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 Rs 39 Cr. Originally founded 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: Rs 39 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 22.00 <BR>Industry P/E: 24 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 0.23 <BR>Return on Equity: 10.67% <BR>Price-to-Book: 2.35<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

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.

Who are the peers of the Jigar Cables?

Jigar Cables' peers include Waaree Energies, Premier Energies, Apar Inds., Genus Power, Websol Energy, Integra Switch, Cybele Industrie, Switching Tech., and Cont. Controls. In terms of management risk, Jigar Cables has below average risk, with a 1-year return of 3.51%, significantly lower than Websol Energy's 136.44%.

Peers: The peers of Jigar Cables are Waaree Energies, Premier Energies, Apar Inds., Genus Power, Websol Energy, Integra Switch, Cybele Industrie, Switching Tech., and Cont. Controls.<BR><BR>Quality Snapshot: Excellent management risk is observed at Premier Energies, while Good management risk is found at Waaree Energies and Apar Inds. Average management risk is noted at Genus Power and Websol Energy, while Below Average management risk is present at Jigar Cables and Cybele Industrie. The peers Integra Switch and Switching Tech. do not qualify for management risk assessment. For Growth, Excellent ratings are seen at Premier Energies and Apar Inds., while Good growth is noted at Waaree Energies and Jigar Cables. Average growth is found at Genus Power and Websol Energy, while Below Average growth is observed at Cybele Industrie. Integra Switch and Switching Tech. do not qualify for growth assessment. In terms of Capital Structure, Excellent is seen at Premier Energies, while Good is noted at Apar Inds. and Genus Power. Below Average capital structure is present at Jigar Cables, Cybele Industrie, and Cont. Controls, with Integra Switch and Switching Tech. not qualifying.<BR><BR>Return Snapshot: Websol Energy has the highest 1-year return at 136.44%, while Integra Switch has the lowest at -48.69%. Jigar Cables has a 1-year return of 3.51%, which is significantly lower than Websol Energy's return but higher than Integra Switch's. Additionally, the peers Integra Switch, Cybele Industrie, and Cont. Controls all have negative six-month returns.

how big is Jigar Cables?

As of Apr 03, Jigar Cables Ltd has a market capitalization of 41.00 Cr, classifying it as a Micro Cap company. There is no valid financial data available for the latest four quarters.

Market Cap: As of Apr 03, Jigar Cables Ltd has a market capitalization of 41.00 Cr, which classifies it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: There is no valid Consolidated or Standalone financial data available for the latest four quarters, including Net Sales and Net Profit.<BR><BR>Balance Sheet Snapshot: This is Consolidated data for the reporting period of March 2024. The Shareholder's Funds amount to 19.20 Cr, and the Total Assets are valued at 25.32 Cr.

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.

Who are in the management team of Jigar Cables?

As of March 2022, the management team of Jigar Cables includes Parshottambhai Vaghasiya (Whole-time Director), Sangeetaben Niteshbhai Vaghasiya (Managing Director), and several Independent Directors: Shardaben Bhalala, Kantilal Lakhani, and Shailesh Bhikhubhai Khatara, along with Priyanka Marvania (Company Secretary & Compliance Officer) and Ramnikbhai Parshottambhai Vaghasiya (Whole-time Director).

As of March 2022, 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>Each member holds a specific role within the company, contributing to its governance and operations.

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.

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.

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.

Why is Jigar Cables Ltd falling/rising?

As of 11-Feb, Jigar Cables Ltd's stock price is Rs 59.70, down 0.3%, with a significant decline of 19.31% over the past eight weeks. The stock has underperformed against the benchmark Sensex, showing a year-to-date drop of 8.15% and a bearish trend indicated by trading below all major moving averages.

As of 11-Feb, Jigar Cables Ltd is experiencing a decline in its stock price, currently at Rs 59.70, which reflects a change of -0.18 (-0.3%). The stock has underperformed significantly, with a weekly fall of -19.31% over the last eight weeks, and it opened today with a loss of -19.37%. Additionally, the stock has not traded on four out of the last twenty days, indicating erratic trading behavior. <BR><BR>The performance metrics show that Jigar Cables has consistently fallen, with a year-to-date decline of -8.15% and a one-year drop of -12.08%, while the benchmark Sensex has shown positive returns in the same periods. Furthermore, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a bearish trend. <BR><BR>Investor participation has also decreased, with a delivery volume drop of -28.57% compared to the 5-day average, indicating reduced interest from investors. Overall, these factors contribute to the ongoing decline in Jigar Cables Ltd's stock price.

Which are the latest news on Jigar Cables?