Cords Cable Industries Ltd - Stock Valuation and Financial Performance

BSE: 532941 | NSE: CORDSCABLE | Cable | Small Cap

Cords Cable Inds Share Price

175 5.35 3.15%
as on 28-Mar'24 14:25

DeciZen - make an informed investing decision on Cords Cable Inds

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Cords Cable Industries stock performance -

mw4me loader
P/E Ratio (SA):
24.49
Market Cap:
219.3 Cr.
52-wk low:
60.6
52-wk high:
212

Is Cords Cable Industries Ltd an attractive stock to invest in?

1. Is Cords Cable Industries Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Cords Cable Industries Ltd is a average quality company.

2. Is Cords Cable Industries Ltd undervalued or overvalued?

The key valuation ratios of Cords Cable Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Cords Cable Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Cords Cable Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Cords Cable Inds:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

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.
Cords Cable Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 8.9%9.5%10%11.3%11.4%11.1%12.8%8.9%9.6%9.8%-
Value Creation
Index
-0.4-0.3-0.3-0.2-0.2-0.2-0.1-0.4-0.3-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 263265283323365417421323438526591
Sales YoY Gr.-0.8%6.9%14.2%13%14.1%1%-23.2%35.5%20.2%-
Adj EPS 2.32.52.54.15.15.68.43.34.95.66.9
YoY Gr.-8.7%-0.4%65.5%23.5%10.4%48.6%-60.5%47%16.1%-
BVPS (₹) 91.993.790.193.698.4104.1109.3112.7117.6123.2128.4
Adj Net
Profit
2.62.93.25.36.67.310.84.36.37.39
Cash Flow from Ops. 31.822.52318.919.917.742.118.129.935-
Debt/CF from Ops. 2.332.73.645.124.73.12.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8%7.6%7.7%20.2%
Adj EPS 10.5%2%-12.3%16.1%
BVPS3.3%4.6%4.1%4.7%
Share Price 28.8% 21.2% 63.8% 178.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
2.52.72.84.55.35.67.834.24.75.5
Op. Profit
Mgn %
10.110.410.410.39.89.49.910.78.77.56.8
Net Profit
Mgn %
11.11.11.71.81.72.61.31.41.41.5
Debt to
Equity
0.70.60.50.60.60.70.60.60.60.5-
Working Cap
Days
20520819717114113414518213812777
Cash Conv.
Cycle
2733354752576185776429

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 5.50%

Debt to equity has declined versus last 3 years average to 0.52

Sales growth is good in last 4 quarters at 14.18%

Sales growth has been subdued in last 3 years 7.73%

Net Profit has been subdued in last 3 years -12.31%

Latest Financials - Cords Cable Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 6.9 -
TTM Sales (₹ Cr.) 591 -
BVPS (₹.) 128.4 -
Reserves (₹ Cr.) 153 -
P/BV 1.32 -
PE 24.49 -
From the Market
52 Week Low / High (₹) 60.60 / 212.00
All Time Low / High (₹) 10.01 / 212.00
Market Cap (₹ Cr.) 219
Equity (₹ Cr.) 12.9
Face Value (₹) 10
Industry PE 45.3

Management X-Ray of Cords Cable Inds:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Cords Cable Inds

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales263265283323365417421323438526
Operating Expenses 237238254290330378379289400487
Manufacturing Costs14131414131721172327
Material Costs204204218255292335327242343421
Employee Cost 14151514161822192124
Other Costs 66789810111315
Operating Profit 26272933353942353840
Operating Profit Margin (%) 9.8%10.3%10.3%10.2%9.7%9.4%9.9%10.7%8.7%7.5%
Other Income 2222222111
Interest 20202122232426232423
Depreciation 5555567778
Exceptional Items 0000000000
Profit Before Tax 3458911116910
Tax 1123340223
Profit After Tax 23356711467
PAT Margin (%) 0.8%1.0%1.1%1.6%1.7%1.8%2.5%1.3%1.5%1.4%
Adjusted EPS (₹)1.62.22.34.04.85.78.33.44.95.6
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 107109118121127135141146152159
Share Capital 13131513131313131313
Reserves 9496104108114122128133139146
Minority Interest0000000000
Debt65625565768179798475
Long Term Debt169312151712221620
Short Term Debt49535253616467576856
Trade Payables90928670667280526781
Others Liabilities 21212323172216172021
Total Liabilities 283284283279286309315294324337

