Finolex Cables Ltd. News and Updates

Name: Latest research reports of Finolex Cables Ltd. authored by Geojit BNP Paribas and published by - Trendlyne research reports.
Item: Finolex Cables Ltd.
Rating: 5
Author: Geojit BNP Paribas

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

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Finolex Cables Ltd.

07 Sep 2018

875.60

2.18%

Broker's Call: Finolex Cables (Buy)

Business Line

Anand RathiFinolex Cables (Buy)CMP: 559.10Target: 649Finolex Cables Ltd is a manufacturer of electrical and communication cables, and copper rods.

Finolex Cables Ltd. is trading below its 50 day SMA of 896.2

Finolex Cables Ltd.

03 Sep 2018

875.60

2.18%

FINOLEX CABLE

Buy: 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. Q1FY19 revenue and EBITDA grew by robust 17% & 18% YoY respectively, but PAT declined by 11% YoY owing to higher tax expenses. EBITDA margin improved by 10bps YoY to 16.4% led by lower cost....

Finolex Cables Ltd. has lost -32.55% in the last 6 Months

Finolex Cables Ltd.

17 Aug 2018

875.60

2.18%

Finolex Cables Ltd: Higher Tax Provision Impacted Bottom Lin...

Hold: Finolex Cables Ltd.

Target

Karvy

Higher Tax Provision Impacted Bottom Line; Finolex top line grew by 6.4% YoY on the back of strong performance from Electrical cables which grew by 11.6%.

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

Finolex Cables Ltd.

30 May 2018

875.60

2.18%

Finolex Cables Ltd: Volume and Revenue Growth Across Segment...

Hold: Finolex Cables Ltd.

Karvy

Volume and Revenue Growth Across Segments: Finolex top line grew by 12.2% YoY on the back of strong performance from communication cable which grew by 16.6% and electrical cable showing a growthof 7.5%.

Finolex Cables Ltd. has lost -32.55% in the last 6 Months

Finolex Cables Ltd.

06 Mar 2018

875.60

2.18%

FINOLEX CABLE

Accumulate: Finolex Cables Ltd.

Geojit Research

Finolex Cables Ltd (FCL) is India's largest manufacturer of electrical (85% of revenue) and telecommunication cables (9%). FCL has a wide distribution network with a high brand recall....

Finolex Cables Ltd. is trading below its 50 day SMA of 896.2

Finolex Cables Ltd.

14 Feb 2018

875.60

2.18%

Finolex Cables Ltd: Margins maintained despite higher input ... (Feb 14, 2018)

Hold: Finolex Cables Ltd.

Target

Karvy

Margins maintained despite higher input cost: Finolex top line grew by 10.7% for 9MFY18 which was in line with expectations on the back of strong performance from communication cable which grew by 34.6%. However electrical cable segment has grown by 5.3% due to lower volumes on account of high GST rates which are now normalised.

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

Finolex Cables Ltd.

21 Nov 2017

875.60

2.18%

Finolex Cables Ltd: Healthy Performance Amid Tepid Market (Nov 21, 2017)

Hold: Finolex Cables Ltd.

Recommendation Target

Karvy

Healthy Performance Amid Tepid Market : Finolex posted strong set of Q1FY18 numbers growing across all products and segments. Net sales for the quarter ended Sept 2017 were Rs. 6880 Mn as against Rs. 6142 Mn representing 12.0% YoY growth in value terms. The revenues have grown by 18.2% in H1FY18 when compared to respective period last year.

Finolex Cables Ltd. has lost -32.55% in the last 6 Months

Finolex Cables Ltd.

11 Aug 2017

875.60

2.18%

Finolex Cables Ltd: Strong Performance Amid Tepid Market (Aug 11, 2017)

Buy: Finolex Cables Ltd.

Karvy

Strong Performance Amid Tepid Market:Finolex came out with strong set of Q1FY18 numbers growing across all products and segments amid a very tepid market due to disruption and de-stocking caused by GST roll out. Net sales for the quarter ended June 2017 were Rs. 7435 Mn as against Rs. 5966 Mn in Q1FY17 representing 24.6% YoY growth in value terms.

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

Finolex Cables Ltd.

05 Jun 2017

875.60

2.18%

Finolex Cables Ltd: Strong Growth Prospects with New Product Lines (Jun 05, 2017)

Buy: Finolex Cables Ltd.

Recommendation Target

Karvy

Strong Growth Prospects with New Product Lines Net sales for Q4FY17 were Rs. 7846 Mn as against Rs. 7119 Mn representing 10.2% YoY growth in value terms. In volume terms, there was a marginal growth in electrical cables; whereas in communication cables, there was a growth of more than 30.0%. Profit before tax for the quarter has reached Rs.1023Mn as comparedto Rs. 1140 Mn in Q4FY16 showing a decline of 10.3%.

Finolex Cables Ltd. is trading above its 30 day SMA of 856.4

Finolex Cables Ltd.

29 Nov 2016

875.60

2.18%

Finolex Cables Ltd: Outshines on Lower Raw Material Prices (Nov 29, 2016)

Hold: Finolex Cables Ltd.

Recommendation Target

Karvy

Outshines on Lower Raw Material Prices: Net sales for Q2FY17 were Rs. 6142 Mn as against Rs. 6405 Mn for Q2FY16 representing a 4.1% YoY decline in value terms. The low growth in sales was primarily due to fall in pricing. In volume terms, however there was a 18.0% growth in Electrical cables, 2.0% growth in high voltage power cables and in communicationcables there was a growth of more than 12.0%.

Finolex Cables Ltd. is trading above its 30 day SMA of 856.4

Is Finolex Cables Ltd. worth buying?

188 Votes:

Buy 78.72%

Sell 13.3%

Hold 7.98%

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