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Last Updated on: 22 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Cords Cable Industries Ltd

About the Company - Cords Cable Industries Ltd

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 KumarNon Executive Director
Mr. Prem Kumar VohraNon Executive Director
Mrs. Eila BhatiaNon Executive Director
Mr. Rahul MohnotNon Executive Director

Basic Stock Data of Cords Cable Industries Ltd

Last Updated: May 22, 2024, 7:21 pm

Market Cap 281 Cr.
Current Price 217
High / Low244/84.4
Stock P/E31.3
Book Value 126
Dividend Yield0.00 %
ROCE13.6 %
ROE4.64 %
Face Value 10.0
PEG Ratio-9.13

Data Source: screener.in

Cords Cable Industries Ltd Quarterly Results

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: May 11, 2024, 12:03 pm

Cords Cable Industries Ltd Quarterly Chart

Cords Cable Industries Ltd Profit & Loss

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%

Cords Cable Industries Ltd Profit & Loss Yearly Chart

Cords Cable Industries Ltd Growth

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:27%
5 Years:31%
3 Years:70%
1 Year:144%
Return on Equity
10 Years:4%
5 Years:5%
3 Years:4%
Last Year:5%

Last Updated: May 17, 2024, 10:39 am

Cords Cable Industries Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital11111111131313131313131313
Reserves86929496104108114122128133139146150
Preference Capital222220222200
Borrowings92837268626979878384938376
Other Liabilities10710310510810589808791647994111
Total Liabilities296289283284283279286309315294324337350
Fixed Assets11410910499949092969693908783
CWIP11111000006613
Investments0000000100000
Other Assets181179178183187189193212219201228243253
Total Assets296289283284283279286309315294324337350

Cords Cable Industries Ltd Reserves and Borrowings Chart

Cords Cable Industries Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 303832232319201842183035
Cash from Investing Activity -4-111-0-2-7-3-124-10-6
Cash from Financing Activity -22-33-31-25-21-17-13-15-30-21-17-33
Net Cash Flow342-12-00-0-003-4

Cords Cable Industries Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days877811611912210510299105123107103
Inventory Days576281858168676567887455
Days Payable107103162165144100827889787270
Cash Conversion Cycle37373639587386878213411088
Working Capital Days58557783868992949113410488
ROCE %16%17%12%13%14%16%16%16%16%13%13%14%

Cords Cable Industries Ltd Financial Efficiency Indicators Chart

Cords Cable Industries Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters51.64%51.64%51.64%51.68%51.77%51.77%51.77%51.77%51.77%51.77%51.77%51.78%
FIIs0.37%0.00%0.00%0.00%0.00%0.00%0.01%0.29%0.00%0.68%0.95%1.50%
DIIs0.00%0.00%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public47.99%48.35%48.35%48.31%48.22%48.22%48.21%47.94%48.23%47.54%47.27%46.71%
No. of Shareholders10,98214,09013,91013,46912,79812,60512,38013,12513,77915,62515,03016,015

Cords Cable Industries Ltd Shareholding Pattern Chart

No. of Cords Cable Industries Ltd Shareholders

This stock is not held by any mutual fund

Cords Cable Industries Ltd ROCE Trend

Cords Cable Industries Ltd EPS Trend

Cords Cable Industries Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)5.524.913.428.165.70
Diluted EPS (Rs.)5.524.913.428.165.70
Cash EPS (Rs.)11.5310.598.8513.3710.08
Book Value[Excl.RevalReserv]/Share (Rs.)123.15117.63112.72109.30104.13
Book Value[Incl.RevalReserv]/Share (Rs.)123.15117.63112.72109.30104.13
Revenue From Operations / Share (Rs.)407.07338.80250.13325.57322.36
PBDIT / Share (Rs.)31.6630.5127.9333.3231.67
PBIT / Share (Rs.)25.7124.8422.4528.2127.28
PBT / Share (Rs.)7.546.654.798.398.77
Net Profit / Share (Rs.)5.584.923.378.255.69
PBDIT Margin (%)7.779.0011.1610.239.82
PBIT Margin (%)6.317.338.978.668.46
PBT Margin (%)1.851.961.912.572.72
Net Profit Margin (%)1.371.451.342.531.76
Return on Networth / Equity (%)4.534.182.987.545.46
Return on Capital Employeed (%)17.9018.3216.5722.7321.84
Return On Assets (%)2.141.961.483.382.37
Long Term Debt / Equity (X)0.120.090.140.070.11
Total Debt / Equity (X)0.470.540.530.540.59
Asset Turnover Ratio (%)1.591.421.061.351.40
Current Ratio (X)1.601.531.681.401.43
Quick Ratio (X)1.181.061.191.021.02
Inventory Turnover Ratio (X)6.125.494.095.455.94
Interest Coverage Ratio (X)1.741.681.581.681.71
Interest Coverage Ratio (Post Tax) (X)1.311.271.191.421.31
Enterprise Value (Cr.)136.46126.79112.0585.93145.58
EV / Net Operating Revenue (X)0.250.280.340.200.34
EV / EBITDA (X)3.333.213.101.993.56
MarketCap / Net Operating Revenue (X)0.150.140.150.070.20
Price / BV (X)0.500.420.350.220.62
Price / Net Operating Revenue (X)0.150.140.150.070.20
EarningsYield0.080.090.080.330.08

Cords Cable Industries Ltd Profitability Ratios (%)

Cords Cable Industries Ltd Liquidity Ratios

Cords Cable Industries Ltd Liquidity Ratios (%)

Cords Cable Industries Ltd Interest Coverage Ratios (%)

Cords Cable Industries Ltd Valuation Ratios

Fair Value

Fair Value: ₹186.65

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.

Overvalued: 13.99% compared to the current price ₹217

Intrinsic Value: ₹180.26

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 16.93% compared to the current price ₹217

Last 5 Year EPS CAGR: -3.43%

*Investments are subject to market risks

Strength and Weakness of Cords Cable Industries Ltd Stock

StrengthWeakness
  1. The company has higher reserves (116.31 cr) compared to borrowings (1.38 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 14.67%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 87.58, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 72.25, which may not be favorable.

FAQ

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

The latest fair value of Cords Cable Industries Ltd is ₹186.65.

What is the Market Cap of Cords Cable Industries Ltd?

The Market Cap of Cords Cable Industries Ltd is 281 Cr..

What is the current Stock Price of Cords Cable Industries Ltd as on 22 May 2024?

The current stock price of Cords Cable Industries Ltd as on 22 May 2024 is ₹217.

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 ₹244/84.4.

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

The Stock P/E of Cords Cable Industries Ltd is 31.3.

What is the Book Value of Cords Cable Industries Ltd?

The Book Value of Cords Cable Industries Ltd is 126.

What is the Dividend Yield of Cords Cable Industries Ltd?

The Dividend Yield of Cords Cable Industries Ltd is 0.00 %.

What is the ROCE of Cords Cable Industries Ltd?

The ROCE of Cords Cable Industries Ltd is 13.6 %.

What is the ROE of Cords Cable Industries Ltd?

The ROE of Cords Cable Industries Ltd is 4.64 %.

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