Prime Cable Industries Ltd (NSE SME)

Company Financials In Crores

Company Overview

Established in 1997 (as a proprietorship firm) and later expanded into a company.

Manufactures and supplies a wide range of wires and cables under the brands “PRIMECAB” and “RENUFO.”

Product portfolio includes:

LT PVC/XLPE Power Cables

Control Cables

Aerial Bunched (AB) Cables

Communication Cables

Serves diverse industries: power generation, transmission & distribution, oil & gas, mining, steel, and real estate.

Products are ISI-marked and quality certified, ensuring compliance with industry standards.

Workforce: 144 employees (as of April 30, 2025).
Object of the issue:

Capital Expenditure: ₹14.46 crore for civil construction and purchase of plant & machinery.

Debt Repayment: ₹4.48 crore for repayment of certain term loan facilities.

Working Capital Requirement: ₹7.89 crore to meet day-to-day operational needs such as raw material purchases, labor expenses, inventory, and receivables management.

Strength

Established Brand & Legacy: Over two decades of presence in the cable manufacturing industry with recognized brands “PRIMECAB” and “RENUFO.”

Strong Client Relationships: Long-standing association with reputed clients ensures recurring business and customer loyalty.

Government Tender Eligibility: Vendor approvals across multiple states and fulfillment of Bid Qualification Requirements (BQRs) make the company well-positioned to secure government contracts.

Weakness

Dependence on Government Contracts: A significant portion of revenue comes from government entities and EPC contractors. These contracts are awarded through a competitive bidding process and are not long-term. Any failure to win tenders or client attrition can negatively impact revenues.

Supplier Concentration Risk: The company relies heavily on its top 10 raw material suppliers. Disruption in supply or delayed procurement could affect production timelines and profitability.

Raw Material Price Volatility: Cables manufacturing is highly dependent on copper, aluminum, PVC, and other commodities. Fluctuations in these input costs may squeeze margins and impact financial performance.