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 77.6 Cr.
  • Current Price 48.4
  • High / Low 68.7 / 29.2
  • Stock P/E 2.99
  • Book Value 156
  • Dividend Yield 1.03 %
  • ROCE 16.6 %
  • ROE 11.6 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.31 times its book value
  • Company's median sales growth is 57.43% of last 10 years

Cons

  • Promoter holding has decreased over last quarter: -2.79%
  • Contingent liabilities of Rs.114.72 Cr.

Peer comparison

Sector: Cables Industry: Cables - Telephone

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018
71.76 77.03 91.88 74.72 134.24 131.52 134.32 134.49 159.73 128.22 147.23 175.93
62.31 68.75 81.11 65.57 113.86 113.90 115.84 115.26 138.69 109.45 129.80 156.91
Operating Profit 9.45 8.28 10.77 9.15 20.38 17.62 18.48 19.23 21.04 18.77 17.43 19.02
OPM % 13.17% 10.75% 11.72% 12.25% 15.18% 13.40% 13.76% 14.30% 13.17% 14.64% 11.84% 10.81%
Other Income 90.31 0.65 1.23 1.39 1.55 0.36 0.63 0.59 1.39 1.81 3.28 3.12
Interest 3.18 3.80 4.74 5.26 6.85 6.29 6.98 6.85 9.36 8.31 7.84 8.66
Depreciation 0.35 2.67 2.66 2.26 2.54 2.59 2.64 2.61 2.65 2.99 3.15 2.87
Profit before tax 96.23 2.46 4.60 3.02 12.54 9.10 9.49 10.36 10.42 9.28 9.72 10.61
Tax % 2.00% 38.21% 34.78% 31.79% -87.24% 33.74% 35.30% 33.98% 34.84% 36.42% 34.16% 35.72%
Net Profit 94.31 1.51 3.01 2.06 23.48 6.03 6.14 6.84 6.79 5.89 6.40 6.83
EPS in Rs 66.99 1.07 2.04 1.39 15.89 4.01 4.09 4.55 4.52 3.92 4.26 4.55

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2015 Mar 2016 Mar 2017 Mar 2018 TTM
11 20 22 51 48 136 240 378 560 611
12 21 20 49 45 121 208 329 484 535
Operating Profit -1 -1 2 3 4 14 32 49 76 76
OPM % -13% -7% 9% 5% 7% 11% 13% 13% 14% 12%
Other Income 3 10 0 1 1 2 92 5 3 10
Interest 0 0 0 0 1 6 9 21 29 34
Depreciation 1 1 1 1 1 1 1 10 10 12
Profit before tax 1 8 1 2 2 9 114 23 39 40
Tax % 0% 0% 1% -1% 0% 31% 7% -33% 34%
Net Profit 1 8 1 2 2 6 106 30 26 26
EPS in Rs 5.50 75.28 20.35 17.18 17.25
Dividend Payout % 0% 0% 0% 0% 0% 0% 1% 5% 6%
Compounded Sales Growth
10 Years:38%
5 Years:%
3 Years:60%
TTM:14%
Compounded Profit Growth
10 Years:37%
5 Years:%
3 Years:60%
TTM:-39%
Stock Price CAGR
10 Years:9%
5 Years:-22%
3 Years:-42%
1 Year:19%
Return on Equity
10 Years:%
5 Years:%
3 Years:17%
Last Year:12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Sep 2018
3 3 3 3 3 11 14 15 15 15
Reserves -10 -2 -1 1 3 24 160 192 223 235
Borrowings 19 9 14 18 17 33 98 158 218 243
8 8 9 8 10 26 49 131 137 158
Total Liabilities 19 18 24 29 33 95 322 496 593 652
8 7 6 6 6 8 166 164 160 157
CWIP 0 0 0 0 0 0 7 5 4 3
Investments 0 0 0 0 0 0 0 0 0 0
12 11 18 24 27 87 149 328 428 492
Total Assets 19 18 24 29 33 95 322 496 593 652

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2015 Mar 2016 Mar 2017 Mar 2018
-3 -4 -22 -24
-4 -12 -3 -11
8 18 24 36
Net Cash Flow 1 2 -1 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2015 Mar 2016 Mar 2017 Mar 2018
ROCE % 77% 12% 13% 14% 26% 14% 17%
Debtor Days 198 76 92 73 104 98 77 155 148
Inventory Turnover 5.24 0.00 0.00 0.00 4.85 3.90 3.74

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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