Marco Cables & Conductors Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: MARCO | Cable | Small Cap

BSE Share Price
Not Listed

DeciZen - make an informed investing decision on Marco Cables

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

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Semi Strong

Marco Cables & Conductors stock performance -

mw4me loader
P/E Ratio (SA):
35.64
Market Cap:
100 Cr.
52-wk low:
0
52-wk high:
0

Is Marco Cables & Conductors Ltd an attractive stock to invest in?

1. Is Marco Cables & Conductors Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Marco Cables & Conductors Ltd is a below average quality company.

2. Is Marco Cables & Conductors Ltd undervalued or overvalued?

The key valuation ratios of Marco Cables & Conductors Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Marco Cables & Conductors Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Marco Cables & Conductors 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 Marco Cables:

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.
Marco Cables & Conductors Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'21Mar'22Mar'23TTM
ROCE % 8.6%7.1%7.1%8.2%8.8%10%1.5%10.3%9%12.6%-
Value Creation
Index
-0.4-0.5-0.5-0.4-0.4-0.3-0.9-0.3-0.4-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 432530.73027.543.4042.456.456.857
Sales YoY Gr.--41.8%22.5%-2%-8.5%58.1%-100%NA33.1%0.6%-
Adj EPS 0.40.20.30.20.20.40.40.10.21.51.5
YoY Gr.--55.6%56.3%-4%-16.7%80%16.7%-85.7%266.7%568.2%-
BVPS (₹) 4.64.855.25.45.86.26.36.59.723.9
Adj Net
Profit
0.30.10.20.20.20.30.40.10.32.43
Cash Flow from Ops. 000000-1.9-5.13.10.4-
Debt/CF from Ops. 000000-10.8-6.911.9102.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3.1%15.6%NA0.6%
Adj EPS 16.9%49%51.8%568.2%
BVPS8.7%12.3%16%48.6%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'21Mar'22Mar'23TTM
Return on
Equity %
7.83.55.14.73.86.56.91.23.518.88.9
Op. Profit
Mgn %
5.47.567.68.76.5012.410.715.8NAN
Net Profit
Mgn %
0.70.60.70.70.60.700.20.64.24.9
Debt to
Equity
3.53.33.13.32.73.43.83.93.92.4-
Working Cap
Days
023721822926819903483143600
Cash Conv.
Cycle
0178-4,31217015612002212062370

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 8.90%

Net Profit is growing at healthy rate in last 3 years 51.83%

Debt to equity has declined versus last 3 years average to 2.41

Sales growth has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Marco Cables & Conductors Ltd.

Standalone Consolidated
TTM EPS (₹) 1.5 -
TTM Sales (₹ Cr.) 56.8 -
BVPS (₹.) 23.9 -
Reserves (₹ Cr.) 26 -
P/BV 2.24 -
PE 35.64 -
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 100
Equity (₹ Cr.) 18.7
Face Value (₹) 10
Industry PE 44.1

Management X-Ray of Marco Cables:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Marco Cables

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Balance Sheet

(All Figures are in Crores.)

Profit And Loss

(All Figures in Cr. Adjusted EPS in Rs.)

Cash Flow

(All Figures are in Crores.)

Marco Cables & Conductors Ltd Stock News

Marco Cables & Conductors Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Marco Cables on 01-Jan-1970 05:30 is ₹0.00.
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 01-Jan-1970 05:30 the market cap of Marco Cables stood at ₹100.0.
The latest P/E ratio of Marco Cables as of 01-Jan-1970 05:30 is 35.64.
The latest P/B ratio of Marco Cables as of 01-Jan-1970 05:30 is 2.24.
The 52-week high of Marco Cables is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Marco Cables is ₹56.77 ( Cr.) .

