Finolex Cables Ltd logo

Finolex Cables Ltd

FINCABLES NSE

Key Fundamentals

SmallcapCables - ElectricalsIndustrial Products
Market Cap
₹19,998 Cr
Volatility
High Risk
P/E Ratio
25.32
EBITDA
₹620 Cr
Return on Equity
12.75%
Debt to Equity
0
Book Value
₹397.93
EPS
₹48.07
52W High
₹1,374
52W Low
₹700.8

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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53 extracted metrics + investor summaries across FY16–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

3
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 18.5%

Weaknesses

3
  • Company has a low return on equity of 13.2% over last 3 years.
  • Earnings include an other income of Rs.382 Cr.
  • Working capital days have increased from 99.1 days to 170 days

Growth Rate

Revenue Growth
14.59% ↗
Net Income Growth
9.31% ↘
Cash Flow Change
-64.08% ↘
ROE
-3.26% ↘
ROCE
-4.53% ↘
EBITDA Margin (Avg.)
-30.84% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 5d ago
AI opinion · based on fundamentals
Risk medium

Finolex Cables Ltd trades at a market cap of Rs.19,278 Cr with a P/E of 24.4x and P/B of 3.21x. The company is almost debt-free and has delivered TTM sales growth of 27% and profit growth of 29%, though its ROE of 12-13% remains modest and working capital days have nearly doubled.

Bull Case 8
  • Almost debt-free balance sheet provides financial flexibility and reduces interest cost risk in a rising rate environment
  • TTM revenue growth of 27% signals strong demand momentum, well above the 10-year compounded sales CAGR of 10%
  • TTM profit growth of 29% outpaces sales growth, indicating operating leverage and margin expansion
  • Stock has delivered 1-year return of 54%, reflecting strong market re-rating and investor confidence
  • Consistent dividend payout of 18.5% maintained over time, with current dividend yield of 0.62%
  • 5-year compounded sales CAGR of 18% demonstrates sustained medium-term topline growth trajectory
  • Company is expected to deliver a good upcoming quarter based on operational trends
  • 10-year stock CAGR of 12% shows long-term wealth creation track record for patient investors
Bear Case 8
  • ROE of 12% (last year) and 13% over 3 years is below the 15%+ threshold typically expected for quality compounders at a P/E of 24.4x
  • Other income of Rs.382 Cr forms a significant portion of earnings, raising questions about core operating profit quality
  • Working capital days have deteriorated sharply from 99.1 days to 170 days, indicating potential inventory buildup or slower collections
  • P/B ratio of 3.21x appears stretched relative to the modest ROE of 12-13%, implying limited margin of safety
  • 5-year compounded profit CAGR of only 9% lags behind the 5-year sales CAGR of 18%, suggesting historical margin pressure
  • 10-year profit CAGR of 9% is modest for an industrials company trading at 24.4x earnings
  • Dividend yield of 0.62% offers limited income cushion if capital appreciation stalls
  • 3-year stock CAGR of only 8% versus 1-year return of 54% suggests much of the re-rating is very recent and may not sustain

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 17h ago
Positives 1
  • Q1FY27 profit surges 60% YoY Aug 11

    Standalone net profit rose 59% YoY to ₹221.28 crore in Q1FY27, driven by higher electrical cable volumes and improved communication cable margins.

Neutral 3
  • New CS and KMP appointed Aug 11

    Nirnoy Sur appointed as Company Secretary, Compliance Officer, and GM (Legal) effective August 11, 2026, following Board approval.

  • Key directors re-appointed Aug 11

    Board approved re-appointment of three independent directors and the Whole-time Director for five-year terms effective September 30, 2026, pending shareholder approval.

  • Q4FY26 earnings call scheduled Aug 7

    Earnings conference call scheduled for August 13, 2026, to discuss June quarter results. CEO Mahesh Viswanathan will lead the discussion.

TL;DR: Finolex Cables is delivering strong earnings momentum with a near-60% jump in quarterly profit on robust demand across electrical and communication cable segments. No material headwinds are visible in recent news flow. Board-level appointments and director continuity signal governance stability. The trend is clearly improving, and the upcoming earnings call may provide further visibility on demand sustainability and margin outlook.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,204
1,187
1,222
1,401
1,230
1,312
1,182
1,595
1,396
1,376
1,599
1,951
2,013
Expenses
1,058
1,041
1,088
1,239
1,104
1,206
1,044
1,424
1,259
1,231
1,441
1,771
1,769
Operating Profit
146
146
134
162
127
106
138
171
136
145
158
180
244
OPM %
12%
12%
11%
12%
10%
8%
12%
11%
10%
11%
10%
9%
12%
Other Income
74
72
75
100
202
57
67
104
80
76
74
140
92
Interest
0
0
0
1
0
0
0
0
0
0
0
0
0
Depreciation
10
11
11
12
11
12
12
12
14
14
15
17
22
PBT
210
206
198
250
318
151
193
261
203
206
216
303
314
Tax %
24%
25%
24%
25%
23%
22%
24%
27%
20%
21%
24%
26%
21%
Net Profit
160
154
151
186
244
118
147
192
163
163
164
224
249
EPS in Rs
10.49
10.08
9.87
12.17
15.95
7.71
9.63
12.54
10.63
10.63
10.73
14.67
16.28
Figures in ₹ Crores

