Relicab Cable Manufacturing has received an order valued at Rs 2.26 crore from one of the world's leading importers of wires and cables operating in India. The scope covers supply of single and multicore cable, with delivery scheduled on or before October 31, 2026.

ORDER DETAILS

The order was disclosed to the exchange on August 26, 2026. The awarding entity is classified as an international client. 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 2.26 crore 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 2.26 crore order from the international importer 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 2.26 crore and Rs 8.26 crore orders into revenue within their respective delivery windows.
• Product mix: The new order covers single and multicore cable, distinct from the control cable scope of prior 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 26 Aug 2026): P/E of 20.6x against ROCE of 23.06%. P/E is price-derived and will change; ROCE is from audited financials.
• Order consistency: The company has secured four 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 Ltd reported a net profit of ₹41.67 lakh for the quarter ended June 30, 2026, down from ₹54.97 lakh in the corresponding period of FY25. While top-line growth was robust, the bottom-line contraction signals margin pressure during the period.

Revenue from operations surged 58% year-on-year to ₹1,735.77 lakh, up from ₹1,099.41 lakh in Q1FY25. This marks a significant recovery in sales volume compared to the prior year. However, the company’s profitability did not keep pace with this revenue expansion.

Financial Performance

The profit before tax and exceptional items stood at ₹55.66 lakh, compared to ₹68.22 lakh in Q1FY25. After tax, the net profit fell to ₹41.67 lakh. Earnings per share (basic) were recorded at ₹0.42, down from ₹0.53 in the previous year.

Total comprehensive income for the period was ₹42.29 lakh, compared to ₹53.70 lakh in Q1FY25.

What the Numbers Show

The divergence between revenue growth and profit decline is notable. With revenue rising nearly 60% while pre-tax profits fell approximately 18%, the data suggests that operating costs or input prices may have risen disproportionately to sales. The net profit margin contracted significantly, indicating that the volume growth did not translate into proportional earnings power.

Governance and Compliance

The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on August 14, 2026. The statutory auditors have carried out a limited review of the accounts. The company operates in a single reportable primary business segment—Cables—and thus specific IND AS segment disclosures are not applicable. GST is excluded from revenue figures as per IND AS-115.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE773T01014/e27204e2-667b-46c3-95ab-be7889749387.pdf