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Cable Corporation Of India Ltd Stock Analysis

Small Cap
Evaluated by 139 users | BSE: 500077 | NSE: CCI |
Cable
Cable Corporation of India (CCI) was promoted in 1957 by Siemens A G, Felten and Guileaume A G of Germany and the Khataus and Thackerseys of India. The company is the industry leader in India having an ISO 9001 Quality Management System certification from BVQI.It has all the necessary...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed -5.85%11.04%2.1%14.77%-3.04%-3.11%-7.43%-0.1%30.2%-16.31%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 12924219121313698.313810722590
Y-o-Y Gr. Rt.-88.2%-21.4%11.5%-35.8%-28%40.2%-22.5%110.9%-60.1%
Adjusted EPS (Rs.) -5.152.2-2.472.35-2.79-3-4.9-2.844.99-5.49
Y-o-Y Gr. Rt.-NA-212.3%NA-218.7%NANANANA-210%
Book Value per Share (Rs.) 20.5319.1516.5818.9316.1515.2210.27.312.296.79
Adjusted Net Profit -32.317-19.118.2-21.6-23.2-37.9-2238.6-42.5
Net Op. Cash Flow (Rs. Cr.) 16.4-12.630.81621.6-1.825.73595.713.8
Debt to Cash Flow from Ops 8.76-15.667.120.6364.48-82.166.594.660.729.5
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Cable Corporation Of India Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -3.9%-8%-13.3%-60.1%
Adjusted EPS NANANA-210%
Book Value per Share -11.6-15.9-12.7-44.8
Share Price - - - -
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) -20.2711.7-13.8213.25-15.9-19.14-38.59-32.5150.94-57.58
Operating Profit Margin (%) -21.1223.2913.1729.656.61.8-3.3212.7231.05-21.55
Net Profit Margin (%) -25.097.03-10.018.55-15.8-23.61-27.51-20.5817.12-47.2
Debt to Equity 11.331.710.70.81.242.152.890.722.5
Working Capital Days 543314393264262364285398198447
Cash Conversion Cycle 399181196584513611311316110
Entity Percentage Holding
Promoters 92.56%
Institutions 2.08%
Non-Institutions 5.36%
Pledged *17.9117.9117.9117.9117.9122.6822.6822.6818.790.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

Data is not available for this company.

Data is not available for this company

Cable Corporation of India (CCI) was promoted in 1957 by Siemens A G, Felten and Guileaume A G of Germany and the Khataus and Thackerseys of India. The company is the industry leader in India having an ISO 9001 Quality Management System certification from BVQI.

It has all the necessary hardware, software and

Cable Corporation of India (CCI) was promoted in 1957 by Siemens A G, Felten and Guileaume A G of Germany and the Khataus and Thackerseys of India. The company is the industry leader in India having an ISO 9001 Quality Management System certification from BVQI.

It has all the necessary hardware, software and infrastructure to manufacture a wide range of power cables and control cables. Besides, it also has a nationwide marketing and sales network along with regional warehouses to cater to the diverse needs of its customers.

CCI has a wide product range for power or control cables ranging from 250 V to 230 kV covered under the strongest brand names of Tropodur, Tropothen, Tropothen-S, Tropoflex, Tropoplast and Tropotherm cables. The company is an exclusive licensee of Siemens AG cable trade names in India and controls about 21% of the organized power cable market in India.

It manufactures PVC, XLPE, Paper, Fluoropolymer and Elastomeric insulated power cables under the above trade names. It is also specialized in the areas of specialty cables like HVDC cables, Mining cables, Aerial Bunched Cables (33 kV), Winding wires etc. The cables manufactured by CCI correspond to various International Standards like BS, VDE, IEC, GOST, in addition to BIS, and client specifications.

The company currently has a pan-India presence with its network spread over 10 major locations in India and a dedicated manpower strength of over 1,200 people. Its corporate philosophy is ‘Total Cable Service - from concept to commissioning’, which is in harmony with the company’s Quality Policy ‘To sustain and enhance company’s reputation for product quality at competitive prices in national and international markets and to meet customer’s expectations’.

Its quality products are exported to South Africa, Sri Lanka, Bangladesh, Mauritius, Kuwait, Singapore and other countries.

CCI was the only company in Asia to have the technical collaboration with Mitsubishi Cable Industries of Japan for the MDCV process for manufacturing EHV XLPE cables with rights to patent and know how and rights to sell these cables anywhere outside Japan.

The company has been awarded World Bank business tenders against International competition.

