Jigar Cables Ltd

JIGAR

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Market Cap

₹ 59 Cr

P/E

32.18

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Performance

MARKET LEADER

Valuation

OVERVALUED

Growth

STABLE

Profitability

LOW MARGIN

Technicals

Neutral

Risk

MODERATE RISK

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Price

PE Ratio

Price

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Overview

Detailed Summary

Jigar Cables Limited, established from its predecessor entities since 1997, specializes in the manufacturing of various types of electrical wires and cables in India.

The company produces power and control cables, house and building wires, and aerial bunched cables, marketed under the brand name 'SIGMA'.

Jigar Cables sources its primary raw materials, such as copper and aluminum coils, from Ultracab (India) Limited, while other materials are domestically sourced for quality assurance.

A notable product, the Aerial Bunched Cable (ABC), offers enhanced safety, reliability, and economic benefits over traditional overhead systems.

An ISO-9001:2015 certified company, Jigar Cables manufactures cables per both national and international standards, ensuring high quality and customer specification adherence.

Sector

Cables

Industry

Cables - Power - Medium / Small

Market Cap

59 Cr

Volatility

Low Risk

P/E Ratio

32.2

Industry P/E

26.5

PEG Ratio

0.4

P/B Ratio

2.1

52W High

84.50

52W Low

49.64

Sales CAGR

146.51%

110.04%

53.46%

10Y

—

Profit CAGR

75.00%

75.07%

53.65%

10Y

—

ROE

TTM

5.21%

6.84%

5.33%

10Y

—

ROCE

TTM

9.89%

12.93%

10.14%

10Y

—

Technicals

‌

Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
ULTRACAB	8.96	110 Cr	13.16	1.22	0.00	9.18	13.07	5.88
MARCO	41.30	77 Cr	14.86	2.40	0.00	15.56	16.69	5.71
JIGAR	65.00	59 Cr	32.18	2.06	0.00	5.21	9.89	4.74
RELICAB	42.52	43 Cr	29.99	2.98	0.00	9.96	17.62	3.06
CYBELEIND	30.18	32 Cr	3.22	1.42	0.00	18.37	13.91	11.23
CMICABLES	5.47	9 Cr	—	0.00	0.00	7.53	-4.31	-6.89
SGNTE	0.76	6 Cr	—	39.41	0.00	-129.29	-6.27	-6.13

Financial Statements

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Consolidated Half Yearly Results (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025
Sales	7.64	6.20	6.45	12	16	16	26	62	43	26
Expenses	7.09	5.73	5.85	12	15	16	25	59	41	25
Interest	0.10	0.22	0.21	0.23	0.17	0.20	0.14	0.90	0.63	0.19
Operating Profit	0.55	0.47	0.60	0.79	1.32	0.88	1.09	2.26	2.19	1.42
OPM %	7.20	7.58	9.30	6.33	8.27	5.36	4.16	3.66	5.05	5.41
Other Income	0.13	0.22	0.10	0.07	0.06	0.02	0.20	0.01	0.10	0.06
Depreciation	0.28	0.26	0.26	0.22	0.23	0.20	0.20	0.18	0.38	0.52
Profit Before Tax	0.30	0.21	0.22	0.40	0.99	0.49	0.96	1.20	1.29	0.77
Tax %	33.33	19.05	22.73	20.00	29.29	26.53	29.17	25.00	27.91	23.38
Net Profit	0.20	0.17	0.17	0.33	0.70	0.36	0.68	0.89	0.93	0.59
EPS in Rs	—	—	—	—	—	—	—	—	—	—

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	20	22	14	14	12	28	43	105
Expenses	18	20	13	14	11	26	41	101
Operating Profit	2.04	1.40	1.14	0.73	1.06	2.12	1.98	4.45
OPM %	9.97	6.49	8.34	5.09	8.84	7.44	4.64	4.24
Other Income	0.10	0.46	0.44	0.73	0.30	0.13	0.22	0.11
Interest	0.56	0.50	0.51	0.35	0.41	0.40	0.35	1.52
Depreciation	0.54	0.73	0.63	0.56	0.53	0.45	0.40	0.56
Profit Before Tax	0.48	0.66	0.45	0.55	0.42	1.39	1.45	2.49
Tax %	16.61	27.72	45.93	23.21	20.26	26.37	28.09	26.70
Net Profit	0.40	0.48	0.25	0.42	0.34	1.03	1.04	1.82
EPS in Rs	—	—	—	—	—	—	—	—
Dividend Payout %	0.00	29.41	0.00	0.00	0.00	0.00	0.00	0.00

