Finolex Cables Ltd.

•

finolex.comBSE: 500144NSE: FINCABLES

Market Cap₹ 21,725 Cr.

Current Price

High / Low₹ 1,429 / 701

Stock P/E30.8

Book Value₹ 348

Price to Book2.33

Dividend Yield0.63 %

ROCE16.7 %

ROE12.8 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Electrical Cables: 65.4% • Copper Rod: 25.5% • Communication Cables: 6.0%

AI Sector View

AI GENERATED

Capital Goods

Buy

Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.

Confidence

72%

View full sector analysis →

PROS

Company is almost debt free
Latest quarter profit grew 59.4% YoY, showing strong momentum
Company has delivered good sales growth of 18.0% CAGR over last 5 years
Company comfortably covers its interest (462.1x coverage)
Working capital cycle has improved - days down from 235 to 180
Company has a consistent dividend-paying track record

CONS

Receivables are growing faster than sales - a possible quality concern
A large part of profit comes from other income (29.5% of PBT)
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.48x)
Operating margins have contracted to 10.0% from 15.5%
Expensive relative to growth - PEG of 4.1
Growth is decelerating - 3Y profit CAGR (7.5%) trails the 5Y trend (17.1%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Capital GoodsElectricalsCable

Part ofNIFTY500MOMENTM50 NIFTY TOTAL MKT NIFTY SML250 Q50 NIFTY 500 NIFTY SMLCAP 250

S.No.	Name
1.	POLYCAB	8364.00	44.00	126038.44	0.56	796.65	32.84	8209.73	39.01	34.93	13.84
2.	KEI	4636.90	44.47	44329.04	0.10	274.14	40.05	3185.34	22.97	20.23	12.43
3.	DHOOTTRANS	1570.35	80.98	32121.20	0.00	1326.70	—	14464.15	—	24.14	15.10
4.	RRKABEL	2436.70	45.36	27560.42	0.39	205.20	128.59	3168.20	53.90	28.43	9.01
5.	FINCABLES	1420.50	27.15	21725.03	0.63	249.04	53.14	2013.15	44.26	16.06	14.16
6.	PRECWIRE	463.10	499.66	8465.76	0.27	46.45	71.48	1779.24	61.20	33.09	4.76
7.	UNIVCABLES	1548.25	26.81	5371.71	0.29	70.14	-78.69	945.06	57.46	11.69	13.80
8.	LASERPOWER	290.55	26.90	4078.40	0.00	207.32	—	5215.47	—	24.84	12.62
9.	ADVAIT	2053.30	38.28	2246.93	0.10	14.80	65.77	179.27	51.37	28.24	13.36
10.	DYCL	455.20	24.19	2205.84	0.11	249.53	1270.52	3491.01	1232.27	26.80	10.89
11.	PARACABLES	65.70	35.27	2149.96	0.00	19.70	6.49	529.40	17.35	16.62	6.56
12.	QUADFUTURE	435.75	0.00	1743.00	0.00	-9.13	32.36	40.59	41.27	-7.01	-8.25

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	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
	1,060	1,043	1,089	1,242	1,110	1,213	1,053	1,428	1,265	1,233	1,446	1,748	1,787
Operating Profit	144	144	133	159	120	99	129	166	131	143	153	203	226
OPM %	11.99%	12.14%	10.90%	11.35%	9.78%	7.51%	10.91%	10.43%	9.37%	10.41%	9.56%	10.42%	11.22%
	39	85	45	50	46	102	45	55	54	110	41	33	51
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
Profit before Tax	172	217	167	196	156	188	162	208	171	239	179	219	277
Tax %	23.30%	23.94%	23.44%	25.44%	21.25%	22.38%	23.32%	27.04%	18.70%	21.65%	23.95%	26.35%	20.22%
Net Profit	132	165	128	146	123	146	124	152	139	187	136	161	221
	8.65	10.81	8.35	9.56	8.01	9.55	8.10	9.93	9.08	12.22	8.89	10.54	14.47

