# Finolex Cables (FINCABLES) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/fincables

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹1,098
- Change: -6.50%
- As of: 2026-11-06
- 1D return: -6.50%
- 5D return: -3.68%
- 1M return: -21.69%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

FINCABLES closed at ₹1,098.0 on 2026-11-06, following a sharp -6.5% downward gap that broke recent consolidation patterns. The daily technical structure is firmly bearish: price trades below the 20-period EMA, 50-period EMA, 20-period SMA, and Supertrend, with an ADX of 38.51 indicating strong trend conviction. This contrasts with the monthly horizon, where price remains above all major moving averages and the Supertrend, suggesting the longer-term uptrend is intact but currently under pressure.

The stock is positioned near the lower end of its 20-day (+10.6%) and 50-day (+10.2%) ranges, having pulled back from highs. Immediate downside risk is monitored at ₹994.21 (-9.45%), while resistance sits tightly at ₹1,103.47 (+0.50%). With annualized volatility at +42.4% and a current drawdown of -26.0%, the setup requires confirmation of stabilization to validate any reversal attempt.

- Trend Divergence: Daily trend is established bearish (ADX 38.51) with price below key short-term averages; Monthly trend remains bullish with price above all supplied moving averages.
- Price Action: Closed at ₹1,098.0 after a -6.5% downward gap on 2026-11-06; range position is near the lower end of both 20-day (+10.6%) and 50-day (+10.2%) windows.
- Key Levels: Immediate resistance at ₹1,103.47 (+0.50%); first support level at ₹994.21 (-9.45%).
- Risk Profile: Current drawdown stands at -26.0% against a maximum historical drawdown of -39.6%; annualized volatility is high at +42.4%.

- Bullish Engulfing Reversal
- Outside Bar
- Inside Bar
- Doji

### News Context

Finolex Cables (NSE: FINCABLES) reported a compliance breach involving Mr. Ramesh Mohan Lalwani, an Advisor to the Company, who executed contra trades in violation of the company’s Code of Conduct and SEBI (Prohibition of Insider Trading) Regulations, 2015. The company issued a warning letter on 28 October 2026, and Mr. Lalwani remitted Rs. 423.75, representing calculated profits from these trades, to SEBI for credit to the Investor Protection and Education Fund.

On the operational front, the Board is scheduled to meet on 07-Nov-2026 to consider and approve the Unaudited Financial Results for the quarter ended September 2026. Additionally, the company has informed the Exchange about the schedule for upcoming Analyst/Institutional Investors Meetings.

Market data as of 06-Nov-2026 shows the stock trading at ₹1,098.0, down 6.5% over the past week and 25.5% over the last month. The daily technical trend is bearish with a Supertrend direction indicating downside pressure, while the monthly trend remains bullish. The stock carries an annualized volatility of 42.4% and is currently in a drawdown of 26.0% from its peak.

- Compliance Breach: Advisor Mr. Ramesh Mohan Lalwani violated insider trading regulations via contra trades; he was warned on 28-Oct-2026 and remitted Rs. 423.75 in profits to SEBI's Investor Protection Fund.
- Upcoming Catalysts: Board meeting on 07-Nov-2026 to approve Q2 FY2027 (Quarter ended Sep 2026) unaudited financial results; Analyst/Investor Meet scheduled.
- Price Action: Stock closed at ₹1,098.0 on 06-Nov-2026, reflecting a -6.5% weekly return and -25.5% monthly return, with a market cap of approximately ₹17,960 crore.
- Technical Outlook: Daily trend is bearish (Supertrend: bearish, ADX 14: 38.51), while monthly trend remains bullish; current drawdown stands at -26.0%.

- FINOLEX CABLES LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- FINOLEX CABLES LIMITED has informed the Exchange about Board Meeting to be held on 07-Nov-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Quarterly ended September 2026 . |SUBJECT: Board Meeting Intimation
- Financial Results |Meeting Date: 07-Nov-2026
- Finolex Cables Limited has informed the Exchange regarding ''. |SUBJECT: Updates
- AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 35.86 | PUBLIC_VAL: 64.14 | EMPTR: 0 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 16-Oct-2026 | REVISION_DT: -

### What Changed

On 6 November 2026, Finolex Cables Limited (NSE: FINCABLES) disclosed the schedule for an upcoming Analyst/Institutional Investors Meet. This corporate action marks a shift in investor engagement strategy, providing a structured forum for management to communicate with the financial community. Concurrently, the stock’s market valuation has adjusted; as of the observation date, the share price stood at ₹1,098.00, down from the previous recorded level of ₹1,174.30. The convergence of a scheduled institutional dialogue and a notable decline in equity value suggests that the upcoming meet may be a focal point for addressing market sentiment or clarifying operational outlooks following the recent price correction.

