Finolex Cables logo

Finolex Cables share price

NSE: FINCABLESBSE: 500144Industrial ProductsSmall Cap

Finolex Cables Limited · Face value ₹2 · Listed Oct 1983 on BSE, Feb 1995 on NSE
Last close ₹1,140.00down ₹25.50 (2.19%)BSE ₹1,139.35

Share price at the NSE close on 30 Oct 2026. Previous close ₹1,165.50.

30 Oct: open ₹1,163.50, high ₹1,164.30, low ₹1,135.00

52-week range of traded prices to 29 Oct 2026
₹700.80Low, 30 Jan 2026₹1,499.00High, 8 Oct 2026
Market cap
₹17,435 Cr457th largest listed
P/E
21.79
P/E without one-offs
28.40
P/B
2.86
Dividend yield
0.79%
ROE
13.8%
ROE without one-offs
10.6%
ROCE
10.8%
Debt to equity
0.00
Volume, NSE
3,01,523

Finolex Cables share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

+46.6%over a year to 29 Oct 2026 · Nifty 500 −8.4%

ResultsTo 29 Oct 2026, 20-session average 6,28,174 shares a day, 39.8% delivered

About Finolex Cables

Finolex Cables Limited is a Pune-based maker of electrical and communication cables, with a growing range of consumer electrical goods.1 It supplies builders and contractors, equipment makers, telecom operators and government bodies, and reaches households through dealers and distributors across India.2

Its product names include FinoGreen, a range of halogen-free, flame-retardant cables, and the FinoUltra and FlameGard wire and cable lines.34 The company makes its own compounds, copper rods and glass fibres, the raw materials for its cables.5 It sells through over 800 distributors, around 5,000 channel partners and over 2,15,000 retailers, supplied from 26 depots across 28 states and 8 union territories.67

Finolex Cables traces its start to 1958, was incorporated in 1967 and has been listed on the stock exchanges since October 1983.8910 Mahesh Viswanathan, earlier its chief financial officer, has been chief executive since 1 June 2026.9

It holds 49% of Finolex J-Power Systems, an extra high voltage cable joint venture in which Sumitomo Corporation holds the other 51%, and 32.39% of Finolex Industries, an associate company (one in which it holds a large minority stake).1112 It has no subsidiaries.13

Finolex Cables key points

Results

  • In the quarter to Jun 2026, revenue from operations rose 44% to ₹2,013 crore from ₹1,396 crore, partly from passing on higher copper prices and partly from higher volumes.1415
  • Standalone profit after tax (the company alone, without its share of its associate's and joint venture's profits) was ₹221 crore in the quarter to Jun 2026, up 59% from a year earlier.16
  • In the year to Mar 2026, revenue from operations grew 19% to ₹6,321 crore and standalone profit after tax grew 14% to ₹623 crore.17
  • Consolidated EBITDA (operating profit before interest, tax, depreciation and amortisation, excluding other income) was ₹620 crore in the year to Mar 2026, against ₹541 crore a year earlier.18

Market position

  • In its presentation of 13 Aug 2026, the company put its share of India's organised wire industry at 23.9%.19
  • The company says it is only the second Indian maker of optic fibre preform, the glass rod from which optical fibre is drawn.20
  • The company says it was the first in India to make auto cables and multistrand wires (wires twisted from many fine strands), and to launch FRLS (flame-retardant, low-smoke) wires and cables.21

Business segments

  • Electrical cables, close to 87% of revenue in the year to Mar 2026. Wires for construction, agriculture, automobiles, industry and solar, plus power and control cables. Electrical cables revenue rose about 47% to ₹1,767 crore in the quarter to Jun 2026, from ₹1,206 crore a year earlier.222324
  • Communication cables. Optic fibre, CCTV, CAT6 LAN, speaker, RG6 coaxial and telephone cables. Communication cables revenue rose about 62% to ₹176 crore in the quarter to Jun 2026, from ₹109 crore, with margins close to 30%, a measure the company did not name.2225
  • Copper rods. Copper rods revenue was ₹8 crore in the quarter to Jun 2026, against ₹403 crore a year earlier, as restricted LPG supply kept the rod plant shut.26
  • Others. Fans, lighting, switches, switchgear, water heaters, conduits and fittings, and accessories. The Others segment's revenue rose 2.12% to ₹261.5 crore in the year to Mar 2026.2227

