Cords Cable Industries Ltd.

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cordscable.comBSE: 532941NSE: CORDSCABLE

Market Cap₹ 481 Cr.

Current Price

High / Low₹ 395 / 127

Stock P/E19.6

Book Value₹ 162

Price to Book1.11

Dividend Yield0.32 %

ROCE16.3 %

ROE8.3 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Capital Goods

Buy

Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.

Confidence

72%

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PROS

Latest quarter profit grew 101.5% YoY, showing strong momentum
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.47x)
Company generates healthy free cash flow
Attractively priced for its growth - PEG of 0.6
Company converts assets efficiently - asset turnover of 2.4x

CONS

Company has a low return on equity of 6.4% over last 3 years
Interest coverage is weak at 1.8x - earnings barely cover interest
Contingent liabilities are large at 85.4% of net worth
Total debt has risen sharply - up 33.5% year on year
Company has delivered a poor profit growth of 6.6% over past five years

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Capital GoodsElectricalsCable

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	POLYCAB	8250.00	43.40	124320.56	0.57	796.65	32.84	8209.73	39.01	34.93	13.84
2.	KEI	4570.00	43.83	43689.47	0.10	274.14	40.05	3185.34	22.97	20.23	12.43
3.	DHOOTTRANS	1727.35	89.08	35332.61	0.00	1326.70	—	14464.15	—	24.14	15.10
4.	RRKABEL	2424.55	45.13	27423.00	0.39	205.20	128.59	3168.20	53.90	28.43	9.01
5.	FINCABLES	1423.25	27.20	21767.09	0.63	249.04	53.14	2013.15	44.26	16.06	14.16
6.	PRECWIRE	463.20	499.77	8467.59	0.27	46.45	71.48	1779.24	61.20	33.09	4.76
7.	UNIVCABLES	1492.85	25.85	5179.50	0.30	70.14	-78.69	945.06	57.46	11.69	13.80
8.	LASERPOWER	290.15	26.87	4072.79	0.00	207.32	—	5215.47	—	24.84	12.62
9.	ADVAIT	2061.30	38.43	2255.68	0.10	14.80	65.77	179.27	51.37	28.24	13.36
10.	DYCL	455.40	24.20	2206.81	0.11	249.53	1270.29	3491.01	1232.24	26.80	10.89
11.	PARACABLES	64.84	34.81	2121.82	0.00	19.70	6.49	529.40	17.35	16.62	6.56
12.	CORDSCABLE	372.00	19.57	480.91	0.32	77.98	1917.07	2471.99	995.27	16.35	6.10

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	135	145	168	179	173	183	205	233	226	226	236	267	247
	125	136	158	167	163	172	193	219	212	212	221	251	241
Operating Profit	10	9	10	12	10	11	13	15	14	14	15	16	6
OPM %	7.34%	6.12%	6.19%	6.75%	6.02%	6.24%	6.26%	6.32%	6.04%	6.18%	6.21%	6.03%	2.61%
	1	3	1	1	2	1	1	1	1	1	1	3	4
Interest	6	7	5	7	6	6	5	7	7	7	6	6	7
Depreciation	2	2	2	2	2	2	2	2	2	3	3	2	2
Profit before Tax	2	3	4	5	4	4	6	6	5	5	7	11	11
Tax %	25.10%	27.14%	23.97%	29.93%	26.53%	25.78%	25.16%	24.54%	26.48%	25.73%	25.34%	25.07%	26.07%
Net Profit	2	2	3	3	3	3	5	4	4	4	5	8	8
	1.41	1.57	2.27	2.51	2.22	2.02	3.61	3.40	2.97	2.74	3.78	6.39	6.01

