Barely a month after its debut on the NSE Emerge, Prime Cable Industries has delivered a stellar first-half performance for FY26, signalling strong post-listing momentum and a robust operational foundation. The company, a key manufacturer of low-voltage cables and wires.
Prime Cable H1 FY26 Results: Record Growth Across Metrics
- Revenue: INR 90.71 crore in H1 FY26 vs INR 56.04 crore in H1 FY25 — Up 61.86% YoY
- EBITDA: INR 9.72 crore vs INR 5.27 crore — Up 84.44% YoY
- PAT: INR 5.48 crore vs INR 2.46 crore — Up 122.94% YoY
- EBITDA Margin: 10.72% vs 9.41% (Improved by 131 basis points)
- PAT Margin: 6.04% vs 4.38% (Improved by 166 basis points)
The company attributed the robust performance to increased orders from public sector undertakings (PSUs) and industrial clients, along with better product mix optimisation and higher capacity utilisation. Prime Cable H1 FY26 results marks a strong continuation of the growth trend visible in FY25, where revenue had already surged to INR 140.98 crore from INR 82.53 crore in FY24.
Prime Cable H1 FY26 Results: Operational & Strategic Strength
Prime Cable operates two ISO and BIS-certified facilities — one in Narela, Delhi, and another in Ghiloth, Rajasthan — with a combined annual production capacity of 27,000 km of cables and 10,000 km of wires. The Rajasthan unit also houses a NABL-accredited testing laboratory, underscoring the firm’s commitment to stringent quality assurance.
The company markets its products under the well-recognised brands “PRIMECAB” and “RENUFO”, catering to a wide range of sectors such as power utilities, EPC contractors, oil & gas, mining, steel, real estate, and electric panel manufacturing.
Management Commentary
Commenting on the results, Mr. Purshotam Singla, Managing Director, expressed confidence in the company’s trajectory:
“We are delighted with our strong performance in the first half of FY26, which reflects the growing trust of our customers and our team’s consistent execution. The robust growth in revenue and profitability underscores our focus on value-added products and operational excellence. With continued demand from PSUs and infrastructure development in rural India, we remain confident of sustaining this growth momentum in the second half of the year.”
Singla also revealed the company’s plan to enter the medium-voltage cable segment, a strategic move expected to expand its product portfolio and market reach.
Prime Cable Post-IPO Performance
Prime Cable Industries made its debut on NSE Emerge on 29 September 2025, following an IPO priced between INR 78–83 per share. The issue, comprising 48.24 lakh shares worth approximately INR 37.6–40 crore, included a fresh issue of INR 35.05 crore and an offer for sale of INR 4.99 crore.
The IPO witnessed strong investor response, being subscribed 8.35 times overall. Despite listing slightly below the upper band at INR 81 per share, the company’s fundamentals have pushed the stock price to INR 105 per share, a 26% return from the IPO price.
Financial Evolution and Valuation Snapshot
Prime Cable’s financial performance over the last three years demonstrates a clear upward trajectory:
| Metric | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 73.62 | 82.53 | 140.98 |
| Net Income | 0.12 | 1.79 | 7.50 |
| EBITDA Margin | 3.75% | 5.56% | 10.43% |
| RONW (%) | 2.33 | 28.87 | 69.16 |
| Debt/Equity | 4.28 | 4.61 | 2.63 |
This consistent improvement in margins and return ratios highlights operational discipline, de-leveraging efforts, and scale efficiencies.
Strategic Outlook
With India’s power and infrastructure sectors witnessing rapid expansion, particularly in rural electrification and industrial modernization, Prime Cable is strategically positioned to benefit. The upcoming foray into medium-voltage cables could unlock higher-margin opportunities and strengthen its positioning among integrated cable solution providers.
Conclusion
Prime Cable Industries H1 FY26 results underscore a compelling growth narrative driven by strong fundamentals, diversified customer base, and prudent management execution. The company’s steady financial momentum post-IPO, expanding product suite, and focus on efficiency signal a promising trajectory in India’s power infrastructure supply chain.
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