CMI Ltd

About [ edit ]

CMI is primarily engaged in the business of manufacture of wires and cables such as Railway Signaling Cables, Control & Instrumentation Cables, Jelly Filled Telephone Cables, Power Cables and many other specialty cables.

  • Market Cap 70.4 Cr.
  • Current Price 43.9
  • High / Low 68.7 / 20.7
  • Stock P/E
  • Book Value 179
  • Dividend Yield 1.14 %
  • ROCE 8.51 %
  • ROE 1.21 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.25 times its book value
  • Company's median sales growth is 22.16% of last 10 years

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -2.79%
  • Company has a low return on equity of 9.80% for last 3 years.
  • Contingent liabilities of Rs.70.96 Cr.
  • Earnings include an other income of Rs.5.29 Cr.
  • Dividend payout has been low at 9.82% of profits over last 3 years
  • Company has high debtors of 169.46 days.

Peer comparison

Sector: Cables Industry: Cables - Telephone

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
160 128 147 176 186 147 124 111 116 22 48 64
142 109 130 157 168 135 113 97 105 25 57 66
Operating Profit 18 19 17 19 18 13 11 13 12 -3 -9 -3
OPM % 11% 15% 12% 11% 9% 9% 8% 12% 10% -16% -19% -4%
Other Income 5 2 3 3 6 5 4 2 2 1 1 1
Interest 9 8 8 9 9 10 11 11 9 11 10 11
Depreciation 3 3 3 3 3 3 3 3 3 3 3 3
Profit before tax 10 9 10 11 12 5 1 2 2 -16 -21 -15
Tax % 35% 36% 34% 36% -118% 32% 27% 37% 219% 25% 25% 25%
Net Profit 7 6 6 7 26 3 1 1 -2 -12 -16 -11
EPS in Rs 4.55 3.92 4.26 4.55 17.18 2.19 0.73 0.95 -1.40 -8.18 -10.33 -7.55

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
51 48 59 73 89 105 136 240 307 560 637 498 250
47 44 54 66 81 97 121 207 264 492 564 450 253
Operating Profit 4 4 5 6 8 8 14 33 43 68 73 48 -3
OPM % 8% 8% 9% 9% 9% 8% 11% 14% 14% 12% 11% 10% -1%
Other Income -0 1 0 0 1 1 2 2 5 11 14 14 5
Interest 1 1 2 3 5 6 6 8 14 29 34 40 41
Depreciation 1 1 1 1 1 1 1 1 1 10 12 12 12
Profit before tax 2 2 2 2 2 3 9 25 33 39 41 10 -51
Tax % -1% 1% 9% 9% 32% 37% 31% 31% 33% 34% -8% 64%
Net Profit 2 2 2 2 2 2 6 17 22 26 45 4 -41
EPS in Rs 6.27 6.42 4.70 5.01 5.50 12.08 15.19 17.20 29.91 2.46 -27.46
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 8% 7% 6% 3% 20%
Compounded Sales Growth
10 Years:26%
5 Years:30%
3 Years:18%
TTM:-56%
Compounded Profit Growth
10 Years:9%
5 Years:-10%
3 Years:-45%
TTM:-232%
Stock Price CAGR
10 Years:9%
5 Years:-27%
3 Years:-48%
1 Year:93%
Return on Equity
10 Years:13%
5 Years:13%
3 Years:10%
Last Year:1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
3 3 3 3 4 4 11 14 15 15 15 15 15
Reserves 1 3 5 8 9 11 24 64 91 223 298 299 271
Borrowings 18 17 18 27 31 38 33 98 90 218 282 280 299
8 10 12 13 20 18 26 49 99 137 121 106 101
Total Liabilities 29 33 39 51 63 70 95 225 295 593 717 699 686
6 6 6 5 6 5 8 17 17 160 165 171 166
CWIP 0 0 0 0 0 0 0 2 2 4 4 6 4
Investments 0 0 0 0 0 0 0 0 12 0 0 0 0
24 27 34 46 57 64 87 206 264 428 548 522 516
Total Assets 29 33 39 51 63 70 95 225 295 593 717 699 686

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-3 2 2 -4 3 -3 -3 18 -17 -24 -2 60
-0 -1 -1 -1 -1 -0 -4 -110 48 -11 -13 -23
3 -1 -1 6 -1 -0 8 93 -31 36 30 -50
Net Cash Flow -0 -0 1 1 1 -4 1 2 0 1 14 -14

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 21% 13% 18% 17% 17% 18% 25% 27% 25% 21% 14% 9%
Debtor Days 73 104 96 86 91 81 98 75 135 148 157 169
Inventory Turnover 5.48 5.06 4.84 3.63 3.17 3.03 3.27 4.84 4.39 4.41 3.39 2.17

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
43.55 43.55 43.55 43.55 43.55 43.60 43.60 43.94 43.96 43.96 43.96 41.17
12.23 12.31 12.31 11.85 10.55 9.48 9.16 8.05 4.04 3.97 3.97 3.51
3.84 3.84 3.84 3.89 4.01 3.53 3.43 3.39 2.00 2.00 2.00 1.87
40.38 40.30 40.30 40.71 41.90 43.39 43.81 44.63 50.00 50.07 50.07 53.45

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