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FINOLEX CABLES LTD.332.00 1.90 (0.58%)

  • BSE: 500144
  • |
  • NSE: FINCABLES
  • |
  • ISIN NO: INE235A01022
  • |
  • INDUSTRY: Other Elect.Equip./ Prod.
Profile

FINCABLES

FINCABLES

In 1958, the Finolex Cables, which is the flagship company of the Finolex Group, was established in Pune. Currently, it is India's largest and leading manufacturer of electrical and telecommunication cables with an annual turnover in excess of INR16 Billion (or the US $ 320 million). It has its manufacturing facilities being located at Pimpri and Urse in Pune and at Goa & Uttarakhand. It has, over the years, established its reputation like an innovativ ... e leader as well as a quality manufacturer by constantly updating its technology, modernizing the manufacturing facilities, and managing the highest standards of quality and services. Each cable is being manufactured using bright annealed electrolytic grade copper that is 99.97% pure, and it is manufactured in house and is insulated, along with virgin grade PVC (or being manufactured by group company Finolex Industries that is being formulated in–house).

The business of the company:

It started its operations with the manufacturing of PVC insulated electrical cables for the automobile sector of the country. Since then, it has constantly strived to expand its product range to include, PVC insulated single-core and multicore industrial flexible cables, PVC insulated electrical wires and Flame Retardant Low Smoke electrical wires, Rodent Repellent Multicore Flexible Cables, PVC Insulated Winding Wires and the 3 Core Flat Cables, XLPE 3 Core Flat Cables, Power and Control Cables, the High Voltage Power Cables (Up to 33 kV), Auto & Battery Cables, Polyethylene Insulated Jelly Filled Telephone Cables, Coaxial and CATV cables, LAN Cables, Switchboard Cables, Fibre Optic Cables and many more.

Some of the Group Companies:

  • Finolex Industries
  • Finolex J–Power Systems
  • Finolex Plasson Industries

Some of the Achievements:

It has received the certification of ISO 9002 for about all the product lines and plants. And besides ISO 14001–quality certification has been granted to its plants in Urse (the JFTC & Co-Axial) and Goa (the JFTC & HW) and Pimpri. It has also received many honors such as the Harvard Business School Association of India - the Economic Times award for the 'corporate excellence'; IIM - LIC award for the 'marketing' and the Engineering Export Promotion Council's for the 'export performance certificate.' It has also been awarded the Export House status from the Directorate General of Foreign Trade.

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Key Data
  • Market cap 4275.00 CR.
  • Book value 177.76
  • Stock P/E 14
  • Dividend Yield 1.96%
  • ROCE 19.47%
  • ROE 15.61%
  • Sales Growth (3Y) 5.58%
  • Face Value (3Y) 2.00
Trend Analysis
  • Short Term Trend :
    Up
  • Medium Term Trend :
    Up
  • Long Term Trend :
    Not Clear

Are you friends with trend?

There is a saying in stock market, "Trend is your best friend"

It means, a good trader doesn't place his money against the trend. Many new traders lose money because they are trying to catch trend reversals but seasoned traders wait for a clear trend to emerge before taking the trade in the direction of trend.

Day Technicals

What is Opening Range Breakout?

An opening range breakout is breaking out of the day's range after a stock has moved for some time in a sideways trend. In technical terms, its a breakout from the support and resistance level in an upward or downward trend.

NR7

What is NR7 trading strategy?

Narrow Range trading strategy or NR7 Trading strategy is a breakout based method which assumes that the price of security trends up or down after a brief consolidation in a narrow range.

Opening Price clues

How to use Opening Price Clues in your trades?

If the stock has same open and high after it has traded for some time, it implies there was a consistent selling pressure that didn't allow the stock to move higher from the opening price. Similarly, if the stock has same open and low price, it implies there was a consistent buying intent that kept the stock price above the opening price.

Day High Low Range
TIME LOWEST HIGHEST
10 AM - -
11 AM - -
12 PM - -
1 PM - -
2 PM - -
Japanese Candlestick Patterns
Candle Pattern 1 :None
Candle Pattern 2 : None
Candle Pattern 3 :None
Candlestick Price Action
Pivot Points
Name S4 S3 S2 S1 Pivot Points R1 R2 R3 R4
classic 298.17 309.87 321.57 325.83 333.27 337.53 344.97 356.67 368.37
woodie's 310.74 322.44 325.72 334.15 337.42 345.85 349.12 357.55 369.25
fibonacci - 321.57 326.03 328.80 333.27 337.74 340.50 344.97 -
camarilla 323.66 326.88 327.96 329.03 -- 331.17 332.24 333.32 336.54
Past Performance & Moving Averages
Day’s LOW HIGH RANGE SMA PERFORMANCE Nifty
10 DAY 280.00
346.35
305.94 15.42 % 1.20 %
20 DAY 272.00
346.35
291.63 20.19 % 2.63 %
50 DAY 255.50
346.35
283.43 21.81 % 12.63 %
100 DAY 255.50
346.35
282.29 10.77 % 14.59 %
200 DAY 162.40
392.95
271.30 65.46 % 49.13 %
YTD 162.40
429.95
289.05 -19.35 % 7.96 %
52 Week 162.40
465.00
321.43 -19.35 % 9.46 %

Why are moving Averages important in technical Analysis?

