Based in Pune, Maharashtra, Finolex Cables Limited is a leading Indian manufacturer renowned for its extensive range of electrical and telecommunication cables. Established in 1958, it serves as the flagship company of the Finolex Group, a name synonymous with quality and reliability in the cable manufacturing industry.
Aside from cables, Finolex Cables Limited diversifies its product portfolio by producing polyvinyl chloride (PVC) sheets. Widely used in roofing, signage, and interior design, these PVC sheets reflect the company’s versatility and commitment to meeting diverse market needs.
With state-of-the-art manufacturing facilities strategically located in Pimpri, Urse, Goa, and Roorkee, the company ensures high standards of production efficiency and product quality. These facilities enable Finolex Cables Limited to maintain a robust supply chain, serving both domestic and international markets effectively.
Finolex Cables Q4 FY24 Results
- Earnings Per Share (EPS): The company witnessed a substantial increase in EPS, promising better returns for its shareholders.
- Operating Profit: Finolex Cables displayed robust growth in operating profit, reflecting efficient cost management and operational strategies.
- Gross Margin Improvement: Achieving higher gross margins signifies enhanced profitability from core business operations.
- New Highs: The company’s record-high share price of ₹1,308.25 signifies strong investor confidence and positive market sentiment.
- Segment Performance: Strong performance across various segments, notably electrical and telecommunication cables, contributed to overall growth.
- Market Leadership: Positive Q4 results further solidified Finolex Cables’ position as a market leader in cable manufacturing.
- Expansion Plans: Hinting at future expansion plans, the company aims to capitalize on the increasing demand for electrical and telecommunication cables.
- Innovation and Quality: Continued emphasis on innovation and quality products has strengthened Finolex Cables’ market reputation and customer trust.
- Sustainability Efforts: Emphasizing commitment to sustainability, the company focuses on initiatives to reduce environmental impact and enhance social responsibility.
- Industry Outlook: With favorable industry trends and rising infrastructure development projects, future growth prospects for Finolex Cables appear promising.
| 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 |
During the period from March 2023 to March 2024, the company’s shareholding pattern displayed noteworthy trends. Promoter holdings remained steady at 35.92%, indicating consistent control. Foreign Institutional Investors (FIIs) increased their stakes from 10.78% to 11.58%, peaking at 11.77% in September 2023. Meanwhile, Domestic Institutional Investors (DIIs) experienced minor fluctuations, declining from 17.03% to 15.87%. Public shareholding saw slight variation, starting at 36.28% and ending at 36.65%. Notably, the number of shareholders surged significantly from 1,00,123 to 1,28,440, reflecting heightened investor interest and participation throughout the year.
How to Purchase Finolex Cables’s Shares in India?
Below are the trading platforms that you can use to purchase Finolex Cables shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
Finolex Cables Share Price Prediction: 2024, 2025 to 2030
Finolex Cables Share Price Target 2024
| When | Maximum Price | Minimum Price |
| June 2024 | 1,343.80 | 1,168.53 |
| July 2024 | 1,330.37 | 1,156.84 |
| August 2024 | 1,383.58 | 1,203.11 |
| September 2024 | 1,438.92 | 1,251.24 |
| October 2024 | 1,410.71 | 1,226.70 |
| November 2024 | 1,467.14 | 1,275.77 |
| December 2024 | 1,481.81 | 1,288.53 |
In 2024, Finolex Cables’ shares are expected to fluctuate. June could see prices ranging between ₹1,168.53 and ₹1,343.80. July might witness a slight dip, with prices varying from ₹1,156.84 to ₹1,330.37. August could bring a rise, with prices expected to range from ₹1,203.11 to ₹1,383.58. September may see further increases, with prices ranging between ₹1,251.24 and ₹1,438.92. October and November could follow similar patterns. Finally, in December, prices may peak at ₹1,481.81 before dropping to ₹1,288.53.
