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Prime Cable Industries Ltd (PRIMECAB)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: PRIMECAB Cable | Small Cap | Prime Cable Inds. Share Price

BSE Share Price
Not Listed

Prime Cable Industries Ltd (PRIMECAB)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: PRIMECAB Cable | Small Cap | Prime Cable Inds. Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹215 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹6.7
TTM Sales
₹235 Cr.
Book Value per Share
₹9.2
P/E Ratio
17.55
Lower than its 5-year historical median
Industry PE
55.4
Price to Book (P/B)
12.71
Higher than its 5-year historical median
Price to Sales (P/S)
0.91
Lower than its 5-year historical median
EV/EBITDA
10.29
Lower than its 5-year historical median
Dividend Yield
NAN%
Profitability Efficiency
Return on Equity (ROE)
69.16%
Return on Capital Employed (ROCE)
30.48%
Return on Assets (ROA)
10.67%
Operating Profit Margin
10.6%
Net Profit Margin
5.32%
Gross Profit Margin
8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
70.82%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
202.23%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
318.99%
Asset Quality
Promoter Holding
68.53%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹8 Cr.
Equity
₹9.2 Cr.
Face Value
₹5
All Time Low / High
- / -

Prime Cable Industries stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Prime Cable Industries Ltd a good quality company?
Prime Cable Industries Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Prime Cable Industries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Prime Cable Industries Ltd vs industry peers?
Prime Cable Industries Ltd revenue CAGR is 38.07%, compared to the industry median CAGR of 13.71%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Prime Cable Industries Ltd?
Promoters hold 68.53% of the Prime Cable Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Prime Cable Industries Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Prime Cable Industries Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 7.9%10.1%13.6%30.5%-
Value Creation
Index
-0.4-0.30.01.2-

Growth Parameters

Sales 53.673.682.5141235
Sales YoY Gr.-37.5%12.1%70.8%-
Adj EPS 0.30.21.35.56.7
YoY Gr.--48.5%682.4%312%-
BVPS (₹) 3.83.95.210.69.2
Adj Net
Profit
0.50.21.87.512
Cash Flow from Ops. -4.2-11.13.4-
Debt/CF from Ops. -3.9-23.228.611.2-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANA38.1%70.8%
Adj EPS NANA155.1%312%
BVPSNANA41.3%105.6%
Share Price - - - -

Key Financial Parameters

Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
8.84.529.569.467.3
Op. Profit
Mgn %
3.74.16.110.6NAN
Net Profit
Mgn %
0.90.32.25.35.2
Debt to
Equity
3.24.34.62.6-
Working Cap
Days
01331341290
Cash Conv.
Cycle
08486670

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25
Sales547483141
Operating Expenses + 527178126
Manufacturing Costs0000
Material Costs486572118
Employee Cost 1111
Other Costs 2457
Operating Profit 23515
Operating Profit Margin (%) 3.6%3.9%6.0%10.6%
Other Income + 0000
Exceptional Items 0000
Interest 1234
Depreciation 0011
Profit Before Tax 11210
Tax 00-03
Profit After Tax 0028
PAT Margin (%) 0.9%0.2%2.2%5.3%
Adjusted EPS (₹)0.40.11.35.5
Dividend Payout Ratio (%)0%0%0%0%

Valuation of Prime Cable Inds. - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 55715
Share Capital 1117
Reserves 5568
Debt +16223136
Long Term Debt561314
Short Term Debt11151822
Minority Interest0000
Trade Payables89633
Others Liabilities 3448
Total Liabilities 31394992

Fixed Assets

Net Fixed Assets +781221
Gross Block9101424
Accumulated Depreciation2223
CWIP 0150
Investments 0000
Inventories10131628
Trade Receivables12141239
Cash Equivalents 0002
Others Assets 1233
Total Assets 31394992

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -4-113
PBT 11210
Adjustment 2334
Changes in Working Capital -6-4-4-11
Tax Paid -0-0-0-1
Cash Flow From Investing Activity + -1-3-8-6
Capex -1-3-8-5
Net Investments 0-0-0-1
Others 0000
Cash Flow From Financing Activity + 5472
Net Proceeds from Shares 0000
Net Proceeds from Borrowing 0171
Interest Paid -1-2-3-4
Dividend Paid 0000
Others 6534
Net Cash Flow -0000

Financial Ratio

PARTICULARSMar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)9.212.3328.8769.16
ROCE (%)7.8910.1113.6330.48
Asset Turnover Ratio1.712.091.882
PAT to CFO Conversion(x)N/AN/A0.50.38
Working Capital Days
Receivable Days84.5065.9057.4065.30
Inventory Days71.5058.3064.8056.80
Payable Days57.7045.3037.9060.60

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Prime Cable Industries Ltd FAQs

The current trading price of Prime Cable Inds. on 01-Jan-1970 05:30 is ₹0.00.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Dec-1969 the market cap of Prime Cable Inds. stood at ₹214.8 Cr

The latest P/E ratio of Prime Cable Inds. as of 31-Dec-1969 is 17.55.

