Finolex Cables

Who are in the management team of Finolex Cables?

As of March 2022, the management team of Finolex Cables includes D K Chhabria (Executive Chairman), Nikhil Manohar Naik (Director), Raghuraman Sriraman (Independent Director), Zubin F Billimoria (Independent Director), Ratnakar Barve (Executive Director - Operations), Vanessa Singh (Independent Director), and Gayatri Kulkarni (Assistant Company Secretary). They oversee the company's operations and strategic direction.

As of March 2022, the management team of Finolex Cables includes the following individuals:<BR><BR>1. D K Chhabria - Executive Chairman<BR>2. Nikhil Manohar Naik - Director<BR>3. Raghuraman Sriraman - Independent Director<BR>4. Zubin F Billimoria - Independent Director<BR>5. Ratnakar Barve - Executive Director (Operation)<BR>6. Vanessa Singh - Independent Director<BR>7. Gayatri Kulkarni - Assistant Company Secretary<BR><BR>This team is responsible for overseeing the operations and strategic direction of the company.

What does Finolex Cables do?

Finolex Cables Ltd. is India's largest manufacturer of electrical and telecommunication cables, established in 1958, with a market cap of Rs 14,847 Cr and reported net sales of 1,595 Cr and net profit of 192 Cr for the quarter ending March 2025. Key metrics include a P/E of 21.00 and a dividend yield of 0.83%.

Overview: <BR>Finolex Cables Ltd. is India's largest manufacturer of electrical and telecommunication cables, operating in the Cables - Electricals industry within the mid-cap market segment.<BR><BR>History: <BR>Finolex Cables Limited was established in 1958 and has maintained its status as a leading manufacturer in its sector. The latest quarterly results reported net sales and net profit for the period ending March 2025.<BR><BR>Financial Snapshot: <BR>Net Sales: 1,595 Cr (Quarterly Results - Mar 2025) <BR>Net Profit: 192 Cr (Quarterly Results - Mar 2025) <BR>Market Cap: Rs 14,847 Cr (Mid Cap)<BR><BR>Key Metrics: <BR>P/E: 21.00 <BR>Industry P/E: 46 <BR>Dividend Yield: 0.83% <BR>Debt Equity: -0.46 <BR>Return on Equity: 12.75% <BR>Price to Book: 2.70 <BR><BR>Contact Details: <BR>Address: 26/27 Mumbai - Pune Road, Pimpri Pune Maharashtra : 411018 <BR>Tel: 91-20-27506200(15 lines)/27475963 <BR>Email: investors@finolex.com <BR>Website: http://www.finolex.com

Has Finolex Cables declared dividend?

Finolex Cables Ltd. has declared a 400% dividend, amounting to ₹8 per share, with an ex-date of September 17, 2024. While recent total returns have been negative, longer-term performance shows significant growth potential.

Finolex Cables Ltd. has declared a 400% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 400%<BR>- Amount per share: 8<BR>- Ex-date: 17 Sep 24<BR><BR>Dividend Yield: 0.83%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -27.64%, with no dividend return, resulting in a total return of -27.64%.<BR><BR>Over the past year, the price return was -36.33%, with a dividend return of 0.51%, leading to a total return of -35.82%.<BR><BR>In the 2-year period, the price return was 24.4%, with a dividend return of 1.75%, culminating in a total return of 26.15%.<BR><BR>For the 3-year period, the price return was 147.92%, alongside a dividend return of 5.90%, resulting in a total return of 153.82%.<BR><BR>In the last 4 years, the price return was 101.64%, with a dividend return of 5.06%, leading to a total return of 106.7%.<BR><BR>Over the 5-year period, the price return was 265.78%, with a dividend return of 11.00%, resulting in a total return of 276.78%.<BR><BR>Overall, while Finolex Cables has declared a significant dividend, the recent total returns over shorter periods have been negative, indicating challenges in the company's stock performance. However, longer-term returns show substantial growth, suggesting potential for recovery and value creation over time.

Who are the peers of the Finolex Cables?

Finolex Cables' peers include Polycab India, KEI Industries, R R Kabel, and others, with varying management risk and growth ratings. Dynamic Cables leads in 1-year returns at 52.39%, while Finolex Cables has the lowest return at -33.37%.

