Finolex Cables
Market Cap
₹58.3b
Last Updated
2021/01/16 12:17 UTC
Data Sources
Company Financials +
Executive Summary
Finolex Cables Limited manufactures and sells electrical and communication cables, and other electrical appliances in India. More Details
Rewards
Risk Analysis
No risks detected for FINCABLES from our risk checks.
Snowflake Analysis
Flawless balance sheet with reasonable growth potential 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 is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: FINCABLES's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
-9.5%
FINCABLES
-1.9%
IN Electrical
-0.3%
IN Market
1 Year Return
-9.4%
FINCABLES
13.3%
IN Electrical
15.9%
IN Market
Return vs Industry: FINCABLES underperformed the Indian Electrical industry which returned 13.4% over the past year.
Return vs Market: FINCABLES underperformed the Indian Market which returned 15.9% over the past year.
Shareholder returns
| FINCABLES | Industry | Market | |
|---|---|---|---|
| 7 Day | -9.5% | -1.9% | -0.3% |
| 30 Day | 7.3% | 7.5% | 4.9% |
| 90 Day | 39.3% | 43.4% | 24.5% |
| 1 Year | -7.6%-9.4% | 14.1%13.3% | 18.0%15.9% |
| 3 Year | -46.6%-48.6% | -13.1%-17.8% | 9.7%4.4% |
| 5 Year | 79.2%70.3% | 37.1%29.2% | 82.1%68.4% |
Long-Term 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
You Have To Love Finolex Cables Limited's (NSE:FINCABLES) Dividend3 weeks ago | Simply Wall St
Are Finolex Cables's (NSE:FINCABLES) Statutory Earnings A Good Reflection Of Its Earnings Potential?1 month ago | Simply Wall St
What Is The Ownership Structure Like For Finolex Cables Limited (NSE:FINCABLES)?Valuation
Is Finolex Cables undervalued compared to its fair value and its price relative to the market?
18.56x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: FINCABLES (₹381.05) is trading above our estimate of fair value (₹37.53)
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 (18.6x) compared to the IN Electrical industry average (23x).
PE vs Market: FINCABLES is good value based on its PE Ratio (18.6x) compared to the Indian market (19.5x).
Price to Earnings Growth Ratio
PEG Ratio: FINCABLES is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: FINCABLES is overvalued based on its PB Ratio (1.9x) compared to the IN Electrical industry average (1x).
Next Steps
Future Growth
How is Finolex Cables forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
22.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FINCABLES's forecast earnings growth (22.6% per year) is above the savings rate (7%).
Earnings vs Market: FINCABLES's earnings (22.6% per year) are forecast to grow slower than the Indian market (25.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FINCABLES's revenue (23.5% per year) is forecast to grow faster than the Indian market (11.7% per year).
High Growth Revenue: FINCABLES's revenue (23.5% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
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?
8.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FINCABLES has high quality earnings.
Growing Profit Margin: FINCABLES's current net profit margins (13.3%) are lower than last year (14.3%).
Past Earnings Growth Analysis
Earnings Trend: FINCABLES's earnings have grown by 8.1% per year over the past 5 years.
Accelerating Growth: FINCABLES's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FINCABLES had negative earnings growth (-29%) over the past year, making it difficult to compare to the Electrical industry average (-17.4%).
Return on Equity
High ROE: FINCABLES's Return on Equity (10.2%) is considered low.
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Financial Health
How is Finolex Cables's financial position?
Financial Position Analysis
Short Term Liabilities: FINCABLES's short term assets (₹22.4B) exceed its short term liabilities (₹2.9B).
Long Term Liabilities: FINCABLES's short term assets (₹22.4B) exceed its long term liabilities (₹1.7B).
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 3.7%.
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
Next Steps
Dividend
What is Finolex Cables's current dividend yield, its reliability and sustainability?
1.44%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FINCABLES's dividend (1.44%) is higher than the bottom 25% of dividend payers in the Indian market (0.44%).
High Dividend: FINCABLES's dividend (1.44%) is low compared to the top 25% of dividend payers in the Indian market (1.81%).
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 reasonably low payout ratio (26.8%), 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
How experienced are the management team and are they aligned to shareholders interests?
2.3yrs
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 | 7.5yrs | ₹86.40m | 1.23% ₹ 719.2m | |
| President of Legal & Company Secretary | no data | ₹4.70m | no data | |
| Compliance Officer | 2.25yrs | no data | no data | |
| Executive Director | 0.33yr | no data | no data | |
| Managing Director of Finolex Plasson Industries Limited | 10.83yrs | ₹14.17m | 0.35% ₹ 205.5m |
2.3yrs
Average Tenure
Experienced Management: FINCABLES's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 7.5yrs | ₹86.40m | 1.23% ₹ 719.2m | |
| Executive Director | 0.33yr | no data | no data | |
| Non-Executive Independent Director | 0.33yr | no data | no data | |
| Non-Executive Independent Director | 0.33yr | no data | no data | |
| Non-Executive Director | 0.33yr | no data | no data | |
| Non-Executive Independent Director | 0.33yr | no data | no data |
0.3yrs
Average Tenure
62yo
Average Age
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 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: ₹58.278b
- 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 cables, and other electrical appliances in India. The company operates through Electrical Cables, Communication Cables, Copper Rod...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/16 12:17 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
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.