Past 10 year’s financial track record analysis by Moneyworks4me indicates that CMI Ltd is a below average quality company.
The key valuation ratios of CMI Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of CMI Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 11.4% | 17.1% | 18.5% | 17.2% | 14.2% | 13% | 5.4% | -12.5% | -19.5% | -14.4% | - |
| Value Creation Index ⓘ | -0.2 | 0.2 | 0.3 | 0.2 | 0.0 | -0.1 | -0.6 | -1.9 | NA | NA | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 105 | 136 | 240 | 307 | 560 | 637 | 498 | 202 | 67.8 | 22 | 19 |
| Sales YoY Gr. | - | 29.1% | 76.9% | 27.9% | 82.3% | 13.8% | -21.8% | -59.5% | -66.4% | -67.5% | - |
| Adj EPS ⓘ | 4.4 | 5.5 | 12.1 | 15.2 | 17.2 | 29.9 | 2.6 | -60 | -69.6 | -29.3 | -63 |
| YoY Gr. | - | 26.2% | 119.1% | 26% | 13.3% | 74% | -91.4% | -2425.6% | NA | NA | - |
| BVPS (₹) ⓘ | 40 | 31.3 | 55.3 | 71.5 | 158.5 | 208.6 | 209 | 77.7 | -10.6 | -79.3 | -81 |
| Adj Net Profit ⓘ | 1.5 | 6.3 | 17 | 22.4 | 25.9 | 45 | 3.9 | -96.2 | -112 | -46.9 | -101 |
| Cash Flow from Ops. ⓘ | -3.5 | -3 | 18.2 | -16.9 | -24.3 | -2.5 | 59.7 | -33.6 | -76.1 | 13.5 | - |
| Debt/CF from Ops. ⓘ | -10.9 | -11 | 5.4 | -5.3 | -9 | -114.4 | 4.7 | -9.2 | -5.4 | 28.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -15.9% | -47.6% | -64.6% | -67.5% | ||||
| Adj EPS ⓘ | -223.6% | -211.2% | -324.7% | NA | ||||
| BVPSⓘ | -207.9% | -187.1% | -172.4% | NA | ||||
| Share Price | -9.7% | -47.8% | -50.3% | -58.6% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 11.6 | 24.6 | 29.3 | 24.3 | 15 | 16.3 | 1.2 | -43.9 | -207.3 | 65.2 | 78.7 |
| Op. Profit Mgn % ⓘ | 7.6 | 10.6 | 13.6 | 14.1 | 12.1 | 11.4 | 9.7 | -12.3 | -125.9 | -85.3 | -97.3 |
| Net Profit Mgn % ⓘ | 1.5 | 4.6 | 7.1 | 7.3 | 4.6 | 7.1 | 0.8 | -47.7 | -164.7 | -212.9 | -546.2 |
| Debt to Equity ⓘ | 2.7 | 0.9 | 1.3 | 0.9 | 0.9 | 0.9 | 0.9 | 2.5 | -24.1 | -3 | - |
| Working Cap Days ⓘ | 179 | 175 | 190 | 240 | 208 | 259 | 366 | 771 | 1,513 | 2,488 | 2,036 |
| Cash Conv. Cycle ⓘ | 107 | 109 | 96 | 95 | 111 | 165 | 238 | 481 | 1,027 | 1,478 | -2,606 |
Return on Equity has increased versus last 3 years average to 78.70%
Sales growth has been subdued in last 3 years -64.63%
Net Profit has been subdued in last 3 years -324.70%
Sales growth is not so good in last 4 quarters at -49.14%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -63 | 16.2 |
| TTM Sales (₹ Cr.) | 18.5 | 611 |
| BVPS (₹.) ⓘ | -81 | 0 |
| Reserves (₹ Cr.) ⓘ | -146 | 242 |
| P/BV ⓘ | -0.07 | 0.00 |
| PE ⓘ | 0.00 | 0.33 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 5.31 / 13.65 |
| All Time Low / High (₹) | 1.20 / 610.00 |
| Market Cap (₹ Cr.) | 8.5 |
| Equity (₹ Cr.) | 16 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 48.1 |
