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As of 6 Nov 2026, Finolex Cables trades at 20.9× trailing earnings, below the industry P/E of 30.0×, and the shares are 27% below their 52-week high. Sales and net profit grew 12% and 12% a year over 3 years; its ROCE of 14% is the lowest among the 7 largest Electrical Equipment & Parts peers. It carries very little debt, and its dividend yield is 0.8%. It is a small-cap company with a market cap of ₹16,686 Cr, ranked 11th of 97 Electrical Equipment & Parts companies by market cap; the shares rose 49% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹1,155.00
Day high
₹1,157.80
Day low
₹1,076.00
Prev. close
₹1,174.30
Volume
12.8 L

Health check

3 good · 1 fair · 2 to check
  • ReturnsAhead

    +49.1% over a year, better than 6 of 7 peers.

  • Price tagCheaper

    P/E 20.9 vs industry 30.0.

  • GrowthSlow

    Sales +11.8%, profit +12.3% a year over 3 years.

  • ProfitabilityWeak

    ROCE 14.2% vs peer median 22.1%.

  • Balance sheetFair

    Practically debt-free, Piotroski 5 of 9.

  • Red flagsNone found

    No warning signs in the headline numbers.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Electrical Equipment & Parts

96 listed peers. Screen the industry

Small cap

₹16,686 Cr, #11 of 97 in its industry by size.

Defensive

Beta 0.78 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹6,939 Cr · profit ₹800 Cr
Market cap
₹16,686 Cr
Small cap
P/E
20.9
Industry 30.0
Price to book
2.74
Peers 7.24
Dividend yield
0.82%
ROE
12.3%
Peers 18.0%
ROCE
14.2%
Peers 22.1%
Debt to equity
0.00
Debt ₹19 Cr
EPS (TTM)
₹52.31
Face value ₹2
OPM (TTM)
10.5%
Net margin 11.5%
Sales growth
+44.3%
Latest quarter vs a year ago
Profit growth
+53.1%
Latest quarter vs a year ago
Price to sales
2.40
EV/EBITDA 20.2

Strengths and risks

Strengths

  • Practically debt-free.
  • Quarterly profit up 53.1% on a year ago.
  • Quarterly sales up 44.3% on a year ago.
  • P/E of 20.9 against an industry P/E of 30.0.
  • Positive operating cash flow in each of the last 4 years.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Finolex Cables

Finolex Cables Limited engages in the manufacture and sale of electrical and communication cables, and other electrical appliances in India and internationally. The company operates through Electrical Cables, Communication Cables, Copper Rods, and Others segments. It offers PVC, flame retardant low smoke, halogen free flame retardant insulated industrial, and 3 core flat cables; communication cables, including CCTV, CAT6 LAN, optic fiber, speaker, RG6…

Headquarters
Pune
Employees
1,610
Sector
Industrials
ISIN
INE235A01022
Website
finolex.com

Price range

52 weeks

₹700.80₹1,499.00

Today

₹1,076.00₹1,157.80
Avg volume (3M)
13.4 L
1-year return
plus 49.1%
From 52-week high
minus 27.2%

Analyst consensus

5 analysts
Strong buyMean target ₹1,526.60 plus 39.9%

Target range, with today’s price

Low ₹1,410.00High ₹1,640.00

Today’s price ₹1,091.00 is below the lowest analyst target.

Next results expected around 7 Nov 2026

Consensus from Yahoo Finance. Not a recommendation.

Peers · Electrical Equipment & Parts

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
POWERINDIAHitachi Energy India27,800.00minus 1.42%1,23,911107.795.324.9%16.1%0.0222.2%plus 37.9%
CGPOWERCG Power and Industrial Solutions773.00minus 4.43%1,21,78588.672.519.3%13.1%0.0221.2%plus 8.2%
POLYCABPolycab India7,871.00plus 0.28%1,18,61337.529.030.4%13.6%0.0226.6%plus 3.8%
HAVELLSHavells India1,128.00plus 5.61%70,78942.630.022.1%9.1%0.029.9%minus 28.1%
APARINDSApar Industries14,106.00minus 9.65%59,06541.630.726.7%9.5%0.1217.0%plus 87.2%
KEIKEI Industries3,988.00minus 1.80%38,14336.129.918.7%11.0%0.0419.1%plus 1.8%
HONAUTHoneywell Automation India30,080.00minus 0.79%26,61347.035.715.7%13.8%0.0210.9%minus 17.5%
FINCABLESFinolex Cables1,091.00minus 7.09%16,68620.922.914.2%10.5%0.0011.8%plus 49.1%
Median of 7 peers–−1.42%70,78942.630.722.1%13.1%0.0219.1%3.8%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
1,3961,3761,5991,9512,013
1,2591,2311,4411,7711,769
136145158180244
9.8%10.5%9.9%9.2%12.1%
80.375.674.314092.3
0.40.40.50.40.5
13.7141516.721.6
203206216303314
19.7%21.1%24.2%26.0%20.8%
163163164224249
10.6310.6310.7314.6716.28

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+11.8%
Profit CAGR 3Y
+12.3%
EPS CAGR 3Y
+12.3%
ROE
12.3%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
4,4104,9375,1946,170
–+11.9%+5.2%+18.8%
3,8994,3454,6715,532
511591523638
11.6%12.0%10.1%10.3%
129196268230
1.221.71.8
46.443.946.659.4
56.9123180122
649864922929
22.4%24.6%24.0%23.1%
504652701714
–+29.2%+7.5%+1.8%
32.9742.6145.8246.67

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
30.630.630.630.6
4,3404,9155,4656,055
13.618.12019.1
596671771885
4,9805,6356,2876,990
459642835963
25.8199252116
1711,404181794
2,1552,6752,7152,064
2,1697152,3033,053
4,9805,6356,2876,990

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
35657720749.1
−225−440−82.1153
−96.7−112−128−129
3525.7−373
−31−219−236−154
325577−29.2−105
−91.5−107−122−122

Shareholding pattern

Source: NSE filings
35.9%
promoters
  • Promoters35.86%
  • Public64.14%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202635.86%64.14%0.00
30 Jun 202635.86%64.14%0.00
31 Mar 202635.86%64.14%0.00
31 Dec 202535.86%64.14%0.00
30 Sep 202535.86%64.14%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you