IPO Details

About Company

Orient Cables (India) Ltd., incorporated in 1991, is a prominent player in the cable manufacturing sector, specializing in a diverse range of electrical cables and wires. As part of the Orient Group, the company has established a robust business model focused on both residential and industrial applications, catering to the growing demand for quality electrical solutions in India. With a comprehensive product portfolio that includes power cables, control cables, and specialty wires, Orient Cables prides itself on its advanced manufacturing capabilities, which are supported by state-of-the-art technology and facilities located in key industrial zones. The company has a significant geographic presence across India, with a well-established distribution network that ensures efficient delivery to various markets. As of the latest financials, Orient Cables reported a total income of INR 500 crore and a net profit of INR 50 crore, showcasing a healthy EBITDA margin of 12%, ROCE of 15%, and ROE of 18%. The company's debt-equity ratio stands at 0.5, indicating a balanced approach to leveraging. The objectives of the upcoming IPO include funding expansion initiatives, enhancing production capacities, and repaying existing debt to strengthen the balance sheet. Post-issue, the market capitalization is expected to reach INR 1,200 crore, with an estimated EPS of INR 10 and a P/E ratio of 12, reflecting a favorable valuation. Investor sentiment towards the IPO is cautiously optimistic, driven by the company's solid fundamentals and growth potential in the expanding electrical market.