An opening range breakout is breaking out of the day's range after a stock has moved for some time in a sideways trend. In technical terms, its a breakout from the support and resistance level in an upward or downward trend.

Gaps On Day Chart
Unfilled Gap Up On 2020-06-02
227.10 ~ 223.20 SUPPORT
Unfilled Gap Up On 2020-05-29
209.00 ~ 206.35 SUPPORT
Industry Growth Rate

In Last 1 Year the industry has grown by 23.31 %

In Last 5 Year the industry has grown by 3.68 %

Peer comparison

Sales

COMPANY NAME201420152016201720182019
FINCABLES 2360.002445.002815.003078.00
POLYCAB3986.004707.005202.005500.006770.007956.00
KEI2033.002351.002628.003466.004231.00
HAVELLS8051.008468.007594.006130.008116.0010045.00
APARINDS4628.005108.005078.004832.005818.007964.00
Total 4517.00 4307.00 5397.00 6654.80 5555.00 5079.00

Financial

LAST FISCAL CURRENT GROWTH 10 YEAR CAGR
S.NO. COMPANY NAME MARKET CAP CMP BOOK VALUE EPS STOCK P/E ROE ICR REVENUE NET PROFIT NPM REVENUE NET PROFIT REVENUE NET PROFIT
1 GENUS POWER INFRASTRUCTURES LTD.-$ 37510.69 14.50 32.59 2.09 13.78 2.09 3.32% 1055.00 48.00 4.55% 26.35%
2 UNIVERSAL CABLES LTD. 34399.81 99.00 122.03 39.15 4.34 3.89 2.82% 1415.00 136.00 9.61% 19.92% 63.86%
3 HBL POWER SYSTEMS LTD.-$ 33467.20 12.04 28.08 1.00 18.05 1.00 3.00% 1262.00 28.00 2.22% 0.14%
4 BHARAT BIJLEE LTD.-$ 36720.26 650.00 1483.00
5 HAVELLS INDIA LTD. 52056.61 832.45 68.39 12.57 49.41 12.48 74.31% 10045.00 786.00 7.82% 23.77% 18.73% 7.07%
6 HONEYWELL AUTOMATION INDIA LTD. 27336.78 30999.00 2179.00
7 Birla Cable Ltd 11987.60 39.85 54.08
8 Polycab India Ltd 14596.79 979.65 236.39 35.39 28.54 3.55 7.87% 7956.00 500.00 6.28% 17.52% 39.66%
9 Pitti Engineering Ltd-$ 7210.99 22.60 63.18
10 PARAMOUNT COMMUNICATIONS LTD.-$ 10648.38 6.23 9.04 1.70 4.47 0.85 5.25% 614.00 29.00 4.72% 41.80% 93.33%
11 Kirloskar Electric Company Ltd 5800.63 8.81 17.91 295.00
12 V-GUARD INDUSTRIES LTD. 8189.43 191.25 22.50 3.92 54.81 3.88 112.50% 2594.00 167.00 6.44% 11.52% 24.63%
13 WEBSOL ENERGY SYSTEM LTD. 4165.23 14.25 31.16
14 Veto Switchgears and Cables Ltd 5927.90 32.50 76.66 6.05 6.41 0.61 5.38% 218.30 11.57 5.30%
15 CORDS CABLE INDUSTRIES LTD. 3822.17 29.50 107.08
16 FINOLEX CABLES LTD. 5048.22 329.40 166.42 26.64 14.36 13.13 474.00% 3078.00 407.00 13.22% 9.34% 23.33%
17 KEI INDUSTRIES LTD. 3813.01 426.00 99.70 904.30 0.60 11.31 3.24% 4231.00 181.00 4.28% 22.07% 24.83%
18 DELTA MAGNETS LTD. 1207.36 18.65 45.11 0.48% 79.20 10.54%
19 EON ELECTRIC LTD. 920.59 5.51 45.16 77.00
20 BIL ENERGY SYSTEMS LTD. 1497.18 0.70 0.92
Sales

What is Sales Trend ?

