Industrial Products
Valuation | |
|---|---|
| Market Cap | 14.04 kCr |
| Price/Earnings (Trailing) | 20.62 |
| Price/Sales (Trailing) | 2.28 |
| EV/EBITDA | 15.84 |
| Price/Free Cashflow | -415.5 |
| MarketCap/EBT | 16.97 |
| Enterprise Value | 14.01 kCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 6.15 kCr |
| Rev. Growth (Yr) | 3.7% |
| Earnings (TTM) | 681 Cr |
| Earnings Growth (Yr) | 38% |
Profitability | |
|---|---|
| Operating Margin | 12% |
| EBT Margin | 13% |
| Return on Equity | 11.94% |
| Return on Assets | 10.23% |
| Free Cashflow Yield | -0.24% |
Growth & Returns | |
|---|---|
| Price Change 1W | 5.1% |
| Price Change 1M | 24.2% |
| Price Change 6M | 8.4% |
| Price Change 1Y | 10.8% |
| 3Y Cumulative Return | 5.4% |
| 5Y Cumulative Return | 18% |
| 7Y Cumulative Return | 11.3% |
| 10Y Cumulative Return | 14.6% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -82.09 Cr |
| Cash Flow from Operations (TTM) | 207.25 Cr |
| Cash Flow from Financing (TTM) | -128.11 Cr |
| Cash & Equivalents | 48.99 Cr |
| Free Cash Flow (TTM) | -29.18 Cr |
| Free Cash Flow/Share (TTM) | -1.91 |
Balance Sheet | |
|---|---|
| Total Assets | 6.66 kCr |
| Total Liabilities | 954.09 Cr |
| Shareholder Equity | 5.7 kCr |
| Current Assets | 3.94 kCr |
| Current Liabilities | 513.43 Cr |
| Net PPE | 556.12 Cr |
| Inventory | 794.03 Cr |
| Goodwill | 0.00 |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.00 |
| Debt/Equity | 0.00 |
| Interest Coverage | 456.2 |
| Interest/Cashflow Ops | 123.63 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 8 |
| Dividend Yield | 0.87% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 0.00% |
Size: Market Cap wise it is among the top 20% companies of india.
Profitability: Recent profitability of 11% is a good sign.
Balance Sheet: Strong Balance Sheet.
Momentum: Stock price has a strong positive momentum. Stock is up 24.2% in last 30 days.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Past Returns: In past three years, the stock has provided 5.4% return compared to 13.3% by NIFTY 50.
Smart Money: Smart money looks to be reducing their stake in the stock.
Size: Market Cap wise it is among the top 20% companies of india.
Profitability: Recent profitability of 11% is a good sign.
Balance Sheet: Strong Balance Sheet.
Momentum: Stock price has a strong positive momentum. Stock is up 24.2% in last 30 days.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Past Returns: In past three years, the stock has provided 5.4% return compared to 13.3% by NIFTY 50.
Smart Money: Smart money looks to be reducing their stake in the stock.
Investor Care | |
|---|---|
| Dividend Yield | 0.87% |
| Dividend/Share (TTM) | 8 |
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 44.52 |
Financial Health | |
|---|---|
| Current Ratio | 7.67 |
| Debt/Equity | 0.00 |
Technical Indicators | |
|---|---|
| RSI (14d) | 74.18 |
| RSI (5d) | 91.26 |
| RSI (21d) | 81.86 |
| MACD Signal | Buy |
| Stochastic Oscillator Signal | Sell |
| SharesGuru Signal | Buy |
| RSI Signal | Sell |
| RSI5 Signal | Sell |
| RSI21 Signal | Sell |
| SMA 5 Signal | Buy |
| SMA 10 Signal |
Summary of Finolex Cables's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Management provided an optimistic outlook during the Q3 and 9M FY '26 earnings call, highlighting a solid financial performance. The revenue for the quarter was approximately INR 1,600 crores, reflecting a 35% quarter-on-quarter increase, and for the nine-month period, it totaled about INR 4,370 crores, up 17% compared to the previous year. EBITDA rose by 12% sequentially and by 17% year-over-year, while PAT increased by 10% and 18%, respectively.
