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    Producer manufacturing

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    Electrical products
Marco Cables & Conductors Ltd.

Marco Cables & Conductors Ltd.

NNSE:MARCO
34.40
INR
-0.95
(-2.69%)
541.34MMarket Cap
Marco Cables & Conductors Ltd.
NSE:MARCO
(National Stock Exchange of India)

Recent

price

34.40

P/E

ratio

- -

div

yld

- -

ROIC.AI

2021
2022
2023
2024
2025
2026
TTM
INR
22.67
30.17
30.36
41.13
59.58
54.99
- -
Revenue per Share
0.07
0.18
1.65
1.74
2.78
2.25
- -
Basic EPS, GAAP
-2.72
1.61
0.03
-2.92
5.6
-8.92
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
4.87
5.05
9.61
14.43
17.21
19.46
19.46
Book Value per Share
4.87
5.05
9.61
14.43
17.21
19.46
19.46
Tangible Book Value per Share
19
19
19
17
19
19
19
Basic Weighted Avg Shares
424
564
568
716
1,114
1,028
- -
Sales/Revenue/Turnover
11.12
9.84
15.01
13.87
11.95
11.61
- -
Operating Margin (%)
5
5
5
5
5
6
- -
Depreciation Expense
1
3
31
30
52
42
- -
Net Income, GAAP
- -
29.83
21.94
29.46
26.49
28.83
- -
Effective Tax Rate (%)
0.29
0.59
5.43
4.24
4.66
4.09
- -
Profit Margin (%)
153
165
276
336
326
478
478
Working Capital
108
112
154
103
50
157
157
LT Debt
91
94
180
270
322
364
364
Total Equity
- -
8.51
13.64
11.08
13.93
10.01
- -
Return on Invested Capital (%)
- -
7.91
13.52
11.11
14.15
10.08
- -
Return on Capital (%)
- -
3.61
22.49
13.51
17.56
12.26
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Sep'26
Mar'26
ST Debt
341
431
LT Borrowings
133
157
LT Finance Leases
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
Shares Outstanding
19
19
Market Capitalization
729
541

Working Capital

INR

•

in mil. unless spec.
Sep'26
Mar'26
Total Current Assets
903
1,022
Cash, Cash Equivalents & STI
47
51
Accounts Receivable, Net
366
442
Inventories
449
454
Total Current Liabilities
464
543
Payables & Accruals
- -
- -
ST Debt
341
431
Deferred Revenue
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
35.27%
13.06%
Free Cash Flow
- -
-1,812.92%
-259.25%
Net Income, GAAP
- -
208.86%
-19.13%
Sales/Revenue/Turnover
- -
21.54%
-7.71%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
716
2025
- -
- -
1,114
2026
- -
- -
1,028

Semi-annual Earnings Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1.74
2025
- -
- -
2.78
2026
- -
- -
2.25

Semi-annual Dividends Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -
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Business
Marco Cables & Conductors Ltd. manufactures and sells wires, cables, and conductors primarily for power distribution and transmission applications in India. The company offers a range of products including LT Aerial Bunched Cables for overhead power distribution in challenging terrains; LT PVC and LT XLPE power and control cables up to 1.1 KV with copper or aluminum conductors; FRLS cables; single and multistrand cables; All Aluminium Alloy Conductors (AAAC); and Aluminium Conductor Steel Reinforced (ACSR) conductors. These products serve power utilities, EPC contractors, government projects, and industries such as telecom, electrical, and automotive through a mix of tenders, direct sales, and dealer networks. Incorporated on April 13, 1989, and headquartered in Ulhasnagar, Thane, Maharashtra, the company operates manufacturing facilities in Nashik and Sinnar, with ISO 9001:2015 and EMS 14001 certifications. Originally established as Marco Cables Private Limited, it transitioned to Marco Cables & Conductors Private Limited in May 2023 and converted to a public limited company in June 2023, listing on the National Stock Exchange of India thereafter. Recent developments include securing purchase orders totaling Rs. 14.72 crore in June 2025 for conductors from a reputed domestic cable client with four-month execution; an additional Rs. 7.83 crore order in August 2025 for aluminum power cables with six-month execution; and a Rs. 13.22 crore order in October 2025 for assorted aluminum cables with eight-month execution. In July 2025, CARE upgraded its credit ratings to BB+ and A4+ on Rs. 48 crore bank facilities, reflecting improved financial standing amid revenue growth to Rs. 111 crore in FY2025. The company has expanded its portfolio with ACSR, AAAC, and ABC products to strengthen its position in aluminum-based power solutions.