MarketFriction

Cords Cable Industries Ltd

NSE CORDSCABLE · BSE 532941 · Cables - Electricals
₹318.90 -4.09%
NSE close2026-10-01
52 week range127.01 - 406.95
Market cap₹409 Cr.
P/E16.7
ESM 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
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales145.33167.93179.22172.96182.95205.40233.24225.70225.70235.61266.90247.20
Expenses136.44157.53167.13162.55171.54192.54218.50212.08211.74220.99250.80232.12
Operating Profit8.8910.4012.0910.4111.4112.8614.7413.6213.9614.6216.1015.08
OPM %6.12%6.19%6.75%6.02%6.24%6.26%6.32%6.03%6.19%6.21%6.03%6.10%
Other Income2.610.521.481.910.620.660.740.710.510.952.814.09
Interest6.724.866.886.326.425.207.276.607.046.415.746.54
Depreciation1.982.182.082.082.082.082.262.482.612.582.122.08
Profit before tax2.803.884.613.923.536.245.955.254.826.5811.0510.55
Tax %27.14%23.97%29.93%26.53%25.78%25.16%24.54%26.48%25.73%25.38%25.07%26.07%
Net Profit2.042.953.232.882.634.684.493.873.584.928.287.80
EPS in Rs1.582.282.502.232.033.623.472.992.773.816.406.03
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales283323365417421323438526628795954975
Expenses254290330378379289400487586745895916
Operating Profit293336394235384041495960
OPM %10%10%10%9%10%11%9%8%7%6%6%6%
Other Income221211115458
Interest212223242623242325252626
Depreciation5556777888109
Profit before tax5891111691014202833
Tax %36%34%32%35%2%30%26%26%27%25%25%
Net Profit35671146710152125
EPS in Rs2.414.004.845.698.253.374.935.587.7911.3515.9719.01
Dividend Payout %0%0%0%0%0%0%0%0%13%9%8%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth13%24%22%15%
Compounded Profit Growth21%37%42%57%
Stock Price CAGR20%43%46%85%
Return on Equity6%7%9%11%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital111313131313131313131313
Reserves96104108114122128133139146156170189
Borrowings70636980898485938385116111
Other Liabilities10710389798690637994108122177
Total Liabilities284283279286309315294324337362421490
Fixed Assets99949092969693908791102102
CWIP110000066000
Investments000010000222
Other Assets183187189193212219201228243269316386
Total Assets284283279286309315294324337362421490
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity232319201842183035301443
Cash from Investing Activity1-0-2-7-3-124-10-6-7-16-11
Cash from Financing Activity-25-21-17-13-15-30-21-17-33-232-32
Net Cash Flow-12-00-0-003-4-000
Free Cash Flow2123191283314202924-633
CFO/OP85%83%62%59%57%108%57%85%96%81%38%82%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days11912210510299105123107103969584
Inventory Days858168676567887455494154
Days Payable165144100827889787270686068
Cash Conversion Cycle39587386878213411088777770
Working Capital Days101929313733704749433939
ROCE %13%14%16%16%16%16%13%13%14%15%16%18%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters51.77%51.78%51.86%51.92%51.92%51.92%51.92%51.92%51.92%52.35%52.45%52.45%
FIIs0.95%1.50%1.31%1.39%1.33%1.35%1.31%1.30%1.29%1.49%1.42%1.29%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.02%0.04%0.08%0.55%0.56%0.59%
Public47.27%46.71%46.83%46.68%46.75%46.72%46.75%46.73%46.71%45.62%45.56%45.68%
No. of Shareholders15,03016,01517,91618,51718,50919,41219,56419,40919,03618,50618,09818,046

