Prime Cable Industries Limited(PRIMECAB)

NSE: PRIMECAB

₹ 170-2.10%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 312 crUpdated: 24 Oct 2026

About

Prime Cable Industries Limited makes and supplies cables and conductors, and has run commercial operations since 1997. It sells LT wires and cables made to order to business (B2B) and government (B2G) customers. Revenue from operations was INR 23,487.68 lakhs in FY26, up from INR 14,097.72 lakhs in FY25. It is adding medium voltage cables of up to 33 kV at a new plant in Ghiloth, Rajasthan.^[1]

Products and certifications

Makes and supplies cables and conductors; LT wires and cables are made to order for B2B and B2G clients (FY26).^[1]
Power cable sales rose 321% YoY and control cable sales rose 43% YoY in FY26.^[2]
BIS licence for power cables upgraded from 3.3 kV to 33 kV, plus a new BIS licence for aluminium alloy stranded conductors (as of Q3 FY26).^[3]
Gained BIS certification for MV power cable (IS 7098 part 2), ACSR connectors (IS 398 part 6) and solar cables (1500V DC, Class 5), marking its entry into renewables (Q1 FY27).^[2]

Plants and capacity

Runs two existing units: Narela (Unit 1) and Ghiloth (Unit 2); both reached 85% utilisation in March 2026.^[2]
Installed capacity was 34,000 kms in FY26.^[2]
Annualised utilisation was 55% in FY26, up from 41% in FY25; about 55% for cables and about 70% for wires in FY26.^[2][3]
Existing production capacity was about INR 350 crores of revenue (H1 FY26).^[4]
In FY26 it extended its existing factory shed and installed additional machinery to handle rising client orders.^[1]

Order book and bidding

Unexecuted order book was ₹191 cr as of 15 May 2026, up from ₹170 cr at end FY26, to be executed over the next 4-6 months.^[2]
Order book was INR 130 crores at 31 Dec 2025 and INR 106 crores at end H1 FY26.^[3]
After FY26 year-end it won its largest-ever order, worth INR 32 crore, from a private EPC contractor for HD cables, LTAB cables and covered conductors.^[5]
Bid win ratio was 30% and client retention rate 68.4% in FY26.^[2]
Tender pipeline was INR 500-600 crores+ in H1 FY26.^[4]

Customers and reach

EPC contractors made up 44.6% of revenue in FY26 vs 34.8% in FY25.^[2]
Government was 53.5% and private corporates 46.5% of revenue in H1 FY26, vs 75% and 25% in FY25.^[3]
Holds vendor approvals from state authorities in 20 states, up from 15 states in H1 FY26.^[2]
Has no foreign investments or collaborations (FY26); management plans to explore select export markets.^[1]

Expansion and capex

New Ghiloth Unit 3 for medium voltage cables (up to 33 kV) targeted for commissioning by end H1 FY27, with 5,000 kms installed capacity.^[2]
Unit 3 capacity targeted to exceed 8,000 kms per annum by Q1 FY28; targeted utilisation 28% in FY27 and 45% in FY28.^[2]
Unit 3 capex totals ₹39.9 cr, funded through IPO proceeds and internal accruals or debt.^[2]
Planned capex raised from INR 25 crores to INR 40 crores: INR 25 crores in H1 FY27 for the MV facility and INR 15 crores by Q1 FY28 for a second phase.^[5]
Total installed revenue capacity targeted to exceed INR 600 crores at 85% utilisation by Q1 FY28.^[5]

Working capital

In FY26, debtor days were 85 (up 20 days YoY), inventory days 62 and the cash conversion cycle 81 days (up 8 days YoY).^[2]

Recent developments

29 Sep 2026: Won a domestic order worth INR 16,48,65,588.00 from a listed Indian company to supply 11 KV MV cables, to be executed within 4 months.^[6]
FY26 annual report: remuneration of the MD and two whole-time directors (promoter family) proposed to rise from INR 36 lakh to up to INR 48 lakh a year each from 1 Oct 2026.^[1]
M/s Ajay Kumar Singh & Co. appointed cost auditor for FY2026-27 at INR 1,25,000 plus taxes.^[1]
H2 FY26: Booked about INR 2 crores of one-time professional and advisory costs linked to fundraising, IPO evaluation and succession planning.^[5]

Market Cap

₹312 Cr

High / Low

₹222 / 70

Stock P/E

17.8

Price / Book

4.0

Book Value

₹33

EPS

₹6.7

No. of Shares

1.83 Cr

ROCE

20.4%

ROE

20.1%

OPM

9.7%

Debt / Equity

0.85

Sales

₹235 Cr

Net Profit

₹12 Cr

Promoter holding

68.5%

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