---
title: "Cimmco Ltd (CIMMCO) — Share Price, Financials & Analysis"
symbol: "CIMMCO"
company: "Cimmco Ltd"
canonical: "https://tapetide.com/stocks/CIMMCO"
isin: "INE184C01028"
nse_symbol: "CIMMCO"
sector: "Diversified"
industry: "Diversified"
generated_at: "2026-09-13T18:59:17.476Z"
---

# Cimmco Ltd (CIMMCO)

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

## Company

- **NSE Symbol:** CIMMCO
- **ISIN:** INE184C01028
- **Sector:** Diversified
- **Industry:** Diversified
- **Macro Sector:** Diversified
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** cimmco.in

## About

Cimmco is mainly engaged in the manufacturing and selling of freight wagons, engineering goods and tractors.

## Latest Price

## Key Insights

### Strengths

- Stock is trading at 0.32 times its book value
- Company is expected to give good quarter
- Company has delivered good profit growth of 43.6% CAGR over last 5 years

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of -0.80% over last 3 years.
- Contingent liabilities of Rs.31.0 Cr.
- Earnings include an other income of Rs.17.8 Cr.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 268% | 62% | 44% |
| revenue growth | 72% | 56% | 15% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 35.52 | 40.46 | 44.93 | 16.66 | 31.88 | 29.27 | 48.66 | 91.86 | 87.39 | 105.42 | 72.79 | 82.07 |
| Expenses | 32.59 | 36.3 | 41.99 | 16.94 | 37.77 | 31.25 | 49.85 | 85.77 | 80.53 | 102.59 | 68.78 | 74.21 |
| Operating Profit | 2.93 | 4.16 | 2.94 | -0.28 | -5.89 | -1.98 | -1.19 | 6.09 | 6.86 | 2.83 | 4.01 | 7.86 |
| OPM % | 8.25 | 10.28 | 6.54 | -1.68 | -18.48 | -6.76 | -2.45 | 6.63 | 7.85 | 2.68 | 5.51 | 9.58 |
| Other Income | 0.06 | 0.04 | 0.11 | 0.15 | -4.43 | 0.37 | 0.07 | 0.26 | 16.04 | 0.15 | 1.42 | 0.21 |
| Interest | 3.38 | 3.51 | 3.48 | 3.3 | 4.06 | 4.34 | 5.28 | 4.8 | 7.32 | 6.55 | 6.49 | 6.28 |
| Depreciation | 2.52 | 1.54 | 1.54 | 1.54 | 1.54 | 1.02 | 1.02 | 1.01 | 0.69 | 0.86 | 0.87 | 0.87 |
| Profit before tax | -2.91 | -0.85 | -1.97 | -4.97 | -15.92 | -6.97 | -7.42 | 0.54 | 14.89 | -4.43 | -1.93 | 0.92 |
| Tax % | -4.47 | -15.29 | -4.06 | -1.61 | -0.5 | -12.63 | -1.08 | -14.81 | -172.73 | -36.12 | -68.91 | 29.35 |
| Net Profit | -2.79 | -0.71 | -1.88 | -4.89 | -15.84 | -6.1 | -7.34 | 0.63 | 40.62 | -2.83 | -0.6 | 0.64 |
| EPS in Rs | -1.39 | -0.35 | -0.94 | -1.79 | -5.8 | -2.23 | -2.69 | 0.23 | 14.88 | -1.04 | -0.22 | 0.23 |

### Profit & Loss

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

| Item | Mar 2011 9m | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 116 | 230 | 100 | 128 | 32 | 67 | 124 | 134 | 257 | 348 |
| Expenses | 104 | 187 | 103 | 116 | 39 | 74 | 125 | 133 | 247 | 326 |
| Operating Profit | 11 | 43 | -3 | 13 | -7 | -6 | -2 | 1 | 10 | 22 |
| OPM % | 10 | 19 | -3 | 10 | -22 | -9 | -1.6 | 0.7 | 3.8 | 6 |
| Other Income | -4 | -23 | 3 | -12 | -8 | 5 | 0 | -4 | 17 | 18 |
| Interest | 3 | 10 | 8 | 8 | 8 | 9 | 12 | 14 | 22 | 27 |
| Depreciation | 1 | 2 | 2 | 1 | 3 | 4 | 6 | 6 | 4 | 3 |
| Profit before tax | 4 | 8 | -10 | -8 | -25 | -15 | -20 | -24 | 1 | 9 |
| Tax % | -198 | 48 | 4 | 55 | 1 | -7 | -6 | -2 | -2574 | — |
| Net Profit | 11 | 4 | -10 | -12 | -26 | -14 | -19 | -23 | 28 | 38 |
| EPS in Rs | 5.44 | 2.08 | -4.98 | -6.16 | -12.83 | -6.79 | -9.54 | -8.54 | 10.19 | 13.85 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