Peers: The peers of Finolex Cables are Polycab India, KEI Industries, R R Kabel, Universal Cables, Dynamic Cables, Quadrant Future, Advait Energy, Paramount Comm., Plaza Wires.<BR><BR>Quality Snapshot: Excellent management risk is observed at Polycab India and Quadrant Future, while Good management risk is found at KEI Industries, R R Kabel, and Finolex Cables. Average management risk is noted at Universal Cables, Dynamic Cables, Advait Energy, and Paramount Comm., while Below Average management risk is present at Plaza Wires. In terms of Growth, Excellent growth is seen at Polycab India and Advait Energy, while Good growth is noted at KEI Industries and R R Kabel. Below Average growth is observed at Finolex Cables, Universal Cables, Quadrant Future, and the rest. Excellent capital structure is found at Polycab India, KEI Industries, R R Kabel, and Finolex Cables, while Good capital structure is noted at Dynamic Cables and Quadrant Future. Average capital structure is present at Paramount Comm., and Below Average capital structure is seen at Universal Cables and Plaza Wires.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Dynamic Cables at 52.39%, while the lowest is Finolex Cables at -33.37%, indicating that Finolex's return is significantly lower than that of Dynamic Cables. Additionally, Universal Cables, KEI Industries, R R Kabel, and Plaza Wires all have negative six-month returns.

Who are the top shareholders of the Finolex Cables?

The top shareholders of Finolex Cables include Orbit Electricals Private Limited with 30.7%, Finolex Industries Limited at 14.51%, and individual investors with 18.48%. Additionally, mutual funds hold 9.92%, and foreign institutional investors have a combined stake of 2.19%, with no pledged promoter holdings reported.

The top shareholders of Finolex Cables include Orbit Electricals Private Limited, which holds the highest stake at 30.7%. Finolex Industries Limited is the highest public shareholder with a 14.51% ownership. Additionally, individual investors collectively own 18.48% of the shares. The company also has 27 mutual fund schemes holding a total of 9.92%, and 16 foreign institutional investors (FIIs) with a combined holding of 2.19%. There are no pledged promoter holdings reported.

How big is Finolex Cables?

As of 24th July, Finolex Cables Ltd. has a market capitalization of 14,087.00 Cr, with recent net sales of 5,318.89 Cr and a net profit of 700.77 Cr. Shareholder's funds are 4,945.86 Cr, and total assets amount to 5,635.16 Cr.

As of 24th July, Finolex Cables Ltd. has a market capitalization of 14,087.00 Cr, categorizing it as a Mid Cap company.<BR><BR>For the latest four quarters, Finolex Cables reported Net Sales of 5,318.89 Cr and a Net Profit of 700.77 Cr.<BR><BR>The latest annual period for the balance sheet is March 2024, with Shareholder's Funds amounting to 4,945.86 Cr and Total Assets of 5,635.16 Cr.

Is Finolex Cables overvalued or undervalued?

As of August 6, 2025, Finolex Cables is considered undervalued with a valuation grade upgrade to very attractive, featuring a PE ratio of 18.82, favorable compared to peers like Polycab India and KEI Industries, despite a recent stock decline, indicating a potential buying opportunity for long-term investors.

As of 6 August 2025, the valuation grade for Finolex Cables has moved from fair to very attractive, indicating a significant improvement in its perceived value. The company is currently considered undervalued. Key ratios include a PE ratio of 18.82, an EV to EBITDA of 19.67, and a ROCE of 16.74%. <BR><BR>In comparison to its peers, Finolex Cables has a more favorable valuation than Polycab India, which has a PE ratio of 46.34, and KEI Industries, with a PE of 48.98. Despite recent stock performance showing a decline of 41.54% over the past year against a 2.48% increase in the Sensex, the long-term outlook remains strong, with a 5-year return of 221.95%. This suggests that the current price may present a buying opportunity for investors.

Is Finolex Cables technically bullish or bearish?

As of November 18, 2025, Finolex Cables is in a bearish trend with moderate strength, indicated by bearish signals from moving averages, MACD, KST, and Bollinger Bands, along with underperformance compared to the Sensex.

As of 18 November 2025, the technical trend has changed from mildly bearish to bearish. The current technical stance for Finolex Cables is bearish with moderate strength. Key indicators driving this stance include a bearish signal from daily moving averages, a bearish MACD on the monthly timeframe, and a bearish KST on both weekly and monthly timeframes. Additionally, Bollinger Bands are indicating a mildly bearish trend on the weekly and bearish on the monthly. The stock's performance has also lagged significantly compared to the Sensex, particularly on a year-to-date basis.

How has been the historical performance of Finolex Cables?

