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[Dilip Davda] PCIL is engaged in the manufacturing and marketing of cables and wires under its own brand names i.e., “PRIMECAB” and “RENUFO”. The company marked growth in its top and bottom lines, but quantum jump in its bottom line in a pre-IPO year appears to be a window dressing to fetch fancy valuations. It is operating in a highly competitive and fragmented segment. Small paid-up capital post-IPO indicates longer gestation period. Only well-informed/cash surplus/risk seekers may park moderate funds for medium term. Read detail review...
Prime Cable Industries Ltd. peer comparison with similar listed entities. (As on March 31, 2025)
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Prime Cables Industries | 5.46 | 5.46 | 10.63 | 69.16 | Restated | ||
| V- Marc India | 14.78 | 14.78 | 77.58 | 29.97 | 24.39 | 5.75 | |
| Dynamic Cables | 13.65 | 13.65 | 154.31 | 31.11 | 22.05 | 2.75 | |
| Ultracab (India) | 0.99 | 0.99 | 7.10 | 9.73 | 15.53 | 1.29 |
Notes:
1. The figures for our company are based on Restated Financial Statements for the year ended March 31, 2025.
2. The figures for the Peer Group are based on / computed based on the Financial Information present in the Annual report/Financial Results for the year ended March 31, 2025
3. Current Market Price (CMP) is the closing price as on September 8, 2025 and is sourced from www.bseindia.com/www.nseindia.com. For our company, CMP = Offer Price.
4. P/E Ratio has been computed based on the CMP as divided by the Basic EPS as on March 31, 2025 which is the last audited annual statements available.
5. RoNW has been computed by dividing restated net profit after tax with the average restated Net worth of beginning and the end of the year / period.
6. The Offer Price determined by our Company in consultation with the BRLM is justified by our Company in consultation with the BRLM on the basis of the above parameters.
7. The face value of our equity shares is ₹5 per share and the Offer Price is of ₹ [●] per share is [●] times of the face value.
8. Listed peers are as identified by us on the basis of similar industry / sector as our Company, however the peers may not be comparable with size of our Company. Few of the products as well as the product split will vary peer to peer.
9. The EPS for Dynamic cables has been calculated giving impact to the Bonus issue of 1:1 done by the Company in May 2025
Prime Cable Industries IPO Reviews, analysis and views by popular members. Read Prime Cable Industries Ltd. IPO reviews by retail investors to find recommended ipo to buy.
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