MarketFriction

CMI Ltd

NSE CMICABLES · BSE 517330 · Cables - Electricals
₹2.62 -4.73%
NSE close2026-09-28
52 week range2.41 - 6.02
Market cap₹4.20 Cr.
GSMInsolvency Price band 5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales4.057.908.3529.0815.6130.1344.0013.4613.8014.9611.8514.73
Expenses5.817.577.8630.5417.3032.4446.3014.0013.3717.7511.8716.15
Operating Profit-1.760.330.49-1.46-1.69-2.31-2.30-0.540.43-2.79-0.02-1.42
OPM %-43.46%4.18%5.87%-5.02%-10.83%-7.67%-5.23%-4.01%3.12%-18.65%-0.17%-9.64%
Other Income0.060.070.050.670.190.400.500.110.180.040.120.17
Interest0.000.000.000.820.050.490.490.370.030.180.030.39
Depreciation2.102.212.098.451.963.935.892.051.861.861.861.85
Profit before tax-3.80-1.81-1.55-10.06-3.51-6.33-8.18-2.85-1.28-4.79-1.79-3.49
Tax %-24.74%1.66%-53.55%-17.20%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Net Profit-2.86-1.85-0.71-8.33-3.52-6.33-8.18-2.85-1.29-4.79-1.79-3.49
EPS in Rs-1.78-1.15-0.44-5.20-2.20-3.95-5.10-1.78-0.80-2.99-1.12-2.18
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales1362403075606374982026822295755
Expenses12120726449256445022715341316059
Operating Profit143343687348-25-85-19-1-3-4
OPM %11%14%14%12%11%10%-12%-126%-85%-5%-4.9%-7%
Other Income225111414-136-42-89111
Interest681429344045441111
Depreciation11110121212109887
Profit before tax92533394110-218-181-117-10-11-11
Tax %31%31%33%34%-8%64%-11%-21%-6%-17%0%0%
Net Profit6172226454-195-143-110-8-11-11
EPS in Rs5.5012.0815.1917.2029.912.46-121.42-89.16-68.69-5.20-6.88-7.09
Dividend Payout %0%8%7%6%3%20%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-14%-23%36%-4%
Compounded Profit Growth%12%13%-3%
Stock Price CAGR-34%-43%-24%-23%
Return on Equity%%%%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital111415151515161616161616
Reserves266591223298299109-33-143-152-162-174
Borrowings339890218282280311408381381381382
Other Liabilities2548991371211061404561746873
Total Liabilities95225295593717699576436315320303297
Fixed Assets81717160165171160149132124116108
CWIP022446333333
Investments0012000000000
Other Assets87206264428548522412285180193184186
Total Assets95225295593717699576436315320303297
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-318-17-24-260-34-76146-70
Cash from Investing Activity-4-11048-11-13-2371615-470
Cash from Financing Activity893-313630-503253-28-1-1-1
Net Cash Flow120114-146-701-10
Free Cash Flow-712-18-37-1840-32-75256-70
CFO/OP-21%56%-39%-36%-3%124%133%89%-73%-383%243%-11%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days9875135148157169245596833683345359
Inventory Days1178699109121181287180961766881
Days Payable5667104787780218138363580250281
Cash Conversion Cycle15995129179200270314638566279164159
Working Capital Days7126405382117-75-1,059-5,222-4,387-2,227-2,349
ROCE %25%27%25%21%14%9%-6%-22%-8%-4%-4%-5%
Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023
Promoters43.96%43.96%43.96%41.17%41.17%26.99%26.89%26.89%26.86%7.93%0.50%0.50%
FIIs4.04%3.97%3.97%3.51%3.47%2.31%0.81%0.81%0.81%1.01%0.81%0.81%
DIIs2.00%2.00%2.00%1.87%1.87%10.74%10.75%10.75%10.75%23.10%23.10%23.10%
Public50.00%50.07%50.07%53.45%53.49%59.96%61.55%61.55%61.59%67.97%75.58%75.60%
No. of Shareholders12,59212,34311,83611,15811,67014,09914,01416,73416,45717,28717,97217,682

