Loading current stock analysis…
Loading current stock analysis…
India
As of 18 Sept 2026, 03:30 pm
Finolex Cables' borrowings increased to ₹8 crore in March 2020 from ₹1 crore in March 2019. Over the same period, its equity capital remained stable at ₹31 crore. The company's reserves also increased from ₹2,706 crore in March 2019 to ₹2,973 crore in March 2020.
Cash flow from operating activities for Finolex Cables significantly increased to ₹309 crore for the year ending March 2020, up from ₹154 crore in March 2019. Cash flow from investing activities also saw a substantial positive shift, moving from -₹110 crore in March 2019 to ₹587 crore in March 2020. Consequently, free cash flow rose to ₹277 crore in March 2020 from ₹110 crore in March 2019.
Finolex Cables has demonstrated growth in both sales and profits. Over the last five years, sales have compounded at 18%, and profits at 9%. On a trailing twelve months (TTM) basis, sales growth is reported at 27%, and profit growth at 29%.
For the fiscal year ending March 2026, Finolex Cables reported that its electrical cables segment revenue increased by 22.0% to ₹5,490.2 crore. The communication cables segment revenue was broadly flat at ₹500.3 crore, while copper rods revenue increased to ₹68.9 crore. Total gross revenue reached ₹6,559.0 crore.
Finolex Cables has scheduled its 58th Annual General Meeting for September 28, 2026. The company also has an in-person institutional investor and analyst meeting planned for September 9, 2026, which includes a plant visit to its Urse facility in Pune.
As of 18 Sept 2026, 03:30 pm
Recent drawdown or price variability is materially high and may lead to larger short-term outcomes.
Primary driver: Price swings are higher than typical
Trading volume was unusually high, but the closing price did not show a clear directional move.
This indicates increased participation without a clear directional signal.
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
Trading volume was unusually high, but the closing price did not show a clear directional move.
This indicates increased participation without a clear directional signal.
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Latest complete financial results for Q4 FY2026 and comparative quarterly trends.
| Metric | Q4 FY2025-26(Latest) | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 | Q4 FY2024-25 |
|---|---|---|---|---|---|
| Profit Before Tax | PEAK₹303.38 crore | ₹183.50 crore | ₹206.20 crore | ₹176.37 crore | ₹261.46 crore |
| Segment Profit Before Tax | ₹196.02 crore | ₹183.50 crore | ₹168.09 crore | ₹176.37 crore | PEAK₹212.68 crore |
| Other Expenses | PEAK₹114.67 crore | ₹77.83 crore | ₹75.80 crore | ₹80.52 crore | ₹97.12 crore |
| Revenue From Operations | PEAK₹1,951.08 crore | ₹1,598.62 crore | ₹1,375.79 crore | ₹1,395.52 crore | ₹1,594.58 crore |
| Finance Costs | ₹44 lakh | ₹45 lakh | ₹44 lakh | ₹42 lakh | PEAK₹50 lakh |
Other expenses totalled ₹114.67 crore, up 47.3% from ₹77.83 crore in the preceding quarter (December 2025) and up 18.1% from ₹97.12 crore a year earlier. Sequentially, other expenses rose ₹36.84 crore, while segment profit before tax improved by just ₹12.52 crore, meaning a large part of the incremental revenue in the quarter was absorbed by other costs.
Cost of materials consumed in the quarter was ₹1,695.44 crore, equating to 86.9% of revenue. This high ratio, typical for cable manufacturing where raw materials such as copper and aluminium are dominant inputs, means that even modest changes in material prices or product mix can have a significant impact on profitability.
Finance costs were just ₹44 lakh, down from ₹50 lakh a year ago. This negligible expense indicates that the company carries very little debt, with interest outflows having no material effect on earnings.
Exchange disclosures and regulatory announcements for Finolex Cables.
FINOLEX CABLES LIMITED will hold its 58th Annual General Meeting on September 28, 2026, to consider the adoption of audited financial statements for the fiscal year ended March 31, 2026, and declare a dividend. The meeting agenda includes the re-appointment of Non-Executive Director Mr. Nikhil Naik, Independent Directors Mrs. Vanessa Singh and Mr. Sriraman Raghuraman for five-year terms, and Whole-time Director Mr. Ratnakar Barve. Additionally, shareholders are scheduled to ratify the remuneration payable to Cost Auditors for the financial year ending March 31, 2027.
