Jigar Cables

Why is Jigar Cables Ltd falling/rising?

As of 17-Jul, Jigar Cables Ltd's stock price is at 71.95, with significant intraday volatility of 13.79% and a notable loss of 18.66% earlier in the day. Despite positive returns over the past month and year-to-date, concerns about decreased investor participation and trading irregularities may affect its price stability.

As of 17-Jul, Jigar Cables Ltd's stock price is currently at 71.95, showing no change from the previous close. The stock has experienced a significant intraday volatility of 13.79%, indicating high fluctuations in its trading price. Today, the stock opened with a notable loss of 18.66%, reaching an intraday low of Rs 54.5, which suggests a challenging trading environment. However, it also touched an intraday high of Rs 71.95, reflecting some recovery during the day.<BR><BR>Despite the current price stability, the stock has outperformed its sector by 7.61% today. Over the past month, Jigar Cables Ltd has shown a positive return of 7.39%, which is better than the Sensex's return of 1.29% for the same period. Year-to-date, the stock has increased by 10.69%, contrasting sharply with the Sensex's decline of 8.30%. <BR><BR>However, there are concerns regarding investor participation, as the delivery volume has decreased by 37.5% compared to the 5-day average, indicating a potential decline in investor interest. Additionally, the stock has not traded on 4 out of the last 20 days, which could contribute to its erratic trading pattern. <BR><BR>Overall, while Jigar Cables Ltd has shown resilience with positive returns over various periods, the significant intraday drop and reduced investor participation may be contributing factors to the current price dynamics.

Which are the latest news on Jigar Cables?

What does Jigar Cables do?

Jigar Cables Ltd manufactures wires and cables in the electrical equipment industry and operates as a micro-cap company with a market cap of INR 60 Cr. Originally established in 1997, it became a public limited company in 2017.

Overview: <BR>Jigar Cables Ltd is engaged in the manufacturing of wires and cables in the Other Electrical Equipment industry and operates within the Micro Cap market-cap bracket.<BR><BR>History: <BR>Jigar Cables Ltd was originally formed as a Partnership Firm named "Jigar Industries" on August 1, 1997. The firm was renamed "Jigar Cables" on January 1, 2017, and subsequently converted to a Public Limited Company on February 7, 2017. Revenue and profit data for the latest quarter are not available.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: N/A <BR>Most recent Net Profit: N/A <BR>Market-cap value: INR 60 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 34.00 <BR>Industry P/E: 24 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: -0.07 <BR>Return on Equity: 6.10% <BR>Price-to-Book: 2.10<BR><BR>Contact Details: <BR>Address: Plot No. 164/14 & 15 Jamwadi, GIDC Gondal Rajkot Gujarat : 360311 <BR>Phone: 91-2825-221422 <BR>Email: cs@sigmacab.com <BR>Website: http://www.sigmacab.com

How big is Jigar Cables?

As of 10th June, Jigar Cables Ltd has a market capitalization of 60.00 Cr, classifying it as a Micro Cap company, with no available financial data for Net Sales or Net Profit for the latest four quarters. The balance sheet as of March 2025 shows Shareholder's Funds of 21.02 Cr and Total Assets of 25.09 Cr.

As of 10th June, <BR><BR>Market Cap: Jigar Cables Ltd has a market capitalization of 60.00 Cr, categorizing it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: There is no valid financial data available for Net Sales or Net Profit for the latest four quarters.<BR><BR>Balance Sheet Snapshot: The reporting period is March 2025, with Shareholder's Funds amounting to 21.02 Cr and Total Assets totaling 25.09 Cr.

Who are in the management team of Jigar Cables?

The management team of Jigar Cables includes Sangeetaben Niteshbhai Vaghasiya (Managing Director), Parshottambhai Vaghasiya and Ramnikbhai Parshottambhai Vaghasiya (Whole-time Directors), Priyanka Marvania (Company Secretary), and independent directors Shardaben Bhalala, Kantilal Lakhani, and Shailesh Bhikhubhai Khatara. They oversee the company's strategic direction and management.

