JD Cables

What JD Cables does

JD Cables Limited, incorporated on 12 June 2015 and headquartered in Kolkata, is an ISO 9001-2015 certified public company (BSE SME, Scrip Code 544524) that manufactures a comprehensive range of low-tension wires, cables, and conductors — specifically LT AB (Aerial Bunched) Cables, LT XLPE Power Cables, LT PVC Power and Control Cables, and bare and insulated copper conductors — at its UNIT I facility in Howrah and UNIT II facility in Dankuni (Hooghly), with further capacity expansion underway through additional land acquisition in Hooghly and procurement of advanced machinery. Manufacturing is supported by an in-house test laboratory performing multi-level quality checks, and the company is an approved vendor for 11+ State Electricity Boards spanning Assam, Odisha, Jharkhand, Bihar, Manipur, Tripura, Arunachal Pradesh, Punjab, Himachal Pradesh, Rajasthan, and West Bengal.

The company earns revenue primarily through direct B2B hardware sales of cables and conductors to State Electricity Boards and domestic EPC contractors (including Ashoka Buildcon, Vikran, Monte Carlo, IRB Infra, Bajel and Polycab), with pricing negotiated per work order or tender rather than via published rate cards; the FY26 order book stood at ₹515 crore. In December 2025, JD Cables expanded into a second revenue stream — infrastructure development — securing civil and electrical works for the six-laning of the Bihar-Jharkhand border (Chordaha to Gohar section) of NH-2 under NHDP Phase V, and signalling intent to execute larger Turnkey, EPC, BOT, BOOT, PPP and concession projects across roads, highways and water supply in India and abroad. Customer acquisition is enterprise-field-sales led with inside-sales lead capture via the corporate website, supplemented by public-market investor relations post its September 2025 IPO on the BSE SME platform.

Name

JD Cables

Legal name

JD Cables Limited

Website

https://jdcables.in

Company type

Public

Founded year

2015

Operating status

Operating

Headcount range

251–500 employees

Short description

JD Cables Limited is a Kolkata-headquartered, ISO 9001-2015 certified B2B manufacturer of LT power cables, AB cables, and aluminium/copper conductors, serving State Electricity Boards across 11+ Indian states and domestic EPC contractors; it recently expanded into infrastructure EPC after its September 2025 BSE SME IPO.

Ownership category

akta.pro rank

Headquarters

HQ city

Kolkata

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Power Cable & Conductor Sales: Primary revenue stream from manufacturing and sale of wires, cables, and conductors (AB cables, XLPE power cables, PVC power and control cables, AAAC, ACSR, AAC conductors, service cables). Revenue from operations grew 148.5% to ₹250.33 crore in FY25 vs FY24. Sales are order-driven from EPC contractors and State Electricity Boards.
2. Infrastructure / EPC Project Revenue: New revenue stream (since December 2025) from infrastructure development including civil and electrical works for the six-laning of the Bihar-Jharkhand border (Chordaha to Gohar section) of NH-2 under NHDP Phase V. Future projects planned under Turnkey, EPC, BOT, BOOT, PPP, and concession models in highways and transportation sector both within India and abroad.
3. Contract-based Order Book Revenue: Order-book driven revenue with execution over multi-month timelines. Total order book of ₹515 Crore (FY26) and ₹286 crores (as of Sept 30, 2025). New work orders received in December 2025 and January 2026 for power cable supply to domestic EPC contractors, with execution scheduled by March 2026.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

JD Cables Limited manufactures a comprehensive range of wires, cables, and conductors for low-tension power distribution and overhead transmission, including LT AB Cables, LT XLPE Power Cables, LT PVC Power and Control Cables, and bare and insulated copper conductors. From December 2025, the company expanded its offering to include infrastructure EPC services covering roads, highways, water supply, and other public infrastructure projects under Turnkey, EPC, BOT, BOOT, PPP, and concession models.

Product overview

JD Cables Limited operates as a single-vertical B2B manufacturer of wires, cables, and conductors, supplemented by a newly launched infrastructure EPC services business vertical. The core product portfolio comprises seven distinct product lines: AB Cable, AAAC Conductor, Power Cable (LT XLPE and LT PVC), Service Cable, Control Cable, ACSR Conductor, and AAC Conductor, along with bare and insulated copper conductors. The state-of-the-art manufacturing facility in West Bengal, equipped with modern infrastructure, cutting-edge machinery, and a well-equipped test laboratory, supports production of these cables and conductors. The company is an ISO-certified approved vendor for multiple State Electricity Boards across Assam, Odisha, Jharkhand, Bihar, Manipur, Tripura, Arunachal Pradesh, Punjab, Himachal Pradesh, Rajasthan, and West Bengal. In December 2025, JD Cables expanded its business into Infrastructure EPC Services, executing projects under various contractual models including Turnkey, EPC, BOT, BOOT, PPP, and concession agreements.

