Cords Cable - Guidance of execution of project with Rs.107 crores in 3-4 months from Dec 17. 9M FY17 revenue is 255 crores. Can we read this as around 355 crores annual revenue for FY17-18?
Interesting snippets from latest AR
The company looks interesting. As per credit rating as well, the key risk is commodity prices. They usually book orders for 3-5 months hence no major long term pending orders to keep safe from commodity price fluctuations.
Interest cost seems high.
Promising sector. But competition may be intensive.
Have a tracking position basis latest Q3 results that were very good.
Have you checked the following:
The company has contingent Liabilities of 108 CR, which is 80% of the market cap, have to checked the nature of the contingent liabilities?
There are various contingent liabilities with respect to GST and IT, with appeals pending at different levels, but the one you referred is as below, (AR 2022-23 Page 106)
Guarantees issued by Bankers 77.78 crs
In respect of Bill/LC negotiated factored from Banks/Factoring agency 30.33 crs
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