Jigar Cables

Why is Jigar Cables Ltd falling/rising?

As of 01-Sep, Jigar Cables Ltd's stock price is Rs 57.77, unchanged from the previous session, but has declined 3.72% over the past week and 13.71% over the past month, indicating a bearish trend with low trading activity and underperformance against its sector.

As of 01-Sep, Jigar Cables Ltd's stock price is currently at Rs 57.77, showing no change from the previous trading session. The stock has experienced a decline of 3.72% over the past week and a significant drop of 13.71% over the past month. This underperformance is evident as the stock has opened with a loss today, reflecting a gap down of 3.72%. Additionally, the stock has not traded on five out of the last twenty days, indicating erratic trading behavior.<BR><BR>The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which typically suggests a bearish trend. Furthermore, despite a rise in delivery volume by 25% on 10 August compared to the 5-day average, the overall performance today indicates that Jigar Cables Ltd has underperformed its sector by 4.11%. <BR><BR>Overall, the combination of recent price declines, low trading activity, and underperformance against benchmarks suggests that Jigar Cables Ltd is currently experiencing a downward trend in its stock price.

Who are in the management team of Jigar Cables?

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

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

What does Jigar Cables do?

Jigar Cables Ltd manufactures wires and cables in the electrical equipment industry and operates as a public limited company since 2017. It has a market cap of INR 54 Cr and key financial metrics include a P/E ratio of 30.00 and a return on equity of 6.10%.

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 was originally formed as a Partnership Firm named "Jigar Industries" in 1997. The firm was renamed "Jigar Cables" in 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 54 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 30.00 <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: 1.88 <BR><BR>Contact Details: <BR>Address: Plot No. 164/14 & 15 Jamwadi, GIDC Gondal Rajkot Gujarat : 360311 <BR>Tel: 91-2825-221422 <BR>Email: cs@sigmacab.com <BR>Website: http://www.sigmacab.com

Who are the peers of the Jigar Cables?

Jigar Cables' peers include RTS Power Corpn., Gensol Engineer., Gujarat Poly, Incap, Cybele Industrie, Relicab Cable, Alfa Transformer, Rulka, and Sungarner Energ. Gensol Engineer. shows excellent growth and management risk, while RTS Power Corpn. has the lowest 1-year return at -41.36%.

Peers: The peers of Jigar Cables are RTS Power Corpn., Gensol Engineer., Gujarat Poly, Incap, Cybele Industrie, Relicab Cable, Alfa Transformer, Rulka, and Sungarner Energ.<BR><BR>Quality Snapshot: Excellent management risk is observed at Rulka, while Average management risk is found at Gensol Engineer., Cybele Industrie, and Sungarner Energ., and the rest. Good growth is noted at Jigar Cables and Rulka, while Excellent growth is seen at Gensol Engineer. Below Average growth is present at RTS Power Corpn., Gujarat Poly, Incap, Cybele Industrie, Relicab Cable, Alfa Transformer, and the rest. Average capital structure is held by Jigar Cables and RTS Power Corpn., while Below Average capital structure is found at Gensol Engineer., Gujarat Poly, Incap, Cybele Industrie, Relicab Cable, and Alfa Transformer, and the rest. Good capital structure is observed at Rulka.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Gensol Engineer. with N/A, while the peer with the lowest is RTS Power Corpn. at -41.36%. Jigar Cables' 1-year return is also N/A. Additionally, the peers with negative six-month returns include RTS Power Corpn., Gensol Engineer., Cybele Industrie, Relicab Cable, and Alfa Transformer.

How big is Jigar Cables?

Summary could not be generated.

As of 31st August, Jigar Cables Ltd has a market capitalization of 54.00 Cr, categorizing it as a Micro Cap company.<BR><BR>Recent quarterly performance data is unavailable, so there are no figures for Net Sales or Net Profit for the latest four quarters.<BR><BR>The balance sheet snapshot for the reporting period of March 2025 shows Shareholder's Funds at 21.02 Cr and Total Assets at 25.09 Cr.

Which are the latest news on Jigar Cables?

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.