Finolex Cables Ltd

Finolex Cables Ltd

₹ 956 -0.25%
04 Mar 3:51 p.m.
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 Q1FY24, company enjoys 22% market share in the organised wire industry.

  • Market Cap 14,622 Cr.
  • Current Price 956
  • High / Low 1,219 / 740
  • Stock P/E 22.8
  • Book Value 301
  • Dividend Yield 0.75 %
  • ROCE 15.6 %
  • ROE 12.2 %
  • Face Value 2.00

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 18.3%
  • Company's working capital requirements have reduced from 160 days to 120 days

Cons

  • Earnings include an other income of Rs.319 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

Sector: Cables Industry: Cables - Power

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
830 921 675 933 973 1,187 1,016 1,091 1,150 1,224 1,204 1,187 1,222
721 786 605 813 854 1,067 897 1,026 1,004 1,079 1,058 1,041 1,088
Operating Profit 109 135 70 120 119 120 119 64 146 146 146 146 134
OPM % 13% 15% 10% 13% 12% 10% 12% 6% 13% 12% 12% 12% 11%
102 108 59 91 71 177 44 26 54 98 74 72 75
Interest 0 0 0 0 0 1 0 0 0 1 0 0 0
Depreciation 8 11 10 10 10 9 9 11 11 15 10 11 11
Profit before tax 202 232 120 201 179 287 153 79 189 228 210 206 198
Tax % 27% 28% 27% 28% 20% 22% 22% 30% 18% 23% 24% 25% 24%
147 168 87 145 143 224 120 55 154 175 160 154 151
EPS in Rs 9.61 10.96 5.68 9.47 9.35 14.68 7.82 3.62 10.09 11.44 10.49 10.08 9.87
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
2,360 2,445 2,815 3,078 2,877 2,768 3,768 4,481 4,838
2,002 2,049 2,374 2,604 2,494 2,398 3,339 3,972 4,266
Operating Profit 358 396 441 474 384 370 429 509 572
OPM % 15% 16% 16% 15% 13% 13% 11% 11% 12%
125 160 153 178 169 300 398 188 319
Interest 9 4 1 1 2 1 2 1 2
Depreciation 58 48 44 41 39 39 39 46 47
Profit before tax 416 504 549 610 512 631 787 649 842
Tax % 21% 21% 40% 33% 24% 27% 24% 22%
329 400 330 407 391 461 599 504 641
EPS in Rs 21.49 26.17 21.58 26.64 25.57 30.17 39.18 32.97 41.88
Dividend Payout % 14% 11% 19% 17% 22% 18% 15% 21%
Compounded Sales Growth
10 Years: %
5 Years: 10%
3 Years: 16%
TTM: 9%
Compounded Profit Growth
10 Years: %
5 Years: 9%
3 Years: 9%
TTM: 16%
Stock Price CAGR
10 Years: 27%
5 Years: 17%
3 Years: 34%
1 Year: 24%
Return on Equity
10 Years: %
5 Years: 14%
3 Years: 14%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 31 31 31 31 31 31 31 31 31
Reserves 1,745 2,110 2,398 2,706 2,973 3,384 3,891 4,340 4,569
51 1 1 1 8 7 9 14 19
272 297 354 417 395 464 563 596 719
Total Liabilities 2,099 2,440 2,784 3,154 3,407 3,886 4,494 4,980 5,337
432 415 409 404 387 394 380 435 448
CWIP 3 8 5 10 27 26 87 21 23
Investments 881 1,159 1,523 1,767 1,121 1,571 2,014 2,610 3,231
783 857 847 973 1,872 1,894 2,013 1,915 1,635
Total Assets 2,099 2,440 2,784 3,154 3,407 3,886 4,494 4,980 5,337

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
339 213 236 154 309 114 473 356
-195 -126 -134 -110 587 -859 -378 -225
-64 -75 -57 -75 -86 -86 -87 -97
Net Cash Flow 81 11 44 -30 810 -831 8 35

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 19 19 23 25 24 23 17 18
Inventory Days 70 98 90 95 104 134 80 69
Days Payable 19 40 32 34 28 31 23 21
Cash Conversion Cycle 70 76 80 86 100 126 74 66
Working Capital Days 45 52 60 73 83 202 159 120
ROCE % 26% 24% 24% 18% 20% 21% 16%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
35.92% 35.92% 35.92% 35.92% 35.92% 35.92% 35.92% 35.92% 35.92% 35.92% 35.92% 35.92%
8.36% 9.29% 9.12% 9.37% 9.36% 9.25% 9.74% 10.22% 10.78% 11.25% 11.77% 11.06%
18.11% 16.60% 16.22% 16.47% 15.73% 15.28% 18.31% 18.10% 17.03% 15.56% 15.58% 15.93%
37.61% 38.20% 38.75% 38.24% 39.00% 39.56% 36.04% 35.77% 36.28% 37.27% 36.73% 37.09%
No. of Shareholders 65,57673,51880,26681,19090,84297,01299,80894,6521,00,1231,25,3441,28,5131,25,351

* 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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