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Cords Cable Industries Limited
(CORDSCABLE)
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Rating:62Neutral
Price Target:
₹337.00
▲(65.20% Upside)
Action:Reiterated
Date:09/06/26
The score is primarily driven by stable-but-not-high-quality financials: strong revenue scaling and improving leverage/ROE are offset by significant gross margin compression and uneven cash conversion. Technicals are supportive with a clear uptrend, but overbought signals raise near-term risk. Valuation looks fair on earnings but offers minimal dividend support.
Positive Factors
Revenue Scaling
Strong multi-year revenue expansion demonstrates growing demand for the company’s cable and wire products across industrial and infrastructure applications. Continued top-line growth can support operating scale, broaden customer reach, and provide a durable base for improving earnings over the next several quarters.
Negative Factors
Gross Margin Compression
The sharp reduction in gross margin shows that revenue growth is not translating proportionately into economic profit. Persistent input-cost or pricing pressure could limit operating leverage, constrain reinvestment and leave earnings vulnerable even if sales continue expanding.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Scaling
Strong multi-year revenue expansion demonstrates growing demand for the company’s cable and wire products across industrial and infrastructure applications. Continued top-line growth can support operating scale, broaden customer reach, and provide a durable base for improving earnings over the next several quarters.
Read all positive factors
Cords Cable Industries Limited (CORDSCABLE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹4.11B
Dividend Yield0.32%
Average Volume (3M)12.41K
Price to Earnings (P/E)16.7
Beta (1Y)1.53
Revenue Growth15.12%
EPS Growth56.93%
CountryIN
Employees243
SectorGeneral
Sector StrengthN/A
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)18.94
Shares Outstanding12,927,780
10 Day Avg. Volume30,176
30 Day Avg. Volume12,411
Financial Highlights & Ratios
PEG Ratio0.20
Price to Book (P/B)0.84
Price to Sales (P/S)0.18
P/FCF Ratio19.43
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
Cords Cable Industries Limited Business Overview & Revenue Model
Company Description
Cords Cable Industries Limited, an Indian enterprise founded in 1987 and headquartered in New Delhi, specializes in the engineering, manufacturing, and distribution of a broad spectrum of cables. The company supplies power, control, instrumentatio...
How the Company Makes Money
Cords Cable Industries Limited primarily makes money by manufacturing and selling cables and wires. Its revenue model is product-led: income is recognized from the sale of finished cable products (typically on a per-meter/per-kilometer basis) to c...
Cords Cable Industries Limited Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
70
Positive
Cash Flow
44
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.79B | 9.54B | 7.95B | 6.28B | 5.26B | 4.38B |
| Gross Profit | 1.47B | 1.20B | 1.06B | 1.21B | 1.05B | 735.37M |
| EBITDA | 675.31M | 632.83M | 533.52M | 437.54M | 376.97M | 382.39M |
| Net Income | 245.75M | 206.43M | 146.70M | 100.71M | 72.19M | 63.66M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 4.90B | 4.21B | 3.62B | 3.37B | 3.24B |
| Cash, Cash Equivalents and Short-Term Investments | 278.45M | 278.45M | 252.79M | 16.27M | 203.37M | 41.75M |
| Total Debt | 0.00 | 1.03B | 1.07B | 847.47M | 834.26M | 928.73M |
| Total Liabilities | -2.02B | 2.88B | 2.38B | 1.92B | 1.77B | 1.72B |
| Stockholders Equity | 2.02B | 2.02B | 1.82B | 1.69B | 1.59B | 1.52B |
Cash Flow | ||||||
| Free Cash Flow | 214.12M | 86.78M | -279.70M | 243.40M | 291.20M | 200.47M |
| Operating Cash Flow | 266.88M | 191.66M | -77.16M | 298.26M | 349.96M | 299.28M |
| Investing Cash Flow | -49.84M | -121.44M | -192.66M | -65.77M | -59.64M | -98.17M |
| Financing Cash Flow | -216.15M | -65.78M | 270.09M | -232.79M | -325.40M | -170.96M |
Cords Cable Industries Limited Technical Analysis
Positive
204.00
Price Trends
226.58
Positive
215.38
Positive
193.47
Positive
Market Momentum
23.88
Negative
77.45
Negative
80.63
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CORDSCABLE, the sentiment is Positive. The current price of 204 is below the 20-day moving average (MA) of 253.22, below the 50-day MA of 226.58, and above the 200-day MA of 193.47, indicating a bullish trend. The MACD of 23.88 indicates Negative momentum. The RSI at 77.45 is Negative, neither overbought nor oversold. The STOCH value of 80.63 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:CORDSCABLE.
Cords Cable Industries Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹186.55B | 23.42 | ― | 0.73% | 26.53% | 29.17% | |
70 Outperform | ₹277.23B | 45.75 | ― | 0.40% | 37.66% | 80.22% | |
69 Neutral | ₹463.66B | 46.51 | ― | 0.10% | 20.39% | 31.64% | |
62 Neutral | ₹4.11B | 16.67 | ― | 0.34% | 15.12% | 56.93% | |
59 Neutral | ₹52.30B | 41.30 | ― | 0.47% | 60.51% | 85.36% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹1.25T | 43.43 | ― | 0.57% | 32.39% | 29.13% |
* General Sector Average
IN:CORDSCABLE
Cords Cable Industries Limited
312.50
137.94
79.02%
IN:FINCABLES
Finolex Cables Limited
1,226.90
399.19
48.23%
IN:KEI
KEI Industries Limited
4,695.00
644.14
15.90%
IN:POLYCAB
Polycab India Ltd.
8,254.00
957.43
13.12%
IN:RAMRAT
Ram Ratna Wires Limited
526.90
157.13
42.50%
IN:RRKABEL
RR Kabel Ltd.
2,387.90
1,185.44
98.58%
Cords Cable Industries Limited Corporate Events
Cords Cable Flags Routine Newspaper Disclosure to Exchange
Aug 25, 2026
Cords Cable Industries Limited informed the stock exchange that it has published a statutory notice in newspapers, fulfilling its disclosure obligations to shareholders and regulators. The release signals routine compliance with listing and corpor...
Cords Cable Closes Trading Window Ahead of Q1 FY2026 Results
Jun 29, 2026
Cords Cable Industries Limited has announced the closure of its trading window starting 1 July 2026, in line with the SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will remain closed until 48 hours after the company makes pub...
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.