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Cords Cable Industries Ltd

CORDSCABLE
NSE
180.64
0.17%
Last Updated:
29 Apr '26, 4:00 PM
Company Overview
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Cords Cable Industries Ltd

CORDSCABLE
NSE
180.64
0.17%
29 Apr '26, 4:00 PM
Company Overview
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6M
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Quick Ratios

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Mkt Cap
Market Capitalization
234Cr
Close
Close Price
180.64
Industry
Industry
Cables - Power
PE
Price To Earnings
14.01
PS
Price To Sales
0.25
Revenue
Revenue
920Cr
Rev Gr TTM
Revenue Growth TTM
24.27%
PAT Gr TTM
PAT Growth TTM
25.63%
Peer Comparison
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Quarterly Results

Standalone
Numbers
Percentage
QuarterMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue
RevenueCr
142135145168179173183205233226226236
Growth YoY
Revenue Growth YoY%
6.89.810.329.826.227.925.922.330.130.523.414.7
Expenses
ExpensesCr
131125136158167163172193219212212221
Operating Profit
Operating ProfitCr
11109101210111315141415
OPM
OPM%
7.87.36.16.26.86.06.26.36.36.06.26.2
Other Income
Other IncomeCr
013112111111
Interest Expense
Interest ExpenseCr
767576657776
Depreciation
DepreciationCr
222222222233
PBT
PBTCr
323454466557
Tax
TaxCr
111111121112
PAT
PATCr
222333354445
Growth YoY
PAT Growth YoY%
14.06.318.679.952.455.728.958.639.034.436.15.1
NPM
NPM%
1.51.41.41.81.81.71.42.31.91.71.62.1
EPS
EPS
1.61.41.62.32.52.22.03.63.43.02.73.8

Profit & Loss

Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
265283323365417421323438526628795920
Growth
Revenue Growth%
0.86.914.213.014.11.0-23.235.520.119.326.615.8
Expenses
ExpensesCr
238254290330378379289400487586745863
Operating Profit
Operating ProfitCr
272933353942353840414957
OPM
OPM%
10.310.310.29.79.49.910.78.77.56.66.26.2
Other Income
Other IncomeCr
22222211153
Interest Expense
Interest ExpenseCr
202122232426232423252527
Depreciation
DepreciationCr
5555677788810
PBT
PBTCr
458911116910142023
Tax
TaxCr
123340223456
PAT
PATCr
3356711467101517
Growth
PAT Growth%
32.814.966.521.117.445.0-59.246.213.439.545.714.9
NPM
NPM%
1.01.11.61.71.82.51.41.41.41.61.91.8
EPS
EPS
2.22.54.04.85.78.23.44.95.57.811.312.9

Balance Sheet

Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
Equity CapitalCr
111313131313131313131313
Reserves
ReservesCr
96104108114122128133139146156170177
Current Liabilities
Current LiabilitiesCr
156151135135148155119148151169206211
Non Current Liabilities
Non Current LiabilitiesCr
191423242719292426233234
Total Liabilities
Total LiabilitiesCr
284283279286309315294324337362421435
Current Assets
Current AssetsCr
181185186192211218199227242269316330
Non Current Assets
Non Current AssetsCr
103989394989894969592104104
Total Assets
Total AssetsCr
284283279286309315294324337362421435

Cash Flow

Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
2323192018421830353014
Investing Cash Flow
Investing Cash FlowCr
10-2-7-3-124-10-6-7-16
Financing Cash Flow
Financing Cash FlowCr
-25-21-17-13-15-30-21-17-33-232
Net Cash Flow
Net Cash FlowCr
-12000003-400
Free Cash Flow
Free Cash FlowCr
2123191283314202924-6
CFO To PAT
CFO To PAT%
833.4739.4364.5318.0240.0394.7415.1470.1484.8296.296.6
CFO To EBITDA
CFO To EBITDA%
82.578.557.056.245.0101.352.078.388.572.228.7