| Pledged * | 0.00 | 0.00 | 34.44 | 45.76 | 45.93 | 45.93 | 45.99 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 105.13 | 135.76 | 240.22 | 307.23 | 560.06 | 637.30 | 498.29 | 201.70 | 67.75 | 22.04 |
| Operating Expenses ⓘ | 97.21 | 121.37 | 207.54 | 264.08 | 492.53 | 564.47 | 449.85 | 226.71 | 153.07 | 40.83 |
| Manufacturing Costs | 5.07 | 7.21 | 10.86 | 12.62 | 23.66 | 26.45 | 22.93 | 8.51 | 3.59 | 1.09 |
| Material Costs | 85.36 | 106.46 | 188.44 | 240.26 | 426.54 | 489.75 | 378.50 | 196.33 | 74.47 | 32.08 |
| Employee Cost | 1.94 | 2.14 | 2.73 | 3.73 | 15.07 | 19.40 | 20.46 | 11.59 | 5.71 | 2.28 |
| Other Costs ⓘ | 4.83 | 5.55 | 5.50 | 7.48 | 27.26 | 28.87 | 27.97 | 10.28 | 69.30 | 5.38 |
| Operating Profit ⓘ | 7.93 | 14.39 | 32.69 | 43.15 | 67.53 | 72.83 | 48.44 | -25.01 | -85.32 | -18.80 |
| Operating Profit Margin (%) | 7.5% | 10.6% | 13.6% | 14.0% | 12.1% | 11.4% | 9.7% | -12.4% | -125.0% | -85.3% |
| Other Income ⓘ | 1.28 | 1.52 | 1.48 | 5.30 | 11.34 | 14.20 | 13.83 | 4.42 | 3.18 | 1.56 |
| Interest ⓘ | 5.58 | 5.90 | 8.43 | 13.64 | 28.96 | 33.74 | 40.01 | 45.30 | 44.05 | 0.74 |
| Depreciation ⓘ | 0.82 | 0.88 | 1.28 | 1.34 | 10.48 | 11.82 | 11.68 | 11.88 | 10.45 | 9.22 |
| Exceptional Items ⓘ | 0 | 0.01 | 0.06 | 0.01 | 0 | -0.03 | -0.25 | -140.44 | -44.78 | -90.25 |
| Profit Before Tax ⓘ | 2.80 | 9.13 | 24.52 | 33.48 | 39.42 | 41.44 | 10.33 | -218.21 | -181.42 | -117.45 |
| Tax ⓘ | 1.03 | 2.83 | 7.52 | 11.03 | 13.58 | -3.50 | 6.63 | -23.60 | -38.52 | -7.35 |
| Profit After Tax | 1.77 | 6.30 | 17 | 22.44 | 25.85 | 44.94 | 3.70 | -194.60 | -142.90 | -110.09 |
| PAT Margin (%) | 1.7% | 4.6% | 7.1% | 7.3% | 4.6% | 7.1% | 0.7% | -96.5% | -210.0% | -499.0% |
| Adjusted EPS (₹) | 5.0 | 5.5 | 12.1 | 15.2 | 17.2 | 29.9 | 2.5 | -121.0 | -89.2 | -68.7 |
| Dividend Payout Ratio (%) | 0% | 0% | 8% | 7% | 6% | 3% | 20% | 0% | 0% | 0% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 14.14 | 35.90 | 77.80 | 105.70 | 238.18 | 313.42 | 314.07 | 124.57 | -16.94 | -127.03 |
| Share Capital ⓘ | 3.54 | 11.46 | 14.08 | 14.78 | 15.03 | 15.03 | 15.03 | 16.03 | 16.03 | 16.03 |
| Reserves ⓘ | 10.60 | 24.44 | 63.72 | 90.91 | 223.15 | 298.38 | 299.04 | 108.54 | -32.97 | -143.06 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 36.58 | 32.99 | 95.20 | 88.59 | 210.36 | 275.53 | 265.83 | 282.52 | 367.88 | 323.30 |
| Long Term Debt | 11.64 | 2.84 | 62.58 | 9.97 | 44.69 | 53.83 | 59.22 | 61.23 | 54.27 | 34.13 |
| Short Term Debt | 24.94 | 30.15 | 32.62 | 78.62 | 165.67 | 221.70 | 206.62 | 221.29 | 313.61 | 289.17 |
| Trade Payables | 13.05 | 16.66 | 34.97 | 69.55 | 90.92 | 103.30 | 83.31 | 117.19 | 28.10 | 31.94 |
