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Last Updated on: 22 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Cords Cable Industries Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 21, 2024, 10:18 pm

Market Cap 243 Cr.
Current Price 189
High / Low280/103
Stock P/E20.8
Book Value 135
Dividend Yield0.53 %
ROCE15.4 %
ROE6.08 %
Face Value 10.0
PEG Ratio-6.07

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Cords Cable Industries Ltd

Competitors of Cords Cable Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Hindusthan Urban Infrastructure Ltd 373 Cr. 2,5823,550/1,948 2,5850.00 %1.90 %7.09 % 10.0
Dynamic Cables Ltd 2,234 Cr. 922939/33747.8 1380.05 %24.1 %19.3 % 10.0
Cybele Industries Ltd 40.4 Cr. 37.861.0/31.8 46.30.00 %1.56 %0.16 % 10.0
BC Power Controls Ltd 28.6 Cr. 4.096.80/3.61 5.930.00 %4.88 %1.79 % 2.00
Advait Infratech Ltd 1,651 Cr. 1,5292,260/42562.8 1630.10 %39.6 %33.6 % 10.0
Industry Average17,962.22 Cr1,552.7769.54424.740.21%16.21%13.22%8.00

All Competitor Stocks of Cords Cable Industries Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales90.08100.8988.38105.98110.63133.00123.17131.74129.36141.98135.26145.33167.93
Expenses80.3789.9078.9396.01100.81124.04114.06122.24119.43130.98125.32136.44157.53
Operating Profit9.7110.999.459.979.828.969.119.509.9311.009.948.8910.40
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%
Other Income0.260.320.280.310.240.400.420.350.210.410.622.610.52
Interest6.346.995.936.405.905.285.215.485.916.906.186.724.86
Depreciation1.791.751.811.851.921.751.911.961.961.861.911.982.18
Profit before tax1.842.571.992.032.242.332.412.412.272.652.472.803.88
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%
Net Profit1.311.921.451.521.541.861.741.721.642.121.852.042.95
EPS in Rs1.011.491.121.181.191.441.351.331.271.641.431.582.28

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales377385263265283323365417421323438526590
Expenses341347237238254290330378379289400487550
Operating Profit36382627293336394235384040
OPM %9%10%10%10%10%10%10%9%10%11%9%8%7%
Other Income1222221211114
Interest23232020212223242623242325
Depreciation7855555677788
Profit before tax79345891111691012
Tax %28%32%32%29%36%34%32%35%2%30%26%26%
Net Profit56233567114679
EPS in Rs4.695.321.782.362.414.004.845.698.253.374.935.586.93
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)20.00%-66.67%50.00%0.00%66.67%20.00%16.67%57.14%-63.64%50.00%16.67%
Change in YoY Net Profit Growth (%)0.00%-86.67%116.67%-50.00%66.67%-46.67%-3.33%40.48%-120.78%113.64%-33.33%

Cords Cable Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:9%
5 Years:9%
3 Years:25%
TTM:27%
Compounded Profit Growth
10 Years:17%
5 Years:6%
3 Years:32%
TTM:53%
Stock Price CAGR
10 Years:21%
5 Years:33%
3 Years:56%
1 Year:65%
Return on Equity
10 Years:5%
5 Years:5%
3 Years:5%
Last Year:6%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:30 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital11111113131313131313131313
Reserves929496104108114122128133139146156162
Borrowings84747063698089848593838576
Other Liabilities10110410710389798690637994108121
Total Liabilities289283284283279286309315294324337362371
Fixed Assets1091049994909296969390879189
CWIP1111000006600
Investments0000001000022
Other Assets179178183187189193212219201228243269281
Total Assets289283284283279286309315294324337362371

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +383223231920184218303530
Cash from Investing Activity +-111-0-2-7-3-124-10-6-7
Cash from Financing Activity +-33-31-25-21-17-13-15-30-21-17-33-23
Net Cash Flow42-12-00-0-003-4-0

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow36.00-46.00-48.00-43.00-34.00-36.00-44.00-50.00-42.00-50.00-55.00-43.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days781161191221051029910512310710396
Inventory Days628185816867656788745549
Days Payable10316216514410082788978727068
Cash Conversion Cycle37363958738687821341108877
Working Capital Days55778386899294911341048879
ROCE %17%12%13%14%16%16%16%16%13%13%14%15%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters51.64%51.68%51.77%51.77%51.77%51.77%51.77%51.77%51.77%51.78%51.86%51.92%
FIIs0.00%0.00%0.00%0.00%0.01%0.29%0.00%0.68%0.95%1.50%1.31%1.39%
DIIs0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public48.35%48.31%48.22%48.22%48.21%47.94%48.23%47.54%47.27%46.71%46.83%46.68%
No. of Shareholders13,91013,46912,79812,60512,38013,12513,77915,62515,03016,01517,91618,517