Fixed Assets

Gross Block137138138139146155163167171176
Accumulated Depreciation33394449535967748189
Net Fixed Assets104999490929696939087
CWIP 1110000066
Investments 0000010000
Inventories45484847546060597063
Trade Receivables84879593102113121109129149
Cash Equivalents 18171925262024182220
Others Assets3132262312191415811
Total Assets 283284283279286309315294324337

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 32232319201842183035
PBT 3458911116910
Adjustment 23242425272831323030
Changes in Working Capital 7-4-5-13-15-173-18-6-2
Tax Paid -1-1-1-2-1-5-3-2-3-3
Cash Flow From Investing Activity 110-2-7-3-124-10-6
Capex 0-100-8-10-9-4-10-6
Net Investments 000-4-15-46-1-1
Others 2302221111
Cash Flow From Financing Activity -31-25-21-17-13-15-30-21-17-33
Net Proceeds from Shares 0060000000
Net Proceeds from Borrowing 0000000000
Interest Paid -20-20-21-22-23-24-26-22-24-23
Dividend Paid 0000000000
Others -11-4-75109-517-9
Net Cash Flow 2-12000003-4
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)1.962.552.784.365.045.627.733.034.284.64
ROCE (%)12.3813.3714.4416.2416.1916.3616.2312.7113.5213.68
Asset Turnover Ratio11.011.11.261.521.641.551.241.671.87
PAT to CFO Conversion(x)167.677.673.83.332.573.824.555
Working Capital Days
Receivable Days106109107978380881118482
Inventory Days62595649434245574539
Payable Days158163149112857584996364

Cords Cable Industries Ltd Stock News

Cords Cable Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Cords Cable Inds on 28-Mar-2024 14:25 is ₹175.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 14:25 the market cap of Cords Cable Inds stood at ₹219.3.
The latest P/E ratio of Cords Cable Inds as of 28-Mar-2024 14:25 is 24.49.
The latest P/B ratio of Cords Cable Inds as of 28-Mar-2024 14:25 is 1.32.
The 52-week high of Cords Cable Inds is ₹212.0 and the 52-week low is ₹60.60.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Cords Cable Inds is ₹590.5 ( Cr.) .

About Cords Cable Industries Ltd

Cords Cable Indsustries Ltd. was established in 1987, founded by a group of industry professionals with an objective of catering to a growing requirement for high quality customized cables.

Cords is in the business of providing cost-effective and quality solutions for various electrical connectivity requirements. Presently, it accomplish this through customized design and development, quality manufacturing and reliable delivery of all types of LT range cables and household wires

Over the years Cords has developed a wide range of specialized cables to address the specific requirements of industries involving modern process technologies, instrumentation and communication demanding the highest standards of precision and reliability, and household users seeking products with assured quality and safety.

Cords is in the business of providing cost-effective and quality solutions for various electrical connectivity requirements.Presently, they accomplish this through customized design and development, quality manufacturing and reliable delivery of all types of LT range cables and household wires.

Product range of the company includes:

  • LV Power & Control cables
  • Instrumentation cables
  • Thermocouple Extension cables
  • Compensating cables
  • Telephone cables
  • Panel wires
  • Customised cables.

Achievements/ recognition :

  • Only Cable Company in Asia – Pacific to be listed in Forbes Asia’s Best under a $ billion list 2008.
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.