Sep 2026 · Announcement under Regulation 30 (LODR)-Acquisition 25 Sep - R R Kabel executed BTA on 25 Sep 2026 to acquire UMCL’s business undertaking via slump sale.
Source: Bse
Industrials stocks · Large cap · NSE
R R Kabel Limited manufactures wires and cables, and fast-moving electrical goods (FMEG). The Wires & Cables segment is the primary revenue driver, with a growing focus on B2B and export markets. The FMEG segment is targeted for profitability improvement.
SMA20 -1.9% / mo · MACD −
Latest mapped FPI equity flow was not positive. View sector evidence
Today's candle is provisional from the latest intraday quote; completed-candle scans remain unchanged.
Adjusted completed-session prices, rebased to 100
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is consistent.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Revenue +53.9% · PAT +127.8% YoY
Price trend and sector-relative-strength timing.
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Financial-only signal; management claim evidence is not sufficient yet.
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Rev +54% YoY · PAT +128% YoY · margin expansion · +7% QoQ · operating leverage
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹3,168 Cr | +53.9% | +6.9% |
| EBITDA | ₹283 Cr | +99.3% | +8.0% |
| Operating margin | 9.0% | +200 bps | +0 bps |
| PAT | ₹205 Cr | +127.8% | +22.0% |
| PAT margin | 6.5% | +210 bps | +80 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Updated 20/10/2026
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Trend is weak — long-term uptrend intact. RSI 35.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
U-Score 53 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Top U-Score contributors and drags from the latest stored fundamentals.
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
12 stored score snapshots. Latest stored move: +0 points.
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Growth engines, risks, management commitments and evidence-backed delivery
RR Kabel reported highest ever Q4 and FY26 revenue, up 33.7% YoY and 27.6% YoY respectively. Wires & Cables drove growth with 36.3% YoY in Q4. EBITDA and PAT also saw strong YoY growth, supported by operating leverage and cost management.
Management remains on track for 'Project RRise' targets of 18% W&C CAGR and 2.5x EBITDA growth by FY28, despite FMEG breakeven delay to FY27 and short-term export disruptions. Strong W&C performance and strategic capex support the long-term growth narrative.
Latest issuer-disclosed distribution across 2 reported categories.
Domestic business showed healthy growth, supported by wide distribution network and strong brand equity.
Export growth remained encouraging despite Middle East disruption, benefiting from global presence and diversified market reach.
Company continues to focus on scaling its B2B business by strengthening availability and distribution, particularly in cables.
Planned capex is primarily focused on expanding cable capacity to support higher volumes and faster execution of orders.
INR1,200 crores capex program for FY26 to FY28 is progressing as planned, with INR300 crores invested in FY26.
Major expansion will occur in FY27. New capacity will enable production up to 220 KV cables, completed by FY28.
Management states that few capacities will be added every six months, not in one overnight big addition.
India continued to benefit from steady demand drivers led by infrastructure, housing, and industrial activity.
Industry demand remains supportive, with domestic demand for wires and cables remaining healthy.
Export market continued to perform well, with export demand relatively stronger during the quarter.
Heightened geopolitical tension created uncertainty in global trade conditions and volatility in input costs.
Raw material prices, particularly copper, aluminum, and PVC, remained volatile, adding pressure across the value chain.
Disruption in the Middle East impacted exports, with a higher impact expected in Q1 FY27.
FMEG segment market conditions remained competitive, with demand trends continuing to be selective.
Prolonging war in the Middle East may have a higher impact on Q1 FY27 sales, as physical sales were not possible in March/April.
Volatility in copper, aluminum, and PVC prices, along with currency movement and freight costs, adds pressure.
FMEG breakeven target shifted to FY27 due to lower-than-expected volumes and input cost impact in Q4 FY26.
New players are entering the industry, but management plans to tackle this through quality, business structure, and focus on exports/B2B.
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
The company explicitly reports Q4 and full-year financial results with year-on-year growth percentages for revenue, EBITDA, PAT, and segment-wise performance, indicating YoY is the primary comparison basis.
Q4 FY26: INR2,964.1 crores, up 33.7% YoY. Full-year FY26: INR9,722.4 crores, up 27.6% YoY.
Q4 FY26: INR2,666.4 crores, up 36.3% YoY. Full-year FY26: INR8,763.7 crores, up 31% YoY.
Q4 FY26: INR297.7 crores, up 13.8% YoY. Full-year FY26: INR958.6 crores, up 3% YoY.
Q4 FY26: ~10% (wires mid-single digit, cables high teens). Full-year FY26: ~16%.
Management remains on track for 3-year roadmap targets: 18% CAGR in Wires & Cables, 25% CAGR in FMEG, and 2.5x EBITDA growth.
FMEG losses have reduced, and the company is now targeting to achieve breakeven in FY27.
Management is confident of achieving 10.5% EBIT margins in the Wires & Cables segment by FY28.
Focus remains on strengthening W&C, improving margins through scale and better mix, and moving FMEG towards profitability.
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Wires & Cables Volume Growth | FY26: ~16% | Achieving 16%-18% volume growth in FY27. |
| FMEG Revenue Growth | FY26: 3% YoY | Achieving 20%-25% value growth in FMEG business in FY27. |
| FMEG Breakeven | Losses reduced in FY26 | Achieving breakeven in FMEG segment in FY27. |
| Wires & Cables EBIT Margin | Improved by 130 bps so far | Progress towards 10.5% EBIT margins in W&C segment by FY28. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
The Indian Wires and Cables market size is projected to grow from INR 748 billion in FY23 to INR 1,200 billion by FY27P.
"W&C Market Size (INR Bn) FY23 748, FY27P 1,200"
The Indian Wires and Cables market size is projected to grow from INR 748 billion in FY23 to INR 1,200 billion by FY27P.
"W&C Market Size (INR Bn) FY23 748, FY27P 1,200"
The branded market share in the Wires and Cables segment is projected to increase from 72% in FY23 to 80% by FY27P.
"Branded Market Share (FY23) 72%, Branded Market Share (FY27P) 80%"
The branded market share in the Wires and Cables segment is projected to increase from 72% in FY23 to 80% by FY27P.
"Branded Market Share (FY23) 72%, Branded Market Share (FY27P) 80%"
Project KaRRma 1 aims to double market share and retail outreach in domestic house wires.
"Double market share and retail outreach in domestic house wires"
Project KaRRma 1 aims to double market share and retail outreach in domestic house wires.
"Double market share and retail outreach in domestic house wires"
RR Kabel is well-positioned to benefit from the global shift to the China Plus 1 Policy.
"Well-positioned to benefit from the global shift to China Plus 1 Policy"
RR Kabel is well-positioned to benefit from the global shift to the China Plus 1 Policy.
"Well-positioned to benefit from the global shift to China Plus 1 Policy"
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 100th percentile of the scored universe and 100th percentile within Industrials. No major sub-score weakness stands out.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
overall median 67 · Industrials: 100th pctile, median 68 · Large: 99th pctile, median 73
46 documents have extracted text, but claim history is not strong enough yet.
4 claims extracted · No contradicted claim yet
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Latest exchange and company disclosures found within the past two years.
Source: Bse
Source: Bse
Source: Bse
Source: Bse
Source: Bse
Source: Bse
Source: Bse
Source: Bse
Source: Bse
Source: Bse
Source: Bse
Source: Bse