Quadrant Future Tek Ltd
Incorporated in 2015, Quadrant Future-
Tek Ltd manufactures specialty cables
and develops train control & signalling
systems[1]
- Market Cap ₹ 1,720 Cr.
- Current Price ₹ 430
- High / Low ₹ 568 / 249
- Stock P/E
- Book Value ₹ 60.3
- Dividend Yield 0.00 %
- ROCE -15.5 %
- ROE -15.4 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Stock is trading at 7.13 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of -10.4% over last 3 years.
- Company has high debtors of 160 days.
- Company's cost of borrowing seems high
- Working capital days have increased from 183 days to 392 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.
Peer comparison
Industrials Capital Goods Industrial Products Cables - Electricals
Part of BSE Industrials
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| 73 | 104 | 153 | 151 | 150 | 153 | 168 | |
| Sales growth | +43% | +47% | -1% | -1% | +2% | +13% | |
| 62 | 95 | 126 | 115 | 149 | 191 | 192 | |
| Operating Profit | 11 | 9 | 26 | 37 | 1 | -38 | -24 |
| OPM % | 15% | 9% | 17% | 24% | 0.6% | -25% | -14% |
| 0 | 0 | 0 | 0 | 2 | 5 | 1 | |
| Interest | 2 | 3 | 3 | 4 | 8 | 4 | 2 |
| Depreciation | 3 | 3 | 4 | 12 | 21 | 19 | 17 |
| Profit before tax | 6 | 3 | 20 | 21 | -26 | -56 | -42 |
| Tax % | 18% | 34% | 30% | 44% | -25% | -23% | |
| 5 | 2 | 14 | 12 | -20 | -43 | -30 | |
| EPS in Rs | 1.60 | 0.65 | 4.63 | 3.87 | -4.92 | -10.74 | -7.60 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 0% |
| TTM: | 13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 16% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 43% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -7% |
| 3 Years: | -10% |
| Last Year: | -15% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 | 40 | 40 | 40 |
| Reserves | 4 | 6 | 19 | 37 | 258 | 218 | 201 |
| 41 | 81 | 74 | 82 | 85 | 24 | 21 | |
| 4 | 16 | 15 | 18 | 18 | 39 | 36 | |
| Total Liabilities | 59 | 113 | 119 | 146 | 402 | 321 | 298 |
| 18 | 20 | 21 | 83 | 72 | 61 | 55 | |
| CWIP | 6 | 33 | 48 | 0 | 0 | 2 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 34 | 60 | 49 | 63 | 329 | 258 | 243 | |
| Total Assets | 59 | 113 | 119 | 146 | 402 | 321 | 298 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 6 | -5 | 30 | 22 | -72 | -86 | |
| -8 | -32 | -20 | -25 | -5 | -3 | |
| 3 | 36 | -10 | 3 | 263 | -65 | |
| Net Cash Flow | -0 | 0 | 0 | 0 | 186 | -154 |
| Free Cash Flow | -3 | -36 | 10 | -3 | -79 | -95 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 74% | -42% | 119% | 81% | -7,382% | 231% |
Ratios
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 85 | 94 | 56 | 77 | 134 | 160 |
| Inventory Days | 118 | 113 | 63 | 87 | 167 | 323 |
| Days Payable | 9 | 64 | 22 | 28 | 39 | 93 |
| Cash Conversion Cycle | 193 | 143 | 97 | 135 | 261 | 390 |
| Working Capital Days | 33 | 63 | 17 | 22 | 134 | 392 |
| ROCE % | 8% | 23% | 22% | -7% | -15% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Customer Concentration - Indian Railways Share (Wires & Cables) % of Revenue from Operations |
|
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| Specialty Cables - Installed Capacity MT per annum |
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| Specialty Cables - Capacity Utilization % |
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| Specialty Cables - Production Volume Metric Tonnes |
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| R&D / Engineering Team Headcount Number of Engineers |
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| Total Order Book INR Million |
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| KAVACH / TCAS Division Order Book INR Million |
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| Specialty Cables - Public Sector Revenue Share % |
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Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
- CARE report for Q2FY27 shows no deviation; ₹22.73 crore remains unutilized for Electronic Interlocking System.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- Intimation for newspaper publication of unaudited financial results for the Quarter and Half year ended September 30, 2026
-
Statement Of Deviation Or Variation For The Qtr Ended September 30, 2026
- No deviation in IPO proceeds utilization for quarter ended 30 September 2026; ₹2,900 million raised.
- Unaudited Financial Results For The Qtr And Half Year Ended September 30, 2026
-
Board Meeting Outcome for Outcome Of The Board Meeting Held On November 10, 2026
- Board approved Q2/H1 FY26 results; loss widened, citing KAVACH pre-commercial losses and Rs 8,054 million order book.
Concalls
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Aug 2026PPT
-
May 2026PPT
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Feb 2026PPT
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Nov 2025PPT
-
Aug 2025Transcript
Business Overview:[1][2]
Quadrant Future Tek operates across 2 core divisions: Specialty Cables and Train Control & Signalling. Specialty Cables manufactures electron-beam irradiated cables for railway rolling stock/signalling, naval defence, renewable energy and EV applications. Train Control & Signalling covers KAVACH, Electronic Interlocking (EI) and Multi Section Digital Axle Counter (MSDAC). The Annual Report also lists electrical connectors and wiring harnesses for rail vehicles, defence and automotive applications
a) Specialty Cables:[1][3][4]
The company manufactures cables using 2.5 MeV Electron Beam irradiation and in-house polymer formulations. The railway portfolio includes 300V, 750V, 1.8/3.0KV and 3.6/6.0KV irradiated cables. The defence portfolio includes EED-50-12 and EED-50-13 irradiated cables. Other applications include solar, EV and submarine cables. Rail cables hold RDSO approvals, naval cables DGQA approval, and solar cables BIS approval. Q1FY27 customer mix: Public Sector 72%, Private Sector 28%. Specialty Cable order book: 407 Mn. FY26 segment revenue: 1,530 Mn.