Key forward-looking points included:
Capacity and Demand: Management noted that overall volume growth in Wires and Cables saw an increase of over 25%, with significant contributions from Electric Wires (28%), Auto cables (42%), and Industrial cables (28%). They expect continued growth driven by rising demand for fiber cables due to hardening fiber prices, which increased from under $3 to about $5, indicating a stronger market.
Expansion Initiatives: The company is in the process of expanding its preform and fiber draw capacities. The commissioning of a preform factory is expected in the current fiscal, while the total fiber draw capacity is anticipated to reach 8 million kilometers by Q1 FY '27.
Capex Plans: In the last quarter, Finolex invested INR 36 crores, with a total of INR 146 crores for the nine-month period, aligning with their projections. Management indicated that expenditures are concentrated on high-potential projects aimed at capturing market demand.
Future Revenue Potential: Management projected that the expanded capacity could generate an additional revenue of INR 600-700 crores annually. Improved market conditions for fiber pricing are expected to enhance margin profiles as utilization rates increase.
Response to Competition: While acknowledging the entry of new players in the market, management expressed confidence in their ability to coexist and maintain margins through strategic pricing and customer education on product quality.
These factors contribute to a confident outlook for sustained growth and operational improvements for Finolex Cables.
Understand Finolex Cables ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| ORBIT ELECTRICALS PRIVATE LIMITED | 30.7% |
| FINOLEX INDUSTRIES LIMITED | 14.51% |
| NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA MUL | 3.23% |
| ANIL RAMCHAND CHHABRIA | 3.09% |
| HSBC MUTUAL FUND - HSBC SMALL CAP FUND | 2.23% |
| HDFC MUTUAL FUND-HDFC HYBRID DEBT FUND | 2.21% |
| HDFC LIFE INSURANCE COMPANY LIMITED |
Detailed comparison of Finolex Cables against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| POLYCAB | Polycab India | 1.29 LCr | 27.23 kCr | +14.10% | +68.90% | 49.07 | 4.73 | - | - |
| HAVELLS | Havells India | 84.84 kCr | 22.63 kCr |
Comprehensive comparison against sector averages
FINCABLES metrics compared to Industrial
| Category | FINCABLES | Industrial |
|---|---|---|
| PE | 21.26 | 42.60 |
| PS | 2.35 | 3.47 |
| Growth | 7.1 % | 26 % |
Finolex Cables Limited engages in the manufacture and sale of electrical and communication cables, and other electrical appliances in India and internationally. The company operates through Electrical Cables, Communication Cables, Copper Rods, and Others segments. It offers electrical cables, such as 1100V and motor winding PVC insulated, automotive/battery, UPS, elevator, solar, and industrial cables, as well as heavy duty, underground, low and high voltage, power, and control cables; and communication cables, including optic fiber, coaxial, local area network, CCTV, speaker, jelly filled telephone, PE insulated telephone, and V-SAT cables. The company also provides copper rods; electrical switches, sockets, regulators, etc.; and retrofit/non-retrofit CFL lamps, T5 tube lights and fittings, and LED-based lighting solutions. In addition, it offers ceiling, table, wall, pedestal, and exhaust fans; switchgear products, such as miniature and residual current circuit breakers, molded case circuit breakers, and distribution boards; instant and storage water heaters; steam and dry irons; conduit pipes and fittings; and smart door locks and switches. The company also offers its products through retail outlets under the Finolex Houses brand name; and online retail stores. Finolex Cables Limited was founded in 1958 and is based in Pune, India.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
| SMA 20 Signal | Buy |
| SMA 50 Signal | Buy |
| SMA 100 Signal | Buy |
FINCABLES vs Industrial (2021 - 2026)
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
Question from Vidit Trivedi: "Any update on the BharatNet project as of now? And I just wanted to know your views on the way commodity is behaving and the overall outlook? And how many price hikes have we taken as of today?"
