JD Cables Q4 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹376 Cr
- P/E
- 11.84
- ROE
- 36.01%
- PEG
- 0.03
- Price to sales
- 1.04
- Debt to equity
- 0.39
- 52W high / low
- ₹250 / ₹131
- Sales growth (5Y)
- 79.20%
- EBITDA margin
- 13.03%
- Net profit margin
- 8.70%
- Promoter holding
- 70.00%
- Sales (last year)
- ₹365 Cr
Incorporated in 2015, JD Cables Limited is engaged in the manufacturing of cables and conductors that cater to the power transmission and distribution sector. [1]
Guidance scorecard · Q4 FY26 call
What JD Cables Ltd's management guided
and where it ranks in Industrial Products
Industrial Products
RevenueQ4 FY26 call
40%+- JD Cables is targeting a 50% to 60% revenue growth for FY27 and the next financial year.
- The EPC segment revenue is expected to increase significantly from around INR 30 crores in FY26 to at least INR 200 crores in FY27.
- Cable and conductor businesses are expected to grow 30% to 40% in revenue.
- Capacity expansion plans include doubling current capacity (~28,000 kilometers) by September 2026, with potential to 3x or 4x capacity within two years depending on order book.
- Order book target for FY27 is conservatively INR 700-800 crores, up from INR 515 crores as of March 2026.
2 more points from JD Cables Ltd's call on revenue
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MarginsQ4 FY26 call
FlatSee what JD Cables Ltd said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- JD Cables Limited is planning capex of around INR 20 to 30 crores, depending on order inflow.
- They have already procured land and made advance payments for additional land adjacent to their new factory.
- A new industrial facility at Jamshedpur (~1.18 lakh sq. ft) supports future capacity expansion.
- The new conductor and cable division facilities are coming up, with the conductor division awaiting power connection expected within the month.
- Capacity is expected to double initially, with potential to expand 3x to 4x within two years depending on orders.
2 more points from JD Cables Ltd's call on capex
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FundraisingQ4 FY26 call
PlannedSee what JD Cables Ltd said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
Rising- Current order book as of June 2026: Approximately INR 500-515 crores.
- Order book timeline: Normally around one and a half years for execution.
- Order book composition: Around INR 300 crores from EPC segment and INR 200 crores from cables and conductors.
- Pending tenders participation: Company has participated in tenders worth over INR 1,000 crores, awaiting results.
2 more points from JD Cables Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Products
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Industrial Products companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹532 Cr | 21.2 | |
| 2 | 40%+ | Up 2%+ | ₹450 Cr | 13.2 | |
| 3 | 40%+ | Up 2%+ | ₹371 Cr | 26.1 | |
| 4 | 40%+ | Up 0–2% | ₹1,340 Cr | 32.9 | |
| 5 | 40%+ | Up 0–2% | ₹1,196 Cr | 14.1 | |
| 6 | 40%+ | Flat | ₹966 Cr | 25.0 |
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Pro shows every company guiding 40%+ revenue growth →Full Industrial Products rankingFinancials of JD Cables Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of JD Cables Ltd
Quarterly Results
Quarter-by-quarter operating performance
Financials of JD Cables Ltd
Profit & Loss
Annual income statement trend
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| Sales + | 20 | 55 | 41 | 101 | 251 | 264 |
| Expenses + | 19 | 53 | 40 | 94 | 216 | 227 |
| Operating Profit | 1 | 1 | 1 | 7 | 34 | 38 |
| OPM % | 3% | 2% | 2% | 7% | 14% | 14% |
| Other Income + | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 1 | 0 | 1 | 4 | 5 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 1 |
| Profit before tax | 0 | 1 | 0 | 6 | 30 | 32 |
| Tax % | 27% | 27% | 28% | 25% | 25% | |
| Net Profit + | 0 | 0 | 0 | 5 | 22 | 24 |
| EPS in Rs | 73.33 | 146.67 | 106.67 | 916.00 | 4,430.00 | 2,347.29 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Financials of JD Cables Ltd
Balance Sheet
Capital structure and asset base
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.03 | 0.03 | 0.03 | 0.05 | 0.05 | 23 |
| Reserves | 0 | 1 | 1 | 8 | 30 | 104 |
| Borrowings + | 5 | 5 | 4 | 18 | 46 | 43 |
| Other Liabilities + | 10 | 10 | 13 | 19 | 39 | 42 |
| Total Liabilities | 15 | 16 | 18 | 45 | 115 | 211 |
| Fixed Assets + | 2 | 2 | 2 | 3 | 10 | 9 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 13 | 14 | 16 | 42 | 106 | 202 |
| Total Assets | 15 | 16 | 18 | 45 | 115 | 211 |
Financials of JD Cables Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Cash from Operating Activity + | -0 | 0 | 1 | -13 | -18 |
| Cash from Investing Activity + | -2 | 0 | 0 | -2 | -7 |
| Cash from Financing Activity + | 2 | -0 | -1 | 15 | 25 |
| Net Cash Flow | 0 | -0 | 0 | 1 | -1 |
| Free Cash Flow | -2 | 0 | 1 | -14 | -25 |
| CFO/OP | -76% | 15% | 161% | -159% | -42% |
Financials of JD Cables Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 168 | 66 | 89 | 92 | 89 |
| Inventory Days | 53 | 26 | 52 | 50 | 63 |
| Days Payable | 120 | 24 | 102 | 61 | 56 |
| Cash Conversion Cycle | 101 | 69 | 39 | 80 | 96 |
| Working Capital Days | -32 | -8 | -9 | 11 | 25 |
| ROCE % | 21% | 16% | 47% | 66% |
Guidance history
How JD Cables Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 40%+ | Flat | Planned | Planned | Rising |
| Q2 FY26 call → | 20–40% | Flat | Planned | Planned | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Continue your research
What JD Cables Ltd's management said in earlier quarters
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