Relicab Cable Manufacturing Ltd

Relicab Cable Manufacturing Ltd

₹ 103 -0.24%
24 May - close price
About

Incorporated in 1992, Relicab Cable Manufacturing Ltd is an SME which does manufacturing and marketing of PVC Compounds, Wires and Cables

Key Points

Product Profile:[1]
a) Copper Conductors[2]
b) Wires[3]
c) PVC Compounds[4]
d) Cables[5]

Products are further sub-categorized as:
Power And Control Cables, Uninyvin Cables, Instrumentation Cables, PVC Insulated Cables, PVC Sheathed Cables, Auto And Battery Cables, Submersible & Dewatering Cables, Flat Elevator Cable (Lift Cable), Screen Cables, Mains Cords and Connectors, Telecommunication Cables, Tailor Made Cables (Specialty Cables), Wire Harnesses, All Types Of PVC Compounds (Insulation, Sheathing, Inner sheath, HR, FR, FRLS & Master batches)

  • Market Cap 104 Cr.
  • Current Price 103
  • High / Low 120 / 57.0
  • Stock P/E
  • Book Value 11.3
  • Dividend Yield 0.00 %
  • ROCE 17.2 %
  • ROE 14.7 %
  • Face Value 10.0

Pros

  • Company's working capital requirements have reduced from 196 days to 139 days

Cons

  • Stock is trading at 9.15 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 28.0%
  • Company has a low return on equity of 3.19% over last 3 years.
  • Promoters have pledged 99.9% of their holding.
  • Debtor days have increased from 94.8 to 114 days.
  • Promoter holding has decreased over last 3 years: -23.3%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Cables Industry: Cables - Power

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Quarterly Results

Figures in Rs. Crores

Sep 2022 Dec 2022 Jun 2023 Sep 2023 Dec 2023
7.20 9.19 7.88 8.61 7.50
6.70 9.26 7.21 7.72 6.51
Operating Profit 0.50 -0.07 0.67 0.89 0.99
OPM % 6.94% -0.76% 8.50% 10.34% 13.20%
0.15 0.90 0.16 0.19 0.06
Interest 0.57 0.51 0.64 0.71 0.70
Depreciation 0.03 0.04 0.07 0.09 0.07
Profit before tax 0.05 0.28 0.12 0.28 0.28
Tax % 0.00% 0.00% -25.00% -10.71% 10.71%
0.05 0.28 0.15 0.30 0.26
EPS in Rs 0.05 0.28 0.15 0.30 0.26
Raw PDF
Upcoming result date: 29 May 2024

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
15.77 11.97 11.09 11.83 15.50 18.70 21.00 22.54 12.26 14.59 33.60 34.73
14.82 11.01 9.98 10.52 14.12 17.13 18.93 19.65 14.36 13.76 31.63 31.02
Operating Profit 0.95 0.96 1.11 1.31 1.38 1.57 2.07 2.89 -2.10 0.83 1.97 3.71
OPM % 6.02% 8.02% 10.01% 11.07% 8.90% 8.40% 9.86% 12.82% -17.13% 5.69% 5.86% 10.68%
0.07 0.05 0.05 0.10 0.11 0.16 0.23 0.29 1.84 0.23 0.11 0.13
Interest 0.83 0.88 1.01 1.12 1.11 1.36 1.42 1.39 1.70 1.73 1.54 2.19
Depreciation 0.09 0.08 0.07 0.10 0.12 0.15 0.18 0.23 0.18 0.14 0.15 0.15
Profit before tax 0.10 0.05 0.08 0.19 0.26 0.22 0.70 1.56 -2.14 -0.81 0.39 1.50
Tax % 30.00% 40.00% 25.00% 31.58% 34.62% 40.91% 25.71% 30.13% 0.47% -1.23% 43.59% 0.00%
0.07 0.03 0.06 0.13 0.18 0.14 0.52 1.10 -2.13 -0.81 0.22 1.50
EPS in Rs 3.50 1.50 3.00 0.25 0.22 0.18 0.55 1.17 -2.27 -0.80 0.22 1.49
Dividend Payout % 0.00% 0.00% 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: 11%
5 Years: 11%
3 Years: 41%
TTM: 3%
Compounded Profit Growth
10 Years: 48%
5 Years: 24%
3 Years: 34%
TTM: 582%
Stock Price CAGR
10 Years: %
5 Years: 33%
3 Years: 61%
1 Year: 64%
Return on Equity
10 Years: -1%
5 Years: -4%
3 Years: 3%
Last Year: 15%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 1.00 1.00 1.00 2.97 4.58 4.58 5.40 5.40 5.40 5.80 5.80 10.09 10.09
Reserves 0.17 0.20 0.26 0.13 1.46 1.61 4.28 5.39 3.26 3.45 3.67 0.88 1.28
3.43 3.93 4.85 3.57 7.60 9.09 6.39 9.75 8.97 10.01 11.96 10.63 9.79
3.66 4.71 3.49 4.43 2.30 3.78 5.73 5.73 7.45 10.14 11.02 13.59 14.97
Total Liabilities 8.26 9.84 9.60 11.10 15.94 19.06 21.80 26.27 25.08 29.40 32.45 35.19 36.13
0.51 0.49 0.42 0.39 0.63 0.58 1.08 0.91 0.74 0.58 0.64 0.60 1.78
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.29 0.29 0.29
Investments 0.00 0.21 0.34 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
7.75 9.14 8.84 10.71 15.31 18.48 20.72 25.36 24.34 28.82 31.52 34.30 34.06
Total Assets 8.26 9.84 9.60 11.10 15.94 19.06 21.80 26.27 25.08 29.40 32.45 35.19 36.13

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0.47 0.67 0.17 0.56 -4.79 -0.15 3.21 -3.39 2.63 1.00 0.03 3.74
0.05 -0.22 -0.09 -0.06 -0.92 -0.08 -0.57 0.43 0.17 -0.12 -0.39 0.03
-0.42 -0.39 -0.16 -0.51 5.76 0.31 -2.34 3.12 -2.07 1.17 0.67 -3.48
Net Cash Flow 0.10 0.06 -0.08 -0.01 0.05 0.09 0.29 0.16 0.72 2.04 0.30 0.28

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 68.51 82.33 88.53 88.55 75.12 113.99 68.65 86.80 24.12 100.82 69.63 114.03
Inventory Days 96.90 180.99 202.09 236.70 251.00 207.45 247.83 315.37 463.74 503.74 203.56 186.01
Days Payable 89.37 162.18 131.56 176.61 63.87 84.80 105.98 94.52 193.38 302.79 139.29 172.89
Cash Conversion Cycle 76.05 101.15 159.06 148.64 262.25 236.64 210.50 307.65 294.47 301.77 133.90 127.15
Working Capital Days 72.91 106.12 142.84 141.00 247.26 234.61 173.64 263.63 324.21 306.96 142.20 139.25
ROCE % 21.31% 19.12% 19.40% 20.03% 13.49% 10.93% 13.52% 16.12% -10.58% 4.99% 9.49% 17.15%

Shareholding Pattern

Numbers in percentages

Mar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Dec 2023Mar 2024
55.07% 55.07% 55.07% 55.07% 51.27% 28.00% 28.00% 28.00% 27.95% 27.95% 27.95% 27.95%
44.93% 44.93% 44.93% 44.93% 48.73% 72.00% 72.00% 72.00% 72.06% 72.06% 72.04% 72.05%
No. of Shareholders 474843403942434858222489720

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