Fundamentals

Market Cap₹ 409 Cr.
Current Price₹ 317
Stock P/E16.7
Book Value₹ 156
ROCE17.6 %
ROE10.8 %
Dividend Yield0.38 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)15%
Compounded Profit Growth (TTM)57%
Standalone figures.
Valuation
Market capRs 412 Cr
Enterprise valueRs 498 Cr
P/E (TTM)16.77x
Price to book2.04x
Price to sales0.42x
EV / EBITDA7.30x
EV / EBIT8.47x
EV / sales0.51x
Price to cash flow9.50x
Earnings yield5.96%
Dividend yield0.38%
P/E, 3-year average14.73x
P/B, 3-year average1.09x
P/E, 5-year average13.12x
P/B, 5-year average0.84x
Profitability
Operating margin (excl. other income)6.15%
Operating margin (incl. other income)6.63%
EBITDA margin6.98%
Pre-tax margin3.38%
Net profit margin2.52%
Net margin, latest quarter3.16%
ROE10.74%
ROCE17.50%
ROA4.53%
ROE, 3-year average8.41%
ROCE, 3-year average16.40%
ROA, 3-year average3.72%
ROE, 5-year average6.83%
ROCE, 5-year average15.26%
ROA, 5-year average3.08%
ROIC (approx.)15.25%
Tax rate25.48%
Other income / net worth2.29%
Growth
Sales growth (latest year)20.05%
Profit growth (latest year)40.70%
Sales CAGR, 3 years21.93%
Sales CAGR, 5 years24.15%
Profit CAGR, 3 years41.92%
Profit CAGR, 5 years36.47%
Sales growth QoQ-7.38%
Profit growth QoQ-5.80%
Sales growth YoY (latest quarter)9.53%
Profit growth YoY (latest quarter)101.55%
Per share
EPS (TTM)Rs 19.01
EPS (latest year)Rs 15.97
EPS (latest quarter)Rs 6.03
EPS, 3-year averageRs 11.70
EPS, 5-year averageRs 9.12
Book value per shareRs 156.04
Sales per shareRs 754.51
Cash flow per shareRs 33.57
Free cash flow per shareRs 25.53
Dividend per share (latest year)Rs 1.20
Dividend per share, 3-year averageRs 1.06
Dividend per share, 5-year averageRs 1.06
Dividends
Dividend payout7.51%
Dividend payout, 3-year average9.70%
Dividend payout, 5-year average9.70%
Efficiency
Asset turnover1.95x
Fixed asset turnover9.31x
Inventory turnover6.92x
Inventory days53 days
Debtor days84 days
Debtors turnover4.35x
Creditor days68 days
Cash conversion cycle70 days
Working capital days39 days
Leverage
Total debtRs 111 Cr
Cash and bankRs 26 Cr
Net debtRs 85 Cr
Debt to equity0.55x
Net debt / EBITDA1.25x
Interest coverage2.28x
Current ratio (filing 2026-03-31)1.51x
Quick ratio (filing 2026-03-31)1.05x
Trade payables (filing 2026-03-31)Rs 146 Cr
Owners' fund to total sources41.17%
Debt to assets22.69%
Cash flow
Cash from Operating Activity (latest year)Rs 43 Cr
Cash from Investing Activity (latest year)Rs -11 Cr
Cash from Financing Activity (latest year)Rs -32 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs 33 Cr
FCFE (approx.: FCF + change in debt)Rs 28 Cr
Cash from ops / profit, 5 years2.58x
Sales to cash flow21.98x
Statement figures
Net sales (TTM)Rs 975 Cr
Net sales (latest year)Rs 954 Cr
Sales (latest quarter)Rs 247 Cr
Operating profit excl. other income (latest year)Rs 59 Cr
Operating profit (latest quarter)Rs 15 Cr
Other income (TTM)Rs 8 Cr
EBITDA (TTM)Rs 68 Cr
PBDT (TTM)Rs 42 Cr
Profit before tax (TTM)Rs 33 Cr
Tax (latest year)Rs 7 Cr
Net profit (TTM)Rs 25 Cr
Net profit (latest year)Rs 21 Cr
Net profit (latest quarter)Rs 8 Cr
Depreciation (TTM)Rs 9 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 26 Cr
Cost of goods sold (latest year)Rs 807 Cr
Total expenditure (latest year)Rs 895 Cr
Total income (latest year)Rs 959 Cr
Share capitalRs 13 Cr
ReservesRs 189 Cr
Shareholders' fundsRs 202 Cr
Total assetsRs 490 Cr
Net blockRs 102 Cr
InvestmentsRs 2 Cr
ReceivablesRs 219 Cr
InventoryRs 116 Cr
Other liabilitiesRs 177 Cr
Shares outstanding (crore)1.29
Ownership
Promoter holding52.45% (+0.53 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 16.8 is at the 65th percentile of its own 9.4-year range (median 14.9, low 4.0, high 37.5).
P/B 2.04 is at the 98th percentile (median 0.67).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodCORDSCABLENifty 50Difference
1 week-13.0%-2.8% -10.3 pts
1 month+1.9%-6.8% +8.7 pts
3 months+51.5%-7.6% +59.1 pts
6 months+145.9%+0.4% +145.5 pts
1 year+81.0%-9.9% +90.9 pts
2 years+50.7%-13.6% +64.3 pts
3 years+210.5%+14.2% +196.3 pts
5 years+498.3%+27.9% +470.4 pts

Red flags

F-score 7 of 8
lookInventory outrunning sales Inventory grew 59% vs sales +20% in 2026
lookAuditor change Auditor change 2026-09-30: Cords Cable Industries Limited has informed the Exchange regarding Change in Auditors of the company.
lookOn NSE surveillance On NSE surveillance: ESM
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

Jun 2026
Sales ₹247 Cr +9.5% vs Jun 2025. Net profit ₹8 Cr +101.6%.

Activity

Compare
CompanyMcap (Cr)P/EROCE
Polycab India Ltd122,10242.633.2 %
KEI Industries Ltd42,64742.820.0 %
R R Kabel Ltd28,53946.728.1 %
Finolex Cables Ltd21,95427.416.0 %
KSH International Ltd6,96853.221.5 %
Universal Cables Ltd5,09625.511.7 %
V-Marc India Ltd4,63939.741.4 %
Laser Power & Infra Ltd3,79634.620.5 %
Lumino Industries Ltd3,17918.726.6 %
Quadrant Future Tek Ltd2,161-15.5 %
Dynamic Cables Ltd2,10223.026.2 %
Paramount Communications Ltd1,89231.012.4 %
Divine Power Energy Ltd1,54657.9%
Systematic Industries Ltd59627.717.4 %
Susan Electricals India Ltd58123.237.0 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-09-21Dividend - Rs 1.20 Per Share
2025-09-22Dividend - Re 1 Per Share
2024-09-13Annual General Meeting/Dividend - Re 1 Per Share
2023-09-15Annual General Meeting
2022-09-15Annual General Meeting
2021-09-21 Annual General Meeting
2020-09-21 Annual General Meeting
2019-09-19 Annual General Meeting
2018-09-19 Annual General Meeting
2017-09-18 Annual General Meeting
2016-09-22 Annual General Meeting
2015-09-22 Annual General Meeting
2014-09-11Annual General Meeting
2013-09-16Annual General Meeting
2012-09-18Annual General Meeting
2011-09-19Annual General Meeting
2010-09-23Annual General Meeting And Dividend Rs.1/- Per Share
2009-07-16Agm/Div-Re.1/- Per Share
2008-09-23Agm/Dividend - 10%
DateTypeWhat it says
2026-09-30Change in AuditorsChange in Auditors of the company.
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
2018-01-22CESTATCORDS CABLE INDUSTRIES LIMITED (UNIT I) ---VS.--- JAIPUR-I
2017-12-05CESTATCORDS CABLE INDUSTRIES LIMITED (UNIT II) ---VS.--- ALWAR
2017-11-03CESTATALWAR ---VS.--- CORDS CABLE INDUSTRIES LTD
2017-09-27CESTATALWAR ---VS.--- CORDS CABLE INDUSTRIES LTD
2017-09-19CESTATCORDS CABLE INDUSTRIES LIMITED (UNIT 1) ---VS.--- ALWAR
2017-09-01CESTATALWAR ---VS.--- CORDS CABLE INDUSTRIES LTD
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
ESM: stage 1
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03