FINCABLES
Finolex Cables Limited
Electrical and telecommunication cables and fast-moving electrical goods
Industrials›Capital Goods›Industrial Products›Cables - Electricals
finolex.com(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Stock price
₹1367.70
Market cap
20,922 Cr
Stock P/E
26.1
P/B
3.44
Dividend yield
0.0%
ROE (FY26)
11.7%
ROCE (FY26)
15.2%
Operating margin (FY26)
8.9%
Debt / equity (FY26)
0.0031
OCF / EBITDA (FY26)
7.9%
OCF / EBITDA (3Y)
47.6%
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
Share price and valuation multiples (P/E, P/B and more) over time.
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Compare with peers
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What you need to know
Finolex Cables makes electrical cables and communication cables (including optic fibre) and copper rods, and also sells fast-moving electrical goods such as fans and water heaters.
Company snapshot
4thBy market cap
Ranked among 14 companies in Cables - Electricals.
Segment mix
Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.
Largest segment: 83.5% of revenue
| Segment | Revenue share | Revenue | PBT | Assets |
|---|---|---|---|---|
| Communication cables | 10.3% | 385 Cr | 7 Cr | — |
| Copper rods | 32.3% | 1,203 Cr | 3 Cr | — |
| Electrical cables | 83.5% | 3,108 Cr | 323 Cr | — |
| Others | 5.1% | 191 Cr | 3 Cr | — |
Shares add up to 131% because segment revenues are before inter-segment eliminations.
What we see
Positives
- ✓Debt-to-equity of 0.00x — the company is largely funded by its own money, not borrowed funds.
Concerns
- ✗Only 48% of operating profit came in as cash over the last three years — much of it is tied up in unpaid bills or stock.
1 more signal from the filings.Sign in free to see them all
Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,187 Cr | 1,222 Cr | 1,401 Cr | 1,230 Cr | 1,312 Cr | 1,182 Cr | 1,595 Cr | 1,396 Cr | 1,376 Cr | 1,599 Cr | 1,951 Cr | 2,013 Cr |
| Operating expenses (approx.) | 1,041 Cr | 1,088 Cr | 1,239 Cr | 1,104 Cr | 1,206 Cr | 1,044 Cr | 1,424 Cr | 1,259 Cr | 1,231 Cr | 1,441 Cr | 1,771 Cr | 1,769 Cr |
| EBITDA | 146 Cr | 134 Cr | 162 Cr | 127 Cr | 106 Cr | 138 Cr | 171 Cr | 136 Cr | 145 Cr | 158 Cr | 180 Cr | 244 Cr |
| OPM % | 12.3% | 10.9% | 11.6% | 10.3% | 8.1% | 11.7% | 10.7% | 9.8% | 10.5% | 9.9% | 9.2% | 12.1% |
| Other income | 42 Cr | 45 Cr | 50 Cr | 46 Cr | 52 Cr | 45 Cr | 55 Cr | 54 Cr | 37 Cr | 41 Cr | 33 Cr | 51 Cr |
| Interest | 0.44 Cr | 0.42 Cr | 0.88 Cr | 0.40 Cr | 0.38 Cr | 0.39 Cr | 0.50 Cr | 0.42 Cr | 0.44 Cr | 0.45 Cr | 0.44 Cr | 0.45 Cr |
| Depreciation | 11 Cr | 11 Cr | 12 Cr | 11 Cr | 12 Cr | 12 Cr | 12 Cr | 14 Cr | 14 Cr | 15 Cr | 17 Cr | 22 Cr |
