Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Jigar CablesBOM:540651 83 Current Ratio is 2.86 as of Mar. 2026, which is 6% above its 10-year median of 2.69. GuruFocus rates BOM:540651 with a GF Score™ of 83/100 and a GF Value™ of ₹64.34 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 3,078 Industrial Products companies, Jigar Cables ranks better than 72.42% on this metric.
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Jigar Cables's current ratio for the quarter that ended in Mar. 2026 was 2.86.
Jigar Cables has a current ratio of 2.86. It generally indicates good short-term financial strength.
The historical rank and industry rank for Jigar Cables's Current Ratio or its related term are showing as below:
BOM:540651'
s Current Ratio Range Over the Past 10 Years
Min: 1.48 Med: 2.69 Max: 5.54
Current: 2.86
During the past 13 years, Jigar Cables's highest Current Ratio was 5.54. The lowest was 1.48. And the median was 2.69.
BOM:540651's Current Ratio is ranked better than 72.42% of 3078
companies
in the Industrial Products industry
Industry Median: 1.96
vs BOM:540651: 2.86
Jigar Cables (BOM:540651) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Jigar Cables Current Ratio Related Terms
Jigar Cables Current Ratio Historical Data
* Premium members only.
The historical data trend for Jigar Cables's Current Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Electrical Equipment & Parts subindustry, Jigar Cables's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Jigar Cables Current Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Jigar Cables's Current Ratio distribution charts can be found below:
* The bar in red indicates where Jigar Cables's Current Ratio falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Jigar Cables (BOM:540651) has a Current Ratio of 2.86 as of Mar. 2026. This is near median its historical median of 2.69. Over the past decade, Jigar Cables' Current Ratio has ranged from 1.48 to 5.54. According to the industry distribution chart, Jigar Cables ranks #849 out of 3078 companies in the Industrial Products industry, placing it in the top 27.6%.
Is Jigar Cables' Current Ratio too high?
Jigar Cables' current Current Ratio of 2.86 is near median its 10-year median of 2.69. Over the past 10 years, this metric has ranged from a low of 1.48 to a high of 5.54. The Industrial Products industry median Current Ratio is 1.96. Jigar Cables' value of 2.86 is 45.9% above this industry median. Based on the distribution chart, Jigar Cables ranks #849 out of 3078 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Jigar Cables has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Jigar Cables' Current Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Jigar Cables ranks #849 out of 3078 companies for Current Ratio. This puts Jigar Cables in the upper half of its industry. The industry median Current Ratio is 1.96. Jigar Cables' value of 2.86 is 45.9% above this benchmark. Historically, Jigar Cables' own Current Ratio has ranged from 1.48 to 5.54 over the past decade. While the company's 10-year median is 2.69 vs. the industry median of 1.96, Jigar Cables has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for an Industrial Products company?
The median Current Ratio among Industrial Products companies is 1.96, based on 3,078 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Jigar Cables's current Current Ratio of 2.86 is 45.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Industrial Products industry, the median Current Ratio is 1.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jigar Cables's current Current Ratio is 2.86, which is near median its own 10-year median of 2.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jigar Cables stock overvalued right now?
Based on GuruFocus' analysis, Jigar Cables (BOM:540651) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹64.34, compared to a current price of ₹71.95 — trading 11.8% above its estimated fair value. The current Current Ratio is 2.86, which is near median its 10-year median of 2.69 and 45.9% above the Industrial Products industry median of 1.96. Jigar Cables' overall GF Score™ is 83/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Jigar Cables (BOM:540651), the current Current Ratio is 2.86 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Jigar Cables (BOM:540651) Overvalued in 2026?
Based on GuruFocus' analysis, Jigar Cables stock appears to be overvalued.
The current stock price of ₹71.95 is trading 11.8% above its estimated GF Value™ of ₹64.34.
GuruFocus considers Jigar Cables to be Modestly Overvalued.
Key valuation signals for BOM:540651:
Current Ratio: 2.86 (near median its 10-year median of 2.69)
GF Value™: ₹64.34 vs. price of ₹71.95 (11.8% above fair value)
Industry Position: 45.9% above the Industrial Products median (#849 of 3078)
No single metric tells the full story. See the BOM:540651 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jigar Cables Ltd is a manufacturer of electric wires and cables in India, known for its "SIGMA" brand. The company operates with a manufacturing facility in Gondal, Gujarat. It produces various products including submersible flat cables, flexible cables, LT PVC cables, aerial bunched cables, and house wires, catering to industrial, commercial, and residential applications. The company has a wholly-owned subsidiary, Jigar Polymers Ltd, for backward integration by manufacturing PVC and XLPE raw materials. Revenue is mostly from manufacturing and sales of cables and wires under its SIGMA brand.
83GF Score
Get the complete analysis for BOM:540651
Current Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BOM:540651 has been successfully added to your 
