Birla Cable Limited (BIRLACABLE)
₹346.15 -3.94% last close, 16 Oct
Latest quarterly results (Q4 FY26)
In its latest reported quarter, Q4 FY26, Birla Cable's revenue was ₹214 Cr (+37.0% year on year, +4.6% on the previous quarter), and net profit ₹11.0 Cr (+658.3% year on year); the operating margin was 9.3%.
| Q4 FY26 (₹ Cr) | Value | YoY vs Q4 FY25 | QoQ |
|---|---|---|---|
| Revenue | ₹214 | +37.0% | +4.6% |
| Operating profit | ₹20.0 | +152.6% | +83.5% |
| Net profit | ₹11.0 | +658.3% | +173.5% |
| EPS (₹) | 3.60 | +650.0% | +168.7% |
| Operating margin | 9.3% | — | — |
BIRLACABLE delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 50.26% of the BIRLACABLE shares traded on NSE were taken to delivery, against the stock's own 20-session average of 47.7%. That is close to its usual level. It closed at a price band (circuit) on 9 sessions in about the last 20.
Delivery in the last 5 sessions: 40.4% · 46.0% · 40.8% · 59.9% · 50.3%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Birla Cable Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate, issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited on October 3, 2026, confirms that security certificates received for dematerialisation were duly verified, mutilated, and cancelled. This is a purely administrative regulatory filing confirming procedural compliance regarding share dematerialisation.
- Compliance certificate submitted under Regulation 74(5) for the quarter ended September 30, 2026
- Confirmation certificate dated October 3, 2026 received from RTA MUFG Intime India Private Limited
- Physical security certificates received were verified, mutilated, and cancelled within prescribed timelines
- Announcement filed with BSE and NSE on October 5, 2026
Birla Cable Limited responded on 7th September 2026 to a stock exchange clarification request regarding significant movement in its security price. The company confirmed that it has made all required disclosures under Regulation 30 of the SEBI (LODR) Regulations, 2015. It further stated that no undisclosed or impending material events exist that would impact price or volume behavior, noting that the price movement is purely market-driven.
- Clarification submitted on 7th September 2026 in response to exchange inquiries on price volatility
- Company confirmed full compliance with Regulation 30 of SEBI (LODR) Regulations, 2015
- No withheld price-sensitive information or impending corporate announcements reported
- Management noted share price movement is purely market-driven with no operational trigger disclosed
Birla Cable Limited has received Observation Letters with 'no objection' from NSE and 'no adverse observations' from BSE on August 14, 2026, for its proposed Scheme of Amalgamation into Vindhya Telelinks Limited. The clearance allows the company to progress the merger under Sections 230-232 of the Companies Act, 2013, which was initially approved by the Board on March 21, 2026. The stock exchange observation letter is valid for 6 months to submit the scheme to the National Company Law Tribunal (NCLT). Key remaining conditions include approval from NCLT, NOCs from at least 75% of secured creditors, and a majority vote from public shareholders.
- Received stock exchange observation letters with 'no objection' (NSE) and 'no adverse observations' (BSE) on August 14, 2026.
- Observation letter is valid for 6 months from August 14, 2026, within which the scheme must be submitted to NCLT.
- Scheme approval requires positive voting from public shareholders exceeding negative votes.
- Mandates No Objection Certificates (NOCs) from not less than 75% of secured creditors and lending institutions.
Birla Cable Limited has received shareholder approval at its 34th Annual General Meeting for the appointment of Shri Somesh Laddha as the Manager of the company. The appointment is for a three-year term effective from May 22, 2026, to May 21, 2029. Shri Laddha is a qualified Chartered Accountant and Company Secretary with over 20 years of experience in finance, audits, and compliance. This procedural step formalizes leadership as the company manages a TTM revenue of Rs 771 Cr and a debt of Rs 133 Cr.
- Appointment term of 3 consecutive years effective from May 22, 2026, to May 21, 2029.
- Shareholder approval obtained via ordinary resolution at the 34th AGM held on August 3, 2026.
- Appointee Shri Somesh Laddha brings over 20 years of post-qualification experience in finance and compliance.
- Company reported TTM revenue of Rs 771 Cr with an operating profit margin of 6.0%.
Shareholders of Birla Cable Limited approved the appointment of Shri Somesh Laddha as the Manager of the company during the 34th Annual General Meeting held on August 3, 2026. The appointment is for a three-year term effective from May 22, 2026, to May 21, 2029. Mr. Laddha is a qualified Chartered Accountant and Company Secretary with over 20 years of experience in finance, accounts, and compliance. This move formalizes the leadership structure as the company seeks to execute its 25% growth strategy and manage its diversifying order book.
