Finolex Cables Ltd

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

Finolex Cables Ltd

₹ 800 0.58%
05 Jun 2:40 p.m.
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

5 Manufacturing plants
The Company owns and operates 5 manufacturing sites and 28 depots to maintain a smooth supply chain and optimum product inventory. It also manufactures its key raw materials – PVC compound and copper rods, optic fiber, and FRP rods – as part of its backward integration strategy. [1]

Website BSE NSE
  • Market Cap ₹ 12,235 Cr.
  • Current Price ₹ 800
  • High / Low ₹ 938 / 351
  • Stock P/E 24.2
  • Book Value ₹ 286
  • Dividend Yield 0.74 %
  • ROCE 15.6 %
  • ROE 12.2 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 18.3%

Cons

  • Earnings include an other income of Rs.188 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

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
651 377 639 830 921 675 933 973 1,187 1,016 1,091 1,150 1,224
571 343 548 721 786 605 813 854 1,067 897 1,026 1,004 1,079
Operating Profit 81 35 91 109 135 70 120 119 120 119 64 146 146
OPM % 12% 9% 14% 13% 15% 10% 13% 12% 10% 12% 6% 13% 12%
27 37 54 102 108 59 91 71 177 44 26 54 98
Interest 1 0 0 0 0 0 0 0 1 0 0 0 1
Depreciation 10 10 10 8 11 10 10 10 9 9 11 11 15
Profit before tax 97 61 136 202 232 120 201 179 287 153 79 189 228
Tax % 33% 27% 25% 27% 28% 27% 28% 20% 22% 22% 30% 18% 23%
Net Profit 64 44 102 147 168 87 145 143 224 120 55 154 175
EPS in Rs 4.22 2.91 6.69 9.61 10.96 5.68 9.47 9.35 14.68 7.82 3.62 10.09 11.44
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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
2,360 2,445 2,815 3,078 2,877 2,768 3,768 4,481
2,002 2,049 2,374 2,604 2,494 2,398 3,339 3,972
Operating Profit 358 396 441 474 384 370 429 509
OPM % 15% 16% 16% 15% 13% 13% 11% 11%
125 160 153 178 169 300 398 188
Interest 9 4 1 1 2 1 2 1
Depreciation 58 48 44 41 39 39 39 46
Profit before tax 416 504 549 610 512 631 787 649
Tax % 21% 21% 40% 33% 24% 27% 24% 22%
Net Profit 329 400 330 407 391 461 599 504
EPS in Rs 21.49 26.17 21.58 26.64 25.57 30.17 39.18 32.97
Dividend Payout % 14% 11% 19% 17% 22% 18% 15% 21%
Compounded Sales Growth
10 Years: %
5 Years: 10%
3 Years: 16%
TTM: 19%
Compounded Profit Growth
10 Years: %
5 Years: 9%
3 Years: 9%
TTM: -16%
Stock Price CAGR
10 Years: 31%
5 Years: 3%
3 Years: 44%
1 Year: 101%
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
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
51 1 1 1 8 7 9 14
272 297 354 417 395 464 563 596
Total Liabilities 2,099 2,440 2,784 3,154 3,407 3,886 4,494 4,980
432 415 409 404 387 394 380 435
CWIP 3 8 5 10 27 26 87 21
Investments 881 1,159 1,523 1,767 1,121 1,571 2,014 2,610
783 857 847 973 1,872 1,894 2,013 1,915
Total Assets 2,099 2,440 2,784 3,154 3,407 3,886 4,494 4,980

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 83 202 159 230
ROCE % 26% 24% 24% 18% 20% 21% 16%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 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
6.96 7.07 7.55 8.36 9.29 9.12 9.37 9.36 9.25 9.74 10.22 10.78
19.80 18.78 18.33 18.11 16.60 16.22 16.47 15.73 15.28 18.31 18.10 17.03
37.32 38.23 38.21 37.61 38.20 38.75 38.24 39.00 39.56 36.04 35.77 36.28

* 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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