Subscribe

Finolex Cables Limited (FINCABLES.NS)

INR1,037.80 +5.10 (+0.49%)
IN NSE Industrials Electrical Equipment & Parts
Address 26-27, Mumbai-Pune Road 411018
Pune, IN
CEO Mahesh Viswanathan
IPO 2002-07-01
ISIN INE235A01022

Explore sections of this company profile

Also trades on Bombay Stock Exchange · FINCABLES.BO (INR) National Stock Exchange of India · FINCABLES.NS (INR)
Description

Founded in Pune, India, in 1958, Finolex Cables Limited specializes in the production and distribution of an extensive range of electrical and communication cables, alongside various electrical appliances. While primarily serving the Indian market, the company also exports its goods to the United States and the United Arab Emirates. The company's operations are divided into key divisions: Electrical Cables, Communication Cables, Copper Rods, and a miscellaneous 'Other Products' segment. Within its electrical cable offerings, Finolex provides a comprehensive array, including insulated PVC cables designed for diverse applications such as motor winding, automotive, battery systems, UPS, elevators, and solar installations. This also encompasses heavy-duty, underground, and specialized power and control cables catering to both low and high voltage requirements. The communication cable portfolio features optic fiber, coaxial, local area network (LAN), CCTV, and speaker cables, in addition to various telephone cables (jelly-filled and PE insulated) and V-SAT cables. Beyond cables, the 'Other Products' segment encompasses a broad selection of consumer electrical goods. These include copper rods, essential electrical fittings like switches, sockets, and regulators, as well as a variety of lighting solutions such as CFL lamps (retrofit and non-retrofit), T5 tube lights, associated fittings, and modern LED-based systems. Furthermore, Finolex manufactures different types of fans (ceiling, table, wall, pedestal, and exhaust), a range of switchgear products (including miniature, residual current, and molded case circuit breakers, and distribution boards), conduit pipes and their fittings, and water heaters. Finolex Cables makes its products accessible through both online retail channels and traditional distribution networks.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
Loading outlook…
Loading forecast...
Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
Loading risk profile…
Price Chart
Averages
Trend
Price
Levels
Draw
INR1,037.80 +5.10 (+0.49%)
Loading historical data…
Volume Profile
Loading…
Liquidity & share structure
Average Volume
619.5K
Beta
0.52
Float Shares
66.12M
Free Float %
43.2%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-3.16% +8.78% +15.09% +24.77% +52.17% +52.06% +18.83% +42.33% +158.18% +223.40% +1,554.09%
Rolling Volatility
Loading…
Drawdown
Loading…
Relative Strength
Loading…
Monthly Returns Heatmap
From To
Loading…
Annual Monthly Returns
Loading…
Daily Returns Distribution
vs.
Loading histogram data…

Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
1,037.80
DCF (Unlevered) 983.29 -5.3%
DCF (Levered) 1,340.32 +29.1%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 5 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
13.45
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
4 / 5
High
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Electrical Equipment & Parts: +13.1%
    +18.8% Q1'26: +22.4% (vs Q1'25)
  • EPS growth Electrical Equipment & Parts: +22.4%
    +1.9% Q1'26: +17.1% (vs Q1'25)
  • FCF margin FCF growth · Electrical Equipment & Parts: +27.2%
    -1.6% Q1'26: +1.6% (vs Q1'25)
  • EBIT margin Electrical Equipment & Parts: +8.2%
    +8.9% Q1'26: +8.4% (vs Q1'25)
  • ROIC Electrical Equipment & Parts: +6.4%
    +10.6% Q1'26: +11.9% (vs Q1'25)
  • Share dilution Electrical Equipment & Parts: +0.0%
    0.0% Q1'26: 0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Electrical Equipment & Parts: -0.54×
    0.03× Q1'26: 0.03× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.49) × ERP
WACC = 100% × Ke + 0% × Kd (9.5%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 983.29 Current price: 1,037.80
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2005
actual
Mar 2006
actual
Mar 2007
actual
Mar 2010
actual
Mar 2011
actual
Mar 2012
actual
Mar 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
5 Rev. Ana.
4 EPS Ana.
Mar 2027
5 Rev. Ana.
5 EPS Ana.
Mar 2028
5 Rev. Ana.
5 EPS Ana.
Mar 2029
1 Rev. Ana.
1 EPS Ana.
Revenue
5.71B
est: 6.06B (-5.8%)
7.48B
est: 7.72B (-3.2%)
10.33B
est: 10.63B (-2.9%)
16.19B
est: 15.71B (+3.1%)
20.08B
est: 20.70B (-3.0%)
20.38B
est: 23.81B (-14.4%)
24.49B
est: 25.00B (-2.0%)
23.60B
est: 24.80B (-4.8%)
24.45B
est: 26.51B (-7.8%)
28.15B
est: 28.83B (-2.3%)
30.78B
est: 31.22B (-1.4%)
28.77B
est: 30.28B (-5.0%)
27.68B
est: 26.90B (+2.9%)
37.68B
est: 36.30B (+3.8%)
44.81B
est: 45.51B (-1.5%)
50.14B
est: 50.41B (-0.5%)
53.19B
est: 53.06B (+0.2%)
61.98B
60.76B – 63.06B
+16.8% YoY
69.83B
68.29B – 72.21B
+12.7% YoY
79.54B
77.30B – 81.23B
+13.9% YoY
97.87B
95.38B – 100.53B
+23.0% YoY
EBITDA
726.66M
est: 701.42M (+3.6%)
1.14B
est: 1.10B (+4.3%)
1.40B
est: 1.12B (+24.4%)
2.19B
est: 1.66B (+32.1%)
1.63B
est: 688.43M (+137.3%)
1.66B
est: 2.70B (-38.7%)
2.74B
est: 2.89B (-5.3%)
3.58B
est: 2.87B (+24.8%)
3.96B
est: 1.42B (+178.0%)
4.60B
est: 7.54B (-39.0%)
4.78B
est: 7.81B (-38.8%)
4.04B
est: 7.96B (-49.2%)
3.80B
est: 5.27B (-27.8%)
4.24B
est: 6.31B (-32.8%)
5.02B
est: 7.34B (-31.6%)
5.84B
est: 5.34B (+9.3%)
5.35B
est: 5.63B (-5.0%)
6.57B
6.44B – 6.69B
+16.7% YoY
7.40B
7.24B – 7.66B
+12.7% YoY
8.43B
8.19B – 8.61B
+13.9% YoY
10.38B
10.11B – 10.66B
+23.0% YoY
EBIT
468.07M
est: 643.64M (-27.3%)
830.62M
est: 540.44M (+53.7%)
1.13B
est: 634.70M (+78.6%)
1.82B
est: 937.73M (+94.2%)
1.25B
est: 2.08B (-40.0%)
1.26B
est: 2.48B (-49.1%)
2.18B
est: 2.66B (-18.0%)
3.00B
est: 2.63B (+14.0%)
3.48B
est: 1.73B (+100.6%)
4.16B
est: 3.84B (+8.4%)
4.38B
est: 4.29B (+2.1%)
3.66B
est: 4.15B (-11.7%)
3.43B
est: 2.83B (+21.2%)
3.87B
est: 3.39B (+14.1%)
4.63B
est: 3.94B (+17.5%)
5.44B
est: 5.00B (+8.9%)
4.93B
est: 5.27B (-6.4%)
6.15B
6.03B – 6.25B
+16.7% YoY
6.92B
6.77B – 7.16B
+12.7% YoY
7.89B
7.67B – 8.06B
+13.9% YoY
9.70B
9.46B – 9.97B
+23.0% YoY
Net Income
307.71M
est: 284.99M (+8.0%)
503.69M
est: 786.44M (-36.0%)
689.93M
est: 693.90M (-0.6%)
576.26M
est: 1.03B (-43.8%)
867.79M
est: 759.21M (+14.3%)
981.90M
est: 838.26M (+17.1%)
1.99B
est: 2.18B (-8.7%)
3.29B
est: 2.36B (+39.1%)
4.00B
est: 1.12B (+258.1%)
3.30B
est: 4.41B (-25.2%)
4.07B
est: 3.57B (+14.3%)
3.91B
est: 3.94B (-0.7%)
4.61B
est: 3.21B (+43.7%)
5.99B
est: 3.85B (+55.8%)
5.04B
est: 5.45B (-7.5%)
6.52B
est: 7.35B (-11.4%)
7.01B
est: 6.19B (+13.1%)
6.47B
6.25B – 6.69B
+4.5% YoY
7.19B
7.07B – 7.57B
+11.1% YoY
8.22B
8.10B – 8.68B
+14.4% YoY
10.17B
9.83B – 10.53B
+23.7% YoY
SGA
est: 274.59M (-100.0%)
454.23M
est: 1.04B (-56.3%)
603.77M
est: 1.36B (-55.5%)
987.30M
est: 2.01B (-50.8%)
1.25B
est: 2.30B (-45.6%)
1.38B
est: 1.06B (+30.2%)
2.78B
est: 1.13B (+145.2%)
1.21B
est: 1.12B (+7.9%)
1.41B
est: 2.70B (-47.7%)
1.66B
est: 2.59B (-35.8%)
1.75B
est: 2.63B (-33.5%)
1.79B
est: 2.37B (-24.5%)
1.55B
est: 2.41B (-35.7%)
1.60B
est: 2.89B (-44.8%)
1.98B
est: 3.36B (-41.2%)
2.11B
est: 2.28B (-7.1%)
2.22B
est: 2.40B (-7.3%)
2.80B
2.74B – 2.85B
+16.7% YoY
3.15B
3.08B – 3.26B