The management team of Jigar Cables includes the following individuals:<BR><BR>1. **Sangeetaben Niteshbhai Vaghasiya** - Managing Director<BR>2. **Parshottambhai Vaghasiya** - Whole-time Director<BR>3. **Ramnikbhai Parshottambhai Vaghasiya** - Whole-time Director<BR>4. **Priyanka Marvania** - Company Secretary & Compliance Officer<BR>5. **Shardaben Bhalala** - Independent Director<BR>6. **Kantilal Lakhani** - Independent Director<BR>7. **Shailesh Bhikhubhai Khatara** - Independent Director<BR><BR>This team is responsible for the strategic direction and management of the company.

Who are the peers of the Jigar Cables?

Jigar Cables' peers include RTS Power Corp., Gensol Engineer, Cybele Industrie, Gujarat Poly, Alfa Transformer, Incap, Kundan Edifice, Smarten Power, and Sungarner Energ. Jigar Cables has an average management risk, good growth, and a 1-year return of 26.42%, outperforming RTS Power Corp. but underperforming Cybele Industrie.

Peers: The peers of Jigar Cables are RTS Power Corpn., Gensol Engineer., Cybele Industrie, Gujarat Poly, Alfa Transformer, Incap, Kundan Edifice, Smarten Power, and Sungarner Energ.<BR><BR>Quality Snapshot: Excellent management risk is observed at Kundan Edifice and Smarten Power, while Average management risk is found at Gensol Engineer., Cybele Industrie, Incap, and Sungarner Energ. Below Average management risk is noted at RTS Power Corpn., Jigar Cables, Alfa Transformer, and Gujarat Poly. For growth, Excellent growth is seen at Gensol Engineer. and Kundan Edifice, while Good growth is present at Jigar Cables and Smarten Power. Below Average growth is noted at Cybele Industrie, Gujarat Poly, Alfa Transformer, Incap, and the rest. Capital Structure ratings show Good at Gujarat Poly, Average at Jigar Cables and Kundan Edifice, and Below Average at RTS Power Corpn., Gensol Engineer., Cybele Industrie, Alfa Transformer, Incap, Smarten Power, and Sungarner Energ.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Cybele Industrie at 96.90%, while RTS Power Corpn. has the lowest at -40.88%. Jigar Cables has a 1-year return of 26.42%, which is significantly higher than RTS Power Corpn. but lower than Cybele Industrie. Additionally, peers with negative six-month returns include RTS Power Corpn., Gensol Engineer., Gujarat Poly, and Incap.

How has been the historical performance of Jigar Cables?

Jigar Cables has shown significant growth in net sales, increasing from 12.65 Cr in March 2022 to 105.11 Cr in March 2025, with profitability also rising, as profit after tax grew from 0.34 Cr to 1.82 Cr during the same period. The company has improved its operating profit and achieved positive cash flow, indicating a strong upward trend in financial performance.

Answer:<BR>The historical performance of Jigar Cables shows significant growth in net sales and profitability over the years, culminating in the fiscal year ending March 2025.<BR><BR>Breakdown:<BR>Jigar Cables has experienced a remarkable increase in net sales, rising from 12.65 Cr in March 2022 to 105.11 Cr in March 2025. This growth is reflected in total operating income, which also surged to 105.11 Cr in March 2025 from 12.65 Cr in March 2022. The company's raw material costs have increased correspondingly, reaching 87.82 Cr in March 2025, but the operating profit (PBDIT) has improved to 4.57 Cr, indicating a positive trend in profitability despite rising costs. Profit before tax has also shown an upward trajectory, increasing to 2.49 Cr in March 2025 from 0.43 Cr in March 2022, while profit after tax reached 1.82 Cr in March 2025, up from 0.34 Cr in March 2022. The company's total assets stood at 25.09 Cr in March 2025, with total liabilities slightly decreasing to 25.09 Cr from 25.32 Cr in March 2024. Cash flow from operating activities turned positive at 6.00 Cr in March 2025, contributing to a net cash inflow of 1.00 Cr for the year. Overall, Jigar Cables has demonstrated a strong upward trend in sales and profitability, positioning itself favorably in the market.

