Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Paramount Communications's current ratio for the quarter that ended in Mar. 2026 was 2.42.
Paramount Communications has a current ratio of 2.42. It generally indicates good short-term financial strength.
The historical rank and industry rank for Paramount Communications's Current Ratio or its related term are showing as below:
NSE:PARACABLES'
s Current Ratio Range Over the Past 10 Years
Min: 1.17 Med: 2.87 Max: 3.9
Current: 2.42
During the past 13 years, Paramount Communications's highest Current Ratio was 3.90. The lowest was 1.17. And the median was 2.87.
NSE:PARACABLES's Current Ratio is ranked better than 61.7% of 2499
companies
in the Hardware industry
Industry Median: 1.97
vs NSE:PARACABLES: 2.42
Paramount Communications (NSE:PARACABLES) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Paramount Communications Current Ratio Related Terms
Paramount Communications Current Ratio Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:PARACABLES vs CSCO, CIEN, MSI: Current Ratio Comparison
For the Communication Equipment subindustry, Paramount Communications's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Paramount Communications Current Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Paramount Communications's Current Ratio distribution charts can be found below:
* The bar in red indicates where Paramount Communications's Current Ratio falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Paramount Communications (NSE:PARACABLES) has a Current Ratio of 2.42 as of Mar. 2026. This is 16% below median its historical median of 2.87. Over the past decade, Paramount Communications' Current Ratio has ranged from 1.17 to 3.90. According to the industry distribution chart, Paramount Communications ranks #957 out of 2499 companies in the Hardware industry, placing it in the top 38.3%.
Is Paramount Communications' Current Ratio too high?
Paramount Communications' current Current Ratio of 2.42 is 16% below median its 10-year median of 2.87. Over the past 10 years, this metric has ranged from a low of 1.17 to a high of 3.90. The Hardware industry median Current Ratio is 1.97. Paramount Communications' value of 2.42 is 22.8% above this industry median. Based on the distribution chart, Paramount Communications ranks #957 out of 2499 companies in the Hardware industry, which is above the industry midpoint. Overall, Paramount Communications has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Paramount Communications' Current Ratio compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Paramount Communications ranks #957 out of 2499 companies for Current Ratio. This puts Paramount Communications in the upper half of its industry. The industry median Current Ratio is 1.97. Paramount Communications' value of 2.42 is 22.8% above this benchmark. Historically, Paramount Communications' own Current Ratio has ranged from 1.17 to 3.90 over the past decade. While the company's 10-year median is 2.87 vs. the industry median of 1.97, Paramount Communications has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for a Hardware company?
The median Current Ratio among Hardware companies is 1.97, based on 2,499 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Paramount Communications's current Current Ratio of 2.42 is 22.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Hardware industry, the median Current Ratio is 1.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Paramount Communications's current Current Ratio is 2.42, which is 16% below median its own 10-year median of 2.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Paramount Communications stock overvalued right now?
Based on GuruFocus' analysis, Paramount Communications (NSE:PARACABLES) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹86.86, compared to a current price of ₹65.99 — trading 24% below its estimated fair value. The current Current Ratio is 2.42, which is 16% below median its 10-year median of 2.87 and 22.8% above the Hardware industry median of 1.97. Paramount Communications' overall GF Score™ is 86/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Paramount Communications (NSE:PARACABLES), the current Current Ratio is 2.42 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Paramount Communications (NSE:PARACABLES) Overvalued in 2026?
Based on GuruFocus' analysis, Paramount Communications stock appears to be undervalued.
The current stock price of ₹65.99 is trading 24% below its estimated GF Value™ of ₹86.86.
GuruFocus considers Paramount Communications to be Modestly Undervalued.
Key valuation signals for NSE:PARACABLES:
Current Ratio: 2.42 (16% below median its 10-year median of 2.87)
GF Value™: ₹86.86 vs. price of ₹65.99 (24% below fair value)
Industry Position: 22.8% above the Hardware median (#957 of 2499)
No single metric tells the full story. See the NSE:PARACABLES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Paramount Communications Ltd is a wire and cable manufacturing company. Its product portfolio consists of low-voltage and high-voltage power cables, aerial bunch cables (ABC), control and instrumentation cables, thermocouple extension and compensating cables, fire performance cables, and others. Its products are used in the power, railways, telecom and information technology (IT), petrochemicals, construction, and defense industries. The company operates in a single business segment which is Wire and Cables comprising of power cables, telecom cables, railway cables and specialised cables.
86GF Score
Get the complete analysis for NSE:PARACABLES
Current Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:PARACABLES has been successfully added to your 
