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

Investors may be wary of Finolex Cables Limited as its revenues are expected to fall below the prior year's levels. A revenue decrease often leads to concerns about profitability, as it is likely to affect the company's bottom line, prompting investors to take a more cautious approach.

Financial Ratios:

currentRatio 7.67200
forwardPE 13.60509
debtToEquity 0.37700
earningsGrowth 0.37900
revenueGrowth 0.04900
grossMargins 0.19662
operatingMargins 0.09527
trailingEps 43.45000
forwardEps 53.05000

The current ratio for FINCABLES is 7.672, indicating that the company can service its short-term debt using available cash and assets. This suggests FINCABLES has strong liquidity, with more than enough resources to meet its immediate financial commitments.
Finolex Cables Limited's Forward PE ratio suggests the stock price is reasonable in relation to earnings. It's not overpriced, providing room for future growth, making the stock a potentially valuable investment for those seeking long-term gains.
FINCABLES's forward EPS being higher than its trailing EPS signals anticipated growth in profitability for the current financial year. This suggests that FINCABLES is on track to improve its earnings, outpacing the previous year's performance and reflecting positive market expectations.

Price projections:

Price projections for FINCABLES
Price projections for FINCABLES

Price projections for FINCABLES have been gradually reduced, reflecting growing uncertainty about the company's future performance. The downward revisions indicate analysts are lowering their expectations for FINCABLES's market trajectory.

Recommendation changes over time:

Recommendations trend for FINCABLES
Recommendations trend for FINCABLES


FINCABLES has been receiving a buy bias from analysts, indicating confidence in its investment potential. This could drive more investors to view FINCABLES as a reliable choice for their money, offering a promising avenue for future growth and financial gains.