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	283	323	365	417	421	323	438	526	628	795	975
	254	290	330	378	379	289	400	487	586	745	924
Operating Profit	29	33	35	39	42	35	38	40	41	49	51
OPM %	10.33%	10.22%	9.70%	9.40%	9.87%	10.74%	8.72%	7.51%	6.58%	6.22%	5.24%
	2	2	2	2	2	1	1	1	5	4	8
Interest	21	22	23	24	26	23	24	23	25	25	26
Depreciation	5	5	5	6	7	7	7	8	8	8	9
Profit before Tax	5	8	9	11	11	6	9	10	14	20	33
Tax %	36.27%	34.12%	32.04%	35.15%	1.65%	29.65%	25.93%	25.92%	26.77%	25.31%	25.54%
Net Profit	3	5	6	7	11	4	6	7	10	15	25
EPS	0.00	0.00	0.00	0.00	0.00	3.42	4.91	5.52	7.79	11.35	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	12.84%	8.81%	—

COMPOUNDED SALES GROWTH

10 Years:: 12%
5 Years:: 14%
3 Years:: 22%

COMPOUNDED PROFIT GROWTH

10 Years:: 18%
5 Years:: 7%
3 Years:: 32%

STOCK PRICE CAGR

10 Years:: 21%
5 Years:: 47%
3 Years:: 58%
1 Year:: 111%

RETURN ON EQUITY

10 Years:: 5%
5 Years:: 5%
3 Years:: 6%
Last Year:: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	13	13	13	13	13	13	13	13	13	13
	104	108	114	122	128	133	139	146	156	170
	63	70	80	89	84	85	93	83	78	104
Trade Payables	86	70	66	72	80	52	67	81	94	106
	17	18	13	14	10	11	12	13	21	27
Total Liabilities	283	279	286	309	315	294	324	337	362	421
	94	90	92	96	96	93	90	87	91	102
Capital Work in Progress	1	0	0	0	0	0	6	6	0	0
	0	0	0	1	0	0	0	0	2	2
	48	47	54	60	60	59	70	63	68	73
	0	0	0	0	0	0	0	0	165	208
Cash & Bank	19	25	26	20	24	18	22	20	24	24
	120	116	114	132	135	124	136	160	11	12
Total Assets	283	279	286	309	315	294	324	337	362	421

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	24	21	21	22	45	20	33	38	30	14
Cash from Investing	-0	-2	-7	-3	-12	4	-10	-6	-7	-16
Cash from Financing	-21	-17	-13	-15	-30	-21	-17	-33	-23	2
	2	-0	0	-0	-0	0	3	-4	-0	0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	51.92	51.92	51.92	51.92	51.92	51.92	52.35	52.45	52.45
	1.39	1.33	1.35	1.31	1.30	1.29	1.49	1.42	1.29
	0.00	0.00	0.00	0.02	0.04	0.08	0.55	0.56	0.59
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	46.68	46.75	46.72	46.75	46.73	46.70	45.61	45.57	45.67

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-03

Price movement

2026-09-03 - Significant movement in price has been observed in Cords Cable Industries Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Cords Cable Industries Limited has submitted their response.

2026-09-03

Copy of Newspaper Publication

2026-09-03 - Cords Cable Industries Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-02

Price movement

2026-09-02 - Significant movement in price has been observed in Cords Cable Industries Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company. The response from the company is awaited.

2026-09-01

Shareholders meeting

2026-09-01 - Cords Cable Industries Limited has informed the Exchange about Annual Report along with notice 2026.

2026-08-25

Copy of Newspaper Publication

2026-08-25 - Cords Cable Industries Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-14

Copy of Newspaper Publication

2026-08-14 - Cords Cable Industries Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-13

Change in Auditors

2026-08-13 - Cords Cable Industries Limited has informed the Exchange regarding Change in Auditors of the company.

2026-08-13

Change in Auditors

2026-08-13 - Cords Cable Industries Limited has informed the Exchange regarding Change in Auditors of the company.

2026-08-13

General Updates

2026-08-13 - Cords Cable Industries Limited has informed the Exchange about Intimation related to forthcoming Annual General Meeting of the Company.

News

Recent coverage and analyst commentary for CORDSCABLE

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