Finolex Cables Limited FINCABLES NIFTY_SMALLNSEINFRA

Industrials · Electrical Equipment & Parts · India

https://www.finolex.com

Finolex Cables Limited engages in the manufacture and sale of electrical and communication cables, and other electrical appliances in India and internationally. The company operates through Electrical Cables, Communication Cables, Copper Rods, and Others segments. It offers PVC, flame retardant low smoke, halogen free flame retardant insulated industrial, and 3 core flat cables; communication cables, including CCTV, CAT6 LAN, optic fiber, speaker, RG6 coaxial, telephone, and FinoGreen cables; power and control cables; and agricultural, solar, and automotive cables. The company also provides switches, smart switches, accessories, and mounting boxes; and LED spot downlights, LED battens, and Double and Tri color panels, as well as LED floodlights and lens streetlights. In addition, it offers ceiling, table, wall mounted, pedestal, and exhaust fans; switchgear products, such as miniature and residual current circuit breakers, isolators, auto changeover current limiters, molded case circuit breakers, and distribution boards; instant, storage, and immersion water heaters; conduits and fittings; and smart door locks and switches. Finolex Cables Limited was founded in 1958 and is based in Pune, India.

Market & Price

Market Cap

₹17,378.50 Cr

Current Price

₹1,136.30

High / Low (52W)

₹1,177.25 / ₹710.80

Beta

0.49

Valuation

Stock P/E

24.33

Industry PE

27.78

Forward P/E

19.28

PEG Ratio

Book Value

₹372.71

Price to Book

3.05

P/S

2.91

EV/EBITDA

25.42

Dividend Yield

0.68%

Profitability & Returns

ROCE

14.16%

ROE

ROA

Profit Margin

11.42%

Op Margin

8.92%

EPS (Latest Qtr)

₹14.67

EPS (TTM)

₹46.70

Balance Sheet & Liquidity

Debt/Equity

0.38

Quick Ratio

Current Ratio

Debt

₹21.52 Cr

Total Assets

₹6,989.96 Cr

Current Assets

₹3,531.97 Cr

Working Capital

₹3,112.36 Cr

Ownership

Promoter Holding

58.66%

Chg in Prom Hold

FII / Inst Holding

19.64%

Chg in FII Hold

Financial Snapshot

Enterprise Value

₹15,159.23 Cr

Total Revenue (TTM)

₹5,964.51 Cr

EBITDA

₹596.36 Cr

Free Cash Flow

Operating Cash Flow

Shares Outstanding

₹15.29 Cr

Gross Margin

18.97%

Payout Ratio

17.97%

Growth (CAGR)

Revenue 5Y

12.75%

Profit 5Y

12.28%

Revenue (YoY)

35.20%

Earnings (YoY)

11.40%

PROS

Compounding revenue at 12.7% over 5 years.
Profit CAGR of 12.3% over 5 years.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	FINCABLES Finolex Cables Limited NIFTY_SMALLNSEINFRA	1,136.30	24.33	₹17,378.50 Cr	0.68%	14.16%	-	12.75%	12.28%
2	LT Larsen & Toubro Limited NIFTY50NSEAIINFRA	4,076.50	34.84	₹5.61 L Cr	0.93%	14.55%	16.95%	16.09%	15.38%
3	ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA	1,804.60	30.96	₹4.16 L Cr	0.42%	11.02%	15.59%	22.93%	34.11%
4	HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU	4,303.80	31.55	₹2.88 L Cr	1.16%	13.80%	23.98%	7.87%	16.08%
5	POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA	38,445.00	172.41	₹1.71 L Cr	0.02%	24.92%	21.04%	22.24%	119.12%
6	INDIGO InterGlobe Aviation Limited NSEINFRA	4,405.00	-	₹1.70 L Cr	0.24%	15.53%	-	44.12%	72.60%
7	CUMMINSIND Cummins India Limited NSEINFRA	5,881.00	68.97	₹1.63 L Cr	1.12%	34.95%	29.45%	16.07%	24.35%
8	CGPOWER CG Power and Industrial Solutions Limited NSEINFRA	917.45	118.99	₹1.44 L Cr	0.14%	19.35%	19.56%	21.67%	7.81%
9	POLYCAB Polycab India Limited NIFTY_MIDNSEAIINFRA	9,477.50	53.48	₹1.43 L Cr	0.37%	30.44%	24.58%	26.57%	28.11%

Quarterly Results

Figures in INR.

Metric	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	1,182.11 Cr	1,594.58 Cr	1,395.52 Cr	1,375.79 Cr	1,598.62 Cr	1,951.08 Cr
Cost of Revenue	-	928.71 Cr	1,282.69 Cr	1,130.20 Cr	1,104.69 Cr	1,304.74 Cr	1,610.35 Cr
Gross Profit	-	253.40 Cr	311.89 Cr	265.32 Cr	271.10 Cr	293.88 Cr	340.73 Cr
Operating Expenses	-	127.39 Cr	153.47 Cr	142.65 Cr	140.03 Cr	151.30 Cr	176.95 Cr
Operating Income	-	126.01 Cr	158.42 Cr	122.67 Cr	131.07 Cr	142.58 Cr	163.78 Cr
EBITDA	-	204.68 Cr	274.38 Cr	216.68 Cr	220.68 Cr	231.82 Cr	320.49 Cr
Interest Expense	-	39.00 L	50.00 L	42.00 L	44.00 L	45.00 L	44.00 L
Pretax Income	-	192.56 Cr	261.46 Cr	202.55 Cr	206.20 Cr	216.39 Cr	303.38 Cr
Tax Provision	-	45.31 Cr	69.75 Cr	39.93 Cr	43.56 Cr	52.36 Cr	78.95 Cr
Net Income	-	147.25 Cr	191.71 Cr	162.62 Cr	162.64 Cr	164.03 Cr	224.43 Cr
Diluted EPS	7.71	9.63	12.53	10.63	10.63	10.73	14.67

