Finolex Cables
Market Cap
₹35.8b
Last Updated
2020/06/02 13:17 UTC
Data Sources
Company Financials +
Executive Summary
Finolex Cables Limited manufactures and sells electrical and communication wires and cables, and other electrical appliances in India.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -11.5% per year for the next 3 years
Snowflake Analysis
Flawless balance sheet with solid track record and pays a dividend.
Similar Companies
Share Price & News
How has Finolex Cables's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FINCABLES's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
18.7%
FINCABLES
12.8%
IN Electrical
8.2%
IN Market
1 Year Return
-48.7%
FINCABLES
-36.5%
IN Electrical
-18.2%
IN Market
Return vs Industry: FINCABLES underperformed the Indian Electrical industry which returned -37.9% over the past year.
Return vs Market: FINCABLES underperformed the Indian Market which returned -19.9% over the past year.
Shareholder returns
| FINCABLES | Industry | Market | |
|---|---|---|---|
| 7 Day | 18.7% | 12.8% | 8.2% |
| 30 Day | -8.1% | 1.5% | 1.5% |
| 90 Day | -27.7% | -17.5% | -11.5% |
| 1 Year | -48.1%-48.7% | -35.1%-36.5% | -16.6%-18.2% |
| 3 Year | -52.4%-53.6% | -33.6%-36.0% | -6.1%-11.1% |
| 5 Year | 2.6%-1.3% | -37.3%-40.5% | 19.2%8.0% |
Price Volatility Vs. Market
How volatile is Finolex Cables's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is Now An Opportune Moment To Examine Finolex Cables Limited (NSE:FINCABLES)?3 weeks ago | Simply Wall St
Can We See Significant Insider Ownership On The Finolex Cables Limited (NSE:FINCABLES) Share Register?1 month ago | Simply Wall St
What Is Finolex Cables's (NSE:FINCABLES) P/E Ratio After Its Share Price Rocketed?Valuation
Is Finolex Cables undervalued compared to its fair value and its price relative to the market?
7.94x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: FINCABLES (₹234.35) is trading above our estimate of fair value (₹184.4)
Significantly Below Fair Value: FINCABLES is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: FINCABLES is good value based on its PE Ratio (7.9x) compared to the Electrical industry average (10.6x).
PE vs Market: FINCABLES is good value based on its PE Ratio (7.9x) compared to the Indian market (10.1x).
Price to Earnings Growth Ratio
PEG Ratio: FINCABLES's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: FINCABLES is overvalued based on its PB Ratio (1.3x) compared to the IN Electrical industry average (0.6x).
Next Steps
Future Growth
How is Finolex Cables forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
-11.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FINCABLES's earnings are forecast to decline over the next 3 years (-11.5% per year).
Earnings vs Market: FINCABLES's earnings are forecast to decline over the next 3 years (-11.5% per year).
High Growth Earnings: FINCABLES's earnings are forecast to decline over the next 3 years.
Revenue vs Market: FINCABLES's revenue is expected to decline over the next 3 years (-6% per year).
High Growth Revenue: FINCABLES's revenue is forecast to decline over the next 3 years (-6% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FINCABLES's Return on Equity is forecast to be low in 3 years time (9.9%).
Next Steps
Past Performance
How has Finolex Cables performed over the past 5 years?
15.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FINCABLES has high quality earnings.
Growing Profit Margin: FINCABLES's current net profit margins (14.8%) are higher than last year (12.9%).
Past Earnings Growth Analysis
Earnings Trend: FINCABLES's earnings have grown by 15.3% per year over the past 5 years.
Accelerating Growth: FINCABLES's earnings growth over the past year (16.3%) exceeds its 5-year average (15.3% per year).
Earnings vs Industry: FINCABLES earnings growth over the past year (16.3%) exceeded the Electrical industry 7.6%.
Return on Equity
High ROE: FINCABLES's Return on Equity (15.8%) is considered low.
Next Steps
Financial Health
How is Finolex Cables's financial position?
Financial Position Analysis
Short Term Liabilities: FINCABLES's short term assets (₹18.3B) exceed its short term liabilities (₹2.2B).
Long Term Liabilities: FINCABLES's short term assets (₹18.3B) exceed its long term liabilities (₹1.5B).
