Finolex Cables Limited, based in Pune, Maharashtra, is a prominent Indian manufacturer known for its extensive range of electrical and telecommunication cables. Founded in 1958, it is the flagship company of the Finolex Group, a name synonymous with quality and reliability in the cable manufacturing industry.
Beyond cables, Finolex Cables Limited also diversifies its product portfolio by manufacturing polyvinyl chloride (PVC) sheets. These PVC sheets are widely used for various applications, including roofing, signage, and interior design, reflecting the company’s versatility and commitment to meeting diverse market needs.
The company operates several state-of-the-art manufacturing facilities located in Pimpri and Urse in Pune, as well as in Goa and Roorkee. These strategically placed facilities enable Finolex Cables Limited to maintain high standards of production efficiency and product quality, ensuring a robust supply chain that caters to both domestic and international markets.
- Earnings Per Share (EPS): The company’s EPS saw a significant rise, indicating better returns for shareholders.
- Operating Profit: Finolex Cables’ operating profit demonstrated robust growth, highlighting efficient cost management and operational strategies.
- Gross Margin Improvement: The firm achieved higher gross margins, reflecting improved profitability from its core business operations.
- New Highs: The record high share price of ₹1,308.25 underscores strong investor confidence and positive market sentiment.
- Segment Performance: Strong performance across various segments, including electrical and telecommunication cables, contributed to the overall growth.
- Market Leadership: The positive Q4 results reinforced Finolex Cables’ position as a market leader in the cable manufacturing industry.
- Expansion Plans: The company hinted at future expansion plans, aiming to capitalize on the growing demand for electrical and telecommunication cables.
- Innovation and Quality: Continued focus on innovation and quality products has bolstered Finolex Cables’ market reputation and customer trust.
- Sustainability Efforts: The company emphasized its commitment to sustainability, with initiatives aimed at reducing environmental impact and enhancing social responsibility.
- Industry Outlook: Favorable industry trends and increasing infrastructure development projects are expected to drive future growth for Finolex Cables.
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | |
| Promoters + | 35.92% | 35.92% | 35.92% | 35.92% | 35.92% |
| FIIs + | 10.78% | 11.25% | 11.77% | 11.06% | 11.58% |
| DIIs + | 17.03% | 15.56% | 15.58% | 15.93% | 15.87% |
| Public + | 36.28% | 37.27% | 36.73% | 37.09% | 36.65% |
| No. of Shareholders | 1,00,123 | 1,25,344 | 1,28,513 | 1,25,351 | 1,28,440 |
From March 2023 to March 2024, the shareholding pattern of the company exhibited notable trends. Promoter holdings remained stable at 35.92% throughout the period, indicating consistent control. Foreign Institutional Investors (FIIs) increased their stakes from 10.78% to 11.58%, peaking at 11.77% in September 2023. Domestic Institutional Investors (DIIs) showed slight fluctuations, decreasing from 17.03% to 15.87%. Public shareholding varied slightly, starting at 36.28% and ending at 36.65%. The number of shareholders grew significantly from 1,00,123 to 1,28,440, highlighting increased investor interest and participation over the year.
Below are the trading platforms that you can use to purchase Finolex Cables shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| June 2024 | 1,352.60 | 1,176.18 |
| July 2024 | 1,339.08 | 1,164.42 |
| August 2024 | 1,392.64 | 1,210.99 |
| September 2024 | 1,448.35 | 1,259.43 |
| October 2024 | 1,419.95 | 1,234.74 |
| November 2024 | 1,476.75 | 1,284.13 |
| December 2024 | 1,491.51 | 1,296.97 |
In 2024, Finolex Cables’ share prices are expected to rise steadily. In June, the maximum price is expected to reach ₹1,352.60 and the minimum is expected to be ₹1,176.18. July will see a slight dip to ₹1,339.08 and ₹1,164.42. By August, prices are expected to increase to ₹1,392.64 and ₹1,210.99.
In September, the maximum is expected to be ₹1,448.35 and the minimum ₹1,259.43. October’s prices are expected to adjust to ₹1,419.95 and ₹1,234.74. November will likely see further growth to ₹1,476.75 and ₹1,284.13. Finally, in December, prices are expected to peak at ₹1,491.51 and drop to ₹1,296.97.
| When | Maximum Price | Minimum Price |
| January 2025 | 1,506.43 | 1,158.79 |
| February 2025 | 1,521.64 | 1,170.50 |
| March 2025 | 1,553.60 | 1,195.08 |
| April 2025 | 1,538.22 | 1,183.24 |
| May 2025 | 1,493.41 | 1,148.78 |
| June 2025 | 1,560.62 | 1,200.48 |
| July 2025 | 1,530.02 | 1,176.94 |
| August 2025 | 1,577.34 | 1,213.34 |
| September 2025 | 1,596.27 | 1,227.90 |
| October 2025 | 1,637.77 | 1,259.82 |
| November 2025 | 1,678.71 | 1,291.32 |
| December 2025 | 1,754.26 | 1,349.43 |
As we step into 2025, Finolex Cables’ shares are expected to fluctuate with varying maximum and minimum prices each month. In January, prices are projected to range from a maximum of ₹1,506.43 to a minimum of ₹1,158.79. These fluctuations continue throughout the year, with anticipated highs and lows reflecting market dynamics. By December, prices are forecasted to reach a maximum of ₹1,754.26 and a minimum of ₹1,349.43, indicating potential shifts in investor sentiment and market conditions over the course of the year.
