Stock Performance and Market Context
On 1 December 2025, Relicab Cable Manufacturing's share price touched an intraday low of Rs.43.6, representing a 4.39% decline during the trading session. This movement resulted in an underperformance relative to its sector, which saw a 3.29% lesser drop. The stock is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating sustained downward pressure over multiple time frames.
In contrast, the broader market displayed resilience. The Sensex opened higher at 86,065.92 points, gaining 359.25 points or 0.42%, and was trading near its 52-week high of 86,055.86 points. The index has recorded a 1.54% gain over the past three weeks, supported by small-cap stocks leading with a 0.4% rise in the BSE Small Cap index. The Sensex's 50-day moving average remains above its 200-day moving average, signalling a bullish trend for the benchmark.
Long-Term Price Trends and Returns
Relicab Cable Manufacturing's stock has experienced a notable decline over the past year, with a total return of -59.50%. This contrasts sharply with the Sensex's 7.61% return over the same period. The stock's 52-week high was Rs.112.8, highlighting the extent of the recent price contraction. Over the last three years, the stock has also underperformed the BSE500 index, reflecting persistent challenges in maintaining competitive performance.
Built for the long haul! Consecutive quarters of strong growth landed this Small Cap from Chemicals on our Reliable Performers list. Sustainable gains are clearly ahead!
- - Long-term growth stock
- - Multi-quarter performance
- - Sustainable gains ahead
Financial Metrics and Operational Overview
Relicab Cable Manufacturing operates within the Other Electrical Equipment industry and sector. The company’s market capitalisation is graded at 4, reflecting its micro-cap status. The stock’s recent day change was negative by 3.55%, further contributing to the downward trend.
Over the past five years, the company’s operating profits have shown a compound annual growth rate (CAGR) of 13.52%. However, the ability to service debt remains constrained, with an average EBIT to interest ratio of 1.47, indicating limited coverage of interest expenses by earnings before interest and tax.
One notable factor exerting pressure on the stock price is the high percentage of promoter shares pledged, which stands at 99.94%. In volatile or declining markets, such a high level of pledged shares can amplify selling pressure, as lenders may seek to liquidate holdings to cover margin calls.
Recent Quarterly Performance and Valuation
The company reported net sales of Rs.13.65 crores in the most recent quarter, reflecting a growth rate of 22.75%. Despite this increase in sales, profits have contracted by 37.7% over the past year, signalling margin pressures or increased costs impacting the bottom line.
Return on capital employed (ROCE) stands at 14.9%, which is considered attractive within the sector. Additionally, the enterprise value to capital employed ratio is 2.4, suggesting that the stock is trading at a discount relative to its peers’ historical valuations. These valuation metrics indicate that while the stock price has declined, certain fundamental measures remain favourable.
Considering Relicab Cable Manufacturing ? Wait! SwitchER has found potentially better options in Other Electrical Equipment and beyond. Compare this micro-cap with top-rated alternatives now!
- - Better options discovered
- - Other Electrical Equipment + beyond scope
- - Top-rated alternatives ready
Sector and Market Comparison
Within the Other Electrical Equipment sector, Relicab Cable Manufacturing’s stock has lagged behind broader market indices and sector peers. The BSE Small Cap index, which often reflects the performance of smaller companies, gained 0.4% on the day, contrasting with the stock’s decline. The Sensex’s proximity to its 52-week high and its bullish moving averages further highlight the divergence between the company’s share price trajectory and the overall market trend.
Such disparity underscores the challenges faced by Relicab Cable Manufacturing in maintaining investor confidence and market positioning amid a generally positive market environment.
Summary of Key Concerns
The stock’s fall to Rs.43.6 marks a critical price level, reflecting a combination of factors including subdued long-term returns, high promoter share pledging, and constrained debt servicing capacity. While recent sales growth and valuation metrics offer some positive context, the overall performance over the past year and longer term has been below par compared to market benchmarks.
Trading below all major moving averages signals continued caution among market participants, and the stock’s underperformance relative to sector and market indices remains a notable feature of its recent price action.
Conclusion
Relicab Cable Manufacturing’s stock reaching a 52-week low of Rs.43.6 on 1 December 2025 highlights the pressures facing the company amid a generally buoyant market. The contrast between the stock’s performance and the broader market’s gains emphasises the challenges within the company’s financial and operational profile. Investors and market watchers will continue to monitor how these factors evolve in the context of sector dynamics and overall market conditions.
Get 1 year of Weekly Picks FREE when you subscribe to MojoOne. Offer ends soon. Start Saving Now →