| Others Liabilities ⓘ | 5.74 | 8.47 | 15.27 | 28.92 | 37.72 | 3.49 | 23.05 | 14.72 | -19.16 | 3.18 |
| Total Liabilities ⓘ | 69.50 | 94.01 | 223.24 | 292.75 | 577.18 | 695.74 | 686.26 | 538.99 | 359.89 | 231.41 |
Fixed Assets | ||||||||||
| Gross Block | 19.50 | 23.70 | 27.28 | 19.16 | 206.50 | 222.55 | 238.96 | 239.48 | 230.24 | 227.04 |
| Accumulated Depreciation | 14.20 | 15.48 | 10.51 | 11.65 | 55.60 | 67.32 | 77.76 | 88.48 | 90.87 | 97.58 |
| Net Fixed Assetsⓘ | 5.30 | 8.22 | 16.77 | 7.50 | 150.90 | 155.23 | 161.20 | 151 | 139.37 | 129.46 |
| CWIP ⓘ | 0 | 0 | 2.21 | 2.35 | 4.22 | 4.10 | 6.31 | 3 | 2.87 | 2.87 |
| Investmentsⓘ | 0 | 0 | 0.49 | 21.68 | 9.71 | 9.43 | 9.45 | 0 | 0 | 0 |
| Inventories | 32.76 | 34.78 | 45.13 | 65.87 | 127.56 | 161.73 | 187.68 | 154.47 | 36.67 | 8.44 |
| Trade Receivables | 23.45 | 36.57 | 49.53 | 113.21 | 226.73 | 273.72 | 231.34 | 135.29 | 110.65 | 50.31 |
| Cash Equivalents | 1.99 | 3.05 | 4.98 | 8.02 | 12.20 | 23.18 | 14.19 | 18.92 | 3.25 | 1.22 |
| Others Assetsⓘ | 5.99 | 11.38 | 104.14 | 74.12 | 45.85 | 68.35 | 76.09 | 76.31 | 67.08 | 39.10 |
| Total Assets ⓘ | 69.50 | 94.01 | 223.24 | 292.75 | 577.18 | 695.74 | 686.26 | 538.99 | 359.89 | 231.41 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -3.45 | -3.02 | 18.23 | -16.87 | -24.25 | -2.47 | 59.72 | -33.62 | -76.08 | 13.54 |
| PBT ⓘ | 1.77 | 6.30 | 24.52 | 22.44 | 39.43 | 37.94 | 16.96 | -218.21 | -181.42 | -117.44 |
| Adjustment ⓘ | 6.18 | 6.89 | 9.37 | 10.30 | 25.72 | 46.78 | 42.32 | 54.77 | 54.33 | 5.63 |
| Changes in Working Capital ⓘ | -11.35 | -15.3 | -8.14 | -49.61 | -89.4 | -86.63 | 0.99 | 130.25 | 51.04 | 125.57 |
| Tax Paid ⓘ | 0 | 0 | -7.52 | 0 | 0 | -0.56 | -0.55 | -0.44 | -0.04 | -0.22 |
| Cash Flow From Investing Activity ⓘ | -0.05 | -3.91 | -109.67 | 48.07 | -10.98 | -13.42 | -22.95 | 7.45 | 16.14 | 14.67 |
| Capex | 0.02 | -4.20 | -5.79 | -1.72 | -6.44 | -16.02 | -20.13 | 1.80 | 0.72 | 11.33 |
| Net Investments | 0 | 0 | 0 | -1.78 | -0.25 | 0.25 | 0 | 0 | 0 | 0 |
| Others ⓘ | -0.07 | 0.29 | -103.88 | 51.56 | -4.28 | 2.36 | -2.82 | 5.65 | 15.42 | 3.34 |
| Cash Flow From Financing Activityⓘ | -0.07 | 7.99 | 93.37 | -31.06 | 36.10 | 29.62 | -50.35 | 31.69 | 53.12 | -27.89 |
| Net Proceeds from Shares ⓘ | 0 | 16.37 | 26.52 | 3.36 | 7.50 | 0 | 0 | 5 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -0.96 | -8.80 | 59.74 | -52.10 | -6.83 | 9.14 | 7.54 | 2.01 | -6.95 | -20.14 |
| Interest Paid ⓘ | -5.58 | -5.90 | -8.43 | -13.64 | -28.96 | -33.74 | -40.01 | -45.30 | -44.05 | -0.74 |
| Dividend Paid ⓘ | 0 | 0 | -1.34 | 0 | -1.81 | -1.81 | -1.81 | 0 | 0 | 0 |
| Others ⓘ | 6.47 | 6.33 | 16.88 | 31.32 | 66.20 | 56.03 | -16.07 | 69.98 | 104.13 | -7.01 |
