Finolex Cables Ltd

Finolex Cables is principally engaged in the manufacturing of Electricals Cables, Communication Cables &other electrical appliances.

Pros:
Company has reduced debt.
Company is virtually debt free.
Cons:
The company has delivered a poor growth of 4.39% over past five years.

Peer Comparison Sector: Cables // Industry: Cables - Power

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019
551 562 622 709 674 702 657 796 791 714 750 823
461 463 542 608 564 603 559 681 661 628 640 697
Operating Profit 90 100 80 101 110 99 98 115 130 86 110 126
OPM % 16% 18% 13% 14% 16% 14% 15% 14% 16% 12% 15% 15%
Other Income 14 55 17 14 31 55 18 24 20 58 19 24
Interest 1 1 1 1 0 0 0 1 0 0 0 0
Depreciation 12 12 12 13 12 11 11 10 10 11 10 10
Profit before tax 91 142 84 102 130 142 105 128 140 133 119 140
Tax % 26% 26% 18% 26% 21% 30% 29% 36% 35% 30% 36% 39%
Net Profit 67 105 68 75 102 100 75 82 90 93 76 85
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 TTM
1,036 1,382 1,342 1,619 2,036 2,064 2,271 2,359 2,449 2,360 2,445 2,815 3,078
916 1,248 1,272 1,434 1,864 1,892 2,045 2,111 2,189 2,021 2,073 2,393 2,626
Operating Profit 120 134 69 185 171 172 226 248 260 339 371 422 452
OPM % 12% 10% 5% 11% 8% 8% 10% 11% 11% 14% 15% 15% 15%
Other Income 20 33 -28 -40 -6 3 5 59 81 64 100 127 122
Interest 16 20 32 19 19 26 13 14 14 9 4 1 1
Depreciation 26 26 39 37 39 39 47 48 64 58 48 44 41
Profit before tax 97 120 -30 89 107 109 171 244 263 336 419 504 532
Tax % 29% 26% -18% 35% 19% 10% 15% 15% 25% 26% 25% 29%
Net Profit 69 89 -35 58 87 98 145 208 199 249 316 358 344
EPS in Rs 4.27 5.56 0.00 3.67 5.56 6.29 9.30 13.31 12.62 15.90 20.65 23.42
Dividend Payout % 31% 26% -9% 16% 12% 12% 13% 12% 14% 15% 15% 17%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:7.37%
5 Years:4.39%
3 Years:4.75%
TTM:8.80%
Compounded Profit Growth
10 Years:14.83%
5 Years:17.42%
3 Years:29.11%
TTM:-3.94%
Return on Equity
10 Years:16.45%
5 Years:17.03%
3 Years:17.37%
Last Year:17.60%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
31 31 31 31 31 31 31 31 31 31 31 31 31
Reserves 549 611 566 613 687 770 894 1,073 1,234 1,565 1,847 2,163 2,409
Borrowings 265 288 296 275 260 172 181 147 127 51 1 1 0
412 219 204 225 244 245 303 318 248 282 314 294 329
Total Liabilities 1,257 1,148 1,096 1,143 1,222 1,217 1,408 1,569 1,639 1,928 2,193 2,489 2,769
203 206 416 419 403 429 412 496 464 432 415 409 404
CWIP 105 173 40 29 19 12 36 11 7 3 8 5 10
Investments 283 317 314 280 245 237 324 403 494 700 896 1,215 1,382
666 453 326 415 555 539 636 659 675 793 874 860 973
Total Assets 1,257 1,148 1,096 1,143 1,222 1,217 1,408 1,569 1,639 1,928 2,193 2,489 2,769

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
108 97 242 99 34 206 149 224 183 276 213 236
-90 -70 -93 -19 -25 -30 -32 -67 -186 -127 -126 -134
21 49 -146 -112 -73 -166 -46 -61 -39 -68 -75 -57
Net Cash Flow 38 76 4 -33 -65 10 71 96 -43 81 11 44

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
ROCE % 14% 16% 9% 19% 17% 17% 20% 20% 18% 21% 24% 25%
Debtor Days 28 28 16 16 23 20 24 22 18 19 19 23
Inventory Turnover 5.17 6.45 7.07 8.88 8.11 7.35 7.44 6.92 7.30 7.29 6.18 5.86