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Jigar Cables Ltd

NSE: BSE: 540651

65.85

(-6.99%)

Tue, 03 Mar 2026, 00:16 pm

Jigar Cables Analysis

dividend

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Pros

  • Dividends paid are well covered by earnings (4.4x coverage).
  • Jigar Cables's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.76%).
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Cons

  • Jigar Cables only just started paying a dividend, it is too early to tell if payments are increasing.
  • It is too early to tell whether Jigar Cables has stable dividend payments.
  • Jigar Cables's dividend is below the markets top 25% of dividend payers in India (3.08%).

health

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Pros

  • Jigar Cables is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Jigar Cables is profitable, therefore cash runway is not a concern.
  • Jigar Cables is profitable, therefore cash runway is not a concern.
  • Debt is covered by short term assets, assets are 3.7x debt.
  • Jigar Cables's cash and other short term assets cover its long term commitments.
  • The level of debt compared to net worth has been reduced over the past 5 years (395.9% vs 26.4% today).
  • Interest payments on debt are well covered by earnings (EBIT is 18.6x coverage).
  • Jigar Cables's level of debt (26.4%) compared to net worth is satisfactory (less than 40%).
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Cons

  • Operating cash flow is negative therefore debt is not well covered.
  • High level of physical assets or inventory.

management

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Pros

  • The tenure for the Jigar Cables board of directors is about average.
  • Vijay's remuneration is lower than average for companies of similar size in India.
  • Vijay's compensation has been consistent with company performance over the past year, both up more than 20%.
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Cons

    misc

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    Pros

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      Cons

      • Jigar Cables is not covered by any analysts.
      • Jigar Cables's last earnings update was 216 days ago.
      • Jigar Cables has significant price volatility in the past 3 months.

      past

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      Pros

      • Jigar Cables has delivered over 20% year on year earnings growth in the past 5 years.
      • Jigar Cables's earnings growth has exceeded the IN Electrical industry average in the past year (35.4% vs 11.7%).
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      Cons

      • Jigar Cables's 1-year earnings growth is less than its 5-year average (35.4% vs 47.1%)
      • Jigar Cables used its assets less efficiently than the IN Electrical industry average last year based on Return on Assets.
      • Jigar Cables's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
      • Jigar Cables has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).

      value

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      Pros

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        Cons

        • Jigar Cables's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
        • Jigar Cables's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
        • Jigar Cables is overvalued based on assets compared to the IN Electrical industry average.
        • Jigar Cables is overvalued based on earnings compared to the IN Electrical industry average.
        • Jigar Cables is overvalued based on earnings compared to the India market.
        • 540651 underperformed the Electrical industry which returned -33.5% over the past year.
        • 540651 underperformed the Market in India which returned -14.5% over the past year.
        • BSE:540651 is up 5.7% underperforming the Electrical industry which returned 9.3% over the past month.
        • BSE:540651 is up 5.7% underperforming the market in India which returned 8% over the past month.

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        Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800