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Finolex Cables Overview

Finolex Cables Ltd is an India-based manufacturer of electrical and communication cables. The Company offers a number of electrical and communication cables. The Company's wire and cable products are utilized in programs, along with car, lights, cable television (TV), telephone and computers to business packages. Its range of merchandise consists of Electrical Switches, LED based lamps, fans, low voltage miniature circuit breakers (MCBs) and water warmers. The Company operates via four segments: Electrical Cables, Communication Cables, Copper R...Read More

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Finolex Cables Key Financials

Market Cap ₹14385 Cr.

Stock P/E 20.5

P/B 2.5

Current Price ₹940.6

Book Value ₹ 381.4

Face Value 2

52W High ₹1028.5

Dividend Yield 0.85%

52W Low ₹ 701

Finolex Cables Share Price

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Volume
Price

Finolex Cables Quarterly Price

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Finolex Cables Peer Comparison

Finolex Cables Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 1187 1222 1401 1230 1312 1182 1595 1396 1376 1599
Other Income 42 45 50 46 52 45 55 54 37 41
Total Income 1229 1267 1451 1277 1363 1227 1649 1450 1413 1640
Total Expenditure 1041 1088 1239 1104 1206 1044 1424 1259 1231 1441
Operating Profit 188 179 212 173 157 182 226 191 183 199
Interest 0 0 1 0 0 0 1 0 0 0
Depreciation 11 11 12 11 12 12 12 14 14 15
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 177 167 199 162 145 170 213 176 168 184
Provision for Tax 52 47 63 74 33 45 70 40 44 52
Profit After Tax 124 121 136 88 113 125 143 136 125 131
Adjustments 30 30 51 156 5 22 49 26 38 33
Profit After Adjustments 154 151 186 244 118 147 192 163 163 164
Adjusted Earnings Per Share 10.1 9.9 12.2 15.9 7.7 9.6 12.5 10.6 10.6 10.7

Finolex Cables Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 2360 2445 2815 3078 2877 2768 3768 4481 5014 5319 5966
Other Income 56 59 87 105 92 77 75 118 175 218 187
Total Income 2416 2504 2902 3182 2969 2845 3843 4599 5190 5536 6152
Total Expenditure 2002 2049 2380 2631 2494 2398 3343 3972 4426 4798 5355
Operating Profit 414 455 522 551 475 447 500 627 764 739 799
Interest 9 4 1 1 2 1 2 1 2 2 1
Depreciation 58 48 44 41 39 39 39 46 44 47 55
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 416 504 549 610 512 631 787 649 864 922 741
Provision for Tax 88 103 219 203 121 169 187 145 212 222 206
Profit After Tax 329 400 330 407 391 461 599 504 652 701 535
Adjustments 0 0 0 0 0 0 0 0 0 0 146
Profit After Adjustments 329 400 330 407 391 461 599 504 652 701 682
Adjusted Earnings Per Share 21.5 26.2 21.6 26.6 25.6 30.2 39.2 33 42.6 45.8 44.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 6% 12% 13% 0%
Operating Profit CAGR -3% 14% 9% 0%
PAT CAGR 8% 5% 12% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 5% 3% 21% 13%
ROE Average 13% 13% 14% 16%
ROCE Average 18% 17% 19% 22%

Finolex Cables Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 1776 2141 2429 2737 3004 3415 3922 4370 4946 5495
Minority's Interest 0 0 0 0 0 0 0 0 0 0
Borrowings 26 1 1 0 0 0 0 0 1 1
Other Non-Current Liabilities 30 24 115 155 164 220 278 943 926 1003
Total Current Liabilities 267 273 240 261 239 251 294 936 1090 967
Total Liabilities 2099 2440 2784 3154 3407 3886 4494 6250 6963 7467
Fixed Assets 432 415 409 404 387 394 380 435 445 583
Other Non-Current Assets 484 769 865 1058 951 1148 1317 1988 2216 2493
Total Current Assets 1183 1255 1510 1692 2069 2343 2797 3828 4302 4391
Total Assets 2099 2440 2784 3154 3407 3886 4494 6250 6963 7467

Finolex Cables Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 138 21 32 77 46 856 25 32 67 93
Cash Flow from Operating Activities 339 213 236 154 309 114 473 356 577 207
Cash Flow from Investing Activities -195 -126 -134 -110 587 -859 -378 -225 -440 -82
Cash Flow from Financing Activities -64 -75 -57 -75 -86 -86 -87 -97 -112 -128
Net Cash Inflow / Outflow 81 11 44 -30 810 -831 8 35 26 -3
Closing Cash & Cash Equivalent 219 32 77 46 856 25 32 67 93 90

