Finolex Cables Ltd

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

Finolex Cables Ltd

₹ 1,136 -3.48%
29 May - 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 ₹ 17,378 Cr.
  • Current Price ₹ 1,136
  • High / Low ₹ 1,185 / 701
  • Stock P/E 27.9
  • Book Value ₹ 333
  • Dividend Yield 0.70 %
  • ROCE 16.6 %
  • ROE 12.8 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.

Cons

  • Company has a low return on equity of 13.1% over last 3 years.
  • Earnings include an other income of Rs.238 Cr.
  • Dividend payout has been low at 14.6% of profits over last 3 years
  • Working capital days have increased from 99.1 days to 170 days

* 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 Nifty 500 Nifty500 Shariah BSE Industrials BSE 250 SmallCap Index

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
1,224 1,204 1,187 1,222 1,401 1,230 1,312 1,182 1,595 1,396 1,376 1,599 1,951
1,077 1,060 1,043 1,089 1,242 1,110 1,213 1,053 1,428 1,265 1,233 1,446 1,748
Operating Profit 148 144 144 133 159 120 99 129 166 131 143 153 203
OPM % 12% 12% 12% 11% 11% 10% 8% 11% 10% 9% 10% 10% 10%
42 39 85 45 50 46 102 45 55 54 110 41 33
Interest 1 0 0 0 1 0 0 0 0 0 0 0 0
Depreciation 15 10 11 11 12 11 12 12 12 14 14 15 17
Profit before tax 174 172 217 167 196 156 188 162 208 171 239 179 219
Tax % 22% 23% 24% 23% 25% 21% 22% 23% 27% 19% 22% 24% 26%
135 132 165 128 146 123 146 124 152 139 187 136 161
EPS in Rs 8.80 8.65 10.81 8.35 9.56 8.01 9.55 8.10 9.93 9.08 12.22 8.89 10.54
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
2,449 2,360 2,445 2,815 3,078 2,877 2,768 3,768 4,481 5,014 5,319 6,321
2,189 2,021 2,073 2,392 2,622 2,507 2,413 3,352 3,986 4,434 4,803 5,691
Operating Profit 260 339 371 423 455 370 355 416 496 581 516 630
OPM % 11% 14% 15% 15% 15% 13% 13% 11% 11% 12% 10% 10%
81 64 100 127 118 172 77 151 198 218 246 238
Interest 14 9 4 1 1 2 1 2 1 2 2 2
Depreciation 64 58 48 44 41 39 39 39 46 44 47 59
Profit before tax 263 336 419 504 532 501 392 527 646 753 714 807
Tax % 25% 26% 25% 29% 35% 20% 28% 23% 22% 24% 24% 23%
199 249 316 358 344 402 283 405 502 572 544 623
EPS in Rs 12.99 16.27 20.65 23.42 22.50 26.32 18.50 26.46 32.81 37.37 35.60 40.73
Dividend Payout % 14% 15% 15% 17% 20% 21% 30% 23% 21% 21% 22% 0%
Compounded Sales Growth
10 Years: 10%
5 Years: 18%
3 Years: 12%
TTM: 19%
Compounded Profit Growth
10 Years: 10%
5 Years: 17%
3 Years: 7%
TTM: 14%
Stock Price CAGR
10 Years: 13%
5 Years: 21%
3 Years: 12%
1 Year: 17%
Return on Equity
10 Years: 14%
5 Years: 13%
3 Years: 13%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 31 31 31 31 31 31 31 31 31 31 31 31
Reserves 1,234 1,565 1,847 2,163 2,409 2,688 2,920 3,233 3,679 4,175 4,569 5,068
127 51 1 1 1 8 7 9 14 18 20 19
242 272 297 281 329 285 294 328 360 404 451 534
Total Liabilities 1,634 1,918 2,176 2,476 2,769 3,012 3,252 3,600 4,083 4,628 5,071 5,652
464 432 415 409 404 387 394 380 435 444 583 850
CWIP 7 3 8 5 10 27 26 87 21 168 210 105
Investments 494 700 896 1,215 1,382 726 937 1,120 1,713 2,576 2,770 2,858
669 783 857 847 973 1,872 1,894 2,013 1,915 1,439 1,507 1,840
Total Assets 1,634 1,918 2,176 2,476 2,769 3,012 3,252 3,600 4,083 4,628 5,071 5,652

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
183 276 213 236 154 309 114 473 356 577 207 49
-186 -127 -126 -134 -110 587 -859 -378 -225 -440 -82 153
-39 -68 -75 -57 -75 -86 -86 -87 -97 -112 -128 -129
Net Cash Flow -43 81 11 44 -30 810 -831 8 35 26 -3 73
Free Cash Flow 151 263 178 199 110 277 59 406 325 358 -28 -105
CFO/OP 89% 102% 92% 88% 69% 113% 65% 146% 98% 127% 68% 31%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 18 19 19 23 25 24 23 17 18 13 17 21
Inventory Days 65 70 98 90 95 104 134 80 69 53 61 73
Days Payable 13 19 40 32 34 28 31 23 21 22 21 16
Cash Conversion Cycle 69 70 76 80 86 100 126 74 66 45 57 78
Working Capital Days 34 45 50 60 73 83 202 159 120 68 59 170
ROCE % 18% 21% 24% 25% 23% 19% 14% 17% 19% 19% 16% 17%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2025
Electrical Cables Production Volume
Metric Tonnes (MT)

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Metal-based Communication Cables Production Volume
Metric Tonnes (MT)
Optic Fiber Cables (OFC) Production/Sales Volume
Fiber Kilometre (FKM)
Channel Partners / Distributors
Number
Retailer Touchpoints / Reach
Number
Optic Fiber Cabling Capacity
Million FKM / Year
Electrical Cables Capacity Utilization
Percentage
Net Working Capital Days
Days

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
35.92% 35.92% 35.92% 35.92% 35.86% 35.86% 35.86% 35.86% 35.86% 35.86% 35.86% 35.86%
11.25% 11.77% 11.06% 11.58% 11.64% 11.32% 10.99% 10.57% 10.67% 9.90% 9.42% 9.62%
15.56% 15.58% 15.93% 15.87% 16.83% 16.73% 16.25% 16.07% 15.57% 15.88% 15.77% 16.44%
37.27% 36.73% 37.09% 36.65% 35.66% 36.10% 36.91% 37.50% 37.92% 38.36% 38.96% 38.10%
No. of Shareholders 1,25,3441,28,5131,25,3511,28,4401,12,0711,24,7881,37,3111,57,5331,59,0211,76,3531,89,7111,82,413

* 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.

Click on the line-items to see the names of individual entities.

Documents

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Credit ratings

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