Fundamentals

Market Cap₹ 4.20 Cr.
Current Price₹ 2.62
Book Value₹ -98.5
ROCE-4.67 %
ROE%
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-4%
Compounded Profit Growth (TTM)-3%
Standalone figures.
Valuation
Market capRs 4 Cr
Enterprise valueRs 386 Cr
Price to book-0.03x
Price to sales0.08x
EV / sales6.98x
Price to cash flow12.35x
Earnings yield-270.48%
P/B, 3-year average-0.06x
P/B, 5-year average-0.78x
Profitability
Operating margin (excl. other income)-6.87%
Operating margin (incl. other income)-5.93%
EBITDA margin-5.95%
Pre-tax margin-20.51%
Net profit margin-20.53%
Net margin, latest quarter-23.69%
ROE7.47%
ROCE-4.67%
ROA-3.78%
ROE, 3-year average7.21%
ROCE, 3-year average-4.20%
ROA, 3-year average-3.32%
ROE, 5-year average-18.19%
ROCE, 5-year average-16.39%
ROA, 5-year average-13.50%
ROIC (approx.)-4.78%
Other income / net worth-0.33%
Growth
Sales growth (latest year)-3.69%
Sales CAGR, 3 years35.92%
Sales CAGR, 5 years-22.79%
Sales growth QoQ24.30%
Sales growth YoY (latest quarter)9.44%
Per share
EPS (TTM)Rs -7.09
EPS (latest quarter)Rs -2.18
EPS, 3-year averageRs -6.04
EPS, 5-year averageRs -42.48
Book value per shareRs -98.44
Sales per shareRs 34.52
Cash flow per shareRs 0.21
Free cash flow per shareRs 0.00
Efficiency
Asset turnover0.19x
Fixed asset turnover0.51x
Inventory turnover4.50x
Inventory days81 days
Debtor days359 days
Debtors turnover1.02x
Creditor days281 days
Cash conversion cycle159 days
Working capital days-2349 days
Leverage
Total debtRs 382 Cr
Cash and bankRs 0 Cr
Net debtRs 382 Cr
Debt to equity-2.42x
Interest coverage-17.02x
Owners' fund to total sources-53.10%
Debt to assets128.63%
Cash flow
Cash from Operating Activity (latest year)Rs 0 Cr
Cash from Investing Activity (latest year)Rs 0 Cr
Cash from Financing Activity (latest year)Rs -1 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs 0 Cr
FCFE (approx.: FCF + change in debt)Rs 1 Cr
Sales to cash flow162.76x
Statement figures
Net sales (TTM)Rs 55 Cr
Net sales (latest year)Rs 55 Cr
Sales (latest quarter)Rs 15 Cr
Operating profit excl. other income (latest year)Rs -4 Cr
Operating profit (latest quarter)Rs -1 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs -3 Cr
PBDT (TTM)Rs -4 Cr
Profit before tax (TTM)Rs -11 Cr
Net profit (TTM)Rs -11 Cr
Net profit (latest year)Rs -11 Cr
Net profit (latest quarter)Rs -3 Cr
Depreciation (TTM)Rs 7 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 52 Cr
Total expenditure (latest year)Rs 59 Cr
Total income (latest year)Rs 56 Cr
Share capitalRs 16 Cr
ReservesRs -174 Cr
Shareholders' fundsRs -158 Cr
Total assetsRs 297 Cr
Net blockRs 108 Cr
Capital work in progressRs 3 Cr
ReceivablesRs 54 Cr
InventoryRs 12 Cr
Other liabilitiesRs 73 Cr
Shares outstanding (crore)1.60
Ownership
Promoter holding0.50% (-26.39 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
PeriodCMICABLESNifty 50Difference
1 week+3.6%-2.8% +6.3 pts
1 month-13.8%-6.8% -7.0 pts
3 months-17.9%-7.6% -10.3 pts
6 months-49.1%+0.4% -49.5 pts
1 year-86.1%-9.9% -76.2 pts
2 years-94.1%-13.6% -80.6 pts
3 years-55.6%+14.2% -69.8 pts
5 years-93.9%+27.9% -121.8 pts

