details

Peer companies

;

Share Market News

Finolex Cables is currently trading at Rs. 408.30, up by 8.45 points or 2.11% from its previous closing of Rs. 399.85 on the BSE.The scrip opened at Rs. 403.00 and has touched a high and low of Rs. 410.05 and Rs. 403.00 respectively. So far 2649 shares were traded on the counter.The BSE group `A` stock of face value Rs. 2 has touched a 52 week high of Rs. 506.75 on 20-Mar-2019 and a 52 week low of Rs. 334.95 on 15-Oct-2019.Last one week high and low of the scrip stood at Rs. 410.05 and Rs. 357.50 respectively. The current market cap of the company is Rs. 6245.28 crore.The promoters holding in the company stood at 35.92%, while Institutions and Non-Institutions held 27.12% and 36.96% respectively.Finolex Cables has launched Industrial Switchgears, which is manufactured with the latest technology, these will be available in differential ratings, ranging from 63 to 800 Amps in various pole configurations. The switchgears have been introduced in 5 different frame sizes across the country. The company has entered into the MCCB product category to strengthen its presence in the domestic and industrial switchgear market.The MCCB launch will further strengthen the switchgear basket of the company and will give the company access to the enormous and robust Industrial switchgear market to serve its retail and panel builder clients.Finolex Cables is India`s largest and leading manufacturer of electrical and telecommunication cables.

Finolex Cables is currently trading at Rs. 361.75, up by 6.15 points or 1.73% from its previous closing of Rs. 355.60 on the BSE.The scrip opened at Rs. 359.00 and has touched a high and low of Rs. 367.00 and Rs. 359.00 respectively. The BSE group `A` stock of face value Rs. 2 has touched a 52 week high of Rs. 506.75 on 20-Mar-2019 and a 52 week low of Rs. 334.95 on 15-Oct-2019.Last one week high and low of the scrip stood at Rs. 367.00 and Rs. 353.00 respectively. The current market cap of the company is Rs. 5438.52 crore.The promoters holding in the company stood at 35.92%, while Institutions and Non-Institutions held 27.12% and 36.96% respectively.Finolex Cable has introduced a fast-moving range of electrical wire accessories like door bell, extension box, spike guard, angle holders, batten holders, etc. to satisfy the growing demand for quality electrical products. The company has been steadily expanding into the electrical segment with a product range that includes electric water heaters, fans, miniature circuit breakers, switches and lighting products. The company`s rapid and industry-leading growth has been the outcome of a well-formulated strategy for setting up modern, well-equipped plants and regular capacity expansion in alignment with market requirements.Finolex Cables is India`s largest and leading manufacturer of electrical and telecommunication cables.

The company witnessed a 6.41% growth in the revenue at Rs. 7911.80 millions for the quarter ended June 2018 as compared to Rs. 7435.20 millions during the year-ago period.The Company`s Net profit for the June 2018 quarter have declined marginally to Rs. 903.40  millions as against Rs. 1019.00 millions reported during the corresponding quarter ended.Operating Profit saw a handsome growth to 1498.80 millions from 1413.30 millions in the quarter ended June 2018. (Rs. in Million) Quarter ended Year to Date Year ended 201806 201706 % Var 201806 201706 % Var 201803 201703 % Var Sales 7911.80 7435.20 6.41 7911.80 7435.20 6.41 28842.30 26707.50 7.99 Other Income 201.00 313.10 -35.80 201.00 313.10 -35.80 1274.00 1002.10 27.13 PBIDT 1498.80 1413.30 6.05 1498.80 1413.30 6.05 5497.20 4716.40 16.55 Interest 3.00 0.00 0.00 3.00 0.00 0.00 14.40 42.90 -66.43 PBDT 1495.80 1413.30 5.84 1495.80 1413.30 5.84 5482.80 4673.50 17.32 Depreciation 97.40 118.20 -17.60 97.40 118.20 -17.60 438.00 480.30 -8.81 PBT 1398.40 1295.10 7.98 1398.40 1295.10 7.98 5044.80 4193.20 20.31 TAX 495.00 276.10 79.28 495.00 276.10 79.28 1462.80 1034.40 41.42 Deferred Tax 55.00 19.00 189.47 55.00 19.00 189.47 146.20 -46.30 -415.77 PAT 903.40 1019.00 -11.34 903.40 1019.00 -11.34 3582.00 3158.80 13.40 Equity 305.90 305.90 0.00 305.90 305.90 0.00 305.90 305.90 0.00 PBIDTM(%) 18.94 19.01 -0.34 18.94 19.01 -0.34 19.06 17.66 7.93

