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 the stock underperforming its sector by 3.29% on the day. The stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained downward momentum over multiple time frames.
In contrast, the broader market showed resilience. The Sensex opened higher at 86,065.92 points, gaining 359.25 points or 0.42%, and was trading at 85,861.27 points, a 0.18% increase at the time of reporting. The Sensex remains close to its 52-week high of 86,055.86, just 0.23% away, and has recorded a 1.54% gain over the past three weeks. Additionally, the Sensex is trading above its 50-day moving average, which itself is positioned above the 200-day moving average, indicating a bullish trend for the benchmark index. Small-cap stocks are leading the market, with the BSE Small Cap index gaining 0.4% on the day.
Long-Term and Recent Stock Trends
Relicab Cable Manufacturing's one-year performance shows a decline of 59.50%, a stark contrast to the Sensex's 7.61% gain over the same period. The stock's 52-week high was Rs.112.8, highlighting the extent of the price contraction. Over the last three years, one year, and three months, the stock has underperformed the BSE500 index, reflecting persistent challenges in maintaining competitive returns.
The company's market capitalisation is graded at 4, indicating a micro-cap status within its sector. The stock's day change of -3.55% further emphasises the downward pressure it has faced recently.
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Financial Metrics and Debt Servicing
Relicab Cable Manufacturing's long-term financial metrics reveal a compound annual growth rate (CAGR) of 13.52% in operating profits over the past five years. However, the company's ability to service its debt remains constrained, with an average EBIT to interest ratio of 1.47. This ratio indicates limited coverage of interest expenses by earnings before interest and tax, which may contribute to investor caution.
Promoter shareholding is a notable factor, with 99.94% of promoter shares pledged. High levels of pledged shares can exert additional downward pressure on stock prices, particularly in declining markets, as it may signal potential liquidity risks or forced selling.
Recent Quarterly Results and Valuation
The company reported net sales of Rs.13.65 crores in the most recent quarter, reflecting a growth rate of 22.75%. Return on capital employed (ROCE) stands at 14.9%, which is considered attractive within the sector. The enterprise value to capital employed ratio is 2.4, suggesting the stock is trading at a discount relative to its peers' historical valuations.
Despite these positive indicators, the stock's profits have declined by 37.7% over the past year, aligning with the broader trend of subdued earnings performance. This decline in profitability has coincided with the stock's negative return of 59.50% during the same period.
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Sector and Industry Positioning
Operating within the Other Electrical Equipment industry and sector, Relicab Cable Manufacturing faces competition from peers with varying valuations and financial health. The stock's current discount to peer valuations may reflect market concerns about its financial stability and growth prospects relative to competitors.
The broader market's positive trajectory, particularly among small-cap stocks, contrasts with Relicab Cable Manufacturing's recent performance, underscoring the stock's relative weakness within its segment.
Summary of Key Price and Performance Indicators
Relicab Cable Manufacturing's stock price has moved from a 52-week high of Rs.112.8 to the current low of Rs.43.6, representing a significant contraction. The stock's underperformance relative to the Sensex and its sector highlights ongoing challenges. Trading below all major moving averages further illustrates the prevailing downward trend.
While the company has demonstrated some growth in quarterly sales and maintains an attractive ROCE, the decline in profits and high promoter share pledging remain factors influencing the stock's valuation and market sentiment.
Conclusion
The new 52-week low of Rs.43.6 for Relicab Cable Manufacturing reflects a period of subdued market confidence and financial headwinds. The stock's performance contrasts with the broader market's gains and the sector's relative stability. Investors and market participants will continue to monitor the company's financial metrics and market positioning as it navigates this challenging phase.
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