Finolex Cables Limited: Business Overview, Financials & Competitive Analysis
Finolex Cables Limited scores 7/10 on the AskCyborg Cyborg Score (Strong). Market leader in Indian cable industry with strong growth in core segments, backed by analyst conviction and favorable housing/construction tailwinds, offset by near-term margin pressures. Finolex Cables posted 28% growth in its electrical wires segment driven by strong demand. However, EBITDA margin fell to 9.56% from 10.9% year-over-year, indicating.
What is Finolex Cables Limited's industry? Finolex Cables Limited (finolex.com) operates in Electrical and Telecommunication Cables Manufacturing. AskCyborg classifies Finolex Cables Limited under Electrical and Telecommunication Cables Manufacturing in its company registry.
Finolex Cables Limited is a leading manufacturer of electrical and telecommunication cables in India, operating for more than 50 years and maintaining a leadership position as one of the most diversified wires and cab...
Cyborg Score thesis
Market leader in Indian cable industry with strong growth in core segments, backed by analyst conviction and favorable...
Read the full analyst-debate transcript →Get the Latest Finolex Cables Limited Report
Up-to-date AI-powered research, analyst debate audio & saved-company playlists
Get Current Report FreeFinolex Cables Limited Overview
Pro stress-test →Finolex Cables Limited is a leading manufacturer of electrical and telecommunication cables in India, operating for more than 50 years and maintaining a leadership position as one of the most diversified wires and cables companies. The company manufactures a wide variety of wires and cables while also producing Fast-Moving Electrical Goods (FMEG) and home appliances.
Strategic Profile
Pro stress-test →As of FY24, the company holds 24.9% market share in the organized wire industry. Jefferies has reiterated a Buy rating on Finolex Cables with a target price of ₹1,235, viewing the company as a strong play on India's housing and construction growth. The company is almost debt-free and maintains healthy dividend payouts of 19.2%.
Competitive Landscape
Pro stress-test →Finolex Cables is India's largest and leading manufacturer of Electrical and Communication cables. The company dominates the organized wire industry with dominant market share. Key competitors include other large cable manufacturers such as Polycab and Havells in electrical products, though Finolex maintains the strongest position in pure cable manufacturing.
Industry Context
Finolex Cables Limited operates in Electrical and Telecommunication Cables Manufacturing.
Key facts
Founded: 1958 · Headquarters: Pune, India · Revenue: ₹5,319 Cr (FY2025) · Market cap: ₹12,974 Cr