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Finolex Cables Ltd share Price Today

Company details

1,591.95
1,674.90
831.25
1,700.00
6M Return 58.99%
1Y Return 105.11%
Mkt Cap.(Cr) 25,333.58
Volume 407,222
Div Yield 0.48%
OI
-
OI Chg %
-
Volume 407,222
NSE

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Electrical Equipment & Products company Finolex Cables announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Revenue Growth: Revenues for the quarter ended March 2024 amounted to Rs 1,401.2 crore, showing a 15% growth compared to Rs 1,224.3 crore for the corresponding period in 2022-23.

  • Volume Growth: Electrical Wires increased by 15% compared to Q4 of the previous year, while Cables improved by 50%. Most product lines within the Communication Cables segment witnessed an average volume increase of 14%. Additionally, volumes in new products within the FMEG sector displayed healthy growth.

  • Profit Before Taxes: Profit before taxes for the quarter was Rs 196.1 crore, marking a 13% improvement from the previous year. This improvement was attributed to volume-led growth in major segments, new product introductions, and pricing actions to maintain margins.

  • PAT: Profit after taxes (PAT) for Q4 FY24 stood at Rs 146.2 crore, reflecting a 9% improvement from the corresponding period of the previous year.

FY24 Financial Highlights:

  • Annual Sales: Sales for the full year 2023-24 amounted to Rs 5,014.4 crore, representing a significant improvement of 12% from the previous year.

  • Commodity Price Volatility: Throughout the year, commodity price volatility necessitated several price revisions to pass on cost reductions and increases to end customers, resulting in fluctuating margins each quarter.

  • Volume Growth by Segment: Electrical Wires grew by about 15% in volume for the full year, while Cables witnessed a growth of 26%. However, OFC volumes experienced a decline of 30% due to delays in new tenders. Nonetheless, all other products in the Communication segment grew by more than 10%.

  • Profit Before Taxes: Profit before taxes for the full year stood at Rs 752.9 crore, marking a notable improvement of 17% from the previous year.

  • PAT: Profit after taxes for the full year was Rs 571.6 crore, reflecting a 14% improvement from the previous year.

  • Dividend: The Board recommended a dividend of 400% for the year, resulting in an outgo of Rs 8/- per share. The total dividend outgo would be Rs 122.4 crore.

  • Consolidated Results: The consolidated results for the year ended March 31, 2024, indicated net sales of Rs 5,014.4 crore and Profit After Taxes of Rs 651.7 crore, compared to Rs 4,481.1 crore and Rs 504.3 crore, respectively, in the previous year.

Result PDF

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Finolex Cables Ltd shares SWOT Analysis

Strengths (9)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Growth in Net Profit with increasing Profit Margin (QoQ)

Weakness (1)

  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (2)

  • RSI indicating price strength
  • High Volume, High Gain

Threats (1)

  • Promoter decreasing their shareholding
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Resistance and support

R1 1,690.3
R2 1,724.1
R3 1,773.2
Pivot

1,641.10

S1 1,607.3
S2 1,558.2
S3 1,524.4
EMA SMA
1,592.2
1,453.2
1,300.8
1,156.3
1,612.3
1,424.1
1,193.8
1,106.5
Delivery and volume
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CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-10-11 452.25 337375 BSE
ISHARES MSCI INDIA SMALL-CAP ETF Block Purchase 2022-10-11 452.25 31686 BSE
ISHARES CORE EMERGING MARKETS MAURITIUS CO Block Sell 2022-10-11 452.25 337375 BSE
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Name Category Shares
KATARA ARUNA MUKESH PROMOTER 1.84%
DEEPAK KISHAN CHHABRIA PROMOTER 0.79%
SUNITA KISHANDAS CHHABRIA PROMOTER 0.56%
PRAKASH PRALHAD CHHABRIA PROMOTER 0.54%
ORBIT ELECTRICALS PRIVATE LIMITED PROMOTER 30.7%

FINANCIALS

Sales
Operating Profit
Profit after Tax
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Equity
Reserves and Surplus
Debt
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Sales
Operating Profit
Profit after Tax
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PE
Debt/Equity
P BV
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Finolex Cables Ltd Stocks COMPARISON

