- POSITIVE
Annual Revenue Orient Cables Mar-2026 Annual Revenue is Rs 1,182 Cr which is growth of 42.0% YoY.
- POSITIVE
Annual Net Profit Orient Cables Mar-2026 Annual Net Profit is Rs 54 Cr which is growth of 1.5% YoY.
Orient Cables (India) Ltd. IPO Details
Orient Cables was incorporated on September 15, 2005. The company has been manufacturing networking cables and passive networking equipment for nearly two decades, serving high-growth sectors like telecom, data centres, renewable energy, and smart building systems. Its product range includes networking cables, specialty power solutions, optical fibre cables, and allied products
| Bidding Dates |
|---|
| 25 Sep 2026 - 29 Sep 2026 |
| Subscription |
|---|
| 92.27x Oversubscribed |
| Check Allotment Status |
|---|
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,190 | 1 | 13 | 55 | 20.3 M | ₹258 - ₹272 | 82.17 % | ₹5,235.9 M - ₹5,520.0 M | RHP DOC |
Orient Cables IPO SUBSCRIPTION STATUS
29 Sep '26Total92.27x
Retail Individual Investor30.55x
HNI (NII) Investors115.63x
Qualified Institutional Buyers182.76x
Orient Cables IPO overall subscription rate was 92.27 times the total available shares
Orient Cables IPO retail subscription rate was 30.55 times in the retail segment
Orient Cables IPO non-institutional investor subscription rate was 115.63 times in the non-institutional investor category
Orient Cables IPO Qualified Institutional Bidder subscription rate was 182.76 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
29 Sep 2026 (Day 4) | 30.55x | 115.63x | 182.76x |
28 Sep 2026 (Day 3) | 9.16x | 17.37x | 0.06x |
25 Sep 2026 (Day 2) | 2.43x | 3.48x | 0.01x |
Orient Cables FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| Q1FY27 | 489.2 | 32.8 | -11.8 | -21.3 | 11.2% |
| FY26 | 1,171.7 | 53.6 | -26.6 | -99.7 | 8.2% |
| FY25 | 825.0 | 53.3 | -9.8 | -69.6 | 10.2% |
| FY24 | 657.8 | 40.1 | 42.2 | 9.5 | 8.9% |
Orient Cables IPO SUBSCRIPTION STATUS DETAILS
Orient Cables has 20.3 M shares on offer
Orient Cables IPO offer price is in the range ₹258 - ₹272
Orient Cables IPO minimum Investment is ₹14190
Orient Cables IPO issue size is ₹ 5,235.9 M - ₹ 5,520.0 M
Orient Cables has a minimum lot size of 55 Shares per application
Orient Cables NUMBER OF SHARES ON OFFER
Total20.3 M
Fresh Issue11.8 M
Offer for Sale8.5 M
Post Issue Promoter Holding %82.17 %
Orient Cables IPO IMPORTANT DATES
| Issue Open Date | 25 Sep 2026 |
| Issue close Date | 29 Sep 2026 |
| Allotment Date | 30 Sep 2026 |
| Refund Date | 01 Oct 2026 |
| Demat Account Credit Date | 01 Oct 2026 |
| Listing Date | 05 Oct 2026 |
| Listing on Exchange(s) | NSE and BSE |
| Orient Cables Allotment Status | Exchange/ Registrar |
Orient Cables IPO subscription opens on 25 Sep 2026, and closes on 29 Sep 2026
IPO allotment for Orient Cables is expected to be finalized on Wednesday, 30 Sep 2026
IPO listing for Orient Cables will be on NSE and BSE on Monday, 05 Oct 2026
Orient Cables Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Orient Cables (India) Ltd. | 272 | 3095.4 | 57.5 | 2.6 | 22.8 | 9.3 | 1181.7 | 53.8 | 4.7 | ||||
| Polycab India Ltd. | 7990 | 120406.5 | 42 | 1.4 | 3.9 | 22.2 | 13 | 29120 | 28.8 | 2672 | 32.3 | 190.1 | 29.2 |
| KEI Industries Ltd. | 4502 | 43039.4 | 43.2 | 1.3 | 3.5 | 13.8 | 10.2 | 11906.3 | 21.4 | 918.4 | 31.9 | 104.3 | 34.4 |
| R R Kabel Ltd. | 2518.2 | 28482.2 | 46.9 | 0.6 | 2.6 | 19.1 | 10.6 | 9778.8 | 27.5 | 492.2 | 58 | 53.7 | 80.3 |
| Finolex Cables Ltd. | 1458.8 | 22310.8 | 27.9 | 1 | 3.2 | 11.7 | 10.2 | 6486.6 | 17.6 | 713.7 | 1.8 | 52.3 | 29.2 |
| Universal Cables Ltd. | 1451.3 | 5035.3 | 25.1 | 0.4 | 1.5 | 8.9 | 3.8 | 3051 | 25.5 | 163.1 | 82.5 | 57.7 | 71.7 |
Annual
Balance Sheet
Ratios
Cash Flow
Orient Cables annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
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| Indicator | Graph | CAGR 3 Yrs | Mar '26 | Mar '25 | Mar '24 | Mar '23 | Mar '22 |
|---|---|---|---|---|---|---|---|
29.4% | 1,181.6 | 831.9 | 665 | 545.4 | 409.8 | ||
Operating Exp. Ann. | 29.1% | 1,074.6 | 741.1 | 598.9 | 499 | 372.4 | |
Operating Profit Ann. | 29.5% | 97.1 | 83.9 | 58.8 | 44.7 | 36.3 | |
OPM Ann. % | 0.1% | 8.21% | 10.08% | 8.85% | 8.19% | 8.87% | |
29.5% | 1,108.3 | 760.2 | 610.6 | 510.7 | 382.2 | ||
EBITDA Ann. | 32.2% | 107.1 | 90.8 | 66 | 46.4 | 37.3 | |
EBITDA Ann. margin % | 2.1% | 9.06% | 10.91% | 9.93% | 8.51% | 9.11% | |
Interest Ann. | 39.7% | 19.1 | 12.5 | 5.6 | 7 | 5.6 | |
Depr. | 45.2% | 14.7 | 6.6 | 6.1 | 4.8 | 4.2 | |
PBT Ann. | 28.3% | 73.3 | 71.7 | 54.4 | 34.7 | 27.6 | |
Tax Ann. | 29.7% | 19.2 | 18.4 | 14.3 | 8.8 | 7 | |
28% | 54.1 | 53.3 | 40.1 | 25.8 | 20.6 | ||
Net Profit Ann. | 28% | 54.1 | 53.3 | 40.1 | 25.8 | 20.6 | |
NPM Ann. % | -1% | 4.61% | 6.46% | 6.09% | 4.75% | 5.04% | |
EPS Adj. latest Ann. | 27.8% | 4.8 | 4.7 | 3.5 | 2.3 | 1.8 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
42%
2Y CAGR
33.3%
3Y CAGR
29.4%
Net Profit Ann.
