Cable manufacturing company bags a new order worth Rs 97,48,000; Stock up by 800 per cent in 3 years!
The stock is up by 68.5 per cent from its 52-week low of Rs 89 per share and over 800 per cent in 3 years.
Relicab Cable Manufacturing Limited has been awarded a contract to supply PVC Cable, Halogen, and FLRS by one of the largest multinational technology conglomerates. This domestic order, valued at approximately Rs 97.47 lakhs (excluding tax), requires the timely delivery of the specified cables within 30 days. The contract encompasses the supply of various types of cables, including PVC Cable, Halogen, and FLRS, essential for the conglomerate's operations.
Earlier, the company secured an international contract worth approximately Rs R 98.78 lakh (including tax) to supply MM S/C Cable. The cable will be delivered within 20 days of the contract award. Due to confidentiality reasons, the name of the entity awarding the contract is not disclosed.
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 specialty 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 150 crore with a 3-year stock price CAGR of 111 per cent. The stock is up by 68.5 per cent from its 52-week low of Rs 89 per share and over 800 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.
Also Read: Indian-made foreign liquor company partners with Powerhouse Ranveer Singh