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Subscribe to Orient Cables India IPO: Strong Growth, Market Share, and Diversified Portfolio
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Moneycontrol•25-09-2026, 10:27
Subscribe to Orient Cables India IPO: Strong Growth, Market Share, and Diversified Portfolio
- •Orient Cables (India) Limited is a B2B manufacturer of networking cables and passive networking equipment with nearly two decades of experience, serving high-growth industries like telecom, data centers, and renewable energy.
- •The company's product portfolio includes networking cables, specialty power cables, optical fiber cables, and EV charging gun cable assemblies, introduced in FY26.
- •Orient Cables is a top-four player in India's networking cables industry, holding an estimated 22.9% market share in FY26, up from approximately 16% in FY22.
- •The company demonstrated strong financial growth with revenue recording a 33.45% CAGR during FY24-FY26, significantly outperforming peers, and reported an ROCE of 23.82% in FY26.
- •Ajcon Global recommends a 'SUBSCRIBE' rating for the IPO, citing established customer relationships, increasing exports, strong manufacturing capabilities, and international certifications supporting long-term growth.
Key Questions Answered
The Orient Cables India initial public offering is valued at Rs 552 crore with a price band set between Rs 258 and Rs 272 per share, and public bidding running from September 25 to September 29, 2026.
At the upper price band of Rs 272, the issue is valued at a P/E multiple of approximately 57.51x based on its FY26 post-IPO earnings per share of Rs 4.73.
Orient Cables manufactures networking cables, specialty power cables, optical fibre cables, cable assemblies, and allied passive networking items. It serves high-growth sectors such as telecommunications, broadband, data centres, renewable energy, and smart building automation.
