Finolex Cables Ltd

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Finolex Cables Ltd

₹ 1,232 -5.85%
09 Nov - 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

Product Portfolio[1] [2]
The company offers electrical, communication, and power distribution cables. It is also present in electrical switches, LED (light-emitting diode)-based lighting products, fans, miniature circuit breakers, water heater segments, conduit pipes, and irons. Its products are used in the residential, commercial, infrastructure, and industrial sectors.

Website BSE NSE
  • Market Cap ₹ 18,838 Cr.
  • Current Price ₹ 1,232
  • High / Low ₹ 1,499 / 701
  • Stock P/E 20.7
  • Book Value ₹ 424
  • Dividend Yield 0.73 %
  • ROCE 16.0 %
  • ROE 12.3 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 18.5%

Cons

  • Company has a low return on equity of 13.2% over last 3 years.
  • Earnings include an other income of Rs.375 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

Industrials Capital Goods Industrial Products Cables - Electricals

Part of BSE 500 Nifty 500 BSE Industrials BSE 250 SmallCap Index BSE 400 MidSmallCap Index

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
1,187 1,222 1,401 1,230 1,312 1,182 1,595 1,396 1,376 1,599 1,951 2,013 2,269
1,041 1,088 1,239 1,104 1,206 1,044 1,424 1,259 1,231 1,441 1,771 1,769 1,958
Operating Profit 146 134 162 127 106 138 171 136 145 158 180 244 311
OPM % 12% 11% 12% 10% 8% 12% 11% 10% 11% 10% 9% 12% 14%
72 75 100 202 57 67 104 80 76 74 140 92 69
Interest 0 0 1 0 0 0 0 0 0 0 0 0 1
Depreciation 11 11 12 11 12 12 12 14 14 15 17 22 23
Profit before tax 206 198 250 318 151 193 261 203 206 216 303 314 357
Tax % 25% 24% 25% 23% 22% 24% 27% 20% 21% 24% 26% 21% 23%
154 151 186 244 118 147 192 163 163 164 224 249 273
EPS in Rs 10.08 9.87 12.17 15.95 7.71 9.63 12.54 10.63 10.63 10.73 14.67 16.28 17.84
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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 Mar 2025 Mar 2026 TTM
2,360 2,445 2,815 3,078 2,877 2,768 3,768 4,481 5,014 5,319 6,321 7,832
2,002 2,049 2,374 2,604 2,494 2,398 3,339 3,972 4,426 4,776 5,701 6,939
Operating Profit 358 396 441 474 384 370 429 509 588 543 620 893
OPM % 15% 16% 16% 15% 13% 13% 11% 11% 12% 10% 10% 11%
125 160 153 178 169 300 398 188 321 428 370 375
Interest 9 4 1 1 2 1 2 1 2 2 2 2
Depreciation 58 48 44 41 39 39 39 46 44 47 59 76
Profit before tax 416 504 549 610 512 631 787 649 864 922 929 1,191
Tax % 21% 21% 40% 33% 24% 27% 24% 22% 25% 24% 23%
329 400 330 407 391 461 599 504 652 701 714 910
EPS in Rs 21.49 26.17 21.58 26.64 25.57 30.17 39.18 32.97 42.61 45.82 46.67 59.52
Dividend Payout % 14% 11% 19% 17% 22% 18% 15% 21% 19% 17% 19%
Compounded Sales Growth
10 Years: 10%
5 Years: 18%
3 Years: 12%
TTM: 41%
Compounded Profit Growth
10 Years: 9%
5 Years: 9%
3 Years: 12%
TTM: 37%
Stock Price CAGR
10 Years: 11%
5 Years: 20%
3 Years: 10%
1 Year: 61%
Return on Equity
10 Years: 14%
5 Years: 14%
3 Years: 13%
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 Mar 2024 Mar 2025 Mar 2026 Sep 2026
Equity Capital 31 31 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 5,465 6,055 6,453
51 1 1 1 8 7 9 14 18 20 19 27
272 297 354 417 395 464 563 596 671 771 885 1,098
Total Liabilities 2,099 2,440 2,784 3,154 3,407 3,886 4,494 4,980 5,635 6,287 6,990 7,609
432 415 409 404 387 394 380 435 444 583 848 914
CWIP 3 8 5 10 27 26 87 21 168 210 107 89
Investments 881 1,159 1,523 1,767 1,121 1,571 2,014 2,610 3,584 3,986 4,195 4,084
783 857 847 973 1,872 1,894 2,013 1,915 1,439 1,507 1,840 2,522
Total Assets 2,099 2,440 2,784 3,154 3,407 3,886 4,494 4,980 5,635 6,287 6,990 7,609

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 Mar 2025 Mar 2026
339 213 236 154 309 114 473 356 577 207 49
-195 -126 -134 -110 587 -859 -378 -225 -440 -82 153
-64 -75 -57 -75 -86 -86 -87 -97 -112 -128 -129
Net Cash Flow 81 11 44 -30 810 -831 8 35 26 -3 73
Free Cash Flow 327 178 199 110 277 59 406 325 577 -29 -105
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 114% 86% 84% 67% 109% 63% 141% 96% 125% 64% 32%

Ratios

Consolidated / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 19 19 23 25 24 23 17 18 13 17 21
Inventory Days 70 98 90 95 104 134 80 69 53 61 73
Days Payable 19 40 32 34 28 31 23 21 22 21 16
Cash Conversion Cycle 70 76 80 86 100 126 74 66 45 57 78
Working Capital Days 45 52 60 73 82 202 159 120 68 59 62
ROCE % 26% 24% 24% 18% 20% 21% 16% 19% 18% 16%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Electrical Cables Sales Volume
MT ・Standalone data

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Optic Fibre Cable (OFC) Sales Volume
FKM (fiber km) ・Standalone data
FMEG / Other Products Segment Revenue
Rs Cr ・Standalone data
Retail Touchpoints (Retailers)
count ・Standalone data
Optic Fibre Cable Fiber Drawing Capacity
million fiber km per year ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
35.92% 35.92% 35.86% 35.86% 35.86% 35.86% 35.86% 35.86% 35.86% 35.86% 35.86% 35.86%
11.06% 11.58% 11.64% 11.32% 10.99% 10.57% 10.67% 9.90% 9.42% 9.62% 9.65% 9.63%
15.93% 15.87% 16.83% 16.73% 16.25% 16.07% 15.57% 15.88% 15.77% 16.44% 16.71% 16.93%
37.09% 36.65% 35.66% 36.10% 36.91% 37.50% 37.92% 38.36% 38.96% 38.10% 37.80% 37.60%
No. of Shareholders 1,25,3511,28,4401,12,0711,24,7881,37,3111,57,5331,59,0211,76,3531,89,7111,82,4131,83,5831,79,938

* 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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