- Corporate Action: Finolex Cables filed an NSE announcement on 6 November 2026 confirming the schedule for an Analyst/Institutional Investors Meet.
- Price Movement: The stock price is reported at ₹1,098.00 as of 6 November 2026, reflecting a decrease from the prior snapshot of ₹1,174.30.
- Engagement Catalyst: The scheduled meet provides a near-term event for retail investors to monitor management commentary on performance or strategy.

- [FINOLEX CABLES LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1237_WebXMLFile_20261106_103651925.xml)

### Official Filings

Finolex Cables Limited has reported a significant governance breach involving Mr. Ramesh Mohan Lalwani, an Advisor to the Company. On October 28, 2026, the company issued him a warning letter for contra trades in FINCABLES shares that violated the Company’s Code of Conduct and SEBI (Prohibition of Insider Trading) Regulations, 2015. Mr. Lalwani remitted ₹423.75, representing the calculated profit from these trades, to SEBI for credit to the Investor Protection and Education Fund. This disclosure highlights internal compliance failures regarding insider trading protocols.

Concurrently, the company is preparing for its quarterly earnings release. A Board Meeting is scheduled for November 7, 2026, to consider and approve the Unaudited Financial Results for the quarter ended September 2026. An Analyst/Institutional Investors Meet has been scheduled following this result announcement. In terms of leadership, the 58th Annual General Meeting held on September 28, 2026, resulted in the re-appointment of key directors, including Ratnakar Prakash Barve as Executive Director and Whole-Time Director, and independent directors Vanessa Singh, Zubin Billimoria, and R. Sriraman for five-year terms. Shareholding data as of September 30, 2026, shows public holding at 64.14%.

- Governance Breach: Advisor Ramesh Mohan Lalwani was warned for PIT regulation violations via contra trades; he remitted ₹423.75 profit to SEBI's Investor Protection Fund on October 28, 2026.
- Financial Results: Board meeting on November 7, 2026, will approve Unaudited Financial Results for Q2 FY2026-27 (quarter ended September 2026).
- Investor Engagement: An Analyst/Institutional Investors Meet is scheduled to follow the Q2 results announcement.
- Leadership Stability: AGM on September 28, 2026, approved re-appointments of WTD Ratnakar Barve and three independent directors for five-year terms.

- [FINOLEX CABLES LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1237_WebXMLFile_20261106_103651925.xml)
- [FINOLEX CABLES LIMITED has informed the Exchange about Board Meeting to be held on 07-Nov-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Quarterly ended September 2026 . |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_1237_WebXMLFile_20261102_150534262.xml)
- [Financial Results |Meeting Date: 07-Nov-2026](https://nsearchives.nseindia.com/corporate/CSChandan_02112026152506_BMIntimation_07112026_signed.pdf)
- [Finolex Cables Limited has informed the Exchange regarding ''. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/CSChandan_31102026103944_Stock_Exchange_Intimation_PIT_Violation_Lalwani_31_Oct_26_signed.pdf)
- [AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 35.86 | PUBLIC_VAL: 64.14 | EMPTR: 0 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 16-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1739615_16102026124011_WEB.xml)
- [Finolex Cables Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/CSChandan_06102026120341_Compliance_Certificate_under_Regulations_74_5__2026-27_Q2_signed.pdf)
- [FINOLEX CABLES LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_1237_WebXMLFile_20261001_111026336.xml)
- [Finolex Cables Limited has informed the Exchange regarding Change in Director(s) of the company. |SUBJECT: Change in Director(s)](https://nsearchives.nseindia.com/corporate/CSChandan_01102026111524_GM_outcome__Reg_30_Intimation_signed.pdf)
- [Finolex Cables Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 28, 2026. Further, the company has informed the Exchange regarding voting results. |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/CSChandan_29092026155218_Voting_Results_Signed.pdf)
- [Finolex Cables Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 28, 2026 |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/CSChandan_28092026164231_Summary_of_Proceedings_signed.pdf)

### Fundamentals

Finolex Cables reported a robust sequential recovery in Q4 FY2025-26, with Revenue from Operations rising 22% to ₹1,951.08 crore and Profit Before Tax nearly doubling to ₹303.38 crore compared to Q3. This follows a strong full-year trajectory where Sales grew 19% to ₹6,321.00 crore and Net Profit increased to ₹714.00 crore for Mar 2026. The TTM EPS of ₹52.31 reflects this earnings momentum.

