🔍

FINCABLES - Finolex Cables

📊 NSE: FINCABLES 🏢 Cables - Power 📅 Last Updated: 12/13/2025 22:06

📢 Recent Corporate Announcements

Finolex Cables Q3 Revenue Jumps 35% QoQ; Fiber Capacity to Hit 8M KM by Q1 FY27

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 16 Feb 2026, 11:07 AM

Finolex Cables reported a strong Q3 FY26 with revenue of ₹1,600 crores, marking a 35% QoQ increase supported by 25% volume growth in wires and cables. The company successfully implemented a 12% price hike to offset rising copper costs while seeing significant demand in Auto (42% growth) and Solar segments. Backward integration into preforms is on track for commissioning this fiscal, with fiber draw capacity expanding to 8 million km by Q1 FY27. Cash flow from operations improved dramatically to ₹78 crores for the quarter, reflecting better working capital management.

Revenue reached ₹1,600 crores in Q3, up 35% QoQ, with 9-month PAT rising 18% YoY.
Volume growth was robust across segments: Auto cables (42%), Electric Wires (28%), and Industrial (28%).
Fiber prices recovered from under $3 to ~$5, with Optical Fiber Cable volumes increasing by one-third.
Total 9M FY26 Capex stood at ₹146 crores, targeting a fiber capacity of 8 million km by June 2026.
Inventory days improved from 69 to 61, and Solar cable capacity utilization reached 80-85%.

💡 Investors should view the volume-led growth and backward integration into preforms as positive indicators for long-term margin stability. Monitor the competitive landscape as new large players enter the wire segment in late 2026.

Finolex Cables Releases Audio Recording of Q3 FY26 Analyst/Investor Meet

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 13 Feb 2026, 09:23 AM

Finolex Cables Limited has released the audio recording of its Analyst/Investor Meet held on February 12, 2026. The meeting focused on the company's financial performance for the third quarter ended December 31, 2025. This disclosure is a standard regulatory requirement under SEBI (LODR) Regulations, 2015. Investors can access the recording via the company's website to understand management's perspective on market trends and operational performance.

Audio recording of the investor meet held on February 12, 2026, at 5:00 PM IST is now available.
The call discussed the financial results for the quarter ended December 31, 2025.
Compliance filing made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements).
Direct link to the audio file (MP3) provided for shareholder transparency and access.

💡 Investors should listen to the recording to gain insights into the company's volume growth, margin sustainability, and management's outlook for the cable and wire industry.

Finolex Cables Q3 FY26 Revenue Surges 35% YoY to ₹1,599 Cr; PAT Up 10%

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 12 Feb 2026, 03:03 PM

Finolex Cables reported a strong 35% YoY revenue growth in Q3 FY26, reaching ₹1,599 crore, primarily driven by robust volumes in the Electrical Cables segment. While PAT grew 10% YoY to ₹136 crore, it saw a sequential decline of 27% largely due to the absence of one-time dividend income received in Q2 and a ₹6 crore charge for the new Labour Code. The Communication Cables segment showed mixed results, with a 34% volume jump in Optic Fiber Cables offsetting weakness in metal-based products. Overall, YTD performance remains solid with an 18% growth in PAT reaching ₹462 crore.

Revenue for Q3 FY26 stood at ₹1,599 Cr, a significant 35% YoY increase driven by Electrical Wires.
PAT increased 10% YoY to ₹136 Cr, though it declined 27% QoQ due to high base effect and labor code provisions.
Optic Fiber Cable volumes registered an impressive 34% growth, highlighting strong demand in data infrastructure.
Electrical Wires segment delivered 28% growth, successfully passing on copper price increases to maintain margins.
Net working capital days improved to 40 days in Q3 FY26 compared to 45 days in the previous year.

💡 Investors should focus on the strong volume growth in the core electrical segment and the momentum in optic fiber. The sequential PAT drop is largely due to non-operational factors, making the underlying business performance look robust for long-term holders.

Finolex Cables Appoints Siddhesh Mandke as Compliance Officer and KMP

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 10 Feb 2026, 05:03 PM

Finolex Cables Limited has appointed Mr. Siddhesh Mandke as the Compliance Officer and Key Managerial Personnel (KMP) effective February 10, 2026. Mr. Mandke brings 17 years of extensive experience in Corporate Law, Legal affairs, and Compliance Management, having previously served at Kirloskar Brothers Limited. The appointment was approved by the Board of Directors following a recommendation from the Nomination and Remuneration Committee. This transition ensures the company maintains its regulatory adherence with a highly qualified professional holding LLB and MMS degrees.