Debt to Equity History and Analysis
Debt Level: FINCABLES's debt to equity ratio (0.01%) is considered satisfactory.
Reducing Debt: FINCABLES's debt to equity ratio has reduced from 6.6% to 0.01% over the past 5 years.
Debt Coverage: FINCABLES's debt is well covered by operating cash flow (85959.5%).
Interest Coverage: FINCABLES earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Finolex Cables's current dividend yield, its reliability and sustainability?
1.92%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FINCABLES's dividend (1.92%) is higher than the bottom 25% of dividend payers in the Indian market (0.83%).
High Dividend: FINCABLES's dividend (1.92%) is low compared to the top 25% of dividend payers in the Indian market (3.47%).
Stability and Growth of Payments
Stable Dividend: FINCABLES's dividends per share have been stable in the past 10 years.
Growing Dividend: FINCABLES's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (15.2%), FINCABLES's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FINCABLES's dividends in 3 years are forecast to be well covered by earnings (26.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.8yrs
Average management tenure
CEO
Finolex Cables has no CEO, or we have no data on them.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 6.92yrs | ₹79.12m | 1.23% ₹442.3m | |
| CFO, Deputy MD & Executive Director | 9.58yrs | ₹29.65m | no data | |
| President of Legal & Company Secretary | no data | ₹4.70m | no data | |
| Compliance Officer & Company Secretary | 1.67yrs | no data | no data | |
| Managing Director of Finolex Plasson Industries Limited | 10.25yrs | ₹14.17m | 0.35% ₹126.4m |
2.8yrs
Average Tenure
Experienced Management: FINCABLES's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 6.92yrs | ₹79.12m | 1.23% ₹442.3m | |
| CFO, Deputy MD & Executive Director | 9.58yrs | ₹29.65m | no data | |
| Non-executive Independent Director | 0.75yr | no data | no data | |
| Independent Non-Executive Director | 21.75yrs | ₹2.92m | no data | |
| Non- Executive Independent Director | 3.08yrs | ₹2.33m | no data | |
| Independent Non-Executive Woman Director | 1.33yrs | no data | no data | |
| Director | 1.58yrs | ₹505.00k | no data | |
| Non Executive Independent Director | 0.75yr | no data | no data | |
| Non-Executive Director | 0.75yr | no data | no data | |
| Non-Executive Director | 0.75yr | no data | no data |
1.5yrs
Average Tenure
61.5yo
Average Age
Experienced Board: FINCABLES's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Finolex Cables Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Finolex Cables Limited
- Ticker: FINCABLES
- Exchange: NSEI
- Founded: 1958
- Industry: Electrical Components and Equipment
- Sector: Capital Goods
- Market Cap: ₹35.841b
- Shares outstanding: 152.94m
- Website: https://www.finolex.com
Number of Employees
Location
- Finolex Cables Limited
- 26-27, Mumbai-Pune Road
- Pimpri
- Pune
- Maharashtra
- 411018
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FINOL | BDL (Bourse de Luxembourg) | GDR-REPR 1 ORD INR10 REG'S | LU | USD | Aug 1994 | |
| 500144 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Feb 1995 |
| FINCABLES | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Feb 1995 |
Biography
Finolex Cables Limited manufactures and sells electrical and communication wires and cables, and other electrical appliances in India. The company operates through Electrical Cables, Communication Cables, Copper Rods, and Others segments. It offers electrical cables, such as 1100 V PVC insulated, motor winding PVC insulated, 3 core flat, automotive/battery, UPS, elevator, and solar cables, as well as heavy duty, underground, low voltage, power, and control cables; and communication cables, including optic fiber, coaxial, local area network, CCTV, speaker, jelly filled telephone, PE insulated telephone, and V-SAT cables. The company also provides copper rods; and electrical switches, sockets, regulators, etc., as well as retrofit and non-retrofit CFL lamps, T5 tube lights, and fittings. In addition, it offers LED based lighting solutions; ceiling, portable, and exhaust fans; switchgear products, such as miniature circuit breakers, residual current circuit breakers, molded current circuit breakers, and distribution boxes; and instant and storage water heaters. Further, the company offers its products online. The company also exports its products to the United States and the United Arab Emirates. Finolex Cables Limited was founded in 1958 and is headquartered in Pune, India.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/02 13:17 |
| End of Day Share Price | 2020/06/02 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.