Finolex Cables has shown consistent growth in net sales and profitability, with net sales increasing from ₹2,877.30 Cr in Mar'20 to ₹5,318.89 Cr in Mar'25, and earnings per share rising from ₹25.56 to ₹45.82 during the same period. Overall, the company's financial metrics indicate a robust growth pattern.

Answer:<BR>The historical performance of Finolex Cables shows a consistent growth trajectory in net sales and profitability over the years.<BR><BR>Breakdown:<BR>Finolex Cables has demonstrated a steady increase in net sales, rising from 2,877.30 Cr in Mar'20 to 5,318.89 Cr in Mar'25. This growth is reflected in the total operating income, which also increased from 2,877.30 Cr in Mar'20 to 5,318.89 Cr in Mar'25. The company's total expenditure, excluding depreciation, rose from 2,493.88 Cr in Mar'20 to 4,777.61 Cr in Mar'25, indicating higher raw material costs and other expenses. Operating profit (PBDIT) peaked at 738.70 Cr in Mar'25, although it showed a slight decline from 763.55 Cr in Mar'24. Profit before tax followed a similar trend, reaching 690.42 Cr in Mar'25, while profit after tax was 468.74 Cr in the same period. The earnings per share (EPS) increased from 25.56 in Mar'20 to 45.82 in Mar'25, reflecting improved profitability. The total assets of the company grew significantly from 3,406.80 Cr in Mar'20 to 6,286.54 Cr in Mar'25, with total liabilities also increasing from 3,406.80 Cr to 6,286.54 Cr during the same period. Overall, the financial metrics indicate a robust growth pattern for Finolex Cables over the years.

When is the next results date for Finolex Cables Ltd.?

The next results date for Finolex Cables Ltd. is 10 February 2026.

The next results date for Finolex Cables Ltd. is scheduled for 10 February 2026.

Are Finolex Cables Ltd. latest results good or bad?

Finolex Cables Ltd.'s latest results show strong revenue growth with a 35.23% increase in net sales and an 11.40% rise in net profit, but profitability margins have declined, raising concerns about sustaining profits amid rising costs. Overall, the results are mixed, with positive sales but challenges in profitability.

Finolex Cables Ltd.'s latest results present a mixed picture. On one hand, the company achieved a significant increase in consolidated net profit, reaching ₹164.03 crore, which is up 11.40% year-on-year. Additionally, net sales surged to ₹1,598.62 crore, reflecting a robust growth of 35.23% compared to the same quarter last year. This marks the highest quarterly revenue in the company's history, driven by strong demand in the electrical cable segments.<BR><BR>However, the positive revenue growth has not translated into improved profitability margins. The operating margin has contracted to 9.86%, down from 11.65% in the same quarter last year, indicating challenges in maintaining profitability amidst rising input costs and competitive pressures. The PAT margin also declined to 10.26%, a notable drop from 12.46% a year ago.<BR><BR>Overall, while the revenue growth is commendable, the erosion of margins raises concerns about the company's ability to sustain profitability in the face of ongoing challenges. Investors may view the results as good in terms of sales growth but concerning regarding profitability.

Why is Finolex Cables Ltd. falling/rising?

As of N/A, the stock price of Finolex Cables Ltd. is declining, currently at 851.20, due to a significant drop over the past week and concerns over its financial performance and high valuations compared to peers. Despite a year-to-date return of 13.55%, the company's profits have decreased, contributing to negative investor sentiment.

As of N/A, the stock price of Finolex Cables Ltd. is falling, currently at 851.20, reflecting a decrease of 4.3 (-0.5%). This decline can be attributed to several factors. Over the past week, the stock has experienced a significant drop of 11.61%, while the benchmark Sensex has only decreased by 2.66%. This indicates a relative underperformance of the stock compared to the broader market.<BR><BR>Additionally, the company's financial performance shows that, despite a year-to-date return of 13.55%, its profits have fallen by 2% over the past year, which may be contributing to investor concerns. The stock is currently trading at a premium compared to its peers' average historical valuations, which could also deter potential buyers. Furthermore, the company's flat results reported in December, along with the lowest return on capital employed (ROCE) at 15.10% and the lowest cash and cash equivalents at Rs 54.94 crore, suggest underlying financial weaknesses.<BR><BR>While the company has a low debt-to-equity ratio and high institutional holdings at 25.19%, these factors alone may not be sufficient to offset the negative sentiment stemming from its recent performance and valuation concerns. Thus, the combination of these elements is likely driving the stock's current decline.

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