Finolex Cables Limited is holding its 58th Annual General Meeting on 28th September 2026 via video conference to adopt audited financial statements for the year ended 31st March 2026, declare a recommended dividend of ₹9 per equity share (450% on face value of ₹2), and re-appoint Mr. Nikhil Naik as a Non-Executive Director. Special business includes ratifying ₹8,00,000 remuneration for cost auditors M/s. Joshi Apte & Associates for FY ending 31st March 2027, re-appointing Mrs. Vanessa Singh and Mr. Zubin Billimoria as Independent Directors for a second term, re-appointing Mr. Sriraman Raghuraman as Independent Director subject to continuation beyond age 75, and re-appointing Mr. Ratnakar Barve as Whole-time Director for five years from 30th September 2026.
Finolex Cables Limited has scheduled an in-person institutional investor and analyst meeting for September 9, 2026, at 09:00 IST. The event will take place as a plant visit at the company's Urse facility in Pune. Contact for the meeting is Paramgeet Singh.
For FY26, Finolex Cables' electrical cables segment revenue rose 22.0% to ₹5,490.2 crore, while communication cables revenue was broadly flat at ₹500.3 crore and copper rods revenue increased to ₹68.9 crore. The company's total gross revenue reached ₹6,559.0 crore, with total equity increasing to ₹5,098.6 crore and inventory days rising to 73. The risk management committee includes Mr. Zubin Billimoria and Mrs. Vanessa Singh Viswanathan as members.
Finolex Cables Ltd. communicated to shareholders on August 27, 2026, regarding Tax Deduction at Source (TDS) on a recommended dividend of Rs. 9.00 per equity share (450%) for FY ended March 31, 2026, subject to shareholder approval at the AGM on September 28, 2026. The dividend, payable on or before October 27, 2026, to shareholders on the record date of September 4, 2026, will be subject to TDS under the Income Tax Act, 2025, with rates varying by shareholder category (e.g., 0% for individuals with aggregate dividend up to Rs. 10,000, 10% for other residents, 20% for non-residents, and 20% if PAN is not submitted or not linked with Aadhaar). Shareholders must submit required documents (e.g., PAN, Form 121, DTAA declarations) to KFin Technologies by September 4, 2026, to ensure appropriate tax deduction.
Finolex Cables Limited reported Q1 FY2026-27 results for the quarter ended June 30, 2026, with standalone revenue from operations of Rs. 6,558.99 crore and consolidated revenue of Rs. 6,486.64 crore. Standalone profit after tax was Rs. 221.28 crore, up from Rs. 138.82 crore in the prior-year quarter, while consolidated profit after tax was Rs. 249.04 crore. The Board also approved the re-appointment of Independent Directors Vanessa Singh, Zubin Billimoria, and Sriraman Raghuraman, and Whole-time Director Ratnakar Barve for second five-year terms, and appointed Nirnoy Sur as Company Secretary and Compliance Officer, all effective August 11, 2026. Deloitte Haskins & Sells LLP issued a limited review report on the results with no material misstatements noted.
Recent market and company developments associated with Finolex Cables.
Finolex Cables shares rose nearly 16% last week. InCred Equities maintains an 'Add' rating with a target price of ₹1,435.
<img border="0" hspace="10" align="left" style="margin-top:3px;margin-right:5px;" src="https://timesofindia.indiatimes.com/photo/134046785.cms" />Stock market recommendations: Finolex Cables, Adani Ports, and Emmvee Photovoltaic Power are the top stocks to buy today on September 11, 2026, identified and recommended by Hitesh Rathi, Technical Analyst (Equity & Derivatives) at Angel One
Market expert Raja Venkatraman shares his top stock picks for 10 September. Here’s his technical outlook and trade strategy.
Out of the seven analysts who have coverage on Finolex Cables, six have a "buy" rating and one has a "sell" rating.
Stock market today: The Indian stock market is set to open lower amid mixed global signals, with the Nifty 50 closing below 23,700. Analysts indicate weak momentum, identifying support levels around 23,600 and resistance near 23,800. Meanwhile, oil prices rise due to tensions in the Gulf region.
