CMI Ltd (CMICABLES) — shareholding pattern, promoter holding, financials and share price
About CMI Ltd (CMICABLES)
CMI Ltd operates in the Cables - Electricals industry, within the Capital Goods sector. It trades on the NSE as CMICABLES and on the BSE under scrip code 517330. Its ISIN is INE981B01011.
Incorporated in 1967, CMI Ltd is a manufacturer of wires and cables. [1]
CMI Limited is an Indian company specializing in the manufacture of a wide range of wires and cables including signaling, instrumentation, telephone, and power cables.
Historically, the company has expanded its manufacturing capabilities with investments in new technologies and facilities, such as Optical Fibre and Category-5 Datacom cables.
Listed peers in Cables - Electricals: JD Cables Ltd, Systematic Industries Ltd, Cords Cable Industries Ltd, Plaza Wires Ltd, Ultracab (India) Ltd, B.C. Power Controls Ltd.
Valuation & Returns
At ₹2.9 a share, CMI Ltd (CMICABLES) was valued at a price-to-earnings ratio of 0.18x against an industry P/E of 37x. Solomo computes return on equity of 7.53% and return on capital employed of -4.31% from filed results.
- P/E
- 0.18x
- Industry P/E
- 37x
- Book value / share
- ₹-91.37
- ROE
- 7.53%
- ROCE
- -4.31%
- ROA
- -6.89%
- Debt / equity
- -2.61x
- Dividend yield
- 0%
- EBITDA margin
- -5.47%
- 52-week range
- ₹2.87 – ₹6.16
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2018In the year ended Mar 2018, CMI Ltd (CMICABLES) reported revenue of ₹560 crore, net profit of ₹26 crore and earnings per share of ₹17.18. That compares with revenue of ₹378 crore and net profit of ₹30 crore in Mar 2017. Figures are consolidated, as filed with the exchanges.
In the quarter ended Dec 2018, revenue was ₹175.93 crore and net profit ₹6.83 crore (consolidated).
| Metric | Mar 2010 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 48 | 136 | 240 | 378 | 560 |
| Net profit (₹ cr) | 2 | 6 | 106 | 30 | 26 |
| EPS (₹) | - | 5.5 | 75.28 | 20.35 | 17.18 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | -15.79% | -35.08% | -5.34% | 48.21% |
| Profit growth | - | - | - | -14.17% |
| Stock price CAGR | -34% | -44% | -29% | -9% |
Ownership Summary
Mar 2023As of Mar 2023, promoters hold 0.5% of CMI Ltd (CMICABLES) (unchanged from the previous quarter), foreign institutional investors (FII) hold 0.81% and domestic institutional investors (DII) hold 23.1%. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Mar 2001.
Largest disclosed public shareholders in Mar 2023: Canara Bank-new Delhi 12.35%, Bank Of Bahrain And Kuwait B.s.c. 10.75%, Ananthakrishnan 6.15%, HUF 2.14%, Cni Research 1.87%, Ramesh Singhal 1.21%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Mar 2023 | 0.5% | - | 0.81% | 23.1% | 99.5% |
| Dec 2022 | 0.5% | - | 0.81% | 23.1% | 99.5% |
| Sep 2022 | 7.93% | - | 1.01% | 23.13% | 92.07% |
| Jun 2022 | 26.86% | 46% | 0.81% | 10.75% | 73.14% |
| Mar 2022 | 26.89% | 45.9% | 0.81% | 10.75% | 73.11% |
| Dec 2021 | 26.89% | 45.9% | 0.81% | 10.75% | 73.11% |
| Sep 2021 | 26.99% | 45.8% | 2.31% | 10.74% | 73.01% |
| Jun 2021 | 41.17% | 34.4% | 3.47% | 1.87% | 58.83% |