Financials( ₹ in Cr) Finolex Cables Ltd Polycab India Ltd KEI Industries Ltd R R Kabel Ltd Sterlite Technologies Ltd
Price 1,656.45 6,629.20 4,479.90 1,772.20 148.55
% Change 3.96 4.26 -0.98 -2.89 7.52
Mcap ₹ Cr 25,333.58 99,594.45 40,427.07 19,993.78 7,243.43
Revenue TTM ₹ Cr 4,481.11 18,039.44 6,912.33 5,599.20 5,478.00
Net Profit TTM ₹ Cr 504.28 1,802.92 477.38 189.87 -57.00
PE TTM 38.86 58.03 69.63 67.00 0.00
1 Year Return 105.11 86.91 94.82 47.92 0.37
ROCE 15.61 32.23 23.74 15.70 4.77
ROE 12.16 24.32 19.24 14.22 -3.94
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INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 4,370.36 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 21,424.68 50,451.86
LAST 3M 101,404.97 51,097.20
LAST 6M 186,293.66 40,305.54
LAST 12M 309,547.75 87,515.42

Finolex Cables Ltd Information

Stock PE (TTM)
38.86
Promoter Holding
35.86%
Book Value
323.3869
ROCE
15.61%
ROE
12.16%
Description

  • Finolex Cables is a company that operates in the manufacturing of electrical and communication cables and has a market capitalization of INR 6,957.26 Crores on 24th August ‘2021. In 1967, it became a corporation by naming “Finolex Cables Limited”, the flagship company of Finolex Group. At the end of March 2020, it registered combined revenue of Rs 2,968.80 Crores. The Bombay Stock Exchange (BSE) and National Stock Exchange have assigned the number 500144 and scrip code FINCABLES. As of 24th August '2021, Finolex Cables limited is trading at Rs. 454.95.

    Finolex Cables is a debt-free company and has a turnover of around Rs. 3,000 Crores, five manufacturing sites. Finolex Cables was the first company in India to create multi-strand wires, auto cables, FRLS wires and cables, and aerial cable designs, among other things. Finolex Cables is having more than 5000 Channel Partners, 28 Depots, more than 50,000 retailers, and approximately 22% market share in the organized wires and cables industry. The company generates 82% revenue from electrical wires and cables, 14% from communication cables, and 4% from electrical consumer products as of 31st March '2020. Finolex Cables Limited has a Capex plan of Rs. 200 Crores over the next 18-20 months as of 31st March 2020. The Company engaged approximately 1762 permanent employees and 1256 flexible (contractual, trainee, and temporary) employees as of 31st March '2020.

    The company’s net worth is increased from 2,439.67 Crores for the F.Y 2018-19 to INR 2,718.63 Crores for the F.Y 2019-20. With the adoption of the lower tax rates, the company has recorded a post-tax profit of Rs. 402 Crores for the year 2020 as against Rs. 344 Crores in the previous year shows an increment of 16.97%. From Rs. 22.50 in March 2019, Finolex Cables Limited’s EPS has risen to Rs. 26.32 in March 2020. Finolex Cables Limited’s stock is trading at 454.95 on 24th August ‘2021 with a return of 18.44% in the last six months and 48.47% in the previous year. The promoters hold 35.86% of the stake within the company, and the rest, 35.05%, is owned by the others (Mutual funds, FII, Employees, public shareholding, etc).

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Registered Address

26/27 Mumbai - Pune Road, Pimpri, Pune, Maharashtra, 411018

Tel : 91-20-27506200(15 lines)/27475963
Email : investors:finolex.com; sales:finolex.com
Website : http://www.finolex.com
Registrar

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AGM Date (Month) : Sep
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 500144
NSE Code : FINCABLES
Book Closure Date (Month) : Sep
BSE Group : A
ISIN : INE235A01022

FAQ’s on Finolex Cables Ltd Shares

You can buy Finolex Cables Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Finolex Cables Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jul 16, 2024 03:57 PM the closing price of Finolex Cables Ltd was Rs.1,656.45.

The latest PE ratio of Finolex Cables Ltd as of Jul 16, 2024 03:57 PM is 38.86

The latest PB ratio of Finolex Cables Ltd as of Jul 16, 2024 03:57 PM is 0.20

The 52-week high of Finolex Cables Ltd share price is Rs. 1,700.00 while the 52-week low is Rs. 831.25

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jul 16, 2024 03:57 PM, the market cap of Finolex Cables Ltd stood at Rs. 25,333.58 Cr.

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