Mr. Siddhesh Mandke appointed as Compliance Officer and KMP effective February 10, 2026.
The new appointee possesses 17 years of experience in Corporate Law and Compliance Management.
Educational credentials include ICSI membership (A20101), LLB, M.com, and MMS in Finance.
The Board meeting for the approval was held on February 10, 2026, from 11:50 am to 2:20 pm.

💡 This is a routine administrative change at the KMP level and does not impact the company's fundamentals. No immediate action is required from investors.

Finolex Cables Approves Q3 FY26 Unaudited Standalone and Consolidated Financial Results

🟡 NEUTRAL ⭐ 7/10

EARNINGS 📅 10 Feb 2026, 02:50 PM

Finolex Cables Limited has officially approved its unaudited financial results for the third quarter ended December 31, 2025. The Board of Directors met on February 10, 2026, to review both standalone and consolidated performance. The results have been subjected to a limited review by statutory auditors Deloitte Haskins & Sells LLP. This announcement serves as a regulatory filing confirming the completion of the quarterly financial review process as per SEBI guidelines.

Board approved unaudited standalone and consolidated financial results for the quarter ended December 31, 2025.
Statutory auditors Deloitte Haskins & Sells LLP issued a Limited Review Report on the financial statements.
The board meeting commenced at 11:50 AM and concluded at 2:20 PM on February 10, 2026.
Compliance filing submitted under Regulations 30 and 33 of SEBI Listing Regulations, 2015.

💡 Investors should review the detailed financial tables once fully published to analyze revenue growth and margin trends in the cable segments. Compare these results against industry peers to gauge market share stability.

Finolex Cables Board Approves Q3 FY26 Unaudited Financial Results

🟡 NEUTRAL ⭐ 7/10

EARNINGS 📅 10 Feb 2026, 02:40 PM

Finolex Cables Limited's Board of Directors met on February 10, 2026, to approve the unaudited standalone and consolidated financial results for the quarter ended December 31, 2025. The meeting was held between 11:50 am and 2:20 pm to finalize the quarterly performance review. Statutory auditors M/s. Deloitte Haskins Sell LLP have issued a Limited Review Report on these results. This filing confirms the company's compliance with SEBI Listing Regulations regarding periodic financial disclosures.

Board approved Unaudited Standalone and Consolidated Financial Results for the quarter ended December 31, 2025.
Statutory auditors Deloitte Haskins Sell LLP issued a Limited Review Report dated February 10, 2026.
The board meeting concluded at 2:20 pm after starting at 11:50 am.
The announcement was made in compliance with Regulation 30 and 33 of SEBI Listing Regulations, 2015.

💡 Investors should examine the detailed financial tables once released to analyze revenue and margin trends. Compare these results with industry peers to gauge Finolex's market position in the cable segment.

Finolex Cables Schedules Q3 FY26 Earnings Conference Call for February 12, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 04 Feb 2026, 04:23 PM

Finolex Cables Limited has issued a revised schedule for its earnings conference call to discuss financial results for the quarter and nine months ended December 31, 2025. The call is scheduled for Thursday, February 12, 2026, at 5:00 PM IST. The session will be led by Mr. Mahesh Viswanathan, Deputy CEO & Chief Financial Officer. This revision was necessary as the joining link provided in the previous intimation was non-functional.

Earnings conference call scheduled for February 12, 2026, at 5:00 PM IST.
Discussion will focus on financial results for the quarter and nine months ended December 31, 2025.
Management representation by Mr. Mahesh Viswanathan, Deputy CEO & CFO.
Revised notice issued specifically to correct a technical error in the previous meeting link.
Company presentation to be made available on the official website prior to the call.

💡 Investors interested in the company's Q3 performance and its diversification into the FMEG segment should attend the call on February 12. Review the investor presentation on the company website beforehand for operational context.