- Appointment of Shri Somesh Laddha for a term of 3 consecutive years starting May 22, 2026.
- Approval obtained via Ordinary Resolution at the 34th AGM held on August 3, 2026.
- Appointee brings over 20 years of post-qualification experience in finance and statutory compliance.
- The appointment is valid through May 21, 2029, including approved remuneration.
Birla Cable Limited held its 34th Annual General Meeting on August 3, 2026, where shareholders approved all six resolutions. Key outcomes include the declaration of a Rs 1.25 per share dividend (12.50% of face value) for FY26 and the appointment of Somesh Laddha as Manager for a three-year term. While all resolutions passed, the re-appointment of Director Dhan Raj Bansal saw a notable 15.67% dissent from total votes cast. The approved dividend represents a payout of approximately 22% of the company's TTM PAT of Rs 17 Cr.
- Dividend of Rs 1.25 per equity share (12.50% of face value) approved for the financial year ended March 31, 2026.
- Somesh Laddha appointed as Manager for a 3-year term effective from May 22, 2026, to May 21, 2029.
- Resolution for re-appointment of Director Dhan Raj Bansal passed with 84.33% votes in favour and 15.67% against.
- Total of 48,852 shareholders were on record as of the July 27, 2026, record date.
- Cost Auditor remuneration for FY27 ratified at Rs 1,00,000.
Birla Cable Limited concluded its 34th Annual General Meeting on August 3, 2026, where shareholders approved a dividend of Rs 1.25 per equity share (12.50% of face value) for FY26. The company formalized the appointment of Shri Somesh Laddha as Manager for a three-year term effective from May 22, 2026. The meeting also adopted the FY26 financial statements, which reported a TTM revenue of Rs 771 Cr and a PAT of Rs 17 Cr. Management highlighted a strategic shift, with the energy sector now comprising 58% of the order book compared to 32% previously.
- Dividend of Rs 1.25 per equity share (12.50% on Rs 10 face value) declared for FY26
- Appointment of Somesh Laddha as Manager for a 3-year term until May 21, 2029
- Ratification of Rs 1,00,000 remuneration for Cost Auditors for FY27
- Total of 67 members and authorized representatives attended the meeting in person
- FY26 TTM revenue stood at Rs 771 Cr, representing a ~16.5% increase over FY25 revenue of Rs 661.7 Cr
Birla Cable Limited reported a robust performance for Q1 FY27, with consolidated revenue from operations growing 51.1% YoY to ₹266.64 Cr. Net profit surged to ₹30.69 Cr, a significant jump from ₹1.36 Cr in the same quarter last year, driven by improved operating leverage as expenses grew at a slower pace than revenue. The company's EPS for the quarter stood at ₹10.23, which is nearly double the full-year FY26 EPS of ₹5.63. Additionally, the company provided an update on its pending amalgamation with Vindhya Telelinks Limited, maintaining the swap ratio of 10:115.
- Revenue from operations increased 51.1% YoY to ₹266.64 Cr from ₹176.44 Cr in Q1 FY26
- Consolidated Net Profit surged to ₹30.69 Cr compared to ₹1.36 Cr in the year-ago period
- Basic and Diluted EPS for the quarter reached ₹10.23, up from ₹0.45 YoY
- Finance costs decreased to ₹2.05 Cr from ₹2.32 Cr in the corresponding quarter last year
- Amalgamation swap ratio confirmed at 10 equity shares of Vindhya Telelinks for every 115 shares of Birla Cable
Birla Cable Limited has announced July 27, 2026, as the record date for determining shareholder eligibility for the final dividend of FY 2025-26. The 34th Annual General Meeting (AGM) is scheduled to take place on August 3, 2026. This follows a financial year where the company reported a TTM revenue of 771 Cr and a PAT of 17 Cr. The specific dividend amount per share was not disclosed in this particular notification.
- Record date for dividend eligibility fixed for July 27, 2026
- 34th Annual General Meeting (AGM) scheduled for August 3, 2026
- Dividend pertains to the full financial year 2025-26
- Company reported TTM PAT of 17 Cr against a net worth of 282 Cr
Birla Cable Limited has announced its 34th Annual General Meeting (AGM) is scheduled for August 3, 2026. The company is dispatching letters to shareholders who have not registered their email addresses, providing a web-link to the full Annual Report for FY 2025-26. This is a standard regulatory procedure following a year where the company reported TTM revenue of ₹771 Cr and a PAT of ₹17 Cr. Investors can now access the detailed financial statements and management discussion for the previous fiscal year.
- 34th Annual General Meeting (AGM) to be held on August 3, 2026, at 4:45 P.M.
- Annual Report for FY 2025-26 made available via a dedicated web-link on the company website.
- Company reported TTM revenue of ₹771 Cr and TTM PAT of ₹17 Cr as per latest financial context.
- Promoter holding remains stable at 66.35% as of March 2026.
- Inventory Turnover Ratio (ITR) improved 36.94% to 10.43 times in FY25.
Birla Cable Limited has announced July 27, 2026, as the record date for determining shareholder eligibility for the final dividend of FY 2025-26. The 34th Annual General Meeting (AGM) is scheduled to take place on August 3, 2026. While the specific dividend amount per share was not disclosed in this filing, it follows a fiscal year where the company generated a TTM PAT of Rs 17 Cr. The dividend is subject to shareholder approval at the upcoming AGM.
- Record date for dividend eligibility set for July 27, 2026
- 34th Annual General Meeting scheduled for August 3, 2026
- Final dividend pertains to the full financial year 2025-26
- Company reported TTM revenue of Rs 771 Cr and TTM PAT of Rs 17 Cr
Birla Cable Limited has issued a notice for its 34th Annual General Meeting (AGM) to be held on August 3, 2026. The board has recommended a dividend of ₹1.25 per equity share (12.50% of face value) for FY 2025-26, with July 27, 2026, set as the record date. Key agenda items include the adoption of FY26 financial statements and the formal appointment of Shri Somesh Laddha as Manager & CFO for a three-year term. The company reported a TTM revenue of ₹771 Cr and a PAT of ₹17 Cr, maintaining a conservative debt-to-equity ratio of 0.47.
- Recommended dividend of ₹1.25 per equity share of ₹10 face value (12.50%) for FY 2025-26.
- Record date for dividend eligibility and AGM voting fixed as July 27, 2026.
- Appointment of Shri Somesh Laddha as Manager & CFO for a 3-year term from May 22, 2026, to May 21, 2029.
- Remote e-voting period scheduled from July 31, 2026 (9:00 AM) to August 2, 2026 (5:00 PM).
- Ratification of Cost Auditor remuneration at ₹1,00,000 for the financial year ending March 31, 2027.
Birla Cable Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The document confirms that physical share certificates received for dematerialization during the quarter ended June 30, 2026, were verified, mutilated, and cancelled. The company's Registrar and Share Transfer Agent, MUFG Intime India Private Limited, has updated the depository names in the register of members. This is a standard administrative filing with no impact on the company's TTM revenue of ₹771 Cr or its operational performance.
- Compliance certificate issued for the quarter ended June 30, 2026.
- Verification and cancellation of physical security certificates confirmed by Registrar MUFG Intime India Private Limited.
- Substitution of depository names as registered owners completed within prescribed timelines.
- Filing dated July 2, 2026, following the registrar's certificate dated July 1, 2026.
Birla Cable Limited has announced the closure of its trading window for all Designated Persons and their immediate relatives starting July 1, 2026. This move is a mandatory regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the company's quarterly financial reporting. The window will remain closed until 48 hours after the unaudited standalone and consolidated financial results for the quarter ending June 30, 2026, are declared. This is a standard administrative procedure and does not indicate any change in the company's business fundamentals.
- Trading window closure begins on July 1, 2026, for all designated persons.
- Closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.
- Window will reopen 48 hours after the announcement of Q1 FY2026-27 financial results.
- The restriction applies to both standalone and consolidated financial performance reporting.
Vindhya Telelinks Limited, acting as the promoter, has filed an annual declaration confirming that no new or additional encumbrances were created on the equity shares of Birla Cable Limited during the financial year ended March 31, 2026. The total promoter and promoter group holding remains significant at 66.35%, representing 1,99,05,743 shares. The only existing encumbrance is a prior pledge of 12,50,000 shares by Vindhya Telelinks with State Bank of India to secure its own working capital facilities.
- Promoter group confirms no additional encumbrances were made, directly or indirectly, during FY 2025-26.
- Total Promoter and Promoter Group shareholding stands at 66.35% (1,99,05,743 shares).
- Existing pledge of 12,50,000 shares (approx. 4.17% of total equity) by Vindhya Telelinks remains as collateral for credit facilities.
- The declaration covers 13 promoter/group entities and 6 Persons Acting in Concert (PACs) in the public category.
- Filing is a routine annual compliance under Regulation 31(4) of SEBI Takeover Regulations.
