Prime Cable Industries Limited (PRIMECAB)
Latest quarterly results (H2 FY26)
PRIMECAB delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 100.0% of the PRIMECAB shares traded on NSE were taken to delivery, against the stock's own 20-session average of 93.67%. That is close to its usual level. Turnover was only ₹19 lakh, so a handful of trades can move this figure. Volume was 0.2 times its average, well below normal. It closed at a price band (circuit) on 7 sessions in about the last 20.
Delivery in the last 5 sessions: 90.3% · 88.2% · 88.5% · 77.8% · 100.0%
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
Prime Cable Industries Limited has submitted its Reconciliation of Share Capital Audit Report pursuant to Regulation 76 of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The audit was conducted by Neetu Saini & Associates, Company Secretaries. The report reconciles the issued capital with electronic holdings across depositories and physical shares. This represents a routine quarterly compliance update with no material financial impact.
- Reconciliation of Share Capital Audit submitted for the quarter ended September 30, 2026
- Audit report issued under Regulation 76 of SEBI (Depositories and Participants) Regulations, 2018
- Equity shares have a face value of Rs. 5/- per share (ISIN: INE0CQA01020)
- Audit performed by Practicing Company Secretary firm Neetu Saini & Associates
Prime Cable Industries Limited announced a change in its Market Maker for shares listed on the NSE EMERGE platform. Alacrity Securities Limited resigned as Market Maker effective from the close of market hours on October 13, 2026. NDA Securities Limited has been appointed as the new Market Maker effective from the opening of market hours on October 14, 2026, subject to exchange approvals and agreement execution. This is a standard operational transition to maintain liquidity requirements under NSE EMERGE norms.
- Appointment of NDA Securities Limited as Market Maker effective from opening market hours of 14/10/2026
- Resignation of Alacrity Securities Limited as Market Maker effective from closing market hours of 13/10/2026
- Agreement entered among Prime Cable, NDA Securities, Indorient Financial Services, and Alacrity Securities
- Mandate covers continuous quote provision under SEBI and NSE EMERGE market making regulations
Prime Cable Industries Limited announced a change in its Market Maker for equity shares listed on the NSE EMERGE platform. NDA Securities Limited has been appointed as the new Market Maker effective from market open on 13 October 2026. This follows the resignation of Alacrity Securities Limited, which takes effect at the close of trading on 12 October 2026. The transition is subject to stock exchange approval and completion of necessary documentation.
- NDA Securities Limited appointed as Market Maker effective from opening market hours of 13/10/2026
- Resignation of outgoing Market Maker Alacrity Securities Limited effective from closing market hours of 12/10/2026
- Parties to the agreement include Prime Cable, NDA Securities, Indorient Financial Services, and Alacrity Securities
- Mandated market-making compliance under NSE EMERGE platform regulations
Prime Cable Industries submitted voting results and the Scrutinizer's Report for its 18th Annual General Meeting held on September 30, 2026. All six ordinary resolutions, including the adoption of FY26 financial statements, the reappointment of Director Mr. Naman Singla, and remuneration increases for executive directors, were approved with 100% valid votes cast in favor. In resolutions concerning promoter director remuneration hikes, interested promoter shares totaling 1,25,37,364 votes were excluded as invalid/interested, and non-promoter shareholders passed the measures unanimously. A total of 1,40,71,260 votes were polled across remote e-voting channels.
- All 6 AGM resolutions passed with 100% of valid votes cast in favor via remote e-voting
- Adoption of FY26 Audited Financial Statements approved with 1,40,71,260 valid votes
- Increases in remuneration approved for Managing Director Purshotam Singla and Whole-Time Directors Naman Singla and Nikunj Singla
- 1,25,37,364 promoter-held shares were treated as invalid/interested for executive remuneration resolutions
Prime Cable Industries Limited has secured a domestic purchase order valued at ₹16.49 crore (inclusive of GST) from a reputed Indian listed company. The contract is for the supply of Medium Voltage (MV) cables of 11 KV. The order has an execution timeline of 4 months. The win aligns with the company's strategic push into the Medium Voltage segment and diversification into private sector enterprise clients.
