Finolex Cables Ltd

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

Finolex Cables Ltd

₹ 1,270 -1.60%
13 Dec - 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 ₹ 19,429 Cr.
  • Current Price ₹ 1,270
  • High / Low ₹ 1,700 / 831
  • Stock P/E 27.8
  • Book Value ₹ 339
  • Dividend Yield 0.63 %
  • ROCE 18.5 %
  • ROE 14.0 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 18.4%
  • Company's working capital requirements have reduced from 116 days to 68.3 days

Cons

  • Earnings include an other income of Rs.434 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

Part of Nifty500 Multicap India Manufacturing 50:30:20 BSE Industrials BSE 500 Nifty 500 Nifty Smallcap 100

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
933 973 1,187 1,016 1,091 1,150 1,224 1,204 1,187 1,222 1,401 1,230 1,312
813 854 1,067 897 1,026 1,004 1,079 1,058 1,041 1,088 1,239 1,104 1,206
Operating Profit 120 119 120 119 64 146 146 146 146 134 162 127 106
OPM % 13% 12% 10% 12% 6% 13% 12% 12% 12% 11% 12% 10% 8%
91 71 177 44 26 54 98 74 72 75 100 202 57
Interest 0 0 1 0 0 0 1 0 0 0 1 0 0
Depreciation 10 10 9 9 11 11 15 10 11 11 12 11 12
Profit before tax 201 179 287 153 79 189 228 210 206 198 250 318 151
Tax % 28% 20% 22% 22% 30% 18% 23% 24% 25% 24% 25% 23% 22%
145 143 224 120 55 154 175 160 154 151 186 244 118
EPS in Rs 9.47 9.35 14.68 7.82 3.62 10.09 11.44 10.49 10.08 9.87 12.17 15.95 7.71
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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 Mar 2024 TTM
2,360 2,445 2,815 3,078 2,877 2,768 3,768 4,481 5,014 5,165
2,002 2,049 2,374 2,604 2,494 2,398 3,339 3,972 4,426 4,637
Operating Profit 358 396 441 474 384 370 429 509 588 528
OPM % 15% 16% 16% 15% 13% 13% 11% 11% 12% 10%
125 160 153 178 169 300 398 188 321 434
Interest 9 4 1 1 2 1 2 1 2 2
Depreciation 58 48 44 41 39 39 39 46 44 45
Profit before tax 416 504 549 610 512 631 787 649 864 916
Tax % 21% 21% 40% 33% 24% 27% 24% 22% 25%
329 400 330 407 391 461 599 504 652 699
EPS in Rs 21.49 26.17 21.58 26.64 25.57 30.17 39.18 32.97 42.61 45.70
Dividend Payout % 14% 11% 19% 17% 22% 18% 15% 21% 19%
Compounded Sales Growth
10 Years: %
5 Years: 10%
3 Years: 22%
TTM: 8%
Compounded Profit Growth
10 Years: %
5 Years: 10%
3 Years: 12%
TTM: 9%
Stock Price CAGR
10 Years: 18%
5 Years: 28%
3 Years: 31%
1 Year: 13%
Return on Equity
10 Years: %
5 Years: 14%
3 Years: 14%
Last Year: 14%

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 Mar 2024 Sep 2024
Equity Capital 31 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 4,915 5,161
51 1 1 1 8 7 9 14 18 19
272 297 354 417 395 464 563 596 671 891
Total Liabilities 2,099 2,440 2,784 3,154 3,407 3,886 4,494 4,980 5,635 6,101
432 415 409 404 387 394 380 435 444 490
CWIP 3 8 5 10 27 26 87 21 168 205
Investments 881 1,159 1,523 1,767 1,121 1,571 2,014 2,610 3,584 3,955
783 857 847 973 1,872 1,894 2,013 1,915 1,439 1,452
Total Assets 2,099 2,440 2,784 3,154 3,407 3,886 4,494 4,980 5,635 6,101

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 Mar 2024
339 213 236 154 309 114 473 356 577
-195 -126 -134 -110 587 -859 -378 -225 -440
-64 -75 -57 -75 -86 -86 -87 -97 -112
Net Cash Flow 81 11 44 -30 810 -831 8 35 26

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 19 19 23 25 24 23 17 18 13
Inventory Days 70 98 90 95 104 134 80 69 53
Days Payable 19 40 32 34 28 31 23 21 22
Cash Conversion Cycle 70 76 80 86 100 126 74 66 45
Working Capital Days 45 52 60 73 83 202 159 120 68
ROCE % 26% 24% 24% 18% 20% 21% 16% 19%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
35.92% 35.92% 35.92% 35.92% 35.92% 35.92% 35.92% 35.92% 35.92% 35.92% 35.86% 35.86%
9.37% 9.36% 9.25% 9.74% 10.22% 10.78% 11.25% 11.77% 11.06% 11.58% 11.64% 11.32%
16.47% 15.73% 15.28% 18.31% 18.10% 17.03% 15.56% 15.58% 15.93% 15.87% 16.83% 16.73%
38.24% 39.00% 39.56% 36.04% 35.77% 36.28% 37.27% 36.73% 37.09% 36.65% 35.66% 36.10%
No. of Shareholders 81,19090,84297,01299,80894,6521,00,1231,25,3441,28,5131,25,3511,28,4401,12,0711,24,788

* 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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Documents

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