Cords Cable Industries Ltd

About [ edit ]

Cords Cable Industries is engaged in business of Electrical Wires and Cables.(Source : 201903 Annual Report Page No:41)

  • Market Cap 57.1 Cr.
  • Current Price 44.2
  • High / Low 52.7 / 26.0
  • Stock P/E 7.96
  • Book Value 110
  • Dividend Yield 0.00 %
  • ROCE 16.3 %
  • ROE 7.75 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.40 times its book value
  • Company has delivered good profit growth of 31.80% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 9.69% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 6.22% for last 3 years.
  • Contingent liabilities of Rs.113.28 Cr.
  • Company's cost of borrowing seems high

Peer comparison

Sector: Cables Industry: Cables - Power

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Quarterly Results

Figures in Rs. Crores

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
109.93 91.64 99.19 112.35 113.56 109.97 100.37 113.14 97.41 49.00 83.41 90.08
98.99 83.07 89.43 102.27 102.80 100.20 89.02 101.58 88.52 43.82 74.56 80.37
Operating Profit 10.94 8.57 9.76 10.08 10.76 9.77 11.35 11.56 8.89 5.18 8.85 9.71
OPM % 9.95% 9.35% 9.84% 8.97% 9.48% 8.88% 11.31% 10.22% 9.13% 10.57% 10.61% 10.78%
Other Income 0.22 0.44 0.42 0.42 0.48 0.53 0.27 0.34 0.38 0.50 0.30 0.26
Interest 6.52 5.67 6.01 6.08 6.16 5.87 6.23 6.89 6.64 3.75 5.75 6.34
Depreciation 1.06 1.37 1.39 1.46 1.46 1.85 1.58 1.58 1.60 1.64 1.90 1.79
Profit before tax 3.58 1.97 2.78 2.96 3.62 2.58 3.81 3.43 1.03 0.29 1.50 1.84
Tax % 24.86% 30.96% 37.05% 34.46% 36.74% 38.37% 41.21% 39.07% -361.17% 55.17% 33.33% 28.80%
Net Profit 2.69 1.37 1.76 1.95 2.29 1.60 2.23 2.09 4.75 0.12 1.00 1.31
EPS in Rs 2.08 1.06 1.36 1.51 1.77 1.24 1.72 1.62 3.67 0.09 0.77 1.01

Profit & Loss

Figures in Rs. Crores

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
222 221 290 377 385 263 265 283 323 365 417 421 320
200 201 265 341 347 237 238 254 290 330 378 379 287
Operating Profit 22 19 25 36 38 26 27 29 33 36 39 42 33
OPM % 10% 9% 9% 9% 10% 10% 10% 10% 10% 10% 9% 10% 10%
Other Income 1 1 1 1 2 2 2 2 2 1 2 1 1
Interest 8 11 14 23 23 20 20 21 22 23 24 26 22
Depreciation 3 4 4 7 8 5 5 5 5 5 6 7 7
Profit before tax 11 6 8 7 9 3 4 5 8 9 11 11 5
Tax % 36% 33% 32% 28% 32% 32% 29% 36% 34% 32% 35% 2%
Net Profit 7 4 5 5 6 2 3 3 5 6 7 11 7
EPS in Rs 6.24 3.67 4.70 4.69 5.32 1.78 2.36 2.41 4.00 4.84 5.69 8.25 5.54
Dividend Payout % 16% 27% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:7%
5 Years:10%
3 Years:9%
TTM:-27%
Compounded Profit Growth
10 Years:10%
5 Years:32%
3 Years:28%
TTM:-13%
Stock Price CAGR
10 Years:3%
5 Years:-2%
3 Years:-18%
1 Year:53%
Return on Equity
10 Years:5%
5 Years:5%
3 Years:6%
Last Year:8%

Balance Sheet

Figures in Rs. Crores

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
11 11 11 13 13 13 13 15 13 15 15 15 13
Reserves 72 75 81 86 92 94 96 104 108 114 122 128 129
Borrowings 48 58 92 92 83 72 68 62 69 79 87 83 74
42 70 96 107 103 105 108 105 89 80 87 91 68
Total Liabilities 174 215 280 296 289 283 284 283 279 286 309 315 285
63 62 114 114 109 104 99 94 90 92 96 96 94
CWIP 10 16 1 1 1 1 1 1 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 1 0 0
101 138 165 181 179 178 183 187 189 193 212 219 191
Total Assets 174 215 280 296 289 283 284 283 279 286 309 315 285

Cash Flows

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
7 6 14 30 38 32 23 23 19 20 18 42
-21 -7 -41 -4 -1 1 1 -0 -2 -7 -3 -12
5 -2 21 -22 -33 -31 -25 -21 -17 -13 -15 -30
Net Cash Flow -9 -3 -6 3 4 2 -1 2 -0 0 -0 -0

Ratios

Figures in Rs. Crores

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 % 16% 12% 13% 16% 17% 12% 13% 14% 16% 16% 16% 16%
Debtor Days 71 94 99 87 78 116 119 122 105 102 99 105
Inventory Turnover 8.42 5.67 5.45 6.53 6.28 4.28 4.48 4.64 5.41 5.87 5.99 5.58

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
51.42 51.42 51.47 51.47 51.47 51.58 51.59 51.64 51.64 51.64 51.64 51.64
0.58 0.66 0.70 0.70 0.70 0.70 0.70 0.70 0.70 0.70 0.70 0.37
0.00 0.06 0.00 0.00 0.00 0.00 0.03 0.00 0.00 0.00 0.00 0.00
48.00 47.86 47.83 47.83 47.83 47.72 47.69 47.66 47.66 47.66 47.66 47.99

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