Incorporated on November 12, 2020, Johnsoncab Electricals Limited originated as a partnership firm named M/s. Johnson Cables in February 2012. It is engaged in the manufacturing of low-voltage wires and cables rated up to 1.1 kV and markets its products under the brand name “JOHNSON CABLES”, catering to power infrastructure, renewable energy, railways and industrial applications.The Company’s product portfolio includes control cables, power cables, industrial single-core and multicore cables, house and building wires, welding cables, solar/photovoltaic cables and submersible flat cables. Its products are designed for applications across power transmission and distribution, renewable energy integration, industrial operations and allied sectors. The Company holds ISO and BIS certifications to support product quality and compliance with applicable standards.
Johnsoncab Electricals operates two manufacturing units in Mehsana, Gujarat, with a combined annual installed manufacturing capacity of 79,950 kilometres as of Fiscal 2026. Its facilities are equipped with machinery for wire drawing, annealing, bunching, insulation, extrusion, testing and packaging. The Company has upgraded its manufacturing infrastructure with automatic and semi-automatic machinery to improve production capabilities and cater to varied product specifications.
The Company serves both government entities and private-sector customers through direct orders, tender participation and vendor approval processes. Revenue from operations increased from ₹88.34 crore in Fiscal 2024 to ₹210.47 crore in Fiscal 2026. For the five months ended August 31, 2026, the Company reported revenue from operations of ₹113.04 crore, EBITDA of ₹15.32 crore and profit after tax of ₹8.63 crore.
As of September 30, 2026, the Company had 193 employees across production, operations, finance, human resources, quality assurance, sales and marketing, supply chain, logistics and information technology.
Competitive Strengths
Johnsoncab Electricals Ltd.’s revenue increased by 51% and profit after tax (PAT) rose by 146% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Aug 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 132.07 | 126.64 | 64.28 | 48.44 |
| Total Income | 113.33 | 211.34 | 140.00 | 88.95 |
| Profit After Tax | 8.63 | 13.42 | 5.46 | 2.52 |
| EBITDA | 15.32 | 24.06 | 12.14 | 5.42 |
| NET Worth | 40.08 | 31.44 | 14.24 | 8.88 |
| Reserves and Surplus | 32.31 | 23.67 | 11.24 | 5.88 |
| Total Borrowing | 77.57 | 79.88 | 41.79 | 32.81 |
| Amount in ₹ Crore | ||||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Susan Electricals India Ltd. | SME | ₹70.38 Cr | ₹127 | 10.85 | ₹195.30 | +53.78% | ₹227.25 |
| Lumino Industries Ltd. | Mainboard | ₹700.00 Cr | ₹82 | 12.48 | ₹110.32 | +34.54% | ₹90.50 |
| Laser Power & Infra Ltd. | Mainboard | ₹742.00 Cr | ₹214 | 16.24 | ₹262.42 | +22.63% | ₹207.10 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Construction of additional Factory Shed for expansion | 8.46 |
| 2 | Purchase of additional plant & machinery for increasing the production capacity | 9.90 |
| 3 | Purchase new machinery to manufacture “Paper Insulated Copper / Aluminium Conductors | 8.50 |
| 4 | Purchase and set up a rooftop solar power plant | 3.23 |
| 5 | Additional Working Capital Requirement | 14.00 |
| 6 | General Corporate Purposes | |
| Total | 44.10 |
| KPI | Aug 31, 2026 | Mar 31, 2026 |
|---|---|---|
| ROE | 24.14% | 58.75% |
| ROCE | 21.55% | 39.68% |
| Debt/Equity | 1.94 | 2.54 |
| RoNW | 21.54% | 42.68% |
| PAT Margin | 7.64% | 6.38% |
| EBITDA Margin | 13.55% | 11.43% |
| NAV | 51.58 | 40.47 |
| P/B (x) | 3.88 | 4.94 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 17.27 | 19.60 |
| P/E (x) | 11.58 | 10.2 |
| IPO Date | 30 Oct to 3 Nov, 2026 |
| Listing Date | Fri, Nov 6, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹190 to ₹200 |
| Lot Size | 600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 28,00,800 shares (agg. up to ₹56 Cr) |
| Reserved for Market Maker | 1,41,600 shares (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 26,59,200 shares (agg. up to ₹53 Cr) |
| Net Offered to Public | 26,59,200 shares (agg. up to ₹53 Cr) |
| Share Holding Pre Issue | 77,70,000 shares |
| Share Holding Post Issue | 1,05,70,800 shares |
The promoters of the company are Chandreshkumar Shankerlal Patel, Anjal Chandreshkumar Patel and Bhavanaben Chandreshkumar Patel.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 73.5% |
As per our analysis and Based on the information we have, this is the output.
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Last Updated on October 30, 2026 Johnsoncab Electricals Ltd. IPO Incorporated on November 12, 2020, Johnsoncab Electricals Limited originated as a partnership firm named M/s. Johnson Cables in February 2012.
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