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Finolex Cables Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹759.98Overvalued by 21.89%vs CMP ₹973.00

P/E (24.2) × ROE (12.4%) × BV (₹314.00) × DY (0.82%)

₹512.87Overvalued by 47.29%vs CMP ₹973.00
MoS: -89.7% (Negative)Confidence: 68/100 (Moderate)Models: All 9: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹825.9622%Over (-15.1%)
Graham NumberEarnings₹532.4016%Over (-45.3%)
Earnings PowerEarnings₹293.8013%Over (-69.8%)
DCFCash Flow₹631.3813%Over (-35.1%)
Net Asset ValueAssets₹314.417%Over (-67.7%)
EV/EBITDAEnterprise₹366.809%Over (-62.3%)
Earnings YieldEarnings₹401.207%Over (-58.8%)
ROCE CapitalReturns₹295.587%Over (-69.6%)
Revenue MultipleRevenue₹347.905%Over (-64.2%)
Consensus (9 models)₹512.87100%Overvalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 8.7%

*Investments are subject to market risks

Analyst Summary

Finolex Cables Ltd operates in the Cables - Power/Others segment, NSE: FINCABLES | BSE: 500144, current market price is ₹973.00, market cap is 14,876 Cr.. At a glance, stock P/E is 24.2, ROE is 12.4 %, ROCE is 16.2 %, book value is 314, dividend yield is 0.82 %. The latest intrinsic value estimate is ₹512.87, around 47.3% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹5,319 Cr versus the prior period change of 6.1%, while latest net profit is about ₹544 Cr with a prior-period change of -4.9%. The 52-week range shown on this page is 1,028/701, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisFinolex 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 L3…

This summary is generated from the stock page data available for Finolex Cables Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

62
Finolex Cables Ltd scores 62/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health77/100 · Strong
ROCE 16.2% GoodROE 12.4% GoodD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money30/100 · Weak
FII holding down -1.15% (6mo) SellingPromoter holding at 35.9% Stable
Earnings Quality60/100 · Moderate
OPM stable around 11% SteadyWorking capital: 59 days (improving) Efficient
Quarterly Momentum68/100 · Strong
Revenue (4Q): +7% YoY GrowingProfit (4Q): +11% YoY Positive
Industry Rank50/100 · Moderate
P/E 24.2 vs industry 33.8 In-lineROCE 16.2% vs industry 18.1% Average3Y sales CAGR: 12% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 25, 2026, 10:38 pm

Market Cap 14,876 Cr.
Current Price 973
Intrinsic Value₹512.87
High / Low 1,028/701
Stock P/E24.2
Book Value 314
Dividend Yield0.82 %
ROCE16.2 %
ROE12.4 %
Face Value 2.00
PEG Ratio2.79

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Finolex Cables Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Finolex Cables Ltd 14,876 Cr. 973 1,028/70124.2 3140.82 %16.2 %12.4 % 2.00
Diamond Power Infrastructure Ltd 8,522 Cr. 162 185/86.286.9 13.60.00 %%% 1.00
Motherson Sumi Wiring India Ltd 26,460 Cr. 39.9 53.6/32.042.5 2.781.42 %42.5 %35.9 % 1.00
Universal Cables Ltd 2,843 Cr. 819 1,008/42218.0 5390.49 %8.58 %5.06 % 10.0
Advait Infratech Ltd 2,198 Cr. 2,010 2,419/1,10054.2 2120.09 %27.7 %23.0 % 10.0
Industry Average22,457.20 Cr1,415.2633.75247.580.31%18.06%16.30%6.15

All Competitor Stocks of Finolex Cables Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 1,0911,1501,2241,2041,1871,2221,4011,2301,3121,1821,5951,3961,376
Expenses 9981,0091,0771,0601,0431,0891,2421,1101,2131,0531,4281,2651,233
Operating Profit 9314114814414413315912099129166131143
OPM % 9%12%12%12%12%11%11%10%8%11%10%9%10%
Other Income 10633423985455046102455554110
Interest 0010001000000
Depreciation 11111510111112111212121414
Profit before tax 188163174172217167196156188162208171239
Tax % 27%17%22%23%24%23%25%21%22%23%27%19%22%
Net Profit 137135135132165128146123146124152139187
EPS in Rs 8.948.828.808.6510.818.359.568.019.558.109.939.0812.22

