Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Nse
Marco Cables & Conductors Ltd. (MARCO)
SME CapIndustrials stocks · SME cap · NSE
Marco Cables & Conductors Ltd. operates in Cables, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 19 Oct, 05:56 pm ISTDetails
Quote19 Oct, 05:56 pm IST
Base fundamentals20 Oct 2026 · screener
Latest result20 May, 10:13 pm IST
Score20 Oct, 04:19 pm IST · v4.3-runtime-valuation
Tags24 Apr 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
53NeutralSMA20 -8.7% / mo · MACD +
Stock trend: 54
Sector RS: 50
Sector 3M: -6.3% vs Nifty 500 -5.6%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
MARCOD candles · FIT view-16.7%Latest close ₹34.10 on 2026-10-19
Bar
+11.6%
RSI
65
MACD hist
0.47
52W pos
42%
2026-10-19O ₹30.55H ₹35.90L ₹30.00C ₹34.10Vol 45,000 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
MARCONifty India ManufacturingNifty 500
- MARCO
- +4.0%
- Nifty 500
- -5.6%
- Nifty India Manufacturing
- -5.8%
- Vs Nifty 500
- +9.5 pp
Chart stats
19 Oct 2026- From 52W high
- -26.7%
- 52W range position
- 38%
- ATR (14)
- 5.1%
- Volume vs 20D
- 5.00x
- Avg traded value
- ₹0 Cr
- 20D price channel
- ₹27.5 - ₹35.9
₹46.5
₹26.6 - ₹46.5
₹1.7
Latest completed session
20-session average
67.9% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is weak.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · WATCHLIST38
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue -3.9% · PAT -50.0% YoY
Technical
Neutral53
Price trend and sector-relative-strength timing.
Valuation
Legacy model+61.4%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence57
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 31 Mar 2026
Bad · 0/100Rev -4% YoY · PAT -50% YoY · margin compression
Filed 31 Mar 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹49 Cr | -3.9% | -9.3% |
| EBITDA | ₹5 Cr | NDF | -28.6% |
| Operating margin | 11.0% | NDF | -200 bps |
| PAT | ₹1 Cr | -50.0% | -66.7% |
| PAT margin | 2.0% | NDF | -352 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 15.20
- P/B
- 1.75
- EV/EBITDA
- 8.77
- Market Cap
- 63.80Cr
Profitability
- ROE
- 12.20%
- ROCE
- 15.00%
- ROA
- 3.70%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 19.00%
- EPS 5Y
- 104.00%
- Revenue 3Y
- 22.00%
- EPS 3Y
- 18.00%
Balance Sheet
- Debt/Equity
- 1.59
- Interest Coverage
- 2.17×
- Altman Z
- 2.25
- Book Value
- 19.50
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 2/5
- OCF
- -16.00 Cr
- EPS TTM
- 2.25
Shareholding
- Promoter Hold
- 72.81%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 42%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 103-7.2% vs prev
Net Profit
₹ CrLatest: 4.0-20.0% vs prev
Return on Equity
%Latest: 10.8-30.8% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term uptrend intact. RSI 65. Wait for confirmation.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 falling (~9.5% over last month) — short-term momentum negative.
- RSI(14) at 65 — rising, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- 23% off 52W high · 28% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
62
RS percentile
Stage 3 Topping
1M return
+15.8%
3M return
+9.1%
6M return
+17.8%
1Y return
-17.0%
RS 1D
+21
RS 20D
+43
Sector rank
#2
Industry rank
#8
Stage evidence
- 21.6% below the 52-week closing high after prior strength.
- The 30-week proxy has stalled (-0.7% over 20 sessions).
- Price has not yet confirmed a full Stage 4 downtrend.
50-DMA
price above
200-DMA
price above
Sector
leading
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
236 observations
19 Oct 2026Value 89.75+15.03%
RS vs Nifty 50090
Valuation & peers
U-Score 38 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 38 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Growth at Value
Fundamental score breakdown
U band · WATCHLISTValuation17/30
Growth19/25
Quality5/20
Balance Sheet3/15
Cash Flow1/10
Piotroski
4/9 (+1)
Penalties
-8
Raw sum
38
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
38/100 · legacy band WATCHLIST
Positive drivers
- Fair-value margin of safety is positive at 61.4%.
- Growth contributes 19/25 to the score.
- Valuation contributes 17/30 to the score.
Main drags
- Penalty bucket subtracts 8 points.
- Cash flow is weaker at 1/10; verify the latest quarterly trend.
- Balance sheet is weaker at 3/15; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
15.2
PB
1.8
EV/EBITDA
8.8
ROE
12.2%
ROCE
15.0%
FCF Yield
—
Debt/Equity
1.6
MoS
+61.4%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
38
Previous: 38
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
+61.4%
Previous: +61.4%
Score history
12 stored score snapshots. Latest stored move: -3 points.
20 Oct 2026
v4.3-runtime-valuation
46
46
46
47
47
48
48
45
45
45
41
38
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹31.42
-8.5% MoS
Growth-justified P/E
39.3
Growth-justified Value
₹88.43
+61.4% MoS
PEG
0.22
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
DCG
SME
DCG Cables & Wires Ltd.
Electrical Equipment
match 78
51
15.5
10.4%
+62%
FAIR VALUE
REXPIPES
SME
Rex Pipes and Cables Industries Ltd.
Electrical Equipment
match 75
27
35.7
10.9%
+17%
OVERVALUED
VMARCIND
SME
V Marc India Ltd.
Electrical Equipment
match 71
56
40.5
41.2%
-12%
FAIR VALUE
PRIMECAB
SME
Prime Cable Industries Ltd.
Electrical Equipment
match 70
58
24.8
37.8%
+27%
FAIR VALUE
KCEIL
SME
Kay Cee Energy & Infra Ltd.
Electrical Equipment
match 69
65
5.0
22.8%
+84%
UNDERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Marco Cables & Conductors Ltd. operates in Cables, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 31 Mar 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
57Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 20th percentile of the scored universe and 15th percentile within Industrials. Main check: cash conversion is weak at 40/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
0 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
20th percentile
overall median 67 · Industrials: 15th pctile, median 68 · SME: 21st pctile, median 64
Evidence depth
Financial-only
0 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
40
weak · profit to cash conversion
Balance sheet
53
watch · leverage and solvency
Discipline
58
watch · capital discipline
Results
53
watch · quarterly consistency
Trust positives
- ▸Promoter holding is 72.8%.
- ▸Promoter pledge is zero.
- ▸3/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸Operating cash flow is negative at ₹-16 Cr.
- ▸2 latest quarters had PAT decline worse than 25% YoY.
- ▸Debt/equity is 1.59.
- ▸ROCE trend is -2.4%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Marco Cables & Conductors Ltd.
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Annual reportMar 2026
Mar 2026 · Shareholders meeting 3 Sep - Annual report FY2025-26 and notice of 37th AGM on 25 September 2026 submitted.
Source: Nse
Annual reportMar 2025
Mar 2025 · Annual Report 2025
Source: Nse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.