Cable · Founded 1992 · www.clenon.in · BSE 517564 · · ISIN INE769B01028
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Business
Clenon Enterprises Ltd. is an Indian company operating in the cable sector. Its core business likely involves the manufacturing, marketing, and distribution of a range of electrical and communication cables and wires. The company's business model would primarily focus on B2B sales to various industries such as infrastructure development (power transmission, railways, roads), real estate (residential and commercial construction), industrial projects, and potentially telecom network providers. It makes money by selling its manufactured products, with revenue derived from the difference between manufacturing costs (including raw materials like copper, aluminum, and PVC) and sales prices to its clients.
Revenue Mix
While specific segments are not provided, a company in the cable industry typically operates across several product categories. These could include:
Power Cables: Low Voltage (LV), Medium Voltage (MV), and High Voltage (HV) cables for transmission and distribution.
Communication Cables: Optical Fiber Cables (OFC) and Copper Telecom Cables.
Building Wires: Wires and cables for residential, commercial, and industrial building applications.
Specialty Cables: Instrumentation cables, solar cables, fire-resistant cables, etc., for specific industrial uses.
Without financial data, the contribution of each segment to the overall revenue mix is unknown.
Industry
The Indian cable industry is highly competitive, characterized by the presence of a few large organized players and numerous medium-to-small scale manufacturers, along with a significant unorganized segment. The industry's growth is largely tied to India's infrastructure development, urbanization, industrialization, and power sector expansion. Clenon Enterprises Ltd. would likely be positioned as a mid-tier or emerging player aiming to compete on product quality, adherence to standards, pricing, and distribution network within specific geographical regions or product niches. Its standing relative to larger peers would depend on its market share, brand recognition, and technological capabilities.
MOAT
Without specific information, Clenon's potential competitive advantages could stem from:
Product Quality & Certifications: Adherence to national and international quality standards (e.g., BIS, ISO) is crucial for securing large projects and building trust.
Distribution Network: A robust and efficient sales and distribution network, especially for reaching diverse B2B clients across India.
Customer Relationships: Long-standing relationships with key customers (developers, utilities, industrial clients) can provide sticky business.
Cost Efficiency: Scale of operations or efficient manufacturing processes could lead to cost advantages, allowing for competitive pricing.
Brand Reputation: A strong reputation for reliability and timely delivery, particularly in a segment where safety and durability are paramount.
It is not confirmed if Clenon possesses any singularly strong durable competitive advantage.
Growth Drivers
Key factors that can drive growth for Clenon Enterprises Ltd. over the next 3-5 years include:
Government Infrastructure Spending: Continued investments in power generation, transmission, smart cities, railways, and road networks under initiatives like Gati Shakti.
Real Estate & Construction Boom: Growing demand for residential and commercial spaces due to urbanization and economic growth.
Industrial Expansion: Increased manufacturing activity across various sectors requiring electrical and industrial cabling.
Digital Transformation & Telecom Rollout: Expansion of 5G networks, Fiber-to-the-Home (FTTH), and data centers driving demand for communication cables.
Rural Electrification & Power Grid Modernization: Ongoing projects to enhance electricity access and improve grid efficiency.
Replacement Demand: Upgrading of old and inefficient electrical infrastructure.
Risks
Clenon Enterprises Ltd. faces several business risks:
Raw Material Price Volatility: Fluctuations in the prices of key raw materials like copper, aluminum, and PVC can significantly impact manufacturing costs and profit margins.
Intense Competition: High competition from both organized and unorganized players can lead to pricing pressures and margin erosion.
Economic Slowdown: A downturn in the Indian economy could lead to reduced government spending on infrastructure, lower industrial activity, and a slowdown in the real estate sector, affecting demand.
Regulatory Changes: Changes in environmental regulations, product standards, or import/export duties could impact operations and costs.
Credit Risk: Extended payment cycles from large projects or financial stress in client sectors can lead to working capital challenges and bad debts.
Technological Obsolescence: While less common for basic cables, shifts in power transmission or communication technologies could necessitate R&D investment.
