Finolex Cables Ltd
NSE: FINCABLES · Cables - Electricals · sector
₹1,144.70NSE close 2026-10-26
Key numbers
Market cap₹17,508 cr
Price₹1,144.70
52w high / low₹1,499 / ₹701
P/E21.9xSector median 21.9x
P/B2.9xSector median 2.9x
Book value₹397.9
Dividend yield0.01%Sector median 0.30%
ROE13.8%Sector median 12.3%
ROCE16.5%Sector median 17.8%
OPM13.2%Sector median 7.6%
Debt / equity0.00xSector median 0.09x
EV/EBITDA16.9xSector median 15.8x
Interest cover567.0x
Current ratio8.42x
Sales growth 3y+12.2%Sector median +21.4%
Profit growth 3y+12.3%Sector median +12.3%
PEG1.78x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 17 companies in Cables - Electricals (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹2,043 cr vs borrowings ₹19 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 567.0x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 5 of the last 5 years (FY26, FY25, FY24, FY23, FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 20% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹1,144.70 on 2026-10-26: -23.6% from the 52-week high, +63.3% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹1,526.65 · low ₹722.25
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,312 | 1,182 | 1,595 | 1,396 | 1,376 | 1,599 | 1,951 | 2,013 |
| EBITDA | 111 | 138 | 220 | 136 | 183 | 158 | 288 | 285 |
| OPM % | 8.5% | 11.7% | 13.8% | 9.8% | 13.3% | 9.9% | 14.8% | 14.2% |
| Other income | 52 | 45 | 55 | 54 | 37 | 41 | 33 | 51 |
| Net profit | 118 | 147 | 192 | 163 | 163 | 164 | 224 | 249 |
| EPS (₹) | 7.71 | 9.63 | 12.53 | 10.63 | 10.63 | 10.73 | 14.67 | 16.28 |
| Revenue YoY | +4.9% | +35.2% | +22.4% | +44.3% | ||||
| Profit YoY | +38.0% | +11.4% | +17.1% | +53.1% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 3,768 | 4,481 | 5,014 | 5,319 | 6,321 | 6,939 |
| EBITDA | 756 | 579 | 734 | 773 | 824 | 914 |
| Net profit | 599 | 504 | 652 | 701 | 714 | 800 |
| EPS (₹) | 39.18 | 32.97 | 42.61 | 45.82 | 46.67 | 52.31 |
| Revenue growth | +18.9% | +11.9% | +6.1% | +18.8% | +26.5% | |
| Profit growth | -15.8% | +29.2% | +7.5% | +1.8% | +29.2% | |
| Dividend / share (₹) | 5.50 | 6.00 | 7.00 | 8.00 | 8.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +12.2% | +18.0% | +26.5% |
| Net profit | +12.3% | +9.1% | +29.2% |
| EPS | +12.3% | +9.1% | – |
| Share price | – | -3.3% (2y) | +51.0% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 4,370 | 4,946 | 5,495 | 6,086 |
| Borrowings | – | 14 | 4 | 20 | 19 |
| Cash & equivalents | – | 1,419 | 2,278 | 2,505 | 2,043 |
| Total assets | – | 4,980 | 5,635 | 6,287 | 6,990 |
| Fixed assets | – | 422 | 428 | 566 | 831 |
| Capital work in progress | – | 21 | 168 | 210 | 105 |
| Investments | – | 175 | 216 | 0 | 861 |
| Receivables | – | 218 | 177 | 243 | 370 |
| Inventory | – | 675 | 576 | 717 | 1,023 |
| Payables | – | 209 | 234 | 0 | 222 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 299 | 356 | 577 | 207 | 49 |
| Cash from investing | -378 | -225 | -440 | -82 | 153 |
| Cash from financing | 87 | -97 | -112 | -128 | -129 |
| Capex | 67 | 31 | 219 | 236 | 154 |
| Free cash flow | 232 | 325 | 358 | -29 | -105 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 11.5% | 13.2% | 12.8% | 11.7% |
| ROCE % | – | 14.8% | 17.5% | 16.8% | 15.2% |
| Debtor days | – | 18 | 13 | 17 | 21 |
| Inventory days | – | 69 | 53 | 61 | 73 |
| Payable days | – | 21 | 22 | 0 | 16 |
| Cash conversion cycle (days) | – | 66 | 44 | 78 | 78 |
| Working capital days | – | 236 | 234 | 252 | 180 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 35.86% |
| FIIs | 9.63% |
| DIIs | 16.93% |
| of which Mutual funds | 12.44% |
| of which Insurance | 4.21% |
| Public (non-institutions) | 37.59% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 35.86% | 35.86% | 35.86% | 35.86% | 35.86% | 35.86% | 35.86% | 35.86% |
| Promoter group | % |
|---|---|
| Orbit Electricals Private Limited | 30.70% |
| Katara Aruna Mukesh | 1.84% |
| Deepak Kishan Chhabria | 0.79% |
| Sunita Kishandas Chhabria | 0.56% |
| Prakash Pralhad Chhabria | 0.54% |
| Kishandas Parashram Chhabria | 0.45% |
| Vijay Kishandas Chhabria | 0.35% |
| Janak Deepak Chhabria | 0.20% |
| Gayatri Prakash Chhabria | 0.07% |
| Hansika Hiya Prakash Chhabria | 0.07% |
| Amit M Katara | 0.06% |
| Amrita Mukesh Katara | 0.06% |
| Ritu Prakash Chhabria | 0.06% |
| Katara Mukesh Dolumal | 0.02% |
| Vini Deepak Chhabria | 0.02% |
| Public holders above 1% | % |
|---|---|
| Finolex Industries Limited | 14.51% |
| HSBC Mutual Fund - HSBC Value Fund | 3.81% |
| Anil Ramchand Chhabria | 3.09% |
| Nippon Life India Trustee Ltd-a/c Nippon India BAL | 2.65% |
| Franklin India Opportunites Fund | 2.05% |
| Tata AIA Life Insurance Co Ltd-whole Life MID CAP | 1.96% |
| Gopichand Parmanand Hinduja | 1.88% |
| Lgof Global Opportunities Limited | 1.88% |
| HDFC Mutual Fund - HDFC Childrens Fund | 1.31% |
| Leela Ramchand Chhabria | 1.16% |
| HDFC Life Insurance Company Limited | 1.10% |
1,79,938 shareholders. Pledged: 0.00% of promoter shares.
