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

Finolex Cables Ltd.

NSE: FINCABLES | BSE: 500144 | ISIN: INE235A01022 | Industry: Wires & Cables
| Mid-range Performer

893.0500 -3.40 (-0.38%)

NSE Apr 17, 2025 15:31 PM

47.47% Fall from 52W High

Volume: 186.5K

Finolex Cables Ltd.

01 Jul 2020

893.05

-0.38%

Finolex Cables

Hold: Finolex Cables Ltd.

Target

Sharekhan

The revenues of Finolex Cables Limited (Finolex) declined by 20.9%y-o-y (inline with estimates) impacted mainly due to COVID-19 related disruptions (sales loss estimated at Rs 200 crore in Q4FY20). The revenue of the electrical cable segment r declined 24% y-o-y, affected by a slowdown in the industrial sectors. The communication cable segment revenue remained largely flat y-o-y, all products (barring LAN & Optic Fiber Cables) declined during the quarter by 25% to 30%. LAN and Optic fiber cable (OFC) segments grew by 40% y-o-y during the quarter, while other segments comprising fans and lightings, among others, increased by more than 20% y-o-y to Rs. 22.7crore on a...

Finolex Cables Ltd. is trading above its 50 day SMA of 890.2