---
title: "Marco Cables & Conductors Ltd (MARCO) — Share Price, Financials & Analysis"
symbol: "MARCO"
company: "Marco Cables & Conductors Ltd"
canonical: "https://tapetide.com/stocks/MARCO"
isin: "INE0QP001012"
nse_symbol: "MARCO"
sector: "Industrial Products"
industry: "Cables - Electricals"
market_cap_cr: 58.43
generated_at: "2026-09-13T18:23:19.929Z"
---

# Marco Cables & Conductors Ltd (MARCO)

Canonical page: https://tapetide.com/stocks/MARCO

## Company

- **NSE Symbol:** MARCO
- **ISIN:** INE0QP001012
- **Sector:** Industrial Products
- **Industry:** Cables - Electricals
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2023-09-28
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** marcocables.com

## About

Incorporated in 1989, Marco Cables & Conductors Ltd is in the business of manufacturing and selling wire, cables, wires, and conductors.[1]

## Latest Price

- **Price:** ₹31.5
- **Change:** +0.4 (+1.29%)
- **Open:** ₹31.25
- **Day High:** ₹31.75
- **Day Low:** ₹31.25
- **Previous Close:** ₹31.1
- **Volume:** 6000
- **As Of:** 2026-09-11T09:57:07+00:00

## Key Fundamentals

Observed at 2026-09-11T04:50:00.123730Z.

- **Market Cap:** ₹58.43 Cr
- **Classification:** SME
- **P/E (reported):** 13.8
- **EPS (reported):** ₹1.62
- **Book Value:** ₹19.46
- **Price to Book:** 1.6
- **Dividend Yield:** 0%
- **ROE:** 11.55%
- **ROCE:** 22.8%
- **Debt to Equity:** 1.59
- **Revenue (yearly):** ₹103.1 Cr
- **Net Income:** ₹4.2 Cr
- **EBITDA:** ₹12.7 Cr
- **52-Week High:** ₹44.5
- **52-Week Low:** ₹26.6
- **RSI (14):** 46.21

