Finolex Cables Ltd. News and Updates

Name: Latest research reports of Finolex Cables Ltd. authored by Sharekhan and published by - Trendlyne research reports.
Item: Finolex Cables Ltd.
Rating: 3
Author: Sharekhan

Keep track of all breaking news on Finolex Cables Ltd. from all sources in a single place.

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Finolex Cables Ltd.

29 Jun 2020

878.35

-3.73%

Finolex Cables Standalone March 2020 Net Sales at Rs 651.44 crore, down 20.85% Y-o-Y

Moneycontrol

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Finolex Cables Ltd. is trading below its 50 day SMA of 907.0

Finolex Cables Ltd.

20 Dec 2019

878.35

-3.73%

Why shares of Finolex Cables are lacking the power in fiscal 2020

livemint

The fast-moving electrical goods segment is posting a loss at the earnings before interest and tax level.The electrical cables business, which contributed about 71% of revenues for H1 FY20, grew by a subdued 4.5% y-o-y

Finolex Cables Ltd. has an average target of 1410.33 from 3 brokers.

Finolex Cables Ltd.

25 Nov 2019

878.35

-3.73%

Hold Finolex Cables target of Rs 390: Sharekhan

Moneycontrol

Sharekhan recommended hold rating on Finolex Cables with a target price of Rs 390 in its research report dated November 20, 2019.

Finolex Cables Ltd. is trading below its 50 day SMA of 907.0

Finolex Cables Ltd.

21 Nov 2019

878.35

-3.73%

Will Finolex Cables' expansion plan help?

Business Line

Finolex Cables, manufacturer of electrical and communication cables, has introduced a fast-moving range of electrical wire accessories such as door b

Finolex Cables Ltd. has lost -36.39% in the last 6 Months

Finolex Cables Ltd.

20 Nov 2019

878.35

-3.73%

Finolex Cables

Hold: Finolex Cables Ltd.

Target

Sharekhan

Finolex Cables Limited (Finolex) reported weak results for Q2FY2020. Revenue remained flat y-o-y (4% below our estimates) due to lower offtake from the automobile, industrial and communication sectors. The electrical cable segment's revenue increased by 4.6% y-o-y, affected by slowdown in the automobile and industrial sectors, while electrical wires and agri applications witnessed healthy volume growth. The communication cable segment continued to disappoint with revenue declining by 17.9% y-o-y, wherein optic fibre cable (OFC) volumes were impacted by slowdown in...

Finolex Cables Ltd.'s price crossed below 50Day SMA today

Finolex Cables Ltd.

21 Aug 2019

878.35

-3.73%

Finolex Cables

Hold: Finolex Cables Ltd.

Target

Sharekhan

Finolex reported weak results wherein revenues grew by merely 2.1% (6% below our estimates) due to lower volume growth of 3% y-o-y in electrical wires hit by subdued construction activity and deceleration in OFC in communication segment. EBITDA declined 18% on higher other expenses including higher promotional expenses in its fast moving electronic goods (FMEG) segment leading to contraction of 328 bps y-o-y in EBIDTA margin to 13.1%. However, due to lower ETR (31% v/s 35% in Q1FY19) the decline in PAT was restricted to 10% y-o-y to Rs...

Finolex Cables Ltd. is trading below its 50 day SMA of 907.0

Finolex Cables Ltd.

30 May 2019

878.35

-3.73%

Finolex Cables

Hold: Finolex Cables Ltd.

Target

Sharekhan

(up 3.4% y-o-y), led by a marginal growth in electrical cable segment (up 6% y-o-y, over 80% of revenue) and new products (lup 10.4% y-o-y with less than 5% share) and decline in communication cable segment's revenue (down 15.4% y-o-y). Volumes in the electrical cables business grew by 18% y-o-y, while power cable volumes fell marginally. The communication...

Finolex Cables Ltd.'s price crossed below 50Day SMA today

Finolex Cables Ltd.

28 Mar 2019

878.35

-3.73%

Finolex Cables

Hold: Finolex Cables Ltd.

Sharekhan

Limited (FCL) is expected to witness further delay in tendering of orders in the Bharat Net phase II and the time-frame for tendering these orders is still not clear. Going ahead, the impending elections will further slow the tendering process. In the consumer durables segment, demand pick-up is still slow and management's earlier target of Rs. 100 crore...

Finolex Cables Ltd. is trading below its 50 day SMA of 907.0

Finolex Cables Ltd.

21 Feb 2019

878.35

-3.73%

FINOLEX CABLE

Accumulate: Finolex Cables Ltd.

Recommendation Target

Geojit BNP Paribas

Finolex Cables Ltd (FCL) is India's largest manufacturer of electrical (80% of revenue) and telecommunication cables (16%). FCL has a wide distribution network with a high brand recall....

Finolex Cables Ltd.'s price crossed below 50Day SMA today

Finolex Cables Ltd.

21 Nov 2018

878.35

-3.73%

Finolex Cables Ltd: Volumes Impacted but Set to Recover in H2FY19

Buy: Finolex Cables Ltd.

Recommendation Target

Karvy

Volumes Impacted but Set to Recover in H2FY19: Finolex top line grew marginally by 3.8% YoY on the back of strong performance from communication cables which grew by 14.3%. The growth was lower due to tepid performance of electrical segment.