Answer from Mahesh Viswanathan: "Currently, regarding commodities, they fluctuate greatly; recent prices have ranged from 12,800 to 14,000. We took 5 price increases last quarter totaling a 12% rise, while this quarter we've raised twice. As for BharatNet, we didn't secure phase 3 tenders initially, but with the current fiber market dynamics, we anticipate increased business opportunities over the next couple of years."
Question from Vidit Trivedi: "So what are the structural changes in the supply chain we have taken in this area? And can we expect further improvement, bring it down to at least 50 - 55 days in the coming quarters?"
Answer from Mahesh Viswanathan: "We focused on optimizing each inventory segment: raw materials, work-in-progress, and finished goods. Improved raw material supply and operational efficiencies have contributed to reducing inventory days from 69 to 61. Achieving 50-55 days is challenging but we aim to streamline our processes further as capacity utilization improves."
Question from Vidit Trivedi: "There's a significant amount sitting in your capital work in progress, almost INR 307-odd crores. So what's the specific project it is tied to? And when can we expect it to be commissioned?"
Answer from Mahesh Viswanathan: "Most of this is tied to our preform project. We are in production trials and expect to commission it by next month. Upon commissioning, about INR 220 crores will be capitalized, leaving only the fiber draw towers' costs."
Question from Shreya Wazir: "How do you see their capacities ramping up? And what product segments of Finolex will get affected and how?"
Answer from Mahesh Viswanathan: "Competition is anticipated with companies like Birla and Adani entering the market. Birla may start operations next year, while Adani's timeline remains unclear. While there will be competition, we believe there's room for coexistence, and we plan to adapt accordingly to maintain our market position."
Question from Shreya Wazir: "What is Finolex's strategy to grow its Telecom Cable business? And how is Finolex building its product portfolio to participate in this opportunity?"
Answer from Mahesh Viswanathan: "We are expanding our capabilities by producing preforms domestically, reducing import dependency, and increasing fiber draw capacity. Our integration efforts will help capitalize on the rising demand for telecom cables, particularly with the expected growth of data centers."
Question from Srinivasan: "I think, you had mentioned that some 4 million kilometers, we are going to 8 million kilometers by Q1 FY '26. So what is the revenue that we could generate from this asset?"
Answer from Mahesh Viswanathan: "With our increased capacity, we estimate potential revenue from the new fiber capacity to reach around INR 600-700 crores annually. While profit margins can vary, we expect EBIT margins to improve as prices stabilize in the market."
Question from Veenit: "Given such a strong growth we've had within the industry, would it be right to assume that channel inventories would have been higher than it should?"
Answer from Mahesh Viswanathan: "Yes, due to the price fluctuations and market dynamics, channel inventory levels are likely higher than usual. Specific volume estimates are difficult, but there has been a push in inventory as a response to rising commodity prices."
