RRKABEL - R R Kabel
📢 Recent Corporate Announcements
RR Kabel Limited has announced the re-appointment of its audit teams for the 2026-27 financial year following a board meeting on April 30, 2026. PricewaterhouseCoopers (PwC) Services LLP will remain the Internal Auditors, and B S R & Co. LLP will continue as Tax Auditors. Additionally, Poddar & Co. has been retained as Cost Auditors. These decisions maintain consistency in the company's financial reporting and internal audit processes.
- Re-appointment of PwC Services LLP as Internal Auditors for FY 2026-27
- B S R & Co. LLP retained as Tax Auditors for a 1-year term
- M/s. Poddar & Co. re-appointed as Cost Auditors for the upcoming financial year
- Decisions approved during the Board Meeting held on April 30, 2026
R R Kabel Limited has officially fixed Tuesday, June 16, 2026, as the record date for its final dividend for the financial year 2025-26. The company has proposed a dividend of ₹5.50 per equity share, which translates to 110% of the face value. This payout is subject to the approval of shareholders at the upcoming general meeting. Investors must hold the shares in their demat accounts by the record date to be eligible for the payment.
- Final dividend of ₹5.50 per equity share announced for FY 2025-26
- Dividend payout represents 110% of the face value of the shares
- Record date for determining eligibility fixed as June 16, 2026
- Payment is subject to mandatory shareholder approval
R R Kabel Limited reported a landmark FY26 with annual revenue reaching ₹9,722.4 crore, a 27.6% YoY growth, crossing the $1 billion milestone. The company's profitability saw significant expansion, with annual PAT growing 58% to ₹492.2 crore and EBITDA margins improving by 171 basis points to 8.1%. Growth was primarily driven by the Wires & Cables segment, which saw a 31% revenue increase and improved margins of 8.9%. Additionally, the company improved its operational efficiency, reducing its net working capital cycle to 49 days from 56 days in the previous year.
- Annual revenue reached ₹9,722.4 crore (+27.6% YoY), surpassing the $1 billion milestone.
- Full-year PAT increased by 58% YoY to ₹492.2 crore, with Q4 PAT up 30.1% to ₹168 crore.
- EBITDA margins expanded to 8.1% in FY26 from 6.4% in FY25, driven by Wires & Cables segment efficiencies.
- Wires & Cables segment revenue grew 31% YoY to ₹8,763.7 crore with a segment profit margin of 8.9%.
- Net working capital days improved significantly to 49 days as of March 2026 compared to 56 days in March 2025.
R R Kabel reported a strong performance for Q4 FY26, with revenue growing 33.7% YoY to ₹2,964.1 crore, driven primarily by the Wires & Cables segment. The company achieved a significant milestone as annual revenue crossed the $1 billion mark, reaching ₹9,722.4 crore for FY26. Full-year profitability saw a massive surge, with PAT increasing by 58% YoY to ₹492.2 crore and EBITDA margins expanding by 171 bps to 8.1%. While the FMEG segment remains loss-making, operational efficiencies have helped reduce these losses significantly on an annual basis.
- Consolidated revenue for FY26 grew 27.6% YoY to ₹9,722.4 crore, crossing the $1 billion milestone.
- Q4 FY26 PAT rose 30.1% YoY to ₹168 crore, while full-year PAT surged 58% to ₹492.2 crore.
- Operating EBITDA for FY26 increased by 61.8% YoY to ₹789.1 crore, with margins expanding from 6.4% to 8.1%.
- Wires & Cables segment (90% of revenue) posted 36.3% YoY revenue growth in Q4, led by domestic and export demand.
- FMEG segment showed remarkable improvement in annual segment profit through operating efficiencies and reduced losses.
R R Kabel Limited reported a robust performance for the financial year ended March 31, 2026, with annual standalone revenue growing 27.6% to ₹9,722 crore. Net profit for the full year surged 57.3% to ₹486.9 crore, driven by strong operational growth despite a one-time exceptional charge of ₹19 crore related to labor codes. For Q4 FY26, revenue stood at ₹2,964 crore, up 33.6% YoY, while net profit rose 30% to ₹166 crore. The board has recommended a final dividend of ₹5.5 per share, bringing the total dividend for the year to ₹9.5 per share.
- Standalone Revenue for FY26 grew by 27.6% YoY to ₹9,72,236 lakhs.
- Net Profit for the full year FY26 increased significantly by 57.3% to ₹48,690 lakhs.
- Q4 FY26 Revenue from operations rose 33.6% YoY to ₹2,96,414 lakhs.
