NSEI:FINCABLES

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Excellent balance sheet average dividend payer.

Risks

  • Finolex Cables is covered by less than 3 analysts.

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

0.7%

NSEI:FINCABLES

3.3%

IN Electrical

1.5%

IN Market


1 Year Return

-33.3%

NSEI:FINCABLES

-29.0%

IN Electrical

-11.2%

IN Market

FINCABLES underperformed the Electrical industry which returned -29% over the past year.

FINCABLES underperformed the Market in India which returned -11.2% over the past year.


Share holder returns

FINCABLESIndustryMarket
7 Day0.7%3.3%1.5%
30 Day3.2%3.6%1.0%
90 Day-16.8%-13.3%-5.6%
1 Year-32.4%-33.3%-26.9%-29.0%-9.5%-11.2%
3 Year-13.9%-16.1%-1.2%-4.5%19.7%13.7%
5 Year67.8%61.5%-3.4%-8.5%34.6%21.9%

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

Valuation

Is Finolex Cables undervalued based on future cash flows and its price relative to the stock market?

14.7x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Finolex Cables's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Finolex Cables's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Finolex Cables is overvalued based on earnings compared to the IN Electrical industry average.

Finolex Cables is overvalued based on earnings compared to the India market.


Price Based on Expected Growth

Finolex Cables is poor value based on expected growth next year.


Price Based on Value of Assets

Finolex Cables is overvalued based on assets compared to the IN Electrical industry average.


Next Steps

Future Growth

How is Finolex Cables expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

13.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Finolex Cables's revenue is expected to grow by 10.3% yearly, however this is not considered high growth (20% yearly).

Finolex Cables's earnings are expected to grow by 13.1% yearly, however this is not considered high growth (20% yearly).

Finolex Cables's revenue growth is positive but not above the India market average.

Finolex Cables's earnings growth is positive but not above the India market average.

Finolex Cables's earnings growth is expected to exceed the low risk savings rate of 7.6%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Finolex Cables will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


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

Finolex Cables's year on year earnings growth rate has been positive over the past 5 years.

Finolex Cables's 1-year earnings growth is less than its 5-year average (10.8% vs 16.1%)

Finolex Cables's earnings growth has not exceeded the IN Electrical industry average in the past year (10.8% vs 17.9%).


Return on Equity

Finolex Cables has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Finolex Cables used its assets more efficiently than the IN Electrical industry average last year based on Return on Assets.


Return on Capital Employed

Finolex Cables's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Finolex Cables's financial position?


Financial Position Analysis

Finolex Cables is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Finolex Cables's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Finolex Cables's level of debt (-0%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (11.4% vs -0% today).

Operating cash flow is negative therefore debt is not well covered.

Finolex Cables has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

High level of physical assets or inventory.

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?

1.48%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Finolex Cables's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.57%).

Finolex Cables's dividend is below the markets top 25% of dividend payers in India (2.35%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (5.6x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Finolex Cables's salary, the management and board of directors tenure and is there insider trading?

2.1yrs

Average management tenure


CEO

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


Management Age and Tenure

2.1yrs

Average Tenure

The tenure for the Finolex Cables management team is about average.


Board Age and Tenure

4.3yrs

Average Tenure

59.5yo

Average Age

The tenure for the Finolex Cables board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Vijay Chhabria

    Managing Director of Finolex Plasson Industries Limited

    • Tenure: 9.5yrs
    • Compensation: ₹14.17m
  • Richard D'Silva

    President of Legal & Company Secretary

    • Tenure: 0yrs
    • Compensation: ₹4.70m
  • Deepak Chhabria (56yo)

    Executive Chairman

    • Tenure: 6.2yrs
    • Compensation: ₹79.12m
  • Mahesh Viswanathan (59yo)

    CFO, Deputy MD & Executive Director

    • Tenure: 8.8yrs
    • Compensation: ₹29.65m
  • Gayatri Kulkarni

    Compliance Officer & Company Secretary

    • Tenure: 0.9yrs

Board Members

  • Deepak Chhabria (56yo)

    Executive Chairman

    • Tenure: 6.2yrs
    • Compensation: ₹79.12m
  • Pratap Govind Pawar (74yo)

    Independent Non-Executive Director

    • Tenure: 21yrs
    • Compensation: ₹2.92m
  • Shishir Lall (60yo)

    Non- Executive Independent Director

    • Tenure: 2.3yrs
    • Compensation: ₹2.33m
  • Shruti Udeshi (36yo)

    Independent Non-Executive Woman Director

    • Tenure: 0.6yrs
  • Mahesh Viswanathan (59yo)

    CFO, Deputy MD & Executive Director

    • Tenure: 8.8yrs
    • Compensation: ₹29.65m
  • Mohan Jain (71yo)

    Additional Director

    • Tenure: 0.8yrs
    • Compensation: ₹505.00k

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: ₹56.909b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FINOLBDL (Bourse de Luxembourg)GDR-REPR 1 ORD INR10 REG'SLUUSDAug 1994
500144BSE (Mumbai Stock Exchange)YesEquity SharesININRFeb 1995
FINCABLESNSEI (National Stock Exchange of India)YesEquity SharesININRFeb 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/15 13:00
End of Day Share Price2019/09/13 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.