Paramount Communications vs Universal Cables: Share Price, PE, ROE Compared

Paramount Communications vs Universal Cables is a comparison cable manufacturers investors look up when evaluating two listed Indian companies in the specialty cable segment. Paramount Communications, a Delhi-based company, manufactures telecommunication cables (jelly-filled, OFC, HDPE pipes) for telecom operators and defence, plus LT and HT power cables. Universal Cables, a Mumbai-based company (Birla Group), manufactures LT and HT power cables, control cables and optical fibre cables for power, railways and industry. The Paramount versus Universal Cables comparison covers telecom and specialty cables versus diversified power cables.

This Paramount Communications vs Universal Cables article covers reach and market position, key products, latest declared results and stock valuation. All data is sourced from Groww and public company filings.

Reach and Market Position

In this Paramount Communications vs Universal Cables comparison, Paramount Communications supplies OFC (optical fibre cables), telecom copper cables and power cables to BSNL, defence, power utilities and infrastructure projects. Market capitalisation is Rs 2,201 Cr.

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Universal Cables supplies LT/HT power cables, XLPE cables, control cables and OFC to power distribution companies, railways and industrial customers. Market capitalisation is Rs 5,893 Cr.

Key Products and Business Mix

For the Paramount Communications vs Universal Cables product breakdown, Paramount Communications: Paramount earns from telecom cables, OFC and power cable sales. EPS is Rs 1.83. PE is 36.75x, ROE 7.68 percent, D/E 0.16.

Universal Cables: Universal Cables earns from LT/HT power cable and OFC sales. EPS is Rs 57.65. PE is 29.46x (cheaper), ROE 8.71 percent, D/E 0.62.

Latest Results and Financial Data

On the Paramount Communications vs Universal Cables results front: Paramount Communications has a market cap of Rs 2,201 Cr and PE of 36.75x. ROE is 7.68 percent. Universal Cables is 2.7 times larger.

Universal Cables has a market cap of Rs 5,893 Cr and PE of 29.46x. ROE is 8.71 percent. Universal is cheaper on PE with a slightly higher ROE.

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Stock Performance and Valuation

Investors tracking the Paramount Communications vs Universal Cables comparison should verify current prices on NSE or BSE before trading. The Paramount Communications vs Universal Cables stock data below reflects the latest available figures from Groww and public company filings.

Paramount Communications versus Universal Cables: Paramount (PE 36.75x, ROE 7.68%) vs Universal (PE 29.46x, ROE 8.71%). Comparing Paramount and Universal Cables, Universal is cheaper on PE with slightly higher ROE. Both are mid-tier cable companies in a growing market.

Paramount Communications vs Universal Cables: Quick Comparison Table

The comparison table below summarises the key metrics side by side.

Parameter	Paramount Communications	Universal Cables
Sector	Telecom + OFC + power cables: BSNL + defence + utilities (Delhi)	LT + HT power + control + OFC cables: power utilities + railways (Birla, Mumbai)
Market Cap	Rs 2,201 Cr	Rs 5,893 Cr
P/E Ratio	36.75x	29.46x (cheaper)
ROE	7.68%	8.71% (slightly higher)
Debt to Equity	0.16	0.62
Specialty	Telecom cables + OFC (BSNL, defence focus)	Power cables + XLPE + control cables (utilities)
Dividend Yield	None	0.26%

Conclusion

The Paramount Communications vs Universal Cables comparison above covers reach, products, results and valuation. Paramount Communications versus Universal Cables covers telecom and specialty cables versus diversified power cables. Universal Cables is cheaper on PE and has slightly higher ROE as a larger, more diversified cable maker. Paramount specialises in telecom cables. The Paramount and Universal Cables comparison shows two mid-tier companies in India's growing cable market. Consult a SEBI-registered advisor for personalised guidance.

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Frequently Asked Questions

What does Paramount Communications make?

Ans. Paramount Communications makes optical fibre cables (OFC), jelly-filled telecom copper cables, HDPE duct pipes for telecom and LT/HT power cables for utilities and defence.

What does Universal Cables make?

Ans. Universal Cables makes LT and HT power cables (XLPE insulated), control cables, instrumentation cables and optical fibre cables for power utilities, railways and industrial customers.

What is OFC cable?

Ans. OFC (Optical Fibre Cable) uses glass fibres to transmit data as light pulses – far faster and over longer distances than traditional copper cables. OFC is used in telecom networks, internet backbone and data centres.

Which is larger, Paramount or Universal Cables?

Ans. Universal Cables at Rs 5,893 Cr is approximately 2.7 times larger than Paramount Communications at Rs 2,201 Cr.

Are these companies in Nifty 50?

Ans. Neither is in Nifty 50.

Does Universal Cables pay dividends?

Ans. Yes. Universal Cables pays approximately 0.26 percent dividend yield.

What is XLPE cable?

Ans. XLPE (Cross-Linked Polyethylene) insulated cables can operate at higher temperatures and voltages than conventional PVC cables. XLPE cables are used for underground HT power distribution.