Incorporated in 2015, Quadrant Future Tek Ltd manufactures specialty cables and develops train control & signalling systems. QFT is a technology & research-oriented company certified under ISO 14001:2015, ISO 9001:2015, IRIS, and TS Quality Management Systems. The company has established itself as a prominent player in the railway technology sector, focusing on safety-critical applications and advanced train control systems.
Quadrant Future Tek Limited was incorporated as 'Quadrant Cables Private Limited' on September 18, 2015, at Chandigarh. Thereafter, the name of the Company was changed from 'Quadrant Cables Private Limited' to 'Quadrant Future Tek Private Limited', and a fresh Certificate of Incorporation dated October 08, 2021, was issued by the Registrar of Companies, Punjab and Chandigarh. Subsequently, the Company converted into a Public Limited Company, and a fresh Certificate of Incorporation dated October 21, 2021, was issued by the RoC, recording the change of Company's name to 'Quadrant Future Tek Limited'.
The company is listed on both NSE and BSE with the symbol QUADFUTURE and BSE code 544336. Quadrant Future Tek made a debut on the stock exchanges on January 14, 2025, with its shares listing at Rs 374, a 28.97% premium to the issue price of Rs 290. The company's initial public offering (IPO), which closed on January 9, 2025, was subscribed 186.66 times.
It develops next-generation Train Control and Signalling Systems under the KAVACH project for Indian Railways. The KAVACH project represents a significant technological advancement in railway safety. The company has also recently expanded its operations to build an indigenously developed automatic train protection system that uses radio frequency identification to detect and stop a possible train collision under the Kavach project, developed by the Research Designs & Standards Organisation (RDSO).
The cables are used in railway rolling stock and the naval (defense) industry. It specializes in manufacturing a wide range of electron beam irradiated cables for industrial usage and applications where fire and safety, lightweight, and long-term performance are of utmost importance. The company's manufacturing capabilities extend beyond traditional applications to include modern energy solutions.
QFT also has full infrastructure for producing solar and EV cables, along with a facility for manufacturing and testing specialty cables and hardware for the Train Control and Signalling Division. The company has one facility for manufacturing, testing, researching, and developing specialty cables and to manufacture the hardware required for the Train Control & Signalling Division, which is situated at Village Basma, Tehsil Banur, Distt Mohali.
Market Cap ₹ 1,856 Cr as of recent data. Quadrant Future Tek Ltd has a market capitalisation of Rs 1,860 crore. The Quadrant Future Tek Ltd's 52-week high share price is Rs 743.45 and 52-week low share price is Rs 367.00.
For the quarter ended March 2025:
- Net profit of Quadrant Future Tek rose 558.33% to Rs 1.58 crore in the quarter ended March 2025 as against Rs 0.24 crore during the previous quarter ended March 2024.
- Sales rose 13.78% to Rs 58.47 crore in the quarter ended March 2025 as against Rs 51.39 crore during the previous quarter ended March 2024.
For the full year ended March 2025:
- Net loss reported to Rs 19.68 crore in the year ended March 2025 as against a net profit of Rs 11.62 crore during the previous year ended March 2024.
- Sales declined 0.76% to Rs 150.61 crore in the year ended March 2025 as against Rs 151.76 crore during the previous year ended March 2024.
Recent quarterly performance shows mixed results (Q3 FY25 vs Q2 FY25):
- The revenue of Quadrant Future Tek Ltd for Dec '24 is ₹ 27.03 crore as compared to the Sep '24 revenue of ₹ 39.63 crore, representing a decline of -31.79%.
- The EBITDA of Quadrant Future Tek Ltd for Dec '24 is ₹ -1.74 crore as compared to the Sep '24 EBITDA of ₹ 3.17 crore, representing a decline of -154%.
- The net profit of Quadrant Future Tek Ltd for Dec '24 is ₹ -8.45 crore as compared to the Sep '24 net profit of ₹ -3.56 crore.
The order includes the supply, installation, and commissioning of the Kavach (indigenous train collision avoidance system) and associated components across 502.2 RKM of railway tracks, covering 71 railway stations of East Central Railway. The total value of the project is Rs 155.93 crore, and it is expected to be completed within 21 months.
Promoter holding in Quadrant Future Tek Ltd has gone down to 70.00 per cent as of March 2025 from 93.33 per cent as of January 2025. Promoter holding has decreased over the last quarter by -23.3%. The company has a low return on equity of 3.87% over the last 3 years.
The company has a low interest coverage ratio, indicating potential challenges in meeting debt obligations. The company has shown volatile financial performance with periods of both profits and losses, requiring careful monitoring by investors.
The company operates in the strategic railway safety and infrastructure sector, positioning itself to benefit from India's railway modernization initiatives. The KAVACH project represents a significant growth opportunity as Indian Railways expands its safety infrastructure. The company's expertise in specialty cables for defense applications also provides diversification benefits.
Quadrant Future Tek Ltd develops advanced train control and signaling systems for Indian Railways, specializing in specialty cables for railways and naval defense, with capabilities in solar and EV cable production. This diversified product portfolio positions the company to capitalize on multiple growth sectors including renewable energy and electric vehicles.
