Microcap Cable & Wires Manufacturer Dispatches First Export Order Worth USD 1,17,596 – Stock Soars Over 880 Per cent!

Microcap Cable & Wires Manufacturer Dispatches First Export Order Worth USD 1,17,596 – Stock Soars Over 880 Per cent!

Rakesh Deshmukh

The company’s shares have delivered an impressive multibagger return of over 230 per cent in the past 2 years.

Incorporated in 1992, Relicab Cable Manufacturing Ltd, a micro-cap company specializing in the manufacturing and marketing of PVC compounds, wires, and cables, has achieved a significant milestone in its global expansion strategy.

Recently, the company successfully dispatched its first export order, valued at USD 1,17,596, to destinations including Malawi, Mozambique, and a major African port city. This landmark event underscores Relicab Cable's growing presence in the African market and its ability to meet the rising demand for high-quality electrical wires and cables.

DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.

As part of its expansion efforts, Relicab Cable recently boosted its production capacity by acquiring a neighboring manufacturing unit in Daman on a leasehold basis. This acquisition has enhanced the company’s ability to scale up operations and cater to the increasing needs of international markets, particularly for exports. This successful export dispatch marks a major step forward in the company's growth trajectory.

On Friday, the shares of Relicab Cable Manufacturing Ltd closed the day at around Rs 152.40 per share on the BSE. The company’s current market capitalization stands at Rs 153.84 crore. Additionally, the shares have delivered an impressive multibagger return of around 880 per cent in the past 3 years.

As per the Quarterly Results Q1 FY25, Relicab Cable Manufacturing Ltd recorded a revenue of Rs 6.18 crore compared to Rs 7.88 crore. The operating profit stood at Rs 1.09 crore. The net profit stood at Rs 0.41 crore compared to a profit of Rs 0.15 crore.

Relicab Cable Manufacturing Ltd is a “Make in India” manufacturing company. The company has the capacity at its Daman unit to manufacture PVC/XLPE insulated single-core and multi-core cables, flat instrumentation shielded cables, flexible cables, solar cables, uninyvin cables, and PVC compounds. The company has been a well-established name in this sector for over two decades.

Check out my recent article here.

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

Previous Article Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Next Article Electrical & Fire-Fighting Solutions Provider Secures Work Orders Worth Rs 4,34,00,713 from DMart - Keep This Stock on Radar
Rate this article:
3.7

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR