CMI Limited (CMICABLES) AI Stock Analysis

• Market Cap: ₹85.43M
• Dividend Yield: N/A
• Average Volume (3M): 1.18K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.15
• Revenue Growth: 254.90%
• EPS Growth: -150.80%
• Country: IN
• Employees: 16
• Sector: Services
• Sector Strength: N/A
• Industry: Electrical Equipment & Parts
• EPS (TTM): N/A
• Shares Outstanding: 16,027,456
• 10 Day Avg. Volume: 1,042
• 30 Day Avg. Volume: 1,184
• PEG Ratio: -0.02
• Price to Book (P/B): -0.04
• Price to Sales (P/S): 0.10
• P/FCF Ratio: -0.73
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: ₹5.50 ▲(51.52% Upside)

CMI Limited's overall stock score is primarily impacted by its poor financial performance, characterized by significant losses and high leverage. While technical indicators show strong momentum, the overbought condition suggests caution. The negative P/E ratio and lack of dividend yield further weigh down the valuation score.

Positive Factors

Strong Revenue Growth

Exceptionally high reported revenue growth indicates the company is winning market share and demand for its cable products. Sustained top-line expansion provides scale benefits, bargaining power with suppliers, and a platform to convert sales into lasting profitability if cost structures are fixed.

Diversified Revenue Streams and Major Contracts

Multiple distribution channels and contracts with major telecom customers reduce single-client concentration risk and smooth demand cycles. Partnerships for specialized products expand the addressable market and support longer-term recurring revenue and strategic customer relationships.

Product Breadth and R&D Focus

A broad product portfolio across fiber, coaxial and power cables plus an emphasis on R&D supports technological differentiation versus commodity peers. That capability enables the firm to adapt to structural shifts (e.g., fiber rollouts) and sustain product-led competitive advantages over months to years.

Negative Factors

Severe Leverage and Negative Equity

Deeply negative equity and high leverage materially weaken financial flexibility. Over the medium term this increases refinancing and solvency risk, raises borrowing costs, and limits the company's ability to invest in growth or withstand demand shocks without restructuring or equity support.

Negative Operating and Free Cash Flow

Persistently negative operating and free cash flow signal the business is consuming liquidity to run operations. Without an operational cash-flow turnaround or external funding, the company will face constrained investment capacity, impaired debt service ability, and higher dependency on financing.

Persistent Negative Profit Margins

Negative gross and net margins point to structural cost or pricing issues: input cost inflation, inefficiencies, or low product mix profitability. Revenue growth without margin recovery undermines long-term viability and suggests scale has not yet translated into sustainable profitability.

CMI Limited Business Overview & Revenue Model

Company Description

CMI Limited (CMICABLES) is a leading provider of innovative cable and wire solutions, operating primarily in the telecommunications and electrical sectors. The company specializes in manufacturing a wide range of high-quality cables, including fiber optic, coaxial, and power cables, catering to both commercial and residential markets. With a strong focus on research and development, CMICABLES aims to deliver cutting-edge products that meet the evolving needs of its customers, enhancing connectivity and efficiency across various applications.

How the Company Makes Money

CMI Limited generates revenue primarily through the sale of its cable and wire products to various industries, including telecommunications, construction, and electrical distribution. The company benefits from multiple revenue streams, including direct sales to manufacturers, wholesalers, and retailers, as well as contracts with major telecom companies for bulk supply. Additionally, CMICABLES engages in partnerships with technology firms to develop specialized products, which further diversifies its offerings and enhances its market position. The company's focus on quality and innovation allows it to command competitive pricing, contributing significantly to its profitability.

CMI Limited Financial Statement Overview

Summary

CMI Limited is facing significant financial difficulties. Despite strong revenue growth, the company struggles with profitability and cash flow generation. High leverage and negative equity further exacerbate financial risks, indicating a need for strategic restructuring to improve financial health and sustainability.

Income Statement

CMI Limited's income statement reveals significant challenges. The company has experienced negative profit margins across the board, with a gross profit margin of -12.82% and a net profit margin of -19.20% in the latest year. Despite a substantial revenue growth rate of 171.34%, the company continues to incur losses, indicating inefficiencies in cost management and operational challenges.

Balance Sheet

The balance sheet shows a concerning financial structure, with a negative stockholders' equity of -1,464.42 million and a high debt-to-equity ratio of -2.60. This indicates significant leverage and financial instability. The return on equity is positive at 7.53%, but this is due to the negative equity, which distorts the metric.

Cash Flow

Cash flow analysis highlights severe issues, with negative operating cash flow of -76.24 million and free cash flow of -78.08 million. The free cash flow to net income ratio is slightly above 1, suggesting that cash flow is not improving despite net losses. The company faces challenges in generating positive cash flow, impacting its liquidity and operational flexibility.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	211.77M	574.62M	290.80M	220.36M	677.48M	2.02B
Gross Profit	33.49M	-73.67M	49.44M	-100.62M	-103.06M	-31.39M
EBITDA	-11.86M	-101.69M	-7.89M	-1.07B	-1.27B	-1.61B
Net Income	-64.81M	-110.32M	-83.26M	-1.10B	-1.43B	-1.95B
Balance Sheet
Total Assets	3.20B	3.03B	3.20B	3.15B	4.36B	5.76B
Cash, Cash Equivalents and Short-Term Investments	63.25M	2.53M	63.25M	12.16M	32.47M	189.18M
Total Debt	3.82B	3.81B	3.82B	3.83B	4.10B	3.13B
Total Liabilities	4.55B	4.50B	4.55B	4.42B	4.53B	4.51B
Stockholders Equity	-1.36B	-1.46B	-1.36B	-1.27B	-169.35M	1.25B
Cash Flow
Free Cash Flow	41.95M	-78.08M	56.95M	125.23M	-760.83M	-55.10M
Operating Cash Flow	41.95M	-76.23M	57.09M	135.39M	-760.77M	-53.10M
Investing Cash Flow	0.00	64.55M	-39.39M	146.72M	161.42M	74.49M
Financing Cash Flow	0.00	1.11M	-11.74M	-278.88M	531.25M	316.85M

CMI Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 3.63
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CMICABLES, the sentiment is Neutral. The current price of 3.63 is below the 20-day moving average (MA) of 5.60, below the 50-day MA of 5.41, and below the 200-day MA of 4.01, indicating a neutral trend. The MACD of 0.03 indicates Positive momentum. The RSI at 31.69 is Neutral, neither overbought nor oversold. The STOCH value of 64.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:CMICABLES.

CMI Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CORDSCABLE	76 Outperform	₹2.11B	12.69	―	0.52%	26.59%	42.18%
VETO	70 Outperform	₹1.90B	9.05	―	0.86%	7.26%	19.13%
DYCL	61 Neutral	₹14.06B	16.77	―	0.07%	28.58%	54.67%
BCP	57 Neutral	₹130.53M	9.95	―	―	―	―
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
CMICABLES	45 Neutral	₹85.43M	-0.41	―	―	254.90%	-150.80%