Analyst Rating
based on 8 analysts
88.89%
Buy
11.11%
Hold
0.00%
Sell
Based on 8 analysts offering long term price targets for Finolex Cables Ltd. An average target of ₹1583.75
Source: S&P Global Market Intelligence
Finolex Cables Ltd Share analysis
Finolex Cables Ltd price forecast by 8 analysts
Upside of12.81%
High
₹1872
Target
₹1583.75
Low
₹1019
Finolex Cables Ltd target price ₹1583.75, a slight upside of 12.81% compared to current price of ₹1398.55. According to 8 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
Finolex Cables Ltd revenue growth forecast
Expected growth rate Q1, FY2026:30.41%
Forecast
Actual
Including amortisation and stock based compensations
Finolex Cables Ltd EPS growth forecast
EPS estimate Q1, FY2026:20.63%
Forecast
Actual
Source: S&P Global Market Intelligence
Performance
Day's Low
Day's High
₹1,382.05₹1,415.5552 Week's Low
52 Week's High
₹831.25₹1,700
| Returns % | |
| 1 Month Return | -3.04 % |
| 3 Month Return | -10.34 % |
| 1 Year Return | + 28.7 % |
| Market Stats | |
| Previous Close | ₹1,403.90 |
| Open | ₹1,403.90 |
| Volume | 94.81K |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹21,471.15Cr |
Key Statistics
| P/E Ratio | 29.21 |
| PEG Ratio | 2.35 |
| Market Cap | ₹21,471.15 Cr |
| P/B Ratio | 3.64 |
| EPS | 42.61 |
| Dividend Yield | 0 |
| Sector | Cables |
| ROE | 14.44 |
Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| BUY | ₹21,471.15 Cr | 56.64% | 0.50 | ₹651 Cr | ₹5,014 Cr | |
| BUY | ₹40,619.02 Cr | 177.68% | 0.53 | ₹580 Cr | ₹8,104 Cr | |
| NA | ₹6,531.21 Cr | 212.21% | 0.65 | -₹51 Cr | ₹1,369 Cr | |
| HOLD | ₹18,713.58 Cr | 34.92% | 0.54 | ₹473 Cr | ₹4,317 Cr | |
| HOLD | ₹45,399.85 Cr | 181.42% | 0.55 | ₹783 Cr | ₹3,830 Cr |
Company Information
Their top products include PVC insulated cables, power cables, control cables, instrumentation cables, optical fibre cables, and aerial bunched cables. Finolex also has a number of popular brands such as Finolex, Finolex Gold, Finolex Lite, Finolex Star, Finolex Plus and Finolex Fan.
Share Price: ₹1398.55 per share as on 19 Sep, 2024 04:01 PM
Market Capitalisation: ₹21,471.15Cr as of today
Revenue: ₹1,230.48Cr as on June 2024 (Q2 24)
Net Profit: ₹243.92Cr as on June 2024 (Q2 24)
Listing date: 03 Nov, 1994
Chairperson Name: D K Chhabria
| Organisation | Finolex Cables Ltd |
| Headquarters | Pune |
| Industry | Cables |
| E-voting on shares | Click here to vote |
Key events for Finolex Cables Ltd
Finolex Cables Announces Leadership Change and Dividend - 06 Sep, 2024
Finolex Cables appointed Ratnakar Barve as Chairman following Nikhil Naik's resignation. The company also recommended a 400% dividend for FY 2023-24, pending AGM approval.
Leadership Change at Finolex Cables Amid Revenue Growth - 05 Sep, 2024
Finolex Cables Ltd. appointed Ratnakar Barve as chairperson after Nikhil Naik's resignation. The company reported a 2% revenue growth but a 7% decline in net profit for Q1 FY24.
NCLAT Upholds Finolex Cables AGM Decision - 04 Sep, 2024
The National Company Law Appellate Tribunal has upheld the Finolex Cables AGM outcome, where 72.34% of shareholders voted against Deepak Chhabria's reappointment to the board.
NCLAT Upholds AGM Decision Against Chhabria's Reappointment - 03 Sep, 2024
The NCLAT confirmed Finolex Cables' AGM decision rejecting Deepak Chhabria's reappointment, with 72.34% of votes against him. The tribunal also upheld a 2019 EGM's amendments limiting his powers and urged expedited resolution of a long-standing family share dispute.
NCLAT Rejects Appeal Affecting Finolex Leadership - 30 Aug, 2024
The NCLAT has dismissed an appeal by Deepak and Vini Chhabria regarding Orbit Electricals and upheld the rejection of Deepak Chhabria's re-election as vice chairman of Finolex Cable.
