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Cords Cable Industries Limited
(CORDSCABLE)
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Rating:60Neutral
Price Target:
₹338.00
▲(65.69% Upside)
Action:Reiterated
Date:09/09/26
The score is held back primarily by uneven cash generation and significant gross margin compression despite strong revenue scaling and improving balance-sheet efficiency. Technically, the stock is in a strong uptrend but appears overextended based on RSI/Stoch. Valuation is reasonable at ~19.7x earnings, but the low dividend yield provides limited downside support.
Positive Factors
Strong Revenue Scaling
The substantial multi-year revenue increase demonstrates that Cords Cable has expanded its business base across power, control, instrumentation, and industrial applications. Continued top-line growth supports operating scale, customer reach, and the potential to compound earnings if profitability stabilizes.
Negative Factors
Sharp Gross-Margin Compression
The steep gross-margin decline shows that revenue growth has not translated proportionally into retained product economics. Persistent compression could limit operating leverage, reduce funds available for reinvestment, and leave earnings more exposed to pricing or input-cost pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Scaling
The substantial multi-year revenue increase demonstrates that Cords Cable has expanded its business base across power, control, instrumentation, and industrial applications. Continued top-line growth supports operating scale, customer reach, and the potential to compound earnings if profitability stabilizes.
Read all positive factors
Cords Cable Industries Limited (CORDSCABLE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹4.16B
Dividend Yield0.39%
Average Volume (3M)26.56K
Price to Earnings (P/E)16.3
Beta (1Y)1.48
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. Volume14,898
30 Day Avg. Volume26,559
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 | 1.11B | 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
279.91
Positive
245.44
Positive
208.01
Positive
Market Momentum
11.79
Positive
46.36
Neutral
17.34
Positive
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 347.37, below the 50-day MA of 279.91, and below the 200-day MA of 208.01, indicating a neutral trend. The MACD of 11.79 indicates Positive momentum. The RSI at 46.36 is Neutral, neither overbought nor oversold. The STOCH value of 17.34 is Positive, 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 | ₹222.86B | 28.05 | ― | 0.61% | 26.53% | 29.17% | |
70 Outperform | ₹284.69B | 49.28 | ― | 0.36% | 37.66% | 80.22% | |
69 Neutral | ₹430.97B | 44.48 | ― | 0.10% | 20.39% | 31.64% | |
60 Neutral | ₹4.16B | 16.28 | ― | 0.39% | 15.12% | 56.93% | |
59 Neutral | ₹57.59B | 46.74 | ― | 0.39% | 60.51% | 85.36% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹1.20T | 42.28 | ― | 0.58% | 32.39% | 29.13% |
* General Sector Average
IN:CORDSCABLE
Cords Cable Industries Limited
310.50
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79.25%
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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...
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.