Marco Cables

Why is Marco Cables & Conductors Ltd falling/rising?

As of 20-Jun, Marco Cables & Conductors Ltd's stock price has risen slightly to 31.00, but it has significantly underperformed over the past year, declining 24.76%. The stock remains below its moving averages and shows reduced investor participation, indicating a negative overall sentiment.

As of 20-Jun, Marco Cables & Conductors Ltd is experiencing a slight rise in its stock price, currently at 31.00, with a change of 0.4 (1.31%) upwards. However, this positive movement occurs against a backdrop of significant underperformance over various time periods. The stock has declined by 1.59% over the past week, 11.93% over the past month, and 18.42% year-to-date. Additionally, the stock has fallen 24.76% over the past year, while the benchmark Sensex has shown a much more favorable performance during these periods.<BR><BR>Despite today's increase, the stock is trading below its moving averages across multiple time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a longer-term downward trend. Furthermore, there is a notable decline in investor participation, with delivery volume decreasing by 11.76% compared to the 5-day average. This suggests that while there may be a minor uptick today, the overall sentiment towards Marco Cables & Conductors Ltd remains negative, as reflected in its historical performance and reduced trading activity.

Which are the latest news on Marco Cables?

What does Marco Cables do?

Marco Cables & Conductors Ltd is a micro-cap company in the electrical cables industry, incorporated in 1989 and recently renamed in 2023. It has a market cap of INR 62 Cr, with key metrics including a P/E ratio of 14.00 and a debt-equity ratio of 1.21.

Overview:<BR>Marco Cables & Conductors Ltd operates in the electrical cables industry and is classified as a micro-cap company.<BR><BR>History:<BR>The company was originally incorporated as "Marco Cables Private Limited" on April 13, 1989. It later changed its name to "Marco Cables & Conductors Private Limited" on May 22, 2023. Revenue and profit data for the latest quarter are not available.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: N/A<BR>Most recent Net Profit: N/A<BR>Market-cap value: INR 62 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 14.00<BR>Industry P/E: 48<BR>Dividend Yield: 0.00%<BR>Debt-Equity: 1.21<BR>Return on Equity: 11.94%<BR>Price-to-Book: 1.75<BR><BR>Contact Details:<BR>Registrar Address: Not available.

How big is Marco Cables?

As of 10th June, Marco Cables & Conductors Ltd has a market capitalization of 62.00 Cr, classified as a Micro Cap, with no valid financial data available for Net Sales and Net Profit for the latest four quarters. The balance sheet as of March 2025 shows Shareholder's Funds of 32.18 Cr and Total Assets of 82.81 Cr.

As of 10th June, <BR><BR>Market Cap: Marco Cables & Conductors Ltd has a market capitalization of 62.00 Cr and is classified as a Micro Cap.<BR><BR>Recent Quarterly Performance: There is no valid financial data available for Net Sales and Net Profit for the latest four quarters.<BR><BR>Balance Sheet Snapshot: The reporting period is March 2025, with Shareholder's Funds amounting to 32.18 Cr and Total Assets valued at 82.81 Cr.

Who are the peers of the Marco Cables?

Marco Cables' peers include Cords Cable, Plaza Wires, Jainik Power, Rex Pipes&Cables, Bhadora Industries, DCG Cables, CMI, Ultracab India, and B.C. Power, with varying management risks and growth rates. Marco Cables has a 1-year return of -29.61%, lower than its peers, with Rex Pipes&Cables leading at 33.88% and Plaza Wires at -26.41%.

Peers: The peers of Marco Cables are Cords Cable, Plaza Wires, Jainik Power, Rex Pipes&Cables, Bhadora Indust., DCG Cables, CMI, Ultracab India, and B.C. Power.<BR><BR>Quality Snapshot: Excellent management risk is observed at Jainik Power and Bhadora Indust., while Good management risk is found at Marco Cables, Cords Cable, CMI, and the rest. Below Average management risk is seen at Plaza Wires and B.C. Power, while Average management risk is present at Rex Pipes&Cables and DCG Cables, and the rest. Growth is Excellent at Jainik Power and Bhadora Indust., Good at CMI and Cords Cable, Average at Marco Cables, and Below Average at Plaza Wires, Rex Pipes&Cables, Ultracab India, and B.C. Power, and the rest. Capital Structure is Excellent at Jainik Power, Good at Bhadora Indust., Average at Cords Cable, CMI, and DCG Cables, Below Average at Marco Cables, Rex Pipes&Cables, Ultracab India, and B.C. Power, and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Rex Pipes&Cables at 33.88%, while the lowest is Plaza Wires at -26.41%. Marco Cables has a 1-year return of -29.61%, which is lower than both. Additionally, the six-month return is negative for Bhadora Indust. and Marco Cables.

Is Marco Cables overvalued or undervalued?

