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Cybele Industries


Cybele Industries is a manufacturer of cables – it supplies all types of cables to various industry segments including power cord, power cable, railway cables etc. 

The company has  not generated any operating profits in the last five years – losing about 30 lacs on revenues of 56 lacs in the last financial year.  It didn’t have much debt but had negative profit reserves eating into its net worth.

The company lost its equity and was referred to the BIFR and the business is subject to heavy competition from the unorganised sector.

Needless to say, management haven’t declared any dividends in any of the last five years as a result of the poor financial performance.

Any turnaround possibility in the business appears to be speculative at this point in time.
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