However, earnings quality faces headwinds as cash conversion deteriorates significantly. Cash from Operating Activity fell sharply to ₹49.00 crore in Mar 2026 from ₹207.00 crore the prior year, and the CFO/EBITDA share dropped to 32%. This is driven by a lengthening Cash Conversion Cycle, which rose to 78 days (from 45 days in Mar 2024), primarily due to Inventory Days increasing to 73 days and Debtor Days rising to 21 days. While Fixed Assets expanded to ₹848.00 crore, CWIP contracted to ₹107.00 crore, suggesting recent capital expenditure has moved into production. Promoter holding remains stable at 35.86%, while FIIs reduced their stake to 9.63% in Sep 2026. Investors should monitor whether the company can stabilize working capital cycles and improve cash generation relative to its growing profit base.

- Q4 FY2025-26 Revenue surged 22% sequentially to ₹1,951.08 crore, with PBT jumping to ₹303.38 crore.
- TTM EPS reached ₹52.31, supported by full-year sales growth of 19% to ₹6,321.00 crore in Mar 2026.
- Cash from Operations declined to ₹49.00 crore in Mar 2026, with the Cash Conversion Cycle worsening to 78 days.
- Inventory Days rose to 73 days and Debtor Days to 21 days, pressuring liquidity despite higher profits.

### Bear Case

Technical indicators for Finolex Cables on 2026-11-06 highlight significant near-term downside pressure. The daily trend is bearish, with the Supertrend direction signaling weakness and negative slopes across both the 20-day EMA (-45.38) and SMA (-77.2). The stock closed at ₹1,098.00, down from a previous close of ₹1,174.30, reflecting a sharp intraday decline from an open of ₹1,155.00 to a low of ₹1,076.00. Momentum is heavily skewed to the downside, evidenced by a Minus DI of 34.3 against a Plus DI of 13.92, and a strong ADX of 38.51 confirming the intensity of the downtrend. While the monthly trend remains bullish, the immediate price action shows a current drawdown of -26.0% from recent peaks, with high volatility (annualized +42.4%) suggesting elevated risk for investors holding positions in the short term.

- Daily technicals are bearish: Supertrend is down, EMA/SMA slopes are negative, and ADX (38.51) confirms strong downward momentum.
- Price action on 2026-11-06 showed weakness: Close at ₹1,098.00 was below the open of ₹1,155.00 and significantly lower than the previous close of ₹1,174.30.
- Momentum indicators favor sellers: Minus DI (34.3) is more than double the Plus DI (13.92), indicating dominant selling pressure.
- Volatility and drawdown risks are elevated: Current drawdown stands at -26.0% with annualized volatility at +42.4%, while support levels lie significantly lower at ₹994.21 (-9.45%).
- Short-term returns are negative: The stock has declined -6.5% over the last day and -25.5% over the past month, contrasting with longer-term gains.

- [FINOLEX CABLES LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1237_WebXMLFile_20261106_103651925.xml)
- [FINOLEX CABLES LIMITED has informed the Exchange about Board Meeting to be held on 07-Nov-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Quarterly ended September 2026 . |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_1237_WebXMLFile_20261102_150534262.xml)
- [Financial Results |Meeting Date: 07-Nov-2026](https://nsearchives.nseindia.com/corporate/CSChandan_02112026152506_BMIntimation_07112026_signed.pdf)
- [Finolex Cables Limited has informed the Exchange regarding ''. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/CSChandan_31102026103944_Stock_Exchange_Intimation_PIT_Violation_Lalwani_31_Oct_26_signed.pdf)
- [AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 35.86 | PUBLIC_VAL: 64.14 | EMPTR: 0 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 16-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1739615_16102026124011_WEB.xml)
- [Finolex Cables Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/CSChandan_06102026120341_Compliance_Certificate_under_Regulations_74_5__2026-27_Q2_signed.pdf)
- [FINOLEX CABLES LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_1237_WebXMLFile_20261001_111026336.xml)
- [Finolex Cables Limited has informed the Exchange regarding Change in Director(s) of the company. |SUBJECT: Change in Director(s)](https://nsearchives.nseindia.com/corporate/CSChandan_01102026111524_GM_outcome__Reg_30_Intimation_signed.pdf)
- [Finolex Cables Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 28, 2026. Further, the company has informed the Exchange regarding voting results. |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/CSChandan_29092026155218_Voting_Results_Signed.pdf)
- [Finolex Cables Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 28, 2026 |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/CSChandan_28092026164231_Summary_of_Proceedings_signed.pdf)

