Jigar Cables
BSE: JIGAR · Other Electrical Equipment
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Snapshot
Unlock Jigar Cables's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Jigar Cables Limited is an Indian manufacturer specialising in electric wires and cables, including PVC, XLPE, and aerial bunched cables. The company serves diverse sectors such as agricultural pump sets, residential wiring, and industrial power distribution.
Business Model
The company generates revenue by manufacturing and supplying cables through a wide dealer network, catering to both domestic retail consumers and government infrastructure projects. It focuses on maintaining cost efficiencies at its Rajkot manufacturing facility to remain competitive in a fragmented market.
Management Commentary
Management emphasises the importance of quality certifications and the strategic expansion of the dealer network to capture growing demand in power infrastructure and housing.
Growth Outlook
Growth is driven by the increasing demand for power infrastructure and housing development across India. The company aims to scale its operations by leveraging its manufacturing capabilities and expanding its distribution footprint.
Key Risks
- Raw Material Price Volatility. Fluctuations in the prices of copper and aluminium, which are primary inputs, can significantly impact profit margins.
- Market Competition. The highly fragmented Indian electrical equipment industry presents intense competition from both organised and unorganised players.
- Dependency on Infrastructure Spending. The company's performance is closely tied to government infrastructure projects and real estate development cycles.
- Regulatory and Quality Compliance. Failure to maintain stringent quality standards and certifications could lead to loss of contracts and reputational damage.
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Peers · Other Electrical Equipment
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Jigar CablesJIGAR | ₹52 Cr | — | — | — | 5.8% | — | — | -17.5% |
Urja GlobalURJA | ₹483 Cr | 919.00 | 199.75 | — | 4.0% | 0.8% | 1.0% | -29.9% |
S&S Power Switchgears LimitedS&SPOWER | ₹418 Cr | 51.72 | 39.60 | 32.1% | 4.0% | 10.2% | 6.2% | -8.7% |
Artemis Electricals and Projects LimitedAEPL | ₹386 Cr | 45.24 | 28.46 | — | 16.3% | 9.6% | 13.0% | -41.0% |
RMC SwitchgearsRMC | ₹261 Cr | — | — | — | 12.0% | — | — | -69.8% |
Magnus Steel and Infra LimitedMAGNUS | ₹8 Cr | 18.98 | 15.74 | — | 12.6% | 31.0% | 209.7% | — |
As of Mar 2026
Financials
Jigar Cables
BSE: JIGAR · Other Electrical Equipment
Limited coverage
We are not actively covering this company or have limited coverage today. Click to request coverage.
Snapshot
Unlock Jigar Cables's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Jigar Cables Limited is an Indian manufacturer specialising in electric wires and cables, including PVC, XLPE, and aerial bunched cables. The company serves diverse sectors such as agricultural pump sets, residential wiring, and industrial power distribution.
Business Model
The company generates revenue by manufacturing and supplying cables through a wide dealer network, catering to both domestic retail consumers and government infrastructure projects. It focuses on maintaining cost efficiencies at its Rajkot manufacturing facility to remain competitive in a fragmented market.
Management Commentary
Management emphasises the importance of quality certifications and the strategic expansion of the dealer network to capture growing demand in power infrastructure and housing.
Growth Outlook
Growth is driven by the increasing demand for power infrastructure and housing development across India. The company aims to scale its operations by leveraging its manufacturing capabilities and expanding its distribution footprint.
Key Risks
- Raw Material Price Volatility. Fluctuations in the prices of copper and aluminium, which are primary inputs, can significantly impact profit margins.
- Market Competition. The highly fragmented Indian electrical equipment industry presents intense competition from both organised and unorganised players.
- Dependency on Infrastructure Spending. The company's performance is closely tied to government infrastructure projects and real estate development cycles.
- Regulatory and Quality Compliance. Failure to maintain stringent quality standards and certifications could lead to loss of contracts and reputational damage.
Start your research today
Unlock AI insights, financials, peers and live data on Jigar Cables and 5,000+ companies — free.
Peers · Other Electrical Equipment
As of Mar 2026