What’s new

• FY26 revenue grew 67% to ₹235 cr, with EBITDA margin at 10%.
• Guided for 40-45% annual revenue growth over FY27-28.
• Expects margins to stay at 10-11% in FY27, improving to 12-13% from FY28.

Why it matters

Prime Cable is growing its top line fast, but profitability is lagging. The promised margin improvement hinges on a medium-voltage capacity ramp that is still two years out.

What we’re watching

• Execution of the 40-45% growth guide against the ₹191 cr order book.
• Whether the medium-voltage ramp delivers the promised margin step-up.
• How EBITDA margins hold in FY27 as the company spends to add capacity.

The full read

Prime Cable Industries put up 67% revenue growth in FY26, taking the top line to ₹235 crore. The margin, however, was flat at 10%. Management guided for 40-45% annual growth in FY27-28, backed by a ₹191 crore order book. But it expects EBITDA margins to stay at 10-11% for another year. The uplift to 12-13% is pinned on a medium-voltage cable capacity ramp that is still two years away. The company is scaling its top line without yet becoming more profitable. Not yet. The strategic bet is on higher-margin products. The timeline is long.

Primary source: NSE