Finolex Cables to Host Q3 & 9M FY26 Earnings Conference Call on February 12, 2026

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 04 Feb 2026, 11:21 AM

Finolex Cables Limited has scheduled an earnings conference call for Thursday, February 12, 2026, at 5:00 PM IST. The call will discuss the company's financial results for the quarter and nine-month period ended December 31, 2025. Management will be represented by Mr. Mahesh Viswanathan, the Deputy CEO and Chief Financial Officer. This routine announcement allows investors and analysts to prepare for the upcoming financial disclosure and management commentary.

Conference call scheduled for February 12, 2026, at 05:00 PM IST
Discussion to cover financial results for the quarter and nine months ended December 31, 2025
Management representation by Mr. Mahesh Viswanathan, Dy CEO & CFO
Universal dial-in numbers provided: +91 22 6280 1129 and +91 22 7115 8030

💡 Investors should attend the call to understand the company's performance in the electrical and telecommunication cable segments and its progress in the FMEG diversification. Monitor management's outlook on raw material price volatility and infrastructure demand.

Finolex Cables Submits SEBI Regulation 74(5) Compliance Certificate for Q3 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 08 Jan 2026, 11:41 AM

Finolex Cables Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by KFIN Technologies Limited, confirms that the company has processed dematerialization and rematerialization requests for the quarter ended December 31, 2025. This is a standard regulatory requirement to ensure that share records are accurately maintained between the company and depositories like NSDL and CDSL. The filing indicates regular administrative compliance and contains no material financial information.

Compliance certificate submitted for the quarter ended December 31, 2025
Issued by Registrar and Transfer Agent (RTA) KFIN Technologies Limited
Confirms adherence to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
Verification of dematerialized and rematerialized securities completed for BSE and NSE listing

💡 No action is required as this is a routine administrative filing. Investors should continue to monitor the company's upcoming quarterly financial results for performance updates.

Finolex Cables Receives GST Demand and Penalty of Rs 1.11 Lakh

🟡 NEUTRAL ⭐ 2/10

REGULATORY 📅 03 Jan 2026, 12:10 PM

Finolex Cables Limited has received an order from the CGST and Central Excise authorities in Indore, Madhya Pradesh, regarding tax discrepancies for FY 2018-19. The order confirms a total demand of Rs 1,10,720, which includes a tax component of Rs 55,360 and an equal penalty of Rs 55,360. The issue stems from an alleged mismatch between E-way bills and GST returns. The company has stated that this demand is immaterial and will not impact its financial or operational activities.

Total demand confirmed is Rs 1,10,720, including a 100% penalty component.
The order pertains to alleged non-payment of GST on outward supplies for the financial year 2018-19.
The discrepancy was identified as a mismatch between E-way bills and GST returns.
The company retains the option to file an appeal against this order before the Appellate Authority.

💡 No action is required as the financial impact is negligible compared to the company's scale. This is a routine regulatory disclosure for a minor tax matter.

Finolex Cables Receives ₹15.2 Lakh GST Demand Order from CGST Ahmedabad

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 31 Dec 2025, 03:53 PM

Finolex Cables Limited has received a tax demand order from the CGST authority in Ahmedabad, Gujarat, totaling ₹15.19 lakh. The demand pertains to Input Tax Credit (ITC) discrepancies for the financial years 2018-19, 2019-20, and 2022-23. The authority alleges that the GST credit claimed by the company was not reflected in GSTR-2A records. The company has stated that this demand will not have a significant impact on its operations and is considering filing an appeal.

Total tax demand of ₹15,19,638 confirmed by CGST Ahmedabad.
Demand includes ₹13,94,470 in tax and ₹1,25,168 in interest.
Issues relate to ITC claims for FY 2018-19, 2019-20, and 2022-23.
Allegation involves discrepancies between ITC claimed and GSTR-2A records.
Company retains the option to appeal the order before the Appellate Authority.

💡 Investors should note that the financial impact is negligible compared to the company's annual revenue and profits. No immediate action is required as this is a routine regulatory matter.

Finolex Cables Receives ₹15.98 Lakh GST Demand and Penalty Order

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 27 Dec 2025, 12:20 PM

Finolex Cables Limited has received an order from the CGST Goa authority confirming a tax demand for the period FY 2018-19 to FY 2022-23. The demand pertains to allegedly ineligible Input Tax Credit (ITC) claimed on services from Depository and Registrar and Transfer Agents. The total financial implication is ₹15.98 lakh, which includes a tax demand of ₹7.99 lakh and an equivalent penalty. The company has stated that this order will not have a major impact on its operations and it intends to file an appeal.

