Board Change • May 21
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Rohit Bafna was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • May 18
Full year 2026 earnings released: EPS: ₹2.25 (vs ₹2.78 in FY 2025) Full year 2026 results: EPS: ₹2.25 (down from ₹2.78 in FY 2025). Revenue: ₹1.03b (down 7.5% from FY 2025). Net income: ₹42.0m (down 19% from FY 2025). Profit margin: 4.1% (down from 4.7% in FY 2025). The decrease in margin was driven by lower revenue. Announcement • May 13
Marco Cables & Conductors Limited to Report Fiscal Year 2026 Results on May 15, 2026 Marco Cables & Conductors Limited announced that they will report fiscal year 2026 results on May 15, 2026 Buy Or Sell Opportunity • Apr 17
Now 20% undervalued Over the last 90 days, the stock has risen 12% to ₹39.05. The fair value is estimated to be ₹48.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last year. Earnings per share has grown by 13%. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹34.60, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 24x in the Electrical industry in India. Total loss to shareholders of 18% over the past year. New Risk • Mar 23
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (5.2% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (9.2% average weekly change). Market cap is less than US$10m (₹596.5m market cap, or US$6.38m). Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹34.40, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 24x in the Electrical industry in India. Total loss to shareholders of 16% over the past year. New Risk • Feb 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (5.2% operating cash flow to total debt). Market cap is less than US$10m (₹618.0m market cap, or US$6.78m). Minor Risk Share price has been volatile over the past 3 months (7.3% average weekly change). Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹35.40, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 25x in the Electrical industry in India. Total loss to shareholders of 19% over the past year. Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹27.30, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 24x in the Electrical industry in India. Total loss to shareholders of 49% over the past year. Buy Or Sell Opportunity • Jan 20
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to ₹33.30. The fair value is estimated to be ₹43.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last year. Earnings per share has grown by 13%. Buy Or Sell Opportunity • Jan 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.9% to ₹37.20. The fair value is estimated to be ₹46.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last year. Earnings per share has grown by 13%. Reported Earnings • Nov 17
First half 2026 earnings released: EPS: ₹1.61 (vs ₹1.46 in 1H 2025) First half 2026 results: EPS: ₹1.61 (up from ₹1.46 in 1H 2025). Revenue: ₹540.3m (up 11% from 1H 2025). Net income: ₹30.1m (up 10% from 1H 2025). Profit margin: 5.6% (in line with 1H 2025). New Risk • Nov 12
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 5.2% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (5.2% operating cash flow to total debt). Market cap is less than US$10m (₹727.4m market cap, or US$8.21m). Announcement • Nov 06
Marco Cables & Conductors Limited to Report First Half, 2026 Results on Nov 10, 2025 Marco Cables & Conductors Limited announced that they will report first half, 2026 results on Nov 10, 2025 Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹46.50, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 37x in the Electrical industry in India. Total loss to shareholders of 34% over the past year. Announcement • Sep 04
Marco Cables & Conductors Limited, Annual General Meeting, Sep 26, 2025 Marco Cables & Conductors Limited, Annual General Meeting, Sep 26, 2025, at 14:00 Indian Standard Time. Location: shop no 100, opposite bhai, gangaram market, main road, ulhasnagar, thane - 421005., thane India New Risk • May 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Market cap is less than US$100m (₹869.5m market cap, or US$10.2m). Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹46.65, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 38x in the Electrical industry in India. Negligible returns to shareholders over past year. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to ₹44.60, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 37x in the Electrical industry in India. Total loss to shareholders of 9.6% over the past year. New Risk • Mar 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). Market cap is less than US$10m (₹747.0m market cap, or US$8.65m). Minor Risk Share price has been volatile over the past 3 months (8.3% average weekly change). Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹43.45, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 35x in the Electrical industry in India. Total loss to shareholders of 5.7% over the past year. Recent Insider Transactions • Mar 01
Whole-Time Director recently bought ₹1.1m worth of stock On the 25th of February, Sugnomal Kukreja bought around 26k shares on-market at roughly ₹41.89 per share. This transaction amounted to 1.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹2.7m more in shares than they have sold in the last 12 months. New Risk • Feb 14
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹845.2m (US$9.74m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). Market cap is less than US$10m (₹845.2m market cap, or US$9.74m). Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₹63.80, the stock trades at a trailing P/E ratio of 39.3x. Average trailing P/E is 51x in the Electrical industry in India. Total returns to shareholders of 51% over the past year. Announcement • Sep 12
Marco Cables & Conductors Limited, Annual General Meeting, Sep 25, 2024 Marco Cables & Conductors Limited, Annual General Meeting, Sep 25, 2024, at 14:00 Indian Standard Time. Location: shop no 100, opposite bhai, gangaram market, main road, ulhasnagar, thane - 421005., thane India Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹69.40, the stock trades at a trailing P/E ratio of 42.7x. Average trailing P/E is 52x in the Electrical industry in India. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹55.95, the stock trades at a trailing P/E ratio of 34.5x. Average trailing P/E is 52x in the Electrical industry in India. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹51.75, the stock trades at a trailing P/E ratio of 31.9x. Average trailing P/E is 49x in the Electrical industry in India. Recent Insider Transactions • Jun 14
Chairman & MD recently bought ₹1.4m worth of stock On the 7th of June, Sumit Kukreja bought around 33k shares on-market at roughly ₹43.55 per share. This transaction amounted to 4.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Sumit has been a buyer over the last 12 months, purchasing a net total of ₹2.5m worth in shares. New Risk • Jun 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Market cap is less than US$10m (₹785.4m market cap, or US$9.42m). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Share price has been volatile over the past 3 months (9.4% average weekly change). New Risk • May 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Share price has been highly volatile over the past 3 months (9.5% average weekly change). Minor Risk Market cap is less than US$100m (₹838.7m market cap, or US$10.1m). Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹50.15, the stock trades at a trailing P/E ratio of 27.4x. Average trailing P/E is 37x in the Electrical industry in India. New Risk • Mar 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). Market cap is less than US$10m (₹811.5m market cap, or US$9.80m). Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹43.50, the stock trades at a trailing P/E ratio of 23.8x. Average trailing P/E is 37x in the Electrical industry in India. Reported Earnings • Nov 20
First half 2024 earnings released First half 2024 results: EPS: ₹0.49. Net income: ₹9.33m (up ₹9.33m from 1H 2023). Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹60.95, the stock trades at a trailing P/E ratio of 40.6x. Average trailing P/E is 36x in the Electrical industry in India. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹54.20, the stock trades at a trailing P/E ratio of 36.1x. Average trailing P/E is 37x in the Electrical industry in India. Board Change • Oct 03
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Whole-Time Director Sugnomal Kukreja is the most experienced director on the board, commencing their role in 1989. Non-Executive Independent Director Giriraj Bhutra was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. 
