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Finolex Cables Ltd (FINCABLES)

₹1572.75.06%

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Overview
News
Financials
Q1 2024 Results
Technicals

Analyst Rating

based on 8 analysts

BUY

88.89%

Buy

11.11%

Hold

0.00%

Sell

Based on 8 analysts offering long term price targets for Finolex Cables Ltd. An average target of ₹1522.88

Source: S&P Global Market Intelligence

Finolex Cables Ltd Share analysis

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹1,564.3
    ₹1,667.4
  • 52 Week's Low

    52 Week's High

    ₹831.25
    ₹1,700
1 Month Return+ 5.22 %
3 Month Return+ 68.26 %
1 Year Return+ 84.73 %
Previous Close₹1,656.45
Open₹1,665.60
Volume3.05L
Upper Circuit-
Lower Circuit-
Market Cap₹25,333.64Cr

Key Statistics

P/E Ratio38.87
PEG Ratio4.03
Market Cap₹25,333.64 Cr
P/B Ratio3.35
EPS26.64

Mutual Fund Holdings

Funds HoldingsPrev. 6M
Nippon India Small Cap Fund - Direct Plan - Growth PlanNippon India Small Cap Fund - Direct Plan - Growth Plan0.8%
HDFC Childrens Gift Fund Direct PlanHDFC Childrens Gift Fund Direct Plan3.18%
HDFC Childrens Gift Fund Direct Plan(Lock-in)HDFC Childrens Gift Fund Direct Plan(Lock-in)3.18%
HSBC Small Cap Fund Fund Direct GrowthHSBC Small Cap Fund Fund Direct Growth1.81%
HSBC Value Fund Direct Plan Growth OptionHSBC Value Fund Direct Plan Growth Option1.76%

Company Information

Finolex Cables Ltd is an Indian manufacturer of electrical and telecommunication cables. Incorporated in 1958, the company has operations in India, Africa, Middle East and South East Asia and offers a wide range of products such as wires and cables, switches, fans and lighting products.

Their top products include PVC insulated cables, power cables, control cables, instrumentation cables, optical fibre cables, and aerial bunched cables. Finolex also has a number of popular brands such as Finolex, Finolex Gold, Finolex Lite, Finolex Star, Finolex Plus and Finolex Fan.

Share Price: ₹1572.70 per share as on 18 Jul, 2024 04:01 PM
Market Capitalisation: ₹25,333.64Cr as of today
Revenue: ₹1,401.02Cr as on March 2024 (Q1 24)
Net Profit: ₹186.10Cr as on March 2024 (Q1 24)
Listing date: 03 Nov, 1994
Chairperson Name: D K Chhabria
OrganisationFinolex Cables Ltd
HeadquartersPune
IndustryCables
E-voting on sharesClick here to vote

Key events for Finolex Cables Ltd

  • Finolex Cables Achieves 337% TSR in Last Five Years - 02 Jul, 2024

    Finolex Cables' shareholders have enjoyed a total shareholder return (TSR) of 337% over the last five years, thanks to compound earnings per share growth and dividend payments.

  • Finolex Cables JV Corning Finolex Optical Fibre Liquidated - 25 Jun, 2024

    The joint venture between Finolex Cables and Corning, Corning Finolex Optical Fibre, has been liquidated in accordance with the Insolvency and Bankruptcy Code. The National Company Law Tribunal's Mumbai Bench issued an order on June 6th, 2024, and a copy was received by Finolex Cables on June 24th, 2024.

  • Sharekhan Recommends Buying Finolex Cables with Target Price of Rs. 1800 - 12 Jun, 2024

    Finolex Cables Q4FY24 numbers show decent growth, led by strong demand from the construction sector. Capex for upgrading offerings in OFC, auto wires and backward integration would boost volumes and margins going forward. The company has healthy cash, zero debt and a lean working capital cycle. Sharekhan assigns a multiple of 30x on FY26 EPS and arrives at a revised PT of Rs. 1,800.