Differentiator

Problem solved

Functional benefit

Products and services

• AB Cable

Quantifiable outcome

• Total income grew 45.67% YoY to ₹36,519.36 Lakhs in FY26 (from ₹25,069.51 Lakhs in FY25)
• +6 more outcomes

Named customers11 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Six partnerships are on record, tiered flagship and core.

• National Highway Authority of India (NHAI)flagshipStrategic or Co-development Partner · 1 December 2025JD Cables received a contract under NHDP Phase V for civil and electrical works of the six-laning of NH-2 (Bihar-Jharkhand border, Chordaha to Gohar section). The award was approved by the JD Cables board on 09.02.2026 and shareholder approval was sought at the EOGM on 06.03.2026. Represents the company's flagship entry into infrastructure development.
• MUFG Intime India Private LimitedcoreImplementation/ SI/ Consulting PartnerMUFG Intime India is the Registrar & Share Transfer Agent (RTA) for JD Cables Limited. Registered office at C 101, Embassy 247, L.B.S. Marg, Vikhroli (West), Mumbai – 400083. Contact: Ms. Shanti Gopalkrishnan, +91 810 811 4949. Also party to the RTA Agreement (2_RTA_Agreement_MUFG) and the NSDL/CDSL Tripartite Agreements for dematerialisation.
• Piyush Garodia (Promoter)flagshipOthersChairman & Managing Director and controlling promoter of JD Cables Limited, holding 15,753,314 equity shares (69.86% of total share capital) as of 30.09.2025. Filed no-encumbrance declaration under SEBI SAST Regulations on 10.05.2026 (submitted to BSE on 11.05.2026) confirming no new encumbrances on promoter shareholding.
• Alka Garodia (Promoter Group)Others
• CRISIL Ratings (Monitoring Agency)coreImplementation/ SI/ Consulting PartnerCRISIL is the independent Monitoring Agency for IPO proceeds utilisation. JD Cables' board approved the CRISIL monitoring agency report for Q3FY26 (quarter ended December 31, 2025) at its meeting on 09.02.2026. Also a counterparty to the Monitoring Agency Agreement (9_Monitoring_Agency_JD_Cables_Limited).
• Government of West BengalOthers

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Polycab India Limited: India's largest cable and wire manufacturer with a comprehensive LT/HT cable, conductor, and electrical product portfolio. Directly comparable to JD Cables on core LT cables and conductors; also listed on JD Cables' customer/client logos page. Much larger scale and broader distribution make it the dominant broad incumbent.
• Havells India Limited: Large diversified electrical goods conglomerate with cables, conductors, switchgear and lighting. Overlaps with JD Cables on LT cables and conductors but operates at substantially larger scale and broader product portfolio.
• V-Guard Industries Limited: Indian electrical equipment manufacturer with growing cables and wires vertical alongside inverters, stabilizers, and switchgear. Partial overlap with JD Cables' cable business; broader product portfolio and stronger consumer brand.

Direct peers

• KEI Industries Limited: Indian manufacturer of LT/HT power cables, control cables, instrumentation cables, and house wires. Closely matches JD Cables' product mix of XLPE/PVC power cables and conductors, with overlapping EPC and utility customer base. Comparable mid-cap public cable peer.
• Finolex Cables Limited: Established Indian cable manufacturer producing LT power cables, control cables, and conductors, with strong electrical contractor channel. Overlaps with JD Cables on product portfolio and distribution model targeting utilities and infrastructure projects.
• RR Kabel Limited: Indian manufacturer of LT/HT cables, house wires, and conductors serving utilities, infrastructure, and industrial customers. Direct overlap with JD Cables' product range including XLPE power cables and AAC/AAAC/ACSR conductors. Recently listed peer.
• Dynamic Cables Limited: Smaller Indian manufacturer of LT/HT power cables, control cables, and conductors serving utilities and EPC contractors. Closely comparable scale and product mix to JD Cables, often bidding in the same SEB tender universe.
• Cable Corporation of India Limited: Mid-sized Indian cable manufacturer producing LT/HT XLPE/PVC power cables, control cables, and conductors. Directly comparable product portfolio and SEB customer base to JD Cables.
• Uniflex Cables Limited: Indian manufacturer of power cables, control cables, and specialty cables. Similar size, product mix, and B2B/utility customer orientation to JD Cables; competes in the same Indian state electricity board tender universe.
• Universal Cables Limited: Indian cable manufacturer (Vindhya Telelinks group) producing LT/HT power cables, control/instrumentation cables, and elastomeric cables. Overlapping product portfolio with JD Cables and serves similar utility, industrial, and infrastructure customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about JD Cables