Source: SEBI
What would have to hold for each case — not a price target or a projected figure. CapitSignal does not forecast where this stock trades.
The Indian T&D conductors market continues to grow at the projected CAGR of 5.79%.
The Indian T&D conductors market was valued at INR 102.33 Bn in FY2020 and is projected to reach INR 159.38 Bn by FY2025.
Oswal Cables successfully expands its customer base beyond the top ten clients.
Over 68% of operating revenue came from top ten customers, indicating a risk if customer concentration remains high.
The company secures government contracts consistently, maintaining or increasing the 40-57% revenue derived from government utilities.
Approximately 40-57% of revenue from operations is derived from government utilities through tenders.
The company effectively manages its capital expenditures and maintains positive cash flows.
The company has significant capital expenditure requirements and has invested ₹583.39 million in fixed assets over the last three fiscal years.
The company continues its current trajectory of revenue growth.
Oswal Cables has demonstrated strong financial growth, with revenue from operations of ₹6,354.66 million in Fiscal 2025.
The company maintains its existing customer relationships and repeat business.
80-90% of revenue from operations derived from repeat customers in the preceding three fiscals.
The company manages to keep its operational risks in check without significant disruptions.
The company has not experienced significant time or cost overruns, defaults, or restructuring of borrowings.
The company continues to comply with regulatory requirements and maintains its approvals.
The company has obtained key statutory approvals for its proposed project.
The company loses a major customer or experiences significant order cancellations.
The loss of any of the top customers could have a material adverse effect on the business and financial condition.
Negative cash flows from operating activities persist or worsen.
The company reported negative cash flows from operating activities of ₹3.88 million in Fiscal 2023.
The company faces delays or failures in securing government contracts.
Changes in government procurement policies or increased competition could result in a significant loss of sales.
The company encounters difficulties in procuring raw materials at competitive prices.
If the company faces difficulties in procuring raw materials or if prices increase, it may adversely affect its business.