ELEC – Record EBIT, Zero Cash & Massive Debt Electro Cable EgyptEGX_DLY:ELECmnmabroukw36ix ELEC – Record EBIT, Zero Cash & Massive Debt 📉🔌 • The Reality: ELEC is an industrial giant with a "Liquidity Crisis." While EBIT is at record levels, the cash conversion is terrible only 38 piasters of every EGP 1.00 profit actually hit the bank. The rest is stuck in a massive EGP 1.9B receivables hole, signaling a major collection lag from mega-projects. 🕳️💸 • The Debt Trap: With EGP 4.8B in liabilities and a staggering 299% Debt-to-Equity ratio, ELEC is drowning in leverage. 🌊⚓ In Egypt's high-interest environment, financing costs are eating the thin 4.73% net margin alive. One spike in global copper or aluminum prices could turn that margin into a loss. 📉🔥 • The Strategy: The chart is a "Recovery Illusion." 🪄 price stabilized at the 52-week low (~2.00) after an institutional exodus. While exiting a Bollinger Band squeeze shows a spark of life, it's still trapped under the 2.28 main resistance and the 200MA (2.61). 🧱🚫 • Sharia Status: ❌ Non-Compliant. ELEC fails the quantitative financial screens for the EGX33 Sharia Index (April 2026) due to its high debt levels. ☪️🚫 Verdict: A Big Pass. High leverage, poor cash flow, and zero institutional interest. Don't let a "cheap" price lure you into a debt-heavy industrial laggard. 🛡️⚖️ If you like my posts, please follow and boost 🙌 🎁 Get a $15 discount on your next subscription: 🔗 https://www.tradingview.com/pricing/?share_your_love=mnmabroukw36ix ✨💸