Finolex Cables is currently trading at Rs. 677.95, down by 7.90 points or 1.15% from its previous closing of Rs. 685.85 on the BSE.The scrip opened at Rs. 699.80 and has touched a high and low of Rs. 699.80 and Rs. 664.80 respectively. So far 36761 shares were traded on the counter.The BSE group `A` stock of face value Rs. 2 has touched a 52 week high of Rs. 750.00 on 19-Jan-2018 and a 52 week low of Rs. 453.90 on 01-Aug-2017.Last one week high and low of the scrip stood at Rs. 699.80 and Rs. 660.00 respectively. The current market cap of the company is Rs. 10489.34 crore.The promoters holding in the company stood at 37.33%, while Institutions and Non-Institutions held 27.76% and 34.92% respectively.The company has reported a rise of 8.35% in its net profit at Rs 81.76 crore for the quarter ended March 31, 2018 as compared to Rs 75.46 crore for the same quarter in the previous year. Total income of the company increased by 2.60% at Rs 819.57 crore for the quarter under review as compared to Rs 798.82 crore for the quarter ended March 31, 2017.For the year ended March 31, 2018, the company has posted a rise of 13.40% in its net profit at Rs 358.20 crore as compared to Rs 315.88 crore for the previous year. Total income of company increased by 8.69% at Rs 3011.63 crore for the year under review as compared to Rs 2770.96 crore for the year ended March 31, 2017.

With no major difference for the quarter endedMarch 2018 , the total revenue stood at Rs. 7959.60  millions.The Company has registered profit of Rs. 817.60  millions for the quarter ended March 2018, a growth of 8.35%  over Rs. 754.60 millions millions achieved in the corresponding quarter of last year.OP of the company witnessed a marginal growth to 1389.90 millions from 1153.00 millions in the same quarter last year. (Rs. in Million) Quarter ended Year to Date Year ended 201803 201703 % Var 201803 201703 % Var 201703 201603 % Var Sales 7959.60 7846.10 1.45 28842.30 26707.50 7.99 26707.40 25747.30 3.73 Other Income 236.10 142.10 66.15 1274.00 1002.20 27.12 1002.00 644.40 55.49 PBIDT 1389.90 1153.00 20.55 5497.20 4716.60 16.55 4716.50 4033.30 16.94 Interest 14.40 5.50 161.82 14.40 42.90 -66.43 42.90 89.50 -52.07 PBDT 1375.50 1147.50 19.87 5482.80 4673.70 17.31 4673.60 3943.80 18.50 Depreciation 98.70 125.10 -21.10 438.00 480.40 -8.83 480.30 579.90 -17.18 PBT 1276.80 1022.40 24.88 5044.80 4193.40 20.30 4193.30 3363.90 24.66 TAX 459.20 267.80 71.47 1462.80 1034.60 41.39 1034.40 875.50 18.15 Deferred Tax -50.00 -80.10 -37.58 146.20 -46.30 -415.77 -40.60 -70.60 -42.49 PAT 817.60 754.60 8.35 3582.00 3158.80 13.40 3158.90 2488.40 26.95 Equity 305.90 305.90 0.00 305.90 305.90 0.00 305.90 305.90 0.00 PBIDTM(%) 17.46 14.70 18.83 19.06 17.66 7.92 17.66 15.66 12.74

The revenue slipped marginally during the December 2017 quarter. A decline of about Rs. 6567.80 millions was observed as compared to Rs. 6753.40 millions during the corresponding quarter last year.The Company has registered profit of Rs. 748.70  millions for the quarter ended December 2017, a growth of 9.40%  over Rs. 684.40 millions millions achieved in the corresponding quarter of last year.Operating Profit saw a handsome growth to 1158.80 millions from 970.60 millions in the quarter ended December 2017. (Rs. in Million) Quarter ended Year to Date Year ended 201712 201612 % Var 201712 201612 % Var 201703 201603 % Var Sales 6567.80 6753.40 -2.75 20882.70 18861.40 10.72 26707.40 25747.30 3.73 Other Income 178.00 169.10 5.26 1037.90 860.10 20.67 1002.00 644.40 55.49 PBIDT 1158.80 970.60 19.39 4107.30 3563.60 15.26 4716.50 4033.30 16.94 Interest 0.00 12.50 0.00 0.00 37.40 -100.00 42.90 89.50 -52.07 PBDT 1158.80 958.10 20.95 4107.30 3526.20 16.48 4673.60 3943.80 18.50 Depreciation 106.50 119.00 -10.50 339.30 355.30 -4.50 480.30 579.90 -17.18 PBT 1052.30 839.20 25.39 3768.00 3171.00 18.83 4193.30 3363.90 24.66 TAX 303.60 154.80 96.12 1003.60 766.80 30.88 1034.40 875.50 18.15 Deferred Tax 176.20 14.60 1106.85 196.20 33.80 480.47 -40.60 -70.60 -42.49 PAT 748.70 684.40 9.40 2764.40 2404.20 14.98 3158.90 2488.40 26.95 Equity 305.90 305.90 0.00 305.90 305.90 0.00 305.90 305.90 0.00 PBIDTM(%) 17.64 14.37 22.75 19.67 18.89 4.10 17.66 15.66 12.74

The company witnessed a 24.63% growth in the revenue at Rs. 7435.20 millions for the quarter ended June 2017 as compared to Rs. 5965.70 millions during the year-ago period.Handsome Net Profit growth of 51.68% reported above the corresponding previous quarter figure of Rs. 1019.00 millions to Rs. 671.80 millions.The company reported a good operating profit of 1413.30 millions compared to 1042.90 millions of corresponding previous quarter. (Rs. in Million) Quarter ended Year to Date Year ended 201706 201606 % Var 201706 201606 % Var 201703 201603 % Var Sales 7435.20 5965.70 24.63 7435.20 5965.70 24.63 26707.40 25747.30 3.73 Other Income 313.10 138.70 125.74 313.10 138.70 125.74 1002.00 644.40 55.49 PBIDT 1413.30 1042.90 35.52 1413.30 1042.90 35.52 4716.50 4033.30 16.94 Interest 0.00 12.40 -100.00 0.00 12.40 -100.00 42.90 89.50 -52.07 PBDT 1413.30 1030.50 37.15 1413.30 1030.50 37.15 4673.60 3943.80 18.50 Depreciation 118.20 117.80 0.34 118.20 117.80 0.34 480.30 579.90 -17.18 PBT 1295.10 912.70 41.90 1295.10 912.70 41.90 4193.30 3363.90 24.66 TAX 276.10 240.90 14.61 276.10 240.90 14.61 1034.40 875.50 18.15 Deferred Tax 19.00 2.80 578.57 19.00 2.80 578.57 -40.60 -70.60 -42.49 PAT 1019.00 671.80 51.68 1019.00 671.80 51.68 3158.90 2488.40 26.95 Equity 305.90 305.90 0.00 305.90 305.90 0.00 305.90 305.90 0.00 PBIDTM(%) 19.01 17.48 8.73 19.01 17.48 8.73 17.66 15.66 12.74

Finolex Cables has informed that pursuant to the recommendation of the Nomination & Remuneration Committee, the Board of Directors of the Company at its Meeting held on February 14, 2017 has, with immediate effect, appointed Sumit Niranjan Shah as an Additional Director on the Board.The above information is a part of company’s filings submitted to BSE.

Finolex Cables has informed that the Meeting of the Board of Directors of the Company in the financial year 2016-17 is scheduled to be held on November 10, 2016, to consider and take on record the Company’s standalone Unaudited Financial Results (Provisional) for the quarter/half year ended September 30, 2016 (Q2) and to approve the text of the advertisement to be released in this regard.The above information is a part of company’s filings submitted to BSE.

Finolex Cables has informed that in view of preparation and declaration of standalone Unaudited Financial Results (Provisional) for the quarter/period ended September 30, 2016 (Financial Year 2016-17), the Trading Window would remain closed with effect from October 10, 2016 till after the Unpublished Price Sensitive Information (‘UPSI’) pertaining to the Company is taken on record by the Board of Directors of the Company (the ‘Board’) at its meeting scheduled for November 10, 2016 and is thereafter disseminated in the public domain by the Company latest by 48 hours after the said Board Meeting.The above information is a part of company’s filings submitted to BSE.

Finolex Cables is currently trading at Rs 433.25, up by 1.80 points or 0.42% from its previous closing of Rs 431.45 on the BSE.The scrip opened at Rs. 433.50 and has touched a high and low of Rs. 435.15 and Rs. 430.50 respectively. So far 527 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs 456.00 on 19-Sep-2016 and a 52 week low of Rs. 201.00 on 20-Jan-2016.Last one week high and low of the scrip stood at Rs. 446.90 and Rs. 428.40 respectively. The current market cap of the company is Rs. 6626.10 crore.The promoters holding in the company stood at 37.33%, while Institutions and Non-Institutions held 25.36% and 37.32% respectively.Finolex Cables has decided to launch Electric Water Heaters in the domestic market on October 1, 2016. Earlier this month, the company had launched low voltage circuit breaker - Miniature Circuit Breaker (MCB) and Distribution Boards (DB) in the domestic market. Finolex Cables is part of the diversified Finolex Group. The company manufactures wide range of cables such as PVC insulated electrical cables, Flameguard - FRLS cables, auto and battery cables, PVC winding wires etc.

Finolex Cables has informed about Product launch of Electric Water Heaters by the Company.The above information is a part of company’s filings submitted to BSE.