CMI Limited

NSE: CMICABLES · Cables - Electricals

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Snapshot

Unlock CMI Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

CMI Limited is an Indian manufacturer specialising in specialty cables for critical sectors such as railways, telecommunications, power, oil and gas, and defense. The company operates manufacturing facilities in Faridabad and Baddi, producing a diverse portfolio that includes signaling, control, instrumentation, and extra-high voltage power cables.

Business Model

The company generates revenue by designing, manufacturing, and supplying specialized cable solutions to large public sector undertakings and industrial clients. It leverages its specialized manufacturing capabilities and long-standing relationships with entities like Indian Railways and metro transit authorities to secure orders.

Growth Outlook

Future growth prospects are closely tied to infrastructure investments in railways, power, and telecommunications across India. However, the company's ability to capitalize on these sectors depends heavily on resolving its ongoing financial stress and debt restructuring challenges.

Key Risks

  • Financial Stress and Insolvency Proceedings. The company has faced severe financial distress and insolvency proceedings, which severely impact its operational scale and going-concern status.
  • Customer Concentration Risk. Heavy reliance on public sector undertakings like Indian Railways exposes the business to risks associated with government spending cycles and delayed payments.
  • Debt Restructuring and Liquidity. Ongoing challenges with debt restructuring constrain working capital availability and limit investments in capacity expansion or technological upgrades.

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Peers · Cables - Electricals

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
CMI LimitedCMICABLES
₹4 Cr———-7.0%——-22.7%
Quadrant Future Tek LimitedQUADFUTURE
₹2,106 Cr-55.30-72.57—-17.8%-13.9%-15.6%+29.9%
Paramount Communications LimitedPARACABLES
₹2,038 Cr28.4017.5616.8%6.1%8.2%13.9%+26.1%
Systematic Industries LimitedSYSTEMATIC
₹592 Cr———7.0%——+45.4%
Cords Cable Industries LimitedCORDSCABLE
₹478 Cr16.868.4715.1%7.0%12.8%26.2%+82.0%
JD CablesJDCABLES
₹432 Cr———13.0%——+30.3%

As of Mar 2026

Financials