### FAQs

**What corporate governance issue was reported for Finolex Cables in late October 2026?**

On 31 October 2026, the company disclosed that Mr. Ramesh Mohan Lalwani, an Advisor, violated the Code of Conduct and SEBI (Prohibition of Insider Trading) Regulations by executing contra trades. He received a warning letter on 28 October 2026 and remitted Rs. 423.75, representing calculated profits from these trades, to SEBI’s Investor Protection and Education Fund.

**When are the quarterly financial results expected to be announced?**

The Board of Directors is scheduled to meet on 07 November 2026 to consider and approve the Unaudited Financial Results for the quarter ended September 2026. An Analyst/Institutional Investors Meet has also been scheduled following this announcement.

**How is the stock performing technically as of 06 November 2026?**

As of 06 November 2026, the daily trend is bearish with the stock closing at ₹1,098.00, down -6.5% over the past week. The monthly trend remains bullish. Key resistance levels are identified at ₹1,103.47 and ₹1,134.43, while support exists at ₹994.21 and ₹964.75. The stock is currently trading 26.0% below its recent peak.

**What is the current shareholding pattern structure?**

As of 30 September 2026, Public Holding stands at 64.14%, while Promoters and Promoter Group hold 35.86%. Employee holding is recorded at 0%.

- [FINOLEX CABLES LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1237_WebXMLFile_20261106_103651925.xml)
- [FINOLEX CABLES LIMITED has informed the Exchange about Board Meeting to be held on 07-Nov-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Quarterly ended September 2026 . |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_1237_WebXMLFile_20261102_150534262.xml)
- [Financial Results |Meeting Date: 07-Nov-2026](https://nsearchives.nseindia.com/corporate/CSChandan_02112026152506_BMIntimation_07112026_signed.pdf)
- [Finolex Cables Limited has informed the Exchange regarding ''. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/CSChandan_31102026103944_Stock_Exchange_Intimation_PIT_Violation_Lalwani_31_Oct_26_signed.pdf)
- [AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 35.86 | PUBLIC_VAL: 64.14 | EMPTR: 0 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 16-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1739615_16102026124011_WEB.xml)
- [Finolex Cables Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/CSChandan_06102026120341_Compliance_Certificate_under_Regulations_74_5__2026-27_Q2_signed.pdf)
- [FINOLEX CABLES LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_1237_WebXMLFile_20261001_111026336.xml)
- [Finolex Cables Limited has informed the Exchange regarding Change in Director(s) of the company. |SUBJECT: Change in Director(s)](https://nsearchives.nseindia.com/corporate/CSChandan_01102026111524_GM_outcome__Reg_30_Intimation_signed.pdf)
- [Finolex Cables Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 28, 2026. Further, the company has informed the Exchange regarding voting results. |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/CSChandan_29092026155218_Voting_Results_Signed.pdf)
- [Finolex Cables Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 28, 2026 |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/CSChandan_28092026164231_Summary_of_Proceedings_signed.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Moderate Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹1,185.33
- Risk regime: Price Risk Requires Attention

### Support levels
- 994.2125
- 964.746875
- 864.81875

### Resistance levels
- 1182.65
- 1203.9
- 1307.05

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -6.50% |
| return_10 | +0.71% |
| return_1m | -25.51% |
| return_1y | +42.61% |
| return_20 | -21.69% |
| return_3m | +6.11% |
| return_5 | -3.68% |
| return_6m | +5.03% |
| return_since_start | -6.00% |
| return_ytd | +39.63% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -39.61% |
| annualized_volatility | +42.41% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Finolex Cables Limited Q2 FY2026-27: Revenue up 65% year on year

Finolex Cables reported Q2 FY2026-27 revenue from operations of ₹2,269 crore, up 12.7% sequentially and 64.9% year on year. Profit before exceptional items and tax rose faster than revenue on both comparisons, while profit for the period increased 67.8% year on year to ₹273 crore. Inventory and receivables were substantially higher at 30 September 2026 than at the March year-end.

## Revenue and segment activity

Revenue from operations increased from ₹2,013 crore in Q1 FY2026-27 and ₹1,376 crore in Q2 FY2025-26 to ₹2,269 crore. The sequential rise continued a trend from ₹1,599 crore in Q3 FY2025-26 and ₹1,951 crore in Q4 FY2025-26. Segment revenue from operations was also ₹2,269 crore. Inter-segment revenue was ₹57 crore, compared with nil in Q1 FY2026-27 and ₹556 crore in Q4 FY2025-26.

## Expenses and profitability

Total expenses rose 10.6% sequentially to ₹1,981 crore from ₹1,791 crore in Q1 FY2026-27. Materials consumed were ₹1,835 crore, partly offset by a ₹40 crore credit in the inventory-change line. Employee benefit expense was ₹56.8 crore, depreciation ₹22.6 crore and other expenses ₹83.2 crore, down 9.1% sequentially.

Profit before exceptional items and tax increased 17.4% sequentially to ₹321 crore and was 91.2% higher than in Q2 FY2025-26. Exceptional items were ₹35.3 crore, compared with ₹40.8 crore in Q1 FY2026-27; profit before tax rose 13.4% sequentially to ₹357 crore. Finance costs were ₹61 lakh, versus ₹45 lakh in the preceding quarter.

Tax expense increased 28.0% sequentially to ₹83.7 crore, comprising current tax of ₹74.0 crore and deferred tax of ₹9.8 crore. Profit for the period was ₹272.9 crore, up 9.6% from Q1 FY2026-27 and 67.8% from Q2 FY2025-26. Comprehensive income was ₹269.1 crore, including other comprehensive income of negative ₹3.9 crore.

## Cash flow and liquidity

Operating cash flow was ₹26.0 crore, investing cash flow ₹40.0 crore and financing cash flow ₹4.0 crore for the quarter. Cash and cash equivalents stood at ₹93.2 crore at 30 September 2026, down from ₹163.1 crore at 31 March 2026. Current investments were ₹1,814.7 crore, compared with ₹1,875.3 crore at the March year-end.

## Working capital and balance sheet

Inventory rose to ₹1,483 crore at 30 September 2026 from ₹1,023 crore at 31 March 2026 and ₹794 crore at 30 September 2025. Current trade receivables increased to ₹451 crore from ₹370 crore at March year-end and ₹229 crore a year earlier. Trade payables were ₹247 crore, versus ₹222 crore at 31 March 2026 and ₹268 crore at 30 September 2025.

Current assets totalled ₹4,276 crore and current liabilities ₹611 crore at quarter-end. Property, plant and equipment increased to ₹888 crore from ₹831 crore at 31 March 2026, while capital work in progress declined to ₹89 crore from ₹105 crore.

## Per-share results

Basic and diluted EPS were both ₹17.85, up from ₹16.28 in Q1 FY2026-27 and ₹10.63 in Q2 FY2025-26. Trailing twelve-month EPS was ₹59.53 at 30 September 2026.

## Key Takeaway

Finolex Cables delivered strong year-on-year growth in revenue and earnings, with profit before exceptional items and tax also outpacing sales growth sequentially. The pronounced increases in inventory and receivables since March, alongside lower cash and current investments, make the quarter-end working-capital position an important counterpoint to the earnings momentum.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +35.86%
- FII holding: +9.65%
- DII holding: +16.71%
- Mutual fund holding: +11.10%
- Retail holding: +13.33%
- Promoter pledged: +0.00%

### Major reported shareholders

- ORBIT ELECTRICALS PRIVATE LIMITED — +30.70% (Bodies Corporate)
- 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 VAL — +2.56%
- TATA AIA LIFE INSURANCE CO LTD-WHOLE LIFE MID CAP — +2.44%
- FRANKLIN INDIA OPPORTUNITES FUND — +2.37%
- GOPICHAND PARMANAND HINDUJA — +1.88%
- LGOF GLOBAL OPPORTUNITIES LIMITED — +1.88%
- ARUNA KATARA — +1.84%