| Profit before tax | 206 Cr | 198 Cr | 250 Cr | 318 Cr | 151 Cr | 193 Cr | 261 Cr | 203 Cr | 206 Cr | 216 Cr | 303 Cr | 314 Cr |
| Tax % | 25.3% | 23.7% | 25.4% | 23.2% | 21.8% | 23.5% | 26.7% | 19.7% | 21.1% | 24.2% | 26.0% | 20.8% |
| Net profit | 154 Cr | 151 Cr | 186 Cr | 244 Cr | 118 Cr | 147 Cr | 192 Cr | 163 Cr | 163 Cr | 164 Cr | 224 Cr | 249 Cr |
| EPS (₹) | ₹10.08 | ₹9.87 | ₹12.17 | ₹15.95 | ₹7.71 | ₹9.63 | ₹12.53 | ₹10.63 | ₹10.63 | ₹10.73 | ₹14.67 | ₹16.28 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,671 Cr | 2,884 Cr | 3,078 Cr | 2,877 Cr | 2,768 Cr | 3,768 Cr | 4,481 Cr | 5,014 Cr | 5,319 Cr | 6,321 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 2,275 Cr | 2,443 Cr | 2,608 Cr | 2,494 Cr | 2,398 Cr | 3,340 Cr | 3,972 Cr | 4,426 Cr | 4,778 Cr | 5,702 Cr | Sign in free for the trailing twelve months |
| EBITDA | 396 Cr | 441 Cr | 470 Cr | 383 Cr | 370 Cr | 429 Cr | 509 Cr | 588 Cr | 541 Cr | 620 Cr | Sign in free for the trailing twelve months |
| OPM % | 14.8% | 15.3% | 15.3% | 13.3% | 13.4% | 11.4% | 11.4% | 11.7% | 10.2% | 9.8% | Sign in free for the trailing twelve months |
| Other income | 59 Cr | 81 Cr | 82 Cr | 92 Cr | 77 Cr | 71 Cr | 118 Cr | 175 Cr | 197 Cr | 166 Cr | Sign in free for the trailing twelve months |
| Interest | 4 Cr | 1 Cr | 0.92 Cr | 2 Cr | 0.76 Cr | 2 Cr | 1 Cr | 2 Cr | 2 Cr | 2 Cr | Sign in free for the trailing twelve months |
| Depreciation | 48 Cr | 44 Cr | 41 Cr | 39 Cr | 39 Cr | 39 Cr | 46 Cr | 44 Cr | 47 Cr | 59 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 504 Cr | 549 Cr | 610 Cr | 512 Cr | 631 Cr | 787 Cr | 649 Cr | 864 Cr | 922 Cr | 929 Cr | Sign in free for the trailing twelve months |
| Tax % | 20.5% | 39.9% | 33.2% | 23.6% | 26.9% | 23.8% | 22.4% | 24.6% | 24.0% | 23.1% | Sign in free for the trailing twelve months |
| Net profit | 400 Cr | 330 Cr | 407 Cr | 391 Cr | 461 Cr | 599 Cr | 504 Cr | 652 Cr | 701 Cr | 714 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹26.20 | ₹21.60 | ₹26.64 | ₹25.57 | ₹30.17 | ₹39.18 | ₹32.97 | ₹42.61 | ₹45.82 | ₹46.67 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | 18.2% | -14.0% | 18.2% | 16.4% | 0.2% | 0.2% | Sign in free for the trailing twelve months |
Sign in free for the trailing twelve months
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 31 Cr | 31 Cr | 31 Cr | 31 Cr | 31 Cr | 31 Cr | 31 Cr | 31 Cr | 31 Cr | 31 Cr |
| Reserves | 2,110 Cr | 2,398 Cr | 2,706 Cr | 2,973 Cr | 3,384 Cr | 3,891 Cr | 4,340 Cr | 4,915 Cr | 5,465 Cr | 6,055 Cr |
| Borrowings | 0.83 Cr | 0.55 Cr | 0.38 Cr | 0.34 Cr | 0.31 Cr | 0.31 Cr | 14 Cr | 4 Cr | 20 Cr | 19 Cr |
