Incorporated in 2015, Quadrant Future-Tek Ltd manufactures specialty cablesand develops train control & signallingsystems[1]
Business Overview:[1][2]QFT is a technology & research-oriented company certified under ISO 14001:2015, ISO 9001:2015, IRIS, and TS Quality Management Systems. It develops next-generation Train Control and Signalling Systems under the KAVACH project for Indian Railways and operates a specialty cable manufacturing facility with an Electron Beam Irradiation Centre. The cables are used in railway rolling stock and the naval (defense) industry. QFT also has full infrastructure for producing solar and EV cables, along with a facility for manufacturing and testing specialty cables and hardware for the Train Control and Signalling Division.
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Polycab India | 7762.00 | 47.46 | 116847.96 | 0.45 | 692.96 | 55.85 | 6477.21 | 17.80 | 29.72 | 24595.05 | 14.73 | 2461.81 | 685.46 | 11.03 | 15.15 | 0.02 |
| 2. | KEI Industries | 4528.90 | 54.76 | 43296.55 | 0.09 | 203.51 | 31.46 | 2726.35 | 19.38 | 21.29 | 10703.71 | 10.04 | 790.62 | 203.51 | 7.00 | 11.70 | 0.04 |
| 3. | R R Kabel | 1536.70 | 43.04 | 17378.42 | 0.39 | 116.26 | 134.73 | 2163.77 | 19.54 | 19.77 | 8222.35 | 7.57 | 403.73 | 116.26 | 7.43 | 9.49 | 0.17 |
| 4. | Finolex Cables | 781.95 | 19.88 | 11959.09 | 1.02 | 186.89 | 27.93 | 1375.79 | 4.88 | 16.21 | 5548.00 | 10.26 | 601.51 | 186.89 | 2.49 | 11.25 | 0.00 |
| 5. | Universal Cables | 940.15 | 22.32 | 3261.89 | 0.43 | 47.68 | 160.83 | 814.29 | 27.61 | 8.58 | 2696.05 | 8.62 | 146.11 | 47.68 | 1.74 | 2.66 | 0.54 |
| 6. | KSH Internationa | 365.35 | 29.24 | 2475.45 | 0.00 | 29.59 | 128.85 | 712.15 | 50.73 | 21.45 | 1928.29 | 6.39 | 67.99 | 29.59 | – | 11.08 | 1.40 |
| 7. | V-Marc India | 671.05 | 26.79 | 1638.75 | 0.00 | 36.44 | 220.49 | 691.54 | 100.32 | 26.43 | 1251.20 | 11.27 | 61.17 | 36.44 | 7.25 | 6.60 | 1.07 |
| 8. | Quadrant Future | 343.00 | – | 1372.00 | 0.00 | -15.89 | -346.35 | 34.40 | -13.20 | -7.01 | 148.61 | -15.83 | -36.25 | -15.89 | 5.08 | -7.19 | 0.09 |
| – | Median: 20 Co. | 311.05 | 21.15 | 1270.78 | 0.0 | 11.52 | 36.3 | 239.69 | 20.92 | 20.19 | 728.56 | 9.33 | 31.84 | 11.23 | 3.37 | 9.69 | 0.3 |
Standalone figures in ₹ crores
| Dec 2023 | Dec 2024 | Jun 2024 | Jun 2025 | Mar 2024 | Mar 2025 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
Sales | 39 | 27 | 26 | 29 | 51 | 58 | 40 | 34 |
Expenses | 34 | 29 | 28 | 39 | 44 | 57 | 36 | 47 |
Operating Profit | 4 | -2 | -2 | -10 | 7 | 1 | 3 | -13 |
Other Income | 0 | 0 | 0 | 3 | 0 | 2 | 0 | 2 |
Profit before tax | -1 | -9 | -9 | -13 | 1 | -4 | -4 | -16 |
Tax % | 4% | -3% | 0% | 2% | 75% | -135% | -7% | 2% |
Net Profit | -1 | -8 | -9 | -14 | 0 | 2 | -4 | -16 |
EPS in Rs | -1.03 | -2.81 | -3.09 | -3.38 | 0.24 | 0.40 | -1.19 | -3.97 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
Sales | 73 | 104 | 153 | 151 | 150 | 149 |
Expenses | 62 | 95 | 126 | 115 | 149 | 172 |
Operating Profit | 11 | 9 | 26 | 37 | 1 | -24 |
Other Income | 0 | 0 | 0 | 0 | 2 | 7 |
Interest | 2 | 3 | 3 | 4 | 8 | 6 |
Depreciation | 3 | 3 | 4 | 12 | 21 | 20 |
Profit before tax | 6 | 3 | 20 | 21 | -26 | -42 |
Net Profit | 5 | 2 | 14 | 12 | -20 | -36 |
EPS in Rs | 4.81 | 1.94 | 13.90 | 11.62 | -4.92 | -9.76 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | – |
Standalone figures in ₹ crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
Equity Capital | 10 | 10 | 10 | 10 | 40 | 40 |
Reserves | 4 | 6 | 19 | 37 | 258 | 230 |
Borrowings | 41 | 81 | 74 | 82 | 85 | 25 |
Other Liabilities | 4 | 16 | 15 | 18 | 18 | 35 |
Total Liabilities | 59 | 113 | 119 | 146 | 402 | 330 |
Fixed Assets | 18 | 20 | 21 | 83 | 72 | 69 |
Gross Block | 29.19 | 33.52 | 38.56 | 107.88 | 118.62 | – |
Accumulated Depreciation | 10.76 | 13.95 | 17.66 | 25.02 | 46.18 | – |
CWIP | 6 | 33 | 48 | 0 | 0 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 |
Other Assets | 34 | 60 | 49 | 63 | 329 | 262 |
Total Assets | 59 | 113 | 119 | 146 | 402 | 330 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
Cash from Operating Activity | 6 | -5 | 30 | 22 | -72 |
Cash from Investing Activity | -8 | -32 | -20 | -25 | -5 |
Cash from Financing Activity | 3 | 36 | -10 | 3 | 263 |
Net Cash Flow | -0 | 0 | 0 | 0 | 186 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
Debtor Days | 85 | 94 | 56 | 77 | 134 |
Inventory Days | 118 | 113 | 63 | 87 | 167 |
Days Payable | 9 | 64 | 22 | 28 | 39 |
Cash Conversion Cycle | 193 | 143 | 97 | 135 | 261 |
Working Capital Days | 33 | 63 | 17 | 22 | 134 |
ROCE % | – | 8% | 23% | 22% | -7% |
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