Profit & Loss

  Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
2,360
2,445
2,815
3,078
2,877
2,768
3,768
4,481
5,014
5,319
6,321
6,939
Expenses
2,002
2,049
2,374
2,604
2,494
2,398
3,339
3,972
4,426
4,776
5,702
6,211
Operating Profit
358
396
441
474
384
370
429
509
588
543
620
727
OPM %
15%
16%
16%
15%
13%
13%
11%
11%
12%
10%
10%
10%
Other Income
125
160
153
178
169
300
398
188
321
428
370
382
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
67
PBT
416
504
549
610
512
631
787
649
864
922
929
1,040
Tax %
21%
21%
40%
33%
24%
27%
24%
22%
25%
24%
23%
—
Net Profit
329
400
330
407
391
461
599
504
652
701
714
800
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
52.31
Div. Payout %
14%
11%
19%
17%
22%
18%
15%
21%
19%
17%
19%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
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
Borrowings
51
1
1
1
8
7
9
14
18
20
19
Other Liabilities
272
297
354
417
395
464
563
596
671
771
885
Total Liabilities
2,099
2,440
2,784
3,154
3,407
3,886
4,494
4,980
5,635
6,287
6,990
Fixed Assets
432
415
409
404
387
394
380
435
444
583
850
CWIP
3
8
5
10
27
26
87
21
168
210
105
Investments
881
1,159
1,523
1,767
1,121
1,571
2,014
2,610
3,584
3,986
4,195
Other Assets
783
857
847
973
1,872
1,894
2,013
1,915
1,439
1,507
1,840
Total Assets
2,099
2,440
2,784
3,154
3,407
3,886
4,494
4,980
5,635
6,287
6,990
Figures in ₹ Crores

Cash Flow

  Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
339
213
236
154
309
114
473
356
577
207
49
Investing
-195
-126
-134
-110
587
-859
-378
-225
-440
-82
153
Financing
-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
207
-105
CFO/OP
114
86
84
67
109
63
141
96
125
64
32
Figures in ₹ Crores

Ratios

  Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
170
ROCE %
—
26%
24%
24%
18%
20%
21%
16%
19%
18%
16%

Shareholding Pattern

As of Jun 2026
Promoters 35.86%
Others 19.40%
Public 18.38%
DIIs 16.70%
FIIs 9.65%
Total 99.99%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
35.92%
35.92%
35.92%
35.92%
35.92%
35.92%
35.92%
35.92%
35.92%
35.92%
35.92%
35.92%
35.92%
35.86%
35.86%
35.86%
35.86%
35.86%
35.86%
35.86%
35.86%
35.86%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
1.89%
0.00%
0.00%
11.77%
11.07%
11.58%
11.65%
11.32%
11.00%
10.57%
10.67%
9.90%
9.42%
9.62%
9.65%
DIIs
18.11%
16.59%
16.21%
16.47%
15.72%
15.17%
18.00%
18.10%
17.03%
15.56%
15.59%
15.93%
15.88%
16.84%
16.74%
16.24%
16.07%
15.57%
15.88%
15.77%
16.43%
16.70%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
16.91%
17.07%
17.19%
16.64%
17.25%
17.75%
16.90%
16.60%
16.90%
17.77%
17.37%
17.78%
17.47%
16.55%
16.92%
17.59%
18.11%
18.48%
19.06%
19.65%
18.74%
18.38%
Others
29.07%
30.43%
30.69%
30.98%
31.12%
31.16%
29.18%
27.50%
30.15%
30.74%
19.36%
19.31%
19.16%
19.10%
19.17%
19.31%
19.39%
19.43%
19.30%
19.30%
19.35%
19.40%
No. of Shareholders
65,576
73,518
80,266
81,190
90,842
97,012
99,808
94,652
1,00,123
1,25,344
1,28,513
1,25,351
1,28,440
1,12,071
1,24,788
1,37,311
1,57,533
1,59,021
1,76,353
1,89,711
1,82,413
1,83,583

Documents

1
Concall - Nov 2019 Nov 2019
2
Concall - Feb 2020 Feb 2020
3
Concall - Aug 2020 Aug 2020
4
Concall - Feb 2021 Feb 2021
5
Concall - Feb 2024 Feb 2024

Frequently Asked Questions about Finolex Cables Ltd

What does Finolex Cables Ltd do?
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 ...
Where is Finolex Cables Ltd (FINCABLES) listed?
Finolex Cables Ltd is listed on the Indian stock exchanges. It is listed on NSE: FINCABLES and BSE: 500144. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Finolex Cables Ltd belong to?
Finolex Cables Ltd operates in the Industrial Products sector within the Cables - Electricals industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Finolex Cables Ltd?
Finolex Cables Ltd has a market capitalisation of approximately ₹19998.35 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Finolex Cables Ltd?
The Price-to-Earnings (PE) ratio of Finolex Cables Ltd is 25.32. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Finolex Cables Ltd?
Over the past 52 weeks, Finolex Cables Ltd has traded between a low of ₹700.8 and a high of ₹1,374. This range helps investors understand the stock's price volatility and recent trading levels.
Does Finolex Cables Ltd pay dividends?
Yes, Finolex Cables Ltd has a dividend yield of 0.61%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Finolex Cables Ltd?
Finolex Cables Ltd has a Return on Equity (ROE) of 12.75%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Finolex Cables Ltd on Tapetide?
On Tapetide, you can view Finolex Cables Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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]

Website finolex.com
CEO Mr. Ratnakar Prakash Barve
Employees 1,594
Listed 1995-02-15
Face Value ₹ 2
Issued Size 15,29,39,345

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