Finolex Cables Ltd

Finolex Cables Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Finolex Cables Ltd

₹ 1,151 -0.07%
03 Dec - close price
finolex.com BSE: 500144 NSE: FINCABLES
About

Finolex Cables Limited is a leading manufacturer of electrical and telecommunication cables in India. Operating for more than 50 years, Finolex has been able to maintain its leadership position as one of the most diversified wires and cables companies in the country.

Besides manufacturing a wide variety of wires and cables, Finolex has also forayed into the manufacturing of Fast-Moving Electrical Goods (FMEG) and home appliances. Over the years, the Company has established itself as a preferred electrical solutions provider for retail and institutional markets in India and created a strong brand name. [1]

Key Points

Market Share[1]
As of FY24, they have 24.9% market share in the organized wire industry​

Website BSE NSE
  • Market Cap ₹ 17,608 Cr.
  • Current Price ₹ 1,151
  • High / Low ₹ 1,700 / 831
  • Stock P/E 32.4
  • Book Value ₹ 285
  • Dividend Yield 0.70 %
  • ROCE 18.7 %
  • ROE 14.2 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 21.8%
  • Company's working capital requirements have reduced from 116 days to 68.3 days

Cons

  • Company has a low return on equity of 13.9% over last 3 years.
  • Earnings include an other income of Rs.243 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Cables Industry: Cables - Power

Part of Nifty500 Multicap India Manufacturing 50:30:20 BSE 400 MidSmallCap Index BSE 500 Nifty Total Market Nifty 500 Multicap 50:25:25

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
933 973 1,187 1,016 1,091 1,150 1,224 1,204 1,187 1,222 1,401 1,230 1,312
813 864 1,070 902 998 1,009 1,077 1,060 1,043 1,089 1,242 1,110 1,213
Operating Profit 120 109 117 114 93 141 148 144 144 133 159 120 99
OPM % 13% 11% 10% 11% 9% 12% 12% 12% 12% 11% 11% 10% 8%
98 19 20 17 106 33 42 39 85 45 50 46 102
Interest 0 0 1 0 0 0 1 0 0 0 1 0 0
Depreciation 10 10 9 9 11 11 15 10 11 11 12 11 12
Profit before tax 207 117 126 121 188 163 174 172 217 167 196 156 188
Tax % 28% 19% 17% 21% 27% 17% 22% 23% 24% 23% 25% 21% 22%
150 95 105 96 137 135 135 132 165 128 146 123 146
EPS in Rs 9.79 6.22 6.84 6.25 8.94 8.82 8.80 8.65 10.81 8.35 9.56 8.01 9.55
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
2,271 2,359 2,449 2,360 2,445 2,815 3,078 2,877 2,768 3,768 4,481 5,014 5,165
2,041 2,111 2,189 2,021 2,073 2,392 2,622 2,507 2,413 3,352 3,986 4,434 4,654
Operating Profit 230 248 260 339 371 423 455 370 355 416 496 581 511
OPM % 10% 11% 11% 14% 15% 15% 15% 13% 13% 11% 11% 12% 10%
1 59 81 64 100 127 118 172 77 151 198 218 243
Interest 13 14 14 9 4 1 1 2 1 2 1 2 2
Depreciation 47 48 64 58 48 44 41 39 39 39 46 44 45
Profit before tax 171 244 263 336 419 504 532 501 392 527 646 753 707
Tax % 15% 15% 25% 26% 25% 29% 35% 20% 28% 23% 22% 24%
145 208 199 249 316 358 344 402 283 405 502 572 543
EPS in Rs 9.50 13.58 12.99 16.27 20.65 23.42 22.50 26.32 18.50 26.46 32.81 37.37 35.47
Dividend Payout % 13% 12% 14% 15% 15% 17% 20% 21% 30% 23% 21% 21%
Compounded Sales Growth
10 Years: 8%
5 Years: 10%
3 Years: 22%
TTM: 8%
Compounded Profit Growth
10 Years: 11%
5 Years: 10%
3 Years: 26%
TTM: -4%
Stock Price CAGR
10 Years: 16%
5 Years: 27%
3 Years: 26%
1 Year: 13%
Return on Equity
10 Years: 14%
5 Years: 13%
3 Years: 14%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 31 31 31 31 31 31 31 31 31 31 31 31 31
Reserves 894 1,073 1,234 1,565 1,847 2,163 2,409 2,688 2,920 3,233 3,679 4,175 4,329
181 147 127 51 1 1 1 8 7 9 14 18 19
299 314 242 272 297 281 329 285 294 328 360 404 592
Total Liabilities 1,404 1,564 1,634 1,918 2,176 2,476 2,769 3,012 3,252 3,600 4,083 4,628 4,970
412 496 464 432 415 409 404 387 394 380 435 444 490
CWIP 36 11 7 3 8 5 10 27 26 87 21 168 205
Investments 324 403 494 700 896 1,215 1,382 726 937 1,120 1,713 2,576 2,824
632 654 669 783 857 847 973 1,872 1,894 2,013 1,915 1,439 1,452
Total Assets 1,404 1,564 1,634 1,918 2,176 2,476 2,769 3,012 3,252 3,600 4,083 4,628 4,970

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
149 224 183 276 213 236 154 309 114 473 356 577
-32 -67 -186 -127 -126 -134 -110 587 -859 -378 -225 -440
-46 -61 -39 -68 -75 -57 -75 -86 -86 -87 -97 -112
Net Cash Flow 71 96 -43 81 11 44 -30 810 -831 8 35 26

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 24 22 18 19 19 23 25 24 23 17 18 13
Inventory Days 72 74 65 70 98 90 95 104 134 80 69 53
Days Payable 14 11 13 19 40 32 34 28 31 23 21 22
Cash Conversion Cycle 83 86 69 70 76 80 86 100 126 74 66 45
Working Capital Days 53 40 34 45 50 60 73 83 202 159 120 68
ROCE % 20% 20% 18% 21% 24% 25% 23% 19% 14% 17% 19% 19%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
35.92% 35.92% 35.92% 35.92% 35.92% 35.92% 35.92% 35.92% 35.92% 35.92% 35.86% 35.86%
9.37% 9.36% 9.25% 9.74% 10.22% 10.78% 11.25% 11.77% 11.06% 11.58% 11.64% 11.32%
16.47% 15.73% 15.28% 18.31% 18.10% 17.03% 15.56% 15.58% 15.93% 15.87% 16.83% 16.73%
38.24% 39.00% 39.56% 36.04% 35.77% 36.28% 37.27% 36.73% 37.09% 36.65% 35.66% 36.10%
No. of Shareholders 81,19090,84297,01299,80894,6521,00,1231,25,3441,28,5131,25,3511,28,4401,12,0711,24,788

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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