Relicab Cable Manufacturing Stock Falls to 52-Week Low of Rs.40

Recent Price Movement and Market Context

On 3 December 2025, Relicab Cable Manufacturing's share price touched an intraday low of Rs.40, representing a fall of 3.68% on the day. This new low comes after three consecutive days of declines, during which the stock has recorded a cumulative return of -12.17%. The stock's intraday high was Rs.45, indicating an 8.36% range within the trading session and highlighting elevated volatility with an intraday weighted average price volatility of 5.88%.

In comparison, the stock underperformed its sector by 3.18% on the same day. The broader market, represented by the Sensex, opened flat but later declined by 295.03 points or 0.33%, closing at 84,855.61. Despite this, the Sensex remains within 1.54% of its 52-week high of 86,159.02 and is trading above its 50-day moving average, which itself is positioned above the 200-day moving average, signalling a generally bullish trend for the benchmark index.

Technical Indicators and Moving Averages

Relicab Cable Manufacturing is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This positioning suggests a sustained weakness in the stock's price momentum over short, medium, and long-term horizons. The persistent trading below these averages often reflects investor caution and a lack of upward price pressure.

Long-Term Performance and Valuation Metrics

Over the past year, Relicab Cable Manufacturing's stock has recorded a return of -63.77%, a stark contrast to the Sensex's 4.96% gain during the same period. The stock's 52-week high was Rs.112.8, underscoring the extent of the decline to the current low of Rs.40. This performance also trails the BSE500 index over one, three years, and three months, indicating a below-par trend relative to broader market benchmarks.

From a fundamental perspective, the company has demonstrated a compound annual growth rate (CAGR) of 13.52% in operating profits over the last five years. However, the ability to service debt remains constrained, with an average EBIT to interest coverage ratio of 1.47, signalling limited buffer to meet interest obligations. Additionally, promoter shareholding is heavily pledged, with 99.94% of promoter shares under pledge. This factor can exert additional pressure on the stock price, particularly in declining market conditions.

Recent Quarterly Results and Valuation Considerations

In the quarter ending September 2025, Relicab Cable Manufacturing reported net sales of Rs.13.65 crores, reflecting a growth rate of 22.75%. The company’s return on capital employed (ROCE) stands at 14.9%, which is considered attractive within its sector. Furthermore, the enterprise value to capital employed ratio is 2.2, suggesting a valuation discount relative to peer averages based on historical data.

Despite these positive indicators, the company’s profits have declined by 37.7% over the past year, aligning with the downward trend in its share price. This divergence between sales growth and profit contraction highlights ongoing pressures on margins or cost structures.

Sector and Industry Context

Relicab Cable Manufacturing operates within the Other Electrical Equipment industry and sector. The sector has experienced mixed performance, with some companies maintaining stable valuations while others face headwinds. The stock’s current valuation discount relative to peers may reflect company-specific factors as well as broader sector dynamics.

Market capitalisation grading places the company at a level 4, indicating a micro-cap or small-cap status, which often entails higher volatility and sensitivity to market movements compared to larger, more established companies.

Summary of Key Price and Performance Data

The stock’s recent price action is characterised by:

• A new 52-week low of Rs.40


• Three consecutive days of price declines totalling -12.17%


• Intraday volatility of 5.88%


• Trading below all major moving averages (5, 20, 50, 100, 200 days)


• Underperformance relative to sector and Sensex benchmarks

These factors collectively illustrate the challenges faced by the stock in regaining upward momentum in the current market environment.

Conclusion

Relicab Cable Manufacturing’s stock reaching a 52-week low of Rs.40 reflects a period of sustained price pressure amid mixed financial signals. While sales growth and valuation metrics such as ROCE and enterprise value to capital employed suggest some positive aspects, the stock’s long-term returns, profit contraction, and high promoter share pledge ratio contribute to the current subdued market performance. The stock’s position below all key moving averages further emphasises the prevailing cautious sentiment among market participants.

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