sector? The stock trades on the NSE at Rs 56 as of 05 October 2026, within its 52-week range of Rs 28.30 to Rs 75.70. Paramount Communications Ltd manufactures power, telecom and specialty cables and conductors.

Paramount Communications sits in the Electricals sector, and its 7.68% ROE and 30.37x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector’s Industry P/E benchmark.

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About Paramount Communications

Paramount Communications Ltd manufactures power, telecom and specialty cables and conductors. The stock is trading in the upper half of its 52-week range after roughly doubling from its 52-week low, and it is still about 25 percent below its high. At a market capitalisation of Rs 1,849 Cr, it is tracked as part of the Electricals sector on Univest.

Is Paramount Communications the Best Stock in Its Sector?

Paramount Communications makes its case as the best stock in its sector primarily on valuation relative to its Industry P/E, combining a 7.68% ROE with a 30.37x P/E against the sector’s 47.78x Industry P/E. Paramount Communications’ 30.37x P/E is below the 47.78x Industry P/E, but the benchmark is skewed by richer names and a 7.68% ROE is modest, so the discount should not automatically be read as a bargain after the stock roughly doubled from its low.

Metric	Paramount Communications
CMP (NSE)	Rs 56.43
52-Week High / Low	Rs 75.70 / Rs 28.30
Market Cap	Rs 1,849 Cr
P/E (TTM) vs Industry P/E	30.37x vs 47.78x
P/B	2.12
ROE	7.68%
EPS (TTM)	Rs 1.86
Dividend Yield	0.00%
Debt to Equity	0.16

Compare Paramount Communications Against Other Electricals Sector Stocks

How Paramount Communications Compares Against Its Electricals Sector Peers

The table below sets Paramount Communications against 2 other Electricals sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.

Company	Market Cap (Rs Cr)	P/E	ROE	Debt to Equity
Paramount Communications	1,849	30.37	7.68%	0.16
Mangal Electrical Industries	732	15.59	7.31%	0.08
Modison	1,508	14.85	26.41%	0.64
Peer average (2 companies)	–	15.22	16.86%	0.36

Against this peer set, Paramount Communications’s 7.68% ROE is below the 16.86% peer average, and its P/E of 30.37x runs above the peer average of 15.22x. Paramount Communications’ 30.37x P/E is below the 47.78x Industry P/E, but the benchmark is skewed by richer names and a 7.68% ROE is modest, so the discount should not automatically be read as a bargain after the stock roughly doubled from its low.

What Makes Paramount Communications Worth Watching in Electricals

• Below Industry P/E: A 30.37x P/E against a 47.78x Industry P/E is a discount, though that benchmark is skewed by richer names and the ROE of 7.68% is modest.
• Low leverage: A debt to equity ratio of 0.16 is comfortable for a cable manufacturer.
• Cables and conductors range: Manufacturing power, telecom and specialty cables and conductors gives Paramount Communications a diversified product range across end markets.

Paramount Communications Valuation: Is It Justified?

Paramount Communications’ 30.37x P/E is below the 47.78x Industry P/E, but the benchmark is skewed by richer names and a 7.68% ROE is modest, so the discount should not automatically be read as a bargain after the stock roughly doubled from its low. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.

Also read – Is Oricon Enterprises the Best Stock in Its Sector? A Look at the Numbers

Download the Univest iOS App or Univest Android App to track Paramount Communications and other Electricals sector stocks.

How to Track Paramount Communications Before You Invest

Before deciding whether Paramount Communications deserves its label as the best stock in its sector for your own portfolio, compare it directly against Electricals sector peers using the steps below.

1. Open the Univest Screener and search for Paramount Communications to view live price, valuation ratios, and peer comparisons within the Electricals sector.
2. Compare its P/E, P/B, and ROE against other Electricals sector stocks before deciding if the current valuation fits your strategy.
3. Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
4. Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.

Conclusion

Paramount Communications is worth researching mainly on valuation, with a P/E of 30.37x against a 47.78x Industry P/E, but a 7.68% ROE is modest, so the case for calling it the best stock in its sector rests on more than current returns. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.

Is Paramount Communications the best stock in its sector?

Ans. Paramount Communications has a 7.68% ROE and trades at 30.37x P/E against a 47.78x Industry P/E, and compares below the peer average ROE of 16.86% in this article’s named comparison, so the answer depends on what an investor is prioritising.

What is the current share price of Paramount Communications?

Ans. Paramount Communications was trading at Rs 56.43 on the NSE as of 05 October 2026, within its 52-week range of Rs 28.30 to Rs 75.70.

What sector does Paramount Communications belong to?

Ans. Paramount Communications is classified under the Electricals sector on Univest.

How does Paramount Communications compare to its sector peers on P/E?

Ans. Paramount Communications’s P/E of 30.37x is above the 15.22x average of the 2 named peers compared in this article.

What is Paramount Communications’s return on equity?

Ans. Paramount Communications reported a return on equity of 7.68%, which is below the 16.86% average of its named peers in this comparison.

Should I invest in Paramount Communications based on its sector position?

Ans. Paramount Communications’s sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.

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