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    Finolex Cables Limited

    India's most diversified maker of electrical wires, telecom cables and FMEG products.

    Capital Goods
    Industrials
    View FINCABLES earnings calls
    ₹1,017.3
    -5.37% from avg

    Overview

    Price

    ₹1,017.3

    Market Cap

    ₹14.9k Cr

    Sector

    Capital Goods

    Industrials

    Rank

    4

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital3131313131313131
    Reserves3.0k3.4k3.9k4.3k4.9k5.5k4.8k6.1k
    Borrowings8791418202219
    Other Liabilities395464563596671771613885
    Total Liabilities3.4k3.9k4.5k5.0k5.6k6.3k5.4k7.0k
    AssetsFixed Assets387394380435444583577850
    CWIP27268721168210303105
    Investments1.1k1.6k2.0k2.6k3.6k4.0k3.1k4.2k
    Other Assets1.9k1.9k2.0k1.9k1.4k1.5k1.5k1.8k
    Total Assets3.4k3.9k4.5k5.0k5.6k6.3k5.4k7.0k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating15430911447335657720749
    Cash from Investing-110587-859-378-225-440-82153
    Cash from Financing-75-86-86-87-97-112-128-129
    SummaryCapital Expenditure
    Free Cash Flow11027759406325577207-105
    FCF Margin

    Valuation

    Assumptions

    Current — FINCABLES
    Price
    ₹1,017
    EPS (TTM)
    ₹46.66
    PE (TTM)
    21.8
    Profit growth
    9.6%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (23.5×) and current (21.8×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹1,017
    vs
    Fair value · 15% return
    ₹697
    31%Overvalued

    At 9.6% growth and a 22× exit, ₹1017 only delivers your return if you pay ₹697. The price is currently baking in 17% growth.

    EPS grows 9.6%/yr for 5 years, then fades to 6% over 2, exits at 22×.

    YearGrowthEPS (₹)
    FY279.6%51.14
    FY289.6%56.05
    FY299.6%61.43
    FY309.6%67.33
    FY319.6%73.79
    FY327.8% ·fade79.55
    FY336.0% ·fade84.32

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Finolex Cables Limited

    Guides on how to read this kind of business and the numbers that matter.