Want to see IN:FINCABLES full AI Analyst Report?
Top Page
Finolex Cables Limited
(FINCABLES)
Select Model
Select Model
Rating:72Outperform
Price Target:
₹1,210.00
▲(28.23% Upside)
Action:Upgraded
Date:08/18/26
The score is driven primarily by strong balance-sheet strength and steady revenue growth, tempered by a meaningful recent deterioration in cash generation (negative free cash flow). Technicals are supportive with a strong uptrend, but overbought signals add pullback risk, and valuation appears somewhat rich given the low dividend yield.
Positive Factors
Steady Revenue Growth
Consistent revenue expansion indicates sustained demand across Finolex Cables’ electrical and communication product portfolio. Continued growth can improve manufacturing scale, strengthen distributor relationships, and support reinvestment in capacity and complementary electrical products over the next several quarters.
Negative Factors
Negative Free Cash Flow
The recent reversal from strong earlier free-cash-flow conversion raises concerns about earnings quality and internal funding capacity. Higher working-capital needs or capital spending could persist, limiting cash available for expansion, shareholder returns, or resilience during weaker demand.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady Revenue Growth
Consistent revenue expansion indicates sustained demand across Finolex Cables’ electrical and communication product portfolio. Continued growth can improve manufacturing scale, strengthen distributor relationships, and support reinvestment in capacity and complementary electrical products over the next several quarters.
Read all positive factors
Finolex Cables Limited (FINCABLES) vs. iShares MSCI India ETF (INDA)
Market Cap
₹166.78B
Dividend Yield0.83%
Average Volume (3M)53.65K
Price to Earnings (P/E)20.8
Beta (1Y)1.22
Revenue Growth26.53%
EPS Growth29.17%
CountryIN
Employees1,610
SectorGeneral
Sector StrengthN/A
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)52.31
Shares Outstanding152,939,350
10 Day Avg. Volume42,007
30 Day Avg. Volume53,646
Financial Highlights & Ratios
PEG Ratio8.97
Price to Book (P/B)1.95
Price to Sales (P/S)1.88
P/FCF Ratio-121.62
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹1,410.00Price Target Upside49.43% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)54.94
Revenue Forecast (FY)₹79.76B
Finolex Cables Limited Business Overview & Revenue Model
Company Description
Founded in Pune, India, in 1958, Finolex Cables Limited specializes in the production and distribution of an extensive range of electrical and communication cables, alongside various electrical appliances. While primarily serving the Indian market...
How the Company Makes Money
Finolex Cables makes money primarily by manufacturing and selling cable-and-wire products and associated electrical goods under its brand. Its main revenue stream comes from the sale of electrical wires and cables (used in residential, commercial,...
Finolex Cables Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
92
Very Positive
Cash Flow
41
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 69.39B | 63.21B | 53.19B | 50.14B | 44.81B | 37.68B |
| Gross Profit | 11.58B | 9.09B | 10.16B | 10.57B | 9.24B | 7.90B |
| EBITDA | 10.17B | 9.90B | 5.40B | 5.88B | 5.09B | 4.25B |
| Net Income | 8.00B | 7.14B | 7.01B | 6.52B | 5.04B | 5.99B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 69.90B | 62.87B | 56.35B | 49.80B | 44.94B |
| Cash, Cash Equivalents and Short-Term Investments | 20.69B | 20.69B | 27.83B | 26.78B | 21.55B | 17.83B |
| Total Debt | 0.00 | 191.40M | 199.90M | 188.70M | 138.90M | 91.00M |
| Total Liabilities | -60.86B | 9.04B | 7.91B | 6.89B | 6.10B | 5.72B |
| Stockholders Equity | 60.86B | 60.86B | 54.95B | 49.46B | 43.70B | 39.22B |
Cash Flow | ||||||
| Free Cash Flow | 318.10M | -976.40M | -291.80M | 3.58B | 3.25B | 4.06B |
| Operating Cash Flow | 1.42B | 1.45B | 2.07B | 5.77B | 3.56B | 4.73B |
| Investing Cash Flow | -1.80B | 553.90M | -820.90M | -4.40B | -2.25B | -3.78B |
| Financing Cash Flow | -33.30M | -1.27B | -1.28B | -1.12B | -966.50M | -869.20M |
Finolex Cables Limited Technical Analysis
Negative
943.60
Price Trends
1340.95
Negative
1194.19
Negative
1034.25
Positive
Market Momentum
-41.77
Positive
26.36
Positive
5.72
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:FINCABLES, the sentiment is Negative. The current price of 943.6 is below the 20-day moving average (MA) of 1387.30, below the 50-day MA of 1340.95, and below the 200-day MA of 1034.25, indicating a neutral trend. The MACD of -41.77 indicates Positive momentum. The RSI at 26.36 is Positive, neither overbought nor oversold. The STOCH value of 5.72 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:FINCABLES.
Finolex Cables Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹166.78B | 20.84 | ― | 0.83% | 26.53% | 29.17% | |
68 Neutral | ₹601.08B | 48.89 | ― | 0.42% | 23.96% | 34.01% | |
67 Neutral | ₹1.12T | 35.35 | ― | 0.63% | 40.99% | 28.09% | |
65 Neutral | ₹355.33B | 33.73 | ― | 0.12% | 25.18% | 32.49% | |
60 Neutral | ₹73.23B | 41.80 | ― | 0.31% | 46.02% | 80.46% | |
60 Neutral | ₹241.89B | 39.83 | ― | 0.44% | 37.66% | 80.22% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:FINCABLES
Finolex Cables Limited
1,090.50
301.82
38.27%
IN:APARINDS
APAR Industries Limited
14,355.15
5,399.13
60.28%
IN:KEI
KEI Industries Limited
3,715.10
-365.52
-8.96%
IN:POLYCAB
Polycab India Ltd.
7,415.00
-216.73
-2.84%
IN:PRECWIRE
Precision Wires India Limited
400.60
190.76
90.91%
IN:RRKABEL
RR Kabel Ltd.
2,138.65
817.28
61.85%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.