About Marco Cables & Conductors Ltd

Marco Cables & Conductors was originally incorporated as a private limited under the name ‘Marco Cables Private Limited’ under the provisions of Companies Act 1956 and Certificate of Incorporation was issued by the Registrar of Companies, Mumbai on April 13, 1989. Subsequently, the name of the company was changed to ‘Marco Cables & Conductors Private Limited’ vide Shareholders Resolution dated April 25, 2023 with Certificate of Incorporation pursuant to change of name issued by Registrar of Companies, Mumbai dated May 22, 2023. Eventually, the status of the company was changed to Public Limited and the name of the company was changed to ‘Marco Cables & Conductors Limited’ vide Special Resolution passed by the Shareholders at the Extra-Ordinary General Meeting of the company held on May 25, 2023. The fresh Certificate of Incorporation consequent to conversion was issued on June 19, 2023 by the Registrar of Companies, Mumbai.

The company is engaged in the business of manufacturing and selling of wires, cables wires and conductors in India. It commenced its operations with manufacturing of wires (with aluminium / copper conductor), XLPE /PVC cables, Aerial Bunched Cables, subsequently it included AAAC (All Aluminium Alloy Conductor) and ACSR (Aluminium Conductor Steel Reinforced) Conductors and had made its presence in the industry. It has been manufacturing XLPE, PVC & Aerial Bunched Cables.

Majority of its products are supplied to electricity boards of different states like Maharashtra, Gujarat, Tamil Nadu, Telangana, Haryana, Chhattisgarh, Madhya Pradesh etc. and turnkey contractors of India. Its products cover entire range of voltage & transmission lines suitable up to 1.1 KV. Its products are also certified as compliant with various quality standards including Bureau of Indian Standards (BIS) and International Organization for Standardization (ISO). Its manufacturing facilities are equipped with in-house testing laboratory to ensure that the finished products match the quality standards and certifications as specified. 

It sells its products through a diversified sales & distribution mix, majorly by 1) securing government tenders for supply to government projects 2) supply to EPC contractors for turnkey projects and 3) direct sales to few private companies. Over the years, it has made continuous investments in its manufacturing infrastructure to support its product portfolio requirements and reach. Its capabilities as a company includes strict quality assurance system, in-depth production designing experience and established marketing and distribution relationships. It strives to deliver customized products and provide quality services.

Business area of the company 

The company is engaged in the business of manufacturing and selling of wires, cables and conductors in India.

Products of the company 

  • LT XLPE cables
  • LT PVC cables
  • LT Aerial Bunched Cables (ABC)
  • AAAC conductors
  • ACSR conductors

History and milestones 

  • 1989: Incorporation of the company as private limited company.
  • 1989: Establishment of the manufacturing facility in Nashik.
  • 1990: Received BIS Licence as per IS:1554 (Part 1):1976 for production of PVC insulated (heavy duty) electric cables.
  • 1996: Received BIS Licence as per IS:7098(Part 1):1988 for production of XLPE insulated and PVC Sheathed cables and Armoured and unarmoured with aluminium conductor single or multicore, excluding cables for use in mining.
  • 2001: Had procure its first Government Tender from Maharashtra State Electricity Board.
  • 2005: Received Quality Management System Certificate IS/ISO 9001: 2000.
  • 2006: Received BIS Licence Marks Licence as per IS:14255-1995 for production of Aerial Bunched Cables for working voltages up to and including 1100 volts.
  • 2016: The Company surpasses the Rs 50 crore revenue mark.
  • 2018: Received BIS Licence as per IS 398 (Part 4): 1994 for production of aluminium conductors for overhead transmission purposes: Part 4 Aluminium alloy, stranded conductors (aluminium magnesium silicon type).
  • 2019: Received BIS Licence as per IS 398 (Part 2): 1996 for production of aluminium conductors for overhead transmission purposes: Part 2 Aluminium conductors, galvanized steel reinforced.
  • 2019: The Company surpasses the Rs 100 crore revenue mark.
  • 2019: Received Environment Management System Certificate ISO 14001: 2015.
  • 2021: Received BQSR Certificate ISO 9001: 2015.
  • 2023: Name of the company changed to Marco Cables & Conductors Private Limited.
  • 2023: Conversion of the company from Private Limited to Public Limited Company. 

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