Marco Cables & Conductors Limited IPO (Marco Cables & Conductors IPO) Detail

Full confidence on shreni share..

Upper circuit journey started...

Should give a chance to enter at around IPO price. Waiting for the same. Don’t feel like paying any premium for this. 😃🤭

​@SSingh ......sir greenchef mein kya karna chahiye....is it right time to add??

​@SSingh 
Sir ji
Holding Marco cabel since listing.
Should I hold it for one year.

Jo sasta kharidne ke chakkar Mai bhav gira rhe hai phir mehenga bechne ke khwab na dekhe ... coz it's a chain reaction ⛓️ Roj log lc par order lga kar Beth jate hai and kuch log aa hi jate hai us price par bechne wale.. jinne 3 din pehle lc par liya tha woh konse profit mai ...toh lc par loge tog lc hi lagenge UC par loge toh hi kuch kamaoge

Shall I purchase 3000 shares at lc today? @ 40.50? M not able to decide so thought of asking the experts.

Mere pyare bhaiyo sell orders agar aap hta loge toh buyer atleast at par ya UC par maal lega.. nhi toh kal bhi low open hoga sirf apki desperation to get out ki wajah se.. wese yeh koi lower circuit nhi hai ...bs illiquid hai .

Added 2 lot at lower circuit sherni pr poora bharosa hai

Wonderful vote of confidence ! Somebody just bought 2,40,000 shares at lower circuit in parts after a long hault of no trading volumes at lower circuit.. Shreni hai toh bharosa hai ! I am not saying it would become polycab like in returns but would be good !

No need to panic give it time . Will see upper circuit again . Cables stocks have given wonderful returns in past . I am still holding won't sell single share

Yes..moreover shreni is there....surely this will go to 60 levels soon.

AGAIN ON UPPER CIRCUIT

So M. ravichandran sir is in here , S Jogi sir and alot of patient investors .. so I too won't sell.. let's see looks good but with low volumes .

📌Order in hand: Rs. 178Cr State Govt Orders🔥

📌📌 ➡️ ➡️
▪️Marco Cables and Conductors Ltd. (MCCL)✅ is engaged in the business of manufacturing and selling wires, cable wires, and conductors in India, with an operating history of over 34 years 💫 in the power cable industry in India.

📌The company's product list includes:

➢LT Aerial Bunched Cables: It is used for overhead Power Distribution. It provides high safety and reliability, lower power losses, and ultimate system economy by reducing installation, maintenance, and operating costs, best for installation in difficult terrains such as hilly areas forest areas, coastal areas, etc.

➢LT PVC Cables.

➢AAAC Conductor: Made from aluminum-magnesium-silicon alloy of high electrical conductivity containing Magnesium (0.6-0.9%) and silicon (0.5-0.9%) to give it better mechanical properties after treatment.

➢LT XLPE Cables: These are manufactured with CU/AI Conductor with XLPE Insulation, Laid up, Inner Taped/Extruded. The armoring is of galvanized mild steel wires/strips. The final outer sheath with high-grade PVC. All are as per relevant IS specifications.

➢ACSR Conductors: ACSR conductor consists of a solid or stranded steel core surrounded by strands of aluminum (E.C. GRADE). ACSR Conductor is available in a wide range of steel, containing carbon from 0.5% to 0.85 %. ACSR Conductor has high Tensile Strength making it useful for for river crossings, overhead ground wires, installations involving extra long spans, etc.

▪️Marco Cables & Conductors' manufacturing unit is located at Nasik, Maharashtra, with a combined installed production capacity of 18,000 Kms p.a.✅ as of August 07, 2023.

▪️Over the years the company has developed expertise and upgraded its technology by adding several automatic machineries 🔥 and equipment to the plant, which has helped boost in production capacity and the quality of products.

▪️The majority of its products are supplied to electricity boards of different states like Maharashtra, Gujarat, Tamil Nadu, Telangana, Haryana, Chhattisgarh, Madhya Pradesh, etc., and turnkey contractors of India. Its products cover the entire range of voltage and transmission lines suitable for up to 1.1 KV.
The company sells products through a diversified sales and distribution mix, majorly by:-
1) securing government tenders for supply to government projects. ✅
2) supplying to EPC contractors for turnkey projects.✅
3) direct sales to a few private companies.✅

📌📌
▪️IPO price: Rs.36
▪️IPO size:18.73 CR
▪️CMP:Rs.42.6
▪️Market cap:Rs.80 CR
▪️P/E: 28 (industry avg: 36✅)
▪️EPS: 1.5 (post IPO)
▪️ROE: 22.41%
▪️ROCE: 16.93%
▪️RoNW: 18%
▪️Debt/Equity: 2.41
▪️Assets: Rs.69.93Cr
▪️Total Borrowing: Rs.37.57Cr (Reserves and Surplus:Rs.12.38Cr, Cash:Rs.3.5 Cr)
▪️Share Holding Pre Issue: 100%
▪️Share Holding Post Issue: 72.18%

📌FINANCIALS:
▪️FY23 revenue is 56.93 CR as compared to 56.65 CR(FY22), 0.5 %✅ growth yoy.
▪️FY23 PAT is 2.8 CR as compared to 0.335 CR(FY22), 736%✅ growth yoy.
▪️33% growth in revenue in last 2 years.
▪️2185%🔥 growth in PAT in last 2 years.

