Cords Cable Industries
Cords is in the business of providing cost-effective and quality solutions for various electrical connectivity requirements.
Presently, they accomplish this through customized design and development, quality manufacturing and reliable delivery of all types of LT range cables and household wires.
Currently trading at 18.45, having a book value of 90.24 and P/E of 7.06
Cords was established in 1987 by a group of industry professionals with an objective of catering to a growing requirement for high quality customized cables. Over the years Cords has developed a wide range of specialized cables to address the specific requirements of industries involving modern process technologies, instrumentation and communication demanding the highest standards of precision and reliability, and household users seeking products with assured quality and safety.
Vision: To be recognized as a leading global player providing products and services offering comprehensive solutions for the data transmission & electrical connectivity requirements of the industry.
CERTIFICATIONS
They manufacture cables conforming to International standards such as: EN, BS, IEC, VDE as well as various customers’ standards. They also hold BIS certification for all types of cables conforming to IS:1554(1)/1988 and IS:694-90. Cords Quality Management System is ISO 9001:2008 Certified, Environment Management System is ISO 14001:2004 and Health and Safety System is BS OHSAS 18001:2007 Certified.
AWARDS & RECOGNITIONS
Forbes Best Under a $ Billion – 2008
Cords was recognised by Forbes magazine in 2008 by listing us in their annual list “Best under a $ Billion” – a listing of best companies in Asia-Pacific region with an annual turnover less than $ 1 Billion. Also, Cords was the only cable company and among 22 Indian companies to be featured on the list
International Quality Crown Award – 2011
Based on feedback from various leading Industry players and experts Cords was awarded The International Quality Crown Award (Gold Category) by Business Initiative Directions (BID) in November 2011
International Business Times 1000 Fastest Growing Companies – 2012
Cords was recognised as the 513th fastest growing company in the World.
Ratna Shiromani Award –
The award was given for “excellence in manufacturing and marketing of special screened communication cables” and was presented to Mr. Naveen Sawhney by Mr. Balram Singh Yadav (then Minister of State for Mines)
Products Range
Cords offers extensive expertise in design, development and manufacture of high quality power, control, instrumentation, thermocouple extension/compensating and communication cables conforming to Indian/international standards and customer specifications. The products include:
Fieldbus Cables
FireSave – Fire Survival Cables
EPR Cables
XtremeTemp – Low Temprature Cables
LowTox – Fire Retardant Low Smoke Cables
ToxFree – Low Smoke Zero Halogen Cables
Oil and Gas Cables
Water Desalination & Special Custom Designed Hybrid Cables
Cordsol – PV Solar Cables
Considering its Market presence and valuations, it looks a strong bet for a long term investment
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dhrubo Says:
May 3rd, 2014
Posted at: 8:39 am
Can you pls give a timeframe and approx target.
CB Says:
May 3rd, 2014
Posted at: 11:05 am
Hi dhrubo, it has the potential to double in a years time.
Hiten Says:
May 4th, 2014
Posted at: 3:55 pm
Along with this one can take YBRANT DIGITAL FOR DOUBLE MONEY IN 2 MONTHS TIME FRAME.
CB Says:
May 4th, 2014
Posted at: 5:20 pm
Hi Hiten, no, not sure of ybrant..
Prathmesh Says:
May 4th, 2014
Posted at: 10:13 pm
Thnx CB sir for such call..If I want to buy 2000 should I wait to go further down them 18.45? or this is fair price?
CB Says:
May 4th, 2014
Posted at: 11:12 pm
Hi Prathmesh, most welcome. can add 50% at cmp for med term
Prathmesh Says:
May 5th, 2014
Posted at: 8:52 am
Thnx CB sir.
CB Says:
May 5th, 2014
Posted at: 8:55 am
Hi Prathmesh, most welcome.
Prathmesh Says:
May 8th, 2014
Posted at: 4:23 pm
CB sir is below Rs. 15/- is the correct level in this counter? I want to bye 2000 shares in this..will it be correct level?
Arjun Says:
May 19th, 2014
Posted at: 11:09 pm
Hi, could I also know the industry P/E ratio? I don't think the P/E in itself means much. Please correct me if I am wrong.
abs Says:
June 5th, 2014
Posted at: 8:07 pm
hello Sir, current price is 19.45, is their any specific rangebound to buy it for long term or one can buy now for an year?