Management & Ownership
As is common for many Indian companies, Clenon Enterprises Ltd. is likely promoter-driven, with the founding family or individuals holding a significant ownership stake and influencing strategic decisions. Without specific details, the quality of management can only be inferred through future financial performance, corporate governance practices, and market perception. The exact ownership structure (promoter vs. institutional vs. public holdings) is not available.
Outlook
Clenon Enterprises Ltd. operates in a foundational sector that is strategically important for India's economic growth and development. The strong tailwinds from government infrastructure spending, urbanization, and industrialization provide a favorable long-term demand outlook for cable manufacturers. However, the company will need to navigate intense competition, manage the volatility of raw material prices, and continuously ensure product quality and a robust distribution network to maintain profitability and market share. Its success will largely depend on its operational efficiency, ability to secure and execute large-scale projects, and adaptability to evolving market demands in a capital-intensive and competitive industry.
| #(Fig in Cr.) | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 2 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 0 |
| Total Income | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 1 | 0 | 2 |
| Total Expenditure | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 2 |
| Operating Profit | 0 | 0 | -0 | -0 | -0 | 1 | -0 | -1 | -1 | -1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 0 | 0 | -0 | -1 | -1 | 1 | -1 | -1 | -1 | -1 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 0 | 0 | -0 | -1 | -1 | 1 | -1 | -1 | -1 | -1 |
| Adjustments | 0 | 0 | 0 | 0 | -0 | 0 | -0 | -0 | 0 | -0 |
| Profit After Adjustments | 0 | 0 | -0 | -1 | -1 | 1 | -1 | -1 | -1 | -1 |
| Adjusted Earnings Per Share | 0 | 0 | -0 | -0.6 | -0.7 | 1.5 | -0.6 | -0.7 | -0.7 | -0.5 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 |
| Total Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 3 |
| Total Expenditure | 0 | 6 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 4 |
| Operating Profit | -0 | -6 | -0 | 0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -3 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -0 | -6 | -0 | 0 | -0 | -0 | -0 | -0 | -0 | -1 | -1 | -4 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -0 | -6 | -0 | 0 | -0 | -0 | -0 | -0 | -0 | -1 | -1 | -4 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -0 | -6 | -0 | 0 | -0 | -0 | -0 | -0 | -0 | -1 | -1 | -4 |
| Adjusted Earnings Per Share | -0.1 | -2 | -0.1 | 0.1 | -0.1 | -0.1 | -0.1 | -0 | -0.1 | -0.7 | -0.8 | -2.5 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 0% | 0% | 0% | 0% |
| Operating Profit CAGR | 0% | 0% | 0% | 0% |
| PAT CAGR | 0% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -31% | NA% | NA% | 48% |
| ROE Average | 0% | 0% | 0% | 0% |
| ROCE Average | -27% | -15% | -9% | -12% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | -4 | -10 | -11 | -10 | -11 | -11 | -11 | -11 | -11 | 8 | 7 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 14 | 10 | 2 | 5 | 5 | 5 | 6 | 5 | 15 | 7 | 8 |
| Other Non-Current Liabilities | -1 | -1 | 7 | 7 | 7 | 7 | 7 | 7 | -0 | 0 | 0 |
| Total Current Liabilities | 0 | 4 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 8 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 4 | 16 | 15 |
| Fixed Assets | 5 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 |
| Other Non-Current Assets | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 2 |
| Total Assets | 8 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 4 | 16 | 15 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 0 | 2 | 0 |
| Cash Flow from Operating Activities | -0 | -6 | -0 | -0 | 0 | 0 | 0 | 1 | 2 | -0 | -0 |
| Cash Flow from Investing Activities | 0 | 6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