NCLAT Upholds Shareholder Decision Against Chairman - 29 Aug, 2024
The NCLAT upheld the decision of Finolex Cables Ltd's shareholders who voted against the reappointment of former executive chairman Deepak Chhabria during the September 2023 AGM.
NCLAT Upholds Finolex AGM Decision Against Chhabria - 28 Aug, 2024
The NCLAT has upheld the decision from Finolex Cables Ltd's AGM, where shareholders voted against the reappointment of Deepak Chhabria as executive chairman. This ruling represents a setback for Chhabria.
Finolex Cables Faces Flat Performance Amid Challenges - 20 Aug, 2024
Finolex Cables reported flat performance with a 2.2% revenue growth and a 13% decline in operating profit. The company plans significant capex and maintains a strong market position, with a revised target price of Rs. 1,650.
Insights on Finolex Cables Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTProfit Spike
Netprofit is up for the last 3 quarters, 150.98 Cr → 243.92 Cr (in ₹), with an average increase of 21.3% per quarter
- POSITIVE IMPACT
MF Holding Up
Mutual Funds have increased holdings from 10.57% to 10.72% in Jun 2024 quarter
- POSITIVE IMPACT
FII Holding Up
Foreign Institutions have increased holdings from 11.56% to 11.65% in Jun 2024 quarter
NO EFFECTPromoter Holding Unchanged
Promoters holdings remained unchanged at 35.86% of holdings in Jun 2024 quarter
- NO EFFECT
Against Peers
In the last 3 years, KEI Industries Ltd has given 419.4% return, outperforming this stock by 237.1%
- NO EFFECT
Against Peers
In the last 1 year, Voltas Ltd has given 116.7% return, outperforming this stock by 88.0%
NEGATIVE IMPACTPrice Dip
In the last 3 months, FINCABLES stock has moved down by -10.3%
- NEGATIVE IMPACT
Revenue Fall
Revenue is down for the last 2 quarters, 1.50K Cr → 1.43K Cr (in ₹), with an average decrease of 4.6% per quarter
- NEGATIVE IMPACT
Retail Holding Down
Retail Investor have decreased holdings from 36.57% to 35.65% in Jun 2024 quarter
Company Financials
Index Inclusions
Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 35.86% | 0.00 | |
| Foreign Institutions | 11.65% | 0.79 | |
| Mutual Funds | 10.72% | 1.44 | |
| Retail Investors | 35.65% | ||
| Others | 6.12% | 12.42 |
Key Indicators
Finolex Cables Ltd Valuation
Finolex Cables Ltd in the last 5 years
Lowest (5.84x)
March 24, 2020
Today (29.21x)
September 18, 2024
Industry (65.26x)
September 18, 2024
Highest (38.53x)
June 25, 2024
Earnings and Dividends
Finolex Cables Ltd Earnings Results
Finolex Cables Ltd’s net profit jumped 52.04% since last year same period to ₹243.92Cr in the Q1 2024-2025. On a quarterly growth basis, Finolex Cables Ltd has generated 31.07% jump in its net profits since last 3-months.
Read More about Earnings ResultsFinolex Cables Ltd Dividends May,2024
In the quarter ending March 2024, Finolex Cables Ltd has declared dividend of ₹8 - translating a dividend yield of 1.07%.
Read More about Dividends
Technicals Summary
Bearish
Neutral
Bullish
Finolex Cables Ltd is currently in a Bearish trading position according to technical analysis indicators.
Frequently Asked Questions
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Finolex Cables Ltd (FINCABLES) share price today is ₹1398.55
Finolex Cables Ltd is listed on NSE
Finolex Cables Ltd is listed on BSE
- Today’s highest price of Finolex Cables Ltd is ₹1415.55.
- Today’s lowest price of Finolex Cables Ltd is ₹1382.05.
PE Ratio of Finolex Cables Ltd is 29.21
PE ratio = Finolex Cables Ltd Market price per share / Finolex Cables Ltd Earnings per share
Today’s traded volume of Finolex Cables Ltd(FINCABLES) is 94.81K.
Today’s market capitalisation of Finolex Cables Ltd(FINCABLES) is ₹21471.15Cr.
| Finolex Cables Ltd(FINCABLES | Price |
|---|---|
52 Week High | ₹1700 |
52 Week Low | ₹831.25 |
Finolex Cables Ltd(FINCABLES) share price is ₹1398.55. It is down -17.73% from its 52 Week High price of ₹1700
Finolex Cables Ltd(FINCABLES) share price is ₹1398.55. It is up 68.25% from its 52 Week Low price of ₹831.25
| Finolex Cables Ltd(FINCABLES | Returns |
|---|---|
1 Day Returns | -5.35% |
1 Month Returns | -3.04% |
3 Month Returns | -10.34% |
1 Year Returns | 28.7% |