Last Updated: January 1, 2026, 7:04 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 1:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 2,3592,4492,3602,4452,8153,0782,8772,7683,7684,4815,0145,3195,965
Expenses 2,1112,1892,0212,0732,3922,6222,5072,4133,3523,9864,4344,8035,371
Operating Profit 248260339371423455370355416496581516593
OPM % 11%11%14%15%15%15%13%13%11%11%12%10%10%
Other Income 59816410012711817277151198218246260
Interest 141494112121222
Depreciation 48645848444139393946444755
Profit before tax 244263336419504532501392527646753714796
Tax % 15%25%26%25%29%35%20%28%23%22%24%24%
Net Profit 208199249316358344402283405502572544614
EPS in Rs 13.5812.9916.2720.6523.4222.5026.3218.5026.4632.8137.3735.6040.12
Dividend Payout % 12%14%15%15%17%20%21%30%23%21%21%22%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-4.33%25.13%26.91%13.29%-3.91%16.86%-29.60%43.11%23.95%13.94%-4.90%
Change in YoY Net Profit Growth (%)0.00%29.45%1.78%-13.62%-17.20%20.77%-46.46%72.71%-19.16%-10.01%-18.84%

Finolex Cables Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:8%
5 Years:13%
3 Years:12%
TTM:9%
Compounded Profit Growth
10 Years:13%
5 Years:6%
3 Years:10%
TTM:0%
Stock Price CAGR
10 Years:14%
5 Years:24%
3 Years:22%
1 Year:-41%
Return on Equity
10 Years:14%
5 Years:13%
3 Years:14%
Last Year:12%

Last Updated: September 5, 2025, 4:00 am

Balance Sheet

Last Updated: December 4, 2025, 1:14 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 31313131313131313131313131
Reserves 1,0731,2341,5651,8472,1632,4092,6882,9203,2333,6794,1754,5694,776
Borrowings 1471275111187914182022
Other Liabilities 314242272297281329285294328360404451613
Total Liabilities 1,5641,6341,9182,1762,4762,7693,0123,2523,6004,0834,6285,0715,441
Fixed Assets 496464432415409404387394380435444583577
CWIP 1173851027268721168210303
Investments 4034947008961,2151,3827269371,1201,7132,5762,7703,066
Other Assets 6546697838578479731,8721,8942,0131,9151,4391,5071,496
Total Assets 1,5641,6341,9182,1762,4762,7693,0123,2523,6004,0834,6285,0715,441

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 224183276213236154309114473356577207
Cash from Investing Activity + -67-186-127-126-134-110587-859-378-225-440-82
Cash from Financing Activity + -61-39-68-75-57-75-86-86-87-97-112-128
Net Cash Flow 96-43811144-30810-83183526-3
Free Cash Flow 12915126317819911027759406325358-28
CFO/OP 99%89%102%92%88%69%113%65%146%98%127%68%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow101.00133.00288.00370.00422.00454.00362.00348.00407.00482.00563.00496.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 221819192325242317181317
Inventory Days 74657098909510413480695361
Days Payable 111319403234283123212221
Cash Conversion Cycle 86697076808610012674664557
Working Capital Days 403445506073822021591206859
ROCE %20%18%21%24%25%23%19%14%17%19%19%16%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 35.92%35.92%35.92%35.92%35.92%35.86%35.86%35.86%35.86%35.86%35.86%35.86%
FIIs 10.78%11.25%11.77%11.06%11.58%11.64%11.32%10.99%10.57%10.67%9.90%9.42%
DIIs 17.03%15.56%15.58%15.93%15.87%16.83%16.73%16.25%16.07%15.57%15.88%15.77%
Public 36.28%37.27%36.73%37.09%36.65%35.66%36.10%36.91%37.50%37.92%38.36%38.96%
No. of Shareholders 1,00,1231,25,3441,28,5131,25,3511,28,4401,12,0711,24,7881,37,3111,57,5331,59,0211,76,3531,89,711

