Finolex 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