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)7.765.524.913.428.16
Diluted EPS (Rs.)7.765.524.913.428.16
Cash EPS (Rs.)14.0911.5310.598.8513.37
Book Value[Excl.RevalReserv]/Share (Rs.)130.91123.15117.63112.72109.30
Book Value[Incl.RevalReserv]/Share (Rs.)130.91123.15117.63112.72109.30
Dividend / Share (Rs.)1.000.000.000.000.00
Revenue From Operations / Share (Rs.)485.58407.07338.80250.13325.57
PBDIT / Share (Rs.)35.9931.6630.5127.9333.32
PBIT / Share (Rs.)29.6925.7124.8422.4528.21
PBT / Share (Rs.)10.647.546.654.798.39
Net Profit / Share (Rs.)7.795.584.923.378.25
PBDIT Margin (%)7.417.779.0011.1610.23
PBIT Margin (%)6.116.317.338.978.66
PBT Margin (%)2.191.851.961.912.57
Net Profit Margin (%)1.601.371.451.342.53
Return on Networth / Equity (%)5.954.534.182.987.54
Return on Capital Employeed (%)19.9417.9018.3216.5722.73
Return On Assets (%)2.782.141.961.483.38
Long Term Debt / Equity (X)0.090.120.090.140.07
Total Debt / Equity (X)0.450.470.540.530.54
Asset Turnover Ratio (%)1.801.591.421.061.35
Current Ratio (X)1.591.601.531.681.40
Quick Ratio (X)1.191.181.061.191.02
Inventory Turnover Ratio (X)7.716.125.494.095.45
Interest Coverage Ratio (X)1.891.741.681.581.68
Interest Coverage Ratio (Post Tax) (X)1.411.311.271.191.42
Enterprise Value (Cr.)278.06136.46126.79112.0585.93
EV / Net Operating Revenue (X)0.440.250.280.340.20
EV / EBITDA (X)5.983.333.213.101.99
MarketCap / Net Operating Revenue (X)0.350.150.140.150.07
Price / BV (X)1.330.500.420.350.22
Price / Net Operating Revenue (X)0.350.150.140.150.07
EarningsYield0.040.080.090.080.33

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Cords Cable Industries Ltd as of November 22, 2024 is: 171.63

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 22, 2024, Cords Cable Industries Ltd is Overvalued by 9.19% compared to the current share price 189.00

Intrinsic Value of Cords Cable Industries Ltd as of November 22, 2024 is: 165.75

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 22, 2024, Cords Cable Industries Ltd is Overvalued by 12.30% compared to the current share price 189.00

Last 5 Year EPS CAGR: -3.43%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (122.62 cr) compared to borrowings (79.62 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (382.77 cr) and profit (8.00 cr) over the years.
  1. The stock has a low average ROCE of 14.58%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 89.33, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 75.58, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Cords Cable Industries Ltd:
    1. Net Profit Margin: 1.6%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 19.94% (Industry Average ROCE: 16.21%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 5.95% (Industry Average ROE: 13.22%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 1.41
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.19
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 20.8 (Industry average Stock P/E: 69.54)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.45
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Cords Cable Industries Ltd. is a Public Limited Listed company incorporated on 21/10/1991 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L74999DL1991PLC046092 and registration number is 046092. Currently company belongs to the Industry of Cables - Power/Others. Company’s Total Operating Revenue is Rs. 437.99 Cr. and Equity Capital is Rs. 12.93 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Cables - Power/Others94, 1st Floor, Shambhu Dayal Bagh Marg, New Delhi Delhi 110020csco@cordscable.com
http://www.cordscable.com
Management
NamePosition Held
Mr. Naveen SawhneyManaging Director
Mr. Pawan Kumar MaheswariWhole Time Director
Mr. Parveen KumarInd. Non-Executive Director
Mr. Prem Kumar VohraInd. Non-Executive Director
Mrs. Eila BhatiaInd. Non-Executive Director
Mr. Rahul MohnotInd. Non-Executive Director

FAQ

What is the latest intrinsic value of Cords Cable Industries Ltd?

The latest intrinsic value of Cords Cable Industries Ltd as on 21 November 2024 is ₹171.63, which is 9.19% lower than the current market price of ₹189.00.

What is the Market Cap of Cords Cable Industries Ltd?

The Market Cap of Cords Cable Industries Ltd is 243 Cr..

What is the current Stock Price of Cords Cable Industries Ltd as on 21 November 2024?

The current stock price of Cords Cable Industries Ltd as on 21 November 2024 is ₹189.

What is the High / Low of Cords Cable Industries Ltd stocks in FY 2024?

In FY 2024, the High / Low of Cords Cable Industries Ltd stocks is 280/103.

What is the Stock P/E of Cords Cable Industries Ltd?

The Stock P/E of Cords Cable Industries Ltd is 20.8.

What is the Book Value of Cords Cable Industries Ltd?

The Book Value of Cords Cable Industries Ltd is 135.

What is the Dividend Yield of Cords Cable Industries Ltd?

The Dividend Yield of Cords Cable Industries Ltd is 0.53 %.

What is the ROCE of Cords Cable Industries Ltd?

The ROCE of Cords Cable Industries Ltd is 15.4 %.

What is the ROE of Cords Cable Industries Ltd?

The ROE of Cords Cable Industries Ltd is 6.08 %.

What is the Face Value of Cords Cable Industries Ltd?

The Face Value of Cords Cable Industries Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Cords Cable Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE