Slide 1: Exchange cover letter for investor presentation
Date: 21st May 2026 To, The Manager, Listing and Compliance Department NSE Emerge National Stock Exchange of India Limited Exchange Plaza, Plot No. C-1, G Block, Bandra Kurla Complex, Bandra East, Mumbai – 400051 Symbol Name: PRIMECAB; ISIN: INE0CQA01020 Sub: Investor Presentation under Regulation 3
Slide 2: Investor Presentation FY26 Earnings Update
PRIME CABLE INDUSTRIES LIMITED INVESTOR PRESENTATION FY26 EARNINGS UPDATE
Slide 3: Contents
CONTENTS 01 PERFORMANCE 02 03 04 COMPANY MOATS GROWTH STRATEGY SNAPSHOT OVERVIEW 05 06 07 HISTORIC BUSINESS PERFORMANCE SELECT FINANCIAL INFORMATION INDUSTRY OUTLOOK 2
Slide 4: Performance update - FY26
Performance update - FY26 Capacity utilization and expansion ▪ Narela (Unit 1) and Ghiloth (Unit 2) facilities almost achieved peak utilization in Mar ’26 ▪ New Ghiloth facility(Unit 3) on track for commissioning by end of H1 FY27 49% INR 170.0 crores Regulatory updates Share of non-government Unexe
Slide 5: Revenue split by products - H2FY26 and FY26
Revenue split by products - H2FY26 and FY26 Control cables Power cables Aerial bunch cables Others1 47% 65% 321% 67.4 13.6 27% 62.6 321% 91.3 43% 20% 45.8 48.0 19% 72.0 43.1 8.3 30.3 48.1 5.0 40.1 4.2 14.9 11.4 FY25 FY26 H2FY25 H2FY26 FY25 FY26 H2FY25 H2FY26 FY25 FY26 H2FY25 H2FY26 FY25 FY26 H2FY25
Slide 6: Revenue split by clients - H2FY26 and FY26
Revenue split by clients - H2FY26 and FY26 Government1 Private corporates Revenue mix: Government vs private 221% 14% 115.3 119.6 + 105.1 95% 47% 73.2 71.0 48.4 37.6 35.9 25.6% 25.5% 49.1% = FY25 FY26 H2FY25 H2FY26 FY25 FY26 H2FY25 H2FY26 Total revenue from operations 67% 74.4% 74.5% 234.9 68% 50.9%
Slide 7: Revenue split across sales channel - H2FY26 and FY26
Revenue split across sales channel - H2FY26 and FY26 EPC1 contractors Tenders Direct sales Others 113% 47% 104.7 121.3 -9% 27% 160% 31% 2.0 82.8 0% 68.9 7.6 -23% 1.6 71.2 6.9 49.1 54.5 1.0 1.0 4.0 26.5 3.1 FY25 FY26 H2FY25 H2FY26 FY25 FY26 H2FY25 H2FY26 FY25 FY26 H2FY25 H2FY26 FY25 FY26 H2FY25 H2FY2
Slide 8: Revenue split across industry - H2FY26 and FY26
Revenue split across industry- H2FY26 and FY26 Power transmission Power distribution Power generation Power consumption 63% 196% 85.4 -22% -10% 107.3 284% -16% 14% 77.0 38.7 13.4 20% 52.6 12.1 30.1 27.2 37.0 23.0 32.5 7.2 6.0 36.3 20.1 FY25 FY26 H2FY25 H2FY26 FY25 FY26 H2FY25 H2FY26 FY25 FY26 H2FY25
Slide 9: Contents
CONTENTS 01 PERFORMANCE 02 03 04 COMPANY MOATS GROWTH STRATEGY SNAPSHOT OVERVIEW 05 06 07 HISTORIC NBUSINESS PERFORMANCE SELECT FINANCIAL PERFORMANCE INDUSTRY OUTLOOK 8
Slide 10: Positioning across India's power transmission and distribution ecosystem
Positioning across India’s power transmission and distribution ecosystem Generation Transmission Distribution Consumption Generation of power from High voltage wires/conductors Conversion and distribution in Consumption of electricity multiple sources measured in carrying electricity across long low
Slide 11: Institutional-focused cables and wires manufacturer with certified capabilities
Institutional-focused cables and wires manufacturer with certified capabilities and diversified infrastructure exposure ▪ Integrated cables and wires manufacturer catering to India’s infrastructure and industrial ecosystem Key operating metrics ▪ Trusted partner to institutional clients on the back
