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Prime Cable Industries Limited
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The Promoter, Purshotam Singla commenced his journey in 1997 with a sole proprietor concern titled Prime Cable Industries' wherein he started the business of manufacturing and trading of electrical cables and allied items. To expand the business, Purshotam Singla and Vijay Lakshmi Singla incorporated R C Cable Private Limited' in 2008 to continue with manufacturing and trading of cables and wires. Effective April 1, 2009, the business of Prime Cable Industries was acquired and taken over by the Company as a going concern basis.
Further, in February 2019, Company's name was changed to Prime Cable Industries Private Limited. Subsequently, both the sons of our Promoters, Purshotam Singla and Vijay Lakshmi Singla i.e. Naman Singla and Nikunj Singla joined the Company as Promoters since October 2018, further contributing to its ongoing growth and expansion. Subsequently, the status of the Company was converted into a public Company and the name was changed from 'Prime Cable Industries Private Limited' to 'Prime Cable Industries Limited' and a fresh certificate of incorporation was issued on December 18, 2024 by the Registrar of Companies, Central Processing Centre.
Further, Shreya Jhalani Singla, spouse of Naman Singla, also joined the Company in 2022 and was subsequently appointed as a non-executive director since February 2025 to assist the Company in their expansion plans. The Company started production at Unit II for manufacture of Control Cables, Power Cables etc. in 2024. The experience, expertise, and industry knowledge of Promoters has enabled Company to evolve, diversify and to become an established manufacturer of cables and wires.
Company has been engaged in the manufacturing and sale of cables and wires for the past 17 years. It manufacture low voltage (up to 1.1 KV) control cables, power cables, aerial bunch cables, instrumentation cables, housing/building wires and conductors catering to several institutions which includes EPC players, electricity boards, public sector undertakings responsible for generation, transmission and distribution of power (transmission, distribution and generation), oil & gas, mining, steel, real estate, electric panel builders, etc.
Company is planning to raise capital of Rs 40.10 Crore equity shares having the face value of Rs 5 each, comprising a fresh issue of 35.10 Crore and Rs 5 Crore equity shares via offer for sale.
Prime Cable Industries Limited 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 Prime Cable Industries Limited 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 Prime Cable Industries Limited is valued compared to its competitors.
Prime Cable Industries Limited PE ratio helps investors understand what is the market value of each stock compared to Prime Cable Industries Limited'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 Prime Cable Industries Limited 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 Prime Cable Industries Limited 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 Prime Cable Industries Limited 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 Prime Cable Industries Limited 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 Prime Cable Industries Limited 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 Prime Cable Industries Limited 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 Prime Cable Industries Limited helps investors get an insight into when they can enter or exit the stock. Key components of Prime Cable Industries Limited 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 Prime Cable Industries Limited 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 Prime Cable Industries Limited’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 Prime Cable Industries Limited 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 Prime Cable Industries Limited 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 Prime Cable Industries Limited.
The balance sheet presents a snapshot of Prime Cable Industries Limited’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.