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue	-	4,410.28 Cr	4,936.81 Cr	5,318.89 Cr	6,321.01 Cr
Cost of Revenue	-	3,577.88 Cr	3,984.72 Cr	4,292.09 Cr	5,149.98 Cr
Gross Profit	-	832.40 Cr	952.09 Cr	1,026.80 Cr	1,171.03 Cr
Operating Expenses	-	367.24 Cr	406.93 Cr	532.13 Cr	610.93 Cr
Operating Income	-	465.16 Cr	545.16 Cr	494.67 Cr	560.10 Cr
EBITDA	-	697.09 Cr	909.67 Cr	970.73 Cr	989.67 Cr
Interest Expense	-	1.24 Cr	2.03 Cr	1.67 Cr	1.75 Cr
Pretax Income	-	649.45 Cr	863.79 Cr	922.45 Cr	928.52 Cr
Tax Provision	-	145.17 Cr	212.10 Cr	221.68 Cr	214.80 Cr
Net Income	-	504.28 Cr	651.69 Cr	700.77 Cr	713.72 Cr
Diluted EPS	-	32.97	42.61	45.82	46.67

Compounded Sales Growth

5 Years:	12.75%
1 Year:	35.20%

Compounded Profit Growth

5 Years:	12.28%
1 Year:	11.40%

Stock Price Performance

1 Year:	+19.70%
6 Months:	+51.94%
3 Months:	+37.70%
1 Month:	+13.26%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Assets	-	4,980.45 Cr	5,635.16 Cr	6,286.54 Cr	6,989.96 Cr
Current Assets	-	3,211.58 Cr	3,548.16 Cr	3,784.12 Cr	3,531.97 Cr
Cash & Equivalents	-	67.41 Cr	93.08 Cr	90.13 Cr	163.13 Cr
Inventory	-	674.62 Cr	576.33 Cr	717.03 Cr	1,023.17 Cr
Receivables	-	217.76 Cr	177.47 Cr	242.56 Cr	370.08 Cr
Total Liabilities	-	610.09 Cr	689.30 Cr	791.30 Cr	904.08 Cr
Current Liabilities	-	320.08 Cr	336.12 Cr	361.01 Cr	419.61 Cr
Long Term Debt	-	25.00 L	0	0	79.00 L
Total Debt	-	13.61 Cr	18.06 Cr	19.99 Cr	19.14 Cr
Total Equity	-	4,370.36 Cr	4,945.86 Cr	5,495.24 Cr	6,085.88 Cr
Shares Outstanding	-	15.29 Cr	15.29 Cr	15.29 Cr	15.29 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow	-	356.31 Cr	576.90 Cr	207.25 Cr	49.08 Cr
Investing Cash Flow	-	-224.64 Cr	-439.57 Cr	-82.09 Cr	152.83 Cr
Financing Cash Flow	-	-96.65 Cr	-111.66 Cr	-128.11 Cr	-128.91 Cr
Capital Expenditure	-	-31.02 Cr	-218.63 Cr	-236.43 Cr	-154.28 Cr
Free Cash Flow	-	325.29 Cr	576.90 Cr	-29.18 Cr	-105.20 Cr
Net Change in Cash	-	35.02 Cr	25.67 Cr	-2.95 Cr	73.00 Cr

Ratios (Annual)

Figures in %.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Gross Margin %	-	18.9%	19.3%	19.3%	18.5%
Operating Margin %	-	10.5%	11.0%	9.3%	8.9%
Net Margin %	-	11.4%	13.2%	13.2%	11.3%
ROE %	-	11.5%	13.2%	12.8%	11.7%
ROCE %	-	10.0%	10.3%	8.3%	8.5%

Shareholding Pattern

Insiders

58.66%

Institutions

19.64%

Public Float

47.50%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Matthews International Fds-Matthews Emerging Mkts Small Companies Fd	0.78%	11.92 L	₹135.40 Cr
2	Vanguard International Stock Index-Emerging Markets Stk	0.64%	9.79 L	₹111.24 Cr
3	Vanguard International Stock Index-Total Intl Stock Indx	0.62%	9.42 L	₹107.03 Cr
4	iShares Core MSCI Emerging Markets ETF	0.56%	8.61 L	₹97.79 Cr
5	DFA Emerging Markets Core Equity Portfolio	0.36%	5.50 L	₹62.54 Cr
6	DFA Investment Dimensions-DFA Emerging Mkts Value	0.32%	4.91 L	₹55.77 Cr
7	DFA Emerging Markets Small Cap Series	0.18%	2.72 L	₹30.96 Cr
8	iShares Core MSCI Total International Stock ETF	0.18%	2.77 L	₹31.53 Cr
9	Vanguard Intl Equity Index Fds-FTSE All World ex U.S.Small Cap Index	0.17%	2.59 L	₹29.47 Cr
10	WisdomTree Tr-WisdomTree Emerging Markets Small Cap Dividend Fund	0.17%	2.53 L	₹28.80 Cr

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FINCABLES · Industrials