| Cash Flow from Financing Activities | 0 | 0 | 0 | -0 | 0 | -0 | 0 | 0 | 0 | -2 | 0 |
| Net Cash Inflow / Outflow | 0 | 0 | 0 | -0 | 0 | -0 | 0 | 1 | 2 | -2 | 2 |
| Closing Cash & Cash Equivalent | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 2 | 0 | 2 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | -0.1 | -2.02 | -0.14 | 0.07 | -0.06 | -0.08 | -0.05 | -0.04 | -0.08 | -0.69 | -0.82 |
| CEPS(Rs) | -0.07 | -2.02 | -0.14 | 0.07 | -0.06 | -0.08 | -0.05 | -0.04 | -0.08 | -0.42 | -0.55 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | -1.53 | -3.56 | -3.69 | -3.62 | -3.68 | -3.77 | -3.82 | -3.86 | -3.94 | -7.24 | -6 |
| Core EBITDA Margin(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EBIT Margin(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre Tax Margin(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PAT Margin (%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Profit Margin (%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| ROA(%) | -3.41 | -110.37 | -17.28 | 9.59 | -8.09 | -11.82 | -7.14 | -6.33 | -8.15 | -6.21 | -4.6 |
| ROE(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| ROCE(%) | -2.95 | -89.19 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -16.73 | -27.45 |
| Receivable days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PER(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Price/Book(x) | -0.21 | -0.17 | -0.17 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -7.11 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Core EBITDA(x) | -75.78 | -2.69 | -18.74 | 173.99 | -207.39 | -173.46 | -237.68 | -266.7 | -180.36 | -91.54 | -149.05 |
| Net Sales Growth(%) | -100 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EBIT Growth(%) | 7.15 | -1998.65 | 93.3 | 150.2 | -184.33 | -45.95 | 39.64 | 11.3 | -79.78 | -76.99 | -27.24 |
| PAT Growth(%) | 7.18 | -1998.65 | 93.3 | 150.2 | -184.33 | -46.05 | 39.59 | 11.35 | -79.59 | -156.12 | -18.78 |
| EPS Growth(%) | 7.22 | -1999.27 | 93.3 | 150.17 | -184.41 | -45.99 | 39.62 | 11.26 | -79.51 | -759.06 | -18.78 |
| Debt/Equity(x) | -3.12 | -1.36 | -0.51 | -0.51 | -0.52 | -0.52 | -0.53 | -0.51 | -1.33 | -1.19 | -1.51 |
| Current Ratio(x) | 29.57 | 0.08 | 0 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 22.75 | 1.32 | 13.58 |
| Quick Ratio(x) | 0.03 | 0 | 0 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 22.75 | 1.32 | 13.58 |
| Interest Cover(x) | 0 | 0 | 0 | 0 | 0 | -1469.19 | -607.01 | -905.9 | 0 | -2.24 | -2.85 |
| Total Debt/Mcap(x) | 14.93 | 8.22 | 2.97 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.21 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 92.86 | 92.86 | 92.86 | 92.86 | 92.86 | 92.86 | 92.86 | 73.12 | 73.12 | 73.12 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.26 | 0.26 | 0.26 | 0.26 | 0.26 | 0.26 | 0.26 | 0 | 0 | 0 |
| Public | 6.88 | 6.88 | 6.88 | 6.88 | 6.88 | 6.88 | 6.88 | 26.88 | 26.88 | 26.88 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.29 | 0.29 | 0.29 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.86 | 0.86 | 0.86 | 0.86 | 0.86 | 0.86 | 0.86 | 1.09 | 1.09 | 1.09 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | — | — | — | — |
| Operating Profit CAGR | — | — | — | — |
| PAT CAGR | — | — | — | — |
| Share Price CAGR | -31% | — | — | +48% |
| ROE Average | 0% | 0% | 0% | 0% |
| ROCE Average | -27% | -15% | -9% | -12% |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 92.86 | 92.86 | 92.86 | 92.86 | 92.86 | 92.86 | 92.86 | 73.12 | 73.12 | 73.12 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.26 | 0.26 | 0.26 | 0.26 | 0.26 | 0.26 | 0.26 | 0 | 0 | 0 |
| Public | 6.88 | 6.88 | 6.88 | 6.88 | 6.88 | 6.88 | 6.88 | 26.88 | 26.88 | 26.88 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.29 | 0.29 | 0.29 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.86 | 0.86 | 0.86 | 0.86 | 0.86 | 0.86 | 0.86 | 1.09 | 1.09 | 1.09 |
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