Prime Cable Shares Hit 52-Week High as Net Profits Skyrocket 310%

Synopsis: Prime Cable Industries Limited (PRIMECAB) shares surged over 9% to a new 52-week high today, May 11, 2026, following a massive ₹8.30 crore order win. The SME powerhouse is riding a wave of explosive growth, with trailing twelve-month (TTM) profits jumping 310%, as it aggressively scales its capacity in the high-voltage cable segment.

In a major boost to its order book, Prime Cable Industries Limited announced on May 9, 2026, that it has secured a domestic contract worth ₹8.30 crore (inclusive of GST) from a private entity. The order involves the manufacture and supply of 11 KV HT (High Tension) Cables, a specialized product segment for the company.

The contract features an exceptionally tight execution window of just 30 days, or as per the specific schedule of the awarding entity. This rapid turnaround highlights Prime Cable’s operational efficiency and is expected to provide an immediate boost to its Q1 FY2027 revenue. This win follows a record-breaking April where the company reported securing its largest-ever order of ₹32 crore, alongside another ₹37.85 crore domestic order for HT and LT cables.

Prime Cable’s financial performance has entered a high-growth phase, with its bottom line far outstripping industry medians. For the fiscal year ended March 2025, the company reported consolidated sales of ₹141 crore, representing a 71.95% increase from ₹82 crore in March 2024.

The company’s profitability has seen even more dramatic gains. Net Profit for FY25 surged to ₹8 crore, a staggering 300% increase compared to the ₹2 crore reported in the previous fiscal year. This momentum has continued into the current period, with Compounded Profit Growth for the trailing twelve months (TTM) reaching 310%.

The company’s growth momentum has continued into FY26. Prime Cable reported provisional revenue of ₹234.6 crore for FY26, marking a strong 66.4% increase compared to ₹141 crore in FY25. In the first half of FY26 alone, Profit After Tax (PAT) more than doubled to ₹5.48 crore, while EBITDA rose 84.4% year-on-year to ₹9.7 crore, highlighting improving operating performance.

Supporting this growth is a rapidly expanding order pipeline. As of April 2026, the company’s total order book stood at a record ₹217 crore, providing strong revenue visibility for the coming quarters. Demand has been driven by increased tenders from State Electricity Boards along with rising orders from private sector clients.

The balance sheet reflects this expansionary phase. Total Assets grew by 91.67% to ₹92 crore in March 2025, up from ₹48 crore in March 2024. This growth was supported by a 375% increase in Fixed Assets, which climbed to ₹19 crore as the company invested heavily in manufacturing capacity. Despite this rapid scaling, the company maintains a strong Return on Equity (ROE) of 69%, significantly higher than its three-year average of 43%.

The market reacted with high optimism to the latest order win. As of 11:12 AM IST on May 11, 2026, Prime Cable was trading at ₹123.00, up 10.39% for the day. Earlier in the session, the stock hit a fresh 52-week high of ₹127.90.

The stock has delivered exceptional absolute returns of 38.93% over the last month and 48.30% year-to-date (YTD). With a current market capitalization of ₹223.65 crore, the stock is trading at a P/E ratio of 21.4x, which remains below the industry average P/E of 25.6x, suggesting further room for valuation catch-up.

Company Overview

Established in 1997, Prime Cable Industries Limited is a Delhi-based manufacturer specializing in a diverse range of wires and cables. Its portfolio includes LT PVC/XLPE Power, Control, and Aerial Bunch (AB) cables, as well as instrumentation cables and housing wires. The company operates two primary units in Delhi and Rajasthan and is a constituent of the Nifty SME Emerge index.

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