Industrial Products
Valuation | |
|---|---|
| Market Cap | 11.79 kCr |
| Price/Earnings (Trailing) | 17.75 |
| Price/Sales (Trailing) | 2.05 |
| EV/EBITDA | 13.55 |
| Price/Free Cashflow | -415.5 |
| MarketCap/EBT | 14.47 |
| Enterprise Value | 11.76 kCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 5.74 kCr |
| Rev. Growth (Yr) | 3.7% |
| Earnings (TTM) | 664.22 Cr |
| Earnings Growth (Yr) | 38% |
Profitability | |
|---|---|
| Operating Margin | 13% |
| EBT Margin | 14% |
| Return on Equity | 11.65% |
| Return on Assets | 9.98% |
| Free Cashflow Yield | -0.24% |
Growth & Returns | |
|---|---|
| Price Change 1W | -1.8% |
| Price Change 1M | 4.1% |
| Price Change 6M | -19.5% |
| Price Change 1Y | -29% |
| 3Y Cumulative Return | 13.3% |
| 5Y Cumulative Return | 12.8% |
| 7Y Cumulative Return | 8% |
| 10Y Cumulative Return | 12% |
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 | 464.37 |
| Interest/Cashflow Ops | 123.63 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 8 |
| Dividend Yield | 1.04% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 0.00% |
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Size: Market Cap wise it is among the top 20% companies of india.
Profitability: Recent profitability of 12% is a good sign.
Balance Sheet: Strong Balance Sheet.
Smart Money: Smart money is losing interest in the stock.
Insider Trading: Significant insider selling noticed recently.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Size: Market Cap wise it is among the top 20% companies of india.
Profitability: Recent profitability of 12% is a good sign.
Balance Sheet: Strong Balance Sheet.
Smart Money: Smart money is losing interest in the stock.
Insider Trading: Significant insider selling noticed recently.
Investor Care | |
|---|---|
| Dividend Yield | 1.04% |
| Dividend/Share (TTM) | 8 |
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 43.42 |
Financial Health | |
|---|---|
| Current Ratio | 7.67 |
| Debt/Equity | 0.00 |
Technical Indicators | |
|---|---|
| RSI (14d) | 43.57 |
| RSI (5d) | 4.3 |
| RSI (21d) | 57.32 |
| MACD Signal | Buy |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Buy |
| RSI Signal | Hold |
| RSI5 Signal | Buy |
| RSI21 Signal | Hold |
| SMA 5 Signal | Sell |
| 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.
In the Q1 FY '26 Earnings Conference Call for Finolex Cables Limited, management provided an optimistic outlook with key performance indicators. Sales for the quarter reached approximately INR 1,400 crore, reflecting a robust growth of 13% compared to the same period last year. Profit After Tax (PAT) also rose by 13%, maintaining steady gross margins at about 20%.
Management highlighted that the electrical segment experienced an overall volume increase of roughly 16%, driven predominantly by power cables rather than wires, which faced challenges due to unseasonal rains affecting agricultural demand. In contrast, the communication cables segment saw a decline in both volumes and values as negotiations for key contracts extended into subsequent months.
Forward-looking, management anticipates that the current surge in real estate projects will yield double-digit volume growth in the wires category. They expect this momentum to continue for at least four to six quarters, suggesting a favorable market condition for the company's growth trajectory.
Managed costs included an increase in advertisement and promotional spending, which was about INR 20 crore for the quarter, up from INR 11 crore in the prior year. Moreover, management indicated that their capex plans for the year total approximately INR 300 crore, with INR 60 crore to INR 80 crore earmarked for electrical cables and the remainder supporting initiatives in communication cables.
Overall, management's outlook remains cautious yet positive, focusing on leveraging ongoing projects and enhancing profitability through strategic investments and effective resource allocation.
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 | 1.16 LCr | 24.79 kCr | +7.60% | +13.90% | 46.96 | 4.67 | - | - |
| HAVELLS | Havells India | 91.88 kCr | 21.96 kCr |
Comprehensive comparison against sector averages
FINCABLES metrics compared to Industrial
| Category | FINCABLES | Industrial |
|---|---|---|
| PE | 17.75 | 41.14 |
| PS | 2.05 | 3.39 |
| Growth | 7.1 % | 16.5 % |
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.
| Buy |
| SMA 20 Signal | Buy |
| SMA 50 Signal | Buy |
| SMA 100 Signal | Buy |
FINCABLES vs Industrial (2021 - 2026)
Here are the major questions and detailed answers from the Q&A section of the earnings transcript for Finolex Cables Limited:
Question: "Despite having a volume growth of 16% in the wires category and cables almost double, why is there hardly a 1.5% jump in the EBIT in the segment?"
