R R Kabel LtdNSE:RRKABEL
Current view Q1 2027
Makes house and industrial wiring, 90% of sales. Cable volumes grew 25% against an industry at 10-12% and segment margin hit 9.9%, clearing the whole FY27 target in the first quarter with no inventory gain, on 28% return on capital and a self-funded ₹1,200 cr build. But 54% headline growth sits on 17% volume.
Latest exchange filings last 5 · 5 after Q1 2027
- 16 Sep ’26India Ratings upgraded R R Kabel’s facilities to IND AA/Stable/IND A1+ for ₹13,040 million; assigned same rating to ₹30,000 million. ↗
- 16 Sep ’26R R Kabel to meet analysts/investors on 28-29 September 2026 in Mumbai. ↗
- 16 Sep ’26R R Kabel schedules analyst/investor plant visit at Waghodia, Vadodara on 23 September 2026. ↗
- 15 Sep ’26Commercial production began on 15 September 2026 at Silvassa Unit 3; 18,000 MT annual capacity planned. ↗
- 29 Aug ’26R R Kabel received DGGI GST demand notice for ₹13.19 crore plus interest and penalty, dated 27 August 2026. ↗
Exchange filings, with the company's own one-line summary, read off the same page as the figures. Screener publishes only the most recent few, so this is the last 5 — not everything filed since your note, and a quiet-looking list is not proof of a quiet quarter. A filing is marked new when it is dated after the end of the quarter your note covers. Not scored, and not a judgement — a routine repayment notice and a takeover sit in the same list.
How this view changed
AI concall report · Q1 2027
The full earnings-call read behind this view — what management promised, what they delivered, and the earning trigger.
Growth Q1 2027
| Metric | This year vs lastYoY · vs Q1 2026 | vs the quarter beforeQoQ, sequential · vs Q4 2026 | 3-year yearly average3Y CAGR · compounded | 5-year yearly average5Y CAGR · compounded |
|---|---|---|---|---|
| Sales | ▲ +53.9% | +6.9% | +20.2% | +29.0% |
| Operating profit | ▲ +99.3% | +8.0% | +32.3% | +26.6% |
| EPS | ▲ +128.8% | +22.2% | +29.9% | −5.1% |
| PAT | ▲ +127.8% | +22.0% | — | — |
Tinted rows drive the Tier. Tier = the weaker of YoY Sales and YoY PAT growth. Here the weaker is Sales at +53.9%, which is ≥ 20% → Tier 1.
QoQ is sequential, not a trend. For most Indian companies the March quarter is seasonally the largest, so a June-quarter fall against it is a calendar effect. Only the YoY column feeds the Tier.
Multibagger potential
Good70/100
Cheap, and growing fast. Profit per share grew 30% a year, while the price-tag on its earnings actually got smaller. That gap — real growth nobody has paid up for — is exactly what this score looks for.
₹2,460 → ₹4,920 needs the P/E at 42× — it is 46× today, and has ranged 32× to 88× over the last 5 years. The rest would come from earnings growing as they have.
What you pay for its profitlog scale · 5-year range
Tripling needs 63× — it has traded there — high was 88×.
At ₹2,815 the price-tag on its earnings reaches the 52× it is being projected toward — the point where being cheap against that yardstick is used up.
Growth still unpaid, one leg weaker. Worth the concall read.
How this is calculated
This is arithmetic, not a forecast — Return = ΔEPS × ΔMultiple. It says what would have to be true, not how likely it is, and "earnings keep growing at this rate for three more years" is the assumption doing the most work. This is a mid-cap at ₹27,136 cr, so the odds of a re-rate are not fighting its own size.
Growth rate used: 29.9% — the weakest of EPS / Sales / Op-profit from 3-year EPS CAGR. Latest quarter reads 60%.
How it compares with its rivals Wires & Cables · 6 of 22 listed
It earns 28% on its capital, third of 6, and it is the second most expensive of the 6 shown.
| Company | Price | P/E | Size | ROCE | Profitlast qtr | Saleslast qtr |
|---|---|---|---|---|---|---|
| R R Kabel | ₹2,423 | 44.8× | ₹27,407 Cr | 28.1% | +117.3% | +53.9% |
| Polycab India | ₹8,321 | 43.8× | ₹1.25 L Cr | 33.2% | +32.5% | +39.0% |
| KEI Industries | ₹4,564 | 43.7× | ₹43,633 Cr | 20.1% | +40.0% | +23.0% |
| Finolex Cables | ₹1,406 | 26.8× | ₹21,496 Cr | 16.0% | +53.1% | +44.3% |
| KSH Internationa | ₹1,040 | 53.8× | ₹7,047 Cr | 21.5% | +86.2% | +108.4% |
| V-Marc India | ₹345 | 43.2× | ₹5,058 Cr | 41.4% | +163.6% | +102.4% |
Screener's own peer group, from the request already made for the industry P/E. It serves the industry's largest names by market cap, not companies of a similar size, so treat this as context rather than a like-for-like table; this company is always shown. On a phone the price, size and sales columns are dropped rather than pushed off the edge. Not part of the score.
Business quality to Jun 2026
| Are the margins widening? | yes — a little wider than 3 years earlier | operating margin 7% → 9% over 3 years |
|---|---|---|
| Did the profit turn into cash? | most of it arrived as cash | 57% last year, 91% over three · free cash flow ₹7 cr, positive in 5 of 5 years |
| Is the growth borrowed? | lightly borrowed | ₹337 cr — 0.13× its own equity (was 0.13×) |
| Is it being collected? | collection is steady | 37 days to collect, down 2 in a year · cash cycle 56 days |
| Who has been buying? | the promoters have held steady | promoters 61.4% (−0.4 in a year), 62.8% → 61.4% over 2.8 years · FIIs 10.7% (+2.1) · DIIs 11.9% (−1.8) · shareholders 1,89,668 → 1,43,418 |
| What does it earn on its capital? | earns a high return on the capital it employs | ROCE 28.1% · ROE 21.3% |
Fetched from the filings, not typed — and deliberately not part of the score. These are the questions the score cannot ask: it reads growth, price and trend, so a company can score well while its profit never becomes cash. Weigh these beside the note, not against the number.
Screener's own checklist not mine, not the score
In its favour
- Company is expected to give good quarter
- Company has delivered good profit growth of 30.5% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 22.1%
Against it
- Stock is trading at 10.7 times its book value
Generated by screener.in from a fixed checklist — not written by me and not an input to the score. It is here as a second machine opinion to weigh against the note; where it disagrees with the view above, the note is the considered one.