ET Intelligence Group: Orient Cables, a networking and specialty cable manufacturer, plans to raise ₹320 crore through a fresh equity issue to expand capacity and repay debt. It will also raise ₹232 crore through an offer for sale.

The company has reported growth in revenue and profit over the past two years but has not been able to defend operating margin amid higher raw-material costs. It also faces a customer concentration risk as top 10 customers account for three-fourth of the revenue.

It is involved in an ongoing dispute with CK Birla group promoted Orient Electric over the use of the ' ORIENT' brand in relation to wires and cables. The litigation will be an overhang for the stock until resolved.

Given these factors, investors may prefer to wait and watch the company's financial performance after listing. ET BureauBusinessIncorporated in 2005, Orient Cables caters to customers operating in telecom, smart-building automation, data centres, renewable energy, automotive and other industrial sectors.

Networking cables accounted for 78% of revenue in FY26. 9% in FY26.

It operates two manufacturing facilities in Bhiwadi, Rajasthan, and one in Bengaluru that commenced operations in May 2026. 8 crore in FY24.

9% in FY24, amid higher raw material costs. 9% peer range.

1 crore over the same period. 6% peer range.

7 crore in FY24 due to higher working-capital requirements to support increased sales and capacity expansion. 5 peer range.

2 crore in FY24 due to a planned increase in inventory levels to meet business growth. 2).