Finolex Cables Ltd Stock Analysis

BSE: 500144 | NSE: FINCABLES | Cable | Mid Cap

BSE Share Price 04-Oct-2022 18:01
463.60 2.55 (0.55%)

DeciZen - Make an Informed Decision on Finolex Cables

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Finolex Cables Price Chart

P/E Ratio (SA) :
15.93
Market Cap :
7,090.3 Cr.
52-wk low :
344
52-wk high :
608.7
Bole Toh?

1. Is Finolex Cables Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Finolex Cables Ltd is a good quality company.

2. Is Finolex Cables Ltd undervalued or overvalued?

The key valuation ratios of Finolex Cables Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Finolex Cables Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Finolex Cables Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Finolex Cables:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Finolex Cables Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 16.5%17.9%14.2%16.3%16.7%16%13.5%14.6%10.1%12.8%-
Value Creation Index 0.20.30.00.20.20.2-00.0-0.3-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,2712,3592,4492,3602,4452,8153,0782,8772,7683,7684,108
YoY Gr. Rt. %-3.9%3.8%-3.6%3.6%15.2%9.3%-6.5%-3.8%36.1%-
Adj EPS 10.613.111.615.71921.220.424.518.725.929.1
YoY Gr. Rt. %-24%-11.7%35.7%21%11.5%-3.9%20.3%-23.6%38.5%-
BVPS (₹) 60.472.182.7104.3122.8143.4159.5177.8192.9213.4219.7
Adj Net Profit 162201177241291324312375286397445
Cash Flow from Ops. 149224183276213236154309114473-
Debt/CF from Ops. 1.20.70.70.2000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.8%9%7%36.1%
Adj EPS 10.5%6.4%8.4%38.5%
BVPS 15.111.710.210.6
Share Price 26.2% -3% 8.2% -7.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 18.819.81516.816.815.913.514.610.112.813.4
Op. Profit Mgn % 10.511.111.115.215.214.814.614.113.811.311.2
Net Profit Mgn % 7.18.57.210.211.911.510.11310.410.510.8
Debt to Equity 0.20.10.10000000-
Working Cap Days 818679788590991181831850
Cash Conv. Cycle 556156494752617388650

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 13.40%

Sales growth is good in last 4 quarters at 35.58%

Sales growth has been subdued in last 3 years 6.98%

Net Profit has been subdued in last 3 years 8.36%

Latest Financials - Finolex Cables Ltd.

Standalone Consolidated
TTM EPS (₹) 29.1 41.3
TTM Sales (₹ Cr.) 4,108 4,108
BVPS (₹.) 219.7 262.5
Reserves (₹ Cr.) 3,329 3,984
P/BV 2.11 1.76
PE 15.93 11.16
From the Market
52 Week Low / High (₹) 344.00 / 608.65
All Time Low / High (₹) 5.05 / 750.00
Market Cap (₹ Cr.) 7,090
Equity (₹ Cr.) 30.6
Face Value (₹) 2
Industry PE 29

Management X-Ray of Finolex Cables :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Finolex Cables

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Finolex Cables Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Finolex Cables on 04-Oct-2022 18:01 is : 463.6.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Oct-2022 18:01 the market cap of Finolex Cables stood at ₹ 7,090.3.
The latest PE ratio of Finolex Cables as of 04-Oct-2022 18:01 is 15.93.
The latest PB ratio of Finolex Cables as of 04-Oct-2022 18:01 is 2.11
The 52-week high of Finolex Cables is ₹ 608.6 and the 52-week low is ₹ 344.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Finolex Cables is ₹ 4,108 ( Cr.) .

About Finolex Cables Ltd

Established in 1958, Finolex Cables is India’s largest and leading manufacturer of electrical and telecommunication cables. It has recently diversified into the fast-moving electrical goods (FMEG) segment with the aim of becoming a complete electrical products company.

The company started its operation with the manufacture of PVC insulated electrical cables for the automobile industry. Since then, the Company has constantly endeavored to augment its product range to include PVC Insulated Industrial Cables , FR-LSH PVC Insulated Industrial Cables, PVC Insulated Single Core and Multicore Flexible Industrial Cables, Rodent Repellent Multicore Flexible Industrial Cables, PVC Insulated Winding Wires and 3 Core Flat Cables, XLPE 3 Core Flat Cables, Power and Control Cables, High Voltage Power Cables (Up to 33 kV), Polyethylene Insulated Jelly Filled Telephone Cables, Auto & Battery Cables, Co-axial and CATV cables, LAN Cables, Switchboard Cables, Fibre Optic Cables, Solar Cables and others.

