Cords Cable Industries Reports Strong Growth Amidst Stock Evaluation Shift and Debt Concerns

Cords Cable Industries, a microcap player in the electrical cables industry, has recently undergone an adjustment in its evaluation. This revision reflects a shift in the technical landscape surrounding the stock, indicating a transition from a bullish to a mildly bullish trend.
In terms of key financial metrics, Cords Cable has reported positive performance in its latest quarterly results for Q1 FY25-26. The company achieved a profit before tax (PBT) of Rs 4.54 crore, marking a significant growth of 125.87%. Additionally, the profit after tax (PAT) for the latest six months stood at Rs 8.36 crore, reflecting a growth rate of 36.82%. Net sales for the quarter reached Rs 225.70 crore, which is an increase of 30.49%.

Despite these positive indicators, the stock has faced challenges, including a return of -21.60% over the past year, which contrasts with the broader market's performance. The company's ability to service its debt remains a concern, highlighted by a low EBIT to interest ratio of 1.37. Furthermore, the long-term growth trajectory appears subdued, with net sales and operating profit growing at annual rates of 13.55% and 3.21%, respectively, over the last five years.

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