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

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Sep 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 27 | 27 | 27 |
| Reserves | 159 | 162 | 150 | 137 | 110 | 161 | 165 | 115 | 144 | 159 |
| Borrowings | 164 | 107 | 91 | 78 | 111 | 88 | 83 | 150 | 187 | 160 |
| Other Liabilities | 89 | 16 | 25 | 25 | 34 | 49 | 95 | 70 | 125 | 136 |
| Total Liabilities | 432 | 305 | 287 | 260 | 275 | 318 | 363 | 363 | 483 | 482 |
| Fixed Assets | 172 | 171 | 170 | 171 | 168 | 273 | 281 | 271 | 272 | 271 |
| CWIP | 3 | 3 | 3 | 0 | 0 | 0 | 0 | 1 | 1 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 257 | 132 | 114 | 89 | 107 | 45 | 81 | 91 | 210 | 211 |
| Total Assets | 432 | 305 | 287 | 260 | 275 | 318 | 363 | 363 | 483 | 482 |

### Cash Flow

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

| Item | Jun 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -20 | 19 | 58 | 6 | 29 | -18 | 14 | 11 | -30 | -10 |
| Cash from Investing Activity | -1 | -31 | 17 | 13 | -1 | -1 | 1 | 0 | -5 | -6 |
| Cash from Financing Activity | 20 | 13 | -69 | -25 | -29 | 20 | -16 | -9 | 34 | 16 |
| Net Cash Flow | -1 | 1 | 6 | -6 | 0 | 1 | -1 | 2 | -1 | 0 |
| Free Cash Flow | -22 | 15 | 57 | 4 | 28 | -19 | 14 | 10 | -33 | -15 |
| CFO/OP | 4 | 169 | 135 | -186 | 224 | 264 | -232 | -480 | -3171 | -102 |

### Ratios

| Item | Jun 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 239 | 149 | 17 | 62 | 34 | 121 | 31 | 37 | 48 | 49 |
| Inventory Days | 2732 | 406 | 98 | 180 | 78 | 659 | 94 | 205 | 156 | 184 |
| Days Payable | 494 | 229 | 24 | 85 | 45 | 318 | 106 | 246 | 86 | 202 |
| Cash Conversion Cycle | 2477 | 326 | 91 | 157 | 67 | 461 | 19 | -4 | 118 | 31 |
| Working Capital Days | 1754 | 112 | 48 | 170 | 39 | -42 | -129 | -113 | -12 | 49 |
| ROCE % | 2 | — | 14 | -1 | 5 | -3 | -2 | -2 | -1 | 7 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Jun 2020 |
| --- | --- | --- | --- | --- | --- |
| Promoters | 74.93% | 81.53% | 79.49% | 74.99% | 75% |
| DIIs | 0.89% | 0.62% | 0.51% | 0.35% | 0.35% |
| Public | 24.19% | 17.86% | 20.01% | 24.66% | 24.65% |
| No. of Shareholders | 48169 | 47799 | 47009 | 46743 | 46827 |

### Quarterly

| Category | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 74.93% | 81.53% | 81.53% | 81.53% | 81.53% | 79.49% | 79.49% | 75% | 75% | 75% | 74.99% | 75% |
| DIIs | 0.83% | 0.61% | 0.62% | 0.61% | 0.51% | 0.51% | 0.51% | 0.51% | 0.5% | 0.52% | 0.35% | 0.35% |
| Public | 24.25% | 17.86% | 17.86% | 17.86% | 17.97% | 20.01% | 20.01% | 24.49% | 24.5% | 24.48% | 24.66% | 24.65% |
| No. of Shareholders | 48667 | 48190 | 47799 | 47484 | 47119 | 47215 | 47009 | 47538 | 47213 | 46815 | 46743 | 46827 |

