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 are expected to be cautious with FINCABLES, as its revenues are projected to fall compared to last year. A decline in revenue often results in a negative impact on profitability, prompting concerns about the company's financial stability and making investors more conservative in their approach.

Financial Ratios:

currentRatio 10.482000
forwardPE 17.407705
debtToEquity 0.364000
earningsGrowth 0.030000
revenueGrowth 0.138000
grossMargins 0.193050
operatingMargins 0.099350
trailingEps 45.850000
forwardEps 27.770000

FINCABLES's current ratio, being 10.482, means the company is well-positioned to meet its short-term debt obligations. This reflects FINCABLES's strong liquidity, as its cash reserves and current assets provide more than enough coverage for its immediate liabilities.
Finolex Cables Limited's Forward PE is positioned well, reflecting a favorable balance between stock price and earnings. The stock isn't overpriced, offering room for growth and making it a potentially rewarding investment as its value has room to rise further.
FINCABLES's forward EPS, being lower than its trailing EPS, points to an expected decline in profitability. This suggests that the company's financial performance may weaken in the upcoming year.

Price projections:

Price projections for FINCABLES
Price projections for FINCABLES

The current valuation of Finolex Cables Limited, concerning its projections, presents no apparent risks or opportunities. This neutral outlook may lead investors to adopt a cautious approach as they await further insights into the company's performance.

Recommendation changes over time:

Recommendations trend for FINCABLES
Recommendations trend for FINCABLES


The analysts' recent buy bias for FINCABLES indicates strong confidence in the stock's future performance. This could encourage more investors to view FINCABLES as a worthwhile investment, positioning the company as a top choice for those seeking financial security and long-term growth opportunities.