- Received domestic purchase order worth ₹16,48,65,588.00 (inclusive of GST)
- Contract scope covers the supply of Medium Voltage (MV) cables of 11 KV
- Execution timeline is strictly set for 4 months
- Awarded by a reputed Indian listed domestic entity without promoter/related-party interest
Prime Cable Industries has received the renewal of its NABL Accreditation Certificate for its Quality Assurance Laboratory at Neemrana, Rajasthan, valid until August 4, 2030. The scope of accreditation has also been officially expanded to include testing of Medium Voltage (MV) Cables. This certification directly supports the company's planned INR 150 Cr capacity expansion into MV cables, aiming to scale total revenue potential to INR 500 Cr by Q2 FY27. Having in-house NABL-certified testing removes qualification bottlenecks for high-margin power and utility tenders.
- NABL Accreditation Certificate renewed with validity up to August 4, 2030 (Issue Date: August 5, 2026)
- Testing scope expanded to include Medium Voltage (MV) Cables at Neemrana, Rajasthan facility
- Certificate issued under ISO/IEC 17025:2017 standard (Certificate Number: NABLT0926RJ19428)
- Supports company strategy targeting INR 150 Cr MV cable capex and INR 500 Cr total capacity
Prime Cable Industries Limited announced its participation in the Arihant Capital Bharat Connect Virtual Conference Rising Star 2026. The virtual group meeting is scheduled for Friday, September 25, 2026, at 01:00 PM IST. The management stated that discussions will be based strictly on publicly available information without sharing any Unpublished Price Sensitive Information (UPSI).
- Participation scheduled in Bharat Connect Virtual Conference Rising Star 2026
- Meeting organized by Arihant Capital on Friday, 25th September 2026 at 01.00 P.M
- Format specified as a virtual conference group meeting
- Discussions confirmed to involve only publicly available information
Prime Cable Industries Limited has released the notice convening its 18th Annual General Meeting (AGM) on September 30, 2026, via video conferencing. Key agenda items include adopting the audited financial statements for FY2025-26 and re-appointing Whole-Time Director Naman Singla. The company is also seeking shareholder approval to increase the annual remuneration of Managing Director Purshotam Singla and Whole-Time Director Naman Singla to ₹48.00 lakh each, effective October 1, 2026. Additionally, remuneration of ₹1.25 lakh is proposed for ratification for the cost auditors.
- 18th AGM scheduled for September 30, 2026 at 2:00 PM via Video Conferencing.
- Proposed upward revision in MD Purshotam Singla's remuneration to INR 48.00 lakh p.a. from October 1, 2026.
- Proposed upward revision in WTD Naman Singla's remuneration to INR 48.00 lakh p.a. from current INR 36.00 lakh p.a.
- Cost auditor remuneration for FY2026-27 proposed at INR 1,25,000 plus taxes.
Prime Cable Industries Limited has issued the notice for its 18th Annual General Meeting (AGM) scheduled for September 30, 2026, via Video Conferencing. Key agenda items include adopting the FY2025-26 audited financials and re-appointing director Mr. Naman Singla. The company is also seeking shareholder approval to increase the annual remuneration to INR 48.00 lakhs each for Managing Director Mr. Purshotam Singla, and Whole-Time Directors Mr. Naman Singla and Mr. Nikunj Singla, effective October 01, 2026.
- 18th AGM scheduled for September 30, 2026, at 02:00 PM via Video Conferencing.
- Proposed upward revision of MD Purshotam Singla's remuneration to INR 48.00 lakhs per annum effective October 01, 2026.
- Proposed remuneration increase for Whole-Time Directors Naman Singla and Nikunj Singla to INR 48.00 lakhs per annum each.
- Ratification of Cost Auditor M/s Ajay Kumar Singh & Co remuneration of INR 1,25,000 plus taxes for FY2026-2027.
Prime Cable Industries Limited has re-appointed M/s AKGSR & Co, Chartered Accountants (FRN 027579N), as the company's Internal Auditor for FY 2026-27. The decision was approved by the Board of Directors at their meeting on September 05, 2026, upon the recommendation of the Audit Committee. This is a routine annual internal audit governance reappointment with no change in the audit firm.
- Re-appointed M/s AKGSR & Co (FRN 027579N) as Internal Auditor for FY 2026-27
- Approval granted by the Board of Directors on September 05, 2026
- Action taken based on the recommendation of the Audit Committee
Prime Cable Industries Limited has informed the exchange that its Board of Directors approved the re-appointment of M/s AKGSR & Co, Chartered Accountants (FRN 027579N), as the Internal Auditor of the company. The re-appointment was approved at the Board meeting held on September 05, 2026, following the recommendation of the Audit Committee. The tenure covers internal audit functions for the financial year 2026-27.