## Official filings

- 2026-11-07 — Generic Announcement: Finolex Cables Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/FINCABLES_07112026134619_BMQuickResultsFSigned.pdf)
- 2026-11-07 — Generic Announcement: Finolex Cables Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/FINCABLES_07112026153637_CodeofConductInsiderTradingNov2026FSigned.pdf)
- 2026-11-07 — Financial Results Filing: Finolex Cables Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1755504_07112026082832_WEB.xml)
- 2026-11-07 — Financial Results Filing: Finolex Cables Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1755505_07112026082928_WEB.xml)
- 2026-11-07 — Financial Results Filing: Finolex Cables Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1755507_07112026083600_WEB.xml)
- 2026-11-07 — Financial Results Filing: Finolex Cables Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1755508_07112026083727_WEB.xml)
- 2026-11-06 — Generic Announcement: Finolex Cables Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1237_WebXMLFile_20261106_103651925.xml)
- 2026-11-02 — Generic Announcement: Finolex Cables Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_1237_WebXMLFile_20261102_150534262.xml)
- 2026-11-02 — Board Meeting Notice: Finolex Cables Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CSChandan_02112026152506_BMIntimation_07112026_signed.pdf)
- 2026-10-31 — Generic Announcement: Finolex Cables Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CSChandan_31102026103944_Stock_Exchange_Intimation_PIT_Violation_Lalwani_31_Oct_26_signed.pdf)
- 2026-10-16 — Shareholding Disclosure: Finolex Cables Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1739615_16102026124011_WEB.xml)
- 2026-10-06 — Generic Announcement: Finolex Cables Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CSChandan_06102026120341_Compliance_Certificate_under_Regulations_74_5__2026-27_Q2_signed.pdf)
- 2026-10-01 — Generic Announcement: Finolex Cables Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_1237_WebXMLFile_20261001_111026336.xml)
- 2026-10-01 — Generic Announcement: Finolex Cables Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CSChandan_01102026111524_GM_outcome__Reg_30_Intimation_signed.pdf)
- 2026-09-29 — Generic Announcement: Finolex Cables Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CSChandan_29092026155218_Voting_Results_Signed.pdf)
- 2026-09-28 — Generic Announcement: Finolex Cables Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CSChandan_28092026164231_Summary_of_Proceedings_signed.pdf)
- 2026-09-28 — Generic Announcement: Finolex Cables Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CSChandan_28092026165033_Chairmans_Speech_25-26_final_signed.pdf)
- 2026-09-24 — Generic Announcement: Finolex Cables Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_1237_WebXMLFile_20260924_155017390.xml)
- 2026-09-24 — Generic Announcement: Finolex Cables Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CSChandan_24092026155643_Trading_Window_Closure_Sep_2026_signed.pdf)
- 2026-09-05 — Generic Announcement: Finolex Cables Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_1237_WebXMLFile_20260905_170532431.xml)
- 2026-09-05 — Generic Announcement: Finolex Cables Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CSChandan_05092026170404_Intimation_of_AGM_Notice_Signed.pdf)
- 2026-09-04 — Generic Announcement: Finolex Cables Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1237_WebXMLFile_20260904_165324397.xml)
- 2026-09-04 — Generic Announcement: Finolex Cables Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CSChandan_04092026172150_Intimation_Signed.pdf)
- 2026-09-04 — Annual Report: Finolex Cables Limited — [Official attachment](https://nsearchives.nseindia.com/annual_reports/AR_31561_FINCABLES_2025_2026_A_3990164_05092026172622.pdf)
- 2026-09-04 — Annual Report: Finolex Cables Limited — [Official attachment](https://nsearchives.nseindia.com/annual_reports/AR_31566_FINCABLES_2025_2026_U_3990164_05092026173429.pdf)