Where revenue comes from

  • Exports were about ₹50 crore in the quarter to Jun 2026, almost the entire value of the previous year's exports, the company said.28
  • In the quarter to Jun 2026 the company exported both optical fibre and fibre cables, mainly to the US and Europe.2930
  • In the year to Mar 2026, export earnings were ₹55.01 crore, about 1% of turnover; the company supplies 14 international markets, with electrical cable customers in the Middle East, Africa, Southeast Asia and the SAARC region (India's South Asian neighbours).313233

Plants and capacity

  • The company has 5 plants: Urse and Pimpri in Pune, Verna and Ponda in Goa, and Roorkee in Uttarakhand, with Ponda making copper rods.3435
  • Phase 1 of its optic fibre preform plant has been commissioned, taking preform capacity to about 100 tonnes, equal to about 4 million km of fibre; as of its earnings call of 13 Aug 2026, production had started and was being stabilised.3637
  • On its earnings call of 13 Aug 2026, the company said it would lift fibre draw (fibre-making) capacity from 4 million to 8 million km by September 2026, and cabling capacity from 8 million to 10 million km; its documents give no outcome.3738
  • As of its annual report for the year to Mar 2026, its E-beam solar cable line (curing insulation with an electron beam for heat resistance) ran near full capacity, and a second line had been ordered, doubling solar cable capacity.39

Joint venture

  • Finolex J-Power Systems makes extra high voltage cables rated up to 500kV, with most demand for 66kV and 110kV cables from transmission utilities; it turned profitable in the year to Mar 2026.12
  • In the quarter to Jun 2026, Finolex J-Power Systems had revenue of about ₹87 crore and profit of about ₹7 crore, the company said.40

What the company expects

  • On its earnings call of 13 Aug 2026, the company said communication cables margins gained from fibre bought earlier at lower cost, and it believed they would probably be in the low double digits by the end of the year, provided demand holds.3741
  • On its earnings call of 13 Aug 2026, the company said electrical cables margins of about 10.5%, a measure it did not name, should be sustainable.42
  • In its presentation of 13 Aug 2026, the company said greenfield (new site) planning for power cables would begin once utilisation crosses 70%.43

Last updated

All 43 sources, each with its page
  1. 1. Annual report, 5 Sep 2026, page 42
  2. 2. Annual report, 5 Sep 2026, page 93
  3. 3. Annual report, 5 Sep 2026, page 22
  4. 4. Annual report, 5 Sep 2026, page 13
  5. 5. Annual report, 5 Sep 2026, page 9
  6. 6. Annual report, 5 Sep 2026, page 23
  7. 7. Investor presentation, 13 Aug 2026, page 12
  8. 8. Annual report, 5 Sep 2026, page 8
  9. 9. Annual report, 5 Sep 2026, page 30
  10. 10. Investor presentation, 13 Aug 2026, page 15
  11. 11. Annual report, 5 Sep 2026, page 95
  12. 12. Annual report, 5 Sep 2026, page 20
  13. 13. Annual report, 5 Sep 2026, page 34
  14. 14. Investor presentation, 13 Aug 2026, page 4
  15. 15. Earnings call, 13 Aug 2026, page 4
  16. 16. Investor presentation, 13 Aug 2026, page 4
  17. 17. Annual report, 5 Sep 2026, page 15
  18. 18. Investor presentation, 13 Aug 2026, page 19
  19. 19. Investor presentation, 13 Aug 2026, page 15
  20. 20. Investor presentation, 13 Aug 2026, page 12
  21. 21. Annual report, 5 Sep 2026, page 10
  22. 22. Annual report, 5 Sep 2026, page 42
  23. 23. Earnings call, 13 Aug 2026, page 5
  24. 24. Annual report, 5 Sep 2026, page 42
  25. 25. Earnings call, 13 Aug 2026, page 5
  26. 26. Earnings call, 13 Aug 2026, page 5
  27. 27. Annual report, 5 Sep 2026, page 44
  28. 28. Earnings call, 13 Aug 2026, page 4
  29. 29. Earnings call, 13 Aug 2026, page 7
  30. 30. Earnings call, 13 Aug 2026, page 16
  31. 31. Annual report, 5 Sep 2026, page 80
  32. 32. Annual report, 5 Sep 2026, page 93
  33. 33. Annual report, 5 Sep 2026, page 20
  34. 34. Annual report, 5 Sep 2026, page 8
  35. 35. Investor presentation, 13 Aug 2026, page 16
  36. 36. Annual report, 5 Sep 2026, page 16
  37. 37. Earnings call, 13 Aug 2026, page 4
  38. 38. Earnings call, 13 Aug 2026, page 15
  39. 39. Annual report, 5 Sep 2026, page 21
  40. 40. Earnings call, 13 Aug 2026, page 4
  41. 41. Earnings call, 13 Aug 2026, page 6
  42. 42. Earnings call, 13 Aug 2026, page 6
  43. 43. Investor presentation, 13 Aug 2026, page 12