| Net Cash Flow ⓘ | -3.57 | 1.06 | 1.93 | 0.14 | 0.88 | 13.73 | -13.58 | 5.51 | -6.81 | 0.32 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 13.34 | 25.2 | 29.9 | 24.46 | 15.03 | 16.3 | 1.18 | -88.73 | N/A | N/A |
| ROCE (%) | 17.58 | 24.64 | 26.61 | 25.26 | 20.99 | 14.3 | 8.46 | -33.61 | N/A | N/A |
| Asset Turnover Ratio | 1.78 | 1.84 | 1.7 | 1.33 | 1.32 | 1 | 0.72 | 0.33 | 0.15 | 0.07 |
| PAT to CFO Conversion(x) | -1.95 | -0.48 | 1.07 | -0.75 | -0.94 | -0.05 | 16.14 | N/A | N/A | N/A | Working Capital Days |
| Receivable Days | 71 | 73 | 58 | 86 | 108 | 143 | 185 | 332 | 663 | 1,333 |
| Inventory Days | 90 | 82 | 54 | 59 | 62 | 83 | 128 | 310 | 515 | 374 |
| Payable Days | 62 | 51 | 18 | 54 | 69 | 72 | 90 | 186 | 356 | 342 |
CMI Ltd was incorporated on June 22, 1967, was originally promoted by Late Shantilal M. Choudhari under the name of Choudhari Metal Industries Pvt Ltd. The company's name was changed to CMI Pvt Ltd. with effect from November 7, 1985. The company was subsequently converted into a Deemed Public Company on June 15, 1988 and subsequently the company passed the special resolutions at the Extra Ordinary General Meeting held April 10, 1992, for deleting the restrictive clauses of section 3(1)(iii) of the Act. As such, the company became a Public Limited Company within the meaning of Section 3(1) (iv) of the Act.
The company commenced business in 1969 as a copper trading company and in early seventies started wire drawing of non-ferrous metals especially copper. In 1980, CMI diversified its activities by setting up facilities for the manufacture of Dry Core Telecommunication Cables. The company over the period shifted emphasis from copper trading to cable manufacture where value addition was higher. With the aid of its in-house research and development, the company started the manufacture of Fire Resistant Low Smoke Cables, Instrumentation cables, Control cables and in 1990, commenced the production of JFTC.
Over the span of 25 years, CMI has supplied its product(s) to reputed Private and Public Sector Organizations like Department of Telecommunications (DoT), Mahanagar Telephone Nigam Ltd., State Electricity Boards, Engineers India Ltd., TISCO, Indian Railways, TELCO Bharat Heavy Electricals Ltd., L & T, Reliance, Gujarat State Fertilizers Corporation etc. JFTC has been supplied to Indian Railways, Gas Authority of India Ltd., TELCO, Tata Telecom and other reputed companies.
CMI is an ISO 9001 Company enjoying the goodwill of the market and customer. The ISO Certificate was awarded in the year 1998-1999.
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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