July 14, 2014 6:01 AM ET

Electrical Equipment

Company Overview of Shilpi Cable Technologies Ltd.

Company Overview

Shilpi Cable Technologies Limited manufactures and sells cables, wires, and accessories in India. It offers radio frequency cables, connectors, and jumpers, as well as automotive, PVC insulated battery and power control, photovolta solar, power energy, control, telephone, LAN, and co axial cables. The company also provides power cord, house wire, IBS, and wiring harness. Its products are primarily used in the utilities, infrastructure, real estate, industrial, telecom, power, and automobile sectors. The company exports its products to Dubai and Taiwan. Shilpi Cable Technologies Limited was founded in 2006 and is based in New Delhi, India.

A-19/B-1 Extension

Mohan Co-operative Industrial Estate

Mathura Road

P.O. Badarpur

New Delhi,  110044

India

Founded in 2006

Phone:

91 11 4311 7900

Fax:

91 11 4311 7902

Key Executives for Shilpi Cable Technologies Ltd.

Managing Director and Whole Time Director
Age: 32
Total Annual Compensation: $2.4M
Founder and Chairman
Age: 60
Total Annual Compensation: $2.4M
Whole Time Director
Age: 59
Total Annual Compensation: $364.2K
Compensation as of Fiscal Year 2013.

Shilpi Cable Technologies Ltd. Key Developments

Shilpi Cable Technologies Announces Managing Director Change

Shilpi Cable Technologies Ltd. announced that the board of directors has appointed Mr. Manish Goel as Managing Director of the company w.e.f. March 29, 2014. Further, Mr. Mukesh Kumar Gupta has resigned as Managing Director of the company w.e.f. May 24, 2014. However, he will remain to continue as director of the company.

Shilpi Cable Technologies Ltd. Appoints Vikas Jaiswal as New CFO

Shilpi Cable Technologies Ltd. announced that Mr. Vikas Jaiswal has been appointed as the new CFO of the company, with effect from May 26, 2014.

Shilpi Cable Technologies Ltd. Announces Consolidated and Standalone Unaudited Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2014

Shilpi Cable Technologies Ltd. announced consolidated and standalone unaudited earnings results for the fourth quarter and full year ended March 31, 2014. For the quarter on standalone basis, the company reported net sales or income from operations of INR 3,554.743 million against INR 1,823.325 million a year ago. Profit from operations before other income, interest and exceptional items were INR 282.237 million against INR 155.199 million a year ago. Profit from ordinary activities before tax was INR 97.005 million against INR 75.138 million a year ago. Net profit was INR 77.978 million against INR 61.617 million a year ago. Earnings per basic and diluted share were INR 2.02 against INR 1.64 a year ago. On standalone basis for the year, the company reported net sales or income from operations of INR 9,860.339 million against INR 6,548.886 million a year ago. Profit from operations before other income, interest and exceptional items was INR 885.540 million against INR 680.211 million a year ago. Profit from ordinary activities before tax was INR 398.980 million against INR 374.067 million a year ago. Net profit was INR 280.301 million against INR 261.899 million a year ago. Earnings per basic and diluted share were INR 7.27 against INR 6.98 a year ago. On consolidated basis for the quarter, the company reported net sales or income from operations of INR 6,635.729 million against INR 2,446.587 million a year ago. Profit from operations before other income, interest and exceptional items was INR 488.685 million against INR 277.616 million a year ago. Profit from ordinary activities before tax was INR 302.529 million against INR 204.682 million a year ago. Net profit was INR 283.318 million against INR 191.160 million a year ago. Earnings per basic and diluted share were INR 7.55 against INR 5.10 a year ago. On consolidated basis for the year, the company reported net sales or income from operations of INR 17,529.398 million against INR 9,570.739 million a year ago. Profit from operations before other income, interest and exceptional items was INR 1,616.864 million against INR 1,009.331 million a year ago. Profit from ordinary activities before tax was INR 1,119.745 million against INR 700.867 million a year ago. Net profit was INR 1,000.882 million against INR 588.698 million a year ago. Earnings per basic and diluted share were INR 25.95 against INR 15.69 a year ago.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
February 15, 2014
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Private Placement
August 26, 2013
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