As of November 18, 2025, Marco Cables is considered overvalued with a PE ratio of 13.84 and an EV to EBITDA of 8.40, significantly underperforming its peers and the market, having a year-to-date return of -39.66% compared to the Sensex's 9.58% gain.

As of 18 November 2025, Marco Cables has moved from a fair to an expensive valuation grade. The company is currently considered overvalued based on its financial metrics. Key ratios include a PE ratio of 13.84, an EV to EBITDA of 8.40, and a ROE of 14.78%. <BR><BR>In comparison to its peers, Marco Cables' valuation appears high, especially when contrasted with R R Kabel, which is rated attractive with a PE of 37.91, and Finolex Cables, also attractive with a PE of 18.07. The stock has underperformed significantly, with a year-to-date return of -39.66%, while the Sensex has gained 9.58% in the same period, reinforcing the notion that Marco Cables is currently overvalued.

What is the technical trend for Marco Cables?

As of May 20, 2025, Marco Cables shows a mildly bearish technical trend, supported by a bearish RSI and moving averages, despite a mildly bullish weekly MACD and bullish Bollinger Bands.

As of 20 May 2025, the technical trend for Marco Cables has changed from sideways to mildly bearish. The weekly MACD indicates a mildly bullish stance, but the weekly RSI is bearish, suggesting weakness in momentum. The daily moving averages are mildly bearish, reinforcing the negative outlook. The Bollinger Bands on the weekly chart are bullish, yet the monthly perspective shows a mildly bearish trend. Additionally, the KST and OBV on a weekly basis are both mildly bearish, while Dow Theory indicates a mildly bearish stance as well. Overall, the current technical stance is mildly bearish, driven primarily by the bearish RSI and moving averages.

How has been the historical performance of the Marco Cables?

Marco Cables has shown strong financial growth, with net sales increasing from Rs 56.41 crore in Mar'22 to Rs 71.65 crore in Mar'24, and significant rises in operating profit and net profits. However, earnings per share decreased from Rs 9.57 in Mar'23 to Rs 1.63 in Mar'24, despite total assets and liabilities both growing to Rs 80.20 crore.

Answer:<BR>The historical performance of Marco Cables shows a steady increase in net sales and profitability over the past three years, with net sales rising from Rs 56.41 crore in Mar'22 to Rs 71.65 crore in Mar'24. The total operating income followed a similar trend, reaching Rs 71.65 crore in Mar'24, up from Rs 56.41 crore in Mar'22. Operating profit, excluding other income, also improved significantly, increasing from Rs 5.42 crore in Mar'22 to Rs 10.32 crore in Mar'24. Profit before tax rose from Rs 0.53 crore in Mar'22 to Rs 4.30 crore in Mar'24, while profit after tax showed a notable increase from Rs 0.43 crore in Mar'22 to Rs 3.04 crore in Mar'24. However, the earnings per share (EPS) decreased from Rs 9.57 in Mar'23 to Rs 1.63 in Mar'24, reflecting changes in share capital. The company's total assets increased from Rs 59.55 crore in Mar'22 to Rs 80.20 crore in Mar'24, and total liabilities also rose from Rs 59.55 crore to Rs 80.20 crore during the same period.<BR><BR>Breakdown:<BR>Marco Cables has demonstrated a positive trajectory in its financial performance, with net sales climbing from Rs 56.41 crore in Mar'22 to Rs 71.65 crore in Mar'24, indicating strong revenue growth. The total operating income mirrored this growth, reaching Rs 71.65 crore in Mar'24. Operating profit, excluding other income, saw a significant rise from Rs 5.42 crore in Mar'22 to Rs 10.32 crore in Mar'24, showcasing improved operational efficiency. Profit before tax and profit after tax also reflected this upward trend, with figures increasing from Rs 0.53 crore to Rs 4.30 crore and from Rs 0.43 crore to Rs 3.04 crore, respectively. Despite the decrease in EPS from Rs 9.57 in Mar'23 to Rs 1.63 in Mar'24, the overall financial health of the company appears robust, as evidenced by the growth in total assets from Rs 59.55 crore to Rs 80.20 crore and total liabilities rising in tandem from Rs 59.55 crore to Rs 80.20 crore.

Who are the top shareholders of the Marco Cables?

The top shareholder of Marco Cables is Sumit Sugnomal Kukreja, holding 43.6% of the shares, with no pledged promoter holdings. The highest public shareholder is Sangeeta Shetalbhai Shah at 2.31%, while individual investors collectively own 25.99%.

The top shareholders of Marco Cables are primarily the promoters, with Sumit Sugnomal Kukreja holding the largest share at 43.6%. There are no pledged promoter holdings, and the company does not have any mutual funds or foreign institutional investors (FIIs) holding shares. The highest public shareholder is Sangeeta Shetalbhai Shah, who owns 2.31%. Additionally, individual investors collectively hold 25.99% of the company's shares.

When is the next results date for Marco Cables?

No Upcoming Board Meetings

Has Marco Cables declared dividend?

No Dividend History Available