Results

Consolidated; ₹ crore.Finolex Cables quarterly results

Revenue growth, 12 months
+26.5%
Net profit growth, 12 months
+29.2%

Quarter to Jun 2026, against the quarter before

Revenue
₹2,013 Crup 3.18%
Net profit
₹249 Crup 10.97%
Net margin
12.4%

Revenue by quarter

₹1,312 CrSep 24₹1,182 CrDec 24₹1,595 CrMar 25₹1,396 CrJun 25₹1,376 CrSep 25₹1,599 CrDec 25₹1,951 CrMar 26₹2,013 CrJun 26
Peak revenue ₹2,013 Cr, quarter to Jun 2026; lowest ₹1,182 Cr, quarter to Dec 2024

Net profit by quarter, a loss in red

₹118 CrSep 24₹147 CrDec 24₹192 CrMar 25₹163 CrJun 25₹163 CrSep 25₹164 CrDec 25₹224 CrMar 26₹249 CrJun 26
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue1,3121,1821,5951,3961,3761,5991,9512,013
Net profit118147192163163164224249
Net margin9.0%12.5%12.0%11.7%11.8%10.3%11.5%12.4%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Electrical cables₹5,490 Crup 22.03%65.4%
  • Copper rods₹2,143 Crup 27.22%25.5%
  • Communication cables₹500 Crdown 1.45%6.0%
  • Others₹262 Cr3.1%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history.Finolex Cables PE ratio and valuation

Price to earnings

At or below today's level on 76% of 2,479 trading days over the last 10 years.

LowestHighest
Its median22.26Industry median22.67
Price to book

At or below today's level on 69% of 1,971 trading days since Nov 2018.

LowestHighest
Its median2.45Industry median2.69
Dividend yield

At or below today's level on 40% of 2,453 trading days over the last 10 years.

LowestHighest
Its median0.87%Industry median0.37%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−13.8%+1.9%−16.5%1.2%
3 years−0.6%+12.3%−12.3%0.9%
5 years+16.4%+9.1%+5.7%1.1%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1, 3 and 5 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the years to Mar 2021, Mar 2023, Mar 2025 and Mar 2026.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Finolex Cables shareholding pattern

Shareholding by group

  • Promoters35.86%
  • Foreign institutions9.63%
  • Indian institutions16.93%
  • Individuals and others37.59%
Holder
ORBIT ELECTRICALS PRIVATE LIMITEDPromoter30.70%
FINOLEX INDUSTRIES LIMITEDAssociate companies and subsidiaries14.51%
ANIL RAMCHAND CHHABRIAResident individuals, over ₹2 lakh at face value3.09%
TATA AIA LIFE INSURANCE CO LTD-WHOLE LIFE MID CAPInsurance companies1.96%
LGOF GLOBAL OPPORTUNITIES LIMITEDForeign portfolio investors, category II1.88%
GOPICHAND PARMANAND HINDUJANon-resident Indians1.88%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions −0.02 pts, Indian institutions +0.23 pts, mutual funds +1.34 pts.