Finolex Cables Share Price Target 2025
| When | Maximum Price | Minimum Price |
| January 2025 | 1,496.63 | 1,151.25 |
| February 2025 | 1,511.74 | 1,162.88 |
| March 2025 | 1,543.49 | 1,187.30 |
| April 2025 | 1,528.21 | 1,175.55 |
| May 2025 | 1,483.70 | 1,141.31 |
| June 2025 | 1,550.46 | 1,192.67 |
| July 2025 | 1,520.06 | 1,169.28 |
| August 2025 | 1,567.08 | 1,205.44 |
| September 2025 | 1,585.88 | 1,219.91 |
| October 2025 | 1,627.11 | 1,251.63 |
| November 2025 | 1,667.79 | 1,282.92 |
| December 2025 | 1,742.84 | 1,340.65 |
In 2025, Finolex Cables shares are expected to fluctuate. In January, they may range from ₹1,151.25 to ₹1,496.63, with similar fluctuations each month until December, where prices could reach ₹1,340.65 to ₹1,742.84.
Finolex Cables Share Price Prediction 2026
| When | Maximum Price | Minimum Price |
| January 2026 | 1,795.13 | 1,380.87 |
| February 2026 | 1,750.25 | 1,346.35 |
| March 2026 | 1,785.25 | 1,373.27 |
| April 2026 | 1,821.69 | 1,401.30 |
| May 2026 | 1,803.65 | 1,387.42 |
| June 2026 | 1,848.74 | 1,422.11 |
| July 2026 | 1,812.49 | 1,394.23 |
| August 2026 | 1,868.55 | 1,437.35 |
| September 2026 | 1,905.92 | 1,466.09 |
| October 2026 | 1,955.47 | 1,504.21 |
| November 2026 | 2,004.36 | 1,541.82 |
| December 2026 | 2,054.47 | 1,580.36 |
Finolex Cables Share Price Target 2027
| When | Maximum Price | Minimum Price |
| January 2027 | 2,075.01 | 1,596.17 |
| February 2027 | 2,128.22 | 1,637.09 |
| March 2027 | 2,211.22 | 1,700.94 |
| April 2027 | 2,167.86 | 1,667.59 |
| May 2027 | 2,104.72 | 1,619.02 |
| June 2027 | 2,199.43 | 1,691.87 |
| July 2027 | 2,156.31 | 1,658.70 |
| August 2027 | 2,223.00 | 1,710.00 |
| September 2027 | 2,300.80 | 1,769.85 |
| October 2027 | 2,360.62 | 1,815.86 |
| November 2027 | 2,419.64 | 1,861.26 |
| December 2027 | 2,480.13 | 1,907.79 |
Finolex Cables Share Price Prediction 2028
| When | Maximum Price | Minimum Price |
| January 2028 | 2,529.73 | 1,945.95 |
| February 2028 | 2,594.60 | 1,995.84 |
| March 2028 | 2,695.79 | 2,073.68 |
| April 2028 | 2,642.93 | 2,033.02 |
| May 2028 | 2,565.95 | 1,973.81 |
| June 2028 | 2,681.42 | 2,062.63 |
| July 2028 | 2,628.84 | 2,022.19 |
| August 2028 | 2,710.15 | 2,084.73 |
| September 2028 | 2,805.00 | 2,157.69 |
| October 2028 | 2,877.93 | 2,213.79 |
| November 2028 | 2,949.88 | 2,269.14 |
| December 2028 | 3,023.63 | 2,325.87 |
Finolex Cables Share Price Target 2029
| When | Maximum Price | Minimum Price |
| January 2029 | 3,084.10 | 2,372.38 |
| February 2029 | 3,163.18 | 2,433.21 |
| March 2029 | 3,286.54 | 2,528.11 |
| April 2029 | 3,222.10 | 2,478.54 |
| May 2029 | 3,128.25 | 2,406.35 |
| June 2029 | 3,269.02 | 2,514.63 |
| July 2029 | 3,204.93 | 2,465.33 |
| August 2029 | 3,304.05 | 2,541.57 |
| September 2029 | 3,419.69 | 2,630.53 |
| October 2029 | 3,508.60 | 2,698.92 |
| November 2029 | 3,596.32 | 2,766.40 |
| December 2029 | 3,686.22 | 2,835.56 |
Finolex Cables Share Price Target 2030
| When | Maximum Price | Minimum Price |
| January 2030 | 3,759.95 | 2,892.27 |
| February 2030 | 3,856.36 | 2,966.43 |
| March 2030 | 4,006.75 | 3,082.12 |
| April 2030 | 3,928.19 | 3,021.69 |
| May 2030 | 3,813.78 | 2,933.68 |
| June 2030 | 3,985.40 | 3,065.69 |
