Finolex Cables Ltd share Price Today

Finolex Cables is a company that operates in the manufacturing of electrical and communication cables and has a market capitalization of INR 6,957.26 Crores on 24th August ‘2021. In 1967, it became a corporation by naming “Finolex Cables Limited”, the flagship company of Finolex Group. At the end of March 2020, it registered combined revenue of Rs 2,968.80 Crores. The Bombay Stock Exchange (BSE) and National Stock Exchange have assigned the number 500144 and scrip code FINCABLES. As of 24th August '2021, Finolex Cables limited is trading at Rs. 454.95.

Finolex Cables is a debt-free company and has a turnover of around Rs. 3,000 Crores, five manufacturing sites. Finolex Cables was the first company in India to create multi-strand wires, auto cables, FRLS wires and cables, and aerial cable designs, among other things. Finolex Cables is having more than 5000 Channel Partners, 28 Depots, more than 50,000 retailers, and approximately 22% market share in the organized wires and cables industry. The company generates 82% revenue from electrical wires and cables, 14% from communication cables, and 4% from electrical consumer products as of 31st March '2020. Finolex Cables Limited has a Capex plan of Rs. 200 Crores over the next 18-20 months as of 31st March 2020. The Company engaged approximately 1762 permanent employees and 1256 flexible (contractual, trainee, and temporary) employees as of 31st March '2020.

The company’s net worth is increased from 2,439.67 Crores for the F.Y 2018-19 to INR 2,718.63 Crores for the F.Y 2019-20. With the adoption of the lower tax rates, the company has recorded a post-tax profit of Rs. 402 Crores for the year 2020 as against Rs. 344 Crores in the previous year shows an increment of 16.97%. From Rs. 22.50 in March 2019, Finolex Cables Limited’s EPS has risen to Rs. 26.32 in March 2020. Finolex Cables Limited’s stock is trading at 454.95 on 24th August ‘2021 with a return of 18.44% in the last six months and 48.47% in the previous year. The promoters hold 35.86% of the stake within the company, and the rest, 35.05%, is owned by the others (Mutual funds, FII, Employees, public shareholding, etc).

Finolex Cables share price as on 26 Apr 2024 is Rs. 1012.3. Over the past 6 months, the Finolex Cables share price has increased by 12.83% and in the last one year, it has increased by 16.46%. The 52-week low for Finolex Cables share price was Rs. 774.05 and 52-week high was Rs. 1219.