These questions and answers encapsulated key strategic updates and insights into Finolex's operational performance.
| 2.04% |
| LGOF GLOBAL OPPORTUNITIES LIMITED | 1.88% |
| GOPICHAND PARMANAND HINDUJA | 1.88% |
| KATARA ARUNA MUKESH | 1.84% |
| TATA AIA LIFE INSURANCE CO LTD-WHOLE LIFE MID CAP | 1.53% |
| FRANKLIN INDIA OPPORTUNITES FUND | 1.29% |
| LEELA RAMCHAND CHHABRIA | 1.16% |
| DEEPAK KISHAN CHHABRIA | 0.79% |
| SUNITA KISHANDAS CHHABRIA | 0.56% |
| PRAKASH PRALHAD CHHABRIA | 0.54% |
| KISHANDAS PARASHRAM CHHABRIA | 0.45% |
| VIJAY KISHANDAS CHHABRIA | 0.35% |
| JANAK DEEPAK CHHABRIA | 0.2% |
| GAYATRI PRAKASH CHHABRIA | 0.07% |
Distribution across major stakeholders
Distribution across major institutional holders
| +2.60% |
| -6.30% |
| 57.07 |
| 3.75 |
| - |
| - |
| KEI | KEI Industries | 47.04 kCr | 11.34 kCr | +12.70% | +49.70% | 54.63 | 4.15 | - | - |
| VGUARD | V-Guard Industries | 13.33 kCr | 5.77 kCr | -11.80% | -5.30% | 46.58 | 2.31 | - | - |
| 17% |
| 1,456 |
| 1,245 |
| 1,273 |
| 1,437 |
| 1,056 |
| 1,218 |
| Profit Before exceptional items and Tax | 9.6% | 184 | 168 | 176 | 213 | 170 | 145 |
| Exceptional items before tax | -102.7% | 0 | 38 | 0 | 49 | 0 | 5.34 |
| Total profit before tax | -10.7% | 184 | 206 | 176 | 261 | 170 | 151 |
| Current tax | -25% | 34 | 45 | 31 | 47 | 29 | 34 |
| Deferred tax | 799.6% | 18 | -1.43 | 9.18 | 23 | 16 | -1.6 |
| Total tax | 18.6% | 52 | 44 | 40 | 70 | 45 | 33 |
| Total profit (loss) for period | 0.6% | 164 | 163 | 163 | 192 | 147 | 118 |
| Other comp. income net of taxes | 126.9% | 3.2 | -7.17 | 12 | -18.41 | -17.36 | -1.71 |
| Total Comprehensive Income | 7.8% | 167 | 155 | 174 | 173 | 130 | 116 |
| Earnings Per Share, Basic | 1% | 10.73 | 10.63 | 10.63 | 12.53 | 9.63 | 7.71 |
| Earnings Per Share, Diluted | 1% | 10.73 | 10.63 | 10.63 | 12.53 | 9.63 | 7.71 |
| 4.5% |
| 185 |
| 177 |
| 163 |
| 146 |
| 138 |
| 150 |
| Finance costs | -35% | 1.67 | 2.03 | 1.24 | 1.52 | 0.76 | 1.55 |
| Depreciation and Amortization | 7% | 47 | 44 | 46 | 39 | 39 | 39 |
| Other expenses | 6.5% | 328 | 308 | 278 | 241 | 224 | 275 |
| Total Expenses | 8.3% | 4,853 | 4,480 | 4,033 | 3,393 | 2,453 | 2,548 |
| Profit Before exceptional items and Tax | -5.2% | 714 | 753 | 646 | 527 | 392 | 501 |
| Total profit before tax | -5.2% | 714 | 753 | 646 | 527 | 392 | 501 |
| Current tax | -10.2% | 142 | 158 | 145 | 128 | 113 | 123 |
| Deferred tax | 18.2% | 27 | 23 | -0.74 | -5.91 | -3.4 | -24.39 |
| Total tax | -6.7% | 169 | 181 | 144 | 122 | 109 | 99 |
| Total profit (loss) for period | -4.9% | 544 | 572 | 502 | 405 | 283 | 402 |
| Other comp. income net of taxes | -196.2% | -28.82 | 32 | 36 | -7.41 | 33 | -40.55 |
| Total Comprehensive Income | -14.5% | 516 | 603 | 538 | 397 | 316 | 362 |
| Earnings Per Share, Basic | -4.9% | 35.6 | 37.37 | 32.81 | 26.46 | 26.32 | 26.32 |
| Earnings Per Share, Diluted | -4.9% | 35.6 | 37.37 | 32.81 | 26.46 | 26.32 | 26.32 |
| -21.1% |
| 281 |
| 356 |
| 499 |
| 397 |
| 388 |
| 367 |
| Non-current investments | - | 78 | 0 | 0 | 0 | 0 | 21 |
| Loans, non-current | - | 0 | 0 | 0 | 0 | 0 | 0 |
