Prime Cable Industries, a newly listed manufacturer of electrical cables and conductors, has announced the receipt of a material order worth INR 18.21 crore (inclusive of GST) from a State Electricity Distribution Company (DISCOM) for the supply of 525 km of LT cables. The order must be executed within four months.
This development has triggered positive investor sentiment, with Prime Cable’s shares rising by 0.55% to INR 82.10 on 10 October 2025, up from the previous close of INR 81.65.
Prime Cable Order Details
According to the company’s exchange filing dated 9 October 2025, the order involves the design, manufacturing, type testing, inspection, and supply of LT cables to a reputed domestic DISCOM. There is no promoter or related-party involvement in the awarding entity, confirming the transaction’s independence and adherence to arm’s-length principles.
Management emphasized that this contract will further strengthen Prime Cable’s presence in the LT cable segment, deepening relationships with key state utilities and consolidating its position in the domestic power distribution market.
Prime Cable Post-IPO Performance
Prime Cable Industries debuted on the NSE Emerge platform on 29 September 2025, following an IPO priced between INR 78–83 per share. Despite a soft listing at INR 81 (down 2.41%), the stock has since stabilized, supported by growing investor interest in the Indian power infrastructure and cable manufacturing sectors.
The IPO, managed by Indorient Financial Services, Skyline Financial Services is the registrar of the issue. Prime Cable IPO raised approximately INR 40 crore, comprising both a fresh issue (INR 35 crore) and an offer-for-sale (INR 5 crore). The proceeds are primarily allocated toward working capital requirements and capacity enhancement.
Financial Performance: Strong FY25 Growth
Prime Cable’s recent financials reveal robust year-on-year growth:
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Revenue | 73.62 | 82.53 | 140.98 |
| Net Profit | 0.12 | 1.79 | 7.50 |
| EPS (INR) | 0.09 | 1.30 | 5.52 |
| RONW (%) | 2.33 | 28.87 | 69.16 |
| ROCE (%) | 8.43 | 10.61 | 25.96 |
The 71% jump in FY25 revenue and 300% surge in net profit highlight improved operational efficiency, effective cost management, and strong demand from both public and private sector clients. The company’s debt-to-equity ratio improved from 4.61 to 2.63, indicating a healthier balance sheet post-IPO infusion.
Business Profile
Founded in 2008, Prime Cable Industries operates two key manufacturing facilities — Narela (Delhi) and Ghiloth (Rajasthan) — spanning over 70,000 sq. ft. It caters to a wide array of sectors, including power transmission, distribution, oil & gas, mining, steel, real estate, and electrical panel building.
Products are marketed under its proprietary brands, “PRIMECAB” and “RENUFO”, and distributed through warehouses in Delhi and Bangalore for timely customer delivery. The company employs over 150 contract workers for production activities.
Conclusion
Prime Cable’s INR 18.21 crore DISCOM order marks a strategic milestone for the company, reinforcing its credibility as a trusted supplier to state utilities and signaling operational readiness to execute large-scale orders efficiently.
From a market standpoint, this order comes at a critical juncture post-listing, offering the company a visibility boost and growth catalyst amid India’s accelerating power infrastructure push. The consistent rise in revenues, margins, and return ratios also underpins the company’s strong fundamentals and potential for re-rating in the SME segment.
Stock Snapshot
- Exchange: NSE Emerge
- Symbol: PRIMECAB
- Price: INR 82.10
- Market Cap: INR 150.44 crore
- 52-Week Range: INR 78 – ₹83
- Sector: Cables & Wires
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