## Technical Indicators

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

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 11 / 7 / 1

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 21.63 | Buy |
| EMA (10) | 21.46 | Buy |
| SMA (20) | 20.9 | Buy |
| EMA (20) | 21.25 | Buy |
| SMA (50) | 22.03 | Sell |
| EMA (50) | 21.06 | Buy |
| SMA (100) | 20.28 | Buy |
| EMA (100) | 20.33 | Buy |
| SMA (200) | 18.71 | Buy |
| EMA (200) | 20.21 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 54.84 | Neutral |
| MACD (12,26,9) | 0.18 | Buy |
| Stochastic (14,3,3) | 48.61 | Neutral |
| ADX (14) | 11.66 | Neutral |
| Williams %R (14) | -43.06 | Neutral |
| ATR (14) | 1.18 | High Volatility |
| ROC (12) | 4.31 | Buy |
| Stoch RSI (14) | 56.73 | Neutral |
| UO (7,14,28) | 46.87 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9h - The Company's officials will be attending the meetings/conferences with Analysts/Investors as per attached schedule. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 9h - The Company's officials will be attending the meetings/conferences with Analysts/Investors as per attached schedule.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/fa0ad9b5-52e1-48f1-9cdb-b17193014e84.pdf) |
| 3 Oct 2020 - Pursuant to the provisions thereof, the Scheme has become effective from the said date. Further, the Order has been filed with the concerned Registrar of … | [Announcement under Regulation 30 (LODR)-Updates on Acquisition 3 Oct 2020 - Pursuant to the provisions thereof, the Scheme has become effective from the said date. Further, the Order has been filed with the concerned Registrar of …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7ef49da0-67aa-4b3b-a994-08fe22909335.pdf) |
| 20 Feb - Appointed Manjinder Singh as SVP–Projects & Commercial effective Feb 20, 2026; reports to MD; 24 years' experience. | [Announcement under Regulation 30 (LODR)-Change in Management 20 Feb - Appointed Manjinder Singh as SVP–Projects & Commercial effective Feb 20, 2026; reports to MD; 24 years' experience.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/73738215-5b7d-4388-bb38-696435817323.pdf) |
| 19 Sep 2020 - National Securities Depositories Limited (NSDL) by its letter dated 18th September, 2020 and Central Depository Services Limited (CDSL) by its email dated 18th September, 2020, … | [Announcement under Regulation 30 (LODR)-Change in RTA 19 Sep 2020 - National Securities Depositories Limited (NSDL) by its letter dated 18th September, 2020 and Central Depository Services Limited (CDSL) by its email dated 18th September, 2020, …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6f4c9178-0816-4c91-a797-3789c2608954.pdf) |
| 17 Feb - Conference call Transcript of Q3 FY26 results is available on Company''s website. | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript 17 Feb - Conference call Transcript of Q3 FY26 results is available on Company''s website.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d7b143a7-a01c-4d4b-9241-8e06c529e935.pdf) |
| 14 Oct 2020 - Company stands amalgamated w.e.f. 01/04/2019 (the Appointed Date) and is not in existence now and hence the compliance reports/ disclosures required for the quarter ended … | [Announcement Under Regulation 30 14 Oct 2020 - Company stands amalgamated w.e.f. 01/04/2019 (the Appointed Date) and is not in existence now and hence the compliance reports/ disclosures required for the quarter ended …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/057fc7e5-b61a-4d2f-8732-7ae7519fbb3c.pdf) |
| 13 Feb - Copy of Newspaper Publication with respect to Unaudited financials results for the quarter ended December 31, 2025. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 13 Feb - Copy of Newspaper Publication with respect to Unaudited financials results for the quarter ended December 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c6a11867-f531-41cf-88a2-ddae7533f929.pdf) |
| 12 Feb - Q3FY26: Revenue ₹2,277cr, EBITDA ₹175cr, PAT ₹0.2cr; subsidiary redeems 1,389,575 RPS at ₹1,000. | [Board Meeting Outcome for Outcome Of The Meeting Of The Board Of Welspun Living Limited Held On February 12, 2026. 12 Feb - Q3FY26: Revenue ₹2,277cr, EBITDA ₹175cr, PAT ₹0.2cr; subsidiary redeems 1,389,575 RPS at ₹1,000.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/8e668f07-5444-413a-8535-241ca5fa4a1d.pdf) |