| July 2030 | 3,907.25 | 3,005.58 |
| August 2030 | 4,028.10 | 3,098.53 |
| September 2030 | 4,169.08 | 3,206.98 |
| October 2030 | 4,277.47 | 3,290.37 |
| November 2030 | 4,384.41 | 3,372.62 |
| December 2030 | 4,494.02 | 3,456.94 |
- Maximum price: $4,494.02 (December 2030)
- Minimum price: $2,892.27 (January 2030)
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% |
- Sales exhibited consistent growth from ₹2,877 crores in March 2020 to ₹5,014 crores in March 2024.
- Operating profit steadily increased from ₹370 crores to ₹581 crores during the same period.
- Operating profit margin remained stable, ranging between 11% to 13%.
- Other income contributed to profitability, reaching ₹218 crores by March 2024.
- Despite slight fluctuations in expenses and marginal increases in interest and depreciation costs, the company maintained robust financial health.
- Profit before tax surged from ₹501 crores to ₹753 crores, reflecting improved operational efficiency.
- Net profit followed a similar upward trajectory, rising from ₹402 crores to ₹572 crores.
- Earnings per share (EPS) witnessed a notable increase from ₹26.32 to ₹37.37, indicating enhanced profitability for shareholders.
- The company maintained a consistent dividend payout ratio ranging from 21% to 30%, balancing shareholder rewards with reinvestment in business growth.
Geojit BNP Paribas on Finolex Cables’s share price Target
Geojit BNP Paribas has shown confidence in Finolex Cables, recommending a purchase with a target price set at Rs1019.00.
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.
What’s the latest price tag on a share of Finolex Cables?
As of May 24, 2024, the share price of Finolex Cables stands at ₹1,322.
What’s the investment outlook for Finolex Cables in 2025?
In 2025, Finolex Cables is expected to experience price fluctuations ranging between ₹1,141.31 and ₹1,742.84.
What’s the anticipated share value of Finolex Cables in 2030?
By 2030, the anticipated price range for Finolex Cables shares is expected to span from a minimum of ₹2,892.27 to a maximum of ₹4,494.02.
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Conclusion:
Finolex Cables has posted Strongt Q4 results, propelling its share price to surge by over 14% to a historic high, showcasing its resilience and market prowess. The company has witnessed substantial growth in its earnings per share (EPS) and operating profit, with EPS climbing from ₹26.32 to ₹37.37, indicating improved profitability and value creation for investors. Operating profit has steadily increased from ₹370 crores to ₹581 crores, reflecting effective cost management and operational strategies. Additionally, Finolex Cables has maintained a consistent dividend payout ratio between 21% and 30%, striking a balance between rewarding shareholders and reinvesting in business expansion. The company’s stable shareholding pattern and rising investor engagement illustrate growing confidence and interest among stakeholders. Moreover, Geojit BNP Paribas’ bullish outlook, issuing a buy recommendation with a target price of Rs 1019.00, underscores Finolex Cables’ promising trajectory in the stock market.
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