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Manufacturing of Cables and Conductors which widely are used in Power Equipment whose market size is estimated at USD 33.16 billion in 2025 and expected to grow at a CAGR of 4.87% to USD 42.06 USD by 2030.
Key drivers for growth are Growing Electricity Demand & Infrastructure Development, Industrial growth and urbanisation, Government Policies and Investments.
| Revenue | ₹100.85 cr | ₹250.52 cr (+148.41%) | |
| PAT | ₹4.58 cr | ₹22.15 cr (+383.62%) | |
| PAT Margin | 4.54 % | 8.84 % (+94.71%) | |
| EBITDA | ₹7.22 cr | ₹34.29 cr (+374.93%) | |
| EBITDA Margin | 7.16 % | 13.69 % (+91.20%) | |
| ROE | 58.49 % | 63.41 % (+8.41%) | |
| ROCE | 27.85 % | 43.64 % (+56.70%) | |
| D/E | 2.27 | 1.65 (-27.31%) |
Company has a diversifed product portfolio including Cables like Power cables, Control Cables, Aerial Bunched Cables, single-core service wire and conductors including A.A.C, A.A.A.C, A.C.S.R whih are widely used in transmission and distribution of electricity.
PE Ratio: 15.47x Average Sector PE Ratio: 21.51x
| QIB Shares Offered: | 2977600 |
| - Anchor Investor Shares Offered: | 1780000 |
| − QIB (Ex. Anchor) Shares Offered : | 1197600 |
| NII (HNI) Shares Offered: | 910400 |
| - bNII > ₹10L: | 606400 |
| - sNII < ₹10L: | 304000 |
| Retail Shares Offered: | 2111200 |
| Total Shares Offered: | 5999200 |
| Application | Lot | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Max) | 2 | 1600 | ₹243200 |
| S-HNI (Min) | 3 | 2400 | ₹364800 |
| S-HNI (Max) | 8 | 6400 | ₹972800 |
| B-HNI (Min) | 9 | 7200 | ₹1094400 |
Avg IPO Size (Sector Based):
₹ 25.00 cr.
Average Sector PE Ratio:
21.51 X
Listing Price:
₹ 160.00
JD Cables is engaged in manufacturing of Cables and Conductors which widely include manufacturing of Power Cables, Control Cables, Aerial Bunched Cables, Single-core service wire and All Aluminium Conductor (A.A.C.), All Aluminium Alloy Conductor (A.A.A.C.), Aluminium conductor steel reinforced (A.C.S.R.) Conductors used for transmission and distribution of electricity. Their products adhere to national quality standards and are widely used in the electrical industry. They have obtained ISO 9001:2015, IS 398: PART 2 :1996, IS 694: 2010, IS 1554: PART 1 :1988, IS 7098: PART 1 :1988, IS 14255: 1995, ISO 9001:2015 Certificates for manufacturing of wires, cables & conductors. The Company is an approved vendor for various State Electricity Boards. Their supply network spans across multiple states, including Assam, Odisha, Jharkhand, Bihar, Manipur, Tripura, Arunachal Pradesh, Madhya Pradesh, Chhattisgarh, Meghalaya, Mizoram and West Bengal. Their manufacturing facility in West Bengal is equipped with modern infrastructure, cutting-edge machinery, and a well-equipped test laboratory, ensuring the production of high-quality products.
| Company Name | Price | Basic EPS | Diluted EPS | Face Value | P/E Ratio | RoNW | NAV per Share | Total Income |
|---|---|---|---|---|---|---|---|---|
| JD Cables Limited | 4.60 | 4.60 | 10 | 58.50 | 4.73 | 100.85 | ||
| Dynamic Cables Limited | 940.50 | 17.16 | 17.16 | 10 | 54.81 | 17.65 | 97.19 | 771.49 |
1. P/E figures for the peers are based on closing market prices of equity shares on BSE and NSE on June 24, 2025 divided by the Basic EPS as at March 31, 2024
2. Basic and Diluted EPS refers to the Basic and Diluted EPS sourced from the Annual Reports for FY 23-24 of the listed peer companies.
3. Return on Net Worth (%) for listed industry peers has been computed based on the Net Profit After Tax for the year ended March 31, 2024 divided by Total Equity as on March 31, 2024.
4. NAV per share for listed peers is computed as the Total Equity as on March 31, 2024 divided by the outstanding number of equity shares (Post bonus) as on March 31, 2024.
Source: to compute the corresponding financial ratios for the financial year ended March 31, 2024. The current market price and related figures are as on June 24, 2025.
The details shall be provided post the fixing of the price band by our Company at the stage of the red herring prospectus or the filing of the price band advertisement
GYR Capital Advisors Private Limited, based in Ahmedabad is the Lead Manager (BRLM) of JD Cables IPO. GYR Capital Advisors Private Limited has handled (17) SME IPOs till date of which (76%) of the SME IPOs have been listed with listing gains. Read full review of GYR Capital Advisors Private Limited .
JD Cables IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on JD Cables Financial Review Page
Merchant Banker(s) of JD Cables IPO: GYR Capital Advisors Private Limited
JD Cables IPO subscription was 127.78 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
JD Cables IPO listed at a listing price of 160.00 against the offer price of 152.00.
The current market price of JD Cables is 141.00.
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