Relicab Cable Manufacturing Reports Strong Sales Growth Amid Pledged Shares Concerns

Nov 12 2025 08:35 AM IST
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Relicab Cable Manufacturing has recently experienced a change in its evaluation amid a complex financial landscape. The company reported strong first-quarter net sales growth of 73.95% and healthy long-term growth metrics. However, challenges persist due to a high percentage of pledged promoter shares and underperformance relative to the BSE500 index.
Relicab Cable Manufacturing, a microcap company in the Other Electrical Equipment industry, has recently undergone an adjustment in its evaluation. The latest assessment reflects a complex financial landscape for the company. In the first quarter of FY25-26, Relicab Cable reported positive financial performance, with net sales reaching Rs 10.75 crore, marking a significant growth of 73.95%. Additionally, the company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 26.00% and operating profit rising by 31.56%.

However, the stock faces challenges, particularly due to the high percentage of promoter shares pledged, which stands at 99.94%. This situation may exert additional pressure on the stock in a declining market. Over the past year, Relicab Cable has generated a return of -48.63%, and its performance has lagged behind the BSE500 index over various time frames. Despite these hurdles, the company maintains a return on capital employed (ROCE) of 18.9 and an attractive valuation with a 2.9 enterprise value to capital employed ratio, trading at a discount compared to its peers.

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