Finolex Cables Limited (IN:FINCABLES)
:FINCABLES
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Finolex Cables Limited
(FINCABLES)
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Rating:66Neutral
Price Target:
₹914.00
▲(16.57% Upside)
Action:ReiteratedDate:11/25/25
Finolex Cables Limited shows strong financial performance with robust revenue growth and a stable balance sheet, which are significant strengths. However, the technical analysis indicates bearish momentum, which is a major concern. The valuation is fair, but not compelling enough to offset the technical weaknesses. The absence of earnings call insights and corporate events means these factors do not influence the score.
Positive Factors
Revenue Growth Trend
Sustained ~16% revenue growth demonstrates expanding product demand across residential, commercial and infrastructure channels. Over 2-6 months this supports scale advantages, fuller absorption of fixed costs and continued investment in capacity and distribution reach.
Negative Factors
Free Cash Flow Volatility
Declining and volatile free cash flow, driven by higher capex in 2025, weakens the company's ability to consistently fund dividends, buybacks or opportunistic M&A. Over a multi-month horizon, inconsistent cash conversion raises execution and capital-allocation risks.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth Trend
Sustained ~16% revenue growth demonstrates expanding product demand across residential, commercial and infrastructure channels. Over 2-6 months this supports scale advantages, fuller absorption of fixed costs and continued investment in capacity and distribution reach.
Read all positive factors
Finolex Cables Limited (FINCABLES) vs. iShares MSCI India ETF (INDA)
Market Cap
₹129.49B
Dividend Yield1.04%
Average Volume (3M)12.88K
Price to Earnings (P/E)17.5
Beta (1Y)1.33
Revenue Growth7.42%
EPS Growth-4.96%
CountryIN
Employees1,576
SectorBasic Materials
Sector Strength58
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)8.90
Shares Outstanding152,939,350
10 Day Avg. Volume14,706
30 Day Avg. Volume12,882
Financial Highlights & Ratios
PEG Ratio2.57
Price to Book (P/B)2.47
Price to Sales (P/S)2.55
P/FCF Ratio-464.66
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹1,000.00Price Target Upside27.53% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)48.51
Revenue Forecast (FY)₹70.69B
Finolex Cables Limited Business Overview & Revenue Model
Company Description
Finolex Cables Limited manufactures and sells electrical and communication cables, and other electrical appliances in India. The company operates through Electrical Cables, Communication Cables, Copper Rods, and Others segments. It offers electric...
How the Company Makes Money
Finolex Cables makes money primarily by manufacturing and selling cables and wires. Its core revenue stream comes from electrical wires and cables sold for residential, commercial, industrial, and infrastructure applications (e.g., house wiring, p...
Finolex Cables Limited Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
75
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 55.48B | 53.19B | 50.14B | 44.81B | 37.68B | 27.68B |
| Gross Profit | 10.91B | 10.16B | 10.57B | 9.24B | 7.90B | 7.11B |
| EBITDA | 6.58B | 5.35B | 5.84B | 5.02B | 4.24B | 3.80B |
| Net Income | 6.64B | 7.01B | 6.52B | 5.04B | 5.99B | 4.61B |
Balance Sheet | ||||||
| Total Assets | 66.57B | 62.87B | 56.35B | 49.80B | 44.94B | 38.86B |
| Cash, Cash Equivalents and Short-Term Investments | 28.59B | 27.83B | 26.78B | 21.55B | 17.83B | 12.60B |
| Total Debt | 215.20M | 199.90M | 180.60M | 138.90M | 91.00M | 70.10M |
| Total Liabilities | 9.54B | 7.91B | 6.89B | 6.10B | 5.72B | 4.71B |
| Stockholders Equity | 57.03B | 54.95B | 49.46B | 43.70B | 39.22B | 34.15B |
Cash Flow | ||||||
| Free Cash Flow | 318.10M | -291.80M | 3.58B | 3.25B | 4.06B | 594.60M |
| Operating Cash Flow | 1.42B | 2.07B | 5.77B | 3.56B | 4.73B | 1.14B |
| Investing Cash Flow | -1.80B | -820.90M | -4.40B | -2.25B | -3.78B | -8.59B |
| Financing Cash Flow | -33.30M | -1.28B | -1.12B | -966.50M | -869.20M | -863.30M |
Finolex Cables Limited Technical Analysis
Positive
784.10
Price Trends
828.81
Positive
793.12
Positive
825.23
Positive
Market Momentum
-3.03
Negative
52.38
Neutral
71.70
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:FINCABLES, the sentiment is Positive. The current price of 784.1 is below the 20-day moving average (MA) of 834.89, below the 50-day MA of 828.81, and below the 200-day MA of 825.23, indicating a bullish trend. The MACD of -3.03 indicates Negative momentum. The RSI at 52.38 is Neutral, neither overbought nor oversold. The STOCH value of 71.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:FINCABLES.
Finolex Cables Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹131.04B | 10.37 | ― | 1.18% | -13.69% | -30.57% | |
68 Neutral | ₹83.48B | 7.74 | ― | 1.82% | 0.81% | -7.11% | |
66 Neutral | ₹129.49B | 17.47 | ― | 1.04% | 7.42% | -4.96% | |
62 Neutral | ₹107.61B | 1,460.95 | ― | 1.94% | 6.12% | -30.31% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | ₹102.19B | 23.17 | ― | 1.19% | -3.53% | -40.09% | |
51 Neutral | ₹26.52B | -310.89 | ― | 0.20% | -4.37% | -82.37% |
* Basic Materials Sector Average
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Finolex Cables Limited Corporate Events
Finolex Cables to Appeal Rs 29.46 Crore GST Demand Order
Apr 1, 2026
Finolex Cables Limited has disclosed that the Additional Commissioner of Central GST in Dehradun has confirmed a tax demand arising from a show cause notice over alleged input tax credit mismatches, e-way bill discrepancies and late payments to cr...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.