• IPO proceeds deployment: Orient Cables is raising ₹320 crore through a fresh issue (part of a ₹552 crore total IPO) to fund a ₹91 crore capital expansion for a new 11-acre plant and repay ₹155 crore of debt.
• Financial performance: In Q1, the company generated ₹489 crore in revenue with an EBITDA margin of 11.2% and a PAT margin of 6.77%, while maintaining net working capital days within 45 to 46 days.
• Manufacturing capacity: The company operates four manufacturing facilities with a combined capacity of 8,95,000 km running at over 70% utilization, supporting a 22% market share in network cabling.
• Product diversification strategy: To reduce reliance on traditional network cabling—which accounts for roughly 66% of revenue—the company is expanding into sunrise verticals such as e-beam irradiated cables, solar junction boxes, and EV charging components.