| Other liabilities | 298 Cr | 354 Cr | 417 Cr | 403 Cr | 471 Cr | 572 Cr | 596 Cr | 685 Cr | 771 Cr | 885 Cr |
| Total liabilities | 2,440 Cr | 2,784 Cr | 3,154 Cr | 3,407 Cr | 3,886 Cr | 4,494 Cr | 4,980 Cr | 5,635 Cr | 6,287 Cr | 6,990 Cr |
| Fixed assets (net) | 414 Cr | 408 Cr | 404 Cr | 377 Cr | 386 Cr | 370 Cr | 422 Cr | 428 Cr | 566 Cr | 831 Cr |
| CWIP | 8 Cr | 5 Cr | 10 Cr | 27 Cr | 26 Cr | 87 Cr | 21 Cr | 168 Cr | 210 Cr | 105 Cr |
| Investments | 688 Cr | 1,010 Cr | 1,767 Cr | 1,121 Cr | 1,354 Cr | 2,014 Cr | 2,614 Cr | 3,590 Cr | 3,986 Cr | 4,337 Cr |
| Inventories | 462 Cr | 499 Cr | 587 Cr | 593 Cr | 755 Cr | 653 Cr | 675 Cr | 576 Cr | 717 Cr | 1,023 Cr |
| Trade receivables | 124 Cr | 175 Cr | 211 Cr | 187 Cr | 177 Cr | 177 Cr | 218 Cr | 177 Cr | 243 Cr | 370 Cr |
| Cash & bank | 32 Cr | 77 Cr | 46 Cr | 856 Cr | 25 Cr | 32 Cr | 67 Cr | 93 Cr | 0 Cr | 163 Cr |
| Other assets | 711 Cr | 610 Cr | 129 Cr | 246 Cr | 1,163 Cr | 1,161 Cr | 963 Cr | 603 Cr | 565 Cr | 160 Cr |
| Total assets | 2,440 Cr | 2,784 Cr | 3,154 Cr | 3,407 Cr | 3,886 Cr | 4,494 Cr | 4,980 Cr | 5,635 Cr | 6,287 Cr | 6,990 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 213 Cr | 236 Cr | 154 Cr | 259 Cr | 114 Cr | 299 Cr | 356 Cr | 577 Cr | 207 Cr | 49 Cr |
| Cash from investing | -126 Cr | -134 Cr | -110 Cr | 637 Cr | -859 Cr | -378 Cr | -225 Cr | -440 Cr | -82 Cr | 153 Cr |
| Cash from financing | -75 Cr | -57 Cr | -75 Cr | -86 Cr | -86 Cr | 87 Cr | -97 Cr | -112 Cr | -128 Cr | -129 Cr |
| Net cash flow | 11 Cr | 44 Cr | -30 Cr | 810 Cr | -831 Cr | 8 Cr | 35 Cr | 26 Cr | -3 Cr | 73 Cr |
| Free cash flow (OCF − Capex) | 178 Cr | 199 Cr | 110 Cr | 227 Cr | 59 Cr | 232 Cr | 325 Cr | 358 Cr | -29 Cr | -105 Cr |
Ratios
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 23.7% | 22.7% | 22.3% | 17.1% | 18.5% | 20.1% | 14.8% | 17.5% | 16.8% | 15.2% |
| ROE % | 18.7% | 13.6% | 14.9% | 13.0% | 13.5% | 15.3% | 11.5% | 13.2% | 12.8% | 11.7% |
| Debtor days | 17 | 22 | 25 | 24 | 23 | 17 | 18 | 13 | 17 | 21 |
| Inventory days | 93 | 89 | 93 | 107 | 129 | 85 | 71 | 55 | 60 | 70 |
| Days payable | 38 | 32 | 33 | 29 | 30 | 25 | 22 | 22 | 0 | 15 |
| Cash conversion cycle | 72 | 80 | 85 | 102 | 122 | 77 | 67 | 46 | 76 | 76 |
| OCF / EBITDA % | 53.7% | 53.5% | 32.8% | 67.6% | 30.9% | 69.8% | 70.0% | 98.1% | 38.3% | 7.9% |
| OCF / EBITDA % (3 years) | — | — | 46.1% | 50.1% | 43.1% | 56.9% | 58.9% | 80.8% | 69.6% | 47.6% |
| Debt / equity | 0.0004 | 0.0002 | 0.0001 | 0.0001 | 0.0001 | 0.0001 | 0.0031 | 0.0009 | 0.0036 | 0.0031 |
| Current ratio | 4.59 | 6.30 | 6.48 | 8.66 | 9.35 | 9.53 | 10.03 | 10.56 | 33.12 | 8.42 |
| Net debt / EBITDA | -0.08 | — | -0.10 | -2.23 | -0.07 | -0.07 | -0.11 | -0.15 | 0.04 | -0.23 |