Is Jigar Cables overvalued or undervalued?

As of November 3, 2025, Jigar Cables is fairly valued with a PE Ratio of 25.32 and a strong ROCE of 19.78%, making it more attractive compared to its peers like Polycab India and Havells India, despite a year-to-date return of -7.22% against the Sensex's 7.47%.

As of 3 November 2025, Jigar Cables has moved from a very attractive to an attractive valuation grade. The company appears to be fairly valued at this time. Key ratios include a PE Ratio of 25.32, an EV to EBIT of 12.05, and a ROCE of 19.78%. <BR><BR>In comparison to its peers, Jigar Cables' valuation stands out against Polycab India, which has a PE Ratio of 46.63, and Havells India, with a PE Ratio of 64.29, both categorized as very expensive. While Jigar Cables has underperformed the Sensex in the short term, with a year-to-date return of -7.22% compared to the Sensex's 7.47%, its strong ROCE and low PEG Ratio of 0.35 suggest potential for growth relative to its peers.

Who are the top shareholders of the Jigar Cables?

The top shareholder of Jigar Cables is Nitesh Parshottambhai Vaghasiya, with a 23.89% stake, followed by public shareholder Bhumiben Ramnikbhai Vaghasiya at 7.51%. Individual investors hold 37.1% of the shares, with no pledged promoter holdings or involvement from mutual funds or foreign institutional investors.

The top shareholders of Jigar Cables include Nitesh Parshottambhai Vaghasiya, who holds the largest stake at 23.89%. The highest public shareholder is Bhumiben Ramnikbhai Vaghasiya, with a holding of 7.51%. Additionally, individual investors collectively hold 37.1% of the company's shares. There are no pledged promoter holdings, and the company does not have any mutual funds or foreign institutional investors involved in its shareholding.

What is the technical trend for Jigar Cables?

As of June 6, 2025, Jigar Cables has shifted to a bearish trend with moderate strength, indicated by bearish MACD and moving averages, while the RSI shows no momentum, suggesting a negative outlook in the short to medium term.

As of 6 June 2025, the technical trend for Jigar Cables has changed from mildly bearish to bearish. The current stance is bearish with a moderate strength. Key indicators driving this include a bearish MACD on the weekly chart, bearish moving averages on the daily timeframe, and a bearish KST on the weekly chart. The Bollinger Bands also indicate a mildly bearish trend on both weekly and monthly timeframes. The RSI shows no signal, suggesting a lack of momentum in either direction. Overall, the technical outlook remains negative, particularly in the short to medium term.

When is the next results date for Jigar Cables?

No Upcoming Board Meetings

Has Jigar Cables declared dividend?

Jigar Cables Ltd has declared a 2% dividend, amounting to 0.20 per share, but the dividend yield is 0%. While the company has shown strong price returns over the years, it has not provided dividends in recent periods.

Jigar Cables Ltd has declared a 2% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 2%<BR>- Amount per share: 0.20<BR>- Ex-date: 19 Sep 19<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the 6-month period, the price return was -29.74%, the dividend return was 0%, resulting in a total return of -29.74%.<BR><BR>For the 1-year period, there was no price return, no dividend return, leading to a total return of 0.0%.<BR><BR>Over the 2-year period, the price return was 47.85%, the dividend return was 0%, resulting in a total return of 47.85%.<BR><BR>In the 3-year period, the price return was 115.69%, with no dividend return, leading to a total return of 115.69%.<BR><BR>For the 4-year period, the price return was 44.93%, the dividend return was 0%, resulting in a total return of 44.93%.<BR><BR>In the 5-year period, the price return was 127.74%, with no dividend return, leading to a total return of 127.74%.<BR><BR>Overall, Jigar Cables Ltd has declared a dividend, but the dividend yield is 0%, indicating that while there was a past dividend declaration, the company has not provided dividends in recent periods. The total returns show significant variability, with strong price returns over longer periods despite the lack of recent dividends.