Total demand confirmed is ₹15,98,544, consisting of ₹7,99,272 in tax and ₹7,99,272 in penalty.
The dispute involves GST credit taken on services from Depository and Registrar and Transfer Agents (RTA).
The order covers a five-year period from FY 2018-19 to FY 2022-23.
The company plans to challenge the order by filing an appeal before the Appellate Authority.

💡 No action is required as the demand amount is immaterial relative to the company's financial scale. This is a routine regulatory matter that is unlikely to affect the stock's valuation.

Finolex Cables Receives GST Demand and Penalty of ₹15.98 Lakh

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 27 Dec 2025, 12:10 PM

Finolex Cables Limited has received an order from the CGST Goa authority confirming a tax demand for the period FY 2018-19 to FY 2022-23. The demand totals ₹15.98 lakh, consisting of ₹7.99 lakh in tax and an equivalent penalty of ₹7.99 lakh. The issue pertains to allegedly ineligible Input Tax Credit (ITC) claimed on services from Depositories and Registrar and Transfer Agents. The company has stated that this demand will not have a major impact on its operations and it intends to file an appeal.

Total financial demand of ₹15,98,544 confirmed by CGST Goa authorities.
Demand includes ₹7,99,272 in tax and a penalty of ₹7,99,272.
Allegation involves ineligible ITC on services from Depositories and Registrar and Transfer Agents.
Covers the period from financial year 2018-19 to 2022-23.
Company plans to challenge the order before the Appellate Authority.

💡 No action is required as the demand amount is immaterial relative to the company's financial scale. This is a routine regulatory matter with negligible impact on valuations.

Finolex Cables to Close Trading Window from January 1, 2026 for Q3 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 27 Dec 2025, 11:38 AM

Finolex Cables Limited has announced the closure of its trading window for all designated persons and insiders starting January 1, 2026. This move is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the Q3 financial results. The window will remain closed until 48 hours after the declaration of the unaudited standalone and consolidated financial results for the quarter ending December 31, 2025. This is a standard regulatory procedure and does not indicate any fundamental change in the company's operations.

Trading window closure effective from January 1, 2026
Closure is for the quarter ending December 31, 2025 (Q3 FY26)
Window to reopen 48 hours after the announcement of financial results
Applies to both standalone and consolidated unaudited financial results
Complies with SEBI (Prohibition of Insider Trading) Regulations, 2015

💡 No immediate action is required as this is a routine regulatory filing. Investors should monitor the company's upcoming Q3 results for actual performance metrics.

Finolex Cables Receives ₹22.01 Crore GST Demand Order from Chandigarh Tax Authority

🔴 NEGATIVE ⭐ 4/10

REGULATORY 📅 23 Dec 2025, 04:55 PM

Finolex Cables Limited has received a tax demand order from the Commercial Tax Officer, Chandigarh, totaling ₹22,00,51,844. The demand pertains to FY 2021-22 and arises from alleged mismatches in Input Tax Credit (ITC) due to HSN code discrepancies between the company and its suppliers. The total amount includes a principal tax of ₹11.83 crore, interest of ₹8.99 crore, and a penalty of ₹1.19 crore. The company is currently exploring the option to file an appeal before the Appellate Authority and states that this will not significantly impact its operations.

Total tax demand of ₹22.01 crore issued by the Commercial Tax Officer, Ward-5, Chandigarh.
The demand consists of ₹11.83 crore in tax, ₹8.99 crore in interest, and ₹1.19 crore in penalty.
Issue relates to FY 2021-22 regarding alleged ITC mismatches and HSN code differences.
The company has the option to contest the order through an appeal before the Appellate Authority.
Management indicates the demand does not have a major impact on the company's operations.

💡 Investors should monitor the progress of the appeal process, though the financial impact is relatively small compared to the company's overall scale. No immediate action is required as this appears to be a routine tax dispute.

View All FINCABLES Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Revenue from Operations grew 6% to INR 5,324 Cr in FY25. For H1 FY26, revenue reached INR 2,771 Cr, a 9% YoY increase. The Wires and Cables segment grew 12% in H1 FY26, while the FMEG segment grew 13.7% to INR 256.1 Cr in FY24.