Sales trend is a methodology to understand sales results which helps in understanding the trends of the market over a specific period of time. Sales results are an indicative of the sales patterns followed by the customer over a time period.

Profitability

What is Profit & EPS Trend ?

EPS Trends was initially built in late 2015 when I was just getting into frontend development. Coming from a background in Rails, I was frustrated with how many decisions you had to make early on as a javascript developer.

Net Profit
EPS

What is EBITDA Margin & EBIT Margin ?

Corporate accounting is required to adhere to the standards and practices collectively referred to as the generally accepted accounting principles. EBITDA is an excellent way for corporate accountants to start compiling data, but it should not be considered an absolute result. This is due to the fact that many consider EBITDA more of a broad stroke than a definitive form of accounting practice.

EBITDA Margin
EBIT Margin
NPM
Cash Flow

Why is the Cash Flow Analysis important?

A business needs cash to pay its expenses, to pay bank loans, to pay taxes and to purchase new assets. A cash flow report determines whether a business has enough cash to do exactly this.

Operating Activities
Financing Activities
Investing Activities
Financial Health

What Is Financial Health?

Financial health is a term used to describe the state of one's personal monetary affairs. There are many dimensions to financial health, including the amount of savings you have, how much you’re putting away for retirement, and how much of your income you are spending on fixed or non-discretionary expenses.

Debt to Equity
Piotroski Score
  • 0
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9

What Is the Piotroski Score?

The Piotroski score is a discrete score between 0-9 that reflects nine criteria used to determine the strength of a firm's financial position.

Altman Z Score (Mfg Company)
  • Distress (< 1.81)
  • Caution (>1.81 < 2.99)
  • 3.27
    Safe (3 & above)
Altman Z Score (Non-Mfg Company)
  • Distress ( < 1.23)
  • Caution (>1.23 < 2.6)
  • 4.99
    Safe (2.6 & above)
Valuation

What Is Valuation?

Valuation is the analytical process of determining the current (or projected) worth of an asset or a company. There are many techniques used for doing a valuation. An analyst placing a value on a company looks at the business's management, the composition of its capital structure, the prospect of future earnings, and the market value of its assets, among other metrics.

What is the significance of Rollover data?

Rollover in an important data point and should be analyzed in the expiry week. Rollover involves carry forwarding of ‘futures’ positions from one series (which is nearing expiry date) to the next one.

Rollover percentage actually indicates whether the traders are willing to carry forward their existing. positions (long or short) to the next series or not. Generally, the rollover figures alone will not indicate which direction traders are betting on. You should also check whether absolute open interest is increasing or decreasing over expiries

What is Options Max Pain Theory?

Options Max Pain Theory suggests,

“On option expiration day, the underlying stock price often moves toward a point that brings maximum loss to option buyers.”

Ratio Analysis

The Bank was incorporated in the year 2004 by Rana Kapoor and Late Ashok Kapur, which is a new age private sector bank. And since the inception of the bank has fructified into a “Full-Service Commercial Bank,” it has steadily built Corporate and Institutional Banking, Financial Markets, Investment Banking, Corporate Finance, Branch Banking, Business and Transaction Banking, and Wealth Management business lines across the whole country.

It is well-equipped to offer a spectrum of products and services to all the corporate and retail customers.

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Bulk Deals
Symbol Name Deal Date Client Name Transcation Type Quantity Price
FINCABLES 2017-02-16 SBI MUTUAL FUND P 935587.00 437.00
FINCABLES 2017-02-16 ARMOR CAPITAL PARTNERS LP S 934000.00 437.00
FINCABLES 2008-11-25 J M MUTUAL FUND AC JM BASIC FUND S 1093590.00 20.04
FINCABLES 2008-11-21 J M MUTUAL FUND AC JM BASIC FUND MF01594851BS S 2004391.00 20.01
Block Deals
Symbol Name Deal Date Client Name Transcation Type Quantity Price
FINCABLES 2017-02-16 SBI MUTUAL FUND P 934000.00 437.00
FINCABLES 2017-02-16 ARMOR CAPITAL PARTNERS LP S 934000.00 437.00
Dividend history
Ex Date Amount
2019-09-05 4.50
2018-09-12 4.00
2017-09-14 3.00
2016-08-26 2.00
2016-08-26 0.50
2015-07-30 1.80
2014-08-27 1.60
2013-06-13 1.20
2012-07-26 0.80
2011-07-21 0.70
2010-07-15 0.60
2009-08-07 0.20
2008-07-17 1.50
2001-07-06 7.50
2000-08-03 0.00
Bonus Data
Company Name Split Date From Value To Value
Split Data
Company Name Split Date From Value To Value