1Y CHG
1.5%
2Y CAGR
16.2%
3Y CAGR
28%
Operating Exp. Ann.
1Y CHG
45%
2Y CAGR
34%
3Y CAGR
29.1%
Orient Cables INFORMATION ON IPO ISSUE
About Orient Cables
Orient Cables was incorporated on September 15, 2005. The company has been manufacturing networking cables and passive networking equipment for nearly two decades, serving high-growth sectors like telecom, data centres, renewable energy, and smart building systems. Its product range includes networking cables, specialty power solutions, optical fibre cables, and allied products
Object of the Issue
- Funding of capital expenditure requirements of the company towards purchase of machinery, equipment and civil works at their manufacturing facilities
- Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the company
- General corporate purposes
Orient Cables - PROMOTERS
| Name |
|---|
| Vipul Nagpal |
| Garima Nagpal |
| Vardaan Nagpal |
Orient Cables - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Vipul Nagpal | Chairman & Managing Director |
| Garima Nagpal | Whole-time Director |
| Vardaan Nagpal | Whole-time Director |
| Anil Gupta | Non-Executive, Independent Director |
| Rohit Himatsingka | Non-Executive, Independent Director |
| Manu Narang Wadhwa | Non-Executive, Independent Director |
Orient Cables Book Running Lead Manager
IIFL Capital Services Limited
orientcables.ipo@iiflcap.com
JM Financial Limited
orientcables.ipo@jmfl.com
Orient Cables Registrar to the Offer
KFin Technologies Limited
orient.ipo@kfintech.com
Orient Cables Strengths
In-house capabilities
The company’s manufacturing facilities feature modern infrastructure, including dust-proof flooring, power backups, solar panels, and efficient material flow systems. Key machinery includes high-speed cabling lines, extrusion lines, braiding machines, E-beam for cable treatment, and robotic assembly for keystone jacks
Strength
Client relationship
With nearly two decades of operations, the company has built long-term relationships with clients across multiple industries. Its consistent ability to meet stringent customer requirements has helped secure repeat and new business in a high-entry-barrier industry, serving telecom leaders, MNCs, and global IT solution providers
Strength
Strong balance sheet
The company has operated for over a decade with a strong balance sheet and stable cash flows. It has grown organically from a single-product to a multi-product manufacturer, showing sustained growth in revenue, profit after tax, and balance sheet strength over the last three fiscals
Strength
Orient Cables Risks
Quality risks
The company is exposed to risks from product defects that could lead to liability claims causing injury or property damage. Failure by the company or its suppliers to meet regulatory or customer-imposed quality standards may adversely affect its business, financial condition, operations, and cash flows
Risk
Capital intensive
The company requires continuous working capital due to credit-based sales and inventory needs. Delays in receivables collection may strain cash flows and impact operations, especially during economic downturns or customer-specific issues
Risk
Competition
The company faces strong competition from domestic and international players such as RR Kabel, Polycab, Finolex, Havells, and others, who may gain market share through lower pricing or advanced technology. This could impact the company’s growth and profitability
Risk
IPO FAQs
This IPO consists of an offer for sale of up to Rs 232.0 crore, of 8,529,411 shares. It also consists of a fresh issue of Rs 320.0 crore.
The promoters of the company are Vipul Nagpal, Garima Nagpal and Vardaan Nagpal.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 258.0 - 272.0.
The IPO application opens on Sep 25, 2026 and closes on Sep 29, 2026.
The minimum lot size for the IPO is 55. The maximum lot size for the IPO is 715.
For all category investors, the minimum application amount for this IPO is Rs. 14,190.0, the maximum value for this IPO is Rs 194,480.0.
This IPO will be allotted on Sep 30, 2026.
The refund will be credited to your account on Oct 01, 2026.
The allotted shares will be credited to your demat on Oct 01, 2026.
Orient Cables (India) Ltd.’s shares will list on the stock exchanges on Oct 05, 2026.