Jainik Power Cables Ltd
₹ 176
1.65%
30 Oct
- close price
About
Incorporated in May 2011, Jainik Power and Cables Limited manufactures and sells Aluminium Rods.[1]
Key Points
- Market Cap ₹ 252 Cr.
- Current Price ₹ 176
- High / Low ₹ 221 / 102
- Stock P/E 18.0
- Book Value ₹ 59.3
- Dividend Yield 0.00 %
- ROCE 29.9 %
- ROE 25.6 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 181% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 36.9%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 31.7 to 53.4 days.
* 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.
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Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 61 | 64 | 67 | 339 | 351 | 393 | |
| 59 | 63 | 66 | 330 | 337 | 374 | |
| Operating Profit | 2 | 1 | 1 | 8 | 14 | 20 |
| OPM % | 2.7% | 2.0% | 2.0% | 2.4% | 4.0% | 5.0% |
| 0 | 0 | 0 | 1 | 1 | 2 | |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 1 |
| Profit before tax | 0 | 0 | 0 | 7 | 12 | 19 |
| Tax % | 20% | 22% | 26% | 26% | 25% | 26% |
| 0 | 0 | 0 | 5 | 9 | 14 | |
| EPS in Rs | 0.10 | 0.07 | 0.18 | 6.05 | 9.54 | 9.77 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 45% |
| 3 Years: | 80% |
| TTM: | 12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 181% |
| 3 Years: | 364% |
| TTM: | 52% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 27% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 35% |
| 3 Years: | 37% |
| Last Year: | 26% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.57 | 0.57 | 0.57 | 0.57 | 10 | 14 |
| Reserves | 2 | 2 | 2 | 7 | 15 | 71 |
| 14 | 15 | 17 | 17 | 19 | 6 | |
| 3 | 10 | 17 | 11 | 27 | 25 | |
| Total Liabilities | 20 | 28 | 37 | 36 | 71 | 116 |
| 1 | 1 | 1 | 7 | 7 | 7 | |
| CWIP | -0 | -0 | 5 | -0 | -0 | 10 |
| Investments | 0 | 1 | 0 | 0 | -0 | -0 |
| 19 | 26 | 31 | 28 | 64 | 99 | |
| Total Assets | 20 | 28 | 37 | 36 | 71 | 116 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 0 | 3 | 7 | -5 | -23 | ||
| 0 | -4 | -3 | -1 | -8 | ||
| -1 | 1 | -1 | 8 | 32 | ||
| Net Cash Flow | -1 | 0 | 3 | 2 | 0 | |
| Free Cash Flow | -0 | -1 | 4 | -6 | -35 | |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 9% | 257% | 97% | -21% | -92% |
Ratios
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 94 | 119 | 103 | 10 | 32 | 53 |
| Inventory Days | 12 | 13 | 50 | 15 | 24 | 31 |
| Days Payable | 19 | 59 | 92 | 10 | 27 | 22 |
| Cash Conversion Cycle | 88 | 73 | 61 | 15 | 29 | 62 |
| Working Capital Days | 30 | 23 | 15 | 4 | 12 | 59 |
| ROCE % | 7% | 7% | 35% | 40% | 30% |
Insights
In beta| Mar 2024 | Mar 2025 | Oct 2026 | |
|---|---|---|---|
| Aluminum Rod Actual Production tons |
|
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| Capacity Utilization (Aluminum Rod) % |
|||
| Installed Capacity (Aluminum Rod) tons per month |
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Documents
Announcements
-
Press Release
- Jainik commissioned a 400 kW solar plant at Sonipat facility in October 2026.
-
Press Release
- Jainik Power Cables invests in 54-wire stranding machine, adding ₹250 crore annual revenue potential and scaling to ₹1,000 crore.
-
Press Release
- Jainik Power Cables secures Haryana Government rate contracts worth over ₹25 crore for conductors and cables.
-
Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
- Submitted non-applicability certificate for corporate governance for quarter ended 30 September 2026.
-
Credit Rating- New
- CARE assigned Jainik Power Cables BBB; Stable/A3+ rating for ₹25 crore bank facilities on October 9, 2026.
Product Portfolio[1]
a) Main Product: 9.5 mm Aluminium Wire Rods
Used for ACSR conductors, cable wires, and electric wires.
b) By-products: Aluminium Ash, Aluminium Dross
c) Earlier traded items: Aluminium Throb, Aluminium Wire Ingot, Exim Scripts, etc.