Cable Manufacturing Company Bags A New Order Worth Rs 84,00,000 From One Of The Largest Multinational Technology Conglomerates
The stock is up by 61 per cent from its 52-week low of Rs 89 per share and gave multibagger returns of over 670 per cent in 3 years.
Relicab Cable Manufacturing Limited has been awarded a contract by one of the largest multinational technology conglomerates for the supply of 7C4 sq. mm, PVC Cable, FRLS Unarmoured, 471.5 sq. mm, PVC Cable, FRLS, Unarmo, and Std Cable 7G1,5 PUR/ Screen/ Outdoors. This domestic order, valued at approximately Rs 84 lakhs (excluding tax), requires the cables to be delivered within 30 days.
Additionally, Relicab Cable Manufacturing Limited is excited to announce its participation in the Power and Energy Ghana Expo 2024, taking place from November 6th to 8th at the Accra International Conference Centre in Accra, Ghana. This premier trade exhibition, organized by the Big Four and FIEO, will provide a platform for Relicab to showcase its comprehensive range of high-quality cable solutions, including power distribution and transmission cables, industrial cables, and building wires. Our team looks forward to connecting with industry professionals and showcasing our latest product offerings.
Relicab Cable Manufacturing Ltd, established in 1992, is a mid-sized company specializing in the production and marketing of PVC Compounds, Wires and Cables. Their product range encompasses a wide variety of cables, including power and control cables, instrumentation cables, PVC insulated and sheathed cables, automotive and battery cables, submersible and dewatering cables, flat elevator cables, screen cables, mains cords and connectors, telecommunication cables and tailor-made speciality cables. Additionally, they manufacture wire harnesses and various types of PVC compounds for insulation, sheathing, inner sheathing, high-temperature applications, flame-retardant materials, and masterbatches.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.
Located in Daman, India, Relicab Cable Manufacturing Ltd boasts a manufacturing facility capable of producing approximately 7,510 kilometres of wires and cables annually, along with 1,500 tons of PVC Compound per year. Their products cater to a diverse clientele, including major players in the telecom, electrical, automotive, household appliances and wind energy industries. Relicab Cable Manufacturing Ltd has a strong export presence, with customers in Russia, Uganda, Indonesia, Nigeria, Singapore, and the UAE. Notably, their in-house PVC Compound manufacturing facility supplies raw material for their own wire and cable production, while also selling finished PVC Compounds directly to other industries.
The company have a market cap of Rs 138.5 crore with a 3-year stock price CAGR of 111 per cent. The stock is up by 61 per cent from its 52-week low of Rs 89 per share and gave multibagger returns of over 670 per cent in 3 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.