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	2,445	2,815	3,078	2,877	2,768	3,768	4,481	5,014	5,319	6,321	6,939
	2,073	2,398	2,649	2,507	2,413	3,353	3,986	4,434	4,810	5,691	6,213
Operating Profit	371	417	429	370	355	415	495	581	509	630	725
OPM %	15.19%	14.81%	13.93%	12.86%	12.82%	11.02%	11.05%	11.58%	9.57%	9.96%	10.45%
	100	133	145	172	77	152	199	218	253	238	235
Interest	4	1	1	2	1	2	1	2	2	2	2
Depreciation	48	44	41	39	39	39	46	44	47	59	67
Profit before Tax	419	504	532	501	392	527	646	753	714	807	914
Tax %	24.67%	29.00%	35.30%	19.72%	27.86%	23.17%	22.34%	24.08%	23.71%	22.81%	22.79%
Net Profit	316	358	344	402	283	405	502	572	544	623	705
EPS	20.70	23.42	22.50	26.32	18.50	26.46	32.81	37.37	35.59	40.72	—
Dividend Payout %	14.53%	17.08%	20.00%	20.90%	29.74%	22.68%	21.34%	21.41%	22.48%	22.10%	—

COMPOUNDED SALES GROWTH

10 Years:: 10%
5 Years:: 18%
3 Years:: 12%

COMPOUNDED PROFIT GROWTH

10 Years:: 10%
5 Years:: 17%
3 Years:: 7%

STOCK PRICE CAGR

10 Years:: 13%
5 Years:: 24%
3 Years:: 10%
1 Year:: 69%

RETURN ON EQUITY

10 Years:: 14%
5 Years:: 13%
3 Years:: 13%
Last Year:: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	31	31	31	31	31	31	31	31	31	31
	1,847	2,163	2,409	2,688	2,920	3,233	3,679	4,175	4,569	5,068
	1	1	0	6	4	7	10	15	15	14
Trade Payables	188	177	208	159	176	190	209	234	242	222
	109	104	121	129	121	140	1,425	1,501	1,679	1,930
Total Liabilities	2,176	2,476	2,769	3,012	3,252	3,600	5,353	5,955	6,535	7,265
	415	409	404	387	394	380	435	444	583	848
Capital Work in Progress	8	5	10	27	26	87	21	168	210	105
	896	1,215	1,382	726	937	1,120	1,713	2,576	2,770	2,858
	462	499	587	593	755	653	675	576	717	1,023
	0	0	0	0	0	0	0	177	243	370
Cash & Bank	176	104	49	934	54	38	73	98	145	168
	219	244	337	345	1,085	1,322	2,436	1,915	1,867	1,893
Total Assets	2,176	2,476	2,769	3,012	3,252	3,600	5,353	5,955	6,535	7,265

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	341	370	316	419	231	605	488	577	207	49
Cash from Investing	-126	-134	-110	587	-859	-378	-225	-440	-82	153
Cash from Financing	-75	-57	-75	-86	-86	-87	-97	-112	-128	-129
	11	44	-30	810	-831	8	35	26	-3	73

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	35.86	35.86	35.86	35.86	35.86	35.86	35.86	35.86	35.86
	11.64	11.32	10.99	10.57	10.67	9.90	9.42	9.62	9.65
	16.83	16.73	16.24	16.06	15.56	15.87	15.76	16.43	16.70
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	35.66	36.09	36.91	37.51	37.91	38.37	38.96	38.10	37.79

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-05

Shareholders meeting

2026-09-05 - Finolex Cables Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 28, 2026

2026-09-04

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-04 - Finolex Cables Limited has informed the Exchange about Schedule of meet

2026-08-29

General Updates

2026-08-29 - Finolex Cables Limited has informed the Exchange about General Updates

2026-08-29

Record Date

2026-08-29 - Finolex Cables Limited has informed the Exchange that Record date for the purpose of Dividend is 04-Sep-2026.

2026-08-29

Record Date

2026-08-29 - Finolex Cables Limited has informed the Exchange that Record date for the purpose of Dividend is 04-Sep-2026.

2026-08-27

General Updates

2026-08-27 - Finolex Cables Limited has informed the Exchange about General Updates

2026-08-21

Updates

2026-08-21 - Finolex Cables Limited has informed the Exchange regarding 'Machine Readable Form copy of Financial Results for June 26'.

2026-08-18

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-18 - Finolex Cables Limited has informed the Exchange about Transcript

2026-08-13

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-13 - Finolex Cables Limited has informed the Exchange about Link of Recording

News

Recent coverage and analyst commentary for FINCABLES

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Finolex Cables Ltd.

