Microcap Cable & Wires Manufacturer Dispatches First Export Order Worth USD 1,17,596 – Stock Soars Over 880 Per cent!
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.
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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.
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Disclaimer: The article is for informational purposes only and not investment advice.