FINCABLES

Finolex Cables Share Price

₹1,097.85 -20.2 (-1.81%)

21 Nov, 2024 14:20

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Performance

  • Low
  • ₹1,086
  • High
  • ₹1,128
  • 52 Week Low
  • ₹831
  • 52 Week High
  • ₹1,700
  • Open Price₹1,128
  • Previous Close₹1,118
  • Volume67,491

Investment Returns

  • Over 1 Month -16.78%
  • Over 3 Month -24.66%
  • Over 6 Month + 4.48%
  • Over 1 Year + 20.34%
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Finolex Cables Fundamentals Fundamentals refer to the financial data that companies report on a quarterly or annual basis.

  • P/E Ratio
  • 24
  • PEG Ratio
  • 2.8
  • Market Cap Cr
  • 16,790
  • P/B Ratio
  • 3.4
  • Average True Range
  • 49.2
  • EPS
  • 45.7
  • Dividend Yield
  • 0.7
  • MACD Signal
  • -45.87
  • RSI
  • 28.89
  • MFI
  • 45.91

Finolex Cables Financials

Finolex Cables Technicals

EMA & SMA

Current Price
₹1,097.85
-20.2 (-1.81%)
pointer
  • stock-down_img
  • Bullish Moving Average 0
  • stock-up_img
  • Bearish Moving Average 16
  • 20 Day
  • ₹1,203.04
  • 50 Day
  • ₹1,284.47
  • 100 Day
  • ₹1,322.40
  • 200 Day
  • ₹1,270.96

Resistance and Support

1122.73 Pivot Speed
  • R3 1,161.87
  • R2 1,150.38
  • R1 1,134.22
  • S1 1,106.57
  • S2 1,095.08
  • S3 1,078.92

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Ratings

Master Rating

EPS Strenth

Price Strength

Buyer Demand

Group Rank

Finolex Cables Ltd. is India’s leading manufacturer of electrical and communication cables with a diversified portfolio including electrical wires, power cables, communication cables, and lighting products. The company operates through multiple facilities, serving both domestic and international markets.

Finolex Cables has an operating revenue of Rs. 5,164.90 Cr. on a trailing 12-month basis. An annual revenue growth of 13% is good, Pre-tax margin of 14% is healthy, ROE of 13% is good. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles. The stock from a technical standpoint is trading below to its key moving averages. It needs to take out these levels and stay above it to make any meaningful move. From an O'Neil Methodology perspective, the stock has an EPS Rank of 62 which is a FAIR score but needs to improve its earnings, a RS Rating of 36 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at D+ which indicates heavy supply, Group Rank of 106 indicates it belongs to a poor industry group of Electrical-Power/Equipmt and a Master Score of C is fair but needs to improve. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock has mediocre earnings and technical strength, there are superior stocks in the current market environment.

Disclaimer: This stock analysis report is algorithmically generated for informational purposes only and should not be considered as a buy or sell recommendation.

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Finolex Cables Corporate Actions - Bonus, Splits, Dividends

Date Purpose Remarks
2024-11-12 Quarterly Results
2024-08-10 Quarterly Results
2024-05-23 Audited Results & Final Dividend
2024-02-09 Quarterly Results
2023-11-09 Quarterly Results
Date Purpose Remarks
2024-09-18 FINAL Rs.8.00 per share(400%)Final Dividend
2023-09-22 FINAL Rs.7.00 per share(350%)Final Dividend

Finolex Cables F&O

Finolex Cables Shareholding Pattern

35.86%
10.45%
5.83%
11.32%
0.25%
16.91%
19.38%

About Finolex Cables

Fincables India Ltd. is a leading manufacturer of electrical & optical cables based in India. Established to cater to the growing demand for high quality cable solutions, the company offers a diverse range of products, including power cables, control cables, & fiber optic cables. Fincables India is known for its commitment to quality, innovation, & customer service, ensuring that its products meet international standards. The company's focus on technological advancements & operational efficiency has positioned it as a significant player in the cable manufacturing industry.

One of India's top producers of telecom & power cables is Finolex Cables Limited. As one of the nation's most diversified wire & cable firms, Finolex has been in business for more than 50 years & has managed to hold its dominant position.
Finolex has ventured into the production of household appliances & Fast-Moving Electrical Goods (FMEG) in addition to a broad range of wires & cables. The company has built a solid reputation & been the go-to source for institutional & retail electrical solutions in India throughout the years.

Plans for Expansion FY23: To increase plant capacity across all product categories, the company has budgeted Rs. 500 crores over the course of the next 18 to 20 months. In order to increase its fiber draw capacity & produce optical fiber preforms, it is also investing in backward integration. The company is adding more compound manufacturing capacity & increasing its auto cable capacity by 50%. By H2FY25, the upcoming capacity are expected to be commercialized. As part of its ongoing expansion plans, the company is also moving forward with the establishment of an e-beam factory.

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  • NSE Symbol
  • FINCABLES
  • BSE Symbol
  • 500144
  • ISIN
  • INE235A01022

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Finolex Cables FAQs

Finolex Cables share price is ₹1,097 As on 21 November, 2024 | 14:06

The Market Cap of Finolex Cables is ₹16790.4 Cr As on 21 November, 2024 | 14:06

The P/E ratio of Finolex Cables is 24 As on 21 November, 2024 | 14:06

The PB ratio of Finolex Cables is 3.4 As on 21 November, 2024 | 14:06

Consider the company's market position in the cable industry & its financial performance before investing.

Key metrics include revenue from key segments, production capacity, & profit margins.
 

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Q2FY23