Overall Fundamental outlook

Business Operations:

Sector: Industrials
Industry: Electrical Equipment & Parts

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 electrical cables, such as 1100V and motor winding PVC insulated, automotive/battery, UPS, elevator, solar, and industrial cables, as well as heavy duty, underground, low and high voltage, power, and control cables; and communication cables, including optic fiber, coaxial, local area network, CCTV, speaker, jelly filled telephone, PE insulated telephone, and V-SAT cables. The company also provides copper rods; electrical switches, sockets, regulators, etc.; and retrofit/non-retrofit CFL lamps, T5 tube lights and fittings, and LED-based lighting solutions. In addition, it offers ceiling, table, wall, pedestal, and exhaust fans; switchgear products, such as miniature and residual current circuit breakers, molded case circuit breakers, and distribution boards; instant and storage water heaters; steam and dry irons; conduit pipes and fittings; and smart door locks and switches. The company also offers its products through retail outlets under the Finolex Houses brand name; and online retail stores. Finolex Cables Limited was founded in 1958 and is based in Pune, India.

Revenue projections:

Revenue projections for FINCABLES
Revenue projections for FINCABLES

FINCABLES's revenues are expected to fall below last year's, and this forecast tends to raise concerns among investors. A revenue drop can negatively impact the company's profitability, making investors more cautious about their positions due to the risks of declining financial performance.

Financial Ratios:

currentRatio 7.672000
forwardPE 13.983035
debtToEquity 0.377000
earningsGrowth 0.379000
revenueGrowth 0.049000
grossMargins 0.196620
operatingMargins 0.095270
trailingEps 43.420000
forwardEps 27.770000

A current ratio of 7.672 for FINCABLES implies that the company has ample liquidity to meet its short-term debts. FINCABLES's cash reserves and current assets should easily cover these obligations, highlighting its financial stability and ability to manage short-term liabilities.
FINCABLES's Forward PE is well-positioned, indicating the stock price is favorable compared to its earnings. This suggests the stock is not overpriced and offers room for growth, making it an attractive option for investors looking for future value appreciation.
FINCABLES's forward EPS being less than trailing EPS suggests the company may see a drop in profitability this year. This signals potential financial challenges and a less optimistic outlook for earnings growth.

Price projections:

Price projections for FINCABLES
Price projections for FINCABLES

Finolex Cables Limited's price projections have been revised downward over time, reflecting a shift in sentiment among analysts. The steady decline in projections points to a more cautious outlook on the company's future performance.

Recommendation changes over time:

Recommendations trend for FINCABLES
Recommendations trend for FINCABLES


FINCABLES has been receiving a buy bias from analysts, signaling strong confidence in the stock's future performance. This positive outlook might drive investors to view FINCABLES as an attractive option for their portfolios, positioning the company as a stable and profitable investment choice.