Kathmandu. Sarathi Cable Industries has a turnover of Rs 542 million in the financial year 2081/82. The company’s business has increased by 41.15 percent compared to the fiscal year 2080/81.
During the period, the company’s earnings before interest, taxation and amortization (EBITDA) margin increased from 2.96 percent to 16.87 percent. This is the highest in the last 5 years. EBITDA margin is the company’s earnings before taxes, interest, depreciation and amortization. Despite the increase in EBITDA margin, the company’s profit before tax is less than 1 percent.
The company has a loan rating of Rs 800 million, of which Rs 49 crore is long-term loan and Rs 310 million is short-term loan. Rating agency Infomerics has assigned a rating of double B to the long-term loan and an ‘A4’ rating to the short-term loan.
The company is a subsidiary of Bhusal Group. The company was earlier known as Bhusal Cable and Wire Industries Pvt. Ltd. but was renamed as a public limited company in July last year.
The company manufactures copper and aluminum wires and cables. Its factory is located in Rupandehi district. The company has an annual production capacity of 2709 metric tons. The company has 215 dealers in 5 provinces.
Ankit Bhusal is the major shareholder of the company and he holds 99.76% stake in the company.