+12.7% YoY
3.59B
3.49B – 3.67B
+13.9% YoY
4.42B
4.31B – 4.54B
+23.0% YoY
EPS
2.01
est: 1.86 (+7.9%)
3.29
est: 2.98 (+10.4%)
4.51
est: 5.96 (-24.3%)
3.77
est: 5.11 (-26.2%)
5.68
est: 5.56 (+2.3%)
6.40
est: 5.45 (+17.3%)
12.99
est: 14.23 (-8.7%)
21.49
est: 15.46 (+39.0%)
26.17
est: 20.47 (+27.8%)
21.58
est: 24.66 (-12.5%)
26.64
est: 23.61 (+12.8%)
25.57
est: 25.57 (+0.0%)
30.17
est: 20.84 (+44.7%)
39.18
est: 27.83 (+40.8%)
32.97
est: 32.72 (+0.8%)
42.61
est: 48.07 (-11.4%)
45.82
est: 40.37 (+13.5%)
42.26
40.87 – 43.76
+4.7% YoY
47.79
46.21 – 49.48
+13.1% YoY
54.80
52.99 – 56.74
+14.7% YoY
66.50
64.31 – 68.86
+21.3% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 A 4/5 4/5 4/5 5/5 4/5 3/5 3/5
2026-05-27 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-05-26 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-05-25 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-05-22 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-05-21 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-05-20 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-05-19 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-05-18 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-05-15 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-05-14 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-05-13 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-05-12 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-05-11 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-05-08 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-05-07 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-05-06 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-05-05 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-05-04 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-04-30 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-04-29 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-04-28 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-04-27 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-04-24 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-04-23 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-04-22 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-04-21 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-04-20 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-04-17 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-04-16 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
830.24M
OE per share TTM
5.42
Owner's Yield
0.48%
Maintenance CapEx ratio
62.48%
Maint CapEx / Avg PPE
13.5%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 16 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Vanguard FTSE All-World ex-US Small-Cap ETF VSS 0.02% 2.74M 0.06%
2 Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO 0.01% 207.1K 0.26%
3 Vanguard FTSE Emerging Markets Shares ETF VGE.AX 0.01% 91.8K 0.48%
4 Vanguard FTSE Emerging Markets ETF VWO 0.01% 10.22M 0.06%
5 Vanguard ESG International Stock ETF VSGX 0.00% 141.3K 0.10%
6 Vanguard Total International Stock ETF VXUS 0.00% 10.97M 0.05%
7 Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating V3AA.L 0.00% 17.1K 0.24%
8 Vanguard ESG Global All Cap UCITS ETF (USD) Distributing V3AL.L 0.00% 17.1K 0.24%
9 Vanguard FTSE Global All Cap ex Canada Index ETF VXC.TO 0.00% 16.4K 0.22%
10 Vanguard Total World Stock ETF VT 0.00% 559.2K 0.06%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
3.55M
Shares Outstanding
152.94M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Mahesh Viswanathan Chief Financial Officer & Deputy Chief Executive Officer 49M male
Ratnakar Prakash Barve Chairman, Executive Director of Operations & Whole-Time Director 6M male
Pravin Ahire Whole-Time Director 3M male
Ravikumar Garg President of Commercial male
Siddhesh Mandke GM of Legal, Compliance Officer & Company Secretary male
Sunil Upmanyu President of Operations male
Amit Mathur President of Sales male
Ullal Manjunath Nayak Vice President of Commercial male
Pranab Kumar Mishra President of Finance & Taxation male
Ramchandra Jadhav Assistant Vice President of HR & IR male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

Share your view on this stock and instantly see how the community has voted over the last 6 months.

These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits