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Fast Cables Limited (FCL): IPO- FAST CABLES LIMITED – By Darson Research

  • By: Darson Securities (Private) Limited

  • - Published: Tuesday, 14 May 2024
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<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">We have a Subscribe recommendation for the stock. The Stock is currently valued at FY24/FY25 P/E of 3.14/2.39x respectively (based on Post IPO number of shares). Below are some of the reasons why we have a Subscribe recommendation for the company-:</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Fast Cables is one of the premier manufacturers of electrical cables and conductors in the country. The company has two manufacturing plants located in Lahore whereby the annual production capacity of copper stands at 8,400 mt and for aluminum products at 13,800 mt per annum. The company was the first to introduce Continuous Vulcanization Line Technology (CCV). The technology enhances and improves the pro...

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