Answer: The primary reason is the product mix; we've been shifting more towards project sales, which are typically at discounted prices. This trend has been consistent over the past few quarters and is affecting our profitability.
Question: "Can you provide the absolute sales numbers for cables and wires during this quarter as well as for FY '25?"
Answer: I currently do not have the exact figures on hand, but I can provide that information separately after the call.
Question: "Why has Finolex underperformed against the industry over the past 4-5 years, particularly in the wire segment?"
Answer: We've been quite subdued on the power cable side, where most peers have seen substantial growth. Within wires, competitive pricing has affected us, as we've focused on maintaining margins rather than aggressive pricing strategies.
Question: "What are the internal projections for medium-term growth, especially regarding wire demand?"
Answer: I anticipate that the completion of several real estate projects will drive demand, leading to potential double-digit volume growth in wires over the next 4 to 6 quarters.
Question: "Can you explain the current capacity investments in cables and the expected turnover?"
Answer: Our current investment in electrical cables is approximately INR 60 crore to INR 80 crore, with a potential turnover of up to INR 6,500 crore, assuming a gross block of INR 700 crore to INR 750 crore.
Question: "Is Finolex considering a hedging strategy to protect against copper price volatility?"
Answer: We do not purchase copper on the spot market but rather based on the monthly average. This approach helps mitigate price fluctuations; however, any pricing action in response to such changes can be delayed to match market conditions.
Question: "What is the ad spend for this quarter compared to the previous year?"
Answer: Our promotional costs this quarter were around INR 20 crore, compared to INR 11 crore last year. This increase was due to commitments from prior advertising spots.
Question: "Are there any expected timelines for receiving orders for the BharatNet project?"
Answer: Orders from tender winners have recently been issued, but they are preparing for 2-3 months before releasing the final orders. Therefore, we anticipate some time before we see significant orders flowing in.
| 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
| +5.40% |
| -10.10% |
| 62.79 |
| 4.18 |
| - |
| - |
| KEI | KEI Industries | 41.38 kCr | 10.83 kCr | +9.60% | +3.00% | 51.92 | 3.82 | - | - |
| VGUARD | V-Guard Industries | 13.78 kCr | 5.63 kCr | -5.00% | -23.60% | 47.61 | 2.45 | - | - |
| -2.2% |
| 1,245 |
| 1,273 |
| 1,437 |
| 1,056 |
| 1,218 |
| 1,115 |
| Profit Before exceptional items and Tax | -4.6% | 168 | 176 | 213 | 170 | 145 | 162 |
| Exceptional items before tax | - | 38 | 0 | 49 | 0 | 5.34 | 156 |
| Total profit before tax | 17.1% | 206 | 176 | 261 | 170 | 151 | 318 |
| Current tax | 46.7% | 45 | 31 | 47 | 29 | 34 | 31 |
| Deferred tax | -129.7% | -1.43 | 9.18 | 23 | 16 | -1.6 | 43 |
| Total tax | 10.3% | 44 | 40 | 70 | 45 | 33 | 74 |
| Total profit (loss) for period | 0% | 163 | 163 | 192 | 147 | 118 | 244 |
| Other comp. income net of taxes | -174.3% | -7.17 | 12 | -18.41 | -17.36 | -1.71 | 8.45 |
| Total Comprehensive Income | -11% | 155 | 174 | 173 | 130 | 116 | 252 |
| Earnings Per Share, Basic | 0% | 10.63 | 10.63 | 12.53 | 9.63 | 7.71 | 15.95 |
| Earnings Per Share, Diluted | 0% | 10.63 | 10.63 | 12.53 | 9.63 | 7.71 | 15.95 |
| 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: Sep 30, 2025
| Description | Share | Value |
|---|---|---|
| Electrical cables | 66.8% | 1.2 kCr |
| Copper rods | 27.3% | 485.1 Cr |
| Communication cables | 6.0% | 106.4 Cr |
| Total |
| 1.8 kCr |