Mutual fund holdings

88 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 57 of the 58 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 88 funds holding Finolex Cables

Bought for the first time
12
Bought again
1
Added
25
Cut
33
Held unchanged
16
Sold out
2
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 30 Oct 2025.Finolex Cables insider trading

No promoter, director, key manager or employee bought or sold on the market.

  • Others: no market trade
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Finolex Cables competitors and peers

Cables - Electricals, 24 listed companies, priced on 29 Oct 2026. The table lists the 8 companies closest to Finolex Cables in market cap.Capital goods stocks

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Polycab India logoPolycab IndiaPOLYCAB1,16,71436.988.91+40.7%+28.2%26.6%32.0%0.61%
KEI Industries logoKEI IndustriesKEI36,62334.695.08+25.2%+33.5%15.8%18.2%0.12%
R R Kabel logoR R KabelRRKABEL24,01135.737.90+45.4%+66.4%25.0%26.3%0.45%
V Marc India logoV Marc IndiaVMARCIND4,67246.7016.14––41.8%–0.00%
Universal Cables logoUniversal CablesUNIVCABLES4,56022.762.41+33.6%+71.7%10.9%8.2%0.34%
Laser Power & Infra logoLaser Power & InfraLASERPOWER2,941––––––0.00%
Lumino Industries logoLumino IndustriesLUMINO2,732––––––0.00%
Paramount Communications logoParamount CommunicationsPARACABLES2,16130.042.35+19.5%−1.6%8.6%9.9%0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Finolex Cables dividend history

Dividend per share, ₹, restated for later splits and bonuses

3Mar 174Mar 184.5Mar 195.5Mar 205.5Mar 216Mar 227Mar 238Mar 248Mar 259Mar 26
Highest ₹9.00 a share, year to Mar 2026.
Ex-dateTypePer share
4 Sep 2026Final₹9.00
4 Sep 2025Final₹8.00
17 Sep 2024Final₹8.00
22 Sep 2023Final₹7.00
15 Sep 2022Final₹6.00
16 Sep 2021Final₹5.50
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Finolex Cables announcements

Finolex Cables share price by year

Each calendar year to 2025.Finolex Cables share price history

YearClose at year endChangeHighest closeLowest close
2025749.70−36.6%1,177.10717.20
20241,182.00+10.6%1,666.50838.80
20231,069.15+95.5%1,195.55530.30
2022547.00+3.6%586.70348.00
2021528.10+53.2%600.00348.50
2020344.65−7.1%421.30172.10
2019371.10−18.3%498.90349.95
2018454.20−35.8%743.70449.30
2017707.50+71.0%714.05404.40
2016413.65+63.5%449.65209.85
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 29 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
29 Oct 20261,146.001,179.601,145.001,165.501,165.913,62,95541.5%
28 Oct 20261,160.001,180.001,142.401,149.701,154.542,29,14034.6%
27 Oct 20261,146.501,180.001,140.001,164.401,162.724,89,54440.9%
26 Oct 20261,080.001,150.001,062.001,144.701,120.4310,29,32935.0%
23 Oct 20261,150.001,150.001,052.601,090.301,080.2412,74,97639.2%
22 Oct 20261,200.001,200.001,117.001,139.901,139.7417,14,55744.2%
21 Oct 20261,290.001,295.601,195.001,202.401,223.319,69,18151.9%
19 Oct 20261,360.001,360.801,268.101,282.501,286.7012,25,13942.5%
16 Oct 20261,399.001,417.401,364.301,367.701,389.312,69,10642.7%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Stock split history

Ex-dateEventPrice factorWhat happened
8 Jan 2007Split0.2000Each share became 5.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

Company details

Chairperson
RATNAKAR BARVE
At the end of the quarter to Sep 2026
NSE symbol
FINCABLES
BSE code
500144
ISIN
INE235A01022
Industry
Industrial Products
CIN
L31300MH1967PLC016531
Corporate identity number, the registrar of companies' code for it
Incorporated
1967
Registered office
26-27 Mumbai-Pune Road Pimpri, 411018, Maharashtra
Share registrar
KFin Technologies Ltd
Keeps the register of shareholders and handles transfers and dividend payments