64.01↑-1.30 (-1.99%)12:00 AM,8th Dec 2023
BSE : 531255
Sector : Financials
ISIN Code : INE015E01012
Last Updated: Dec 08 2023 | 12:00 AM IST
Paragon Finance Ltd. is a non-banking financial company. The Company is engaged in providing loan against security of vehicles investment in shares and mutual funds and finance business concerns individuals and companies. The Company operates in areas such as automobile finance shares inter corporate deposits (ICD) real estate and commodity market. The Companys subsidiary includes Olympia Credits & Mercantile Limited. Olympia Credits & Mercantile Limited's principal product includes investment and finance. Paragon Finance Ltd stepped into the finance market on July 21 1986 by the initiative of Late Shri Radhey Shyam Gupta at Kolkata with Mr. Aloke Gupta and Mr. Manoj Gupta as the First Directors. Initially formed as 'PARAGON FINANCE AND PLYWOOD INDUSTRIES LTD' the company changed its name to 'PARAGON FINANCE LTD' on August 16 1993 and till date is continuing with the same name. The Company came out with its Public Issue in the year 1995. Since then the Company is listed on the Bombay Stock Exchange having a paid-up Share Capital of Rs. 425 Lacs.Paragon Finance Ltd is playing a vital role in providing aid to the unemployed mass through easy and lucrative finance facility at easy on the pocket cost. Un cumbersome procedure with least formalities on the documentation part attract those who find it tough to get finance from the conventional modes of banks & other financial institutions. Thus the company is are providing employment to the citizens through economic aid via monthly installments for financing small and big commercial vehicles that gives earning in the hands of unemployed families. It has its reach at cities as well as outskirts of Jharkhand Bihar West Bengal & Bangalore that helps to enhance its customer base over wide area.The business model of Paragon has evolved in such a manner that the company has some of the lowest default rates in the industry not to mention a huge IRR of 24% from its core activities. This alone makes Paragon a much studied entity and perhaps explains the steady and stoical movement of it earning graphs which seems unaffected by external factors.
Paragon Finance Ltd Intimation Of Outcome Of Board Meeting For Taking On Record The Audited Financial Results For The Year Ended 31St March 2023.
|Market Cap (₹ Cr)|
|EPS - TTM (₹) [S]|
|P/E Ratio (X) [S]|
|Face Value (₹)||10|
|Latest Dividend (%)||-|
|Latest Dividend Date||-|
|Dividend Yield (%)||-|
|Book Value Share (₹) [S]||68.44|
|P/B Ratio (₹) [S]||0.94|
|[*C] Consolidated [*S] Standalone|
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Director & CFO : Aloke Kumar Gupta
Non-Exec. & Independent Dir. : Suvobrato Ganguly
Executive Director & CS : Sanjay Kumar Gupta
Non-Exec. & Independent Dir. : Anny Jain.