Finolex Cables Ltd

NSE: FINCABLES BSE: 500144

₹1021

(0.36%)

Tue, 21 Jul 2026, 07:17 pm

Market Cap (in Cr)15540.93

PE Ratio21.88

Dividend0.76

Producer Manufacturing

Electrical Products

24.5K

Finolex Cables Analysis

Pros

Dividends per share have increased over the past 10 years.
Dividends paid are well covered by earnings (6.6x coverage).
Dividends after 3 years are expected to be well covered by earnings (3.8x coverage).
Dividends per share have been stable in the past 10 years.
Finolex Cables's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.76%).

Cons

Finolex Cables's dividend is below the markets top 25% of dividend payers in India (3.08%).

Pros

Performance (ROE) is expected to be above the current IN Electrical industry average.

Cons

Cash flow for Finolex Cables is expected to increase but not above the 50% threshold in 2 years time.
Finolex Cables's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
Finolex Cables's earnings are expected to decrease over the next 1-3 years, this is below the India market average.
Finolex Cables's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 7.2%.
Finolex Cables's earnings are expected to decrease over the next year.
Finolex Cables's net income is expected to decrease over the next 2 years.
Finolex Cables is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
A decline in Finolex Cables's performance (ROE) is expected over the next 3 years.
Finolex Cables's revenue is expected to decrease over the next 2 years.
Finolex Cables's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Finolex Cables's revenues are expected to decrease over the next 1-3 years, this is below the India market average.

Pros

Finolex Cables is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Finolex Cables is profitable, therefore cash runway is not a concern.
Finolex Cables is profitable, therefore cash runway is not a concern.
Debt is well covered by operating cash flow (85959.5%, greater than 20% of total debt).
Debt is covered by short term assets, assets are 4950.4x debt.
Finolex Cables's cash and other short term assets cover its long term commitments.
The level of debt compared to net worth has been reduced over the past 5 years (6.6% vs 0% today).
Finolex Cables earns more interest than it pays, coverage of interest payments is not a concern.
Finolex Cables's level of debt (0%) compared to net worth is satisfactory (less than 40%).

Cons

Pros

Cons

The average tenure for the Finolex Cables board of directors is less than 3 years, this suggests a new board.

Pros

Cons

Pros

Finolex Cables's 1-year earnings growth exceeds its 5-year average (16.3% vs 15.3%)
Finolex Cables's year on year earnings growth rate has been positive over the past 5 years.
Finolex Cables used its assets more efficiently than the IN Electrical industry average last year based on Return on Assets.
Finolex Cables's earnings growth has exceeded the IN Electrical industry average in the past year (16.3% vs 11.7%).

Cons

Finolex Cables's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Finolex Cables has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).

Pros

Finolex Cables is good value based on earnings compared to the IN Electrical industry average.
Finolex Cables is good value based on earnings compared to the India market.
BSE:500144 is up 17.4% outperforming the Electrical industry which returned 9.3% over the past month.
BSE:500144 is up 17.4% outperforming the market in India which returned 8% over the past month.

Cons

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%).
Finolex Cables is overvalued based on assets compared to the IN Electrical industry average.
Finolex Cables earnings are not expected to grow next year, we can't assess if its growth is good value.
500144 underperformed the Electrical industry which returned -33.5% over the past year.
500144 underperformed the Market in India which returned -14.5% over the past year.