QUADFUTURE
Quadrant Future Tek Limited
KAVACH train-collision avoidance systems and specialty cables manufacturer
Industrials›Capital Goods›Industrial Products›Cables - Electricals
quadrantfuturetek.com(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
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Price & valuation
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What you need to know
Quadrant Future Tek, based in Mohali, Punjab, makes electron-beam irradiated specialty cables for railways, defence and other industries, and is building KAVACH train collision avoidance systems for Indian Railways.
Company snapshot
10thBy market cap
Ranked among 14 companies in Cables - Electricals.
Segment mix
Reportable segments as of 2024-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.
Largest segment: 97.1% of revenue
| Segment | Revenue share | Revenue | PBT | Assets |
|---|---|---|---|---|
| Cables | 97.1% | 89 Cr | 9 Cr | — |
| TCAS | 2.9% | 3 Cr | -25 Cr | — |
What we see
- ✓Debt-to-equity of 0.09x — the company is largely funded by its own money, not borrowed funds.
- ✗Net margin is negative — the company is spending more than it earns right now.
Statement tables · Standalone
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Standalone only
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|
| Sales | 27 Cr | 58 Cr | 29 Cr | 34 Cr | 33 Cr | 57 Cr | 41 Cr |
| Operating expenses (approx.) | 29 Cr | 57 Cr | 39 Cr | 47 Cr | 44 Cr | 62 Cr | 44 Cr |
| EBITDA | -2 Cr | 1 Cr | -10 Cr | -13 Cr | -11 Cr | -6 Cr | -3 Cr |
| OPM % | -6.5% | 2.1% | -35.2% | -37.5% | -31.7% | -10.3% | -8.2% |
| Other income | 0.02 Cr | 2 Cr | 3 Cr | 2 Cr | 0.49 Cr | -0.13 Cr | 0.45 Cr |
| Interest | 2 Cr | 2 Cr | 1 Cr | 0.59 Cr | 0.70 Cr | 0.49 Cr | 0.81 Cr |
| Depreciation | 5 Cr | 6 Cr | 4 Cr | 5 Cr | 5 Cr | 5 Cr | 4 Cr |
| Profit before tax | -9 Cr | -4 Cr | -13 Cr | -16 Cr | -16 Cr | -11 Cr | -7 Cr |
| Tax % | 3.1% | 135.5% | -2.0% | -2.0% | 5.5% | 110.0% | -24.9% |
| Net profit | -8 Cr | 2 Cr | -13 Cr | -16 Cr | -15 Cr | 1 Cr | -9 Cr |
| EPS (₹) | ₹-2.81 | ₹0.40 | ₹-3.39 | ₹-3.96 | ₹-3.67 | ₹0.31 | ₹-2.29 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|
| Sales | 104 Cr | 153 Cr | 152 Cr | 151 Cr | 153 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 95 Cr | 126 Cr | 115 Cr | 150 Cr | 192 Cr | Sign in free for the trailing twelve months |
| EBITDA | 9 Cr | 26 Cr | 37 Cr | 0.29 Cr | -39 Cr | Sign in free for the trailing twelve months |
| OPM % | 9.1% | 17.3% | 24.1% | 0.2% | -25.7% | Sign in free for the trailing twelve months |
| Other income | 0.03 Cr | 0.14 Cr | 0.07 Cr | 2 Cr | 5 Cr | Sign in free for the trailing twelve months |
| Interest | 3 Cr | 3 Cr | 4 Cr | 8 Cr | 3 Cr | Sign in free for the trailing twelve months |
| Depreciation | 3 Cr | 4 Cr | 10 Cr | 21 Cr | 19 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 3 Cr | 20 Cr | 22 Cr | -26 Cr | -56 Cr | Sign in free for the trailing twelve months |
| Tax % | 34.1% | 30.2% | 32.9% | 24.9% | 23.0% | Sign in free for the trailing twelve months |
| Net profit | 2 Cr | 14 Cr | 15 Cr | -20 Cr | -43 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹0.63 | ₹4.61 | ₹4.90 | ₹-6.12 | ₹-10.71 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | — | Sign in free for the trailing twelve months |
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity capital | 10 Cr | 10 Cr | 10 Cr | 40 Cr | 40 Cr |
| Reserves | 6 Cr | 19 Cr | 34 Cr | 258 Cr | 218 Cr |
| Borrowings | 81 Cr | 74 Cr | 82 Cr | 85 Cr | 24 Cr |
| Other liabilities | 16 Cr | 15 Cr | 17 Cr | 18 Cr | 39 Cr |
| Total liabilities | 113 Cr | 119 Cr | 143 Cr | 402 Cr | 321 Cr |
| Fixed assets (net) | 20 Cr | 21 Cr | 28 Cr | 30 Cr | 27 Cr |
| CWIP | 2 Cr | — | — | — | 2 Cr |
| Investments | — | — | — | 0 Cr | 0 Cr |
| Inventories | 24 Cr | 19 Cr | 20 Cr | 44 Cr | 105 Cr |
| Trade receivables | 27 Cr | 23 Cr | 32 Cr | 55 Cr | 67 Cr |
| Cash & bank | 0.08 Cr | 0.20 Cr | 0.23 Cr | 10 Cr | 0.18 Cr |
| Other assets | 40 Cr | 56 Cr | 62 Cr | 262 Cr | 120 Cr |
| Total assets | 113 Cr | 119 Cr | 143 Cr | 402 Cr | 321 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Cash from operating activity | -5 Cr | 30 Cr | 18 Cr | -72 Cr | -86 Cr |
| Cash from investing | -32 Cr | -20 Cr | -21 Cr | -5 Cr | -3 Cr |
| Cash from financing | 36 Cr | -10 Cr | 3 Cr | 263 Cr | -65 Cr |
| Net cash flow | 0.01 Cr | 0.28 Cr | 0.18 Cr | 187 Cr | -154 Cr |
| Free cash flow (OCF − Capex) | -36 Cr | 10 Cr | -3 Cr | -79 Cr | -95 Cr |
Ratios
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| ROCE % | 6.6% | 22.1% | 21.0% | -4.8% | -18.7% |
| ROE % | 12.5% | 47.3% | 33.4% | -6.6% | -16.6% |
| Debtor days | 94 | 55 | 77 | 133 | 159 |
| Inventory days | 100 | 66 | 80 | 151 | 203 |
| Days payable | 57 | 23 | 26 | 36 | 58 |
| Cash conversion cycle | 137 | 99 | 131 | 249 | 304 |
| OCF / EBITDA % | -48.5% | 113.2% | 50.5% | n.m. | — |
| OCF / EBITDA % (3 years) | — | — | 60.4% | -37.3% | — |
| Debt / equity | 5.17 | 2.52 | 1.85 | 0.29 | 0.09 |
| Current ratio | 1.45 | 1.19 | 1.18 | 4.13 | 5.96 |
| Net debt / EBITDA | 8.51 | 2.79 | 2.22 | 256.20 | — |