Manufacturing units:

CCI has two manufacturing plants in India:

  • Fully integrated manufacturing facility at Borivli, Mumbai spread over 1,50,000 sq.m.
  • New state of the art plant at Nashik, Maharashtra, spread over 67,000 sq.m., commissioned in March 1997

Product and Services:

It covers a wide range of products which include:

  • PILC Cables 
  • XLPE Cables 
  • PVC Cables 
  • Elastomer Cables 
  • EHV Cables 
  • FRLS Cables 

CCI is the only company in India which offers `Total Cable Service' to customers from `Concept to Commissioning'. Some of the technical services offered by CCI are :

  • Supply of power and control cables as per customer requirements.
  • Supply of cable accessories, jointing & termination kits.
  • Supply of transformers.
  • Designing cables and cabling systems for project.
  • Erection and commissioning services for cables.
  • Total project and turnkey services.
  • Jointing services for EHV cables.

Milestones:

CCI has a tradition of milestones of achievements. Some of the more significant are given below:

  • 1960 - Tropodur (PVC) wires and cables introduced in the Indian market
  • 1961 - Manufacture of Paper Insulated Lead Sheathed cables commenced
  • 1962 - Indigenous manufacture of Tropodur PVC compound started
  • 1963 - Unique welding process for aluminium conductor cable termination/ Joints developed
  • 1966 - Tropodur 3.3 kV cables for mining application manufactured and supplied
  • 1967 - Manufacture of 3 kV and 5 kV PVC insulated airport lighting cable with moulded plug/socket
  • 1968 - Manufacture of 33 kV Paper Insulated Lead Sheathed cables commenced
  • 1969 - 11kV Tropodur Cables introduced for the first in India as replacement for Paper Insulated Lead Sheathed Cables.
  • 1976 - 70 kV DC cables for Electrostatic Precipitator developed
  • 1977 - PVC compounds suitable for operation upto 105o C as per VDE 0209 developed
  • 1979 - Manufacture of Tropothen-X XLPE cables upto 33 kV commenced
  • 1983 - Tropoflex Elastomer trailing flexible cables upto 11 kV in single continuous length of 1000 m manufactured for the frst time in India
  • 1984 - Flame Retardant Low Smoke (FRLS) and Fire Survival (FS) cables developed for the first time and large quantities supplied to Electricity Boards.
  • 1985 - Application oriented compounds for Elastomer cables for Mining, Material handling, Ship wiring, Locomotives etc. developed indigenously
  • 1986 - Manufacture of Tropotherm Silicone rubber insulated cables commenced
  • 1988 - Manufacture of Tropoflur fluoroplastic insulated wires and cables started
  • 1989 - First in Asia, outside Japan, to get license to make EHV cables with patented MDCV process from Mitsubishi Cable Industries, Japan
  • 1991 - Tropothen-S Super tension 132 kV, XLPE Cables manufactured for the first time in India.
  • 1991 - Seismic, Undersea, Degaussing, X-Ray HT DC Cables developed as import substitution.
  • 1992 - Tropothen-S Super tension 230 kV, XLPE Cables manufactured for the first time in India.
  • 1993 - Successfully tested the first 220 kV XLPE cables at NV KEMA, Netherlands.
  • 1994 - Successfully manufactured and installed the 230 kV XLPE cable for TNEB at Kadamparai, Tamil Nadu
  • 1994 - Obtained the ISO:9001 Quality Management System Certification, the first cable company in India to obtain this certification
  • 1995 - Commissioned 2000 MT Aluminium Press for metallic sheathing of EHV cables.
  • 1996 - EHV jointers' service extended to overseas project.
  • 1996 - Successfully developed electromagnetic Mine Sweeping cables (TEM3) for Navy and developed elastomeric cables for Degaussing of ships
  • 1996 - Low Halogen Non-toxic cables manufactured.
  • 1997 - Successfully developed, manufactured and supplied High Voltage Cables with segmental (Milliken) conductor for the first time in India
  • 1997 - Largest exporter of power cables from India.
  • 1998 - 33kV Aerial Bunched Conductor (ABC) cables developed and supplied.
  • 1998 - Submarine cable supplied, installed between the mainland and Vivekananda Rock Memorial in Tamil Nadu.
  • 1998 - First and only company in India to manufacture & install Extra High Voltage Cable (TROPOTHEN-S ®) with corrugated aluminium sheathing.
  • The shareholders of Cable Corporation of India approved the Scheme of Arrangement between Prithvi Consultancy Services and the company at a meeting held on April 28, 2009.
  • 2010 - Manufactured & Supplied 128 Km of 230 kV XLPE cables.
  • 2011 - The Company installs cables for India's first F1 race track.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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