| When | Maximum Price | Minimum Price |
| January 2026 | 1,806.88 | 1,389.91 |
| February 2026 | 1,761.71 | 1,355.16 |
| March 2026 | 1,796.95 | 1,382.27 |
| April 2026 | 1,833.62 | 1,410.48 |
| May 2026 | 1,815.46 | 1,396.51 |
| June 2026 | 1,860.85 | 1,431.42 |
| July 2026 | 1,824.36 | 1,403.36 |
| August 2026 | 1,880.79 | 1,446.76 |
| September 2026 | 1,918.40 | 1,475.69 |
| October 2026 | 1,968.28 | 1,514.06 |
| November 2026 | 2,017.49 | 1,551.91 |
| December 2026 | 2,067.92 | 1,590.71 |
| When | Maximum Price | Minimum Price |
| January 2027 | 2,088.60 | 1,606.62 |
| February 2027 | 2,142.16 | 1,647.81 |
| March 2027 | 2,225.70 | 1,712.08 |
| April 2027 | 2,182.06 | 1,678.51 |
| May 2027 | 2,118.51 | 1,629.62 |
| June 2027 | 2,213.84 | 1,702.95 |
| July 2027 | 2,170.43 | 1,669.56 |
| August 2027 | 2,237.56 | 1,721.20 |
| September 2027 | 2,315.87 | 1,781.44 |
| October 2027 | 2,376.08 | 1,827.76 |
| November 2027 | 2,435.49 | 1,873.45 |
| December 2027 | 2,496.37 | 1,920.29 |
| When | Maximum Price | Minimum Price |
| January 2028 | 2,546.30 | 1,958.69 |
| February 2028 | 2,611.59 | 2,008.91 |
| March 2028 | 2,713.44 | 2,087.26 |
| April 2028 | 2,660.24 | 2,046.34 |
| May 2028 | 2,582.75 | 1,986.73 |
| June 2028 | 2,698.98 | 2,076.14 |
| July 2028 | 2,646.06 | 2,035.43 |
| August 2028 | 2,727.89 | 2,098.38 |
| September 2028 | 2,823.37 | 2,171.82 |
| October 2028 | 2,896.78 | 2,228.29 |
| November 2028 | 2,969.20 | 2,284.00 |
| December 2028 | 3,043.43 | 2,341.10 |
| When | Maximum Price | Minimum Price |
| January 2029 | 3,104.30 | 2,387.92 |
| February 2029 | 3,183.89 | 2,449.15 |
| March 2029 | 3,308.06 | 2,544.67 |
| April 2029 | 3,243.20 | 2,494.77 |
| May 2029 | 3,148.74 | 2,422.11 |
| June 2029 | 3,290.43 | 2,531.10 |
| July 2029 | 3,225.91 | 2,481.47 |
| August 2029 | 3,325.68 | 2,558.22 |
| September 2029 | 3,442.08 | 2,647.76 |
| October 2029 | 3,531.58 | 2,716.60 |
| November 2029 | 3,619.87 | 2,784.51 |
| December 2029 | 3,710.36 | 2,854.13 |
| When | Maximum Price | Minimum Price |
| January 2030 | 3,784.57 | 2,911.21 |
| February 2030 | 3,881.61 | 2,985.85 |
| March 2030 | 4,032.99 | 3,102.30 |
| April 2030 | 3,953.92 | 3,041.47 |
| May 2030 | 3,838.75 | 2,952.89 |
| June 2030 | 4,011.50 | 3,085.77 |
| July 2030 | 3,932.84 | 3,025.26 |
| August 2030 | 4,054.47 | 3,118.83 |
| September 2030 | 4,196.38 | 3,227.98 |
| October 2030 | 4,305.49 | 3,311.91 |
| November 2030 | 4,413.12 | 3,394.71 |
| December 2030 | 4,523.45 | 3,479.58 |
In January 2030, Finolex Cables’ shares are expected to see a maximum price of ₹3,784.57 and a minimum price of ₹2,911.21. As the year progresses, February is anticipated to witness a maximum price of ₹3,881.61 and a minimum price of ₹2,985.85. This trend continues, with prices fluctuating throughout the year. By December 2030, the maximum price is projected to reach ₹4,523.45, while the minimum price is forecasted to be ₹3,479.58.
Financial Condition of Finolex Cables: Last 5 Years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
| Sales + | 2,877 | 2,768 | 3,768 | 4,481 | 5,014 |
| Expenses + | 2,507 | 2,413 | 3,352 | 3,986 | 4,434 |
| Operating Profit | 370 | 355 | 416 | 496 | 581 |
| OPM % | 13% | 13% | 11% | 11% | 12% |
| Other Income + | 172 | 77 | 151 | 198 | 218 |
| Interest | 2 | 1 | 2 | 1 | 2 |
| Depreciation | 39 | 39 | 39 | 46 | 44 |
| Profit before tax | 501 | 392 | 527 | 646 | 753 |
| Tax % | 20% | 28% | 23% | 22% | 24% |
| Net Profit + | 402 | 283 | 405 | 502 | 572 |
| EPS in Rs | 26.32 | 18.5 | 26.46 | 32.81 | 37.37 |
| Dividend Payout % | 21% | 30% | 23% | 21% | 21% |
From March 2020 to March 2024, Finolex Cables demonstrated consistent growth in sales, increasing from ₹2,877 crores to ₹5,014 crores. Operating profit also saw a steady rise, climbing from ₹370 crores to ₹581 crores, with an operating profit margin hovering around 11% to 13%. Other income augmented the profitability, reaching ₹218 crores by March 2024. Despite a slight fluctuation in expenses and a marginal increase in interest and depreciation costs, the company maintained robust financial health. Profit before tax escalated from ₹501 crores to ₹753 crores during this period, reflecting the company’s improving operational efficiency. Net profit mirrored this upward trajectory, ascending from ₹402 crores to ₹572 crores. Earnings per share (EPS) witnessed a notable surge from ₹26.32 to ₹37.37, indicating enhanced profitability and value generation for shareholders. With a consistent dividend payout ratio ranging from 21% to 30%, Finolex Cables exemplifies a balance between rewarding shareholders and reinvesting in business growth.
Geojit BNP Paribas has expressed optimism regarding Finolex Cables, issuing a buy recommendation and setting a target price of Rs 1019.00.
FAQs
What is the current valuation of Finolex Cables in the stock market?
Finolex Cables’s current market capitalization is an impressive ₹20,364 Crores.
As of May 24, 2024, the share price of Finolex Cables stands at ₹1,332.
What’s the investment outlook for Finolex Cables in 2024?
The 2024 outlook for Finolex Cables suggests a price range fluctuating between ₹1,176.18 and ₹1,491.51.
In 2025, the share price of Finolex Cables is forecasted to vary from ₹1,148.78 (minimum) to ₹1,754.26 (maximum).
What’s the recent trend in Finolex Cables’s return on equity (ROE)?
Finolex Cables’s ROE remains a challenge, yet there’s a slight improvement, reaching 14.4 %.
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Conclusion:
Finolex Cables has reported Strong Q4 results, driving its share price to surge over 14% to a record high, demonstrating its resilience and market strength. The company’s earnings per share (EPS) and operating profit have seen significant growth, with EPS climbing from ₹26.32 to ₹37.37, indicating enhanced profitability and value generation for shareholders. Operating profit has risen steadily from ₹370 crores to ₹581 crores, reflecting efficient cost management and operational strategies. Moreover, Finolex Cables has maintained a consistent dividend payout ratio, ranging from 21% to 30%, balancing shareholder rewards with reinvestment in business growth. With a stable shareholding pattern and increasing investor participation, Finolex Cables exemplifies growing interest and trust among stakeholders. Additionally, Geojit BNP Paribas’ optimistic outlook, issuing a buy recommendation and setting a target price of Rs 1019.00, underscores the company’s promising trajectory in the stock market.
What did we learn?
- 1 Finolex Cables Shares Surge Over 14% to Record High on Strong Q4 Results; Company Announces Dividend
- 2 Shareholding Patterns
- 3 How to Purchase Finolex Cables’s Shares in India?
- 4 Finolex Cables Share Price Prediction: 2024, 2025 to 2030
- 4.1 Finolex Cables Share Price Target 2024
- 4.2 Finolex Cables Share Price Target 2025
- 4.3 Finolex Cables Share Price Prediction 2026
- 4.4 Finolex Cables Share Price Target 2027
- 4.5 Finolex Cables Share Price Target 2028
- 4.6 Finolex Cables Share Price Target 2029
- 4.7 Finolex Cables Share Price Prediction 2030
- 5 Financial Condition of Finolex Cables: Last 5 Years
- 6 Geojit BNP Paribas on Finolex Cables’s share price Target
- 7 FAQs
- 7.1 What is the current valuation of Finolex Cables in the stock market?
- 7.2 What’s the latest price tag on a share of Finolex Cables?
- 7.3 What’s the investment outlook for Finolex Cables in 2024?
- 7.4 What’s the anticipated share value of Finolex Cables in 2025?
- 7.5 What’s the recent trend in Finolex Cables’s return on equity (ROE)?
- 8 Conclusion:
