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    • Finolex Cables Share Price

    Large Cap
    ₹1,333.9
    + 39.35 (3.04%)
    09 October, 2024 01:10 BSE: 500144 NSE: FINCABLES ISIN: INE235A01022

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    Finolex Cables Performance

    Day Range

    • Low 1,267
    • High 1,351
    ₹ 1,333

    52 Week Range

    • Low 831
    • High 1,700
    ₹ 1,333
    • Open Price1,305
    • Previous Close1,295
    • Volume465274

    Finolex Cables Chart

    • Over 1 Month -5.61%
    • Over 3 Month -19.96%
    • Over 6 Month + 34.59%
    • Over 1 Year + 24.37%

    Finolex Cables Key Statistics

    P/E Ratio 27.7
    PEG Ratio 0.8
    Market Cap Cr 20,401
    Price to Book Ratio 4.1
    EPS 36.7
    Dividend 0.6
    Relative Strength Index 38.42
    Money Flow Index 75.52
    MACD Signal -14.73
    Average True Range 53.79

    Finolex Cables Investment Rating

    • Master Rating:

    • Finolex Cables has an operating revenue of Rs. 5,040.62 Cr. on a trailing 12-month basis. An annual revenue growth of 13% is good, Pre-tax margin of 14% is healthy, ROE of 13% is good. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles. The stock from a technical standpoint is trading below to its 50DMA and around 10% up from its 200DMA. It needs to take out the 50DMA levels and stay above it to make any further meaningful move. From an O'Neil Methodology perspective, the stock has an EPS Rank of 79 which is a FAIR score but needs to improve its earnings, a RS Rating of 44 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at D- which indicates heavy supply, Group Rank of 40 indicates it belongs to a strong industry group of Electrical-Power/Equipmt and a Master Score of B is close to being the best. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock has mediocre earnings and technical strength, there are superior stocks in the current market environment.

    EPS Strength

    Price Strength

    Buyer Demand

    Group Rank

    Finolex Cables Financials
    IndicatorJun 2024Mar 2024Dec 2023Sep 2023Jun 2023Mar 2023
    Oper Rev Qtr Cr 1,2301,4011,2221,1871,2041,224
    Operating Expenses Qtr Cr 1,1101,2421,0891,0431,0601,077
    Operating Profit Qtr Cr 120159133144144148
    Depreciation Qtr Cr 111211111115
    Interest Qtr Cr 010001
    Tax Qtr Cr 335039524039
    Net Profit Qtr Cr 123146128165132135
    IndicatorMar 2024Mar 2023
    Total Revenue Annual Cr 5,2324,679
    Operating Expenses Annual Cr 4,4343,986
    Operating Profit Annual in Cr 581496
    Depreciation Cr 4446
    Interest Annual Cr 21
    Tax Annual Cr 181144
    Net Profit Annual Cr 572502
    IndicatorMar 2024Mar 2023
    Cash from Operating Activity Annual Cr 577356
    Cash from Investing Activity Annual Cr -440-225
    Cash from Financing Annual Activity Cr -112-97
    Net Cash Flow Annual Cr 2635
    IndicatorMar 2024Mar 2023
    Total ShareHolders Funds Annual Cr 4,2063,710
    Fixed Assets Annual Cr 1,009456
    Total Non Current Assets Annual Cr 1,080872
    Total Current Assets Annual Cr 3,5483,212
    Total Assets Annual Cr 4,6284,083
    IndicatorMar 2024Mar 2023
    Book Value Per Share Annual Rs 275243
    ROE Annual % 1414
    ROCE Annual % 1817
    Total Debt to Total Equity Annual --
    EBDIT Annual Margin % 1615
    IndicatorJun 2024Mar 2024Dec 2023Sep 2023Jun 2023Mar 2023
    Oper Rev Qtr Cr 1,2301,4011,2221,1871,2041,224
    Operating Expenses Qtr Cr 1,1041,2391,0881,0411,0581,079
    Operating Profit Qtr Cr 127162134146147146
    Depreciation Qtr Cr 111211111115
    Interest Qtr Cr 010001
    Tax Qtr Cr 746347525053
    Net Profit Qtr Cr 244186151154160175
    IndicatorMar 2024Mar 2023
    Total Revenue Annual Cr 5,1904,599
    Operating Expenses Annual Cr 4,4263,972
    Operating Profit Annual in Cr 588509
    Depreciation Cr 4446
    Interest Annual Cr 21
    Tax Annual Cr 212145
    Net Profit Annual Cr 652504
    IndicatorMar 2024Mar 2023
    Cash from Operating Activity Annual Cr 577356
    Cash from Investing Activity Annual Cr -440-225
    Cash from Financing Annual Activity Cr -112-97
    Net Cash Flow Annual Cr 2635
    IndicatorMar 2024Mar 2023
    Total ShareHolders Funds Annual Cr 4,9464,370
    Fixed Assets Annual Cr 612456
    Total Non Current Assets Annual Cr 2,0871,769
    Total Current Assets Annual Cr 3,5483,212
    Total Assets Annual Cr 5,6354,980
    IndicatorMar 2024Mar 2023
    Book Value Per Share Annual Rs 323286
    ROE Annual % 1312
    ROCE Annual % 1412
    Total Debt to Total Equity Annual --
    EBDIT Annual Margin % 1514
    Invest in Finolex Cables

