Cords Cable Industries Limited (IN:CORDSCABLE)
:CORDSCABLE
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Cords Cable Industries Limited
(CORDSCABLE)
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Rating:67Neutral
Price Target:
₹220.00
▲(21.28% Upside)
Action:Downgraded
Date:06/01/26
The score is driven primarily by stable-but-mixed financial performance (margin compression and weak/volatile cash conversion are key risks) and strong technical momentum. Valuation is moderate with a low dividend yield, offering limited additional support.
Positive Factors
Revenue scaling
Sustained revenue growth from ~3.23B to ~9.54B over several years reflects durable demand and successful scaling of operations. Larger scale supports fixed-cost absorption, stronger supplier negotiation, and a basis for continued investment in capacity and product breadth.
Negative Factors
Gross margin compression
A pronounced decline in gross margin to ~12.6% materially weakens structural profitability and limits the buffer against input-cost spikes. Persistently lower gross margins reduce operating leverage, making sustainable earnings growth harder without price recovery or cost cuts.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue scaling
Sustained revenue growth from ~3.23B to ~9.54B over several years reflects durable demand and successful scaling of operations. Larger scale supports fixed-cost absorption, stronger supplier negotiation, and a basis for continued investment in capacity and product breadth.
Read all positive factors
Cords Cable Industries Limited (CORDSCABLE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.86B
Dividend Yield0.52%
Average Volume (3M)1.87K
Price to Earnings (P/E)14.0
Beta (1Y)1.61
Revenue Growth20.05%
EPS Growth40.58%
CountryIN
Employees215
SectorServices
Sector StrengthN/A
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)12.81
Shares Outstanding12,927,780
10 Day Avg. Volume2,207
30 Day Avg. Volume1,869
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 to customers that need electrical power and control/signal transmission solutions. Revenue is generated from (1) product sales of cable types produc...
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 | 8.90B | 9.54B | 7.95B | 6.28B | 5.26B | 4.38B |
| Gross Profit | 1.55B | 1.20B | 1.06B | 1.21B | 1.05B | 735.37M |
| EBITDA | 577.98M | 583.04M | 533.52M | 437.54M | 376.97M | 382.39M |
| Net Income | 166.12M | 206.43M | 146.70M | 100.71M | 72.19M | 63.66M |
Balance Sheet | ||||||
| Total Assets | 4.35B | 4.90B | 4.21B | 3.62B | 3.37B | 3.24B |
| Cash, Cash Equivalents and Short-Term Investments | 259.74M | 278.45M | 252.79M | 16.27M | 203.37M | 41.75M |
| Total Debt | 1.01B | 1.03B | 1.07B | 847.47M | 834.26M | 928.73M |
| Total Liabilities | 2.45B | 2.88B | 2.38B | 1.92B | 1.77B | 1.72B |
| Stockholders Equity | 1.90B | 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
181.40
Price Trends
198.85
Positive
179.69
Positive
180.47
Positive
Market Momentum
4.26
Positive
56.48
Neutral
76.79
Neutral
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 181.4 is below the 20-day moving average (MA) of 218.90, below the 50-day MA of 198.85, and above the 200-day MA of 180.47, indicating a bullish trend. The MACD of 4.26 indicates Positive momentum. The RSI at 56.48 is Neutral, neither overbought nor oversold. The STOCH value of 76.79 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹17.86B | 21.03 | ― | 0.07% | 16.82% | 28.25% | |
69 Neutral | ₹2.65B | 10.56 | ― | 0.86% | 28.74% | 13.94% | |
67 Neutral | ₹2.86B | 13.97 | ― | 0.52% | 20.05% | 40.58% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
54 Neutral | ₹136.11M | 18.46 | ― | ― | 1.30% | -7.88% | |
45 Neutral | ₹50.81M | -0.44 | ― | ― | ― | ― |
* Services Sector Average
IN:CORDSCABLE
Cords Cable Industries Limited
219.15
25.64
13.25%
IN:BCP
B.C. Power Controls Ltd.
1.93
-0.03
-1.53%
IN:CMICABLES
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3.17
-0.33
-9.43%
IN:DYCL
Dynamic Cables Ltd.
366.70
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-20.32%
IN:SANCO
Sanco Industries Ltd
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IN:VETO
Veto Switchgears & Cables Ltd.
132.10
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8.03%
Cords Cable Industries Limited Corporate Events
Cords Cable Adds Naveen Sawhney HUF to Promoter Group Without Change in Control
Mar 28, 2026
Cords Cable Industries Limited has announced that Naveen Sawhney HUF, represented by its Karta and existing promoter Naveen Sawhney, has been formally classified as part of the company’s promoter group under SEBI regulations. The Hindu Undiv...
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.