A portable rack for holding windable material, such as cable or wire, includes two elongated leg sections which are joined together at the upper ends thereof for pivotal movement between a folded condition at which the lower ends of the leg sections are disposed adjacent one another and an unfolded condition at which the lower ends of the leg sections are in a spaced-apart relationship. A two-ended rod is attachable to one leg section so that each of the two ends of the rod is capable of supporting a coil of windable material directed thereover. In addition, a plate member is secured to one of the leg sections adjacent the upper end thereof and defines an abutment edge for limiting the movement of the lower ends of the leg sections further apart during an unfolding operation to a distance as measured between the lower ends of the leg sections when in the unfolded condition.