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Free 5nance Account

Name

POLYCAB

8364.00

44.00

126038.44

0.56

796.65

32.84

8209.73

39.01

34.93

13.84

KEI

4636.90

44.47

44329.04

0.10

274.14

40.05

3185.34

22.97

20.23

12.43

DHOOTTRANS

1570.35

80.98

32121.20

0.00

1326.70

—

14464.15

—

24.14

15.10

RRKABEL

2436.70

45.36

27560.42

0.39

205.20

128.59

3168.20

53.90

28.43

9.01

FINCABLES

1420.50

27.15

21725.03

0.63

249.04

53.14

2013.15

44.26

16.06

14.16

PRECWIRE

463.10

499.66

8465.76

0.27

46.45

71.48

1779.24

61.20

33.09

4.76

UNIVCABLES

1548.25

26.81

5371.71

0.29

70.14

-78.69

945.06

57.46

11.69

13.80

LASERPOWER

290.55

26.90

4078.40

0.00

207.32

—

5215.47

—

24.84

12.62

ADVAIT

2053.30

38.28

2246.93

0.10

14.80

65.77

179.27

51.37

28.24

13.36

DYCL

455.20

24.19

2205.84

0.11

249.53

1270.52

3491.01

1232.27

26.80

10.89

PARACABLES

65.70

35.27

2149.96

0.00

19.70

6.49

529.40

17.35

16.62

6.56

QUADFUTURE

435.75

0.00

1743.00

0.00

-9.13

32.36

40.59

41.27

-7.01

-8.25

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

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

1,060

1,043

1,089

1,242

1,110

1,213

1,053

1,428

1,265

1,233

1,446

1,748

1,787

Operating Profit

144

133

159

120

129

166

131

143

153

203

226

OPM %

11.99%

12.14%

10.90%

11.35%

9.78%

7.51%

10.91%

10.43%

9.37%

10.41%

9.56%

10.42%

11.22%

102

110

Interest

Depreciation

Profit before Tax

172

217

167

196

156

188

162

208

171

239

179

219

277

Tax %

23.30%

23.94%

23.44%

25.44%

21.25%

22.38%

23.32%

27.04%

18.70%

21.65%

23.95%

26.35%

20.22%

Net Profit

132

165

128

146

123

146

124

152

139

187

136

161

221

8.65

10.81

8.35

9.56

8.01

9.55

8.10

9.93

9.08

12.22

8.89

10.54

14.47

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

2,445

2,815

3,078

2,877

2,768

3,768

4,481

5,014

5,319

6,321

6,939

2,073

2,398

2,649

2,507

2,413

3,353

3,986

4,434

4,810

5,691

6,213

Operating Profit

371

417

429

370

355

415

495

581

509

630

725

OPM %

15.19%

14.81%

13.93%

12.86%

12.82%

11.02%

11.05%

11.58%

9.57%

9.96%

10.45%

100

133

145

172

152

199

218

253

238

235

Interest

Depreciation

Profit before Tax

419

504

532

501

392

527

646

753

714

807

914

Tax %

24.67%

29.00%

35.30%

19.72%

27.86%

23.17%

22.34%

24.08%

23.71%

22.81%

22.79%

Net Profit

316

358

344

402

283

405

502

572

544

623

705

EPS

20.70

23.42

22.50

26.32

18.50

26.46

32.81

37.37

35.59

40.72

—

Dividend Payout %

14.53%

17.08%

20.00%

20.90%

29.74%

22.68%

21.34%

21.41%

22.48%

22.10%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

1,847

2,163

2,409

2,688

2,920

3,233

3,679

4,175

4,569

5,068

Trade Payables

188

177

208

159

176

190

209

234

242

222

109

104

121

129

121

140

1,425

1,501

1,679

1,930

Total Liabilities

2,176

2,476

2,769

3,012

3,252

3,600

5,353

5,955

6,535

7,265

415

409

404

387

394

380

435

444

583

848

Capital Work in Progress

168

210

105

896

1,215

1,382

726

937

1,120

1,713

2,576

2,770

2,858

462

499

587

593

755

653

675

576

717

1,023

177

243

370

Cash & Bank

176

104

934

145

168

219

244

337

345

1,085

1,322

2,436

1,915

1,867

1,893

Total Assets

2,176

2,476

2,769

3,012

3,252

3,600

5,353

5,955

6,535

7,265

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

341

370

316

419

231

605

488

577

207

Cash from Investing

-126

-134

-110

587

-859

-378

-225

-440

-82

153

Cash from Financing

-75

-57

-75

-86

-87

-97

-112

-128

-129

-30

810

-831

-3

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

35.86

11.64

11.32

10.99

10.57

10.67

9.90

9.42

9.62

9.65

16.83

16.73

16.24

16.06

15.56

15.87

15.76

16.43

16.70

Government

0.00

35.66

36.09

36.91

37.51

37.91

38.37

38.96

38.10

37.79

Finolex Cables Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Finolex Cables Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI