Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 28 February, 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

Finolex Cables Ltd. Share Price Update

Share PriceValue
Today₹984.60
Previous Day₹982.25

Basic Stock Data of Finolex Cables Ltd

Market Cap 14,444 Cr.
Current Price 944
High / Low1,219/691
Stock P/E25.8
Book Value 256
Dividend Yield0.72 %
ROCE18.5 %
ROE14.4 %
Face Value 2.00

Data Source: screener.in

Finolex Cables Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales6398309216759339731,1871,0161,0911,1501,2241,2041,187
Expenses5577247906058138641,0709029981,0091,0771,0601,043
Operating Profit821071317012010911711493141148144144
OPM %13%13%14%10%13%11%10%11%9%12%12%12%12%
Other Income201916169819201710633423985
Interest0000001000100
Depreciation10811101010991111151011
Profit before tax9211713676207117126121188163174172217
Tax %25%29%30%27%28%19%17%21%27%17%22%23%24%
Net Profit698396551509510596137135135132165
EPS in Rs4.525.416.283.609.796.226.846.258.948.828.808.6510.81

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:7%
5 Years:10%
3 Years:16%
TTM:9%
Compounded Profit Growth
10 Years:12%
5 Years:7%
3 Years:8%
TTM:19%
Stock Price CAGR
10 Years:29%
5 Years:21%
3 Years:37%
1 Year:48%
Return on Equity
10 Years:15%
5 Years:14%
3 Years:13%
Last Year:14%

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 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days202422181919232524231718
Inventory Days65727465709890951041348069
Days Payable131411131940323428312321
Cash Conversion Cycle72838669707680861001267466
Working Capital Days495340344550607383202159120
ROCE %17%20%20%18%21%24%25%23%19%14%17%19%

Finolex Cables Ltd Financial Efficiency Indicators Chart

Finolex Cables Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters35.92%35.92%35.92%35.92%35.92%35.92%35.92%35.92%35.92%35.92%35.92%35.92%
FIIs8.36%9.29%9.12%9.37%9.36%9.25%9.74%10.22%10.78%11.25%11.77%11.06%
DIIs18.11%16.60%16.22%16.47%15.73%15.28%18.31%18.10%17.03%15.56%15.58%15.93%
Public37.61%38.20%38.75%38.24%39.00%39.56%36.04%35.77%36.28%37.27%36.73%37.09%
No. of Shareholders65,57673,51880,26681,19090,84297,01299,80894,6521,00,1231,25,3441,28,5131,25,351

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)
Nippon India Small Cap Fund30142220.72270.24
HDFC Childrens Gift Fund - Regular Plan20081432.46180.04
HSBC Small Cap Fund - Regular Plan19905841.54178.47
HSBC Value Fund15115351.46135.52
Franklin India Smaller Companies Fund14820461.37132.87
Nippon India Multi Cap Fund10081420.4390.39
Nippon India Flexi Cap Fund7625811.4168.37
DSP Tax Saver Fund6747120.5260.49
HSBC Infrastructure Fund6116003.0354.83
DSP Small Cap Fund6017790.4653.95

Finolex Cables Ltd ROCE Trend

Finolex Cables Ltd EPS Trend

Finolex Cables Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)32.9739.1830.1725.5726.64
Diluted EPS (Rs.)32.9739.1830.1725.5726.64
Cash EPS (Rs.)31.4320.3318.1123.0322.73
Book Value[Excl.RevalReserv]/Share (Rs.)285.74256.43223.24196.38178.95
Book Value[Incl.RevalReserv]/Share (Rs.)285.74256.43223.24196.38178.95
Revenue From Operations / Share (Rs.)292.98246.36180.98188.12201.23
PBDIT / Share (Rs.)41.0032.6929.2431.0536.05
PBIT / Share (Rs.)37.9730.1526.6928.5133.39
PBT / Share (Rs.)37.8930.0526.6428.4133.33
Net Profit / Share (Rs.)28.3917.7915.5620.4920.08
NP After MI And SOA / Share (Rs.)32.9739.1730.1725.5626.64
PBDIT Margin (%)13.9913.2616.1516.5017.91
PBIT Margin (%)12.9512.2314.7415.1516.59
PBT Margin (%)12.9312.1914.7115.0916.56
Net Profit Margin (%)9.697.228.5910.899.97
NP After MI And SOA Margin (%)11.2515.9016.6713.5813.23
Return on Networth / Equity (%)11.5315.2713.5113.0114.88
Return on Capital Employeed (%)12.4610.9711.2313.7617.65
Return On Assets (%)10.1213.3311.8711.4712.91
Asset Turnover Ratio (%)1.041.010.830.931.11
Current Ratio (X)10.039.539.358.666.48
Quick Ratio (X)7.937.306.336.184.23
Inventory Turnover Ratio (X)5.213.973.163.434.22
Dividend Payout Ratio (NP) (%)18.1914.0418.2217.6015.01
Dividend Payout Ratio (CP) (%)16.6613.1816.8016.0013.65
Earning Retention Ratio (%)81.8185.9681.7882.4084.99
Cash Earning Retention Ratio (%)83.3486.8283.2084.0086.35
Interest Coverage Ratio (X)505.73328.89588.38306.40599.25
Interest Coverage Ratio (Post Tax) (X)351.23179.99314.21203.20334.79
Enterprise Value (Cr.)12344.185740.065771.692176.707252.65
EV / Net Operating Revenue (X)2.751.522.090.752.36
EV / EBITDA (X)19.6811.4812.914.5813.16
MarketCap / Net Operating Revenue (X)2.771.532.101.082.37
Retention Ratios (%)81.8085.9581.7782.3984.98
Price / BV (X)2.841.471.711.042.67
Price / Net Operating Revenue (X)2.771.532.101.082.37
EarningsYield0.040.100.070.120.05

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 of Finolex Cables Ltd Stock

Fair Value: ₹957.94

The stock is undervalued by 1.48% compared to the current price ₹944

*Investments are subject to market risks

Strength and Weakness of Finolex Cables Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 19.75%, 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 is trading at a high valuation with an average P/B ratio of 31.34 and average Dividend Yield of 14.33%.
  2. The stock has a high average Working Capital Days of 80.67, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 82.33, which may not be favorable.

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