(Rs. 178Cr State Govt Orders✅)

📌IPO funds:
From the net proceeds of the fresh equity shares issue, it will utilize Rs. 1.86 cr. for the purchase of a solar power system and stranding machine, Rs. 5.00 cr. for working capital and Rs. 1.70 cr. for general corporate purposes.

📌PEERS:
As per the offer document, the company has shown V-Marc and Relicab Cable as their listed peers. They are trading at a P/E of 25.31 and 62.95 (as of September 18, 2023). However, they are not comparable on an apple-to-apple basis.

▪️Industry P/E ratio:-
➢P/E Ratio:
Highest: 62.95
Lowest: 21.92
Average: 35.62

📌CLIENTS:
✔️MSEDCL (MUMBAI)
✔️LARSEN & TOURBO (CHENNAI)
✔️APCPDCL (VIJAYWADA)
✔️BAJAJ ELECTRICALS (MUMBAI)
✔️ASHOKA BUILDCON LIMITED (NASIK)
✔️MEGHA ENGINEERING & INFRASTRUCTURES LTD (HYDERABAD)
✔️MPPKVVCL (INDORE)
✔️North Bihar Power Distribution Co. Ltd
and many more...

📌SECTOR GROWTH:
▪️ The rapid urbanization and industrial development have contributed to the exponential growth of the electrical cable industry in the country. According to a study – the global wire and cable market is growing at a CAGR of 6.45%. It predicts that the global market size of this industry is expected to reach USD 332.65 bn by 2026.✅

▪️The Indian wire and cable market is growing at an even faster pace. With a whopping CAGR 15%✅ growth rate, the rising Indian market reflects the rapid developments in the power and infrastructure sector. And it’s not going to slow down any time soon. With the advent of industrial revolution 4.0, global investors are eying the potential Indian market specific to the high-voltage (HV) and extra-high-voltage (EHV) cables product line.

▪️ Moreover, the fourth industrial revolution will further expand the innovative use of wires and cables inside IoT devices and for 5G ✅spread out in the telecom sector.

📌STRENGTH:
➢Qualifying in bid qualification requirements (BQR) of Government tenders. ✅
➢Assured Quality and High Standard Service.
➢Strong Customer Base.
➢Customized Product Development.
➢Strong Financial Management and Strong Marketing Practices.

📌FUTURE PLAN:
▪️Broaden their marketing base and increasing our geographical reach. ✅

▪️Technology enhancements. ✅

▪️Expand relationships with their existing customers.

▪️Focus on manufacturing consistent quality.

▪️Optimal Utilization of Resources.

visit website for more info:https://marcocables.com/index

📌Disclosure: Not a buy recommendation. only for study and education purpose. Please consult your financial advisor before investing. Please stop investing blindly just by seeing the name of any stock.

​@arvindarvind 
No idea as of now.
Lets check after they release 6 month results.

Target almost reached....similar buy can buy made in sharp chuks and Arabian fof decent returns in 30 trading sessions

Hold or sell? long term good?

SJOGI SIR
Looking forward to your detailed analysis report and compliments for your efforts
I had two lots allotted , one I exited during preopen at 38.7 and the other I would exit once the UC is lifted.

Can i hold or sell? After 1 month return? Hold long term? Best analysis and Detail me kuch nahi he youtube me is company ke bare me

Bulk deals
​@MRavichandran  sir added appx 1lkh qty.

Not applied...and didn't bought today..but I feel this will sky rocket in short term, moreover LM (shreni)has only this one at present ..one who was allotted can benefit in short term..will try if available tomorrow will plan to buy 2 lots.

​@Ipoaspire A movement of 25% in either direction in 5 days is first filter under NSE ASM circular. I feel sudden movement may be restricted in short term and good SMEs may have to be held for some time.
Please correct me if I have misunderstood the NSE Circular.

Single order hai 1,80,00,000 rs ka kisika.. kya lagta hai 2-3 days UC continue hoga.. ?

166 lot ???

Ha I guess thoda hi fill hua hoga .. i was watching this whole time since morning...the market depth how it moved ..shows definitely a order of that magnitude is placed ... let's see if any bulk deals

Have any one tried to sell from SBI SECURITIES and succeeded? Please help me to find out the solution. Thank you.

I have already called the customer care and they have told me that they are addressing the technical issue and will do necessary…….Thank you very much for your prompt response. God blesses you with all the best.

Since sold. No regrets whatsoever may be the price in future. I am happy with the profit.

bought 1 marco
will post the detailed analysis of marco soon.

Bought 1 lot today and will buy other on Monday.

*on Tuesday