- Re-appointment of M/s AKGSR & Co (FRN 027579N) as Internal Auditor approved on September 05, 2026
- Internal audit tenure confirmed for the financial year 2026-27 (FY27)
- Appointment approved upon the recommendation of the Audit Committee
Prime Cable Industries Limited's Board of Directors approved the re-appointment of Mr. Naman Singla (DIN: 07101556) as Whole Time Director at its meeting on September 05, 2026. Mr. Singla is retiring by rotation and has offered himself for re-appointment at the upcoming 18th Annual General Meeting. This represents a standard procedural re-appointment under corporate governance requirements.
- Board approved re-appointment of Mr. Naman Singla as Whole Time Director on September 05, 2026
- Re-appointment is subject to shareholder approval at the ensuing 18th Annual General Meeting
- Director was subject to retirement by rotation and offered himself for re-election
- Disclosed relationships include being the son of Mr. Purshotam Singla and brother of Mr. Nikunj Singla
Prime Cable Industries Limited held a Board meeting on September 05, 2026, approving the Board's Report and Annual Report for the financial year ended March 31, 2026. The Board approved the draft notice and cut-off dates to convene the 18th Annual General Meeting. Key proposals subject to shareholder approval include the re-appointment of Whole Time Director Mr. Naman Singla and remuneration hikes for Managing Director Mr. Purshotam Singla and Whole Time Directors Mr. Naman Singla and Mr. Nikunj Singla. Re-appointments of internal and cost auditors for FY 2026-27 were also approved.
- Approved draft notice and cut-off dates for convening the 18th Annual General Meeting
- Approved remuneration increases for MD Purshotam Singla and Whole Time Directors Naman Singla and Nikunj Singla (subject to shareholder approval)
- Re-appointed M/s AKGSR & Co (FRN 027579N) as Internal Auditor for FY 2026-27
- Re-appointed M/s Ajay Kumar Singh & Co (FRN 000386) as Cost Auditor for FY 2026-27
Prime Cable Industries Limited has secured a domestic purchase order valued at ₹8,48,42,000 (inclusive of GST) from a reputed State Discom. The contract entails the supply of Low Tension (LT) Cables. The entire order is slated for execution over a period of 4 months in FY2027 from its manufacturing units in Delhi and Rajasthan. This order reinforces the company's strong footprint in the government and PSU utility distribution space.
- Received purchase order of ₹8,48,42,000 (₹8.48 cr inclusive of GST)
- Contract awarded by a domestic Reputed State Discom
- Scope covers the supply of Low Tension (LT) Cables
- Execution timeline set at 4 months within FY2027
Prime Cable Industries Limited has received a domestic purchase order valued at ₹8.48 crore (inclusive of GST) from a reputed State Discom. The contract entails the supply of Low Tension (LT) cables to be executed within a period of 4 months in FY2027. This order reinforces the company's PSU/discom tender pipeline, which historically accounts for roughly 53.5% of its overall revenue mix. The contract is non-related party and awarded on an arm's length basis.
- Received purchase order valued at ₹8,48,42,000 (inclusive of GST)
- Contract is for the supply of LT Cables to a Reputed State Discom
- Execution timeline set at 4 months within FY2027
- No promoter or group company interest; non-related party transaction
Financial Performance
Revenue Growth by Segment
Revenue from operations grew 61.86% YoY to INR 90.71 Cr in H1FY26. Segment contributions: Power Transmission (53.5% of revenue, INR 48.64 Cr), Power Distribution (33.5%, INR 30.50 Cr), Power Generation (8%, INR 7.05 Cr), and Panel Builders (3%, INR 2.87 Cr).
Geographic Revenue Split
Top 12 states account for 88.3% of revenue. Key contributors in H1FY26: Jharkhand (INR 13.78 Cr), Rajasthan (INR 13.02 Cr), Karnataka (INR 10.17 Cr), West Bengal (INR 7.74 Cr), Uttar Pradesh (INR 5.31 Cr), and Bihar (INR 5.07 Cr).
Profitability Margins
PAT margin improved from 4.38% in H1FY25 to 6.04% in H1FY26 (up 166 bps). Gross margins saw a ~2% dip due to inventory valuation and raw material price variations, though operational efficiencies offset this at the EBITDA level.
EBITDA Margin
EBITDA margin stood at 10.72% in H1FY26, up 131 bps from 9.41% in H1FY25. EBITDA rose 84.44% YoY to INR 9.72 Cr, driven by operational leverage and improved capacity utilization.
Capital Expenditure
Planned capex of INR 150 Cr for a new Medium Voltage (MV) cable unit expected to be commissioned by Q2 FY27. Maintenance capex is minimal at ~INR 0.20 Cr (20 Lakhs) per year due to the newness of the Ghiloth plant.
Credit Rating & Borrowing
Total debt as of H1FY26 is INR 45.35 Cr, comprising short-term borrowings of INR 32.04 Cr (up from INR 24.27 Cr in FY25) and long-term borrowings of INR 13.31 Cr. Credit rating and specific interest rates were not disclosed in available documents.
Operational Drivers
Raw Materials
Copper and Aluminum (implied by cable manufacturing) represent the primary inputs. Cost of raw materials consumed in H1FY26 was INR 79.87 Cr, accounting for ~88% of total revenue.
Capacity Expansion
Current installed capacity is INR 350 Cr. Planned expansion of INR 150 Cr for Medium Voltage cables will bring total capacity to INR 500 Cr by Q2 FY27.
Raw Material Costs
Raw material costs were INR 79.87 Cr in H1FY26 (88% of revenue). Management noted a 1-2% variation in costs due to inventory changes and raw material price fluctuations.
Manufacturing Efficiency
Capacity utilization improved to 55% in H1FY26 from 35% in FY25. Management targets >80% utilization for existing capacity by FY27 and 30-40% for the new MV unit by the end of next year.
Strategic Growth
Expected Growth Rate
61.86%
Growth Strategy
Growth will be achieved through a INR 150 Cr capacity expansion into Medium Voltage (MV) cables by Q2 FY27, increasing total revenue potential to INR 500 Cr. The company is also diversifying into the private sector (now 46.5% of revenue) and expanding its geographic footprint beyond its top 12 states.
Products & Services
Aerial Bunched Cables (ABC), Control Cables, Instrumentation Cables, Communication Cables, House Wires, and Panel Wires.
Brand Portfolio
PRIMECAB
New Products/Services
Medium Voltage (MV) cables are the primary new product focus, supported by the upcoming INR 150 Cr capex unit.
Market Expansion
Expansion into new geographies and deeper engagement with private sector clients to balance the current 53.5% government/PSU revenue share.
External Factors
Industry Trends
Growing demand for power transmission and distribution infrastructure. Aerial Bunched Cables (ABC) are increasingly preferred in hilly, forest, and congested urban areas due to ease of installation and safety.
Competitive Landscape
Operates in a competitive tendering environment with a winning ratio of ~20%. Competitors are not specifically named.
Competitive Moat
Moats include NABL certified in-house testing, vendor approvals across 15 states, and a specialized product mix (Control cables) with higher margins (12-13%). These are sustainable due to the high barriers of entry for government vendor registrations.
Macro Economic Sensitivity
Highly sensitive to Indian infrastructure and power sector spending, as 53.5% of revenue is tied to government/PSU projects.
Consumer Behavior
Shift toward more efficient and safer distribution solutions like ABC cables in urban planning.
Regulatory & Governance
Industry Regulations
Operations are subject to quality standards and vendor approval processes from state electricity boards and PSUs. Specific pollution or pricing control regulations were not detailed.
Taxation Policy Impact
Effective tax rate for H1FY26 was approximately 21.2% (INR 1.47 Cr tax on INR 6.95 Cr PBT).
Risk Analysis
Key Uncertainties
Raw material price volatility (Copper/Aluminum) and the uncertainty of tender win ratios (~20%) are primary risks.
Geographic Concentration Risk
88.3% of revenue is concentrated in the top 12 states, with Jharkhand and Rajasthan accounting for nearly 30% combined.
Third Party Dependencies
High dependency on government/PSU tender awards (57% of sales mode) and EPC contractors (39% of sales mode).
Technology Obsolescence Risk
Low risk as the Ghiloth manufacturing unit uses new machinery and the company is expanding into higher-tech Medium Voltage cables.
Credit & Counterparty Risk
Trade receivables stood at INR 41.18 Cr in H1FY26, representing approximately 45% of H1 revenue, indicating significant credit exposure to clients.
