DIACABS
Diamond Power Infrastructure Limited
NSEFiling History
Recent corporate announcements and filings for DIACABS
Business Update
Positive
2026-08-22 19:29
- Order Win: Diamond Power Infrastructure Limited won an order from Aurionpro Solutions Limited
- Order Value: ₹52.86 Cr (including GST)
- Nature of Order: Supply of HT and LT electrical cables to a hyperscale data centre campus at Hyderabad.
- Completion Timeline: Supplies commence immediately and are scheduled on a staggered basis in line with the site's construction programme.
- Additional Details: This order validates the company's investment in copper manufacturing, and their data center order book now exceeds ₹575 Cr.
Business Update
Positive
2026-08-21 16:08
- Q1 FY27 Consolidated Revenue: ₹690 Cr (▲129% YoY)
- EBITDA: ₹85 Cr (▲172% YoY), EBITDA Margin: 12.3% (▲200bps YoY)
- PAT: ₹58.5 Cr (▲191% YoY)
- Net worth turned positive: from negative ₹922 Cr to positive ₹691 Cr post QIP of ₹1,640 Cr
- Auditor qualification and depreciation issues resolved; PMLA/NCLT legal hurdles settled
- Order book as of August 11, 2026: ₹3,688 Cr (2x last year's revenue), with ₹1,000 Cr fresh wins since April
- FY27 Revenue Guidance: ₹4,300-4,500 Cr; FY28 Revenue Guidance: ₹7,500 Cr
- EBITDA Margin Guidance: 11-13% for FY27
- Expanding capacity with two aluminum corrugation lines, ordering a 6th CCV line (commission by Dec 2027), and two medium voltage cable lines on schedule
- New LV cable project (brownfield upgrade) with 42,000 km capacity, targeting ₹1,880 Cr revenue potential, commercial production FY27-28
- Targeting ₹1,000 Cr data center orders by March 2027 and ₹1,500 Cr in FY28
- Virtually zero debt on books post-QIP
Business Update
Positive
2026-08-20 19:07
- Diamond Power Infrastructure Limited has commissioned a new copper wire drawing and copper cable manufacturing line at its Vadadala, Gujarat complex.
- Commercial production commenced on August 20, 2026.
- The new line has an installed capacity of 1,500 MT per month of copper cables.
- This marks the Company's entry into copper-based cables, enabling it to offer a complete cable package across both aluminium and copper conductors for high power intensity applications, including data centres and power plants.
- No substantial investment was required as existing machinery and infrastructure were utilized.
- The company expects this to support business growth and positively impact its topline.
Governance
Neutral
2026-08-19 19:27
CRITICAL RED FLAG DETECTED
- The company was non-compliant with the 25% Minimum Public Shareholding (MPS) requirement for the quarter ended June 30, 2026.
- A penalty of ₹4,55,000 was imposed by each stock exchange (NSE and BSE).
- Through a Qualified Institutions Placement (QIP), public shareholding increased from 15.98% to 25.97%.
- The company is now compliant with SEBI's MPS norms.
Business Update
Neutral
2026-08-14 20:25
- Concall Audio Recording Available
- Call Date: August 14, 2026
- Call Time: 10:00 AM IST
- Pertains to: Q1 FY27 Financial Results
Financials
Positive
2026-08-13 17:45
- Q1 FY27 Consolidated Revenue ₹689.9 Cr vs ₹301.8 Cr (▲129% YoY)
- EBITDA ₹84.6 Cr vs ₹31.1 Cr (▲172% YoY)
- PAT ₹58.5 Cr vs ₹20.1 Cr (▲191% YoY)
- EBITDA Margin 12.3% vs 10.3% (▲200bps)
Governance
Positive
2026-08-13 17:13
- Diamond Power Infrastructure Limited announced the appointment of Mr. Umeshkumar Chhaya as an Additional Director and Whole-time Director, effective August 13, 2026.
- His tenure is until September 30, 2027, subject to shareholder approval.
- Mr. Chhaya is a seasoned commercial leader with over three decades of experience in the Wire & Cable industry, currently serving as Sr. Vice President - Sales & Marketing.
Financials
Positive
2026-08-13 16:28
- Q1 FY27 Consolidated Revenue ₹689.88 Cr vs ₹301.82 Cr (▲128.6% YoY)
- EBITDA ₹76.96 Cr vs ₹27.21 Cr (▲182.8% YoY)
- PAT ₹58.45 Cr vs ₹16.41 Cr (▲256.2% YoY)
- EBITDA Margin 11.2% vs 9.0% (▲220bps)
- Board approved the appointment of Mr. Umeshkumar Chhaya as an Additional Director and Whole-time Director.
- The Company has been discharged from CBI / ED / PLMA Matters from criminal consequences, which is expected to enhance liquidity and facilitate asset recovery.
