1. Opening Hook
Remember when you last blamed a poor Wi-Fi signal for missing work? Well, Prime Cable Industries just made ₹90.7 crore making sure youdon’t. The company’s cables seem to be conducting not just electricity but sheer optimism—revenues zoomed 62% YoY, and profits more than doubled. The management sounds as charged as a 220V socket, boasting of demand from both PSU projects and private clients.Stay with us, because the upcoming capex, solar cable plans, and a 500GW India dream might just make this the juiciest SME call you’ll read today. ⚙️
2. At a Glance
- Revenue ₹90.7 crore –Up 61.9%; CFO insists it’s “real power,” not Excel voltage.
- EBITDA ₹9.7 crore –Jumped 84%; cost control deserves a standing ovation.
- PAT ₹5.48 crore –Doubled; profit finally got the current it needed.
- Margins 6.04% –Slight improvement, not bad when copper prices play DJ.
- Order Book ₹106 crore –Enough wire to wrap around Dalal Street twice.
- Capacity Utilization 55% –Up from 35%; machines finally earning their EMIs.
3. Management’s Key Commentary
“Revenue from operations grew 61.9% YoY to ₹90.7 crore.”(Translation: Demand’s so hot, even the cables are sweating 🔥)
“EBITDA rose 84.4% to ₹9.7 crore with better leverage and cost control.”(Read: We found the ‘reduce expenses’ tab in Excel this time.)
“PAT doubled to ₹5.48 crore; margins improved to 6.04%.”(Profit finally decided to show up at work.)
“Our order book stands at ₹106 crore, with PSU and private split 53:47.”(Diversification level: Not all wires in one socket.)
“We’ll add ₹150 crore capacity via IPO proceeds—commissioning by Q2 FY27.”(Read: IPO money isn’t just sitting in a fixed deposit, folks 😏)
“Capex focuses on medium-voltage cables; huge demand in energy sector.”(India’s power dreams = our profit scheme.)
“Capacity utilization to touch 80% next year.”(Translation: We’ll be running
hotter than Diwali transformers.)
4. Numbers Decoded
| Metric | H1 FY26 | YoY Change | Commentary |
|---|---|---|---|
| Revenue (₹ crore) | 90.7 | +61.9% | Electrifying growth ⚡ |
| EBITDA (₹ crore) | 9.7 | +84.4% | Costs finally plugged |
| PAT (₹ crore) | 5.48 | >2x | Profit revival party |
| EBITDA Margin | 10.7% | +130 bps | Lean and mean |
| Capacity Utilization | 55% | +20 pts | Still room to charge |
| Order Book | ₹106 cr | – | Visibility: High voltage |
| Planned Capex | ₹150 cr | New | Adds ₹150 cr capacity |
With ₹350 crore existing and ₹150 crore upcoming, total potential hits ₹500 crore—enough to electrify an entire mid-cap index.
5. Analyst Questions
Q:“Will H2 sustain this momentum?”A:“Yes, ₹106 crore orders to be executed this year.”(So confident, even monsoons didn’t dampen the spark.)
Q:“Any margin dip due to raw materials?”A:“Tiny variation; inventory shuffle drama.”(Blame copper, not competence.)
Q:“Capex timeline?”A:“Q2 FY27 commissioning; 30-40% utilization in year one.”(Slow and steady wires the race.)
Q:“Maintenance capex?”A:“Barely ₹20 lakh.”(Plant so new, it still smells of paint.)
Q:“Exports?”A:“Domestic demand’s enough—India itself is the plug point.”
6. Guidance & Outlook
