Sarathi cable industries is preparing to issue its IPO. The company has reported a strong rise in its business this year. It recorded a turnover of Rs. 54 crore 20 lakh in the fiscal year 2081/82. This is a 41.15% increase compared to the previous year, when the company had a turnover of Rs. 38 crore 40 lakh.
The company’s earnings before interest, tax, depreciation, and amortization also went up. Its EBITDA margin increased from 2.96% to 16.87%. This is the highest margin the company has seen in the last five years. However, its profit before tax is still less than 1%.
Sarathi Cable has taken credit ratings for loans worth Rs. 80 crore. Out of this amount, Rs. 49 crore is long-term debt and Rs. 31 crore is short-term debt. Infomerics, a credit rating agency, has given a double B minus rating to the long-term loan and an A four rating to the short-term loan.
The company is part of the Bhushal group. It was previously known as Bhushal cable and wire industries private limited. The name changed after it became a public limited company in July.
Sarathi produces copper and aluminum wires and cables. Its factory is located in Rupandehi district. The company has an annual production capacity of 2,709 metric tons. It also has 215 dealers across five provinces.
Ankit Bhushal is the main shareholder of the company. He owns 99.76% of the company’s shares.