Slide 12: Over 17 years of experience in cable and wire manufacturing
Over 17 years of experience in cable and wire manufacturing Converted from private company into public company Mr. Purshotam Singla Launched a new unit in DSIDC Commenced setting up of Got NABL certification for in-house established a proprietorship firm in Narela, Delhi, covering 3,767 sq. ft. Manu
Slide 13: Comprehensive wires and cables portfolio
Comprehensive wires and cables portfolio LV Power Cables Control Cables Aerial Bunched Cables MVCC - Medium Panels/House Wires ACSR Conductor Viltage Covered Conductor Solar DC Cables Instrumentation HT Cables Cables 12
Slide 14: Diversified portfolio unlocking large, multi-segment market opportunity
Diversified portfolio unlocking large, multi-segment market opportunity Control cables Power cables Aerial bunch cables Others ▪ Used in electrical systems with ▪ Used for transmission of ▪ Used for power distribution in ▪ Used to transmit analog signals multiple functionalities electrical power tou
Slide 15: Well-diversified revenue pool with significant headroom for geographic expansion
Well-diversified revenue pool with significant headroom for geographic expansion 3.8% Punjab Uttar Pradesh 5.4% 8.7% Rajasthan Bihar 23.2% 5.3% Gujarat Orissa 4.7% 7.1% Madhya Pradesh Karnataka 12.9% 4.8% Telangana Tamil nadu 7.8% Revenue share > 3% Revenue share < 3% Top states drive most of the re
Slide 16: Integrated manufacturing and robust infrastructure (1/2)
Integrated manufacturing and robust infrastructure (1/2) WAREHOUSE 1 Narela, Delhi UNIT 1 Capacity AREA AREA 3,767 sq.ft. Narela, Delhi 13,000 kms 3,767 sq.ft. Peak revenue 60 cr. Peak utilization 85% FY26 revenue 48 cr FY26 utilization 68% Mar '26 revenue 5 cr Mar '26 utilization 85% UNIT 2 WAREHOU
Slide 17: Integrated manufacturing and robust infrastructure (2/2)
Integrated manufacturing and robust infrastructure (2/2) End-to-end manufacturing capabilities Advanced testing and quality Scalable infrastructure and capacity ▪ Comprehensive in-house processes infrastructure ▪ Equipped with modern machinery to support including: ▪ In-house testing laboratories ac
Slide 18: Contents
CONTENTS 01 PERFORMANCE 02 03 04 COMPANY MOATS GROWTH STRATEGY SNAPSHOT OVERVIEW 05 06 07 HISTORIC BUSINESS PERFORMANCE SELECT FINANCIAL INFORMATION INDUSTRY OUTLOOK 17
Slide 19: Strong institutional relationships driving repeat business
Strong institutional relationships driving repeat business Established relationships with institutional clients ▪ Long-standing partnerships with electricity boards, EPC players, and PSUs ▪ Trusted supplier for critical power and infrastructure applications ▪ Relationships built on consistent produc
Slide 20: Trusted by leading power, energy and infrastructure players (1/2)
Trusted by leading power, energy and infrastructure players (1/2) Power and energy companies Oil, gas and PSU giants Engineering, metals and manufacturing 19 Note: Selected customer relationships showcased; not an exhaustive list of customers.
Slide 21: Trusted by leading power, energy and infrastructure players (2/2)
Trusted by leading power, energy and infrastructure players (2/2) Infrastructure and EPC companies State power transmission and generation 20 Note: Selected customer relationships showcased; not an exhaustive list of customers.
