Jigar Cables Ltd
Incorporated in 2017, Jigar Cables Ltd manufactures Electric wires, cables, and
PVC.[1]
- Market Cap ₹ 60.4 Cr.
- Current Price ₹ 67.0
- High / Low ₹ 76.9 / 49.6
- Stock P/E 34.5
- Book Value ₹ 33.1
- Dividend Yield 0.00 %
- ROCE 8.46 %
- ROE 6.93 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 41.0 to 20.1 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 7.25% over last 3 years.
- Company might be capitalizing the interest cost
* 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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.12 | 19.66 | 20.17 | 12.07 | 13.30 | 11.12 | 27.15 | 41.38 | 102.87 | 56.66 | |
| 0.99 | 18.47 | 19.23 | 11.38 | 12.66 | 10.37 | 25.26 | 39.63 | 98.65 | 53.48 | |
| Operating Profit | 0.13 | 1.19 | 0.94 | 0.69 | 0.64 | 0.75 | 1.89 | 1.75 | 4.22 | 3.18 |
| OPM % | 11.61% | 6.05% | 4.66% | 5.72% | 4.81% | 6.74% | 6.96% | 4.23% | 4.10% | 5.61% |
| 0.02 | 0.14 | 0.50 | 0.51 | 0.45 | 0.36 | 0.13 | 0.21 | 0.12 | 0.21 | |
| Interest | 0.12 | 0.53 | 0.40 | 0.37 | 0.22 | 0.32 | 0.35 | 0.26 | 1.50 | 0.42 |
| Depreciation | 0.03 | 0.39 | 0.49 | 0.43 | 0.39 | 0.37 | 0.32 | 0.29 | 0.46 | 0.65 |
| Profit before tax | 0.00 | 0.41 | 0.55 | 0.40 | 0.48 | 0.42 | 1.35 | 1.41 | 2.38 | 2.32 |
| Tax % | 14.63% | 25.45% | 47.50% | 25.00% | 21.43% | 25.93% | 28.37% | 26.89% | 25.00% | |
| 0.03 | 0.35 | 0.41 | 0.20 | 0.36 | 0.33 | 0.99 | 1.01 | 1.75 | 1.75 | |
| EPS in Rs | 0.07 | 0.50 | 0.58 | 0.28 | 0.51 | 0.47 | 1.41 | 1.44 | 2.49 | 1.94 |
| Dividend Payout % | 0.00% | 0.00% | 34.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 34% |
| 3 Years: | 28% |
| TTM: | -45% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 37% |
| 3 Years: | 22% |
| TTM: | 0% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 15% |
| 1 Year: | 22% |
| Return on Equity | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 6% |
| 3 Years: | 7% |
| Last Year: | 7% |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 20.86 |
| 5.07 | 3.41 | 2.89 | 2.98 | 3.48 | 3.49 | 4.68 | 4.28 | 2.34 | 11.92 | |
| 0.43 | 0.36 | 2.07 | 4.46 | 0.86 | 1.06 | 1.70 | 0.94 | 1.18 | 3.31 | |
| Total Liabilities | 10.83 | 17.04 | 18.47 | 21.15 | 18.41 | 18.95 | 21.77 | 24.11 | 24.17 | 45.10 |
| 1.11 | 2.55 | 2.63 | 2.16 | 2.20 | 1.98 | 1.74 | 1.65 | 3.69 | 3.35 | |
| CWIP | 0.26 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 14.43 |
| 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 | 26.27 | |
| Total Assets | 10.83 | 17.04 | 18.47 | 21.15 | 18.41 | 18.95 | 21.77 | 24.11 | 24.17 | 45.10 |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.77 | -3.42 | 3.19 | -0.46 | 0.31 | 0.71 | 0.00 | -1.42 | 6.70 | -2.00 | |
| -0.12 | -4.46 | -2.50 | 0.61 | -0.36 | -0.30 | -0.74 | -0.37 | -2.30 | -14.73 | |
| 0.45 | 7.48 | -0.64 | -0.68 | 0.19 | -0.31 | 0.87 | 1.82 | -3.37 | 16.60 | |
| Net Cash Flow | -0.43 | -0.39 | 0.05 | -0.53 | 0.14 | 0.10 | 0.13 | 0.04 | 1.03 | -0.13 |
| Free Cash Flow | -0.90 | -5.00 | 2.61 | -0.41 | -0.13 | 0.55 | -0.07 | -1.83 | 4.43 | -16.74 |
| CFO/OP | -585% | -282% | 341% | -45% | 66% | 112% | 19% | -58% | 169% | -47% |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 668.08 | 44.56 | 83.79 | 141.22 | 69.43 | 112.91 | 87.25 | 69.77 | 33.28 | 20.10 |
| Inventory Days | 2,850.22 | 103.25 | 66.04 | 202.32 | 233.49 | 317.96 | 158.99 | 112.34 | 28.55 | 119.20 |
| Days Payable | 118.09 | 3.96 | 27.82 | 160.04 | 21.14 | 34.88 | 20.33 | 4.45 | 1.08 | 15.62 |
| Cash Conversion Cycle | 3,400.21 | 143.84 | 122.01 | 183.50 | 281.79 | 395.99 | 225.91 | 177.67 | 60.75 | 123.68 |
| Working Capital Days | 971.16 | 119.56 | 88.67 | 187.49 | 178.93 | 267.19 | 161.73 | 134.69 | 51.84 | 98.56 |
| ROCE % | 7.02% | 5.62% | 4.59% | 4.09% | 4.18% | 8.85% | 7.72% | 16.81% | 8.46% |
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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Announcement Under Regulation 30 Of SEBI LODR - Update On Commencement Of Commercial Production At New Manufacturing Facility
23 May - Commercial production began May 23, 2026 at new MVCC, HT cables and PCC facility; capacity 500-1000 KM monthly.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
23 May - Jigar Cables says Annual Secretarial Compliance Report not applicable for FY ended March 31, 2026.
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Intimation Under Regulation 30 - Expansion/Diversification Of Business Activities By Wholly Owned Subsidiary
21 May - On May 21, 2026, WOS Jigar Polymers approved expansion into wooden plywood cable drums.
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Announcement Under Regulation 30 (LODR) - Re-Appointment Of Cost Auditor For The Financial Year 2026-27.
21 May - Board approved audited standalone and consolidated FY2026 results and reappointed secretarial, internal, tax, and cost auditors for FY2026-27.
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Announcement Under Regulation 30 (LODR)- Re-Appointment Of Internal Auditor For The Financial Year 2026-27.
21 May - Board approved audited standalone and consolidated results for half year and FY ended March 31, 2026, plus auditor reappointments.
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.