- Recommended a final dividend of ₹5.5 per share (110%), totaling ₹9.5 for the full year including interim.
- Basic EPS for the full year improved to ₹43.06 from ₹27.40 in the previous year.
R R Kabel Limited has announced its earnings conference call to discuss the audited standalone and consolidated financial results for the quarter and full year ended March 31, 2026. The call is scheduled for Thursday, April 30, 2026, at 4:30 PM IST. Senior management, including the Managing Director and CFO, will be present to address performance queries. This is a standard regulatory notification following the conclusion of the financial year.
- Earnings call scheduled for April 30, 2026, at 4:30 PM IST.
- Covers audited standalone and consolidated results for Q4 and FY26.
- Management participants include MD Mahendrakumar Kabra and CFO Jigar Mehta.
- Primary dial-in numbers provided: +91 22 6280 1550 and +91 22 7115 8378.
RR Kabel has announced a strategic expansion of its Fast-Moving Electrical Goods (FMEG) portfolio by entering the kitchen appliances segment under its 'RR Signature' brand. The new range includes mixer grinders, electric cooktops, and hand blenders, aimed at capturing the growing demand for energy-efficient cooking solutions. Additionally, the company has introduced industrial-grade air coolers with higher tank capacities to target both commercial and residential markets. This expansion is designed to drive deeper market penetration and diversify revenue streams beyond the core wires and cables business.
- Strategic entry into the Kitchen Appliances market with Mixer Grinders, Induction Cooktops, and Hand Blenders.
- Expansion of Air Cooler portfolio with Industrial (Semi-Commercial) models featuring higher tank capacities.
- Focus on electric cooking solutions to capitalize on shifting consumer preferences and LPG pricing dynamics.
- Planned introduction of additional kitchen appliance categories throughout FY26-27 to strengthen market presence.
- Leveraging the premium 'RR Signature' brand to offer best-in-class warranties and increase consumer touchpoints.
R R Kabel Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the period ending March 31, 2026. The certificate, issued by MUFG Intime India Private Limited, confirms that all dematerialization requests were processed within the mandated timelines. It verifies that physical security certificates were mutilated and cancelled after due verification. This is a standard administrative filing required to maintain regulatory standing on Indian stock exchanges.
- Compliance certificate issued for the quarter ended March 31, 2026
- Confirmation provided by Registrar and Share Transfer Agent, MUFG Intime India Private Limited
- Dematerialization requests were processed and confirmed to depositories within prescribed timelines
- Physical certificates were mutilated and cancelled as per SEBI regulations
The GST Department has filed appeals against previous orders that were ruled in favor of R R Kabel regarding tax refund claims. The dispute involves a total refund amount of ₹36.91 crore and penalties of approximately ₹3.69 crore for the periods between 2018 and 2021. The department contends that the refunds were incorrectly allowed under Rule 89(4) instead of Rule 89(4B) of the CGST Act. While the company previously won these cases in September 2024, the matter is now pending before the Goods and Services Tax Appellate Tribunal (GSTAT).
- Total refund amount under dispute is ₹36,90,78,517 (approx. ₹36.91 Cr) across two periods.
- The GST Department is seeking additional penalties totaling ₹3,69,07,851 (approx. ₹3.69 Cr).
- The appeals challenge favorable orders issued to the company on September 26, 2024.
- The dispute centers on the technical interpretation of Rule 89(4) vs Rule 89(4B) for export-related refunds.
- The company does not expect any material financial implications from these appeals at this stage.
R R Kabel Limited has received a re-assessment order from the Income Tax Department for the Assessment Year 2022-23. The order raises a total tax demand of ₹9.01 Crores, which includes an interest component of ₹0.89 Crores. This demand stems from certain additions and disallowances of expenditures under various sections of the Income Tax Act. The company has formally stated its intention to file an appeal against this order and does not expect any material impact on its financial or operational activities.
- Total income tax demand of ₹9.01 Crores raised for Assessment Year 2022-23
- Demand includes interest charges amounting to ₹0.89 Crores
- Order issued under Section 143(3) read with Section 147 of the IT Act
- Company intends to contest the demand by filing an appeal with the relevant authorities
- Management expects no material impact on the company's financials or operations
R R Kabel Limited has received re-assessment orders from the Income Tax Department for the assessment years 2015-16 and 2016-17. The total tax demand raised amounts to ₹5.44 crores, which includes a significant interest component of ₹4.27 crores. The demand stems from certain additions and disallowances of expenditures under various sections of the IT Act. The company has stated its intention to file an appeal and does not expect any material impact on its financial operations.
