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Last Updated on: 21 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Finolex Cables Ltd

About the Company - Finolex Cables Ltd

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. Currently Company is involved in the business activities of Manufacture of other electronic and electric wires and cables. Company’s Total Operating Revenue is Rs. 3768.14 Cr. and Equity Capital is Rs. 30.59 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Cables - Power/Others26-27, Mumbai-Pune Road, Pimpri, Pune Maharashtra 411018investors@finolex.com
http://www.finolex.com
Management
NamePosition Held
Mr. Deepak ChhabriaExecutive Chairman
Mr. Ratnakar Prakash BarveExecutive Director - Operations
Mr. Nikhil Manohar NaikNon Executive Director
Mr. Zubin Framroze BillimoriaIndependent Director
Mr. Sriraman RaghuramanIndependent Director
Mrs. Vanessa SinghIndependent Woman Director

Basic Stock Data of Finolex Cables Ltd

Last Updated: June 17, 2024, 8:34 pm

Market Cap 24,387 Cr.
Current Price 1,595
High / Low1,630/780
Stock P/E42.7
Book Value 275
Dividend Yield0.44 %
ROCE19.0 %
ROE14.4 %
Face Value 2.00
PEG Ratio6.02

Finolex Cables Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales8309216759339731,1871,0161,0911,1501,2241,2041,1871,222
Expenses7247906058138641,0709029981,0091,0771,0601,0431,089
Operating Profit1071317012010911711493141148144144133
OPM %13%14%10%13%11%10%11%9%12%12%12%12%11%
Other Income191616981920171063342398545
Interest0000010001000
Depreciation81110101099111115101111
Profit before tax11713676207117126121188163174172217167
Tax %29%30%27%28%19%17%21%27%17%22%23%24%23%
Net Profit8396551509510596137135135132165128
EPS in Rs5.416.283.609.796.226.846.258.948.828.808.6510.818.35

Last Updated: June 7, 2024, 8:48 am

Finolex Cables Ltd Quarterly Chart

Finolex Cables Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2,0642,2712,3592,4492,3602,4452,8153,0782,8772,7683,7684,4814,766
Expenses1,8842,0412,1112,1892,0212,0732,3922,6222,5072,4133,3523,9864,189
Operating Profit180230248260339371423455370355416496578
OPM %9%10%11%11%14%15%15%15%13%13%11%11%12%
Other Income-5159816410012711817277151198198
Interest26131414941121212
Depreciation39474864584844413939394648
Profit before tax109171244263336419504532501392527646726
Tax %10%15%15%25%26%25%29%35%20%28%23%22%
Net Profit98145208199249316358344402283405502567
EPS in Rs6.429.5013.5812.9916.2720.6523.4222.5026.3218.5026.4632.8137.08
Dividend Payout %12%13%12%14%15%15%17%20%21%30%23%21%

Finolex Cables Ltd Profit & Loss Yearly Chart

Finolex Cables Ltd Growth

Compounded Sales Growth
10 Years:8%
5 Years:10%
3 Years:22%
TTM:12%
Compounded Profit Growth
10 Years:12%
5 Years:11%
3 Years:26%
TTM:14%
Stock Price CAGR
10 Years:25%
5 Years:29%
3 Years:49%
1 Year:85%
Return on Equity
10 Years:15%
5 Years:14%
3 Years:14%
Last Year:14%

Last Updated: June 17, 2024, 3:04 pm

Finolex Cables Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital31313131313131313131313131
Reserves7708941,0731,2341,5651,8472,1632,4092,6882,9203,2333,6793,892
Borrowings172181147127511118791419
Other Liabilities244299314242272297281329285294328360473
Total Liabilities1,2161,4041,5641,6341,9182,1762,4762,7693,0123,2523,6004,0834,414
Fixed Assets429412496464432415409404387394380435448
CWIP1236117385102726872123
Investments2373244034947008961,2151,3827269371,1201,7132,308
Other Assets5386326546697838578479731,8721,8942,0131,9151,635
Total Assets1,2161,4041,5641,6341,9182,1762,4762,7693,0123,2523,6004,0834,414

Finolex Cables Ltd Reserves and Borrowings Chart

Finolex Cables Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 206149224183276213236154309114473356
Cash from Investing Activity -30-32-67-186-127-126-134-110587-859-378-225
Cash from Financing Activity -166-46-61-39-68-75-57-75-86-86-87-97
Net Cash Flow107196-43811144-30810-831835

Finolex Cables Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days242218191923252423171813
Inventory Days72746570989095104134806953
Days Payable141113194032342831232122
Cash Conversion Cycle83866970768086100126746645
Working Capital Days5340344550607383202159120227
ROCE %20%20%18%21%24%25%23%19%14%17%19%

Finolex Cables Ltd Financial Efficiency Indicators Chart

Finolex Cables Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters35.92%35.92%35.92%35.92%35.92%35.92%35.92%35.92%35.92%35.92%35.92%35.92%
FIIs9.29%9.12%9.37%9.36%9.25%9.74%10.22%10.78%11.25%11.77%11.06%11.58%
DIIs16.60%16.22%16.47%15.73%15.28%18.31%18.10%17.03%15.56%15.58%15.93%15.87%
Public38.20%38.75%38.24%39.00%39.56%36.04%35.77%36.28%37.27%36.73%37.09%36.65%
No. of Shareholders73,51880,26681,19090,84297,01299,80894,6521,00,1231,25,3441,28,5131,25,3511,28,440

Finolex Cables Ltd Shareholding Pattern Chart

No. of Finolex Cables Ltd Shareholders

Finolex Cables Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Small Cap Fund3,014,2220.72270.24601,7792024-06-17400.89%
HDFC Childrens Gift Fund - Regular Plan2,008,1432.46180.04601,7792024-06-17233.7%
HSBC Small Cap Fund - Regular Plan1,990,5841.54178.47601,7792024-06-17230.78%
HSBC Value Fund1,511,5351.46135.52601,7792024-06-17151.18%
Franklin India Smaller Companies Fund1,482,0461.37132.87601,7792024-06-17146.28%
Nippon India Multi Cap Fund1,008,1420.4390.39601,7792024-06-1767.53%
Nippon India Flexi Cap Fund762,5811.4168.37601,7792024-06-1726.72%
DSP Tax Saver Fund674,7120.5260.49601,7792024-06-1712.12%
HSBC Infrastructure Fund611,6003.0354.83601,7792024-06-171.63%
DSP Small Cap Fund601,7790.4653.95601,7792024-06-170%

Finolex Cables Ltd ROCE Trend

Finolex Cables Ltd EPS Trend

Finolex Cables Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)42.6132.9739.1830.1725.57
Diluted EPS (Rs.)42.6132.9739.1830.1725.57
Cash EPS (Rs.)35.9231.4320.3318.1123.03
Book Value[Excl.RevalReserv]/Share (Rs.)323.36285.74256.43223.24196.38
Book Value[Incl.RevalReserv]/Share (Rs.)323.36285.74256.43223.24196.38
Revenue From Operations / Share (Rs.)327.85292.98246.36180.98188.12
PBDIT / Share (Rs.)49.9241.0032.6929.2431.05
PBIT / Share (Rs.)47.0537.9730.1526.6928.51
PBT / Share (Rs.)46.9237.8930.0526.6428.41
Net Profit / Share (Rs.)33.0528.3917.7915.5620.49
NP After MI And SOA / Share (Rs.)42.6132.9739.1730.1725.56
PBDIT Margin (%)15.2213.9913.2616.1516.50
PBIT Margin (%)14.3512.9512.2314.7415.15
PBT Margin (%)14.3112.9312.1914.7115.09
Net Profit Margin (%)10.089.697.228.5910.89
NP After MI And SOA Margin (%)12.9911.2515.9016.6713.58
Return on Networth / Equity (%)13.1711.5315.2713.5113.01
Return on Capital Employeed (%)13.5812.4610.9711.2313.76
Return On Assets (%)11.5610.1213.3311.8711.47
Asset Turnover Ratio (%)0.941.041.010.830.93
Current Ratio (X)10.5610.039.539.358.66
Quick Ratio (X)8.847.937.306.336.18
Inventory Turnover Ratio (X)6.105.213.973.163.43
Dividend Payout Ratio (NP) (%)0.0018.1914.0418.2217.60
Dividend Payout Ratio (CP) (%)0.0016.6613.1816.8016.00
Earning Retention Ratio (%)0.0081.8185.9681.7882.40
Cash Earning Retention Ratio (%)0.0083.3486.8283.2084.00
Interest Coverage Ratio (X)376.13505.73328.89588.38306.40
Interest Coverage Ratio (Post Tax) (X)250.05351.23179.99314.21203.20
Enterprise Value (Cr.)15213.5212344.185740.065771.692176.70
EV / Net Operating Revenue (X)3.032.751.522.090.75
EV / EBITDA (X)19.9219.6811.4812.914.58
MarketCap / Net Operating Revenue (X)3.052.771.532.101.08
Retention Ratios (%)0.0081.8085.9581.7782.39
Price / BV (X)3.092.841.471.711.04
Price / Net Operating Revenue (X)3.052.771.532.101.08
EarningsYield0.040.040.100.070.12

Finolex Cables Ltd Profitability Ratios (%)

Finolex Cables Ltd Liquidity Ratios

Finolex Cables Ltd Liquidity Ratios (%)

Finolex Cables Ltd Interest Coverage Ratios (%)

Finolex Cables Ltd Valuation Ratios

Fair Value

Fair Value: 1,698.36

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 6.48% compared to the current price 1595

Intrinsic Value: 1,818.87

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 14.04% compared to the current price ₹1595

Last 5 Year EPS CAGR: 7.10%

*Investments are subject to market risks

Strength and Weakness of Finolex Cables Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 18.33%, which is a positive sign.
  2. The company has higher reserves (2,182.08 cr) compared to borrowings (56.77 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (2.46 cr) and profit (413.08 cr) over the years.
  1. The stock has a high average Working Capital Days of 95.50, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 80.08, which may not be favorable.

FAQ

What is the latest fair value of Finolex Cables Ltd?

The latest fair value of Finolex Cables Ltd is ₹1698.36.

What is the Market Cap of Finolex Cables Ltd?

The Market Cap of Finolex Cables Ltd is 24,387 Cr..

What is the current Stock Price of Finolex Cables Ltd as on 21 June 2024?

The current stock price of Finolex Cables Ltd as on 21 June 2024 is ₹1,595.

What is the High / Low of Finolex Cables Ltd stocks in FY 2024?

In FY 2024, the High / Low of Finolex Cables Ltd stocks is 1,630/780.

What is the Stock P/E of Finolex Cables Ltd?

The Stock P/E of Finolex Cables Ltd is 42.7.

What is the Book Value of Finolex Cables Ltd?

The Book Value of Finolex Cables Ltd is 275.

What is the Dividend Yield of Finolex Cables Ltd?

The Dividend Yield of Finolex Cables Ltd is 0.44 %.

What is the ROCE of Finolex Cables Ltd?

The ROCE of Finolex Cables Ltd is 19.0 %.

What is the ROE of Finolex Cables Ltd?

The ROE of Finolex Cables Ltd is 14.4 %.

What is the Face Value of Finolex Cables Ltd?

The Face Value of Finolex Cables Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Finolex Cables Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE