Stock Price Movement and Market Context
On 8 December 2025, Relicab Cable Manufacturing recorded its lowest price in the past year at Rs.38.43. This level contrasts sharply with its 52-week high of Rs.108, illustrating a substantial decline over the period. The stock has been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend in price momentum.
In comparison, the broader market index, Sensex, experienced a negative session, closing at 85,366.32 points, down 0.4% from the previous close. Notably, Sensex remains close to its 52-week high of 86,159.02, trading above its 50-day and 200-day moving averages, which suggests a more bullish stance for the overall market relative to Relicab Cable Manufacturing’s performance.
Long-Term Performance and Sector Comparison
Relicab Cable Manufacturing’s one-year return stands at -56.73%, a stark contrast to the Sensex’s 4.46% gain over the same period. This underperformance extends beyond the last year, with the stock lagging behind the BSE500 index across one year, three years, and the recent three-month period. The company operates within the Other Electrical Equipment sector, which has seen mixed results, but Relicab Cable Manufacturing’s relative weakness is evident.
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Financial Metrics and Debt Servicing Capacity
Over the past five years, Relicab Cable Manufacturing has shown a compound annual growth rate (CAGR) of 13.52% in operating profits. 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 cautious market sentiment.
Additionally, promoter shareholding is a notable factor, with 99.94% of promoter shares pledged. In volatile or declining markets, such a high level of pledged shares can exert additional downward pressure on the stock price, as it may lead to forced selling or increased risk perception among market participants.
Recent Sales and Valuation Indicators
Despite the price challenges, the company reported net sales of Rs.40.31 crores for the nine months ending September 2025, reflecting a positive sales figure in the recent period. The return on capital employed (ROCE) stands at 14.9%, which is considered attractive within the sector. Furthermore, the enterprise value to capital employed ratio is 2.2, indicating a valuation discount relative to peers’ historical averages.
However, profit figures have shown a decline, with a 37.7% reduction over the past year. This contraction in profitability aligns with the stock’s negative return over the same timeframe, underscoring the challenges faced by the company in maintaining earnings growth.
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Short-Term Price Action and Sector Outperformance
In the short term, Relicab Cable Manufacturing has recorded gains over the last three consecutive trading sessions, accumulating a 3.35% return. On the day of the new 52-week low, the stock outperformed its sector by 1.83%, suggesting some resilience despite the broader downtrend. Nevertheless, the prevailing position below all major moving averages highlights the stock’s continued struggle to regain upward momentum.
Summary of Key Price and Market Indicators
The stock’s current price of Rs.38.43 is significantly below its 52-week high of Rs.108, representing a decline of approximately 64%. The Sensex, by contrast, remains near its yearly peak, underscoring the divergence between the broader market and Relicab Cable Manufacturing’s share price trajectory. The company’s market capitalisation grade is rated at 4, reflecting its standing within the market capitalisation spectrum.
Sector and Market Environment
Relicab Cable Manufacturing operates within the Other Electrical Equipment sector, which has experienced mixed performance amid fluctuating market conditions. The Sensex’s current trading above its 50-day and 200-day moving averages indicates a generally bullish market environment, contrasting with the stock’s subdued price action. This divergence may reflect company-specific factors influencing investor sentiment and valuation.
Conclusion
Relicab Cable Manufacturing’s fall to a 52-week low of Rs.38.43 marks a significant milestone in its recent price history. The stock’s performance over the past year, characterised by a substantial decline in returns and profits, alongside high promoter share pledging and limited debt servicing capacity, has contributed to its current valuation levels. While recent sales figures and valuation metrics offer some context, the stock remains below key moving averages and continues to underperform the broader market and sector indices.
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