## Tapetide Score

- **Score:** 44 / 100
- **Score date:** 2026-09-04
- **Archetype:** Weak and Under Pressure
- **What it means:** Weak financials are the defining feature, and neither the valuation nor the trend reading is strong enough to offset them. Worth reading the risk flags and recent filings closely before anything else.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Falling
- **Percentile:** 25 (of 4473 scored stocks)
- **Confidence:** 88%
- **Data coverage:** 76%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 27.64 | 9% |
| growth | 24.11 | 9% |
| momentum | 46.43 | 12% |
| ownership | 50 | 24% |
| quality | 46.89 | 22% |
| valuation | 42.87 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has high debtors of 157 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -238.99% | -264.38% | -633.01% |
| ebitda margin growth | -0.8% | -17.11% | 11.87% |
| net income growth | -19.23% | 18% | 104% |
| revenue growth | -7.7% | 22% | 19% |
| roce | -34.5% | 1.24% | 26.86% |
| roe | -28.48% | 12.98% | 226.27% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 22 | 35 | 21 | 51 | 49 | 63 | 54 | 49 |
| Expenses | 20 | 29 | 17 | 45 | 42 | 56 | 47 | 43 |
| Operating Profit | 2 | 6 | 4 | 6 | 7 | 7 | 7 | 5 |
| OPM % | 11 | 17 | 19 | 13 | 14 | 11 | 13 | 11 |
| Other Income | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 4 | 1 | 3 | 4 | 3 | 4 | 2 |
| Tax % | 25 | 22 | 18 | 34 | 25 | 28 | 25 | 37 |
| Net Profit | 0 | 3 | 1 | 2 | 3 | 2 | 3 | 1 |
| EPS in Rs | — | — | 0.5 | 1.12 | 1.46 | 1.32 | 1.61 | 0.64 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 42 | 56 | 56 | 72 | 111 | 103 |
| Expenses | 37 | 50 | 47 | 61 | 98 | 90 |
| Operating Profit | 5 | 6 | 9 | 10 | 14 | 13 |
| OPM % | 12 | 11 | 16 | 15 | 12 | 12 |
| Other Income | 0 | 0 | 1 | 0 | 0 | 0 |
| Interest | 5 | 5 | 5 | 6 | 7 | 6 |
| Depreciation | 1 | 0 | 0 | 0 | 1 | 1 |
| Profit before tax | 0 | 0 | 4 | 4 | 7 | 6 |
| Tax % | 0 | 31 | 22 | 30 | 26 | 29 |
| Net Profit | 0 | 0 | 3 | 3 | 5 | 4 |
| EPS in Rs | — | — | — | 1.63 | 2.78 | 2.25 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 3 | 3 | 3 | 19 | 19 | 19 |
| Reserves | 6 | 7 | 15 | 8 | 13 | 18 |
| Borrowings | 35 | 37 | 38 | 40 | 36 | 59 |
| Other Liabilities | 12 | 13 | 15 | 13 | 18 | 13 |
| Total Liabilities | 57 | 60 | 71 | 80 | 86 | 108 |
| Fixed Assets | 6 | 5 | 6 | 5 | 6 | 6 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 51 | 54 | 65 | 75 | 80 | 102 |
| Total Assets | 57 | 60 | 71 | 80 | 86 | 108 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -5 | 3 | 0 | -5 | 12 | -16 |
| Cash from Investing Activity | 0 | 0 | 0 | -1 | -1 | 0 |
| Cash from Financing Activity | 3 | -4 | 0 | 5 | -11 | 17 |
| Net Cash Flow | -2 | -1 | 0 | 0 | 0 | 0 |
| Free Cash Flow | -5 | 3 | 1 | -5 | 10 | -17 |
| CFO/OP | -97 | 52 | 11 | -34 | 95 | -116 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 138 | 131 | 185 | 143 | 81 | 157 |
| Inventory Days | 304 | 214 | 250 | 254 | 187 | 207 |
| Days Payable | 113 | 90 | 114 | 62 | 53 | 35 |
| Cash Conversion Cycle | 329 | 254 | 320 | 334 | 214 | 329 |
| Working Capital Days | 93 | 84 | 156 | 153 | 93 | 152 |
| ROCE % | — | 13 | 17 | 17 | 20 | 15 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Promoters | 72.18% | 72.18% | 72.36% | 72.65% | 72.81% | 72.81% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 23.34% | 24.93% | 26.09% | 25.99% | 25.87% | 25.83% |
| Others | 4.48% | 2.89% | 1.56% | 1.36% | 1.32% | 1.36% |
| No. of Shareholders | 11 | 11 | 1028 | 1144 | 1491 | 1414 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 5 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 32.48 | Sell |
| EMA (10) | 31.97 | Sell |
| SMA (20) | 32.17 | Sell |
| EMA (20) | 32.14 | Sell |
| SMA (50) | 31.78 | Sell |
| EMA (50) | 32.5 | Sell |
| SMA (100) | 34.25 | Sell |
| EMA (100) | 33.42 | Sell |
| SMA (200) | 35.15 | Sell |
| EMA (200) | 35.39 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 47.61 | Neutral |
| MACD (12,26,9) | -0.13 | Sell |
| Stochastic (14,3,3) | 19.66 | Buy |
| ADX (14) | 9.37 | Neutral |
| Williams %R (14) | -78.42 | Neutral |
| ATR (14) | 1.82 | High Volatility |
| ROC (12) | -3.08 | Sell |