Besides a wide variety of Wires & Cables, the Company is also manufacturing lighting products, electrical accessories, switchgear, fans and water heaters.  The company has manufacturing facilities at Pimpri and Urse in Pune as well as at Goa & Uttarakhand. The company has, over the years, established its reputation as an innovative leader and quality manufacturer by continuously upgrading technology, modernising manufacturing facilities and maintaining highest standards of quality and services.

Today, the name Finolex has become synonymous with Quality and enjoys overwhelming confidence of the customers. Investors have also fancied its stock in view of its phenomenal progress leading to a manifold increase on investment in stock through the years.

Its long - decade journey is anchored on the pillars of its manufacturing excellence, innovation focus and technology edge. By maintaining the highest standards of quality and service, it has built a strong relationship with institutional and retail customers. It has always been striving for offering better products to market on time. For achieving this, Finolex Cables has set up four modern state-of-the-art plants. These manufacturing plants are located in Pimpri (Pune), Urse (Pune), Goa & Roorkee (Uttarakhand). All these manufacturing plants are well equipped with latest state-of-the-art modern machinery for producing quality product. All the plants are ISO 9001 certified. In addition to this, all plants are ISO 14000 certified. All the plants are equipped with the testing facilities for assuring the best quality products. All these plants are continuously upgraded to latest & modern technology for offering quality product at competitive prices. The safety records of all these plants are excellent.

Business area of the company

The Company is principally engaged in the manufacturing of Electricals Cables, Communication Cables & other electrical appliances.

Products

  • Wires & Cables
  • Optical Fibre Cables
  • Switches
  • LED Lightings
  • Fan
  • MCB
  • Water Heater

Milestones

  • 1958: The business was started as a partnership firm ‘Indian Cable Industries’.
  • 1960: Light Duty Cables Plant,Pimpri, Maharashtra
  • 1972: Promoters of Indian Cable Industries acquired Alpha Rubber Co. and thereafter company name changes to Finolex Cables Ltd.
  • 1974: Indian Cable Industries was dissolved and the business was taken over by Finolex Cables Ltd.
  • 1980: Low Voltage Power Cable Plant, Pimpri, Maharashtra
  • 1983: Finolex Cables Ltd. got listed via a maiden Public Issue Jelly Filled Telephone Cables Plant, Pimpri, Maharashtra
  • 1987: Technical Collaboration with NSW, Germany
  • 1989: Jelly Filled Telephone Cables Plant, Urse, Maharashtra
  • 1997: AT&T Finolex JV, Optical Fibre Cables Plant, Urse, Maharashtra
  • 1998: Finolex Essex JV, Copper Rod Plant, Goa (Backward Integration)
  • 2000: Jelly Filled Telephone Cables Plant, Verna, Goa
  • 2002: Light Duty Cables Plant, Verna, Go
  • 2003: Optical Fibre Cable Plant, Verna, Goa
  • 2004: Manufacturing of Glass Fibre, Urse. (Backward Integration)
  • 2005: Superbrand Recognition
  • 2006: Switches Plant, Urse, Goa
  • 2007: Lighting Products Plant, Urse, Maharashtra
  • 2008: Light Duty Cables Plant, Roorkee, Uttarakhand
  • 2011: Finolex J Power Systems, JV with Sumitomo of Japan, Extra High Voltage Power Cables Plant, Shirwal, Maharashtra. Corning Finolex, JV Optical Fibre Plant, Pune, Maharashtra
  • 2010: Electrical Switch Plant, Uttarakhand
  • 2014: 5.5 MW Solar plant, Urse
  • 2016: Launched Fans & Water Heaters Switchgear Plant Uttarakhand
  • 2018-19: Launched own e-retail website to address the e-commerce and online retail opportunity
  • 2018-19: Launched the first of its exclusive retail store chains, ‘Finolex House’, in Chennai
  • 2019-20: Opened four Finolex House Stores at Secunderabad, Jamshedpur, Bengaluru and Raipur
  • 2019-20: Launched electrical wire accessories like doorbell, extension box, spike guard, angle holders, batten holders, etc. to take a share of the quality electrical products market
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