Peers in Cables - Electricals
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| POLYCAB | ₹1,16,621 cr | 36.8x | 8.9x | 26.6% | 34.6% | 13.5% | +27.0% | 0.47% |
| KEI | ₹37,279 cr | 35.3x | 5.2x | 15.8% | 19.8% | 11.0% | +19.3% | 0.12% |
| RRKABEL | ₹24,700 cr | 40.6x | 9.6x | 25.7% | 31.9% | 8.5% | – | 0.34% |
| FINCABLES | ₹17,508 cr | 21.9x | 2.9x | 13.8% | 16.5% | 13.2% | +12.2% | 0.01% |
| UNIVCABLES | ₹4,616 cr | 23.0x | 2.4x | 10.9% | 9.2% | 8.7% | +11.1% | 0.30% |
| LASERPOWER | ₹2,366 cr | – | – | – | – | – | – | – |
| LUMINO | ₹2,189 cr | – | – | – | – | – | – | – |
| PARACABLES | ₹1,820 cr | 30.0x | 2.3x | 8.2% | 11.9% | 4.3% | +33.9% | – |
| DYCL | ₹1,722 cr | 18.9x | 3.8x | 21.9% | 26.9% | 10.9% | +21.4% | 0.07% |
| QUADFUTURE | ₹1,578 cr | – | 6.1x | -13.9% | -16.8% | -19.8% | – | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Electrical cables | ₹5,490 cr | 65.4% | ₹563 cr | 10.3% |
| Copper rods | ₹2,143 cr | 25.5% | ₹3 cr | 0.1% |
| Communication cables | ₹500 cr | 6.0% | ₹14 cr | 2.8% |
| Others | ₹262 cr | 3.1% | ₹5 cr | 1.8% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-04 | Dividend | Dividend - Rs 9 Per Share |
| 2025-09-04 | Dividend | Dividend - Rs 8 Per Share |
| 2024-09-17 | Dividend | Dividend - Rs 8 Per Share |
| 2023-09-22 | Dividend | Dividend - Rs 7 Per Share |
| 2022-09-15 | Dividend | Annual General Meeting/Dividend - Rs 6 Per Share |
| 2021-09-16 | Dividend | Annual General Meeting/Dividend - Rs 5.50 Per Share |
| 2020-09-17 | Dividend | Annual General Meeting/Dividend - Rs 5.50 Per Share |
| 2019-09-05 | Dividend | Annual General Meeting/Dividend - Rs 4.50 Per Share |
| 2018-09-12 | Dividend | Annual General Meeting/Dividend- Rs 4 Per Share |
| 2017-09-14 | Dividend | Annual General Meeting/Dividend - Rs 3/- Per Share |
| 2016-08-26 | Dividend | Annual General Meeting/Final Dividend Rs.2/- Per Share And One Time Special Dividend Rs.0.50/- Per Share |
| 2015-07-30 | Dividend | Annual General Meeting / Dividend - Rs 1.80/- Per Share |
| 2014-08-27 | Dividend | Annual General Meeting / Dividend Rs.1.60/- Per Equity Share (Book Closure Dates & Agm Dates Revised) |
| 2013-06-13 | Dividend | Annual General Meeting And Dividend Rs.1.20 Per Share |
| 2012-07-26 | Dividend | Annual General Meeting And Dividend Re.0.80 Per Share |
| 2011-07-21 | Dividend | Annual General Meeting And Dividend Re.0.70 Per Share |
| 2010-07-15 | Dividend | Agm/Dividend Rs. 0.60 Per Share |
| 2009-08-07 | Other | Agm/Div-Re.0.20 Per Share |
| 2008-07-17 | Dividend | Agm/Dividend - 75% |
| 2007-06-14 | Dividend | Agm/Dividend - 70% |
Documents
- Annual report FY26
- Annual report FY26
- Annual report FY25
- Annual report FY25
- Annual report FY24
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Cable Manufacturing: Comprises the manufacturing of a wide range of cables including power cables, communication cables, fibre optic cables, coaxial cables, instrumentation cables, LAN cables, winding wires and other specialised cable solutions catering to industrial, infrastructure and domestic applications.
- Electrical Equipment Manufacturing: Comprises the manufacturing of electrical products and equipment including switches, switchgear, LED lighting products, fans, water heaters, PVC conduit pipes and fittings and other electrical accessories for residential, commercial and industrial applications.
| Sector | Industrials |
| Industry | Cables - Electricals |
| Sub-industry | Cables - Electricals |
| Symbol | FINCABLES |
| BSE code | 500144 |
| ISIN | INE235A01022 |
| Face value | ₹2.0 |
| Incorporated | 1967-06-05 |
| Website | www.finolex.com |
| Plants (India / abroad) | 5 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.