## News and market events

- 2026-11-07 — FREEPRESSJOURNAL.IN: **Finolex Cables Powers Ahead With Blockbuster Q2 FY27 Earnings, Net Profit Skyrockets 68% To ₹272.92 Crore As Revenue Surges 65% On Strong Cable Sales** — Finolex Cables reported a 67.8% year-on-year surge in consolidated net profit to ₹272.92 crore and a 65% increase in revenue to ₹2,269.33 crore for Q2 FY27, driven primarily by strong performance in its electrical cables segment which accounted for approximately 86% of operations revenue. The company's basic earnings per share rose to ₹17.85 from ₹10.63 in the corresponding period last year, reflecting improved profitability amid higher operating revenues. Investors are expected to monitor future demand for electrical and communication cables, raw material costs, and the company's ability to s — [Source](https://www.freepressjournal.in/business/finolex-cables-powers-ahead-with-blockbuster-q2-fy27-earnings-net-profit-skyrockets-68-to-27292-crore-as-revenue-surges-65-on-strong-cable-sales)
- 2026-09-28 — Economic Times: **Can Orient Cables IPO deliver long-term growth for high-risk investors?** — Orient Cables is aiming to raise ₹320 crore through a fresh equity issue and ₹232 crore via an offer for sale. The company has seen growth in revenue and profit but faces challenges with operating margins and customer concentration. Its promoter stake will decrease to 82.2% post-IPO from 100%. The company is also involved in a dispute concerning the usage of the 'ORIENT' brand name. — [Source](https://economictimes.indiatimes.com/markets/ipos/fpos/can-orient-cables-ipo-deliver-long-term-growth-for-high-risk-investors/articleshow/134529264.cms)
- 2026-09-22 — Mint: **Top breakout stocks to buy tomorrow: Swiggy, Welspun, Finolex, Vishal Mega Mart, Carborundum by Sumeet Bagadia | Targets** — Sumeet Bagadia of Choice Broking identifies five key stocks for investors in a volatile market, emphasizing technical breakouts and supportive momentum. Stocks like Swiggy and Finolex Cables show strong bullish structures, indicating favorable setups for potential gains. — [Source](https://www.livemint.com/market/stock-market-news/top-breakout-stocks-to-buy-tomorrow-swiggy-welspun-finolex-vishal-mega-mart-carborundum-by-sumeet-bagadia-targets-11790089705944.html)
- 2026-09-14 — Mint: **Finolex Cables share price target 2026: Buy - 'Unlocking growth' | Check rationale behind rating** — Finolex Cables shares rose nearly 16% last week. InCred Equities maintains an 'Add' rating with a target price of  ₹1,435.  — [Source](https://www.livemint.com/market/finolex-cables-share-price-target-2026-buy-unlocking-growth-check-rationale-behind-rating-11789382900920.html)
- 2026-09-11 — Times of India: **Top stocks to buy today: Stock market recommendations for September 11, 2026 - check list** — 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 — [Source](https://timesofindia.indiatimes.com/business/india-business/top-stock-recommendations-for-september-11-2026-finolex-cables-adani-ports-emmvee-photovoltaic-power-stocks-to-buy-today/articleshow/134046785.cms)
- 2026-09-10 — Mint: **Raja Venkatraman recommends three stocks for 10 September** — Market expert Raja Venkatraman shares his top stock picks for 10 September. Here’s his technical outlook and trade strategy. — [Source](https://www.livemint.com/market/stock-market-news/raja-venkatraman-recommends-three-stocks-for-10-september-11788970744147.html)
- 2026-09-09 — CNBC-TV18: **Finolex Cables shares hit 52-week high, Jefferies sees further upside on growth prospects** — Out of the seven analysts who have coverage on Finolex Cables, six have a "buy" rating and one has a "sell" rating. — [Source](https://www.cnbctv18.com/market/finolex-cables-share-price-52-week-high-jefferies-sees-more-upside-wires-cables-valuations-vs-peers-target-19987347.htm)
- 2026-09-09 — Mint: **Stock market today: Trade guide for Sensex, Nifty 50, crude oil to gold | Seven stocks to buy** — 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. — [Source](https://www.livemint.com/market/stock-market-news/stock-market-today-trade-guide-for-sensex-nifty-50-crude-oil-to-gold-seven-stocks-to-buy-11788914980613.html)
- 2026-09-07 — BUSINESSTODAY: **UltraTech Cement’s cables & wires entry: Will peer stocks face near-term pressure?** — UltraTech Cement share price today, UltraTech Cement shares, UltraTech Cement share price, UltraTech Cement news — [Source](https://www.businesstoday.in/markets/stocks/story/ultratech-cements-cables-wires-entry-will-peer-stocks-face-near-term-pressure-553611-2026-09-07)
- 2026-09-07 — Economic Times: **Wires on fire: Why UltraTech’s Rs 1,800 crore Ultravolt bet wiped out Rs 21,500 crore in 2 days** — 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. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/wires-on-fire-why-ultratechs-rs-1800-crore-ultravolt-bet-wiped-out-rs-21500-crore-in-2-days/articleshow/133865793.cms)
- 2026-09-06 — Economic Times: **Ahead of Market: 10 things that will decide stock market action on Monday** — 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. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/ahead-of-market-10-things-that-will-decide-stock-market-action-on-monday/articleshow/133834844.cms)