| Stoch RSI (14) | 11.2 | Buy |
| UO (7,14,28) | 50.05 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 6 May 2026 - Promoter disclosed no encumbrance on company shares during FY2026. | [Disclosure under SEBI Takeover Regulations 6 May 2026 - Promoter disclosed no encumbrance on company shares during FY2026.](https://nsearchives.nseindia.com/corporate/team_sandeshc_16042026123326_50.pdf) |
| 4 Sep - Company published AGM notice; 37th AGM on 25 September 2026 at 1:00 PM with e-voting details. | [Copy of Newspaper Publication 4 Sep - Company published AGM notice; 37th AGM on 25 September 2026 at 1:00 PM with e-voting details.](https://nsearchives.nseindia.com/corporate/MARCO_04092026143251_NewspapaerAdvNSEFinalsigned.pdf) |
| 31 March 2026 - Trading window closed from April 1, 2026 until 48 hours after FY2026 results communication. | [Trading Window 31 March 2026 - Trading window closed from April 1, 2026 until 48 hours after FY2026 results communication.](https://nsearchives.nseindia.com/corporate/MARCO_31032026164735_Intimation_for_Trading_Window_Closure_Notice_signed.pdf) |
| 3 Sep - Annual report FY2025-26 and notice of 37th AGM on 25 September 2026 submitted. | [Shareholders meeting 3 Sep - Annual report FY2025-26 and notice of 37th AGM on 25 September 2026 submitted.](https://nsearchives.nseindia.com/corporate/MARCO_03092026174421_AnnualReportMARCONSESigned.pdf) |
| 23 Jul - Received domestic purchase order worth Rs. 11.45 crore for conductors, to be executed in 4 months. | [Bagging/Receiving of orders/contracts 23 Jul - Received domestic purchase order worth Rs. 11.45 crore for conductors, to be executed in 4 months.](https://nsearchives.nseindia.com/corporate/MARCO_23072026200502_NSE_Intimation_for_Purchase_Order_23-07-2026_signed.pdf) |
| 2 Sep - Board approved FY26 director’s report, AGM notice for 25 September 2026, scrutinizer appointment, and 18 September cut-off date. | [Outcome of Board Meeting 2 Sep - Board approved FY26 director’s report, AGM notice for 25 September 2026, scrutinizer appointment, and 18 September cut-off date.](https://nsearchives.nseindia.com/corporate/MARCO_02092026185748_OutcomeofBM02092026dsc.pdf) |
| 17 January 2026 - Reg. 74(5) certificate for quarter ended 31 Dec 2025 confirming dematerialisation and cancellation of share certificates. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 17 January 2026 - Reg. 74(5) certificate for quarter ended 31 Dec 2025 confirming dematerialisation and cancellation of share certificates.](https://nsearchives.nseindia.com/corporate/MARCO_17012026145837_Reg74_5_finalsigned.pdf) |
| 17 January 2026 - Marco Cables: corporate governance provisions not applicable; no Corporate Governance Report for quarter ended 31 Dec 2025. | [Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter 17 January 2026 - Marco Cables: corporate governance provisions not applicable; no Corporate Governance Report for quarter ended 31 Dec 2025.](https://nsearchives.nseindia.com/corporate/MARCO_17012026145426_Reg2731122025signed.pdf) |
| 15 May - Board approved FY26 audited standalone results, unmodified audit opinion, and appointed internal auditor on 15 May 2026. | [Outcome of Board Meeting 15 May - Board approved FY26 audited standalone results, unmodified audit opinion, and appointed internal auditor on 15 May 2026.](https://nsearchives.nseindia.com/corporate/MARCO_15052026213007_BMOutcomeNSEMarcoMarch2026.pdf) |
| 15 May - Board approved audited FY26 standalone results, unmodified audit opinion, and appointed internal auditor for FY27. | [Outcome of Board Meeting 15 May - Board approved audited FY26 standalone results, unmodified audit opinion, and appointed internal auditor for FY27.](https://nsearchives.nseindia.com/corporate/MARCO_15052026192224_BMOutcomeNSEMarcoMarch2026.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31266_MARCO_2025_2026_A_2419452_03092026180359.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28299_MARCO_2024_2025_A_5255794_03092025173629.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25412_MARCO_2023_2024_02092024151714.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:23:19.929Z.