| 12 Feb - Q3 FY26 results conference call recording available on company website; link provided (Feb 12, 2026). | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 12 Feb - Q3 FY26 results conference call recording available on company website; link provided (Feb 12, 2026).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b7576e00-7d50-411a-9f93-ec8e3047266f.pdf) |
| 12 Feb - Earnings Presentation, inter alia, on unaudited financial results of the Company for the quarter ended December 31, 2025. | [Announcement under Regulation 30 (LODR)-Investor Presentation 12 Feb - Earnings Presentation, inter alia, on unaudited financial results of the Company for the quarter ended December 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5d30ccd3-c77c-4156-9c16-e224ac39cb56.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Oct 2024 | [Concall - Oct 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f1998cfa-ce1b-45d0-8ab5-01df0e8db754.pdf) |
| Oct 2022 | [Concall - Oct 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/627da3c6-2fee-4b4e-a9e8-90bfcc5eb51a.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/348250fd-2a01-405e-95fd-ca27e0fe9bfc.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/447d307b-481b-459b-9430-9b0c2a6258a6.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3571d9c5-ca22-4d0a-bd6d-bcea0093c592.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/22a5f1f8-252a-4ba6-8a62-5d0a5f31f5ff.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e6abb53a-c690-47ba-805e-5e056a3b729c.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7c16f269-c97c-4d8c-b14a-93f8e1ec89ca.pdf) |
| Nov 2016 | [Concall - Nov 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=49FBC4C1_142E_4F22_B659_2737AB3D265A_081703.pdf) |
| May 2022 | [Concall - May 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ebae60fc-1727-4209-84fc-2796c15fc18e.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2013 from nse](https://archives.nseindia.com/annual_reports/AR_1314_WELSPUNIND_2012_2013_02092013110701.zip) |
| from nse | [Annual Report 2011 from nse](https://archives.nseindia.com/annual_reports/AR_CIMMCO_2010_2011_16122011100406.zip) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e864a067-6c38-4644-ba96-4883eb448b5d.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ee37ebc4-6735-4f93-8bdf-834c094f7490.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cfec31b8-5fbc-46d6-a52a-775846242ec6.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/514162/74474514162.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/514162/69417514162.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/514162/67011514162.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/505230/5052300319.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/514162/5141620319.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2020-10-14 | [Announcement Under Regulation 30](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=057fc7e5-b61a-4d2f-8732-7ae7519fbb3c.pdf) |
| 2020-10-12 | [Corporate Action-Fixes Record Date For Allotment Of Shares Of Titagarh Wagons Limited To The Shareholders Of Cimmco Limited Pursuant To The Share Exchange Ratio As Mentioned In The NCLT Sanctioned Scheme Of Amalgamation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=23a1868c-f85a-4026-bd80-58cc81d70a64.pdf) |
| 2020-10-03 | [Announcement under Regulation 30 (LODR)-Updates on Acquisition](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7ef49da0-67aa-4b3b-a994-08fe22909335.pdf) |
| 2020-10-01 | [Announcement under Regulation 30 (LODR)-Scheme of Arrangement](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=daee2239-d59a-4739-a368-3eccedef2c8e.pdf) |
| 2020-09-19 | [Announcement under Regulation 30 (LODR)-Change in RTA](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6f4c9178-0816-4c91-a797-3789c2608954.pdf) |
| 2020-09-10 | [Results-Delay in Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=14978a2a-e8e7-47d0-ac68-b1cfd4d689d6.pdf) |
| 2020-09-05 | [Intimation Of Application For Extension Of Time For Holding The 75Th Annual General Meeting Of The Company For The Financial Year Ended 31St March, 2020](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a119773f-575d-4ea5-b9af-3168638bb302.pdf) |
| 2020-08-24 | [Clarification](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7A64696C-8F5A-4E5C-AECD-310F4FEB58E1-105959.pdf) |
| 2020-07-27 | [Results-Delay in Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1f8d0b11-37a6-48d5-a47b-d8f2149769e5.pdf) |
| 2020-07-18 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a1589abe-22cb-46fd-b104-f9f82cad8b92.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 2026-09-13T18:59:17.476Z.