Jigar Cables Limited

Manufactures electrical cables — Medium Voltage Control Cables (MVCC), High Tension (HT) cables, Power Control Cables (PCC), and aluminium/copper conductors — at facilities in Gujarat, including a new unit at Gomta, Gondal that commenced commercial production on May 23, 2026 with an installed monthly capacity of 500 KM to 1000 KM. Conductor production at this new unit began on March 30, 2026 as a precursor to full MVCC and HT cable output. The company sells these cables using the 'ULTRACAB' brand, trademark and trade name under a non-exclusive, non-transferable Brand Usage Agreement signed on January 5, 2026 with Ultracab (India) Limited, running for five years and carrying a 2% per year royalty on basic sales of branded products (related-party transactions capped at Rs 200 crore per year). Through wholly owned subsidiary Jigar Polymers Limited, the company is diversifying into manufacturing wooden and plywood cable drums for the electric wires and cable industry as a forward-integration move. Revenue for FY26 was Rs 57.95 crore (consolidated), with materials accounting for 96.2% of revenue and capex running at 25.6% of revenue, reflecting both the commodity-intensive nature of cable-making and a heavy ongoing investment cycle (Rs 1,473.95 lakhs on property, plant and equipment in FY26). Long-term borrowings rose from Rs 49.98 lakhs to Rs 609.44 lakhs during FY26 to part-fund this expansion, and shareholders approved raising the overall borrowing limit to Rs 100 crore.