Finolex Cables
Market Cap
₹53.6b
Last Updated
2019/10/16 12:45 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.
Snowflake
Fundamentals
Flawless balance sheet average dividend payer.
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
Market Performance
7 Day Return
-2.6%
FINCABLES
-0.6%
IN Electrical
1.4%
IN Market
1 Year Return
-33.5%
FINCABLES
-26.6%
IN Electrical
2.3%
IN Market
Return vs Industry: FINCABLES underperformed the Indian Electrical industry which returned -26.6% over the past year.
Return vs Market: FINCABLES underperformed the Indian Market which returned 2.3% over the past year.
Shareholder returns
| FINCABLES | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.6% | -0.6% | 1.4% |
| 30 Day | -6.3% | -4.6% | 2.7% |
| 90 Day | -8.9% | -10.0% | -1.4% |
| 1 Year | -32.6%-33.5% | -24.3%-26.6% | 4.3%2.3% |
| 3 Year | -16.8%-18.9% | -7.1%-10.2% | 20.9%14.9% |
| 5 Year | 63.4%57.2% | -9.1%-13.9% | 41.2%28.2% |
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
2 weeks ago | Simply Wall St
What We Think Of Finolex Cables Limited’s (NSE:FINCABLES) Investment Potential4 weeks ago | Simply Wall St
Is Finolex Cables Limited (NSE:FINCABLES) A Smart Pick For Income Investors?1 month ago | Simply Wall St
Be Sure To Check Out Finolex Cables Limited (NSE:FINCABLES) Before It Goes Ex-DividendValuation
Is Finolex Cables undervalued compared to its fair value and its price relative to the market?
13.85x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Undervalued: FINCABLES (₹350.5) is trading above our estimate of fair value (₹187.03)
Significantly Undervalued: FINCABLES is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: FINCABLES is poor value based on its PE Ratio (13.8x) compared to the Electrical industry average (13x).
PE vs Market: FINCABLES is poor value based on its PE Ratio (13.8x) compared to the Indian market (13x).
Price to Earnings Growth Ratio
Low PEG Ratio: FINCABLES is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: FINCABLES is overvalued based on its PB Ratio (2x) compared to the IN Electrical industry average (0.7x).
Next Steps
Future Growth
How is Finolex Cables forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
13.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FINCABLES's forecast earnings growth (13.1% per year) is above the savings rate (7.6%).
Earnings vs Market: FINCABLES's earnings (13.1% per year) are forecast to grow slower than the Indian market (18.1% per year).
High Growth Earnings: FINCABLES's earnings are forecast to grow, but not significantly.
Revenue vs Market: FINCABLES's revenue (10.3% per year) is forecast to grow slower than the Indian market (11.4% per year).
High Growth Revenue: FINCABLES's revenue (10.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: Insufficient data to determine if FINCABLES's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Finolex Cables performed over the past 5 years?
16.1%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: FINCABLES's earnings have grown by 16.1% per year over the past 5 years.
Accelerating Growth: FINCABLES's earnings growth over the past year (10.8%) is below its 5-year average (16.1% per year).
Earnings vs Industry: FINCABLES earnings growth over the past year (10.8%) underperformed the Electrical industry 16.8%.
Return on Equity
High ROE: FINCABLES's Return on Equity (14.1%) is considered low.
Return on Assets
ROA vs Industry: FINCABLES has a higher Return on Assets than the Electrical industry average last year.
Return on Capital Employed
ROCE Improving: FINCABLES's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Finolex Cables's financial position?
Financial Position Analysis
Short Term Liabilities: FINCABLES's short term assets (₹16.9B) exceeds its short term liabilities (₹2.6B)
Long Term Liabilities: FINCABLES's short term assets (16.9B) exceeds its long term liabilities (1.6B)
Debt to Equity History and Analysis
Debt Level: FINCABLES is debt free.
Reducing Debt: FINCABLES has no debt compared to 5 years ago when its debt to equity ratio was 11.4%.
Debt Coverage: FINCABLES has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: FINCABLES has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: FINCABLES has a high level of physical assets or inventory.
Debt Coverage by Assets: FINCABLES's debt is not covered by short term assets (assets are -56400.7x debt).
Next Steps
Dividend
What is Finolex Cables's current dividend yield, its reliability and sustainability?
1.28%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: FINCABLES's dividend (1.28%) is higher than the bottom 25% of dividend payers in the Indian market (0.61%).
High Dividend: FINCABLES's dividend (1.28%) is low compared to the top 25% of dividend payers in the Indian market (2.51%).
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 (17.8%), FINCABLES's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
What is the CEO of Finolex Cables's salary, the management and board of directors tenure and is there insider trading?
2.2yrs
Average management tenure
CEO
Finolex Cables has no CEO, or we have no data on them.
Management Age and Tenure
2.2yrs
Average Tenure
Experienced Management: FINCABLES's management team is considered experienced (2.2 years average tenure).
Board Age and Tenure
0.8yrs
Average Tenure
61.5yo
Average Age
Experienced Board: FINCABLES's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Management Team
Vijay Chhabria
Managing Director of Finolex Plasson Industries Limited
- Tenure: 9.6yrs
- Compensation: ₹14.17m
Richard D'Silva
President of Legal & Company Secretary
- Tenure: 0yrs
- Compensation: ₹4.70m
Deepak Chhabria (56yo)
Executive Chairman
- Tenure: 6.3yrs
- Compensation: ₹79.12m
Mahesh Viswanathan (59yo)
CFO, Deputy MD & Executive Director
- Tenure: 8.9yrs
- Compensation: ₹29.65m
Gayatri Kulkarni
Compliance Officer & Company Secretary
- Tenure: 1yrs
Board Members
Deepak Chhabria (56yo)
Executive Chairman
- Tenure: 6.3yrs
- Compensation: ₹79.12m
Devender Vasal (63yo)
Non-executive Independent Director
- Tenure: 0.08yrs
Pratap Govind Pawar (74yo)
Independent Non-Executive Director
- Tenure: 21.1yrs
- Compensation: ₹2.92m
Shishir Lall (60yo)
Non- Executive Independent Director
- Tenure: 2.4yrs
- Compensation: ₹2.33m
Shruti Udeshi (36yo)
Independent Non-Executive Woman Director
- Tenure: 0.7yrs
Mahesh Viswanathan (59yo)
CFO, Deputy MD & Executive Director
- Tenure: 8.9yrs
- Compensation: ₹29.65m
Mohan Jain (71yo)
Director
- Tenure: 0.9yrs
- Compensation: ₹505.00k
Jayaram Reddy
Non Executive Independent Director
- Tenure: 0.08yrs
Joel Samuel
Non-Executive Director
- Tenure: 0.08yrs
Yatin Redkar (65yo)
Non-Executive Director
- Tenure: 0.08yrs
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: ₹53.605b
- 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, ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/16 12:45 |
| End of Day Share Price | 2019/10/15 00:00 |
| Earnings | 2019/06/30 |
| 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.