Buy Cords Cable Industries Ltd. target Rs 128: Prabhudas Lilladher

Prabhudas Lilladher has buy call on Cords Cable Industries Ltd. with a target price of Rs 128.

The current market price of Cords Cable Industries Ltd. is Rs 109.45. Prabhudas Lilladher recommended to keep stoploss at Rs 100.

Cords Cable Industries Ltd., incorporated in the year 1991, is a Small Cap company (having a market cap of Rs 141.49 crore) operating in Cables sector.

Cords Cable Industries Ltd. key Products/Revenue Segments include Cables & Wires (Electrical) which contributed Rs 310.21 crore to Sales Value (100 per cent of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-03-2017, the company has reported a Standalone sales of Rs 108.25 crore, up 38.71 per cent from last quarter Sales of Rs 78.04 crore and up 11 per cent from last year same quarter Sales of Rs 97.52 crore.

Company has reported net profit after tax of Rs 2.18 crore in latest quarter.

The company’s top management includes Mr.Naveen Sawhney, Mr.Sanjeev Kumar, Mr.Vijay Kumar, Mr.Vimal Dev Monga, Mrs.Asha Bhandari. Company has Sharma Goel & Co. LLP as its auditors. As on 31-03-2017, the company has a total of 12,927,780 shares outstanding.