About the Company:
CMI Ltd. (Headquartered in Delhi) Company is engaged in the business of manufacturing cables for various industries including Railways, Oil & Gas, Telecommunications, Energy, Industrial, Power, Petrochemicals.
Company’s product portfolio includes electric cables for Railways, Metros,Utility, Buildings, Data Transmission, Instrumentation, Submarine Cables, Control Cables, Special Cables and Extra High Voltage (EHV) Cables.
Company has two manufacturing facilities in India located at Faridabad and Baddi (Himachal Pradesh).
Company is a approved vendor for supply of signalling cables to Railways, and the primary source of revenue is by supplying signalling cables and other safety cables to Railways and other government agencies.
The company has also undertaken a major expansion in its production capacity as well as product portfolio by acquiring the Indian operations of “General Cable Corporation, a Fortune 500 company”.
Last year Company has acquired 100% shareholding of CMI Energy India Private Ltd. (previously known as General Cable Energy India Private Limited).
General Cable Energy acquisition positions CMI as a leading manufacturer in India for specialized cables and company has also inherited international processes & systems for manufacturing specialized cables.
With the acquisition, it has become one of the few players in Indian cable industry
capable of producing wide range of wires and cables.
Over the years company has emerged as the preferred vendor for many prestigious clients across industries.
CMI is amongst the few approved vendors for Railway.
Major customers include – Indian Railways, GAIL, Indian Oil, Alstom, TATA, Siemens, ISRO, SAIL, Global Toyo, The Linde Group, NTPC, Bharat Electronics, HP, EIL, etc.
CMI has also supplied the cables to various prestigious Clients and Projects in Bangladesh, Dubai, Germany, Myanmar, Qatar, Sharjah, Sri Lanka, Switzerland and United Kingdom.
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Positives for the Company:
- The acquisition has strengthened their current product portfolio with addition of new products & new clients. Also, the potential for cross-selling to their existing clients.
- Company expects to get many orders from railway signalling up-gradation projects and metro projects.
- Company expects to reach a revenue target of Rs.1000 crores within next few years.
- Company has a huge growth potential.(Specialized Cable company)
- CMP is around Rs.203 and Market cap is around Rs.300 crores.
- Stock may give good return in the Long Term.
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