Cable stock in focus after it bags ₹66 Cr EPC cable supply order

Synopsis: Small Cap stock surged by 2.8 percent as the company received a Letter of Intent from Hild Projects Private Limited, with the order valued at 66 Crore, according to the latest announcement.

A small cap stock where the company is engaged in the business of manufacturing of power products and giving related services, bagged a Rs 66 Crore EPC order from Hild Projects Private Limited for the supply of power cables.

With a market cap of Rs 7,333 Cr, Diamond Power Infrastructure Ltd saw its stock hit an intraday high of Rs 143 which is 2.8 percent higher than the previous close of Rs 139.

What’s the News?

On Monday, Diamond Power Infrastructure Limited (DPIL) announced that the company has secured a significant order from Hild Projects Private Limited for the supply of power cables, valued at approximately Rs 66.18 crore. The project execution is stated to be scheduled between January 1, 2026, and June 30, 2026.

As of the latest quarter, Q2FY26 the company’s order book stands at Rs 2555 Crore, this includes Rs 1849 Cr worth existing orders for conductors, and Rs 705 Cr worth orders for cables. 

Business & Financial Overview

Diamond Power Infrastructure Limited, incorporated in 1992 and headquartered in Vadodara, is a leading player in India’s power sector, specializing in the manufacturing and supply of transmission and distribution products and services. The company offers a wide range of high-quality power solutions, catering to EPC contractors, utilities, and industrial clients across the country

Talking about the products, the company in Q1FY26 saw 55 percent of its sales from High Tension Cables ,33 percent from Conductors and 12 percent from Low Tension cables. The company’s list of clients includes Adani Group, JSW Group, SAIL, and BHEL.

In the latest quarter Diamond Power saw a YoY revenue growth of 75 percent, going from Rs 250 Cr in Q2FY25 to Rs 438 Cr in Q2FY26, while the QoQ went up by 45 percent from Rs 302 Cr in Q1FY26.

The YoY Net Profits growth is at 700 percent, going from Rs 4 Cr in Q2FY25 to Rs 28 Cr in Q2FY26, while the QoQ growth stood at 40 percent from Rs 20 Cr in Q1FY26.

Another point to highlight is that the stock has given a 298 percent compounded return in the last 5 years. The FII and DII holdings have also been increasing in the past few quarters, as in Q2FY25 DII held no stake in the company while FIIs had a 0.03 percent stake, and this has grown to 1.42 percent for FIIs and 0.10 percent for DIIs in Q2FY26.

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