Investors in Shilpi Cable Technologies have reaped big return in the past one year. Shares of the company, which manufactures wires and cables for telecom and automotive industries, have quadrupled in value over the past one year.
Shares of Delhi-based Shilpi Cable Technologies on July 11 hit a fresh 52-week high of Rs 185.
Shilpi Cable Technologies operates under two domains - business-to-business and business-to-customers.
In business-to-business segment, the company caters to telecom and automotive industries. For telecom industry, Shilpi Cable makes RF cables (radio frequency cables) and some other accessories which go into building mobile networks.
Manish Bhatt, CEO of Shilpi Cable Technologies, says with the government strengthening norms against call drops, there will be a huge requirement for its telecom products.
Shilpi Cable wants to achieve revenue of $1 billion by 2020, says Mr Bhatt. "We need to add more revenue streams to achieve the target and the business-to-customer foray is a result of those discussions with E&Y," he adds.
For the business-to-customer segment, the company has launched modular switches and wires under the brand name 'Safe'.
The company also has international operations in South-East Asia, the Middle East and Africa.
Shilpi Cable's Chopanki plant in Rajasthan makes around 18,000 km of RF cable in a year and is currently operating at its full capacity.
Mr Bhatt says that in the telecom space, the company plans to enter into antenna segment which is three times the size of RF cables space. In the automotive segment, Shilpi Cable it is trying to get into four-wheeler segment, he adds.
On the earnings front, Shilpi Cable's net profit doubled to Rs 13 crore on revenues of Rs 580 crore in March quarter compared with Rs 6.38 crore during the same quarter last year.
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