| Market Cap | ₹335.33 CrSME Emerge |
|---|---|
| P/E Ratio | 27.4Sector PE 43.1 |
| Promoter Holding | 68.47%Latest Quarter |
| RSI | 43.75Neutral Zone |
| Metric | H1-27 | H1-26 |
|---|---|---|
| Revenue from Operations | 196 | 90.7 |
| Other Income | 0.2 | 0.1 |
| Total Income | 197 | 90.8 |
| Profit Before Tax | 12.8 | 7.0 |
| Net Profit | 9.5 | 5.5 |
| Operating Margin | 6.5% | 7.7% |
| Net Profit YoY | +72.7% | |
| Adj. Profit YoY | +82.6% | |
Key highlights
- Revenue from operations reached ₹196 crore, a 116% increase from ₹90.7 crore in H1 FY26
- Net profit grew by 72.7% year-on-year to stand at ₹9.5 crore for the half-year period
- Profit Before Tax (PBT) reached ₹12.8 crore, reflecting an 82.8% surge over the previous year
- Operating margins moderated to 6.5% during the period, compared to 7.7% in H1 FY26
- The company reported a basic EPS of ₹5.17, up from ₹2.99 in the corresponding half of the prior year
Top Line Doubles on Scaling Operations
Prime Cable Industries reported a sharp acceleration in business activity, with half-year revenue reaching ₹196 crore, up from ₹90.7 crore in the same period last year. This performance follows the company's provisional Q1 FY27 revenue update of ₹93.20 crore, indicating that momentum continued into the second quarter of the fiscal year. Total income for the period stood at ₹197 crore.
While revenue scaled up by 116%, operating margins contracted to 6.5% from 7.7% in H1 FY26. This moderation in margins likely reflects higher raw material consumption costs, which stood at ₹190.27 crore for the half-year as the company expanded its production footprint.
IPO Proceeds Fueling Production Capacity
- Utilized ₹14 crore of the planned ₹14.45 crore capital expenditure for setting up a new factory for Medium Voltage cables
- Fully deployed ₹7.05 crore from IPO proceeds toward meeting working capital requirements
- Completed the repayment of borrowings totaling ₹4.47 crore as per the objects of the September 2025 public issue
- Company targets reaching an installed revenue capacity of over ₹600 crore by the first quarter of FY28
- Currently maintains a bidding pipeline valued between ₹500–₹600 crore in active tenders with historic win rates of 20-30%
Market Valuation and Segment Focus
Operating within the wires and cables industry, Prime Cable currently trades at a P/E ratio of 27.4, which is significantly lower than the industry average of 34.43 and the broader consumer durables sector average of 43.1. Despite a one-year price appreciation of over 64%, the stock has experienced an 11.27% correction over the last month. The company's focus remains on manufacturing Low Voltage Control Cables, Power Cables, and Aerial Bunch Cables.
With institutional investors holding a 7.36% stake, the company is positioning itself to capture demand in the infrastructure and industrial segments as it moves toward its targeted revenue CAGR of 45%.
| Date | Announcement | Amount |
|---|---|---|
| 06 Jul 2026 | Q1 FY27 provisional revenue updateSource: NSE filing | ₹93.20 Cr |
| 21 May 2026 | Management guidance for installed revenue capacity by Q1 FY28Source: stockscans.in | ₹600.00 Cr |
| 24 Apr 2026 | Q4 FY26 provisional revenueSource: primecabindia.com | ₹72.30 Cr |
| 31 Oct 2025 | H1 FY26 total revenueSource: NSE filing | ₹90.71 Cr |
What to watch next
- Earnings conference call scheduled for November 5, 2026, to discuss H1 FY27 performance
- Operational commencement of the Medium Voltage cable plant to hit full capacity targets
- Quarterly revenue update for Q3 FY27 expected in early January 2027
- Updates on the ₹500–₹600 crore bidding pipeline conversion rates
| Share price | ₹183 |
|---|---|
| Market capitalisation | ₹335.33 Cr |
| Revenue (annual) | ₹234.88 Cr |
| Net profit (annual) | ₹12.24 Cr |
| P/E (TTM) | 27.4×Sector 43.1× |
| Promoter holding | 68.47% |
| FII holding | 0%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Prime Cable Industries Limited announcing its unaudited financial results for the half-year ended September 30, 2026. Market figures from a third-party data provider.
