ALFA Finder| Revenue growth | 45.7% YoY in FY26; 70% YoY in H2 FY26. |
|---|---|
| Margins | EBITDA margins 12-13%; EPC PAT margins targeted at 8%. |
| Order book | ₹515cr as of March 31, 2026; targeting ₹700-800cr by FY27. |
| Demand visibility | Strong, backed by ₹515cr order book and ₹1,000cr tender pipeline. |
| Management confidence | High, targeting doubling of capacity and 50-60% growth. |
Growth
FY26 Revenue grew 45.7% to ₹365cr; EBITDA increased 40% to ₹48.11cr. H2 FY26 revenue grew 70% YoY.
Outlook
Management guides 50-60% revenue growth for FY27. Doubling manufacturing capacity; ₹20-30cr capex planned for land and machinery.
Risks
Negative operating cash flows due to working capital intensity in EPC projects and rising inventory days.
Last quarter's promises, checked
Delivered
- Guided FY26 Revenue ₹350-360cr → delivered ₹365cr (= BEAT)
- Guided EBITDA margins 15-16% → delivered 13.18% (= MISS)
- Guided H2 FY26 CAPEX ₹6-7cr → delivered ₹16.45cr+ (= BEAT)
Partly delivered
- Guided Dankuni ops start Dec/Jan → delivered, but awaiting BIS/power (= PARTIAL)
Missed
- Guided EBITDA margins 15-16% → delivered 13.18% (= MISS)
- Guided FY26 PAT margins ~9.8% → delivered 8.69% (= MISS)
Earnings Call filed with BSE, BSE: 544524. Summary written with AI assistance from the document.
JD Cables Ltd: key numbers
- Share price
- ₹169.75
- Market cap
- ₹382.8 Cr
- Revenue (annual)
- ₹364.6 Cr
- Net profit (annual)
- ₹31.72 Cr
- P/E (TTM)
- 12.1×Sector 44.3×
- Promoter holding
- 70.00%+0.00% QoQ
- FII holding
- 0.59%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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