- Total income tax demand of ₹5.44 crores raised for AY 2015-16 and AY 2016-17.
- The demand includes a substantial interest component of ₹4.27 crores.
- Orders were issued under Section 143(3) read with Section 147 of the IT Act.
- Company intends to contest the demand by filing an appeal before the appropriate authorities.
- Management expects no material impact on the company's financial position or operations.
R R Kabel Limited has allotted 4,448 equity shares to an eligible employee following the exercise of options under the RRKL ESOP 2020 plan. The shares were issued at an exercise price of ₹450 per share, which includes a premium of ₹445 per share. This allotment has marginally increased the company's total paid-up equity share capital to ₹56,55,27,525. The dilution resulting from this issuance is negligible at approximately 0.004% of the total share capital.
- Allotment of 4,448 equity shares of face value ₹5 each on March 26, 2026
- Exercise price fixed at ₹450 per share, including a premium of ₹445
- Total paid-up equity shares increased from 11,31,01,057 to 11,31,05,505
- Paid-up equity share capital stands at ₹56,55,27,525 post-allotment
R R Kabel Limited has announced the closure of its trading window starting April 1, 2026, in compliance with SEBI Insider Trading regulations. This closure is mandatory ahead of the declaration of the audited standalone and consolidated financial results for the quarter and year ending March 31, 2026. The window will remain closed for all designated persons, including directors and employees, until 48 hours after the results are announced. This is a standard regulatory procedure and does not indicate any fundamental change in the company's operations.
- Trading window closure begins on Wednesday, April 1, 2026.
- Closure pertains to the audited financial results for the quarter and year ending March 31, 2026.
- Applies to all Designated Persons, Directors, Insiders, and their immediate relatives.
- Trading window will reopen 48 hours after the official declaration of results.
R R Kabel Limited has received re-assessment orders from the Income Tax Department for the assessment years 2018-19, 2019-20, and 2021-22. The total demand raised amounts to ₹66.58 Crores, which includes a substantial interest component of ₹42.27 Crores. The company has identified potential clerical and computational errors in the orders and intends to file for rectification under Section 154. Furthermore, the management plans to appeal all orders and currently does not anticipate any material impact on its financial operations.
- Total income tax demand of ₹66.58 Crores raised by the IT Department.
- Demand includes ₹42.27 Crores in interest charges across three assessment years.
- Orders relate to AY 2018-19, AY 2019-20, and AY 2021-22 regarding expenditure disallowances.
- Company identifies computational errors and will seek rectification under Section 154.
- Management intends to contest the orders through formal appeals.
R R Kabel Limited has scheduled a series of physical interactions with institutional investors and analysts in Singapore. The company will participate in the J.P. Morgan India Forum on March 9 and 10, followed by the UBS Emerging India Mid-caps Corporate Day on March 11, 2026. These meetings will consist of both group and one-on-one sessions. The company has explicitly stated that no unpublished price sensitive information (UPSI) will be shared during these interactions.
- Participation in J.P. Morgan India Forum in Singapore on March 9-10, 2026.
- Attendance at UBS Emerging India Mid-caps Corporate Day on March 11, 2026.
- Meetings will be conducted in physical format, including group and one-on-one sessions.
- Management confirms that no Unpublished Price Sensitive Information (UPSI) will be disclosed.
Financial Performance
Revenue Growth by Segment
The Wires & Cables segment grew 22.3% YoY to INR 1,971.2 Cr in Q2 FY26, while the FMEG segment saw a marginal decline of 2.9% YoY to INR 192.6 Cr. Overall revenue for Q2 FY26 grew 19.5% YoY to INR 2,163.8 Cr.
Geographic Revenue Split
As of Q2 FY26, Domestic revenue contributed 73% and Exports contributed 27%. For H1 FY26, the split was 72% Domestic and 28% Export, showing a slight increase in export contribution compared to 24% in Q2 FY25.
Profitability Margins
Gross Profit Margin was 17.9% in FY25 compared to 18.9% in FY24. However, PAT margin showed significant improvement, rising from 2.7% in Q2 FY25 to 5.4% in Q2 FY26, a 264 basis point expansion driven by operational efficiencies.
EBITDA Margin
Operating EBITDA margin expanded to 8.1% in Q2 FY26 from 4.7% in Q2 FY25. This 105.8% YoY increase in EBITDA to INR 176.1 Cr was primarily due to operating leverage and better cost absorption.
Capital Expenditure
Total Non-Current Assets increased from INR 874.0 Cr in FY24 to INR 1,264.3 Cr in FY25, reflecting significant investment. The company is currently executing a 'master plan' for cable capacity expansion to increase B2B market presence.
Credit Rating & Borrowing
CRISIL reaffirmed and subsequently withdrew ratings of CRISIL A+/Stable (Long Term) and CRISIL A1+ (Short Term) in 2021 at the company's request. Interest coverage ratio was 6.13x as of March 2020.
Operational Drivers
Raw Materials
Copper and Aluminum (linked to LME prices) and PVC. Cost of materials consumed was INR 5,836.8 Cr in FY25, representing 76.6% of total revenue.
Import Sources
Not specifically disclosed, though the company monitors London Metal Exchange (LME) prices for global procurement benchmarks.
Capacity Expansion
The company is expanding its cable segment capacity to transition from a 'small player' in the B2B segment to a larger one, aiming to improve margins through higher volumes and better operating leverage.
Raw Material Costs
Raw material costs are highly sensitive to LME price fluctuations. In Q2 FY26, gross margins improved by 300 basis points, partly due to sustainable procurement strategies and value realization despite price volatility.
Manufacturing Efficiency
EBITDA margin expansion to 8.1% in Q2 FY26 reflects improved manufacturing efficiency and better cost absorption across the production chain.
Logistics & Distribution
The company utilizes AI-driven route optimization and Sales Force Automation (SFA) to improve distribution efficiency across its retail footprint.
Strategic Growth
Expected Growth Rate
18-25%
Growth Strategy
Growth will be driven by 'Project RRISE', targeting an 18% CAGR in Wires & Cables and 25% CAGR in FMEG through FY28. Strategies include expanding the retail footprint, increasing B2B cable capacity, and focusing on premiumization in the FMEG sector.
Products & Services
Housing wires, industrial cables, power cables, fans, lighting, switches, and home appliances.
Brand Portfolio
RR Kabel.
New Products/Services
Focusing on value-added, energy-efficient, and safety-compliant products to differentiate in the competitive landscape; specific contribution % not disclosed.
Market Expansion
Targeting increased penetration in the B2B cable segment and expanding the global export footprint, which already contributes 27% of Q2 FY26 revenue.
Market Share & Ranking
Commands a lower double-digit market share in the housing wire category and was previously cited as having a 3% overall market share in the organized Indian cable market.
Strategic Alliances
Share of profit from Joint Ventures was INR 2.1 Cr in FY25, up from INR 1.1 Cr in FY24.
External Factors
Industry Trends
The industry is shifting toward organized, branded players due to increased consumer awareness of safety. The market is evolving toward premium, energy-efficient products and AI-integrated distribution.
Competitive Landscape
Operates in a highly competitive market against other organized players; differentiation is achieved through safety standards and a 'people-first' HR philosophy.
Competitive Moat
The moat is built on a deep distribution network, premium brand positioning, and compliance with global quality benchmarks, which are difficult for unorganized players to replicate.
Macro Economic Sensitivity
Highly sensitive to construction activity, infrastructure expansion, and government electrification projects which drive the core Wires & Cables demand.
Consumer Behavior
Rising disposable incomes are driving a trend toward 'premiumization' and 'personalization' in FMEG products like fans and appliances.
Geopolitical Risks
Global preference for Indian manufactured cables supports export growth, but trade barriers or shifts in international standards could impact the 27% export revenue share.
Regulatory & Governance
Industry Regulations
Operations must adhere to stringent safety standards, global quality benchmarks, and healthcare-related compliance checks for employees.
Taxation Policy Impact
Total tax expense for FY25 was INR 97.8 Cr, representing an effective tax rate of approximately 23.9% on PBT of INR 409.5 Cr.
Risk Analysis
Key Uncertainties
Volatility in LME copper/aluminum prices and the ability to maintain margins during seasonal demand fluctuations in the FMEG segment.
Geographic Concentration Risk
73% of revenue is concentrated in the Indian domestic market, making the company sensitive to local economic and construction cycles.
Third Party Dependencies
High dependency on global metal markets for raw materials, which constitute over 75% of the cost structure.
Technology Obsolescence Risk
The company is mitigating tech risks by adopting AI-driven route optimization and eB2B platforms to improve sales productivity.
Credit & Counterparty Risk
Trade receivables stood at INR 823.2 Cr in FY25, up from INR 641.2 Cr in FY24, reflecting a 28.4% increase in credit exposure.