  • Anand Rathi Recommends Buy on Finolex Cables - 10 Jun, 2024

    Anand Rathi has recommended a buy call on Finolex Cables with a target price of Rs 1950. The company reported a consolidated total income of Rs 1450.69 crore for the quarter ended March 31, 2024, up 14.52% from the previous quarter and up 14.58% from the same quarter last year. Promoters held 35.92% stake in the company as of March 31, 2024, while FIIs owned 11.58%, DIIs 15.86%.

Insights on Finolex Cables Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 11.56% to 11.65% in Jun 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 3 quarters, 1.25K Cr → 1.50K Cr (in ₹), with an average increase of 8.3% per quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 150.98 Cr → 186.1 Cr (in ₹), with an average increase of 18.9% per quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 10.57% to 10.72% in Jun 2024 quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 3 months, FINCABLES stock has moved up by 68.3%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, KEI Industries Ltd has given 528.4% return, outperforming this stock by 316.9%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 35.86% of holdings in Jun 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Voltas Ltd has given 98.7% return, outperforming this stock by 14.0%

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 36.57% to 35.65% in Jun 2024 quarter

Company Financials

Value in ₹ crore
Q'1 24Q/Q Change
Revenue
₹1,401.02Cr
↑14.68%
Net Income
₹186.10Cr
↑23.26%
Net Profit Margin
13.28%
↑7.44%
2023Y/Y Change
Revenue
₹4,481.11Cr
↑18.92%
Net Income
₹504.28Cr
↓15.83%
Net Profit Margin
11.25%
↓29.25%
Value in ₹ crore
2023Y/Y Change
Total Assets
₹4,101.24Cr
↑13.46%
Total Liabilities
₹391.60Cr
↑11.59%
Value in ₹ crore
2023Y/Y Change
Operating Cash Flow
₹356.31Cr
↓24.68%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
35.86%
0.00
Foreign Institutions
11.65%
0.79
Mutual Funds
10.72%
1.44
Retail Investors
35.65%
-2.51
Others
6.12%
12.42

Key Indicators

Finolex Cables Ltd Valuation

Finolex Cables Ltd in the last 5 years

  • Overview

  • Trends

Lowest (5.84x)

March 24, 2020

Today (38.87x)

July 16, 2024

Industry (74.85x)

July 16, 2024

Highest (39.11x)

July 5, 2024

LowHigh

Earnings and Dividends

  • Finolex Cables Ltd Earnings Results

    Finolex Cables Ltd’s net profit jumped 6.34% since last year same period to ₹186.10Cr in the Q4 2023-2024. On a quarterly growth basis, Finolex Cables Ltd has generated 23.26% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • Finolex Cables Ltd Dividends May,2023

    In the quarter ending March 2023, Finolex Cables Ltd has declared dividend of ₹7 - translating a dividend yield of 0.78%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Neutral

Finolex Cables Ltd is currently in a Neutral trading position according to technical analysis indicators.

Frequently Asked Questions

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Finolex Cables Ltd (FINCABLES) share price today is ₹1572.7

Finolex Cables Ltd is listed on NSE

Finolex Cables Ltd is listed on BSE

  • Today’s highest price of Finolex Cables Ltd is ₹1667.4.
  • Today’s lowest price of Finolex Cables Ltd is ₹1564.3.

PE Ratio of Finolex Cables Ltd is 38.87

PE ratio = Finolex Cables Ltd Market price per share / Finolex Cables Ltd Earnings per share

Today’s traded volume of Finolex Cables Ltd(FINCABLES) is 3.05L.

Today’s market capitalisation of Finolex Cables Ltd(FINCABLES) is ₹25333.64Cr.

Finolex Cables Ltd(FINCABLESPrice
52 Week High
₹1700
52 Week Low
₹831.25

Finolex Cables Ltd(FINCABLES) share price is ₹1572.7. It is down -7.49% from its 52 Week High price of ₹1700

Finolex Cables Ltd(FINCABLES) share price is ₹1572.7. It is up 89.20% from its 52 Week Low price of ₹831.25

Finolex Cables Ltd(FINCABLESReturns
1 Day Returns
-83.75%
1 Month Returns
5.22%
3 Month Returns
68.26%
1 Year Returns
84.73%