Relicab Cable Manufacturing has received an order valued at Rs 95.33 lakh from one of the world's leading cable manufacturing companies operating in India. The scope covers supply of copper conductors, with delivery scheduled on or before September 30, 2026.

ORDER DETAILS

The order was disclosed to the exchange on September 18, 2026. The awarding entity is classified as domestic. The transaction is not a related-party transaction, and promoter interest has not been indicated. The order value is inclusive of tax.

ORDER IN FINANCIAL CONTEXT

The Rs 95.33 lakh order is a firm contract. Given the limited recent revenue data available in the trailing twelve months, this order represents an addition to the current execution pipeline. The company has now received orders from both domestic and international awarding entities across the last three fiscal quarters.

COMPANY ORDER TRACK RECORD

The table below reflects pre-computed quarterly order inflow data. The Q2FY27 figures below reflect orders disclosed prior to the current filing; the new Rs 95.33 lakh order from the global cable manufacturer is captured separately in the order history table.

ORDER HISTORY

EXECUTION AND REVENUE QUALITY

The trailing twelve-month consolidated P&L reports revenue and net profit at Rs 0.0 Cr, which may reflect a reporting lag or specific accounting treatment in the source data. Consequently, OPM is also reported at 0.0%. Upcoming quarterly filings will provide data to assess how these orders translate into recognised revenue and margin quality.

REVENUE GROWTH - ORDER WINS TRANSLATING TO REVENUE

Relicab Cable Manufacturing's annual standalone revenue has grown at varying rates, from +18.2% YoY in FY21 to +5.8% in FY25. This historical growth trajectory indicates that past order inflows have translated into top-line expansion over the five-year period ending FY25.

WORKING CAPITAL AND EXECUTION CAPACITY

Balance sheet and cashflow details are not available in the provided input to assess liquidity or working capital cycles. As a microcap entity, the ability to fund working capital for the existing backlog should be monitored through subsequent quarterly financial disclosures.

WHAT TO WATCH

• Execution rate: Watch for conversion of the Rs 95.33 lakh, Rs 2.6 crore, and Rs 2.26 crore orders into revenue within their respective delivery windows.
• Product mix: The new order covers copper conductors, consistent with prior major orders; monitor margin implications across product types.
• Client diversity: The company has now received orders from both domestic and international entities, including multiple global energy and cable sector firms.
• Working capital: Track operating cashflow in upcoming filings to ensure execution capacity matches order inflow.

KEY OBSERVATIONS

• Valuation check (as of 18 Sep 2026): P/E of 20.3x against ROCE of 23.06%. P/E is price-derived and will change; ROCE is from audited financials.
• Order consistency: The company has secured six significant orders across the last three fiscal quarters, from both domestic and international awarding entities.
• Entity diversity: Orders have been received from international importers, global energy technology companies, and domestic clients, indicating a varied customer base.

Relicab Cable Manufacturing has scheduled its 17th Annual General Meeting for September 30, 2026, to approve financial results showing a 61% surge in operating revenue for FY26. The Board of Directors has not recommended any dividend for the fiscal year ended March 31, 2026.

The meeting will be held at 12:00 pm through video conferencing or other audio-visual means (VC/OAVM). The company fixed September 23, 2026 as the record date for determining shareholder eligibility.

Financial Performance Highlights

FY25-26 marked a year of significant top-line growth for the cable manufacturer. Operating revenue increased from ₹3,983.33 lakh in FY25 to ₹6,420.59 lakh in FY26. Profit after tax (PAT) also grew, rising from ₹171.03 lakh to ₹190.13 lakh, an increase of approximately 11%. Earnings per share (EPS) improved to ₹1.86 from ₹1.70 in the previous year.

However, profitability margins faced pressure despite the revenue jump. EBITDA margin contracted to 7.96% from 12.57%, while the net profit margin fell to 2.92% from 4.30%. This divergence highlights higher material and operating costs absorbing much of the volume growth.

What the Numbers Show

The substantial gap between revenue growth (61%) and PAT growth (11%) indicates a heavy cost burden in FY26. Finance costs rose to ₹267.38 lakh from ₹239.61 lakh, driven by an increase in long-term borrowings which saw the debt-to-equity ratio rise from 0.78 to 0.96. Additionally, trade receivables nearly tripled to ₹1,740.55 lakh from ₹592.74 lakh, signaling potential working capital strain that could impact future cash flows if collections do not accelerate.

Agenda and Voting Details

Shareholders can participate via VC/OAVM without physical presence. Remote e-voting through National Securities Depository Limited (NSDL) will commence on September 27, 2026, at 9:00 am and end on September 29, 2026, at 5:00 pm.

Key agenda items for approval include:

• Reappointment of Mr. Suhir Shah as Managing Director for three years, effective September 11, 2027, with a basic salary cap of ₹36 lakh per annum.
• Approval of related party transactions up to ₹15 crore.
• Ratification of remuneration paid to Non-Executive Director Ms. Vijaya More for FY26 and proposed remuneration for FY27.

Document Dispatch and Record Date

Electronic copies of the AGM notice and Annual Report were sent on August 28, 2026. Physical copies are not being dispatched. The Register of Members and Share Transfer Books remain closed from September 23, 2026, to September 30, 2026 (both days inclusive).

The announcement was issued on September 4, 2026, by Varun Jain, the company secretary and compliance officer.