Ratios

Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
2958991048532516581225203
Price To Earnings
Price To Earnings
11.420.019.116.711.53.011.710.211.222.313.8
Price To Sales
Price To Sales
0.10.20.30.30.20.10.20.10.10.40.3
Price To Book
Price To Book
0.30.50.80.80.60.20.30.40.51.31.1
EV To EBITDA
EV To EBITDA
2.73.24.24.33.72.13.23.33.56.75.7
Profitability Ratios
Profitability Ratios
GPM
GPM%
23.023.021.220.119.722.425.321.620.019.318.9
OPM
OPM%
10.310.310.29.79.49.910.78.77.56.66.2
NPM
NPM%
1.01.11.61.71.82.51.41.41.41.61.9
ROCE
ROCE%
14.115.016.115.816.316.612.913.614.115.515.7
ROE
ROE%
2.52.74.34.95.57.53.04.24.56.08.0
ROA
ROA%
0.91.11.92.22.43.41.52.02.12.83.5
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
### **Overview** Cords Cable Industries Limited (CORDS) is a specialized manufacturer of **Control & Instrumentation cables** with over **30 years of experience** in serving mission-critical industries. The company operates in the **B2B segment**, maintaining a strong brand reputation and offering a comprehensive range of high-quality, customized cable solutions for demanding industrial environments. --- ### **Core Business & Product Portfolio** CORDS designs, develops, and manufactures a wide array of cables, including: - **Instrumentation Cables** - **Control Cables** - **Power Cables (LV and up to 1.9/3.3 kV)** - **Thermocouple Extension & Compensating Cables** - **Communication & Data Cables** - **Specialty Cables**: Fire Survival, Low Smoke Halogen Free (LSHF), Solar PV, Railway Jelly Filled Quad, Eurobalise Railway Safety, Fieldbus, EPR, Silicon Rubber, and Low-Temperature Cables Approximately **95% of orders are customized** based on specific customer requirements, reinforcing CORDS’ positioning as a leader in tailored cable solutions. --- ### **Product Mix and Specialization** - **~74% Instrumentation & Control Cables** (down from ~86% in earlier years – indicating strategic diversification) - **~26% Power Cables** The shift reflects CORDS’ growing focus on power applications in solar, green hydrogen, and infrastructure sectors. --- ### **Manufacturing & Capacity** CORDS operates **two advanced manufacturing facilities** in Rajasthan: 1. **Kaharani Plant**: ~35,000 core-cable-km/year 2. **Chopanki Plant**: ~30,000 core-cable-km/year **Total Annual Capacity**: ~65,000 core-cable-kilometres Both facilities have been operational at near-full capacity post-pandemic recovery, with a strong emphasis on: - Operational efficiency - Cost control - Preventive maintenance - Product mix optimization These initiatives support **economies of scale** and reinforce CORDS’ competitive edge. --- ### **Quality & Compliance** CORDS ensures strict adherence to international standards, including: - **IEC**, **EN**, **BS**, **VDE**, and **CE Marking** - **BIS License** for 1.9/3.3 kV Power Cables (secured FY2025) - **NABL Accreditation** for its in-house test laboratory (achieved FY2025) - **ADNOC (UAE) Product Approval** – critical for global hydrocarbon projects These certifications validate product reliability and open doors to international and regulated markets. --- ### **Key Markets & Applications** CORDS serves **critical infrastructure sectors**, including: - **Oil & Gas, Hydrocarbons, Petrochemicals** - **Power Generation & Transmission** - **Railways, Metro Rail, and Dedicated Freight Corridors** - **Airports and Smart Cities** - **Water & Waste Management** - **Renewables**: Solar Power, Green Hydrogen - **Process Industries**: Cement, Steel, Fertilizers, Chemicals, Pharmaceuticals - **Marine and Low-Temperature Environments** (emerging focus) --- ### **Customers & Approvals** CORDS has secured approvals and executed large-scale orders from **premier domestic and international clients**, including: - **L&T Hydrocarbon, HURL, BPCL, HPCL, Nayara Energy, Ultratech Cement** - **Adani Group (Infra, Ports), SRF, Kutch Copper** - **NCRTC, Municipal Corporation of Greater Mumbai** - **Petrofac (UAE), Ashghal (Qatar), Dangote (Nigeria), ADNOC (UAE)** In recent fiscal years, CORDS has delivered orders valued **between ₹25–50 crore** to blue-chip clients across hydrocarbon, infrastructure, and water sectors. --- ### **Exports & Global Reach** The company has successfully expanded overseas, with exports to: - **Middle East (UAE, Qatar)** - **Africa** - **Europe (including Italy)** - **Australia** These exports include supply to **overseas refineries, petrochemical complexes, and solar projects**, driven by CE certification and ADNOC approval. --- ### **Strategic Initiatives (FY2024–FY2025)** - **Market Diversification**: Expansion into **solar, green hydrogen, marine, automotive, and pharma** sectors - **Retail Market Entry**: Strategic partnership with **Stem Factory Solutions Pvt. Ltd.**, allowing CORDS to leverage its brand in the retail electrical market with minimal risk and high-volume potential - **R&D and Innovation**: Development of **specialized cables** for emerging technologies and extreme environments - **Brand Visibility**: Active participation in major exhibitions such as: - **ELECRAMA (India)** - **ADIPEC (Abu Dhabi)** - **Nigeria Oil & Gas (Abuja)** --- ### **Leadership** - **Mr. Naveen Sawhney (MD)**: 73 years old, with **over 53 years of experience** in the wires and cables industry - Started in quality control at **Delton Cables Ltd (1971)** - Transitioned to marketing, then joined **Cords India (1985)** for cable branding - Led the inception of **in-house manufacturing at Cords Cable Industries (1987)** His long-standing leadership has been instrumental in building CORDS' technical expertise and market credibility. --- ### **Financial & Regulatory Highlights** - **Authorized Capital**: ₹17.1 crore (equity and cumulative redeemable non-convertible preference shares) - **Foreign Exchange**: Generated earnings of **₹2,613.62 lakhs** and incurred outgo of **₹2,097.43 lakhs** (FY2020 data), reflecting sustained international engagement - No new equity or preference shares issued during recent financial years (as of 2020) --- ### **Registered & Operational Address** - **Registered Office**: New Delhi - **Manufacturing Plants**: Chopanki & Kaharani, Alwar District, Rajasthan - Additional unit located at: 94, 1st Floor, Shambhu Dayal Bagh Marg, Bhiwadi, Rajasthan