Finolex Cables Limited (500144) Fair Value & Analysis

Technology · IN · Market cap ₹41.6B

A solid business, but screening 70% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (₹524.24). The favourable scenario is already priced in.
• Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 14, 2026.

How to read this chart

60‑month range ₹336.84 – ₹1,640 · fair‑value band ₹305.07 – ₹524.24 · the ₹1,330 price screens above the ₹403.22 fair value. Dashed = 300-day average. As of Aug 14, 2026.

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Analysis

Finolex Cables Limited (500144) currently trades at ₹1,330, while our model-based Fair Value estimate is ₹403.22, implying the stock looks roughly 69.7% overvalued today. The Quality Score stands at 53/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Finolex Cables Limited generated revenue of ₹23.7B at a net margin of 13.3%. Revenue declined 10.7% year over year. It earns a return on equity of 10.6%. The stock trades on a trailing P/E of 13.4 (as of Aug 14, 2026). Fundamentals as of Aug 14, 2026

Our scenario range runs from ₹305.07 (bear case) to ₹524.24 (bull case); at ₹1,330, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 3% below its 52-week high and 90% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -53% fair-value upside, at -70%, 500144 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Growth Earnings (₹893.82) versus Dividend Discount (₹128.40). Highest evidence: Residual Income (76).

Key figures & financial health

Quality Score breakdown

About the company

Finolex Cables Limited manufactures and sells electrical and communication cables, and other electrical appliances in India. The company operates through Electrical Cables, Communication Cables, Copper Rods, and Others segments.

Full company description

Finolex Cables Limited manufactures and sells electrical and communication cables, and other electrical appliances in India. The company operates through Electrical Cables, Communication Cables, Copper Rods, and Others segments. It offers electrical cables, such as 1100V and motor winding PVC insulated, automotive/battery, UPS, elevator, and solar cables, as well as heavy duty, underground, low voltage, power, and control cables; and communication cables, including optic fiber, coaxial, local area network, CCTV, speaker, jelly filled telephone, PE insulated telephone, and V-SAT cables. The company also provides copper rods; electrical switches, sockets, regulators, etc.; and retrofit and non-retrofit CFL lamps, T5 tube lights, and fittings, as well as LED based lighting solutions. In addition, it offers ceiling, table, wall, pedestal, and exhaust fans; switchgear products, such as miniature and residual current circuit breakers, molded case circuit breakers, and distribution boards; and instant and storage water heaters. Further, the company offers its products online. It also exports its products to the United States and the United Arab Emirates. Finolex Cables Limited was founded in 1958 and is headquartered in Pune, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Finolex Cables Limited reported revenue of ₹53.2B in FY2025 versus ₹27.7B in FY2021, a compound +17.7%/yr. Reported net income was ₹7.0B in FY2025, compounding +11.0%/yr from FY2021.

500144 screens 70% overvalued. Compare with HEG Limited →

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.