Cords Cable Industries Ltd
Cords Cable Industries Limited (CORDS) is a specialised Control & Instrumentation cable company offering a wide range of cable products to multiple industries. It has a niche in the manufacturing of customised cables as per the customer’s specifications as 95% of the company’s orders are based on customer specifications. [1]
- Market Cap ₹ 122 Cr.
- Current Price ₹ 94.4
- High / Low ₹ 101 / 48.5
- Stock P/E 16.9
- Book Value ₹ 123
- Dividend Yield 0.00 %
- ROCE 13.9 %
- ROE 4.64 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.75 times its book value
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 7.57% over past five years.
- Company has a low return on equity of 3.96% over last 3 years.
- Contingent liabilities of Rs.103 Cr.
- Company's cost of borrowing seems high
* 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
Quarterly Results
Figures in Rs. Crores
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
377 | 385 | 263 | 265 | 283 | 323 | 365 | 417 | 421 | 323 | 438 | 526 | |
341 | 347 | 237 | 238 | 254 | 290 | 330 | 378 | 379 | 289 | 400 | 487 | |
Operating Profit | 36 | 38 | 26 | 27 | 29 | 33 | 36 | 39 | 42 | 35 | 38 | 40 |
OPM % | 9% | 10% | 10% | 10% | 10% | 10% | 10% | 9% | 10% | 11% | 9% | 8% |
1 | 2 | 2 | 2 | 2 | 2 | 1 | 2 | 1 | 1 | 1 | 1 | |
Interest | 23 | 23 | 20 | 20 | 21 | 22 | 23 | 24 | 26 | 23 | 24 | 23 |
Depreciation | 7 | 8 | 5 | 5 | 5 | 5 | 5 | 6 | 7 | 7 | 7 | 8 |
Profit before tax | 7 | 9 | 3 | 4 | 5 | 8 | 9 | 11 | 11 | 6 | 9 | 10 |
Tax % | 28% | 32% | 32% | 29% | 36% | 34% | 32% | 35% | 2% | 30% | 26% | 26% |
Net Profit | 5 | 6 | 2 | 3 | 3 | 5 | 6 | 7 | 11 | 4 | 6 | 7 |
EPS in Rs | 4.69 | 5.32 | 1.78 | 2.36 | 2.41 | 4.00 | 4.84 | 5.69 | 8.25 | 3.37 | 4.93 | 5.58 |
Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
Compounded Sales Growth | |
---|---|
10 Years: | 3% |
5 Years: | 8% |
3 Years: | 8% |
TTM: | 20% |
Compounded Profit Growth | |
---|---|
10 Years: | 2% |
5 Years: | 2% |
3 Years: | -13% |
TTM: | 14% |
Stock Price CAGR | |
---|---|
10 Years: | 19% |
5 Years: | 5% |
3 Years: | 39% |
1 Year: | 75% |
Return on Equity | |
---|---|
10 Years: | 4% |
5 Years: | 5% |
3 Years: | 4% |
Last Year: | 5% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
13 | 13 | 13 | 13 | 15 | 13 | 15 | 15 | 15 | 15 | 13 | 13 | |
Reserves | 86 | 92 | 94 | 96 | 104 | 108 | 114 | 122 | 128 | 133 | 139 | 146 |
92 | 83 | 72 | 68 | 62 | 69 | 79 | 87 | 83 | 84 | 92 | 76 | |
107 | 103 | 105 | 108 | 105 | 89 | 80 | 87 | 91 | 64 | 80 | 101 | |
Total Liabilities | 296 | 289 | 283 | 284 | 283 | 279 | 286 | 309 | 315 | 294 | 324 | 337 |
114 | 109 | 104 | 99 | 94 | 90 | 92 | 96 | 96 | 93 | 90 | 87 | |
CWIP | 1 | 1 | 1 | 1 | 1 | -0 | -0 | -0 | -0 | -0 | 6 | 6 |
Investments | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
181 | 179 | 178 | 183 | 187 | 189 | 193 | 212 | 219 | 201 | 228 | 243 | |
Total Assets | 296 | 289 | 283 | 284 | 283 | 279 | 286 | 309 | 315 | 294 | 324 | 337 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
30 | 38 | 32 | 23 | 23 | 19 | 20 | 18 | 42 | 18 | 30 | 35 | |
-4 | -1 | 1 | 1 | -0 | -2 | -7 | -3 | -12 | 4 | -10 | -6 | |
-22 | -33 | -31 | -25 | -21 | -17 | -13 | -15 | -30 | -21 | -17 | -33 | |
Net Cash Flow | 3 | 4 | 2 | -1 | 2 | -0 | 0 | -0 | -0 | 0 | 3 | -4 |
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 | 87 | 78 | 116 | 119 | 122 | 105 | 102 | 99 | 105 | 123 | 107 | 103 |
Inventory Days | 57 | 62 | 81 | 85 | 81 | 68 | 67 | 65 | 67 | 88 | 74 | 55 |
Days Payable | 107 | 103 | 162 | 165 | 144 | 100 | 82 | 78 | 89 | 78 | 73 | 70 |
