Cords Cable Industries Limited (CORDSCABLE) AI Stock Analysis

• Market Cap: ₹2.16B
• Dividend Yield: 0.52%
• Average Volume (3M): 1.87K
• Price to Earnings (P/E): 12.2
• Beta (1Y): 1.89
• Revenue Growth: 26.59%
• EPS Growth: 42.18%
• Country: IN
• Employees: 215
• Sector: Services
• Sector Strength: N/A
• Industry: Electrical Equipment & Parts
• EPS (TTM): 3.80
• Shares Outstanding: 12,927,780
• 10 Day Avg. Volume: 2,207
• 30 Day Avg. Volume: 1,869
• PEG Ratio: 0.31
• Price to Book (P/B): 1.14
• Price to Sales (P/S): 0.26
• P/FCF Ratio: -7.46
• 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: 76 Outperform
• Price Target: ₹189.00 ▲(4.19% Upside)
• Action: Upgraded Date: 11/28/25
• Date: Action: Upgraded 11/28/25

Cords Cable Industries Limited has a strong technical outlook with positive market momentum and a reasonable valuation. Financial performance is solid with robust revenue growth, but there are concerns regarding profitability and cash flow management. The absence of earnings call and corporate events data does not impact the score.

Positive Factors

Revenue Growth

Cords Cable has reported ~24.3% revenue growth, reflecting expanding order flow and market demand across industrial and infrastructure end markets. Durable top-line expansion supports scale benefits, strengthens negotiating power with suppliers, and underpins longer-term capacity utilization and investment planning.

Stable Gross Margins

Stable gross margins indicate the company maintains pricing and production discipline despite raw material exposure. This durability in core manufacturing margins suggests the business can sustain gross profitability through input cost cycles, supporting reinvestment and buffering operating profit against volatility.

Healthy Equity Base

A healthy equity ratio provides a capital buffer that supports resilience to downturns and funds incremental capex or working capital needs. Positive return on equity implies productive use of shareholder capital, enabling the firm to pursue growth without immediate overreliance on external funding.

Negative Factors

High Leverage

Relatively high debt-to-equity increases financial risk and interest obligations, constraining flexibility for capital allocation. In a capital-intensive supplier business, elevated leverage can limit ability to invest in capacity, raise working capital for large projects, or weather downturns without costly refinancing.

Volatile Operating Cash Flow

Variability and recent negative operating cash flow undermine self-funding of operations and capex. Persistent cash volatility forces reliance on external financing or working capital facilities, which amplifies risk when combined with high leverage and can pressure supplier/customer relationships over the medium term.

Low Net Profit Margin

Despite robust revenue growth, low net margins indicate that top-line gains are not translating proportionally to bottom-line returns. This limits retained earnings for reinvestment, reduces ability to build reserves, and makes the company more vulnerable to input cost increases or financing costs over coming quarters.

Cords Cable Industries Limited Business Overview & Revenue Model

Company Description

Cords Cable Industries Limited designs, develops, manufactures, and sells power, control, instrumentation, thermocouple extension/compensating, and communication cables in India. It offers cables, such as fieldbus, fire survival, EPR, low temperature, fire retardant low smoke, low smoke zero halogen, oil and gas, water desalination and special custom designed hybrid, and PV solar cables. The company's control cables are used in interconnection of process control, communication, and panel control systems; electrical cables are applied in electric power, lighting, and internal wiring; and LV power cables are used in connecting power supply to residential, commercial, and industrial units. Its instrumentation, signal, and data cables are applied in data acquisition systems, computer networking, PA systems, digital control/measuring, and communication systems; and thermocouple cables are used to extend thermocouple circuits from the sensor to reference units. The company also exports its products. It serves in power generation, electricity transmission and distribution, oil refining and distribution, petrochemicals, iron and steel, chemicals and fertilizers, cement, and engineering industries. The company was founded in 1987 and is headquartered in New Delhi, India.

How the Company Makes Money

CORDSCABLE generates revenue primarily through the sale of its manufactured cable and wire products. The company has several key revenue streams, including direct sales to industrial clients, distributors, and retailers in the electrical and telecommunications sectors. Additionally, CORDSCABLE may engage in long-term contracts with large corporations or government projects, providing a stable source of income. The company also benefits from partnerships with suppliers and manufacturers in related industries, enhancing its market reach and product offerings. Innovation in product development and a focus on quality assurance further contribute to customer loyalty and repeat business, driving sustained revenue growth.