| Total non-current financial assets | 28% | 97 | 76 | 0 | 5.83 | 0 | 25 |
| Total non-current assets | 16.8% | 1,502 | 1,286 | 1,279 | 1,080 | 936 | 872 |
| Total assets | 7.3% | 5,441 | 5,071 | 4,970 | 4,628 | 4,414 | 4,083 |
| Borrowings, non-current | 7600% | 16 | 0.8 | 15 | 0.81 | 15 | 10 |
| Total non-current financial liabilities | 7.1% | 16 | 15 | 15 | 15 | 15 | 10 |
| Provisions, non-current | 16.7% | 15 | 13 | 13 | 12 | 10 | 10 |
| Total non-current liabilities | 10.1% | 121 | 110 | 96 | 86 | 66 | 54 |
| Borrowings, current | 552.7% | 5.21 | 0.07 | 3.51 | 3.46 | 3.84 | 3.57 |
| Total current financial liabilities | 59.6% | 400 | 251 | 384 | 242 | 313 | 217 |
| Provisions, current | -31.5% | 5.8 | 8.01 | 6.44 | 7.75 | 5.32 | 7.06 |
| Current tax liabilities | 8.1% | 41 | 38 | 26 | 33 | 38 | 39 |
| Total current liabilities | 42.2% | 513 | 361 | 515 | 336 | 426 | 320 |
| Total liabilities | 34.7% | 634 | 471 | 611 | 422 | 492 | 374 |
| Equity share capital | 0% | 31 | 31 | 31 | 31 | 31 | 31 |
| Total equity | 4.5% | 4,807 | 4,599 | 4,359 | 4,206 | 3,922 | 3,710 |
| Total equity and liabilities | 7.3% | 5,441 | 5,071 | 4,970 | 4,628 | 4,414 | 4,083 |
| -52.9% |
| 348 |
| 737 |
| 488 |
| 550 |
| - |
| - |
| Dividends received | - | 0 | 0 | 0 | -80.91 | - | - |
| Interest received | - | 0 | 0 | 0 | -37.76 | - | - |
| Income taxes paid (refund) | -11.9% | 141 | 160 | 132 | 132 | - | - |
| Net Cashflows From Operating Activities | -64.2% | 207 | 577 | 356 | 299 | - | - |
| Proceeds from sales of PPE | -11.1% | 0 | 0.1 | 0.06 | 0.27 | - | - |
| Purchase of property, plant and equipment | 7.8% | 236 | 219 | 31 | 67 | - | - |
| Proceeds from sales of investment property | -14.7% | 3,616 | 4,237 | 4,114 | 3,620 | - | - |
| Purchase of investment property | -25.4% | 3,692 | 4,948 | 4,609 | 3,803 | - | - |
| Proceeds from sales of long-term assets | -97.2% | 1.36 | 14 | 0 | 0 | - | - |
| Purchase of other long-term assets | - | 0 | 0 | 11 | 0 | - | - |
| Dividends received | 66.7% | 51 | 31 | 81 | 81 | - | - |
| Interest received | -31.5% | 38 | 55 | 50 | 38 | - | - |
| Other inflows (outflows) of cash | -64.2% | 140 | 389 | 182 | -246.99 | - | - |
| Net Cashflows From Investing Activities | 81.1% | -82.09 | -439.57 | -224.64 | -378.31 | - | - |
| Proceeds from borrowings | -38.9% | 0 | 0.28 | 0 | 0 | - | - |
| Repayments of borrowings | 31.3% | 0.08 | -0.34 | 0.03 | -0.03 | - | - |
| Payments of lease liabilities | - | 0 | 0 | 5.08 | 0 | - | - |
| Dividends paid | 14.2% | 122 | 107 | 92 | -83.81 | - | - |
| Interest paid | -86% | 1.6 | 5.28 | 0.01 | -0.59 | - | - |
| Other inflows (outflows) of cash | - | -4.44 | 0 | 0 | 0 | - | - |
| Net Cashflows from Financing Activities | -14.6% | -128.11 | -111.66 | -96.65 | 87 | - | - |
| Effect of exchange rate on cash eq. | - | 93 | 0 | 32 | 0 | - | - |
| Net change in cash and cash eq. | 256% | 90 | 26 | 67 | 7.79 | - | - |
Analysis of Finolex Cables's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Dec 31, 2025
| Description | Share | Value |
|---|---|---|
| Electrical Cables | 61.9% | 1.4 kCr |
| Copper rods | 30.0% | 678.2 Cr |
| Communication Cables | 5.4% | 122.8 Cr |
| Others | 2.7% | 61.4 Cr |
| Total | 2.3 kCr |