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Indian maker of electrical wires and communication cables (house wiring, LAN/telecom cables), part of the Finolex Group.
Indian maker of electrical wires and communication cables (house wiring, LAN/telecom cables), part of the Finolex Group.
Sells most of its wires through dealers to electricians and builders, so brand trust and dealer reach decide volumes; copper is the main raw material, and selling prices follow the metal. It also holds a sizeable stake in Finolex Industries, the listed PVC pipe maker, outside its core business.
Moat: narrow (brand, distribution). Long-established Finolex brand and dealer network, but Polycab and Havells have larger scale and marketing reach.
Headquarters: Pune, India · Founded: 1958 · Employees: 1,609
Size Finolex Cables (FINCABLES.NS) is an India Industrials company (Electrical Products) with a market value of $1.76B, the 403rd largest of 1,058 India companies the cockpit tracks. Shares closed at ₹1,091 on 6 Nov 2026.
Performance Over six months the shares gained 0.3%, against -29.1% for the median peer and 0.0% for the India market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 26.5% over the last twelve months (peer median +3.4%); the operating margin is 9.6% (peer median 7.8%).
Valuation It trades at 19.9× forward earnings against a peer median of 20.7× (7th cheapest of 14).
Capital Return on invested capital runs 4.9 points below its cost of capital (13.0% WACC).
Next results Next results expected around 7 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹69.4B | ₹63.2B | ₹53.2B | ₹50.1B | ₹44.8B |
| Revenue growth | — | +19% | +6% | +12% | — |
| Gross profit | ₹10.3B | ₹7.78B | ₹6.73B | ₹7.32B | ₹6.25B |
| EBITDA | ₹7.33B | ₹6.43B | ₹5.34B | ₹5.98B | ₹5.20B |
| Net income | ₹8.00B | ₹7.14B | ₹7.01B | ₹6.52B | ₹5.04B |
| Free cash flow | n/a | -₹81.1M | ₹607M | ₹4.45B | ₹4.56B |
| Capital expenditure | n/a | ₹1.54B | ₹2.36B | ₹2.19B | ₹310M |
| Total debt | n/a | ₹191M | ₹200M | ₹181M | ₹136M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Finolex Cables FINCABLES.NS | $1.76B | 0% | +27% | 10% | 19.9× | n/a |
| Polycab India POLYCAB.NS | $12.5B | -13% | +41% | 13% | 33.8× | n/a |
| Havells India HAVELLS.NS | $7.47B | -11% | +16% | 7% | 44.0× | 39.8% |
| KEI Industries KEI.NS | $4.03B | -22% | +25% | 10% | 33.9× | n/a |
| RR Kabel RRKABEL.NS | $2.30B | 0% | +45% | 8% | 28.5× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | FINCABLES.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -26.5% | -4.7% | 4th lowest of 21 |
| 6-month return | +0.3% | -29.1% | 3rd highest of 21 |
| Distance from 52-week high | -27.2% | -47.8% | 3rd highest of 21 |
| Revenue growth (TTM) | +26.5% | +3.4% | 4th highest of 21 |
| Operating margin | 9.6% | 7.8% | 8th highest of 21 |
| Forward P/E | 19.9× | 20.7× | 7th cheapest of 14 |
| ROIC minus cost of capital | -4.9 pp | -3.8 pp | 8th lowest of 21 |
| EV / EBITDA | 22.7× | 9.0× | most expensive of 7 |
| Net debt / EBITDA | -2.8× | 0.7× | 2nd least indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Finolex Cables FINCABLES.NS | India | $1.76B | 0% | +27% | 10% | 19.9× | n/a | n/a |
| Wuxi Huaguang Environment & Energy 600475.SS | China | $1.79B | -24% | -8% | 7% | 20.7× | 8.0% | +3.0% |
| Pfeiffer Vacuum Technology PFV.DE | Germany | $1.79B | -3% | 0% | 9% | 23.6× | 8.9% | +6.6% |
| Guangdong Mingyang Electric 301291.SZ | China | $1.81B | -34% | -17% | 5% | 27.9× | 15.6% | +32.9% |
| SWCC 5805.T | Japan | $1.71B | +1% | +21% | 11% | 11.1× | 6.4% | +11.4% |
| Advanced Energy Solution 6781.TW | Taiwan | $1.82B | -37% | +38% | 24% | 13.5× | 2.6% | +20.5% |
| Farasis Energy (Gan Zhou) 688567.SS | China | $1.82B | -29% | -8% | -10% | n/a | -0.9% | +52.1% |
| Roshow Technology 002617.SZ | China | $1.68B | -24% | +4% | 8% | n/a | 17.9% | +5.2% |
| Hengdian Group Tospo Lighting 603303.SS | China | $1.86B | +44% | +5% | 1% | 70.3× | 35.6% | -0.8% |
| Opple Lighting 603515.SS | China | $1.67B | -26% | +1% | 9% | 17.2× | n/a | n/a |
| CETC Chips Technology 600877.SS | China | $1.87B | -36% | -2% | -3% | n/a | n/a | n/a |
| Hangzhou Zhongheng Electric 002364.SZ | China | $1.89B | -40% | +17% | 4% | 70.6× | n/a | n/a |
| Googol Technology 301510.SZ | China | $1.65B | -30% | +66% | 21% | n/a | 50.5% | +14.1% |
| Jiangsu Leili Motor 300660.SZ | China | $1.90B | -33% | +16% | 5% | 70.5× | 29.1% | +11.6% |
| Jiangsu Cnano Technology 688116.SS | China | $1.90B | -19% | +8% | 19% | 32.6× | n/a | n/a |
| Simplo Technology 6121.TWO | Taiwan | $1.90B | -6% | +3% | 11% | 9.6× | -20.1% | -0.8% |
| Aerospace Hi-Tech 000901.SZ | China | $1.63B | -43% | -21% | 1% | n/a | n/a | n/a |
| Hainan Drinda New Energy Technology 2865.HK | Hong Kong | $1.62B | -65% | +1% | -13% | n/a | 29.6% | +53.8% |
| Hammond Power Solutions HPS-A.TO | Canada | $1.60B | -41% | +51% | 11% | 13.7× | 9.4% | +22.8% |
| Jiangxi Special Electric Motor 002176.SZ | China | $1.96B | -52% | -13% | -13% | n/a | 48.7% | +1.2% |
| Meidensha 6508.T | Japan | $1.96B | -20% | +12% | 10% | 11.0× | 5.1% | +7.1% |