Finolex Cables

₹1200.9 -65 | 5.1%

WEBSITE BSE:500144 NSE : FINOL. CABLE 26 Dec, 16:01

Market Cap ₹18366 Cr.

Stock P/E 28.2

P/B 4.2

Current Price ₹1200.9

Book Value ₹ 285

Face Value 2

52W High ₹1700

Dividend Yield 0.67%

52W Low ₹ 833

Edit Ratio

Finolex Cables Research see more...

Overview Inc. Year: 1967Industry: Cable

Finolex Cables Ltd is an India-based manufacturer of electrical and communication cables. The Company offers a number of electrical and communication cables. The Company's wire and cable products are utilized in programs, along with car, lights, cable television (TV), telephone and computers to business packages. Its range of merchandise consists of Electrical Switches, LED based lamps, fans, low voltage miniature circuit breakers (MCBs) and water warmers. The Company operates via four segments: Electrical Cables, Communication Cables, Copper Rods, and Others - Trading of Electrical and other goods. Electrical Cables segment manufactures electric cables and electricity, and control cables. The communication segment is engaged in production today's, new technology communique cables and conventional smartphone cables.

Finolex Cables Share Price

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Peer Comparison

Finolex Cables Quarterly Results

#(Fig in Cr.)	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018
Net Sales	785	744	688	657	796
Other Income	14	31	55	18	24
Total Income	799	775	743	675	820
Total Expenditure	684	634	589	559	681
Operating Profit	115	141	154	116	139
Interest	1	0	0	0	1
Depreciation	13	12	11	11	10
Exceptional Income / Expenses	0	0	0	0	0
Profit Before Tax	102	130	142	105	128
Provision for Tax	27	28	42	30	46
Profit After Tax	75	102	100	75	82
Adjustments	-75	-102	-100	-75	-82
Profit After Adjustments	0	0	0	0	0
Adjusted Earnings Per Share	4.9	6.7	6.5	4.9	5.3

Finolex Cables Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	2359	2449	2360	2445	2815	3078	2877	2768	3768	4481	5014	2885
Other Income	48	58	64	100	133	145	172	77	152	199	218	128
Total Income	2407	2508	2425	2545	2948	3223	3049	2845	3920	4680	5232	3013
Total Expenditure	2111	2189	2021	2073	2398	2649	2507	2413	3353	3986	4434	2463
Operating Profit	297	318	403	472	550	573	542	432	567	694	799	550
Interest	14	14	9	4	1	1	2	1	2	1	2	1
Depreciation	48	64	58	48	44	41	39	39	39	46	44	44
Exceptional Income / Expenses	10	23	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	244	263	336	419	504	532	501	392	527	646	753	505
Provision for Tax	36	64	88	103	146	188	99	109	122	144	181	146
Profit After Tax	208	199	249	316	358	344	402	283	405	502	572	359
Adjustments	0	0	0	0	0	0	0	0	0	0	0	-359
Profit After Adjustments	208	199	249	316	358	344	402	283	405	502	572	0
Adjusted Earnings Per Share	13.6	13	16.3	20.7	23.4	22.5	26.3	18.5	26.5	32.8	37.4	23.4

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	12%	22%	10%	8%
Operating Profit CAGR	15%	23%	7%	10%
PAT CAGR	14%	26%	11%	11%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	13%	32%	27%	17%
ROE Average	14%	14%	13%	16%
ROCE Average	19%	18%	18%	21%

Finolex Cables Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	1103	1265	1596	1877	2194	2440	2719	2951	3264	3710	4206
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	127	51	26	1	1	0	0	0	0	0	1
Other Non-Current Liabilities	35	35	30	24	42	68	54	50	42	707	659
Total Current Liabilities	299	282	267	273	240	261	239	251	294	936	1090
Total Liabilities	1564	1634	1918	2176	2476	2769	3012	3252	3600	5353	5955
Fixed Assets	496	464	432	415	409	404	387	394	380	435	445
Other Non-Current Assets	268	256	304	506	557	673	556	514	423	1090	1209
Total Current Assets	800	914	1183	1255	1510	1692	2069	2343	2797	3828	4302
Total Assets	1564	1634	1918	2176	2476	2769	3012	3252	3600	5353	5955

Finolex Cables Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	137	65	138	21	32	77	46	856	25	32	67
Cash Flow from Operating Activities	224	183	276	213	236	154	309	114	473	356	577
Cash Flow from Investing Activities	-67	-186	-127	-126	-134	-110	587	-859	-378	-225	-440
Cash Flow from Financing Activities	-61	-39	-68	-75	-57	-75	-86	-86	-87	-97	-112
Net Cash Inflow / Outflow	96	-43	81	11	44	-30	810	-831	8	35	26
Closing Cash & Cash Equivalent	233	22	219	32	77	46	856	25	32	67	93