Cash Conversion Cycle | 37 | 37 | 36 | 39 | 58 | 73 | 86 | 87 | 82 | 134 | 109 | 88 |
Working Capital Days | 58 | 55 | 77 | 83 | 86 | 89 | 92 | 94 | 91 | 134 | 103 | 88 |
ROCE % | 16% | 17% | 12% | 13% | 14% | 16% | 16% | 16% | 16% | 13% | 13% | 14% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
22 May - Dear Sir/Madam, Pursuant to provisions of Regulation 30 of SEBI (LODR) Regulations, 2015, please find enclosed herewith copy of audited financial results of the Company …
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Compliances-Reg.24(A)-Annual Secretarial Compliance
22 May - Dear Sir(s), With Reference to the above- mentioned subject, we are attaching herewith Secretarial Compliance Report for the year ended 31st March, 2023 given by …
- Disclosure Of Related Party Transactions Pursuant To Regulation 23(9) Of The SEBI (Listing Obligations And Disclosures Requirements) Regulation, 2015" ) 20 May
- Disclosure Of Related Party Transactions Pursuant To Regulation 23(9) Of The SEBI (Listing Obligations And Disclosures Requirements) Regulation, 2015" SEBI(LODR)]". 20 May
- Disclosure Under Regulation 32(1) Of The SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015 20 May
Annual reports
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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Concalls
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Feb 2023TranscriptNotesPPT
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Feb 2023TranscriptNotesPPT
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Nov 2022TranscriptNotesPPT
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Sep 2022TranscriptNotesPPT
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Sep 2022TranscriptNotesPPT
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Jun 2022TranscriptNotesPPT
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Mar 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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Mar 2021TranscriptNotesPPT
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Dec 2020TranscriptNotesPPT
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Oct 2020TranscriptNotesPPT
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Feb 2020TranscriptNotesPPT
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Dec 2019TranscriptNotesPPT
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Aug 2019TranscriptNotesPPT
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Jun 2019TranscriptNotesPPT
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Mar 2019TranscriptNotesPPT
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Nov 2018TranscriptNotesPPT
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Nov 2018TranscriptNotesPPT
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Aug 2018TranscriptNotesPPT
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Jun 2018TranscriptNotesPPT
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Jun 2018TranscriptNotesPPT
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Feb 2018TranscriptNotesPPT
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Dec 2017TranscriptNotesPPT
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Sep 2017TranscriptNotesPPT
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Jul 2017TranscriptNotesPPT
Products
The product range of the company includes instrumentation cables, control cables (up to 1.10 KV), and low tension (LT) power cables (up to 1.10 KV). [1]
Revenue Mix
Hydrocarbons - 67% in FY21 vs 69% in FY20
Power Sector - 11% in FY21 vs 6% in FY20
Metros & Freight Corridors - 6% in FY21 vs 5% in FY20
Others - 16% in FY21 vs 20% in FY20 [2]