Penny stock under Rs 85: Cable company receives order of Rs 18.21 crore from State Electricity Distribution Company (DISCOM)

Prime Cable Industries Limited has recevied a significant domestic order confirmation from a reputed State Electricity Distribution Company (DISCOM) for the supply of 525 KM of LT (Low-Tension) Cable. This contract is valued at ₹18.21 Crores (inclusive of GST) and encompasses the complete scope of work, including the design, manufacturing, type testing, inspection, and final supply of the cables. The execution timeline for this substantial order is set for a relatively swift four months, highlighting the company's role in supporting and strengthening the domestic power distribution infrastructure.

Prime Cable Industries Limited, established in 1997, is an Indian manufacturer specialising in a wide product portfolio of wires and cables, including LT PVC/XLPE Power and Control Cables, as well as Aerial Bunch (AB) Cables and Instrumentation Cables. The company offers its products, which also include Housing/Building Wires, under its proprietary brands “PRIMECAB” and “RENUFO”.

In FY25, the company reported net sales of Rs 141 crore and net profit of Rs 8 crore. The company has a market cap of Rs 150 crore with a PE of 20x, an ROE of 69 per cent and an ROCE of 31 per cent. The stock has a 52-week high of Rs 84 per share and has a 52-week low of Rs 70.70 per share. The stock is up by 18.4 per cent from its 52-week low of Rs 70.70 per share.

Disclaimer: The article is for informational purposes only and not investment advice.