Finolex Cables Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	13.58	12.99	16.27	20.65	23.42	22.5	26.31	18.5	26.45	32.8	37.37
CEPS(Rs)	16.74	17.17	20.06	23.79	26.28	25.15	28.86	21.04	28.99	35.84	40.24
DPS(Rs)	1.6	1.8	2.5	3	4	4.5	5.5	5.5	6	7	8
Book NAV/Share(Rs)	72.14	82.69	104.32	122.75	143.44	159.51	177.75	192.92	213.39	242.54	274.98
Core EBITDA Margin(%)	9.89	10.09	13.16	13.91	14.45	13.93	12.86	12.82	11.02	11.05	11.58
EBIT Margin(%)	10.3	10.75	13.41	15.86	17.54	17.31	17.48	14.19	14.02	14.44	15.05
Pre Tax Margin(%)	9.72	10.22	13.07	15.7	17.49	17.28	17.42	14.17	13.98	14.42	15.01
PAT Margin (%)	8.27	7.72	9.67	11.83	12.42	11.18	13.99	10.22	10.74	11.2	11.4
Cash Profit Margin (%)	10.2	10.2	11.92	13.63	13.94	12.5	15.34	11.63	11.77	12.23	12.27
ROA(%)	13.99	12.42	14.01	15.43	15.4	13.12	13.92	9.03	11.81	11.21	10.11
ROE(%)	20.48	16.78	17.4	18.19	17.6	14.85	15.61	9.98	13.02	14.39	14.44
ROCE(%)	21.95	20.95	22.74	24.03	24.84	22.99	19.49	13.86	17	18.56	19.07
Receivable days	21.44	18.7	17.33	17.1	18.94	22.88	25.24	23.97	17.13	16.08	14.38
Inventory Days	49.59	47.56	45.93	54.07	60.81	64.41	74.86	88.9	68.22	54.07	45.53
Payable days	12.21	12.06	16.48	29.4	32.81	31.08	32.14	29.78	22.52	20.53	20.47
PER(x)	8.07	21.84	17.23	25.01	28.58	21.22	7.73	20.59	14.28	24.75	26.78
Price/Book(x)	1.52	3.43	2.69	4.21	4.67	2.99	1.14	1.97	1.77	3.35	3.64
Dividend Yield(%)	1.46	0.63	0.89	0.58	0.6	0.94	2.7	1.44	1.59	0.86	0.8
EV/Net Sales(x)	0.75	1.77	1.75	3.16	3.6	2.36	0.76	2.09	1.52	2.75	3.03
EV/Core EBITDA(x)	5.93	13.6	10.21	16.38	18.44	12.65	4.02	13.37	10.12	17.8	19.04
Net Sales Growth(%)	3.89	3.82	-3.62	3.58	15.15	9.33	-6.51	-3.79	36.13	18.92	11.9
EBIT Growth(%)	40.34	7.08	24.77	22.66	19.43	5.31	-5.61	-21.87	34.43	22.56	16.62
PAT Growth(%)	42.96	-4.34	25.27	26.93	13.4	-3.94	16.97	-29.71	43.03	24.01	13.92
EPS Growth(%)	42.96	-4.34	25.27	26.93	13.4	-3.94	16.97	-29.71	43.03	24.01	13.92
Debt/Equity(x)	0.13	0.1	0.03	0	0	0	0	0	0	0	0
Current Ratio(x)	2.68	3.24	4.42	4.59	6.3	6.48	8.66	9.35	9.53	4.09	3.95
Quick Ratio(x)	1.5	2.11	3.19	2.9	4.22	4.23	6.18	6.33	7.3	3.37	3.42
Interest Cover(x)	17.85	20.28	38.59	98.74	351.33	579.11	324.44	516.95	347.46	522	371.86
Total Debt/Mcap(x)	0.09	0.03	0.01	0	0	0	0	0	0	0	0

Finolex Cables Shareholding Pattern

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	35.86	35.86	35.86	35.86	35.86	35.86	35.86	35.86	35.86	35.86
FII	9.23	7.83	8.3	8.87	11.24	11.75	11.05	11.56	11.65	11.32
DII	15.25	20.18	19.96	18.89	15.53	15.56	15.9	15.85	16.84	16.73
Public	39.49	35.97	35.72	36.22	37.21	36.68	37.03	36.58	35.66	36.09
Others	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	5.48	5.48	5.48	5.48	5.48	5.48	5.48	5.48	5.48	5.48
FII	1.41	1.2	1.27	1.36	1.72	1.8	1.69	1.77	1.78	1.73
DII	2.33	3.09	3.05	2.89	2.38	2.38	2.43	2.42	2.58	2.56
Public	6.04	5.5	5.46	5.54	5.69	5.61	5.66	5.59	5.45	5.52
Others	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0	0
Total	15.29	15.29	15.29	15.29	15.29	15.29	15.29	15.29	15.29	15.29

Pros

Debtor days have improved from 20.53 to 20.47days.
Company is almost debt free.

Cons

Promoter holding is low: 35.86%.
Company has a low return on equity of 14% over the last 3 years.
Stock is trading at 4.2 times its book value.

* 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.

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Finolex Cables

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Finolex Cables Research see more...

Overview Inc. Year: 1967Industry: Cable

Finolex Cables Share Price

Alert Data

Quarterly Price

Peer Comparison

Finolex Cables Quarterly Results

Finolex Cables Profit & Loss

Growth Rates

Finolex Cables Balance Sheet

Finolex Cables Cash Flow

Finolex Cables Ratios

Finolex Cables Shareholding Pattern

Finolex Cables News

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