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Finolex Cables
SectorCapital Goods
Finolex Cables Limited, established in 1958, is India's largest manufacturer of electrical and telecommunication cables. The company produces electrical cables, communication cables, and other electrical appliances at facilities in Goa, Maharashtra, and Uttarakhand. It also manufactures continuous cast copper rods at its Goa plant. Finolex has expanded into Fast-Moving Electrical Goods, offering products such as switches, LED lamps, fans, MCBs, water heaters, and PVC conduit pipes. The company has entered joint ventures and collaborations to enhance its product range and technological capabilities. Finolex has diversified its portfolio to include high voltage power cables, optical fiber cables, and various consumer electrical products. The company has also invested in solar power and established retail stores called Finolex Houses to strengthen its market presence.
In the news
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Finolex Cables hits 52-week high at ₹1,498, gains 40% in month
Finolex Cables Stock Rallies 60% in 2026; Jefferies Sees Growth
Finolex Cables Hits 52-Week High, Jefferies Maintains Buy Rating
Finolex Cables hits 52-week high for second straight session after Q1 PAT climbs 53% YoY to ₹249 cr
Finolex Cables, Zydus Wellness among top NSE Small-Cap gainers
Finolex Cables Q3 profit jumps 11.40% to ₹164 crore
The Quarter story
The two most recent quarterly results, compared side-by-side.
Finolex Cables delivers strong revenue and profit growth driven by its electrical cable segment, supported by robust cash reserves and completed capacity expansions.
Profit after tax grows from ₹139 Cr in Q1 FY26 to ₹249 Cr in Q1 FY27, demonstrating strong bottom-line recovery.
Inventories climb from ₹757.34 Cr in Q1 FY26 to ₹1,023.17 Cr in Q4 FY26, indicating rising stock levels.
Cash reserves surge from ₹44.60 Cr in Q1 FY26 to ₹163.13 Cr in Q4 FY26, signaling strong liquidity.
Cost of materials rises from ₹1,142.50 Cr in Q1 FY26 to ₹1,695.44 Cr in Q4 FY26, reflecting input inflation.
Property, plant, and equipment expands from ₹558.04 Cr in Q1 FY26 to ₹831.42 Cr in Q4 FY26, indicating significant capacity expansion.
Trade receivables increase from ₹250.02 Cr in Q1 FY26 to ₹370.08 Cr in Q4 FY26, signaling slower customer collections.
EBITDA rises from ₹185 Cr in Q1 FY26 to ₹285 Cr in Q1 FY27, showing resilient operating cash generation.
Company insights, generated from the most recent coverage.
Copper at ~$15,000/tonne versus $7,000-8,000 two years ago means Finolex's working-capital intensity and margin visibility are structurally worse than in the prior cycle, regardless of demand strength.
Down 4.45% to ~₹1,417 on volume 55.6% above the 1-month average — heavy-volume breakdown near the 52-week high signals institutional distribution, not retail panic.
Hyperscaler commitments of USD 5-6 billion in Indian data centres plus the Andhra Pradesh revenue target raised from ₹300 crore to ₹450-500 crore for FY27 make communication cables, not house wire, the earnings driver from here.