Past 10 year's financial track record analysis by Moneyworks4me indicates that Finolex Cables Ltd is a good quality company.
The key valuation ratios of Finolex Cables Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Finolex Cables Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 21% | 22.7% | 24% | 24.8% | 23% | 19.5% | 13.9% | 17% | 18.6% | 19.1% | - |
| Value Creation Index ⓘ | 0.5 | 0.6 | 0.8 | 0.8 | 0.7 | 0.4 | 0.0 | 0.3 | 0.4 | 0.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 2,449 | 2,360 | 2,445 | 2,815 | 3,078 | 2,877 | 2,768 | 3,768 | 4,481 | 5,014 | 5,165 |
| Sales YoY Gr. | - | -3.6% | 3.6% | 15.2% | 9.3% | -6.5% | -3.8% | 36.1% | 18.9% | 11.9% | - |
| Adj EPS ⓘ | 11.6 | 15.7 | 21.7 | 24.2 | 23.5 | 27.9 | 19.7 | 26.9 | 33.5 | 37.7 | 35.5 |
| YoY Gr. | - | 35.7% | 38.1% | 11.5% | -3% | 18.8% | -29.4% | 36.5% | 24.7% | 12.3% | - |
| BVPS (₹) ⓘ | 82.7 | 104.3 | 122.8 | 143.4 | 159.5 | 177.8 | 192.9 | 213.4 | 242.5 | 275 | 285 |
| Adj Net Profit ⓘ | 177 | 241 | 332 | 370 | 359 | 427 | 301 | 411 | 513 | 576 | 543 |
| Cash Flow from Ops. ⓘ | 183 | 276 | 213 | 236 | 154 | 309 | 114 | 473 | 356 | 577 | - |
| Debt/CF from Ops. ⓘ | 0.7 | 0.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 8.3% | 10.3% | 21.9% | 11.9% | ||||
| Adj EPS ⓘ | 14% | 9.9% | 24.1% | 12.3% | ||||
| BVPSⓘ | 14.3% | 11.5% | 12.5% | 13.4% | ||||
| Share Price | 15.7% | 26.2% | 26.2% | 13% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 15 | 16.8 | 19.1 | 18.2 | 15.5 | 16.6 | 10.6 | 13.2 | 14.7 | 14.6 | 12.7 |
| Op. Profit Mgn % ⓘ | 11.1 | 15.2 | 16.2 | 15.5 | 14.6 | 14.1 | 13.8 | 11.3 | 11.4 | 11.7 | 9.9 |
| Net Profit Mgn % ⓘ | 7.2 | 10.2 | 13.6 | 13.2 | 11.7 | 14.8 | 10.9 | 10.9 | 11.5 | 11.5 | 10.5 |
| Debt to Equity ⓘ | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 79 | 78 | 85 | 90 | 99 | 118 | 183 | 185 | 207 | 210 | 120 |
| Cash Conv. Cycle ⓘ | 56 | 49 | 47 | 52 | 61 | 73 | 88 | 65 | 52 | 41 | 106 |
Sales growth is growing at healthy rate in last 3 years 21.90%
Net Profit is growing at healthy rate in last 3 years 24.10%
Return on Equity has declined versus last 3 years average to 12.70%
Sales growth is not so good in last 4 quarters at 8.32%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 35.5 | 45.7 |
| TTM Sales (₹ Cr.) | 5,165 | 5,165 |
| BVPS (₹.) ⓘ | 285 | 339.5 |
| Reserves (₹ Cr.) ⓘ | 4,329 | 5,161 |
| P/BV ⓘ | 4.04 | 3.39 |
| PE ⓘ | 32.43 | 25.18 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 833.00 / 1700.00 |
| All Time Low / High (₹) | 5.05 / 1700.00 |
| Market Cap (₹ Cr.) | 17,596 |
| Equity (₹ Cr.) | 30.6 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 58.6 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,449 | 2,360 | 2,445 | 2,815 | 3,078 | 2,877 | 2,768 | 3,768 | 4,481 | 5,014 |
| Operating Expenses ⓘ | 2,189 | 2,021 | 2,073 | 2,398 | 2,649 | 2,507 | 2,413 | 3,353 | 3,986 | 4,434 |
| Manufacturing Costs | 90 | 73 | 74 | 87 | 88 | 83 | 70 | 83 | 107 | 118 |
| Material Costs | 1,788 | 1,721 | 1,727 | 2,034 | 2,265 | 2,083 | 2,051 | 2,966 | 3,544 | 3,948 |
| Employee Cost | 94 | 107 | 119 | 135 | 130 | 139 | 129 | 136 | 152 | 177 |
| Other Costs ⓘ | 217 | 120 | 154 | 142 | 167 | 202 | 163 | 167 | 183 | 191 |
| Operating Profit ⓘ | 260 | 339 | 371 | 417 | 429 | 370 | 355 | 415 | 495 | 581 |
| Operating Profit Margin (%) | 10.6% | 14.4% | 15.2% | 14.8% | 13.9% | 12.9% | 12.8% | 11.0% | 11.0% | 11.6% |
| Other Income ⓘ | 58 | 64 | 100 | 133 | 145 | 172 | 77 | 152 | 199 | 218 |
| Interest ⓘ | 14 | 9 | 4 | 1 | 1 | 2 | 1 | 2 | 1 | 2 |
| Depreciation ⓘ | 64 | 58 | 48 | 44 | 41 | 39 | 39 | 39 | 46 | 44 |
