Marco Cables (MARCO)

Score breakdown: P/E: 3/3 · ROCE: 1/2 · Growth: 1/2 · Dividend: 0/1

Key Financials

Strengths

• ROCE of 20.13% indicates efficient use of capital
• P/E of 11.09 with ~10% growth gives a PEG near 1.05
• Piotroski F-Score of 7/9 suggests above-average fundamental health
• Promoter holding of 72.81% signals strong insider alignment
• Latest quarter net margin is roughly 5.6% on ₹54 Cr sales

Concerns

• Tiny market cap of ₹61 Cr creates liquidity and small-cap risk
• No dividend yield; returns rely entirely on capital appreciation
• No book value, debt/equity, or ROE data prevents full balance-sheet analysis
• Latest quarter's ₹3 Cr profit appears high versus trailing P/E implied earnings, raising seasonality or one-off concerns

AI Analysis

At ₹40.35, Marco Cables capitalizes at just ₹61 Cr. That is small, so I keep my eyes open. The trailing P/E of 11.09 is not demanding, and the 10.85% sales growth and 10.26% profit growth are in line with a steady, moderate compounder. ROCE of 20.13% is genuinely attractive; it tells me management is earning decent returns on capital without me having to rely on leverage numbers I don't have. A Piotroski F-Score of 7/9 supports the view that the fundamental health is above average. Promoter holding of 72.81% is high, which can align interests, though it also means low public float and possible liquidity concerns. The latest quarter shows ₹54 Cr sales and ₹3 Cr net profit. The trailing P/E implies roughly ₹5.5 Cr net profit; if that quarterly rate were sustained, earnings would be far higher, so I must be careful: seasonality or one-off factors may be at work. I also note that no dividend is paid, so my return depends entirely on business performance and eventual market recognition. With no book value, debt-equity, or ROE disclosed, I cannot fully apply Graham's margin-of-safety tests. Growth may be steady, but a small player in electrical cables likely lacks a wide economic moat. I would not call this a wonderful business at a fair price; rather, it may be a fair business at a reasonable price. I would want several more years of consistent performance and a clearer picture of capital employed and cash conversion before building a meaningful position.

Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer