Quadrant Future Tek Ltd
Incorporated in 2015, Quadrant Future-
Tek Ltd manufactures specialty cables
and develops train control & signalling
systems[1]
- Market Cap ₹ 1,241 Cr.
- Current Price ₹ 310
- High / Low ₹ 531 / 249
- Stock P/E
- Book Value ₹ 67.5
- Dividend Yield 0.00 %
- ROCE -7.01 %
- ROE -11.4 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Stock is trading at 4.60 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of 2.50% over last 3 years.
- Debtor days have increased from 88.9 to 134 days.
- Company's cost of borrowing seems high
- Working capital days have increased from 57.6 days to 134 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 | TTM | |
|---|---|---|---|---|---|---|
| 73 | 104 | 153 | 151 | 150 | 155 | |
| 62 | 95 | 126 | 115 | 149 | 187 | |
| Operating Profit | 11 | 9 | 26 | 37 | 1 | -32 |
| OPM % | 15% | 9% | 17% | 24% | 1% | -21% |
| 0 | 0 | 0 | 0 | 2 | 8 | |
| Interest | 2 | 3 | 3 | 4 | 8 | 5 |
| Depreciation | 3 | 3 | 4 | 12 | 21 | 19 |
| Profit before tax | 6 | 3 | 20 | 21 | -26 | -49 |
| Tax % | 18% | 34% | 30% | 44% | -25% | |
| 5 | 2 | 14 | 12 | -20 | -43 | |
| EPS in Rs | 4.81 | 1.94 | 13.90 | 11.62 | -4.92 | -10.63 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 13% |
| TTM: | 8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -102% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -38% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 5% |
| 3 Years: | 3% |
| Last Year: | -11% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 | 40 | 40 |
| Reserves | 4 | 6 | 19 | 37 | 258 | 230 |
| 41 | 81 | 74 | 82 | 85 | 25 | |
| 4 | 16 | 15 | 18 | 18 | 35 | |
| Total Liabilities | 59 | 113 | 119 | 146 | 402 | 330 |
| 18 | 20 | 21 | 83 | 72 | 69 | |
| CWIP | 6 | 33 | 48 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 34 | 60 | 49 | 63 | 329 | 262 | |
| Total Assets | 59 | 113 | 119 | 146 | 402 | 330 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 6 | -5 | 30 | 22 | -72 | |
| -8 | -32 | -20 | -25 | -5 | |
| 3 | 36 | -10 | 3 | 263 | |
| Net Cash Flow | -0 | 0 | 0 | 0 | 186 |
| Free Cash Flow | -3 | -36 | 10 | -3 | -79 |
| CFO/OP | 74% | -42% | 119% | 81% | -7,382% |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 85 | 94 | 56 | 77 | 134 |
| Inventory Days | 118 | 113 | 63 | 87 | 167 |
| Days Payable | 9 | 64 | 22 | 28 | 39 |
| Cash Conversion Cycle | 193 | 143 | 97 | 135 | 261 |
| Working Capital Days | 33 | 63 | 17 | 22 | 134 |
| ROCE % | 8% | 23% | 22% | -7% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Sep 2025 | Dec 2026 (P) | |
|---|---|---|---|---|---|
| Installed Capacity - Specialty Cables MTPA |
|
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| Actual Production Volume - Specialty Cables MT |
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| Capacity Utilization - Specialty Cables % |
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| Tenders Awarded - Specialty Cable Division Number |
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| Order Book - Train Control and Signaling (KAVACH) INR Mn |
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| Estimated Annual Capacity - Locomotive TCAS units Units |
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| Estimated Annual Capacity - Station TCAS units Units |
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| Order Book - Specialty Cables INR Mn |
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| R&D Team Size Engineers |
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| Total Order Book INR Mn |
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Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
15 Apr - Received ₹20.19 crore PLW order for KAVACH equipment; final tranche due by March 15, 2027.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Apr - Submitted Regulation 74(5) compliance certificate for quarter ended March 31, 2026.
-
Announcement under Regulation 30 (LODR)-Change in Management
1 Apr - Resignation of Suresh Kumar Bopparaju, Advisor - Train Control System, effective March 31, 2026, due to personal reasons.
- Closure of Trading Window 27 Mar
-
Press Release Regarding Approval Process W.R.T. KAVACH System (Ver 4.0)
12 Mar - Entered final KAVACH 4.0 field trials; RDSO certification pending; order book Rs.8978.76 million.
Concalls
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Feb 2026TranscriptAI SummaryPPT
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Nov 2025TranscriptAI SummaryPPT
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Aug 2025TranscriptPPT
Business Overview:[1][2]
QFT is a technology & research-oriented company certified under ISO 14001:2015, ISO 9001:2015, IRIS, and TS Quality Management Systems. It develops next-generation Train Control and Signalling Systems under the KAVACH project for Indian Railways and operates a specialty cable manufacturing facility with an Electron Beam Irradiation Centre. The cables are used in railway rolling stock and the naval (defense) industry. QFT also has full infrastructure for producing solar and EV cables, along with a facility for manufacturing and testing specialty cables and hardware for the Train Control and Signalling Division.