    Finolex Cables Technicals

    EMA & SMA

    Current Price
    ₹1,333.9
    + 39.35 (3.04%)
    pointer
    • Bullish Moving Average
    • ___
    • 3
    • Bearish Moving Average
    • ___
    • 13
    • 20 Day
    • ₹1,405.41
    • 50 Day
    • ₹1,432.53
    • 100 Day
    • ₹1,397.78
    • 200 Day
    • ₹1,284.28
    • 20 Day
    • ₹1,409.97
    • 50 Day
    • ₹1,447.26
    • 100 Day
    • ₹1,470.97
    • 200 Day
    • ₹1,240.75

    Finolex Cables Resistance and Support

    PIVOT
    ₹1,317.4
    Resistance
    First Resistance 1,367.60
    Second Resistance 1,401.30
    Third Resistance 1,451.50
    RSI 38.42
    MFI 75.52
    MACD Single Line -14.73
    MACD -25.73
    Support
    First Support 1,283.70
    Second Support 1,233.50
    Third Supoort 1,199.80

    Finolex Cables Delivery and Volume

    Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
    Day 479,412 29,752,309 62.06
    Week 304,739 17,135,446 56.23
    1 Month 369,960 10,628,955 28.73
    6 Month 431,892 12,874,694 29.81

    Finolex Cables Result Highlights

    Finolex Cables Synopsis

    NSE-Electrical-Power/Equipmt

    Finolex Cables is involved in the business activities of Manufacture of electric lighting equipment. Company’s Total Operating Revenue is Rs. 4481.11 Cr. and Equity Capital is Rs. 30.59 Cr. for the Year ended 31/03/2023. Finolex Cables Ltd. is a Public Limited Listed company incorporated on 05/06/1967 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L31300MH1967PLC016531 and registration number is 016531.
    Market Cap 19,799
    Sales 5,041
    Shares in Float 9.79
    No of funds 218
    Yield 0.62
    Book Value 4.71
    U/D Vol ratio 1.3
    LTDebt / Equity
    Alpha
    Beta 0.99

    Finolex Cables Shareholding Pattern

    Owner NameJun-24Mar-24Dec-23Sep-23
    Promoters 35.86%35.92%35.92%35.92%
    Mutual Funds 10.72%10.59%10.82%11.89%
    Insurance Companies 5.81%5.11%4.74%2.71%
    Foreign Portfolio Investors 11.64%11.58%11.06%11.77%
    Financial Institutions/ Banks 0.11%0.01%0.01%0.01%
    Individual Investors 16.55%17.47%17.77%17.37%
    Others 19.31%19.32%19.68%20.33%

    Finolex Cables Management

    Name Designation
    Mr. Deepak Chhabria Executive Chairman
    Mr. Ratnakar Prakash Barve Executive Director - Operations
    Mr. Nikhil Manohar Naik Non Executive Director
    Mr. Zubin Framroze Billimoria Independent Director
    Mr. Sriraman Raghuraman Independent Director
    Mrs. Vanessa Singh Independent Woman Director

    Finolex Cables Forecast

    Price Estimates

    2,000(9.8%)
    1,758(-3.5%)
    1,590(-12.7%)

    Other Analyst Rating

    Finolex Cables Corporate Action

    Date Purpose Remarks
    2024-08-10 Quarterly Results
    2024-05-23 Audited Results & Final Dividend
    2024-02-09 Quarterly Results
    2023-11-09 Quarterly Results
    2023-08-12 Quarterly Results
    Date Purpose Remarks
    2024-09-18 FINAL Rs.8.00 per share(400%)Final Dividend
    2023-09-22 FINAL Rs.7.00 per share(350%)Final Dividend

    About Finolex Cables

    Fincables India Ltd. is a leading manufacturer of electrical & optical cables based in India. Established to cater to the growing demand for high quality cable solutions, the company offers a diverse range of products, including power cables, control cables, & fiber optic cables. Fincables India is known for its commitment to quality, innovation, & customer service, ensuring that its products meet international standards. The company's focus on technological advancements & operational efficiency has positioned it as a significant player in the cable manufacturing industry.

    One of India's top producers of telecom & power cables is Finolex Cables Limited. As one of the nation's most diversified wire & cable firms, Finolex has been in business for more than 50 years & has managed to hold its dominant position.
    Finolex has ventured into the production of household appliances & Fast-Moving Electrical Goods (FMEG) in addition to a broad range of wires & cables. The company has built a solid reputation & been the go-to source for institutional & retail electrical solutions in India throughout the years.

    Plans for Expansion FY23: To increase plant capacity across all product categories, the company has budgeted Rs. 500 crores over the course of the next 18 to 20 months. In order to increase its fiber draw capacity & produce optical fiber preforms, it is also investing in backward integration. The company is adding more compound manufacturing capacity & increasing its auto cable capacity by 50%. By H2FY25, the upcoming capacity are expected to be commercialized. As part of its ongoing expansion plans, the company is also moving forward with the establishment of an e-beam factory.

    Finolex Cables FAQs

    What is Share Price of Finolex Cables ?

    Finolex Cables share price is ₹1,333 As on 09 October, 2024 | 00:56

    What is the Market Cap of Finolex Cables ?

    The Market Cap of Finolex Cables is ₹20400.6 Cr As on 09 October, 2024 | 00:56

    What is the P/E ratio of Finolex Cables ?

    The P/E ratio of Finolex Cables is 27.7 As on 09 October, 2024 | 00:56

    What is the PB ratio of Finolex Cables ?

    The PB ratio of Finolex Cables is 4.1 As on 09 October, 2024 | 00:56

    Is it a good time to buy Fincables India shares?

    Consider the company's market position in the cable industry & its financial performance before investing.

    What are the most important metrics that can help to analyze the share price of Fincables India?

    Key metrics include revenue from key segments, production capacity, & profit margins.
     

    How can you buy shares from the Fincables India?

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