Want to see IN:CMICABLES full AI Analyst Report?
Top Page
CMI Limited
(CMICABLES)
Select Model
Select Model
Rating:41Neutral
Price Target:
₹2.50
▼(-31.13% Downside)
Action:Reiterated
Date:09/20/26
The score is primarily constrained by weak financial fundamentals: persistent losses, negative margins, negative equity, and deteriorating recent cash generation. Technicals also weigh heavily, with the stock in a clear downtrend (below all major moving averages and negative MACD), despite very oversold RSI. Valuation contributes only modestly because a negative P/E largely reflects the loss-making profile and dividend yield is unavailable.
Positive Factors
Infrastructure Cable Exposure
The company operates in essential power and telecommunications infrastructure markets, giving its products relevance across utilities, contractors and industrial customers. Exposure to multiple infrastructure applications can support recurring demand as electrical distribution and connectivity networks require ongoing investment.
Negative Factors
Persistent Loss-Making Operations
Persistent negative gross, operating and net margins indicate that the revenue rebound has not translated into an economically sustainable business. Continued losses can consume capital, restrict reinvestment and make earnings recovery dependent on significant improvements in pricing, mix or operating costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Infrastructure Cable Exposure
The company operates in essential power and telecommunications infrastructure markets, giving its products relevance across utilities, contractors and industrial customers. Exposure to multiple infrastructure applications can support recurring demand as electrical distribution and connectivity networks require ongoing investment.
Read all positive factors
CMI Limited (CMICABLES) vs. iShares MSCI India ETF (INDA)
Market Cap
₹39.91M
Dividend Yield1.26%
Average Volume (3M)1.08K
Price to Earnings (P/E)―
Beta (1Y)0.19
Revenue Growth-46.38%
EPS Growth68.38%
CountryIN
Employees17
SectorGeneral
Sector StrengthN/A
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-4.01
Shares Outstanding16,027,456
10 Day Avg. Volume2,950
30 Day Avg. Volume1,083
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)-0.35
Price to Sales (P/S)0.99
P/FCF Ratio-278.81
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
CMI Limited Business Overview & Revenue Model
Company Description
Operating internationally, CMI Ltd. manufactures and supplies a comprehensive range of electrical wires and cables. Their extensive product line includes various specialized cables like quad, railway signaling, fire survival, and fire retardant lo...
How the Company Makes Money
CMI Limited makes money primarily by manufacturing and selling cables and wires to institutional and commercial buyers. Revenue is generated through (1) sale of power cables and related electrical cable products used in power distribution, infrast...
CMI Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
9
Very Negative
Cash Flow
22
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Sep 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 553.41M | 574.62M | 290.80M | 220.36M | 677.48M |
| Gross Profit | -76.56M | -73.67M | 49.44M | -226.27M | -264.13M |
| EBITDA | -37.94M | -22.22M | -7.89M | -1.07B | -1.27B |
| Net Income | -113.58M | -110.32M | -83.26M | -1.10B | -1.43B |
Balance Sheet | |||||
| Total Assets | 2.97B | 3.03B | 3.20B | 3.15B | 4.36B |
| Cash, Cash Equivalents and Short-Term Investments | 3.65M | 2.53M | 63.25M | 12.16M | 32.47M |
| Total Debt | 3.82B | 3.81B | 3.82B | 3.83B | 4.10B |
| Total Liabilities | 4.55B | 4.50B | 4.55B | 4.42B | 4.53B |
| Stockholders Equity | -1.58B | -1.46B | -1.36B | -1.27B | -169.35M |
Cash Flow | |||||
| Free Cash Flow | -1.97M | -78.08M | 56.95M | 125.23M | -760.83M |
| Operating Cash Flow | -1.97M | -76.23M | 57.09M | 135.39M | -760.77M |
| Investing Cash Flow | 3.12M | 64.55M | -39.39M | 146.72M | 161.42M |
| Financing Cash Flow | -977.00K | 1.11M | -11.74M | -278.88M | 531.25M |
CMI Limited Technical Analysis
Negative
3.63
Price Trends
2.74
Negative
2.99
Negative
3.82
Negative
Market Momentum
-0.05
Negative
27.21
Positive
30.77
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CMICABLES, the sentiment is Negative. The current price of 3.63 is above the 20-day moving average (MA) of 2.61, above the 50-day MA of 2.74, and below the 200-day MA of 3.82, indicating a bearish trend. The MACD of -0.05 indicates Negative momentum. The RSI at 27.21 is Positive, neither overbought nor oversold. The STOCH value of 30.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:CMICABLES.
CMI Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹219.66B | 27.44 | ― | 0.63% | 26.53% | 29.17% | |
70 Outperform | ₹285.63B | 46.96 | ― | 0.38% | 37.66% | 80.22% | |
69 Neutral | ₹426.86B | 42.78 | ― | 0.10% | 20.39% | 31.64% | |
60 Neutral | ₹91.65B | 52.04 | ― | 0.25% | 46.02% | 80.46% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹1.23T | 42.40 | ― | 0.58% | 32.39% | 29.13% | |
41 Neutral | ₹39.91M | -0.64 | ― | 1.26% | -46.38% | 68.38% |
* General Sector Average
IN:CMICABLES
CMI Limited
2.49
-0.81
-24.55%
IN:FINCABLES
Finolex Cables Limited
1,449.40
634.75
77.92%
IN:KEI
KEI Industries Limited
4,460.00
430.47
10.68%
IN:POLYCAB
Polycab India Ltd.
8,040.00
721.63
9.86%
IN:PRECWIRE
Precision Wires India Limited
491.45
300.53
157.41%
IN:RRKABEL
RR Kabel Ltd.
2,521.15
1,259.66
99.85%
CMI Limited Corporate Events
CMI Limited Files Unaudited Financials Amid Ongoing Insolvency Process
Sep 15, 2026
CMI Limited, a listed cables manufacturer under insolvency proceedings since August 2023, continues to function under the supervision of a Resolution Professional appointed pursuant to the Insolvency and Bankruptcy Code. The company’s board,...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.