Red flags

F-score 3 of 8
seriousNegative equity Shareholders' equity is negative
seriousInsolvency process Insolvency process 2026-09-14: CMI Limited has informed the Exchange about Corporate Insolvency Resolution Process
lookRepeated losses Net loss in each of the last two years
lookAuditor change Auditor change 2026-05-18: CMI Limited has informed the Exchange regarding Change in Auditors of the company.
lookOn NSE surveillance On NSE surveillance: GSM, Insolvency
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Mar 2026
Sales ₹15 Cr +9.4% vs Mar 2025. Net loss ₹3 Cr.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-12-23Annual General Meeting
2023-12-22Annual General Meeting
2022-09-22Annual General Meeting
2021-09-22 Annual General Meeting
2020-09-21 Annual General Meeting/Dividend - Rs 0.50 Per Share
2019-09-20 Annual General Meeting/Dividend - Re 1 Per Share
2018-11-20 Annual General Meeting/Dividend Re 1 Per Share
2017-12-21 Annual General Meeting/ Dividend - Re 1 Per Share
2017-03-10 Extraordinary General Meeting
DateTypeWhat it says
2026-09-16Board meeting outcomeCMI Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-09-15Board meeting outcomeCMI Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
2026-09-14Corporate Insolvency ResolutCorporate Insolvency Resolution Process
2026-09-14Board meeting outcomeCMI Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.
2026-09-11Board meeting outcomeCMI Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
2026-08-14Corporate Insolvency ResolutCorporate Insolvency Resolution Process
2026-08-10Reply to Clarification- FinaThe Exchange had sought clarification from CMI Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the SEBI (Listing Obligation...
2026-07-21Corporate Insolvency ResolutCorporate Insolvency Resolution Process
2026-07-20General UpdatesGeneral Updates
2026-07-14Clarification - Financial ReThe Exchange has sought clarification from CMI Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the SEBI (Listing Obligation...
2026-06-15Disclosure under SEBI TakeovAmit Jain has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisi...
2026-05-26Corporate Insolvency ResolutCorporate Insolvency Resolution Process
2026-05-19Resignation of Statutory AudResignation of Statutory Auditor
2026-05-18Change in AuditorsChange in Auditors of the company.
2026-05-18Change in AuditorsChange in Auditors of the company.
2026-04-29Corporate Insolvency ResolutCorporate Insolvency Resolution Process
2026-04-21General UpdatesGeneral Updates
2026-04-10Reply to Clarification- FinaThe Exchange had sought clarification from CMI Limited for the quarter ended 31-Mar-2024 with respect to Regulation 33 of the SEBI (Listing Obligation...
2026-04-08General UpdatesGeneral Updates
2026-02-19Corporate Insolvency ResolutCorporate Insolvency Resolution Process
2026-02-10ResignationResignation of Mr Pyare Lal Khanna as Non- Executive Director of the company w.e.f. February 10, 2026.
2026-01-19General UpdatesGeneral Updates
2026-01-19Corporate Insolvency ResolutCorporate Insolvency Resolution Process
2025-12-29Corporate Insolvency ResolutCorporate Insolvency Resolution Process
2025-12-26Shareholder meetingVoting Result for the AGM held on 26th December, 2025
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-07-13NCLTKkalpana Industries (India) Ltd Vs CMI Ltd
2018-05-10NCLATCMI Ltd. & Anr. VS Regional Director (Northern Region) & Ors.
2018-03-19NCLATCMI Ltd. & Anr. VS Regional Director (Northern Region) & Ors.
2018-02-05NCLATCMI Ltd. & Anr. VS Regional Director (Northern Region) & Ors.
2017-11-28NCLATRaj Hari Eswaran VS M/s. CMI India Pvt. Ltd. & Anr.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
GSMInsolvency Resolution Process(IRP)Less than 100 unique PAN traded in previous 30 daysUnder BZ/SZ Series
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03