Relicab Cable Manufacturing Ltd

About [ edit ]

Relicab Cable Manufacturing Limited is an India-based company, which is engaged in the business of manufacturing and marketing of polyvinyl chloride (PVC) compounds, and wires and cables.

  • Market Cap 25.0 Cr.
  • Current Price 43.0
  • High / Low 45.0 / 30.0
  • Stock P/E
  • Book Value 14.9
  • Dividend Yield 0.00 %
  • ROCE -10.6 %
  • ROE -38.2 %
  • Face Value 10.0

Pros

  • Debtor days have improved from 59.86 to 24.12 days.

Cons

  • Stock is trading at 2.88 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -3.80%
  • The company has delivered a poor sales growth of 0.72% over past five years.
  • Company has a low return on equity of -7.49% for last 3 years.
  • Company's cost of borrowing seems high

Peer comparison

Sector: Cables Industry: Cables - Power

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Quarterly Results

Figures in Rs. Crores

Operating Profit
OPM %
Other Income
Interest
Depreciation
Profit before tax
Tax %
Net Profit
EPS in Rs

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
15.57 15.77 11.97 11.09 11.83 15.50 18.70 21.00 22.54 12.26
14.80 14.82 11.01 9.98 10.52 14.12 17.13 18.93 19.65 14.36
Operating Profit 0.77 0.95 0.96 1.11 1.31 1.38 1.57 2.07 2.89 -2.10
OPM % 4.95% 6.02% 8.02% 10.01% 11.07% 8.90% 8.40% 9.86% 12.82% -17.13%
Other Income 0.08 0.07 0.05 0.05 0.10 0.11 0.16 0.23 0.29 1.84
Interest 0.69 0.83 0.88 1.01 1.12 1.11 1.36 1.42 1.39 1.70
Depreciation 0.11 0.09 0.08 0.07 0.10 0.12 0.15 0.18 0.23 0.18
Profit before tax 0.05 0.10 0.05 0.08 0.19 0.26 0.22 0.70 1.56 -2.14
Tax % 40.00% 30.00% 40.00% 25.00% 31.58% 34.62% 40.91% 25.71% 30.13% 0.47%
Net Profit 0.04 0.07 0.03 0.06 0.13 0.18 0.14 0.52 1.10 -2.13
EPS in Rs 8.00 7.00 3.00 6.00 0.44 0.39 0.31 0.96 2.04 -3.94
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years:%
5 Years:1%
3 Years:-13%
TTM:-46%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-437%
Stock Price CAGR
10 Years:%
5 Years:16%
3 Years:6%
1 Year:30%
Return on Equity
10 Years:%
5 Years:-5%
3 Years:-7%
Last Year:-38%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
0.50 1.00 1.00 1.00 2.97 4.58 4.58 5.40 5.40 5.40
Reserves 0.10 0.17 0.20 0.26 0.13 1.46 1.61 4.28 5.39 3.26
Borrowings 3.53 3.43 3.93 4.85 3.57 7.60 9.09 6.39 9.75 8.97
4.93 3.66 4.71 3.49 4.43 2.30 3.78 5.73 5.73 7.45
Total Liabilities 9.06 8.26 9.84 9.60 11.10 15.94 19.06 21.80 26.27 25.08
0.59 0.51 0.49 0.42 0.39 0.63 0.58 1.08 0.91 0.74
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.21 0.34 0.00 0.00 0.00 0.00 0.00 0.00
8.47 7.75 9.14 8.84 10.71 15.31 18.48 20.72 25.36 24.34
Total Assets 9.06 8.26 9.84 9.60 11.10 15.94 19.06 21.80 26.27 25.08

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
2.42 0.47 0.67 0.17 0.56 -4.79 -0.15 3.21 -3.39 2.63
0.01 0.05 -0.22 -0.09 -0.06 -0.92 -0.08 -0.57 0.43 0.17
-2.21 -0.42 -0.39 -0.16 -0.51 5.76 0.31 -2.34 3.12 -2.07
Net Cash Flow 0.22 0.10 0.06 -0.08 -0.01 0.05 0.09 0.29 0.16 0.72

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 21.31% 19.12% 19.40% 20.03% 13.49% 10.93% 13.52% 16.12% -10.58%
Debtor Days 91.66 68.51 82.33 88.53 88.55 75.12 113.99 68.65 86.80 24.12
Inventory Turnover 3.94 2.31 1.82 1.71 1.69 1.85 1.68 1.32 0.82

Shareholding Pattern

Numbers in percentages

Mar 2016 Sep 2016 Mar 2017 Sep 2017 Mar 2018 Sep 2018 Mar 2019 Sep 2019 Mar 2020 Sep 2020 Mar 2021
64.91 64.91 64.91 55.07 55.07 55.07 55.07 55.07 55.07 55.07 51.27
35.09 35.09 35.09 44.93 44.93 44.93 44.93 44.93 44.93 44.93 48.73

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