Finolex Cables Ltd
NSE: FINCABLES BSE: 500144
₹1192
+51.90 (4.55%)
Thu, 05 Nov 2026, 11:24 pm
Market Cap (in Cr)17425.14
PE Ratio22.78
Dividend0.79
Producer Manufacturing
Electrical Products
24.5KFinolex Cables Ltd Company History
1967
- The company was incorporated on 5th June as a private limited company under the name Alfa Rubber Co Ltd in Delhi.
1969
- The company was converted into a public limited company on 8th October.
1971
- All shares were issued to promoters, with 750 shares issued prior to 1970 and 19,250 shares issued during the year.
1973
- The name of the company was changed to Finolex Cables Ltd with effect from 23rd August.
1974
- 25,000 shares were issued as rights in the ratio 5:4.
1981
- The authorised capital was reclassified and increased.
- Equity shares were sub-divided during 1982.
- 4,50,000 Rights Equity shares of Rs 10 each were issued at par in the ratio 1:1.
1983
- 9,00,000 shares were issued at a premium of Rs 8 per share through a prospectus.
- 1,98,000 shares were reserved for ICICI and UTI, 35,100 shares for employees, and 14,040 shares for associates.
1987
- Government approval was received for doubling the production of Jelly-filled telephone cables.
- The company entered into a technical collaboration agreement with Reliance Comm/Tec of USA.
- The company entered into a technical collaboration agreement with Norddevtsche Seekabel Werke AG of W Germany.
- 14,40,000 equity shares were issued as bonus shares in the ratio 4:5.
1991
- The company proposed to add balancing equipment and infrastructural facilities for enhancing the capacity of the Urse factory.
- A letter of intent was received for the caustic soda/chlorine project.
- The company issued 8,50,000 non-Convertible secured redeemable debentures of Rs 100 each.
1992
- The company proposed to take up the manufacture of rubber insulated cables and fluoro-polymer insulated cables.
- The company proposed to manufacture optic fibre cable and was in negotiations for technical collaboration/joint venture.
- The company issued 1,50,000 non-convertible secured redeemable debentures of Rs 100 each.
- The company issued 4,00,000 and 1,50,000 non-convertible debentures of Rs 100 each.
- 32,40,000 bonus equity shares were issued in the ratio 1:1.
1993
- The company proposed to expand the existing facilities at Pimpri for the production of light duty cables.
- The company proposed to take up the manufacture of PVC and Polycarbonate rigid Thermoplastic sheets and PVC calendared products.
1994
- Facilities for the manufacture of jelly filled telephone cables were fully shifted to the Urse plant.
- The company proposed to put up a factory in Goa for the manufacture of Continuous Cast Copper Rods.
- The company proposed to put up a captive power plant of about 25 MW at Ratnagiri.
- Promoters were issued 15,00,000 warrants.
- 17,79,850 equity shares were allotted at a premium of Rs 465.20 per share.
- The company issued 33,13,250 GDRs representing 33,13,254 equity shares.
- The company issued commercial papers worth Rs 1500 lakhs.
1995
- The company promoted joint venture companies under its diversification programme, including Finoram Sheets Ltd and AT&T Finolex Fibre Optic Cables Ltd.
- The installed capacity for the manufacture of Jelly filled Telephone cables was increased to 6.5 MCKM.
1996
- The company set up manufacturing facilities for fibre optic cables with a capacity of 10,000 Cable Kms at Urse in a joint venture with AT&T of USA.
1997
- The company proposed to set up a plant for the production of Light Duty Cables with an investment of about Rs 750 million.
- The company undertook a modernisation programme for conventional cables.
- Finolex Cables had a joint venture with Paltough of Italy to manufacture PVC poly-carbonate rigid thermo-plast sheets.
- The company had an MoU with Tarmac Black and Veach of US for power purchase with KSEB for a project in Kerala.
- Finolex Cables had a joint mission with Heogen-plast to make flexible plastic sheets.
- The company had a joint venture with AT&T of US for fibre optic cables.
- Creole Holding Co. Ltd and Finolex Finance Ltd were wholly-owned subsidiaries of Finolex Cables.
- Finoram Sheets Ltd was amalgamated with the company with effect from 1st April.
1998
- The company set up a string of joint ventures with international majors.
- Finolex Cables received certification from Underwriters Laboratories Inc, United States, for computer LAN cables.
- The company modernised and expanded its LDC unit at Pimpri near Pune.
- The company developed thin walled high temperature resistant automobile wires.
- The company entered into a joint venture with Lucent Technologies for the manufacture of fibre optic cables.
1999
- The company invested Rs 75 crore to set up a new manufacturing unit at Goa.
- A special committee was set up to look at options for implementing a buyback.
- Finolex Cables declared a bonus issue in the ratio of one equity share for every one share held.
- The company entered the automotive component market with the manufacture of thin wall high temperature wires.
2000
- The company informed the National Stock Exchange of its plan to acquire the holdings of Essex Group Inc.
- Finolex Essex Industries Ltd became a wholly-owned subsidiary of the company.
- The company offered to buy back 36,10,620 equity shares through the book-building process.
2001
- The workers and engineers on strike at the JFTC plant in Urse called off their strike and agreed to resume duties.
2002
- Finolex Cables completed the acquisition of the Optical Fibre business of Finolex Technologies.
- Finolex developed a total cable solution provider and expanded from a single plant to two new plants.
- The Board passed a resolution approving the revised Offer Time Table for the proposed buyback of equity shares.
- The company transferred the beneficial interest of its entire shares in Creole Holdings Company Ltd.
- The company divested its entire shareholding in Creole Holdings Company Ltd.
2004
- Finolex tied up with Bajaj Allianz for insurance cover.
- Finolex Cables signed an agreement with Bajaj Allianz.
2005
- Finolex achieved Superbrand Cable status.
2007
- The company split its face value from Rs.10 to Rs.2.
2008
- The company recommended a dividend of 75%.
2009
- The company recommended a dividend of 10%.
2010
- The company recommended a dividend of 30%.
2011
- The company changed its Registrar and Share Transfer Agent to SHAREPRO SERVICES (INDIA) PVT. LTD.
- The company recommended a dividend of 35%.
2012
- The company recommended a dividend of 40%.
2013
- The Board approved the setting up of a captive 5 MW Solar Power Plant at Urse, Pune.
- The company recommended a dividend of 60%.
2014
- The company was awarded an advance purchase order of over Rs. 200 crores for Metal Free Optical Fibre Cable of the National Optic Fibre Network backbone project.
2015
- Finolex entered a joint venture with J-Power Systems, Japan.
- Finolex industries received accolades from Pune Customs.
- Finolex strengthened the educational infrastructure of rural and semi-urban Andhra Pradesh.
2016
- Finolex industries launched a Fans and Water Heaters Switchgear plant in Uttarakhand.
2019
- Finolex Cables launched an Electrical Accessories Range to expand its product offerings.
2021
- Finolex Cables launched Conduit Pipe and Accessories for the construction Industry.
- Finolex Cables set up a new plant at Goa.
2023
- Finolex Cables launched Electric Irons in the Small Domestic Appliance Category.
