Finolex Cables Ltd

Finolex Cables Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Finolex Cables Ltd

₹ 845 -1.21%
16 Sep - close price
finolex.com BSE: 500144 NSE: FINCABLES
About

Finolex Cables Limited is a leading manufacturer of electrical and telecommunication cables in India. Operating for more than 50 years, Finolex has been able to maintain its leadership position as one of the most diversified wires and cables companies in the country.

Besides manufacturing a wide variety of wires and cables, Finolex has also forayed into the manufacturing of Fast-Moving Electrical Goods (FMEG) and home appliances. Over the years, the Company has established itself as a preferred electrical solutions provider for retail and institutional markets in India and created a strong brand name. [1]

Key Points

Market Share[1]
As of FY24, they have 24.9% market share in the organized wire industry​

Website BSE NSE
  • Market Cap ₹ 12,906 Cr.
  • Current Price ₹ 845
  • High / Low ₹ 1,559 / 720
  • Stock P/E 23.0
  • Book Value ₹ 301
  • Dividend Yield 0.95 %
  • ROCE 16.2 %
  • ROE 12.4 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 21.7%
  • Company's working capital requirements have reduced from 82.4 days to 59.2 days

Cons

  • Company has a low return on equity of 13.6% over last 3 years.
  • Earnings include an other income of Rs.255 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Industrials Capital Goods Industrial Products Cables - Electricals

Part of BSE 500 BSE Capital Goods Nifty 500 BSE SmallCap BSE Allcap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
1,016 1,091 1,150 1,224 1,204 1,187 1,222 1,401 1,230 1,312 1,182 1,595 1,396
902 998 1,009 1,077 1,060 1,043 1,089 1,242 1,110 1,213 1,053 1,428 1,265
Operating Profit 114 93 141 148 144 144 133 159 120 99 129 166 131
OPM % 11% 9% 12% 12% 12% 12% 11% 11% 10% 8% 11% 10% 9%
17 106 33 42 39 85 45 50 46 102 45 55 54
Interest 0 0 0 1 0 0 0 1 0 0 0 0 0
Depreciation 9 11 11 15 10 11 11 12 11 12 12 12 14
Profit before tax 121 188 163 174 172 217 167 196 156 188 162 208 171
Tax % 21% 27% 17% 22% 23% 24% 23% 25% 21% 22% 23% 27% 19%
96 137 135 135 132 165 128 146 123 146 124 152 139
EPS in Rs 6.25 8.94 8.82 8.80 8.65 10.81 8.35 9.56 8.01 9.55 8.10 9.93 9.08
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
2,359 2,449 2,360 2,445 2,815 3,078 2,877 2,768 3,768 4,481 5,014 5,319 5,484
2,111 2,189 2,021 2,073 2,392 2,622 2,507 2,413 3,352 3,986 4,434 4,803 4,959
Operating Profit 248 260 339 371 423 455 370 355 416 496 581 516 525
OPM % 11% 11% 14% 15% 15% 15% 13% 13% 11% 11% 12% 10% 10%
59 81 64 100 127 118 172 77 151 198 218 246 255
Interest 14 14 9 4 1 1 2 1 2 1 2 2 2
Depreciation 48 64 58 48 44 41 39 39 39 46 44 47 50
Profit before tax 244 263 336 419 504 532 501 392 527 646 753 714 729
Tax % 15% 25% 26% 25% 29% 35% 20% 28% 23% 22% 24% 24%
208 199 249 316 358 344 402 283 405 502 572 544 561
EPS in Rs 13.58 12.99 16.27 20.65 23.42 22.50 26.32 18.50 26.46 32.81 37.37 35.60 36.66
Dividend Payout % 12% 14% 15% 15% 17% 20% 21% 30% 23% 21% 21% 22%
Compounded Sales Growth
10 Years: 8%
5 Years: 13%
3 Years: 12%
TTM: 9%
Compounded Profit Growth
10 Years: 13%
5 Years: 6%
3 Years: 10%
TTM: 0%
Stock Price CAGR
10 Years: 14%
5 Years: 24%
3 Years: 22%
1 Year: -40%
Return on Equity
10 Years: 14%
5 Years: 13%
3 Years: 14%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 31 31 31 31 31 31 31 31 31 31 31 31
Reserves 1,073 1,234 1,565 1,847 2,163 2,409 2,688 2,920 3,233 3,679 4,175 4,569
147 127 51 1 1 1 8 7 9 14 18 20
314 242 272 297 281 329 285 294 328 360 404 451
Total Liabilities 1,564 1,634 1,918 2,176 2,476 2,769 3,012 3,252 3,600 4,083 4,628 5,071
496 464 432 415 409 404 387 394 380 435 444 583
CWIP 11 7 3 8 5 10 27 26 87 21 168 210
Investments 403 494 700 896 1,215 1,382 726 937 1,120 1,713 2,576 2,770
654 669 783 857 847 973 1,872 1,894 2,013 1,915 1,439 1,507
Total Assets 1,564 1,634 1,918 2,176 2,476 2,769 3,012 3,252 3,600 4,083 4,628 5,071

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
224 183 276 213 236 154 309 114 473 356 577 207
-67 -186 -127 -126 -134 -110 587 -859 -378 -225 -440 -82
-61 -39 -68 -75 -57 -75 -86 -86 -87 -97 -112 -128
Net Cash Flow 96 -43 81 11 44 -30 810 -831 8 35 26 -3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 22 18 19 19 23 25 24 23 17 18 13 17
Inventory Days 74 65 70 98 90 95 104 134 80 69 53 61
Days Payable 11 13 19 40 32 34 28 31 23 21 22 21
Cash Conversion Cycle 86 69 70 76 80 86 100 126 74 66 45 57
Working Capital Days 40 34 45 50 60 73 82 202 159 120 68 59
ROCE % 20% 18% 21% 24% 25% 23% 19% 14% 17% 19% 19% 16%

Shareholding Pattern

Numbers in percentages

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
35.92% 35.92% 35.92% 35.92% 35.92% 35.92% 35.92% 35.86% 35.86% 35.86% 35.86% 35.86%
9.74% 10.22% 10.78% 11.25% 11.77% 11.06% 11.58% 11.64% 11.32% 10.99% 10.57% 10.67%
18.31% 18.10% 17.03% 15.56% 15.58% 15.93% 15.87% 16.83% 16.73% 16.25% 16.07% 15.57%
36.04% 35.77% 36.28% 37.27% 36.73% 37.09% 36.65% 35.66% 36.10% 36.91% 37.50% 37.92%
No. of Shareholders 99,80894,6521,00,1231,25,3441,28,5131,25,3511,28,4401,12,0711,24,7881,37,3111,57,5331,59,021

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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