Geographic Revenue Split

Not disclosed by specific percentage, but the company operates a pan-India distribution network with 4,000 channel partners and 2,15,000 retailers.

Profitability Margins

PAT margins were maintained at healthy levels despite input cost volatility. FY24 PAT was INR 544.4 Cr on revenue of INR 5,318.9 Cr (10.2% margin). H1 FY26 PAT reached INR 326 Cr on INR 2,771 Cr revenue (11.76% margin).

EBITDA Margin

EBITDA margin for H1 FY26 was 10.2%, with EBITDA reaching INR 438 Cr, a 19% YoY increase. FY25 margins contracted to 9.92% due to copper and aluminum price volatility.

Capital Expenditure

INR 500 Cr capex is lined up for the FY24-26 period, including the commissioning of a new e-Beam facility and expansion of the Roorkee plant.

Credit Rating & Borrowing

CRISIL AA+/Stable for long-term and CRISIL A1+ for short-term debt. The company is debt-free with nil long-term borrowings and unutilized fund-based bank limits of INR 200 Cr.

⚙️ Operational Drivers

Raw Materials

Copper and Aluminum are the primary raw materials. Volatility in these commodities led to a margin contraction to 9.92% in FY25.

Import Sources

Not specifically disclosed, but managed through strategic pass-through mechanisms and backward integration.

Capacity Expansion

Current expansion includes the completed commissioning of the e-Beam facility and the expansion of the Roorkee plant to support electrical cable growth.

Raw Material Costs

Raw material costs are managed through strategic pass-through, hedging, and optimal inventory management to mitigate price volatility.

Manufacturing Efficiency

Manufacturing efficiency is supported by integrated operations and new technology like the e-Beam facility.

Logistics & Distribution

Distribution is handled through a network of 4,000 channel partners and 2,15,000 retailers to ensure pan-India reach.

📈 Strategic Growth

Expected Growth Rate

8-10%

Growth Strategy

Growth will be achieved through a target of INR 500 Cr revenue from the FMEG segment in 2-3 years, participation in BSNL Bharat Net tenders, and capacity expansion at the Roorkee and e-Beam facilities.

Products & Services

Electrical cables, communication cables, fans, switches, switchgears, lighting, water heaters, and smart home devices.

Brand Portfolio

Finolex

New Products/Services

Expansion into FMEG includes new smart home devices, fans, and water heaters, with FMEG expected to break even at INR 250-260 Cr in FY25.

Market Expansion

Targeting the FMEG sector and rural electrification, aiming for a 10% CAGR in the appliances segment.

Market Share & Ranking

Industry leader in wires and cables; organized sector market share is 72%, expected to reach 80% by FY27.

Strategic Alliances

Joint Venture with J-Power Systems (Japan) for high-voltage power cables.

🌍 External Factors

Industry Trends

The wires and cables industry is projected to grow at an 11.8% CAGR to reach INR 1,430 billion by FY29, driven by government infrastructure and renewable energy initiatives.

Competitive Landscape

Intense competition from established organized players and a significant unorganized sector (currently 28% of the market).

Competitive Moat

Durable advantages include a strong brand reputation, integrated operations, and a massive distribution network of 2.15 lakh retailers, which are difficult for competitors to replicate.

Macro Economic Sensitivity

Highly sensitive to GDP growth, infrastructure spending, and urbanization. Real estate moderation led to flat growth in building wires in Q2 FY26.

Consumer Behavior

Rising disposable incomes and brand formalization are driving a shift toward organized players in the FMEG and cable segments.

Geopolitical Risks

Global macroeconomic headwinds and commodity price fluctuations are primary external risks.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to quality standards and pollution norms; the company must also comply with SEBI listing regulations for corporate governance.

Environmental Compliance

Not disclosed in specific INR values, though the company reports on CSR activities in health and education.

Taxation Policy Impact

Effective tax rate is approximately 23.7% based on FY24 PAT of INR 544.4 Cr and PBT of INR 713.6 Cr.

Legal Contingencies

There is an ongoing dispute between members of the Chhabria family (Deepak vs. Prakash Chhabria) over management control, which is currently sub judice.

⚠️ Risk Analysis

Key Uncertainties

The primary uncertainties are the outcome of the family management dispute and the volatility of copper and aluminum prices, which can impact margins by over 2%.