NSE: FINCABLES | BSE: 500144

Falling Comet

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868.45 -7.65 (-0.87%)

New 52W Low in past week

618.2K NSE+BSE Volume

NSE 19 Mar, 2025 3:55 PM (IST)

13,282

Market Cap

High in industry

1.1

Beta 1Year

High Volatility

Finolex Cables Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for FINCABLES, BSE:500144 Finolex Cables Ltd.

Finolex Cables Ltd.

14 Feb 2018

868.45

-0.87%

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

868.45

-0.87%

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 -38.14% in the last 6 Months

Finolex Cables Ltd.

11 Aug 2017

868.45

-0.87%

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

868.45

-0.87%

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. has lost -28.48% in the last 3 Months

Finolex Cables Ltd.

29 Nov 2016

868.45

-0.87%

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. has lost -28.48% in the last 3 Months

Finolex Cables Ltd.

01 Jul 2016

868.45

-0.87%

Finolex Cables Ltd: Strong Performance Amid Subdued Market (Jun 14, 2016)

Buy: Finolex Cables Ltd.

Karvy

Standalone net sales for Q4FY16 were Rs.6807 mn as against Rs.6582 mn representing 3.4% YoY growth in value terms. The low growth in sales was primarily due to fall in commodity prices. In volume terms, however there was a 12.0% QoQ growth in Electrical cables; and in the communication cables, there was a QoQ growth of more than 20.0%. Profit before tax for Q4FY16 has reached Rs.1106mn as compared to Rs.683 mn in Q4FY15 showing a growth of 61.9%.Karvy maintain "BUY" rating for a upward revised target price of Rs.412 representing an upside potential of 20% for a 9-12 months period.

Trendlyne has 8 reports on FINCABLES updated in the last year from 3 brokers with an average target of Rs 385.5. Brokers have a rating for FINCABLES with 1 price downgrade and 1 price upgrade in past 6 months.

Finolex Cables Ltd. has lost -28.48% in the last 3 Months

Finolex Cables Ltd.

14 Jun 2016

868.45

-0.87%

Finolex Cables Ltd: Strong Performance Amid Subdued Market (Jun 14, 2016)

Buy: Finolex Cables Ltd.

Karvy

Finolex Cables Ltd. has lost -28.48% in the last 3 Months

Finolex Cables Ltd.

31 May 2016

868.45

-0.87%

Finolex Cables Ltd

Neutral: Finolex Cables Ltd.

Angel Broking

Finolex Cables (FCL) has posted an impressive set of numbers for 4QFY2016 on the margin and the bottom-line front. The standalone top-line for the quarter grew by 3.4% yoy to Rs681cr. Electrical cables volumes grew by 12% yoy while that of Communications cables grew by more than 20% yoy, during the quarter. The raw material cost declined ..

Finolex Cables Ltd. is trading below all available SMAs

Finolex Cables Ltd.

31 May 2016

868.45

-0.87%

Finolex Cables Ltd: Strong Performance Amid Subdued Market (May 31, 2016)

Buy: Finolex Cables Ltd.

Target

Karvy

Finolex Cables Ltd. has lost -28.48% in the last 3 Months

Finolex Cables Ltd.

11 Apr 2016

868.45

-0.87%

Finolex Cables Ltd: Wired for Growth (Apr 11, 2016)

Buy: Finolex Cables Ltd.

Karvy

Capex cycle to derive growth: The company is catering to the segments like agriculture, construction, power etc which require huge capex. The company has evolved from a wire and cables company into an electrical product company with the launch of various products like switches and LED bulbs. This is expected to derive earnings for the company in coming years. With the increased focus on industrial and infrastructure sectors, FCL is well placed to reap the benefits of the same.

Finolex Cables Ltd. is trading below all available SMAs

No results found

Is Finolex Cables Ltd. worth buying?

184 Votes:

Buy 78.8%

Sell 13.04%

Hold 8.15%

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