UltraTech Cement share price today, UltraTech Cement shares, UltraTech Cement share price, UltraTech Cement news
UltraTechs entry into wires and cables triggered a sharp selloff in listed peers as investors assess the impact of intensified competition on market share, pricing and margins. While house wires and light-duty cables face the most immediate pressure, higher-voltage segments remain relatively insulated. Analysts remain positive on long-term industry growth, but caution that elevated valuations leave incumbents vulnerable.
Indian benchmark indices ended slightly higher on Friday, with the Sensex rising 363 points and Nifty closing below 23,898. Investors monitored global market cues, US economic data, and inflation reports, while stock-specific action drove intraday activity across major sectors in a sideways-moving market environment.
Comprehensive Section Breakdown for Finolex Cables
Strategic Vision: Manufactures electrical and telecommunication cables and electrical products.
• Capability to produce cables up to 500 kV.
• Development of safety-focused cable variants like FR, FRLS, and HFFR.
• Established distribution network reaching over 200,000 retailers.
• Partnership with J-Power Systems Corporation for EHV cable systems.
Finolex Cables’ consolidated profit before tax rose to ₹303.38 crore in the March 2026 quarter, up 16% from the prior year. However, segment profit—reflecting the core cable and electrical‑product businesses—fell 7.8% to ₹196.02 crore. The ₹107.36 crore gap between the two measures, up from ₹48.78 crore a year earlier, came entirely from earnings outside the reportable segments. Revenue grew 22.4% year‑on‑year, reaching ₹1,951.08 crore, but higher costs, particularly a sharp rise in other expenses, compressed operating margins.
Profit before tax at the consolidated level was ₹303.38 crore in the March 2026 quarter, compared with ₹196.02 crore from the operating segments combined. That ₹107.36 crore gap is not a routine occurrence: in the same quarter last year the gap was ₹48.78 crore, and in the September 2025 quarter it was ₹38.11 crore. In the first quarter (April–June 2025) and third quarter (October–December 2025) of the current fiscal year, consolidated and segment profit were identical.
Year‑on‑year, segment profit before tax declined 7.8%, from ₹212.68 crore to ₹196.02 crore, while consolidated profit before tax rose 16.0%, from ₹261.46 crore. This means that without the non‑segment earnings, reported profit would have fallen.
Revenue from operations reached ₹1,951.08 crore, a 22.4% increase from ₹1,594.58 crore in the prior‑year quarter, and up 22.0% sequentially from ₹1,598.62 crore in the December 2025 quarter. This marks the highest quarterly revenue of the fiscal year, compared with a range of ₹1,375–1,595 crore in earlier quarters.
Despite the revenue increase, the segment profit margin (segment profit before tax as a percentage of revenue) narrowed from 13.3% to 10.0%. The consolidated profit margin also declined, from 16.4% to 15.6%, cushioned by the non‑segment earnings. Total segment costs, calculated as revenue less segment profit, increased 27% to ₹1,755.06 crore, outpacing the 22.4% revenue growth and driving the margin compression.
The quarter’s consolidated profit growth was entirely driven by earnings outside the core cable and electrical‑product segments. Segment profit fell compared to last year, despite a 22% increase in revenue, as rising costs compressed margins. The non‑segment income—which more than doubled from the prior year—converted what would have been a profit decline into an increase at the consolidated level, highlighting the importance of distinguishing between headline earnings and the underlying performance of the operating businesses.
Category: Manufacturing
Manufactures a wide array of industrial, power, and communication cables including PVC insulated, FinoGreen, high voltage, telephone, auto, LAN, and fibre optic cables.
Category: Manufacturing
Diversified into various electrical product categories such as lighting, water heaters, fans, switches, switchgear, home appliances, conduits, fittings, and smart door locks.
Core Thesis: The company leverages its manufacturing expertise in cables to offer a diversified portfolio of electrical products, supported by innovation and a strong distribution network.
• Product Innovation: Introduced innovations like the standard multi-strand wire and developed safety-focused cables such as FR, FRLS, and HFFR wires. • Manufacturing Excellence: Operates five manufacturing plants equipped with modern machinery and testing facilities, holding IS/ISO 9001 and IS/ISO 14000 certifications. • Extensive Distribution Network: Maintains a significant market presence through a network of 600 distributors, 5000 channel partners, and over 200,000 retailers, integrated by an SAP system. • Strategic Partnerships: Collaborates with companies like J-Power Systems Corporation to provide turnkey solutions in Extra High Voltage (EHV) cable systems.