Synopsis:
A leading cable manufacturer has delivered stellar growth backed by capacity expansion, strong order visibility, and institutional interest. With major PSU clients, nationwide reach, and ambitious scaling plans, it remains well-positioned for sustained momentum in India’s power and infrastructure sectors, though valuations demand cautious optimism.
Since its 2021 listing, this cable manufacturer has surged 831%, emerging as a standout multibagger in India’s electricals theme. The rally is now backed by renewed institutional attention, with ace investor Ashish Kacholia making a fresh Q2 FY26 entry. Strong order visibility, capacity expansion, and tailwinds in power and rail position the company for continued momentum, though valuations warrant discipline.
With a market capitalization of Rs 1,333 crore, the shares of V Marc India Limited closed at Rs 546 per share, decreased around 6.23 percent as compared to the previous closing price of Rs 513.90 apiece.
Fresh investment in Q2FY26
As of September 2025, Ashish Kacholia made fresh investment by acquiring 661,000 shares, representing a 2.71 percent stake, reflecting his confidence in the company. With holdings across 51 publicly disclosed stocks, his portfolio’s net worth exceeds Rs 2,900 crore, underscoring his status as a prominent investor with significant influence in India’s equity markets.
The company delivered a strong financial performance, with revenue rising 62% to ₹560 crore and net profit soaring 127% to ₹25 crore in H2FY25. The sharp profit surge highlights improved operational efficiency, strong demand, and effective cost management, signaling robust growth momentum and enhanced profitability ahead.
V-Marc India is a leading manufacturer of electrical wires and cables, specializing in innovative and sustainable solutions for various industrial and domestic needs. The company’s core mission is to provide high-quality, reliable, and eco-friendly electrical solutions that meet the evolving needs of its customers.
The company operates two manufacturing facilities with a combined production capacity of 169,020 km for FY24-25. It owns 49,400 sq. mt. of land, boasts a network of over 950 dealers, reaches 19 states across India, and partners with 150+ turnkey EPC contractors, underlining its wide operational scale and strong market presence in the sector.
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The new development site shows significant progress from March 2024 to March 2025, with major facility expansion marked out. The strategic land addition adjacent to the original plant is designed to enable smooth operational scaling. Completion is expected by H2 FY26, with the expanded site set to contribute to output and efficiencies by the end of FY26.
The company projects a robust 40–50% revenue growth for FY26, focusing on innovating products, boosting capacity, and expanding distribution. EBITDA margins are expected to remain healthy at 11–12% through operational efficiency and a high-margin product push. Ambitious plans aim for capacity to rise from 1.69 to 7 lakh km in five years, targeting stronger market presence and supply.
V Marc India Limited has a strong and diversified customer base, including major PSUs, infrastructure giants, and public sector utilities like SAIL, BHEL, ONGC, Indian Oil, and Indian Railways. This highlights the company’s reliability and strong credentials as a trusted supplier for India’s critical sectors, ranging from power to transport, defence, and telecommunications.
Written by Abhishek Singh
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