DCG Cables & Wires Ltd - Stock Valuation and Financial Performance

DCG Cables & Wires Limited was originally incorporated as ‘DCG Copper Industries Private Limited’ as Private Limited Company under the provisions of Companies Act, 2013 vide Certificate of Incorporation dated September 29, 2017 issued by the Registrar of Companies, Central Registration Centre, Ministry of Corporate Affairs, Govt. of India. Subsequently, the name of the company has changed from ‘DCG Copper Industries Private Limited’ to ‘DCG Cables & Wires Private Limited’ vide Fresh Certificate of Incorporation dated August 10, 2023. Further, the Company was converted in to a public limited Company pursuant to a special resolution passed by its shareholders at the EGM held on August 11, 2023 and consequently the name of the Company was changed to ‘DCG Cables & Wires Limited’ and a fresh certificate of incorporation was issued by the Registrar of Companies, Ahmedabad dated August 24, 2023

The company is manufacturers of copper cables and wires. Its primarily focus is on manufacturing of different types of copper cables which finds application in Transformers. Its product portfolio consists of Copper Strips, Paper Covered Copper Strips and Wires (Kraft/Crepe/Nomex/Mica) Bare Copper Wires and Strips, Copper Tapes and Fiber Glass Copper. At DCG, it takes pride in offering a wide range of copper products. Its products include bare copper strips, conductors, and wires, ensuring optimal conductivity for various applications. It also provides paper-covered copper conductors in both rectangular and round shapes, as well as multi-paper-covered copper conductors and connection cables designed specifically for transformers. For added durability, it offers fiber glass-covered copper strips and wires.

Additionally, its copper submersible wires and strips are perfect for submersible applications. It also supplies twin and triple bunched paper-covered copper strips and bunch conductors. It majorly supplies its products to the transformer manufacturing companies in India and its main marketing strategy is to develop and maintain good relationships with its customers. Its promoter has been in this industry since 2008 and his relationships with the customers / clients have been very helpful for the growth of its business.

Business area of the company

The company is engaged in the business of Manufacturing of copper strips, Wires, Cables products.

History and milestones 

• 2019-20: The Company had started manufacturing the Bare copper wire & strips on job work basis.
• 2021-22: The Company has started its own manufacturing unit at the 622/15+16/12, Agrasen Estate, Chotala crossroad, Odhav, Ahmedabad, Gujarat. 
• 2022: The Company has started second pant at 501(I), 502(I), 513-514, GIDC Estate, Waghodia, Vadodara, Gujarat. 
• 2023: The Company has started third plant at Plot No. 91-92, Dev Devasya Ind. Estate, Vil. Kubadthal, Tal. Daskroi, Gujarat
• 2023: The Company has started shifting of all its plants at a one place for the better organisation of its plants and machineries at Plot No. 741, Bhayala, Bavla, Gujarat.