Synopsis:
A newly listed cable manufacturer saw shares rise after securing an Rs 18.21 crore DISCOM order. FY24-25 revenue grew 71% and net profit surged 300%. The company serves diverse sectors, operates two plants, and demonstrates strong operational efficiency and growth potential.
The shares of prominent cable manufacturers gained up to 3 percent in today’s trading session after the company bagged a significant work order from the State Electricity Distribution Company (DISCOM) worth Rs 18.21 crore
With a market capitalization of Rs 150.44 crore, the shares of Prime Cable Industries Limited were trading at Rs 82.10 per share, increasing around 0.55 percent as compared to the previous closing price of Rs 81.65 apiece.
Significant Order
The shares of Prime Cable Industries Limited have seen bullish movement after bagging a significant work order from the State Electricity Distribution Company (DISCOM) worth Rs 18.21 crore for Design, manufacturing, type testing, Inspection, and supply of LT Cable. The order should be executed in 4 months.
Financial & operational Highlights
The company delivered strong financial growth in FY24-25, with revenue jumping 71% to Rs 141 crore from Rs 82 crore. Net profit surged 300% to Rs 8 crore, reflecting improved operational efficiency, robust demand, and effective cost management, signaling a positive outlook for continued expansion and profitability.
Prime Cable Industries is engaged in the manufacturing and sale of a wide range of cables and conductors. Its product portfolio includes low-voltage (up to 1.1 KV) control cables, power cables, aerial bunch cables, instrumentation cables, housing and building wires, and conductors.
Prime Cable runs two manufacturing plants in Narela, Delhi, and Alwar, Rajasthan, handling all production in-house. It serves both government and private clients, securing orders through direct procurement, vendor approvals, and competitive tenders, reflecting a diversified customer base and structured operational approach.
Also read: Chemical stock in focus as Prabhudas Lilladher expects 69% QoQ net profit jump in Q2 FY26
Prime Cable Industries caters to a wide-ranging clientele, including major EPC companies, electricity boards, and public sector units in power generation, transmission, and distribution. The company also serves sectors like oil and gas, mining, steel, real estate, and electric panel manufacturing, reflecting a diversified customer base that supports stable revenue streams and reduces dependence on any single industry.
Prime Cable Industries IPO saw a weak start, listing at Rs 81 against the issue price of Rs 83, posting a loss of Rs 2 per share (down 2.41%). With a minimum investment of Rs 1,24,800 and an issue size of Rs 40 crore, this debut did not reward investors, reflecting tepid market sentiment and limited demand during its September 2025 bidding window.
Written by Abhishek Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
