Penny stock engaged in the business of manufacturing and selling wires, cable wires, conductors and many more in focus upon receiving a new work order worth ~Rs. 10.5 Crores for the supply of Aerial Bunched Cables.
Price Action
With a market capitalization of Rs. 125 Crores, the shares of Marco Cables & Conductors Limited were trading at Rs. 66.80 per equity share, up 1.37 percent from the previous day’s close price of Rs. 65.90.
What Happened
Marco Cables & Conductors Limited has received a new work order from a reputed client of cable industry for the supply of L.T. Aerial Bunched Cables for a consideration of Rs. 10.43 Crores and it is to be executed within 3 months.
About the company
Marco Cables & Conductors Limited is engaged in the business of manufacturing and selling wires, cable wires, conductors, and many more used for applications like distribution and transmission of power.
Marco Cables & Conductors Limited’s product portfolio includes XLPE/PVC cables, Aerial Bunched Cables, Aluminum Alloy Conductors, Aluminum Conductor Steel Reinforced Conductors, and many others.
Financials and Ratios
Its revenue from operations grew by 136 percent from Rs. 20.70 Crores in H1FY24 to Rs. 48.74 Crores in H1FY25, accompanied by profits of Rs. 0.93 Crores to Rs. 2.73 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 13.5 percent, and a return on capital employed (ROCE) of 16.9 percent. It has reported a debt-to-equity ratio of 1.42.
Written by: Bharath K.S
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