- The Company's Property, Plant and Equipment (PPE) records and depreciation position are now fully regularized after retrospective adjustments.
- Registered office shifting approved for administrative and operational convenience.
Business Update
Positive
2026-08-12 17:26
- Order Win: Diamond Power Infrastructure Limited won an order from Purvanchal Vidyut Vitran Nigam Limited (PuVVNL), a Uttar Pradesh Government undertaking.
- Order Value: ₹61.03 Crores (inclusive of GST) for the supply of 250 km of 33 kV HT XLPE cable.
- Completion Timeline: By January 2027 (scheduled deliveries from September 2026 to January 2027).
Business Update
Positive
2026-08-11 18:33
- Order Win: Diamond Power Infrastructure Ltd (DICABS) received two purchase orders from Rajesh Power Services Limited, an EPC contractor for Paschim Gujarat Vij Company Limited (PGVCL) projects.
- Order Value: ₹195.48 crore (basic value, excluding GST).
- Completion Timeline: 12 months.
- Details: For supply of 11 kV Medium Voltage underground power cables for PGVCL's Disaster Management (SDMF) and Urban Underground (SI) projects in coastal Gujarat.
Business Update
Neutral
2026-08-11 11:36
- Concall Schedule
- Concall Date: August 14, 2026
- Concall Time: 10:00 A.M. (IST)
Business Update
Positive
2026-07-29 00:45
- Diamond Power Infrastructure Limited allotted 7.11 crore Equity Shares at ₹227 per share via Qualified Institutions Placement (QIP), raising ₹16,139.70 crore.
- The paid-up equity share capital increased from 52.69 crore shares to 59.80 crore shares.
Ownership
Positive
2026-07-29 00:40
- Diamond Power Infrastructure Limited allotted 7,11,00,000 equity shares via Qualified Institutions Placement (QIP) at ₹227 per share.
- The company raised ₹1,61,397.00 lakhs (approx. ₹1,614 crore) through this issue on July 28, 2026.
- The paid-up equity share capital increased from 52,69,71,060 to 59,80,71,060 shares.
Business Update
Positive
2026-07-28 23:51
- Closure of Qualified Institutions Placement (QIP) on July 28, 2026.
- Allotted 7,11,00,000 Equity Shares at ₹227 per share to qualified institutional buyers.
- The company successfully raised approximately ₹1614 Crores through this issue.
Business Update
Positive
2026-07-23 22:55
- Management Committee approved the preliminary placement document for a Qualified Institutions Placement (QIP).
- The proposed issue opens today, July 23, 2026.
- The floor price is fixed at ₹238.92 per Equity Share.
- The company may offer a discount of up to 5% on the floor price.
- Trading window is closed from July 1, 2026, until 48 hours after Q1 FY27 results declaration.
Financials
Negative
2026-07-23 17:58
CRITICAL RED FLAG DETECTED
- DICABS submitted Consolidated Financial Statements for the year ended March 31, 2026.
- Auditors issued a qualified opinion due to ongoing reconciliation of Property, Plant & Equipment and Capital Work-in-Progress, impacting depreciation and net profit.
- This matter also qualified previous year's and quarterly reports.
Business Update
Positive
2026-07-21 16:09
- Postal ballot for raising funds via Qualified Institutions Placement (QIP) approved by shareholders.
- The special resolution passed with 99.9995% votes in favour.
- Remote e-voting for the resolution concluded on July 19, 2026.
Governance
Positive
2026-07-21 16:06
- Shareholders of Diamond Power Infrastructure Limited approved raising funds by way of issuance of Equity Shares through Qualified Institutions Placement (QIP) via postal ballot.
- The special resolution passed with 99.9995% votes in favor and 0.0005% against.
- The remote e-voting process concluded on July 19, 2026.
Business Update
Positive
2026-07-16 23:18
- Order Win: Diamond Power Infrastructure Limited received a Contract Confirmation/Letter of Award from Adani Energy Solutions Limited (AESL).
- Order Value: Approximately ₹185.16 Crore (exclusive of GST).
- Completion Timeline: Deliveries scheduled between July 2026 and February 2027 (approx. 8 months).
- Details: For the supply of AL59 aluminium alloy conductors for AESL's Tuticorin and Pune-III projects.
Business Update
Positive
2026-07-16 23:14
- Order Win: Diamond Power Infrastructure Limited secured a contract from Adani Energy Solutions Limited (AESL).
- Order Value: Approximately ₹185.16 Crore (exclusive of GST), aggregating to approximately ₹218.49 Crore inclusive of GST. The contract is on a variable-price basis.
- Completion Timeline: Deliveries are scheduled between July 2026 and February 2027 (approximately 8 months).
- Details: Supply of AL59 Moose and AL59 Zebra conductors for AESL's Tuticorin and Pune-III transmission projects.