Financial Performance
Revenue Growth by Segment
The cable segment registered a healthy 33% growth in FY25, primarily driven by strong demand for copper cables. However, the EPC segment saw a significant decline, with revenue from original SWSM village orders dropping 47.5% to INR 835 Cr in FY25 from INR 1,592 Cr in FY24. The manufacturing segment previously witnessed 26% growth in FY23.
Profitability Margins
Profitability margins at the consolidated level moderated to 6.65% in FY25 from 7.27% in FY24. The PBILDT and PAT margins in FY23 were 9.72% and 5.32%, respectively. PBIT margins in the cable segment fell to approximately 4% in FY24 and FY25 from 10-11% in FY23 due to a lower share of high-margin OFC sales.
EBITDA Margin
PBILDT margin stood at 6.65% in FY25, a decrease from 7.27% in FY24. Core profitability was impacted by a change in revenue mix, with a rising share of lower-margin copper cables and a decline in high-margin EPC and OFC projects.
Capital Expenditure
The company added INR 28.43 Cr to Fixed Assets in FY24, mainly for the expansion of existing manufacturing capacity. Purchase of Property, Plant, and Equipment was INR 1.20 Cr for the half-year ended September 2025 compared to INR 8.49 Cr in the previous period.
Credit Rating & Borrowing
BCL has a 'Stable' outlook from CARE Ratings. The rating is supported by the MP Birla Group, which provides unsecured loans and corporate guarantees for working capital facilities. Average utilization of fund-based working capital limits was approximately 71% for the 12 months ending April 2025.
Operational Drivers
Raw Materials
Copper and Optical Fibre are the primary raw materials. Copper cables typically have thinner and more volatile margins compared to Optical Fibre Cables (OFC).
Capacity Expansion
Manufacturing capacity was expanded in FY24 with a capital outlay of INR 28.43 Cr. Current installed capacity in units is not specified.
Raw Material Costs
Raw material costs are highly volatile, particularly for copper and optical fibre. The company uses selective hedging via forward contracts to manage exchange fluctuations related to imports, which totaled INR 153.10 Cr in FY23.
Manufacturing Efficiency
Inventory Turnover Ratio (ITR) improved 36.94% to 10.43 times in FY25 from 7.65 times in FY24 due to decreased inventory levels.
Strategic Growth
Expected Growth Rate
25%
Growth Strategy
The company is diversifying its order book, with the energy sector's share increasing to 58% from 32%. Growth will be driven by the execution of higher-margin EPC orders and a gradual recovery in OFC demand expected in FY26. The company also aims for a Total Operating Income (TOI) of more than INR 1,000 Cr to achieve positive rating sensitivity.
Products & Services
Optical Fibre Cables (OFC), Copper Cables, and Engineering, Procurement, and Construction (EPC) services for the energy and water sectors (e.g., SWSM projects).
Brand Portfolio
Birla Cable, MP Birla Group.
Market Expansion
The company is expanding its presence in the energy sector, which now represents 58% of the order book profile.
Strategic Alliances
The company operates as part of the MP Birla Group, receiving financial support and corporate guarantees from group entities like VTL.
External Factors
Industry Trends
Telecom operators are shifting toward optical fibre cables, requiring network improvements. The industry faces stiff competition due to high installed capacity and the entry of players with inferior technology.
Competitive Landscape
The cable industry is characterized by cut-throat competition and players offering products at highly advantageous price levels, which pressures margins.
Competitive Moat
The company's moat is derived from being part of the resourceful MP Birla Group, which provides demonstrated financial support and operational synergies. This support is sustainable as long as group linkages remain strong.
Macro Economic Sensitivity
Demand is mainly dependent on the operational and capital expenditure from telecom and power distribution companies.
Consumer Behavior
Telecom operators are increasingly demanding optical fibre cables for network upgrades, shifting away from traditional copper-based infrastructure.
Regulatory & Governance
Industry Regulations
The company must comply with accepted standards of propriety, regulatory compliances concerning business operations, and SEBI (Listing Obligations and Disclosure Requirements) Regulations.
Legal Contingencies
The company monitors current or future litigations as part of its financial risk identification, but specific case values are not disclosed.
Risk Analysis
Key Uncertainties
Key risks include raw material price fluctuations (copper and optical fibre), execution risks in large tender-based EPC orders, and the timely realization of receivables from major projects.
Technology Obsolescence Risk
The company faces risks from competitors offering products with inferior technology that do not meet international standards, potentially affecting overall network quality.
Credit & Counterparty Risk
The company has exposure to an elongated collection cycle in the EPC segment, with the operating cycle stretching to 143 days in FY25 from 111 days in FY24.