Cords Cable Industries Limited Financial Statement Overview

Summary

Cords Cable Industries Limited demonstrates strong revenue growth and stable gross margins. However, challenges remain in profitability and cash flow management. The balance sheet reflects a solid equity base, though high leverage needs careful management. The company should focus on improving net income margins and stabilizing cash flows to enhance financial health.

Income Statement

Cords Cable Industries Limited has shown a robust revenue growth trajectory, with a significant increase from the previous year. The gross profit margin has remained stable, indicating effective cost management. However, the net profit margin is relatively low, suggesting room for improvement in operational efficiency.

Balance Sheet

The company maintains a healthy equity ratio, indicating good financial stability. However, the debt-to-equity ratio is relatively high, suggesting potential leverage risks. Return on equity is positive, reflecting profitable utilization of equity, but improvements could enhance shareholder returns.

Cash Flow

Operating cash flow has shown volatility, with a negative figure in the latest period. The free cash flow growth rate is concerning, reflecting potential liquidity issues. Nonetheless, the company has managed to sustain operations, but further cash flow stability is needed.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	8.47B	7.95B	6.28B	5.26B	4.38B	3.23B
Gross Profit	1.49B	1.06B	1.21B	1.05B	735.37M	651.94M
EBITDA	553.69M	533.52M	437.54M	376.97M	382.39M	359.47M
Net Income	156.60M	146.70M	100.71M	72.19M	63.66M	43.55M
Balance Sheet
Total Assets	0.00	4.21B	3.62B	3.37B	3.24B	2.94B
Cash, Cash Equivalents and Short-Term Investments	252.79M	252.79M	16.27M	203.37M	41.75M	10.64M
Total Debt	0.00	1.07B	847.47M	834.26M	928.73M	853.78M
Total Liabilities	-1.82B	2.38B	1.92B	1.77B	1.72B	1.48B
Stockholders Equity	1.82B	1.82B	1.69B	1.59B	1.52B	1.46B
Cash Flow
Free Cash Flow	0.00	-279.70M	243.40M	291.20M	200.47M	143.16M
Operating Cash Flow	0.00	-77.16M	298.26M	349.96M	299.28M	180.79M
Investing Cash Flow	0.00	-192.66M	-65.77M	-59.64M	-98.17M	36.80M
Financing Cash Flow	0.00	270.09M	-232.79M	-325.40M	-170.96M	-212.68M

Cords Cable Industries Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 181.40
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CORDSCABLE, the sentiment is Negative. The current price of 181.4 is above the 20-day moving average (MA) of 172.21, above the 50-day MA of 172.80, and below the 200-day MA of 183.79, indicating a bearish trend. The MACD of -0.99 indicates Positive momentum. The RSI at 41.48 is Neutral, neither overbought nor oversold. The STOCH value of 30.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:CORDSCABLE.

Cords Cable Industries Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CORDSCABLE	76 Outperform	₹2.16B	12.24	―	0.52%	26.59%	42.18%
VETO	70 Outperform	₹1.91B	8.32	―	0.86%	7.26%	19.13%
DYCL	61 Neutral	₹13.75B	18.05	―	0.07%	28.58%	54.67%
BCP	57 Neutral	₹121.45M	4.50	―	―	―	―
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
CMICABLES	45 Neutral	₹69.88M	-0.52	―	―	254.90%	-150.80%

Cords Cable Industries Limited Corporate Events

Cords Cable Files SEBI Compliance Certificate for December Quarter

Cords Cable Industries Limited has submitted to the National Stock Exchange of India and the Bombay Stock Exchange a confirmation certificate from its Registrar & Share Transfer Agent, MUFG Intime India Private Limited, under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended December 31, 2025. The filing underscores the company’s ongoing compliance with securities depository and participant norms, signaling continued adherence to regulatory requirements important for shareholders and market regulators.

Cords Cable Industries Faces Tax Credit Demands, Plans Rectification Action

Cords Cable Industries Limited announced receiving a demand order from the Assistant Commissioner of CGST Division, alleging incorrect availing of input tax credit between FY 2018-19 and 2022-23. The company plans to file a rectification application and stated that the order has no material impact on its financial or operational activities.