If are you looking for a Finolex Cables share price target of 2024,2025 till 2030 then you are in the right place. In this article, we are predicting the share price of Finolex Cables based on fundamental analysis and technical analysis. The details are given below. Hope this will be informative for you.
Finolex Cable Company is one of India’s largest and leading manufacturers of electrical and telecommunication cables. The company was established in 1958.
Company profile.
| Company name | Finolex Cables |
| Sector | Cable |
| Established | 1958 |
| Chairman | Mr. D.K. Chhabria |
| Registered office | Pune, Maharashtra |
| Web site | https://finolex.com/ |
The company aspires to become a one-stop solution for all electrical products. The company has recently forayed into the fast-moving Electrical goods (FMEG) segment to capture new growth opportunities.
Finolex Cables is virtually a debt-free company and has a turnover exceeding Rs. 3768.1 Cr.
The company has 5 manufacturing sites such as Roorkee in Uttarakhand, Urse Pune in Maharashtra, Pimpri Pune in Maharashtra, Verna in Goa, and Ponda in Goa. 1,589 Employees work for the company. The company has nearly 5000 channel partners and more than 1,50,000 retailers and has 22% of the market share in the organized wires industry.
The revenue of the company is 3,768.1 Cr. In the last quarter result and 566.9 Cr EBITDA and 404.6 Cr. Of PAT.
Revenue segments.
Products portfolio.
Light Duty cables.
The company is involved in manufacturing light cables such as FR PVC insulated industrial Cables, FLAMEGARD – flame retardant low smoke insulated industrial cables, and 3 core flat cables.
Communication Cables.
The major communication production of the companies is CCTV cables, CAT6 LAN cables, Optic Fiber cables, RG6 Coaxial cables Telephone Cables, and Power and Control cables.
Conduits and Fittings.
The company manufactures some fitting materials like Conduits, inspection bends, circular box – tees and couplers, etc.
Lighting products.
Major lighting products are COB down light, LED Bulb, LED PC panel square, LED street Light, 2w cabinet light-round, flicker control concealed light, LED spotlight, and track light.
Fans and water heater.
The company also produces stylish fans like Boomerang NS table fan, finfresh – smasher, flyneto ceiling fan, boomerang NS pedestal Fan,fleenor ceiling fan, cupid anti-bacteria anti-dust fand and Alessandro instant water heater, and immersion Rods.
Switchgear
The company manufactures switchgear like phase selector DB, SP MCB, 4 pole RCCB, DP MCB isolator, FP MCB, FP MCB, and single door SPN DB.
Accessories
Accessories like 3-pin multiplug, PVC insulation tape, 32a surface dp, ding dong bell selfie, fancy batten holder spike guard, and extension board.
Fundamentals of Finolex Cables
| Market cap | 10,891.58 Cr. |
| No. of Shares | 15.29 Cr. |
| EPS | 30.85 |
| PE | 21.44 |
| PB | 2.96 |
| ROE | 13.80 |
| Dividend Yield | 0.91% |
| Book Value | 232.27 |
| Cash | 37.94 Cr. |
| DEBT | 0.31 Cr. |
| Sales growth | 36.13% |
| Profit growth | 43.03% |
Fundamental Analysis of Finolex Cables.
The PE ratio of the company is 21.45 which is now very high and now the stock is overvalued.
The ROE of the company is 13.02% which is more than 10% which indicates the company good generates a good return on its investment.
The debt-to-equity ratio of the company is Zero which means the company has a low proportion of debt in its capital. The company has no burden of interest payment.
The sales growth of the company is 36.13% which is good growth in its sales.
The company pays dividends to its investors as part of the profit which is 300% of Rs. 6 last year.
The promoters of the company did not pledge any stack of the company.
Share Holding Pattern of Finolex Cables.
Promoter holding in the company is less than 40% which is not a good sign for the company.
FII holding in the company is less than 10% which is nearly 8.32% and FII holding increasing regularly indicates smart money believes in the future growth of the company.
DII holding in the company is more than 10% which is nearly 19.98% they believe they will grow in the future.
Public holding in the company is more than 10% which is 35.78% which creates more liquidity in a panic situation.
Technical analysis of Finolex cables.
From a long-term investment point of view, we are taking a monthly chart of Finolex cables to analyze the stock trend in the future. The stock now trading near its all-time which is 757. Today on 23 Feb 2023 the stock is trading near 709. The stock is an up trend and making a zig-zag pattern on a monthly chart.
The stock has a support of 612, the second support is 505 and the third support is 429.
The major resistances are the first resistance is 708, the second resistance is 771 and the third resistance is 968.
The RSI is now above 70 which indicates a strong uptrend can be possible in the future.
If the stock crosses its all-time high of 757.90 Rs level and sustains above the level then the first target will be 771, the second target will be 968 and the third target will be 1247.
Finolex Cables share price target.
| Year | Minimum | Maximum |
| 2023 | 630 | 757 |
| 2024 | 707 | 968 |
| 2025 | 946 | 1142 |
| 2026 | 1131 | 1247 |
| 2027 | 1252 | 1678 |
| 2028 | 1650 | 1859 |
| 2029 | 1842 | 2011 |
| 2030 | 1982 | 2512 |
Finolex Cables share price target 2023
Finolex Cables’ share price target for 2023 will be a minimum of 630 and a maximum will be 757. The expected target will be 750.
Finolex Cables share price target 2024
Finolex Cables’ share price target for 2024 minimum will be 707 and the maximum will be 968. The expected target will be 955.
Finolex Cables share price target 2025
Finolex Cables’ share price target for 2025 minimum will be 946 and the maximum will be 1142. The expected target will be 1133.
Finolex Cables share price target 2026
Finolex Cables’ share price target for 2026 minimum will be 1131 and the maximum will be 1247. The expected target will be 1238.
Finolex Cables share price target 2027
Finolex Cables’ share price target for 2027 minimum will be 1252 and the maximum will be 1678. The expected target will be 1662.
Finolex Cables share price target 2028
Finolex Cables’ share price target for 2028 minimum will be 1650 and the maximum will be 1859. The expected target will be 1637.
Finolex Cables share price target 2029
Finolex Cables’ share price target for 2029 minimum will be 1842 and the maximum will be 2011. The expected target will be 2001.
Finolex Cables share price target 2030
Finolex Cables’ share price target for 2030 minimum will be 1982 and the maximum will be 2512. The expected target will be 2495.
Conclusion: searching for a stock for long-term investment is a big task for retail investors. Checking all ratios and balance analysis is a time-consuming job. So for you, we analyze the stock and give clear information in detail. The stock is 50 years old and is fundamentally strong. And technically the stock is in an uptrend. So before investment check the market condition for investment. If you like this article and our analysis comment below or mail us with your feedback.
