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FINC

Finolex CablesNSEI:FINCABLES Stock Report

Last Price

₹529.85

Market Cap

₹81.0b

7D

-0.2%

1Y

42.9%

Updated

17 Jan, 2022

Data

Company Financials +
FINCABLES fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance3/6
Financial Health6/6
Dividends5/6

FINCABLES Stock Overview

Finolex Cables Limited manufactures and sells electrical and communication cables, and other electrical appliances in India.

Finolex Cables Competitors

Havells India

NSEI:HAVELLS

₹832.4b

Polycab India

NSEI:POLYCAB

₹403.8b

CG Power and Industrial Solutions

BSE:500093

₹251.2b

KEI Industries

BSE:517569

₹105.5b

Price History & Performance

Summary of all time highs, changes and price drops for Finolex Cables
Historical stock prices
Current Share Price₹529.85
52 Week High₹608.60
52 Week Low₹350.00
Beta1.04
1 Month Change-4.13%
3 Month Change9.37%
1 Year Change42.91%
3 Year Change20.68%
5 Year Change28.60%
Change since IPO527.04%

Recent News & Updates

Dec 17
Calculating The Fair Value Of Finolex Cables Limited (NSE:FINCABLES)

Calculating The Fair Value Of Finolex Cables Limited (NSE:FINCABLES)

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Finolex Cables Limited...

Nov 08
What Is Finolex Cables Limited's (NSE:FINCABLES) Share Price Doing?

What Is Finolex Cables Limited's (NSE:FINCABLES) Share Price Doing?

Finolex Cables Limited ( NSE:FINCABLES ), is not the largest company out there, but it saw significant share price...

Shareholder Returns

FINCABLESIN ElectricalIN Market
7D-0.2%2.7%2.2%
1Y42.9%67.1%36.2%

Return vs Industry: FINCABLES underperformed the Indian Electrical industry which returned 67.1% over the past year.

Return vs Market: FINCABLES exceeded the Indian Market which returned 36.2% over the past year.

Price Volatility

Is FINCABLES's price volatile compared to industry and market?
FINCABLES volatility
FINCABLES Average Weekly Movement5.2%
Electrical Industry Average Movement7.7%
Market Average Movement6.7%
10% most volatile stocks in IN Market9.8%
10% least volatile stocks in IN Market4.1%

Stable Share Price: FINCABLES is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: FINCABLES's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19581,649n/ahttps://www.finolex.com

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 electrical cables, such as 1100V and motor winding PVC insulated, automotive/battery, UPS, elevator, and solar cables, as well as heavy duty, underground, low and high 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.

Finolex Cables Fundamentals Summary

How do Finolex Cables's earnings and revenue compare to its market cap?
FINCABLES fundamental statistics
Market Cap₹81.03b
Earnings (TTM)₹5.46b
Revenue (TTM)₹33.60b

14.8x

P/E Ratio

2.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FINCABLES income statement (TTM)
Revenue₹33.60b
Cost of Revenue₹25.51b
Gross Profit₹8.08b
Expenses₹2.62b
Earnings₹5.46b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)35.72
Gross Margin24.06%
Net Profit Margin16.26%
Debt/Equity Ratio0%

How did FINCABLES perform over the long term?

See historical performance and comparison

Dividends

1.0%

Current Dividend Yield

15%

Payout Ratio

Valuation

Is Finolex Cables undervalued compared to its fair value and its price relative to the market?

0.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FINCABLES (₹529.85) is trading below our estimate of fair value (₹530.91)

Significantly Below Fair Value: FINCABLES is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: FINCABLES is good value based on its PE Ratio (14.8x) compared to the Indian Electrical industry average (24.2x).

PE vs Market: FINCABLES is good value based on its PE Ratio (14.8x) compared to the Indian market (23.5x).


Price to Earnings Growth Ratio

PEG Ratio: FINCABLES is poor value based on its PEG Ratio (1.5x)


Price to Book Ratio

PB vs Industry: FINCABLES is overvalued based on its PB Ratio (2.3x) compared to the IN Electrical industry average (1.9x).


Future Growth

How is Finolex Cables forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

10.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FINCABLES's forecast earnings growth (10.1% per year) is above the savings rate (6.7%).

Earnings vs Market: FINCABLES's earnings (10.1% per year) are forecast to grow slower than the Indian market (20.6% per year).

High Growth Earnings: FINCABLES's earnings are forecast to grow, but not significantly.

Revenue vs Market: FINCABLES's revenue (8.7% per year) is forecast to grow slower than the Indian market (12.7% per year).

High Growth Revenue: FINCABLES's revenue (8.7% per year) is forecast to grow slower than 20% 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 (14.9%).


Past Performance

How has Finolex Cables performed over the past 5 years?

5.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FINCABLES has a high level of non-cash earnings.

Growing Profit Margin: FINCABLES's current net profit margins (16.3%) are higher than last year (13.3%).


Past Earnings Growth Analysis

Earnings Trend: FINCABLES's earnings have grown by 5.4% per year over the past 5 years.

Accelerating Growth: FINCABLES's earnings growth over the past year (73.9%) exceeds its 5-year average (5.4% per year).

Earnings vs Industry: FINCABLES earnings growth over the past year (73.9%) underperformed the Electrical industry 73.9%.


Return on Equity

High ROE: FINCABLES's Return on Equity (15.3%) is considered low.


Financial Health

How is Finolex Cables's financial position?


Financial Position Analysis

Short Term Liabilities: FINCABLES's short term assets (₹26.5B) exceed its short term liabilities (₹3.9B).

Long Term Liabilities: FINCABLES's short term assets (₹26.5B) exceed its long term liabilities (₹2.3B).


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 1.3%.

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


Dividend

What is Finolex Cables's current dividend yield, its reliability and sustainability?

1.04%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FINCABLES's dividend (1.04%) is higher than the bottom 25% of dividend payers in the Indian market (0.3%).

High Dividend: FINCABLES's dividend (1.04%) is low compared to the top 25% of dividend payers in the Indian market (1.34%).


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 (15.4%), 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 (15.8% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.3yrs

Average management tenure


CEO

Finolex Cables has no CEO, or we have no data on them.


Leadership Team

Experienced Management: FINCABLES's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: FINCABLES's board of directors are not considered experienced ( 0.3 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 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
  • Implied Market Cap: ₹81.035b
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/17 16:16
End of Day Share Price2022/01/17 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


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.