Finolex Cables Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 21.49 26.17 21.58 26.64 25.56 30.17 39.17 32.97 42.61 45.82
CEPS(Rs) 25.28 29.31 24.45 29.29 28.11 32.72 41.71 36 45.48 48.86
DPS(Rs) 2.5 3 4 4.5 5.5 5.5 6 7 8 8
Book NAV/Share(Rs) 116.11 139.97 158.81 178.95 196.39 223.24 256.43 285.74 323.36 359.28
Core EBITDA Margin(%) 13.92 14.82 15.09 14.52 13.33 13.37 11.28 11.36 11.73 9.8
EBIT Margin(%) 16.51 19.02 19.09 19.86 17.85 22.82 20.92 14.52 17.27 17.37
Pre Tax Margin(%) 16.17 18.86 19.04 19.83 17.8 22.79 20.88 14.49 17.23 17.34
PAT Margin (%) 12.77 14.99 11.45 13.24 13.59 16.67 15.9 11.25 13 13.18
Cash Profit Margin (%) 15.02 16.78 12.96 14.56 14.94 18.08 16.93 12.29 13.87 14.05
ROA(%) 20.58 17.64 12.64 13.72 11.92 12.66 14.3 9.39 9.86 9.71
ROE(%) 27.96 20.44 14.45 15.77 13.62 14.38 16.33 12.16 13.99 13.42
ROCE(%) 32.78 25.6 24.09 23.65 17.89 19.68 21.48 15.69 18.59 17.7
Receivable days 13.97 17.1 18.94 22.88 25.24 23.97 17.13 16.08 14.38 14.41
Inventory Days 35.24 54.07 60.81 64.41 74.86 88.9 68.22 54.07 45.53 44.38
Payable days 13.78 29.4 32.81 31.08 32.14 29.78 22.52 20.53 20.47 20.24
PER(x) 13.05 19.74 31.01 17.92 7.95 12.62 9.64 24.62 23.49 19.95
Price/Book(x) 2.41 3.69 4.21 2.67 1.04 1.71 1.47 2.84 3.1 2.54
Dividend Yield(%) 0.89 0.58 0.6 0.94 2.7 1.44 1.59 0.86 0.8 0.88
EV/Net Sales(x) 1.75 3.16 3.6 2.36 0.76 2.09 1.52 2.75 3.03 2.6
EV/Core EBITDA(x) 9.94 16.97 19.41 13.16 4.58 12.91 11.48 19.68 19.92 18.73
Net Sales Growth(%) 258.58 3.58 15.15 9.33 -6.51 -3.79 36.13 18.92 11.9 6.07
EBIT Growth(%) 724.48 19.48 8.39 11 -15.96 22.98 24.78 -17.44 33.06 6.73
PAT Growth(%) 974.5 21.77 -17.52 23.43 -4.04 18.02 29.84 -15.83 29.23 7.53
EPS Growth(%) 432.89 21.77 -17.52 23.43 -4.04 18.02 29.84 -15.83 29.23 7.53
Debt/Equity(x) 0.03 0 0 0 0 0 0 0 0 0
Current Ratio(x) 4.42 4.59 6.3 6.48 8.66 9.35 9.53 4.09 3.95 4.54
Quick Ratio(x) 3.19 2.9 4.22 4.23 6.18 6.33 7.3 3.37 3.42 3.8
Interest Cover(x) 47.51 118.41 382.35 664.28 331.35 831.09 518.52 524.75 426.51 553.37
Total Debt/Mcap(x) 0.01 0 0 0 0 0 0 0 0 0

Finolex Cables Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 35.86 35.86 35.86 35.86 35.86 35.86 35.86 35.86 35.86 35.86
FII 11.05 11.56 11.65 11.32 11 10.57 10.66 9.9 9.42 9.62
DII 15.9 15.85 16.84 16.73 16.24 16.06 15.56 15.87 15.76 16.43
Public 37.03 36.58 35.66 36.09 36.91 37.51 37.91 38.37 38.96 38.1
Others 0.16 0.16 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Finolex Cables News

Finolex Cables Pros & Cons

Pros

  • Debtor days have improved from 20.47 to 20.24days.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 35.86%.
  • Company has a low return on equity of 13% over the last 3 years.
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