| Exceptional Items ⓘ | 23 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 263 | 336 | 419 | 504 | 532 | 501 | 392 | 527 | 646 | 753 |
| Tax ⓘ | 64 | 88 | 103 | 146 | 188 | 99 | 109 | 122 | 144 | 181 |
| Profit After Tax | 199 | 249 | 316 | 358 | 344 | 402 | 283 | 405 | 502 | 572 |
| PAT Margin (%) | 8.1% | 10.5% | 12.9% | 12.7% | 11.2% | 14.0% | 10.2% | 10.7% | 11.2% | 11.4% |
| Adjusted EPS (₹) | 13.0 | 16.3 | 20.7 | 23.4 | 22.5 | 26.3 | 18.5 | 26.5 | 32.8 | 37.4 |
| Dividend Payout Ratio (%) | 14% | 15% | 15% | 17% | 20% | 21% | 30% | 23% | 21% | 21% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 1,265 | 1,596 | 1,877 | 2,194 | 2,440 | 2,719 | 2,951 | 3,264 | 3,710 | 4,206 |
| Share Capital ⓘ | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 |
| Reserves ⓘ | 1,234 | 1,565 | 1,847 | 2,163 | 2,409 | 2,688 | 2,920 | 3,233 | 3,679 | 4,175 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 51 | 26 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| Long Term Debt | 51 | 26 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| Short Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 65 | 90 | 188 | 177 | 208 | 159 | 176 | 190 | 209 | 234 |
| Others Liabilities ⓘ | 252 | 207 | 110 | 104 | 121 | 134 | 125 | 146 | 1,434 | 1,514 |
| Total Liabilities ⓘ | 1,634 | 1,918 | 2,176 | 2,476 | 2,769 | 3,012 | 3,252 | 3,600 | 5,353 | 5,955 |
Fixed Assets | ||||||||||
| Gross Block | 1,098 | 487 | 517 | 550 | 582 | 603 | 649 | 662 | 762 | 809 |
| Accumulated Depreciation | 596 | 11 | 102 | 141 | 178 | 216 | 255 | 282 | 327 | 365 |
| Net Fixed Assetsⓘ | 502 | 476 | 415 | 409 | 404 | 387 | 394 | 380 | 435 | 445 |
| CWIP ⓘ | 7 | 3 | 8 | 5 | 10 | 27 | 26 | 87 | 21 | 168 |
| Investmentsⓘ | 494 | 700 | 896 | 1,215 | 1,382 | 726 | 937 | 1,120 | 1,713 | 2,576 |
| Inventories | 319 | 329 | 462 | 499 | 587 | 593 | 755 | 653 | 675 | 576 |
| Trade Receivables | 119 | 126 | 124 | 175 | 211 | 187 | 177 | 177 | 218 | 177 |
| Cash Equivalents | 138 | 219 | 176 | 104 | 49 | 934 | 54 | 38 | 73 | 98 |
| Others Assetsⓘ | 55 | 65 | 95 | 69 | 126 | 158 | 909 | 1,145 | 2,219 | 1,915 |
| Total Assets ⓘ | 1,634 | 1,918 | 2,176 | 2,476 | 2,769 | 3,012 | 3,252 | 3,600 | 5,353 | 5,955 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 183 | 276 | 213 | 236 | 154 | 309 | 114 | 473 | 356 | 577 |
| PBT ⓘ | 263 | 336 | 419 | 504 | 532 | 501 | 392 | 527 | 646 | 753 |
| Adjustment ⓘ | 15 | 64 | 14 | -42 | -67 | -82 | -5 | -71 | -125 | -156 |
| Changes in Working Capital ⓘ | -48 | -55 | -92 | -92 | -149 | -1 | -156 | 149 | -33 | 140 |
| Tax Paid ⓘ | -47 | -70 | -129 | -135 | -162 | -110 | -117 | -132 | -132 | -160 |
| Cash Flow From Investing Activity ⓘ | -186 | -127 | -126 | -134 | -110 | 587 | -859 | -378 | -225 | -440 |
| Capex | -32 | -13 | -35 | -37 | -44 | -32 | -55 | -67 | -31 | -219 |
| Net Investments | -188 | -135 | -200 | -275 | -137 | 535 | -834 | -430 | -324 | -307 |
| Others ⓘ | 34 | 20 | 109 | 177 | 72 | 84 | 30 | 119 | 131 | 86 |
| Cash Flow From Financing Activityⓘ | -39 | -68 | -75 | -57 | -75 | -86 | -86 | -87 | -97 | -112 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | -26 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -13 | -9 | -4 | -1 | -1 | -1 | 0 | -1 | 0 | 0 |
| Dividend Paid ⓘ | -29 | -28 | -38 | -46 | -61 | -68 | -84 | -84 | -92 | -107 |
| Others ⓘ | 2 | -31 | -8 | -9 | -13 | -17 | -2 | -2 | -5 | -5 |
| Net Cash Flow ⓘ | -43 | 81 | 11 | 44 | -30 | 810 | -831 | 8 | 35 | 26 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 16.78 | 17.4 | 18.19 | 17.6 | 14.85 | 15.61 | 9.98 | 13.02 | 14.39 | 14.44 |
| ROCE (%) | 20.95 | 22.74 | 24.03 | 24.84 | 22.99 | 19.49 | 13.86 | 17 | 18.56 | 19.07 |
| Asset Turnover Ratio | 1.61 | 1.45 | 1.3 | 1.24 | 1.17 | 1 | 0.88 | 1.1 | 1 | 0.89 |