- 2026-08-19 — CNBC-TV18: **RailTel, Chennai Petroleum and other stocks, these are the top movers on Nifty 500 at market open today** — Some Nifty 500 stocks rallied on fresh work orders, rising crude prices and a new government incentive scheme, while others slid at market open. Here's a look at today's top gainers and losers — [Source](https://www.cnbctv18.com/photos/market/nifty-500-top-gainers-losers-market-open-railtel-chennai-petroleum-mahanagar-gas-sammaan-capital-share-price-19972363.htm)
- 2026-08-14 — Mint: **Pulse of the Street: Tata jitters, metal rout weigh on Indian equities** — Indian equities fell 0.8% this week as Tata succession uncertainty and a sell-off in metals outweighed gains in telecom and realty stocks, leaving India behind a broader AI-led rally across Asia. — [Source](https://www.livemint.com/market/stock-market-news/pulse-of-the-street-tata-jitters-metal-rout-weigh-on-indian-equities-11786708624550.html)
- 2026-08-12 — The Hindu: **Sensex today | Stock Market Live: Sensex slips 325 points, Nifty below 24,400 amid weak global cues** — Sensex, Nifty, Share Prices Live: Indian equities traded lower on Wednesday as rising crude oil prices, weak global cues and geopolitical uncertainty weighed on sentiment. Investors remained cautious ahead of US inflation data, while developments around US-Iran negotiations and the Strait of Hormuz remained in focus. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-12-august-2026/article71332253.ece)
- 2026-08-12 — CNBC-TV18: **Nifty 500 top gainers and losers at market open: Finolex Cables jumps 13%, Godrej Consumer down 10%** — Some Nifty 500 stocks surged on strong Q1 earnings, while others slid on management changes and stake sales — here's a look at today's top gainers and losers at market open. — [Source](https://www.cnbctv18.com/photos/market/nifty-500-top-gainers-losers-market-open-finolex-cables-godrej-consumer-hindalco-nalco-share-price-19967262.htm)
- 2026-08-12 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Nifty at 24,450; Finolex Cables shares up nearly 12%** — Sensex Today | Stock Market LIVE Updates: The Nifty 50 index finds itself at a crucial juncture ahead of the mid-week trading session with 24,500 still being the decisive level to watch on either side. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-it-godrej-consumer-thyrocare-dr-agarwal-tenneco-blocks-hal-pi-ind-share-price-liveblog-19967084.htm)
- 2026-08-12 — CNBC-TV18: **Q1 Results Live Updates: Finolex Cables, TD Power shares extend gains; Apollo, Grasim report today** — Q1 Results LIVE Updates: Apollo Hospitals and Grasim are among the final Nifty 50 names that will be reporting their results today along with broader market names such as HAL, IRCTC, IRCON, Lenskart, Astral, Tata Motors CV, among others. Manappuram, PI Industries, Bata India, Senco Gold, and others will also be reacting to their results. Watch this space for all the LIVE Q1 result updates. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-today-hal-apollo-hosp-manappuram-irctc-ircon-lenskart-grasim-pi-ind-astral-share-price-liveblog-19967133.htm)
- 2026-08-11 — BUSINESS: **Sensex slips 388 pts, Nifty ends below 24,500 as crude boils** — Key benchmark indices ended lower on Tuesday as rising crude oil prices and renewed geopolitical uncertainty weighed on investor sentiment. Oil prices climbed near the $90-a-barrel mark as hopes of a US-Iran peace agreement faded, raising concerns over India's import bill, inflation and corporate margins. Weak global market cues added to the pressure. The Nifty closed below the 24,500 level, dragged by weakness in FMCG and metal stocks, while pharma and healthcare shares witnessed buying interest. — [Source](https://www.business-standard.com/markets/capital-market-news/sensex-slips-388-pts-nifty-ends-below-24-500-as-crude-boils-126081101347_1.html)
- 2026-08-11 — BUSINESS: **Nifty ends below 24,500 level amid weekly F&O expiry** — Market participants continued to assess a slew of Q1 FY27 earnings announcements, with sector- and stock-specific activity remaining in focus amid the ongoing earnings season. Investors also kept a close watch on the progress of the monsoon. The Nifty settled below the 24,500 level. — [Source](https://www.business-standard.com/markets/capital-market-news/nifty-ends-below-24-500-level-amid-weekly-f-o-expiry-126081101195_1.html)

## Business profile

**Strategic vision:** Manufactures electrical and telecommunication cables and electrical products.

### Business segments
- **Wires and Cables:** Manufactures a wide array of industrial, power, and communication cables including PVC insulated, FinoGreen, high voltage, telephone, auto, LAN, and fibre optic cables.
- **Electrical Products:** Diversified into various electrical product categories such as lighting, water heaters, fans, switches, switchgear, home appliances, conduits, fittings, and smart door locks.

### Competitive strengths
- 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.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/fincables
Markdown representation: https://faxioms.com/stocks/fincables?render=md