Consolidated Balance Sheet (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	7.03	7.03	7.03	7.03	7.03	7.03	7.03	7.03
Reserves	6.29	6.60	6.84	7.26	7.60	8.63	12	14
Borrowings	4.01	3.65	3.53	4.06	4.41	5.64	4.89	2.82
Other Liabilities	0.94	9.37	5.60	1.74	1.29	2.01	1.29	1.33
Total Liabilities	18	27	23	20	20	23	25	25
Fixed Assets	3.77	4.79	4.12	4.06	3.68	3.31	3.13	5.09
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	15	22	19	16	17	20	22	20
Total Assets	18	27	23	20	20	23	25	25

Consolidated Cash Flows (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	-2.78	3.25	-0.29	0.12	0.57	-0.06	-0.96	6.91
Cash from Investing Activity	-5.82	-2.68	0.64	-0.09	0.23	-0.63	-0.41	-2.33
Cash from Financing Activity	8.29	-0.53	-0.92	0.20	-0.79	0.84	1.40	-3.55
Net Cash Flow	-0.31	0.04	-0.57	0.23	0.02	0.15	0.04	1.03

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Mar 2020	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025
Promoters	50.21%	50.80%	44.48%	44.48%	44.48%	44.48%	44.48%	44.48%	44.48%	44.48%	44.48%	42.48%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	49.79%	49.20%	55.52%	55.52%	55.52%	55.52%	55.52%	55.52%	55.52%	55.52%	55.52%	57.52%
Total Shareholders	194	191	184	176	173	171	170	187	166	168	177	179

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Sep 06, 2025	Ramnik vaghasiya revised	Insider - Promoter Group	Acquisition	50.35	3.52 Cr	7,00,000	9.95
Sep 03, 2025	Mr. pankaj vasantbhai shingala	Insider - Connected Person	Acquisition	0.00	0.00 Cr	6,00,000	8.53
Sep 03, 2025	Sangita vaghasiya	Insider - Director	Acquisition	0.00	0.00 Cr	5,00,000	7.11
Sep 03, 2025	Ramnik vaghasiya	Insider - Promoter	Acquisition	0.00	0.00 Cr	7,00,000	9.95
Dec 07, 2023	Dhirubhai dharamshibhai basida	Bulk	Sell	41.57	0.18 Cr	44,000	0.62

Projection

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Announcements

Last 7 days

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Documents

Presentations

Concalls

Reports

Presentations

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Financial Statements

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Consolidated Half Yearly Results (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025
Sales	7.64	6.20	6.45	12	16	16	26	62	43	26
Expenses	7.09	5.73	5.85	12	15	16	25	59	41	25
Interest	0.10	0.22	0.21	0.23	0.17	0.20	0.14	0.90	0.63	0.19
Operating Profit	0.55	0.47	0.60	0.79	1.32	0.88	1.09	2.26	2.19	1.42
OPM %	7.20	7.58	9.30	6.33	8.27	5.36	4.16	3.66	5.05	5.41
Other Income	0.13	0.22	0.10	0.07	0.06	0.02	0.20	0.01	0.10	0.06
Depreciation	0.28	0.26	0.26	0.22	0.23	0.20	0.20	0.18	0.38	0.52
Profit Before Tax	0.30	0.21	0.22	0.40	0.99	0.49	0.96	1.20	1.29	0.77
Tax %	33.33	19.05	22.73	20.00	29.29	26.53	29.17	25.00	27.91	23.38
Net Profit	0.20	0.17	0.17	0.33	0.70	0.36	0.68	0.89	0.93	0.59
EPS in Rs	—	—	—	—	—	—	—	—	—	—

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	20	22	14	14	12	28	43	105
Expenses	18	20	13	14	11	26	41	101
Operating Profit	2.04	1.40	1.14	0.73	1.06	2.12	1.98	4.45
OPM %	9.97	6.49	8.34	5.09	8.84	7.44	4.64	4.24
Other Income	0.10	0.46	0.44	0.73	0.30	0.13	0.22	0.11
Interest	0.56	0.50	0.51	0.35	0.41	0.40	0.35	1.52
Depreciation	0.54	0.73	0.63	0.56	0.53	0.45	0.40	0.56
Profit Before Tax	0.48	0.66	0.45	0.55	0.42	1.39	1.45	2.49
Tax %	16.61	27.72	45.93	23.21	20.26	26.37	28.09	26.70
Net Profit	0.40	0.48	0.25	0.42	0.34	1.03	1.04	1.82
EPS in Rs	—	—	—	—	—	—	—	—
Dividend Payout %	0.00	29.41	0.00	0.00	0.00	0.00	0.00	0.00

