Stock Price Movement and Market Context
On 8 December 2025, Relicab Cable Manufacturing's share price touched Rs.38.43, the lowest level recorded in the past year. This new low comes despite the stock outperforming its sector by 1.83% on the day and registering gains over the preceding three sessions. However, the stock continues to trade below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend over multiple timeframes.
The broader market, represented by the Sensex, experienced a decline of 0.4% on the same day, closing at 85,366.32 points after falling 258.52 points from a flat opening. Notably, the Sensex remains close to its 52-week high of 86,159.02, trading just 0.93% below that peak and maintaining a bullish stance with the 50-day moving average positioned above the 200-day moving average.
In contrast, Relicab Cable Manufacturing's one-year performance shows a return of -56.73%, significantly lagging behind the Sensex's 4.48% gain over the same period. The stock's 52-week high was Rs.108, highlighting the extent of the decline from its peak.
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Financial Performance and Valuation Metrics
Relicab Cable Manufacturing's financial data over recent years reveals a compound annual growth rate (CAGR) of 13.52% in operating profits across the last five years. While this indicates some growth, the company's ability to service its debt remains constrained, with an average EBIT to interest ratio of 1.47. This ratio suggests 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. Such a high level of pledged shares can exert additional downward pressure on the stock price, particularly in declining market conditions.
Over the past year, the company’s profits have declined by 37.7%, aligning with the stock’s negative return of 56.73%. This underperformance extends beyond the last year, as the stock has also lagged behind the BSE500 index over the last three years, one year, and three months.
Recent Sales and Valuation Highlights
On a positive note, Relicab Cable Manufacturing reported net sales of Rs.40.31 crores for the nine months ending September 2025, indicating some revenue traction. The company’s return on capital employed (ROCE) stands at 14.9%, which is considered attractive relative to its sector peers.
Additionally, the enterprise value to capital employed ratio is 2.2, suggesting that the stock is trading at a discount compared to the average historical valuations of its peers within the Other Electrical Equipment sector. Despite this, the stock’s price remains subdued, reflecting the broader challenges faced by the company.
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Sector and Industry Positioning
Relicab Cable Manufacturing operates within the Other Electrical Equipment industry and sector. The sector itself has experienced mixed performance, with some companies maintaining steady valuations while others face headwinds. The stock’s current valuation discount relative to peers suggests that the market has factored in the company’s recent financial trends and shareholding structure.
Despite the stock’s recent three-day gain of 3.35%, the prevailing trend remains subdued, with the share price well below all major moving averages. This technical positioning indicates that the stock has yet to regain momentum in the near term.
Summary of Key Price and Performance Data
To summarise, Relicab Cable Manufacturing’s stock price has declined to Rs.38.43, marking a 52-week low. The stock’s one-year return stands at -56.73%, contrasting with the Sensex’s positive 4.48% return over the same period. The company’s financial indicators show moderate growth in operating profits but constrained debt servicing capacity and a high proportion of pledged promoter shares. Recent sales figures and valuation metrics provide some positive context, though the overall market assessment remains cautious.
Conclusion
The new 52-week low for Relicab Cable Manufacturing reflects a combination of factors including long-term performance trends, capital structure considerations, and sector dynamics. While the stock has shown some short-term gains, it remains positioned below key technical levels and continues to face challenges relative to broader market indices and sector peers.
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