| PAT to CFO Conversion(x) | 0.92 | 1.11 | 0.67 | 0.66 | 0.45 | 0.77 | 0.4 | 1.17 | 0.71 | 1.01 | Working Capital Days |
| Receivable Days | 19 | 17 | 17 | 19 | 23 | 25 | 24 | 17 | 16 | 14 |
| Inventory Days | 48 | 46 | 54 | 61 | 64 | 75 | 89 | 68 | 54 | 46 |
| Payable Days | 12 | 16 | 29 | 33 | 31 | 32 | 30 | 23 | 21 | 20 |
Established in 1958, Finolex Cables is India’s largest and leading manufacturer of electrical and telecommunication cables. It has recently diversified into the fast-moving electrical goods (FMEG) segment with the aim of becoming a complete electrical products company.
The company started its operation with the manufacture of PVC insulated electrical cables for the automobile industry. Since then, the Company has constantly endeavored to augment its product range to include PVC Insulated Industrial Cables , FR-LSH PVC Insulated Industrial Cables, PVC Insulated Single Core and Multicore Flexible Industrial Cables, Rodent Repellent Multicore Flexible Industrial Cables, PVC Insulated Winding Wires and 3 Core Flat Cables, XLPE 3 Core Flat Cables, Power and Control Cables, High Voltage Power Cables (Up to 33 kV), Polyethylene Insulated Jelly Filled Telephone Cables, Auto & Battery Cables, Co-axial and CATV cables, LAN Cables, Switchboard Cables, Fibre Optic Cables, Solar Cables and others.
Besides a wide variety of Wires & Cables, the Company is also manufacturing lighting products, electrical accessories, switchgear, fans and water heaters. The company has manufacturing facilities at Pimpri and Urse in Pune as well as at Goa & Uttarakhand. The company has, over the years, established its reputation as an innovative leader and quality manufacturer by continuously upgrading technology, modernising manufacturing facilities and maintaining highest standards of quality and services.
Today, the name Finolex has become synonymous with Quality and enjoys overwhelming confidence of the customers. Investors have also fancied its stock in view of its phenomenal progress leading to a manifold increase on investment in stock through the years.
Its long - decade journey is anchored on the pillars of its manufacturing excellence, innovation focus and technology edge. By maintaining the highest standards of quality and service, it has built a strong relationship with institutional and retail customers. It has always been striving for offering better products to market on time. For achieving this, Finolex Cables has set up four modern state-of-the-art plants. These manufacturing plants are located in Pimpri (Pune), Urse (Pune), Goa & Roorkee (Uttarakhand). All these manufacturing plants are well equipped with latest state-of-the-art modern machinery for producing quality product. All the plants are ISO 9001 certified. In addition to this, all plants are ISO 14000 certified. All the plants are equipped with the testing facilities for assuring the best quality products. All these plants are continuously upgraded to latest & modern technology for offering quality product at competitive prices. The safety records of all these plants are excellent.
Business area of the company
The Company is principally engaged in the manufacturing of Electricals Cables, Communication Cables & other electrical appliances.
Products
Milestones
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Limited to the first 10 users today!
Practical Stock Investing Hand Book
By - Raymond Moses
Founder of MoneyWorks4Me | Consultant | Trainer | Author | TEDx Speaker
Register & Get Inatant Access!Don't miss out! First 10 users today get it FREE
With this 4 hrs Masterclass, you’ll be able to:
Download APP
