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CMI Ltd. Stock Analysis

Small Cap
Evaluated by 591 users | BSE: 517330 | NSE: CMICABLES |
Cable
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...

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 12.41%13.69%13.6%11.57%11.43%17.09%18.46%17.15%14.16%13.04%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 48.35972.888.6105136240307560637
Y-o-Y Gr. Rt.-22.2%23.5%21.6%18.7%29.1%76.9%27.9%82.3%13.8%
Adjusted EPS (Rs.) 6.276.36.44.224.365.512.0515.1817.229.92
Y-o-Y Gr. Rt.-0.5%1.6%-34.1%3.3%26.2%119.1%26%13.3%74%
Book Value per Share (Rs.) 19.6426.2232.634.9939.9931.3455.2671.52158.5208.56
Adjusted Net Profit 1.922.21.51.56.31722.425.945
Net Op. Cash Flow (Rs. Cr.) 2.31.6-4.43-3.5-318.2-16.9-24.30.7
Debt to Cash Flow from Ops 7.1711.14-6.1910.48-10.92-11.025.4-5.34-8.98399.43
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.
CMI Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 33.2%43.4%38.4%13.8%
Adjusted EPS 19%47%35.4%74%
Book Value per Share 3039.155.731.6
Share Price 8.7% -31.2% -43.8% -48.6%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 34.5825.2221.3412.6711.6324.6329.2524.3115.0316.3
Operating Profit Margin (%) 7.688.78.948.57.610.613.6114.0512.0611.43
Net Profit Margin (%) 3.973.432.961.681.474.647.067.34.627.05
Debt to Equity 2.782.172.52.522.660.931.270.850.910.9
Working Capital Days 163157168177179175190240208259
Cash Conversion Cycle 878193961071099695111165
Entity Percentage Holding
Promoters 43.96%
Institutions 6.04%
Non-Institutions 50.00%
Pledged *23.3023.3023.3046.2346.2346.2346.170.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of CMI's performance infers:

CMI earnings have grown by 47%, whereas share price has depreciated -31.2% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of CMI share prices over the last 10 years. Here is what we found out:

CMI share price has depreciated 2.9% annually over the past ten years.

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

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.

Products

  • LT PVC/XLPE Power Cu./AI. conductor Cables with FRLS/LSZH properties
  • LT PVC/XLPE Control Cables with FRLS/LSZH properties
  • FRLS/ LSZH Control and Instrumentation Cables
  • Thermocouple Compensating and Extension Cables
  • Shielded, Braided, Individual / Overall Instrumentation Cables with FRLS/LSZH properties
  • FRLS/FR/HR/HFFR/HOFR/RUBBER-Power, Control and Instrumentation Cables
  • L. T. Aerial Bunched Cables
  • Railway Signaling Cable and Axle Counter Quad Cables for Railway
  • Jelly Filled telecom Cables
  • Pulse Code Modulated Cables (PCM)
  • Computer Cables
  • Coaxial Cables
  • Submersible Cables
  • House Wiring Cables
  • Automobile Wiring
  • PTFE Insulated Cable.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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