Slide 22: Strong vendor approvals and tender qualification advantage
Strong vendor approvals and tender qualification advantage ▪ Approved vendor with state transmission and distribution Vendors utilities, DISCOMs, and PSUs across multiple states Extensive vendor approvals ▪ Eligible to participate in projects directly and through EPC across government ecosystem cont
Slide 23: Extensive state authority approvals across 20 states
Extensive state authority approvals across 20 states, enhancing market reach Jammu and Kashmir Uttarakhand Punjab Delhi Haryana Uttar Pradesh Rajasthan Bihar Gujarat Assam Madhya Pradesh Meghalaya Maharashtra West Bengal Telangana Jharkhand Karnataka Orissa Andhra Pradesh Chhatisgarh Approvals from
Slide 24: Stringent quality systems and certified manufacturing
Stringent quality systems and certified manufacturing End-to-end quality Advanced testing Comprehensive Global quality control systems infrastructure certifications and recognition compliance ▪ Integrated manufacturing with ▪ Equipped with in-house testing ▪ Manufacturing units certified ▪ Internati
Slide 25: NABL accreditation as a strategic enabler for high-barrier market access
NABL accreditation as a strategic enabler for high-barrier market access ▪ In-house national accreditation board for testing and calibration laboratories (NABL) certification ensures globally accepted testing standards ▪ Mandatory (or preferred) for qualifying in government and institutional tenders
Slide 26: Differentiated positioning in a competitive market
Differentiated positioning in a competitive market 1 Operating in a large, fragmented industry ▪ Indian cables and wires market characterized by high fragmentation with 100+ manufacturers ▪ Presence of multiple regional and mid-sized players catering to localized markets ▪ Focus on B2B and instituti
Slide 27: Leaders behind our growth story
Leaders behind our growth story Purshotam Singla Nikunj Singla Promoter and MD Promoter and Whole Time Director Purshotam Singla is the promoter and managing director of our Nikunj Singla is the promoter and whole-time director of the Company. He has been associated with our Company since company, a
Slide 28: Contents
CONTENTS 01 PERFORMANCE 02 03 04 COMPANY MOATS GROWTH STRATEGY SNAPSHOT OVERVIEW 05 06 07 HISTORIC BUSINESS PERFORMANCE SELECT FINANCIAL INFORMATION INDUSTRY OUTLOOK 27
Slide 29: Expanding market presence and customer reach
Expanding market presence and customer reach Deepen presence with existing institutional clients ▪ Leverage long-standing relationships with electricity boards, EPC players, and PSUs ▪ Increase wallet share by supplying higher-value and higher-margin products ▪ Cross-sell new offerings (e.g., Medium
Slide 30: Product expansion and moving up the value chain
Product expansion and moving up the value chain Diversify product portfolio Capacity expansion to support growth ▪ Track record of expanding from PVC cables to XLPE ▪ Increased capacity from 15,000 KMs (FY22) to 34,000 KMs cables to ABC to conductors (FY26) ▪ Continued focus on broadening product of
Slide 31: Strategic capacity expansion: New manufacturing unit
Strategic capacity expansion: New manufacturing unit Project details | New manufacturing unit 98,900 sq. ft. land | 50,000 sq. ft. built-up area Focus on medium voltage (MV) cables (up to 33 kv) Installed capacity: 5,000 kms per annum by the end of H1 FY27 and 8000+ kms per annum by Q1 FY28 Capex ov
Slide 32: Contents
CONTENTS 01 PERFORMANCE 02 03 04 COMPANY MOATS GROWTH STRATEGY SNAPSHOT OVERVIEW 05 06 07 HISTORIC BUSINESS PERFORMANCE SELECT FINANCIAL INFORMATION INDUSTRY OUTLOOK 31
Slide 33: Historic business performance (1/2)
Historic business performance (1/2) Revenue from operations EBITDA Profit after tax (PAT) 234.9 23.5 12.3 141.0 14.6 7.4 82.5 4.9 1.8 FY24 FY25 FY26 FY24 FY25 FY26 FY24 FY25 FY26 Capacity utilization EBITDA margin PAT margin 55% 5.2% 5.2% 41% 10.4% 10.0% 36% 6.0% 2.2% FY24 FY25 FY26 FY24 FY25 FY26 F
