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Orient Cables Targets ₹3,500 Crore Revenue by FY30 with IPO-Fueled Expansion
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CNBC TV18•25-09-2026, 15:37
Orient Cables Targets ₹3,500 Crore Revenue by FY30 with IPO-Fueled Expansion
- •Orient Cables aims for ₹3,200-3,500 crore revenue by FY30, driven by capacity expansion and asset turnover.
- •The company's ₹550 crore IPO includes a ₹320 crore fresh issue, with ₹150 crore allocated for debt reduction.
- •A ₹91.5 crore investment will fund new plant and machinery at its Bhiwadi facility, expected to boost revenue generation.
- •Orient Cables focuses on broadband IT connectivity and specialized cables, not residential building wires, and holds a 22.9% market share in its segment.
- •The company is growing at a 33.4% CAGR and secured strong anchor book demand from institutional investors for its IPO.
Key Questions Answered
Orient Cables expects to reach a revenue potential of ₹3,200 crore to ₹3,500 crore by the 2029-30 financial year (FY30).
The company will use ₹150 crore of the fresh issue proceeds to pay down borrowings, reducing its debt load to under ₹100 crore, and allocate ₹91.5 crore for plant and machinery at its Bhiwadi, Rajasthan facility.
Orient Cables avoids direct competition in the residential building wire segment, focusing instead on specialized applications like broadband IT connectivity, solar, railways, automotive, Navy, and defense sectors. It holds about a 22.9% market share, ranking among the top four players in its segment.
