Jigar Cables Ltd
Incorporated in 2017, Jigar Cables Ltd manufactures Electric wires, cables, and
PVC.[1]
- Market Cap ₹ 53.2 Cr.
- Current Price ₹ 59.0
- High / Low ₹ 76.9 / 49.6
- Stock P/E 36.2
- Book Value ₹ 31.9
- Dividend Yield 0.00 %
- ROCE 16.8 %
- ROE 8.85 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Debtor days have improved from 63.4 to 33.3 days.
- Company's working capital requirements have reduced from 116 days to 51.8 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 7.20% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Electrical Equipment Other Electrical Equipment
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.12 | 19.66 | 20.17 | 12.07 | 13.30 | 11.12 | 27.15 | 41.38 | 102.87 | 67.89 | |
| 0.99 | 18.47 | 19.23 | 11.38 | 12.66 | 10.37 | 25.26 | 39.63 | 98.65 | 64.47 | |
| Operating Profit | 0.13 | 1.19 | 0.94 | 0.69 | 0.64 | 0.75 | 1.89 | 1.75 | 4.22 | 3.42 |
| OPM % | 11.61% | 6.05% | 4.66% | 5.72% | 4.81% | 6.74% | 6.96% | 4.23% | 4.10% | 5.04% |
| 0.02 | 0.14 | 0.50 | 0.51 | 0.45 | 0.36 | 0.13 | 0.21 | 0.12 | 0.15 | |
| Interest | 0.12 | 0.53 | 0.40 | 0.37 | 0.22 | 0.32 | 0.35 | 0.26 | 1.50 | 0.77 |
| Depreciation | 0.03 | 0.39 | 0.49 | 0.43 | 0.39 | 0.37 | 0.32 | 0.29 | 0.46 | 0.79 |
| Profit before tax | 0.00 | 0.41 | 0.55 | 0.40 | 0.48 | 0.42 | 1.35 | 1.41 | 2.38 | 2.01 |
| Tax % | 14.63% | 25.45% | 47.50% | 25.00% | 21.43% | 25.93% | 28.37% | 26.89% | ||
| 0.03 | 0.35 | 0.41 | 0.20 | 0.36 | 0.33 | 0.99 | 1.01 | 1.75 | 1.47 | |
| EPS in Rs | 0.07 | 0.50 | 0.58 | 0.28 | 0.51 | 0.47 | 1.41 | 1.44 | 2.49 | 1.91 |
| Dividend Payout % | 0.00% | 0.00% | 34.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 54% |
| 3 Years: | 110% |
| TTM: | -21% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 54% |
| 3 Years: | 74% |
| TTM: | -3% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 10% |
| 1 Year: | 7% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 6% |
| 3 Years: | 7% |
| Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4.50 | 7.03 | 7.03 | 7.03 | 7.03 | 7.03 | 7.03 | 7.03 | 7.03 | 9.01 |
| Reserves | 0.83 | 6.24 | 6.48 | 6.68 | 7.04 | 7.37 | 8.36 | 11.86 | 13.62 | 19.70 |
| 5.07 | 3.41 | 2.89 | 2.98 | 3.48 | 3.49 | 4.68 | 4.28 | 2.34 | 0.00 | |
| 0.43 | 0.36 | 2.07 | 4.46 | 0.86 | 1.06 | 1.70 | 0.94 | 1.18 | 2.70 | |
| Total Liabilities | 10.83 | 17.04 | 18.47 | 21.15 | 18.41 | 18.95 | 21.77 | 24.11 | 24.17 | 31.41 |
| 1.11 | 2.55 | 2.63 | 2.16 | 2.20 | 1.98 | 1.74 | 1.65 | 3.69 | 9.53 | |
| CWIP | 0.26 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.05 | 0.05 | 1.05 | 1.05 | 1.05 | 1.05 | 1.05 | 1.05 | 1.05 | 1.05 |
| 9.41 | 14.44 | 14.79 | 17.94 | 15.16 | 15.92 | 18.98 | 21.41 | 19.43 | 20.83 | |
| Total Assets | 10.83 | 17.04 | 18.47 | 21.15 | 18.41 | 18.95 | 21.77 | 24.11 | 24.17 | 31.41 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| -0.77 | -3.42 | 3.19 | -0.46 | 0.31 | 0.71 | 0.00 | -1.42 | 6.70 | |
| -0.12 | -4.46 | -2.50 | 0.61 | -0.36 | -0.30 | -0.74 | -0.37 | -2.30 | |
| 0.45 | 7.48 | -0.64 | -0.68 | 0.19 | -0.31 | 0.87 | 1.82 | -3.37 | |
| Net Cash Flow | -0.43 | -0.39 | 0.05 | -0.53 | 0.14 | 0.10 | 0.13 | 0.04 | 1.03 |
| Free Cash Flow | -0.90 | -5.00 | 2.61 | -0.41 | -0.13 | 0.55 | -0.07 | -1.83 | 4.43 |
| CFO/OP | -585% | -282% | 341% | -45% | 66% | 112% | 19% | -58% | 169% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 668.08 | 44.56 | 83.79 | 141.22 | 69.43 | 112.91 | 87.25 | 69.77 | 33.28 |
| Inventory Days | 2,850.22 | 103.25 | 66.04 | 202.32 | 233.49 | 317.96 | 158.99 | 112.34 | 28.55 |
| Days Payable | 118.09 | 3.96 | 27.82 | 160.04 | 21.14 | 34.88 | 20.33 | 4.45 | 1.08 |
| Cash Conversion Cycle | 3,400.21 | 143.84 | 122.01 | 183.50 | 281.79 | 395.99 | 225.91 | 177.67 | 60.75 |
| Working Capital Days | 971.16 | 119.56 | 88.67 | 187.49 | 178.93 | 267.19 | 161.73 | 134.69 | 51.84 |
| ROCE % | 7.02% | 5.62% | 4.59% | 4.09% | 4.18% | 8.85% | 7.72% | 16.81% |
Insights
In beta| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Number of Permanent Employees Numbers |
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| Debtors Turnover Ratio Times |
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| Installed Capacity - Wires & Cables Meters per year |
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| Manufacturing Facility Storage/Godown Area Sq. Mtr. |
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| Manufacturing Facility Land Area - Gondal Sq. Mtr. |
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Extracted by Screener AI
Documents
Announcements
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Board Meeting Intimation for Consideration And Approval Of Audited Financial Results (Stanalone And Consolidated) For The Half Year And Financial Year Ended On March 31, 2026.
11 May - Board meeting on May 21, 2026 to approve audited H1 and FY2026 financial results; trading window closed from April 1.
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
10 Apr - Jigar Cables says large corporate disclosure under SEBI debt norms is not applicable.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
6 Apr - Certificate under Regulation 74 (5) of SEBI (DP) Regulations, 2018 for the quarter ended on March 31, 2026.
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Announcement Under Regulation 30 Of SEBI LODR - Update On Commencement Of Commercial Prodution.
30 Mar - Commercial production of conductors began March 30, 2026; full-scale MVCC/HT production expected in 2–3 months.
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Closure of Trading Window
23 Mar - Trading window closed from April 1, 2026; reopens 48 hours after audited results for quarter/year ending March 31, 2026.
Business Overview:[1][2]
JCL is an ISO-9001:2015 certified manufacturer of SIGMA brand electric wires & cables in India. It also manufactures and trades PVC.