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	7.03	7.03	7.03	7.03	7.03	7.03	7.03	7.03
Reserves	6.29	6.60	6.84	7.26	7.60	8.63	12	14
Borrowings	4.01	3.65	3.53	4.06	4.41	5.64	4.89	2.82
Other Liabilities	0.94	9.37	5.60	1.74	1.29	2.01	1.29	1.33
Total Liabilities	18	27	23	20	20	23	25	25
Fixed Assets	3.77	4.79	4.12	4.06	3.68	3.31	3.13	5.09
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	15	22	19	16	17	20	22	20
Total Assets	18	27	23	20	20	23	25	25

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	-2.78	3.25	-0.29	0.12	0.57	-0.06	-0.96	6.91
Cash from Investing Activity	-5.82	-2.68	0.64	-0.09	0.23	-0.63	-0.41	-2.33
Cash from Financing Activity	8.29	-0.53	-0.92	0.20	-0.79	0.84	1.40	-3.55
Net Cash Flow	-0.31	0.04	-0.57	0.23	0.02	0.15	0.04	1.03

Overview

Detailed Summary

Jigar Cables Limited, established from its predecessor entities since 1997, specializes in the manufacturing of various types of electrical wires and cables in India.

The company produces power and control cables, house and building wires, and aerial bunched cables, marketed under the brand name 'SIGMA'.

Jigar Cables sources its primary raw materials, such as copper and aluminum coils, from Ultracab (India) Limited, while other materials are domestically sourced for quality assurance.

A notable product, the Aerial Bunched Cable (ABC), offers enhanced safety, reliability, and economic benefits over traditional overhead systems.

An ISO-9001:2015 certified company, Jigar Cables manufactures cables per both national and international standards, ensuring high quality and customer specification adherence.

Sector

Cables

Industry

Cables - Power - Medium / Small

Market Cap

59 Cr

Volatility

Low Risk

P/E Ratio

32.2

Industry P/E

26.5

PEG Ratio

0.4

P/B Ratio

2.1

52W High

84.50

52W Low

49.64

Sales CAGR

146.51%

110.04%

53.46%

10Y

—

Profit CAGR

75.00%

75.07%

53.65%

10Y

—

ROE

TTM

5.21%

6.84%

5.33%

10Y

—

ROCE

TTM

9.89%

12.93%

10.14%

10Y

—

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
ULTRACAB	8.96	110 Cr	13.16	1.22	0.00	9.18	13.07	5.88
MARCO	41.30	77 Cr	14.86	2.40	0.00	15.56	16.69	5.71
JIGAR	65.00	59 Cr	32.18	2.06	0.00	5.21	9.89	4.74
RELICAB	42.52	43 Cr	29.99	2.98	0.00	9.96	17.62	3.06
CYBELEIND	30.18	32 Cr	3.22	1.42	0.00	18.37	13.91	11.23
CMICABLES	5.47	9 Cr	—	0.00	0.00	7.53	-4.31	-6.89
SGNTE	0.76	6 Cr	—	39.41	0.00	-129.29	-6.27	-6.13

Jigar Cables Ltd

Jigar Cables Ltd

JIGAR

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Overview

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Consolidated Half Yearly Results (in ₹ Crores)

Consolidated Profit Loss (in ₹ Crores)

Consolidated Balance Sheet (in ₹ Crores)

Consolidated Cash Flows (in ₹ Crores)

Shareholdings

Shareholding History

Market Transactions

Projection

Actions

Announcements

Documents

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Technicals

Shareholdings

Shareholding History

Market Transactions

Projection

Oscillators

Neutral

Overall

Neutral

Moving Averages

Neutral

Overall

Neutral

Documents

Financial Statements

AI Powered Summary

AI Mode

Consolidated Half Yearly Results (in ₹ Crores)

Consolidated Profit Loss (in ₹ Crores)

Consolidated Balance Sheet (in ₹ Crores)

Consolidated Cash Flows (in ₹ Crores)

Forecasts

Overview

Sector

Industry

Market Cap

Volatility

P/E Ratio

Industry P/E

PEG Ratio

P/B Ratio

52W High

52W Low

Investment Checklist

Jigar Cables Ltd

JIGAR

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