Cords Cable Industries Ltd

Cords Cable Industries Ltd

₹ 176 -3.14%
04 Mar 4:01 p.m.
About

Incorporated in 1991, Cords Cable Industries Ltd manufactures different types of cables[1]

Key Points

Business Overview:[1]
CCIL is in the business of providing solutions for various electrical connectivity requirements. It developes specialized cables to address requirements of industries involving process technologies, instrumentation and communication, and also for household requirements

  • Market Cap 227 Cr.
  • Current Price 176
  • High / Low 212 / 60.6
  • Stock P/E 25.3
  • Book Value 126
  • Dividend Yield 0.00 %
  • ROCE 13.6 %
  • ROE 4.64 %
  • Face Value 10.0

Pros

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 3.99% over last 3 years.
  • Contingent liabilities of Rs.108 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

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
90.08 100.89 88.38 105.98 110.63 133.00 123.17 131.74 129.36 141.98 135.26 145.33 167.93
80.37 89.90 78.93 96.01 100.81 124.04 114.06 122.24 119.43 130.98 125.32 136.44 157.53
Operating Profit 9.71 10.99 9.45 9.97 9.82 8.96 9.11 9.50 9.93 11.00 9.94 8.89 10.40
OPM % 10.78% 10.89% 10.69% 9.41% 8.88% 6.74% 7.40% 7.21% 7.68% 7.75% 7.35% 6.12% 6.19%
0.26 0.32 0.28 0.31 0.24 0.40 0.42 0.35 0.21 0.41 0.62 2.61 0.52
Interest 6.34 6.99 5.93 6.40 5.90 5.28 5.21 5.48 5.91 6.90 6.18 6.72 4.86
Depreciation 1.79 1.75 1.81 1.85 1.92 1.75 1.91 1.96 1.96 1.86 1.91 1.98 2.18
Profit before tax 1.84 2.57 1.99 2.03 2.24 2.33 2.41 2.41 2.27 2.65 2.47 2.80 3.88
Tax % 28.80% 24.90% 26.63% 25.12% 31.70% 20.17% 28.22% 28.63% 27.75% 20.00% 25.10% 27.14% 23.97%
1.31 1.92 1.45 1.52 1.54 1.86 1.74 1.72 1.64 2.12 1.85 2.04 2.95
EPS in Rs 1.01 1.49 1.12 1.18 1.19 1.44 1.35 1.33 1.27 1.64 1.43 1.58 2.28
Raw PDF

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 TTM
377 385 263 265 283 323 365 417 421 323 438 526 590
341 347 237 238 254 290 330 378 379 289 400 487 550
Operating Profit 36 38 26 27 29 33 36 39 42 35 38 40 40
OPM % 9% 10% 10% 10% 10% 10% 10% 9% 10% 11% 9% 8% 7%
1 2 2 2 2 2 1 2 1 1 1 1 4
Interest 23 23 20 20 21 22 23 24 26 23 24 23 25
Depreciation 7 8 5 5 5 5 5 6 7 7 7 8 8
Profit before tax 7 9 3 4 5 8 9 11 11 6 9 10 12
Tax % 28% 32% 32% 29% 36% 34% 32% 35% 2% 30% 26% 26%
5 6 2 3 3 5 6 7 11 4 6 7 9
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 6.93
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: 14%
Compounded Profit Growth
10 Years: 2%
5 Years: 2%
3 Years: -13%
TTM: 29%
Stock Price CAGR
10 Years: 29%
5 Years: 22%
3 Years: 59%
1 Year: 151%
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 Sep 2023
Equity Capital 11 11 11 11 13 13 13 13 13 13 13 13 13
Reserves 86 92 94 96 104 108 114 122 128 133 139 146 150
Preference Capital 2 2 2 2 2 0 2 2 2 2 0 0
92 83 72 68 62 69 79 87 83 84 93 83 76
107 103 105 108 105 89 80 87 91 64 79 94 111
Total Liabilities 296 289 283 284 283 279 286 309 315 294 324 337 350
114 109 104 99 94 90 92 96 96 93 90 87 83
CWIP 1 1 1 1 1 0 0 0 0 0 6 6 13
Investments 0 0 0 0 0 0 0 1 0 0 0 0 0
181 179 178 183 187 189 193 212 219 201 228 243 253
Total Assets 296 289 283 284 283 279 286 309 315 294 324 337 350

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 72 70
Cash Conversion Cycle 37 37 36 39 58 73 86 87 82 134 110 88
Working Capital Days 58 55 77 83 86 89 92 94 91 134 104 88
ROCE % 16% 17% 12% 13% 14% 16% 16% 16% 16% 13% 13% 14%

Shareholding Pattern

Numbers in percentages

14 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
51.64% 51.64% 51.64% 51.68% 51.77% 51.77% 51.77% 51.77% 51.77% 51.77% 51.77% 51.78%
0.37% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.29% 0.00% 0.68% 0.95% 1.50%
0.00% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
47.99% 48.35% 48.35% 48.31% 48.22% 48.22% 48.21% 47.94% 48.23% 47.54% 47.27% 46.71%
No. of Shareholders 10,98214,09013,91013,46912,79812,60512,38013,12513,77915,62515,03016,015

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls