We use cookies for analytics and ads to improve your experience. You can accept or decline. See our Privacy Policy.
Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

Valuation
Financials (FY2024)
Investment Thesis
Central Cables Limited is a decades-old cable and wire manufacturer based in Nagpur with a diversified product range. While it benefits from India's infrastructure growth tailwinds, its small scale, limited public disclosures, and intense competition from large listed peers constrain its investment attractiveness. The unlisted nature and thin liquidity add further risk for investors.
Pros
Cons
Business Segments
Power Cables
Manufacturing of armoured and non-armoured power cables including extra high tension shielded cables for power transmission and distribution.
Communication Cables
Production of telephone cables, telegraph cables, and signalling cables for telecom and railway applications.
Wires & Conductors
Manufacturing of enamelled wires and conductors used in motors, transformers, and other electrical equipment.
Revenue Model
Central Cables Limited generates revenue by manufacturing and selling a range of electrical cables, wires, and conductors to utilities, infrastructure companies, telecom operators, and industrial customers. Revenue is primarily product-sale driven, with pricing linked to copper and aluminium commodity costs.
Detailed Analysis
Growth Plans
India's increasing power infrastructure investments and rural electrification programs could drive demand for power cables.
Growing telecom and railway infrastructure spending could support demand for communication and signalling cables.
Industry Tailwinds
India's increasing power infrastructure investments and rural electrification programs could drive demand for power cables.
Recent Developments
Company maintains Active status in MCA records. Financial data beyond FY2014 not prominently available in public databases.
OngoingComparable Companies
Frequently Asked Questions
About Central Cables
Central Cables Limited is a Nagpur, Maharashtra-based cable manufacturer incorporated on 29 January 1981 under the Companies Act (CIN: L31300MH1981PLC023772). Registered at 5 Temple Road, Civil Lines, Nagpur — one of the city's most established residential and commercial neighbourhoods — the company manufactures insulated wires and cables for electrical applications. The company's NIC classification covers 'manufacture of insulated wire and cable' including insulated (and enamelled or anodized) wire, coaxial cables, and other insulated conductors. This segment includes a broad range of products from simple electrical wiring to specialty cables for industrial applications. Nagpur is strategically located at the geographical centre of India and is an important industrial city in Maharashtra's Vidarbha region. The city has a significant manufacturing base and serves as a major logistics hub given its position on India's road and rail networks. Cable manufacturers in Nagpur benefit from central location for pan-India distribution. Available financial data (FY2014) showed revenues in the ₹1-100 crore range, though this data is over a decade old. More recent financial performance is not clearly available in public databases. The company's continued active status suggests ongoing operations, though current scale is uncertain. The Indian wire and cable industry has seen significant consolidation around large players like Polycab India (₹17,000+ Cr revenue) and KEI Industries. Smaller manufacturers like Central Cables face competitive pressure from these scale players, though regional and specialised product niches can remain viable.
Key Milestones
Incorporated in 1981 in Maharashtra as a Public Limited Company
Common questions about unlisted shares
You buy from and sell to the wisefolio desk — shares route through the desk's demat, money-in before shares-out.
You enquire
· Takes 2 minutesTell us the company and quantity you want. Share your demat details so we can settle directly into your account.
We source & quote
· Typically within 1 business dayOur desk sources the shares and comes back with a firm price and an allocation for the quantity available.
You accept the allocation
· Quote valid for 3 daysReview the price, quantity and total. Accept to lock the allocation. The quote is valid for a short window before it needs re-pricing.
You transfer the funds
· Pay within 2 days of acceptingPay by direct bank transfer to the desk's published account — never to a personal account. We confirm receipt and begin the transfer.
Shares reach your demat
· Usually credited within 2–3 business daysOnce payment is verified, the shares are transferred from the desk's demat into yours, and you receive a transfer confirmation.
A principal desk for unlisted & pre-IPO shares — you transact with us, not a stranger.
You enquire
Takes 2 minutes
We source & quote
Typically within 1 business day
You accept the allocation
Quote valid for 3 days
You transfer the funds
Pay within 2 days of accepting
Shares reach your demat
Usually credited within 2–3 business days
Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
Growing telecom and railway infrastructure spending could support demand for communication and signalling cables.
Industry Headwinds
Inability to scale against larger, better-capitalised competitors like Polycab and KEI Industries.
Sustained commodity price increases compressing margins without corresponding ability to pass on costs.
Financial data only available to FY2014 — current scale unknown
Source: AlphaHub Research
Faces intense competition from large-scale cable manufacturers
Source: AlphaHub Research
Cable manufacturers are heavily exposed to copper and aluminium price volatility, which directly impacts raw material costs and margin compression.
Highly fragmented and competitive industry dominated by large listed players like Polycab (market cap ~₹60,000 Cr) and KEI Industries, making it difficult for smaller players to compete on price and scale.
As an unlisted company with low trading volumes and a low share price of ₹73, exit liquidity for investors is limited.
POLYCAB · ~60,000 Cr
PE: ~40xx
KEI · ~25,000 Cr
PE: ~45xx
FINCABLES · ~9,000 Cr
PE: ~25xx
HAVELLS · ~90,000 Cr
PE: ~65xx
Registered with Registrar of Companies, Mumbai under CIN L31300MH1981PLC023772
Operates manufacturing facilities in Nagpur, Maharashtra
Be the first to discuss Central Cables — share your research, ask questions, or compare notes with other investors.