Shareholding Pattern Chart

No. of Shareholders

Finolex Cables Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Small Cap Fund 3,040,235 0.33 219.582,920,3162026-02-22 11:00:454.11%
HSBC Small Cap Fund 1,903,645 0.91 137.49N/AN/AN/A
Franklin India Small Cap Fund 1,657,212 0.94 119.691,262,1532026-02-22 11:34:5531.3%
HDFC Childrens Fund 1,546,602 1.08 111.71,638,0812025-12-15 01:56:57-5.58%
HSBC Value Fund 1,511,535 0.75 109.171,511,5352025-04-22 17:25:360%
Nippon India Multi Cap Fund 1,008,142 0.15 72.811,008,1422025-04-22 17:25:360%
Tata Small Cap Fund 900,700 0.6 65.05900,7002025-04-22 17:25:360%
HDFC Hybrid Equity Fund 750,000 0.23 54.17N/AN/AN/A
DSP ELSS Tax Saver Fund 735,320 0.31 53.11808,1602025-12-07 04:37:54-9.01%
Franklin India Opportunities Fund 712,750 0.62 51.48N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 45.8242.6132.9739.1830.17
Diluted EPS (Rs.) 45.8242.6132.9739.1830.17
Cash EPS (Rs.) 33.6935.9231.4320.3318.11
Book Value[Excl.RevalReserv]/Share (Rs.) 359.28323.36285.74256.43223.24
Book Value[Incl.RevalReserv]/Share (Rs.) 359.28323.36285.74256.43223.24
Revenue From Operations / Share (Rs.) 347.75327.85292.98246.36180.98
PBDIT / Share (Rs.) 48.3049.9241.0032.6929.24
PBIT / Share (Rs.) 45.2547.0537.9730.1526.69
PBT / Share (Rs.) 45.1446.9237.8930.0526.64
Net Profit / Share (Rs.) 30.6533.0528.3917.7915.56
NP After MI And SOA / Share (Rs.) 45.8242.6132.9739.1730.17
PBDIT Margin (%) 13.8815.2213.9913.2616.15
PBIT Margin (%) 13.0114.3512.9512.2314.74
PBT Margin (%) 12.9814.3112.9312.1914.71
Net Profit Margin (%) 8.8110.089.697.228.59
NP After MI And SOA Margin (%) 13.1712.9911.2515.9016.67
Return on Networth / Equity (%) 12.7513.1711.5315.2713.51
Return on Capital Employeed (%) 11.6713.5812.4610.9711.23
Return On Assets (%) 11.1411.5610.1213.3311.87
Asset Turnover Ratio (%) 0.890.941.041.010.83
Current Ratio (X) 10.4810.5610.039.539.35
Quick Ratio (X) 8.508.847.937.306.33
Inventory Turnover Ratio (X) 8.226.105.213.973.16
Dividend Payout Ratio (NP) (%) 17.4516.4218.1914.0418.22
Dividend Payout Ratio (CP) (%) 16.3715.3916.6613.1816.80
Earning Retention Ratio (%) 82.5583.5881.8185.9681.78
Cash Earning Retention Ratio (%) 83.6384.6183.3486.8283.20
Interest Coverage Ratio (X) 442.34376.13505.73328.89588.38
Interest Coverage Ratio (Post Tax) (X) 281.68250.05351.23179.99314.21
Enterprise Value (Cr.) 13838.8515210.1312344.185740.065771.69
EV / Net Operating Revenue (X) 2.603.032.751.522.09
EV / EBITDA (X) 18.7319.9219.6811.4812.91
MarketCap / Net Operating Revenue (X) 2.633.052.771.532.10
Retention Ratios (%) 82.5483.5781.8085.9581.77
Price / BV (X) 2.543.092.841.471.71
Price / Net Operating Revenue (X) 2.633.052.771.532.10
EarningsYield 0.050.040.040.100.07

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

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. 5318.89 Cr. and Equity Capital is Rs. 30.59 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Cables - Power/Others26-27, Mumbai-Pune Road, Pimpri, Pune Maharashtra 411018Contact not found
Management
NamePosition Held
Mr. Ratnakar BarveChairman & Wholetime Director
Mr. Nikhil NaikNon Exe.Non Ind.Director
Mr. Zubin BillimoriaIndependent Director
Mr. Sriraman RaghuramanIndependent Director
Mrs. Vanessa SinghIndependent Woman Director
Mr. Pravin AhireWhole Time Director

FAQ

What is the intrinsic value of Finolex Cables Ltd and is it undervalued?

As of 04 May 2026, Finolex Cables Ltd's intrinsic value is ₹512.87, which is 47.29% lower than the current market price of ₹973.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (12.4 %), book value (₹314), dividend yield (0.82 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Finolex Cables Ltd?

Finolex Cables Ltd is trading at ₹973.00 as of 04 May 2026, with a FY2026-2027 high of ₹1,028 and low of ₹701. The stock is currently near its 52-week high. Market cap stands at ₹14,876 Cr..

How does Finolex Cables Ltd's P/E ratio compare to its industry?

Finolex Cables Ltd has a P/E ratio of 24.2, which is below the industry average of 33.75. This is broadly in line with or below the industry average.

Is Finolex Cables Ltd financially healthy?

Key indicators for Finolex Cables Ltd: ROCE of 16.2 % indicates efficient capital utilization. Dividend yield is 0.82 %.

Is Finolex Cables Ltd profitable and how is the profit trend?

Finolex Cables Ltd reported a net profit of ₹544 Cr in Mar 2025 on revenue of ₹5,319 Cr. Compared to ₹405 Cr in Mar 2022, the net profit shows an improving trend.

Does Finolex Cables Ltd pay dividends?

Finolex Cables Ltd has a dividend yield of 0.82 % at the current price of ₹973.00. The company pays dividends, though the yield is modest.

Last Updated: April 25, 2026, 10:38 pm
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500144 | NSE: FINCABLES
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
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