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Jigar Cables
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Jigar Cables Ltd was originally formed as a partnership firm in the name of 'Jigar Industries' on 1, August 1997. The name of the partnership firm was changed to 'Jigar Cables' on 1, January 2017. Jigar Cables was thereafter converted from a partnership firm to a public limited company with the name of 'Jigar Cables Limited' on 7, February 2017. Parshottambhai Vaghasiya and Vijaybhai Shingala are the Promoters of the Company and were the partners of the erstwhile partnership firm.
Jigar Cables is engaged in manufacturing of wires and cables wires in India. The promoters of the company are in business of wires and cable wire since 1997. The company manufactures Power and Control Cables, House Wires/ Building Wires, Flat Cables for Submersible pumps and Aerial Bunched cables under the brand name 'SIGMA'.
The company has recently incorporated a new company under the name of Jigar Polymers Limited, for manufacturing of PVC and XLPE. Thus it strives to achieve operational efficiency by backward integration. Post commencement of business of Jigar Polymers Limited, all major raw materials required in manufacturing of its product would be in house which would allow it to provide utmost quality and consistency to customers.
Jigar Cables share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Jigar Cables indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Jigar Cables is valued compared to its competitors.
Jigar Cables PE ratio helps investors understand what is the market value of each stock compared to Jigar Cables 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Jigar Cables evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Jigar Cables generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Jigar Cables in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Jigar Cables shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Jigar Cables compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Jigar Cables over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Jigar Cables helps investors get an insight into when they can enter or exit the stock. Key components of Jigar Cables Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Jigar Cables shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Jigar Cables ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Jigar Cables provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Jigar Cables highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Jigar Cables .
The balance sheet presents a snapshot of Jigar Cables ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.