Slide 34: Historic business performance (2/2)
Historic business performance (2/2) Return on equity(ROE) Debtor days Inventory days 85 75 67.8% 68 65 62 57 32.7% 28.9% FY24 FY25 FY26 FY24 FY25 FY26 FY24 FY25 FY26 Return on capital employed(ROCE) Cash conversion cycle Net debt to equity ratio 94 4.6 81 73 53.8% 42.8% 2.5 26.2% 0.6 FY24 FY25 FY26
Slide 35: Contents
CONTENTS 01 PERFORMANCE 02 03 04 COMPANY MOATS GROWTH STRATEGY SNAPSHOT OVERVIEW 05 06 07 HISTORIC BUSINESS PERFORMANCE SELECT FINANCIAL INFORMATION INDUSTRY OUTLOOK 34
Slide 36: Income statement
Income statement ₹ crores unless otherwise mentioned Particulars H2 FY25 H2 FY26 YoY Change FY24 FY25 FY26 YoY Change Revenue from operations 84.9 144.2 70% 82.5 141.0 234.9 67% Cost of materials and services consumed, including finished goods and WIP 71.5 122.1 71% 71.7 117.5 198.1 69% Employee ben
Slide 37: Balance sheet
Balance sheet ₹ crores unless otherwise mentioned ₹ crores unless otherwise mentioned Equity and Liabilities FY24 FY25 FY26 Assets FY24 FY25 FY26 Equity capital 0.6 6.9 9.2 Non-current assets Reserves and Surplus 6.5 7.7 51.6 Tangible assets 17.2 21.4 38.9 Total shareholders equity 7.1 14.6 60.8 Int
Slide 38: Cash flow statement
Cash flow statement ₹ crores unless otherwise mentioned Particulars FY24 FY25 FY26 A Cash flow from operating activities Profit before tax 1.6 10.1 16.6 Add: Non-cash and non-operating adj. 3.2 4.8 5.1 Add/Less: Working capital changes -3.5 -12.2 -30.9 Less: Direct taxes paid -0.1 0.8 -3.9 Net cash
Slide 39: Contents
CONTENTS 01 PERFORMANCE 02 03 04 COMPANY MOATS GROWTH STRATEGY SNAPSHOT OVERVIEW 05 06 07 HISTORIC BUSINESS PERFORMANCE SELECT FINANCIAL INFORMATION INDUSTRY OUTLOOK 38
Slide 40: India cables market overview: Size, structure and growth trajectory
India cables market overview: Size, structure and growth trajectory India cables market (INR 91,344.1 cr., CY24) CY30F: INR 2,11,921.1 Cr. (CAGR 15.1%) By cable voltage By Cable type Low voltage (LV) 15.8% 23.7% 16.9% Manages low voltage electricity 68.9% (below 1.1 kV) Used for overhead Transmit el
Slide 41: Structural demand tailwinds driving multi-year growth in Indian cables (1/3)
Structural demand tailwinds driving multi-year growth in Indian cables (1/3) Power infrastructure transformation India transmission and distribution substation capacity in MVA ▪ Ongoing grid modernization, smart metering, and loss reduction 2,944,995 initiatives ▪ Expansion of transmission and distr
Slide 42: Structural demand tailwinds driving multi-year growth in Indian cables (2/3)
Structural demand tailwinds driving multi-year growth in Indian cables (2/3) Infrastructure and real estate expansion India real estate market in USD billion ▪ Continued build-out across roads, railways, ports, and urban 1,000 infrastructure ▪ Strong growth in residential and commercial real estate
Slide 43: Structural demand tailwinds driving multi-year growth in Indian cables (3/3)
Structural demand tailwinds driving multi-year growth in Indian cables (3/3) Digital and data infrastructure India data center capacity in megawatt and capacity utilization in % ▪ Expansion of data centers, cloud infrastructure, and telecom 2,500 110% networks 105% 1,950 2,000 96% 100% ▪ 5G rollout
Slide 44: Safe harbor statement
Safe harbor statement This presentation and the accompanying slides (the “Presentation”), which have been prepared by Prime Cable Industries Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscr
Slide 45: Thank you
Thank you For further information, please contact: COMPANY PRIME CABLE INDUSTRIES LIMITED Mr. Naman Jain Chief Financial Officer compliance@primecabindia.com INVESTOR RELATIONS CONSULTANT Meeting Request Link Link NEOATLAS CAPITAL ADVISORY LLP Research Team Mr. Rutul Shah +91 63549 47366 +91 82002 4