Finolex Cables Ltd
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]
- Market Cap ₹ 12,545 Cr.
- Current Price ₹ 820
- High / Low ₹ 1,559 / 720
- Stock P/E 22.4
- Book Value ₹ 301
- Dividend Yield 0.98 %
- ROCE 16.2 %
- ROE 12.4 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 21.7%
Cons
- Company has a low return on equity of 13.6% over last 3 years.
- Earnings include an other income of Rs.255 Cr.
- Working capital days have increased from 138 days to 225 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 BSE Capital Goods Nifty 500 BSE SmallCap BSE Allcap
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | 4,805 | 4,959 | |
Operating Profit | 248 | 260 | 339 | 371 | 423 | 455 | 370 | 355 | 416 | 496 | 581 | 514 | 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 | 248 | 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: | 13% |
5 Years: | 24% |
3 Years: | 21% |
1 Year: | -44% |
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 | 584 | |
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 | 225 |
ROCE % | 20% | 18% | 21% | 24% | 25% | 23% | 19% | 14% | 17% | 19% | 19% | 16% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
19 Aug - Transcript of analyst/ investors meet held on 14th August, 2025 at 16:00 PM
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
16 Aug - Audio/video recordings of Q1 FY26 earnings meet available on company website.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
14 Aug - Finolex Cables Q1 FY26: 13% YoY revenue growth, Rs.139 Cr PAT, segment-wise performance detailed.
- Results - Unaudited Financial Results For Quarter Ended 30Th June 2025 12 Aug
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Board Meeting Outcome for Board Meeting Outcome
12 Aug - Finolex Cables Q1 FY26 revenue Rs1395.5Cr, PAT Rs138.8Cr, 13% growth; expansion delayed to Q4.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from nse
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Financial Year 2011
from bse
Concalls
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Aug 2025Transcript PPT
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Jun 2025Transcript PPT
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT REC
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022TranscriptNotesPPT
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Jun 2022Transcript PPT
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Nov 2021Transcript PPT
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Jul 2021TranscriptNotesPPT
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Feb 2021TranscriptNotesPPT
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Nov 2020Transcript PPT
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Aug 2020TranscriptNotesPPT
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Jun 2020Transcript PPT
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Feb 2020TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Aug 2019Transcript PPT
Market Share[1]
As of FY24, they have 24.9% market share in the organized wire industry