The latest P/B ratio of Prime Cable Inds. as of 31-Dec-1969 is 12.71.

The 52-week high of Prime Cable Inds. is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Prime Cable Inds. is ₹235 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Prime Cable Industries Ltd is a below average quality company.

The key valuation ratios of Prime Cable Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Prime Cable Industries Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Prime Cable Industries Ltd

Prime Cable Industries was incorporated as a private limited company in the name and style of ‘RC Cable Private Limited’ under the provisions of the Companies Act, 1956 vide certificate of incorporation dated May 12, 2008 issued by Registrar of Companies, National Capital Territory of Delhi and Haryana. Later effective from April 1, 2009, the company took over the business of proprietorship concern of one of its Promoter Purshotam Singla, namely M/s Prime Cable Industries as per the business transfer agreement dated March 27, 2009 on a going concern basis. Further, the name of the company was changed to ‘Prime Cable Industries Private Limited’ and a fresh certificate of incorporation dated February 22, 2019 was issued by Registrar of Companies, Delhi. Subsequently, the company was converted into a public limited company and the name of the company was changed from ‘Prime Cable Industries Private Limited’ to ‘Prime Cable Industries Limited’ and a fresh certificate of incorporation was issued on December 18, 2024 by the Registrar of Companies, Central Processing Centre.

The company has been engaged in the manufacturing and sale of cables and wires. It manufactures low voltage control cables, power cables, aerial bunch cables, instrumentation cables, housing/building wires and conductors catering to several institutions which includes EPC players, electricity boards, public sector undertakings responsible for generation, transmission and distribution of power (transmission, distribution and generation), oil & gas, mining, steel, real estate, electric panel builders, etc. It generally procures orders directly from non-government clients, government entities directly through the vendor approval process and also on open or limited tender basis. It is an ISO and BIS certified company which manufacture and sell cables primarily under its brand i.e. ‘PRIMECAB’ and ‘RENUFO’.

Its customers primarily include leading EPC players, electricity boards, public sector undertakings responsible for generation, transmission and distribution of power. It also supplies products to other industries viz. oil & gas, mining, steel, real estate and electric panel builders, etc. It operates through a well-established infrastructure that supports its manufacturing demands. The company has developed expertise and upgraded its technology by adding several automatic and semi-automatic machineries and equipment to its manufacturing units, which has helped it to boost its manufacturing capacity and maintain the quality of its products it manufactures. Its manufacturing units are equipped with in-house testing laboratories. Its manufacturing units are well equipped with modern machinery to manufacture quality products. It maintains high standards of quality and environmental responsibility and offers products as per different Indian and world standards. 

Business area of the company

The company is engaged in the manufacturing and sale of cables and wires. It manufactures low voltage control cables, power cables, aerial bunch cables, instrumentation cables, housing/building wires and conductors catering to several institutions which includes EPC players, electricity boards, public sector undertakings responsible for generation, transmission and distribution of power, oil & gas, mining, steel, real estate, electric panel builders, etc.

Products of the company

  • Control Cables
  • Power cables
  • Aerial Bunch Cables
  • Instrumentation Cable
  • Housing/Building wires & Conductor

Certifications

  • 2023: The company has received ISO 14001:2015 certification. 
  • 2023: The company has received ISO 45001:2018 certification. 
  • 2024: The company has received ISO 9001:2015 certification. 
  • 2024: The company has received ISO/IEC 17025:2017 certification. 
  • 2024: The company has received ISO 45001:2018 certification. 
  • 2024: The company has received ISO 9001:2015 certification. 
  • 2024: The company has received ISO 14001:2015 certification. 

History and milestones

  • 2008: Incorporation of the company as ‘R C Cable Private Limited’
  • 2009: Took over the business of proprietorship concerns of one of its Promoters Purshotam Singla, namely M/s Prime Cable Industries as per the business transfer agreement on a going concern basis along with goodwill and all other assets and liabilities of Prime Cable Industries with effect from April 1, 2009
  • 2009: Opened a unit in DSIDC Narela, Delhi with an area of 3,767.37 sq. ft.
  • 2019: Change in name from ‘R C Cables Private Limited’ to ‘Prime Cable Industries Private Limited’
  • 2020: Setting up of Manufacturing Unit-II Ghiloth with an area of 67,177.56 sq. ft.
  • 2021: Opened a Warehouse in Bangalore to make its product readily available in the southern region of India.
  • 2024: Started production at Manufacturing Unit-II for manufacture of Control Cables, Power Cables etc.
  • 2024: Setting up of in-house testing lab at Manufacturing Unit-II certified by NABL
  • 2024: Change in name from ‘Prime Cable Industries Private Limited’ to ‘Prime Cable Industries Limited’ pursuant to the conversion of the Company from Private to Public Company.

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