CMI Ltd. share price target

CMI Ltd reported net sales of INR 128 cr, de-growing by 3% YoY, came in lower than our expectations of INR 171 cr.

CMI Ltd reported net revenues growth of 19% to reach INR 160cr exactly in line with our estimate of INR 161cr.

CMI, a New Delhi-based company, is poised to benefit from demand boom in the cables industry, spearheaded...

CMIL is one of the leading manufacturers of wires and cables seeing the promising outlook of the wires and cables industry which is expected to grow at CAGR of 15% by FY22. Due to growing demand from the power infrastructure and communication sector, we expect new avenue for growth will open in future for the company . Railways and power sector are the major revenue contributors for CMIL. The gradual efforts of Indian railway to modernize the signaling system and huge investment of government in power sector to expand the generation capacity as well as to promote the transmission and distribution segment will help to boost the demand for railway...

Outlook CMI is one of the leading manufacturers of wires and cables seeing the promising outlook of the wires and cables industry which is expected to grow at CAGR of 15% by FY 22 due to growing demand from the power infrastructure and communication sector we expect new avenue for growth will open in future for the company . Railways and Power Sector are the major revenue contributors for CMIL. The gradual efforts of Indian railway to modernize the signaling system and huge investment of government in power sector to expand the generation capacity as well as to promote the transmission and distribution segment will help to boost the...

CMI incorporated in 1967 originally known as Choudhari Metal Industries was engaged in Copper Metal Trade and Copper melting and rod casting. From Copper it diversified to cables. CMI started manufacturing PVC Switch Board Cables, Control...