Finolex Cables Ltd
About
Formed by merging the words ‘fine’ and ‘flexible,’ Pralhad P. Chhabria and Kishan P. Chhabria coined the name Finolex to stand for the company’s inaugural product, flexible cables. Finolex Cables soon diversified into producing PVC insulated electrical cables for automobiles. Today, the company provides an extensive array of products like water heaters, fans, switches, switchgears, lights, and conduit fittings in addition to wires and cables. Their Flame Retardant (FR) cables, fire-resistant low-smoke (FRLS) cables, and Halogen-Free Flame Retardant (HFFR) wires pioneered advancements in safety for high-rise buildings. Finolex has further diversified into smart switches and smart door locks to adapt to the changing demands of the times. Under the leadership of Pravin Ahire, Finolex Cables can be seen in 25 Indian cities like Ahmedabad, Dehradun, Delhi, and Guwahati. Presently, it is the only cable manufacturing company in India capable of producing cables up to 500 kV.
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Financial Data 2024
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Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 5281 13.3% | 4662 14.1% | 4088 26.8% | 3223 5.8% | 3046 -8.6% | 3333 11.1% | 3001 - | 2723 9.0% | 2498 0.8% | 2478 1.6% | 2439 4.9% | 2325 11.6% | 2083 -2.0% | 2126 24.5% | 1707 30.0% | 1314 - |
| Net Operating Income (INR Cr) | 5014 11.90% | 4481 18.92% | 3768 36.13% | 2768 -3.79% | 2877 -6.51% | 3078 9.33% | - | 2445 3.58% | 2360 0.00% | 2449 3.82% | 2359 3.89% | 2271 10.01% | 2064 1.40% | 2036 25.76% | 1619 20.66% | 1342 -2.95% |
| Profit (INR Cr) | 652 29.2% | 504 -15.8% | 599 29.8% | 461 18.0% | 391 -4.0% | 407 23.4% | 330 - | 400 21.8% | 329 65.5% | 199 -4.3% | 208 43.0% | 145 48.0% | 98 13.1% | 87 50.6% | 58 - | -35 - |
| Assets (INR Cr) | 4976 13.2% | 4394 11.5% | 3941 14.8% | 3433 13.5% | 3024 10.1% | 2747 12.7% | 2437 - | 2148 17.2% | 1832 31.2% | 1397 11.2% | 1256 8.0% | 1163 15.6% | 1006 -2.4% | 1031 12.3% | 918 2.9% | 892 - |
| Net Worth (INR Cr) | 4946 13.2% | 4370 11.4% | 3922 14.9% | 3415 13.7% | 3004 9.7% | 2737 12.7% | 2429 - | 2141 26.2% | 1696 0.0% | 1265 14.6% | 1103 19.4% | 924 15.5% | 800 11.6% | 717 11.6% | 643 7.9% | 596 -7.1% |
| Employee Cost (INR Cr) | 177 9.0% | 163 11.4% | 146 6.0% | 138 -7.8% | 150 6.3% | 141 3.9% | 135 13.7% | 119 11.2% | 107 14.1% | 94 10.8% | 85 0.3% | 85 21.8% | 69 7.3% | 65 9.3% | 59 20.8% | 49 - |
| Interest Cost (INR Cr) | 2 | 1 | 2 | 1 | 2 | 1 | 1 | 4 | 9 | 14 | 14 | 13 | 26 | 19 | 19 | 32 |
| Cash & Bank Balance (INR Cr) | 98 | 73 | 38 | 54 | 934 | 49 | 104 | 176 | 219 | 138 | 65 | 40 | 49 | 21 | 37 | 28 |
| Total Debt (INR Cr) | 18 | 14 | 9 | 7 | 8 | 1 | 1 | 1 | 51 | 127 | 147 | 181 | 172 | 260 | 275 | 296 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 12.3% | 10.8% | 14.7% | 14.3% | 12.8% | 12.2% | 11.0% | 14.7% | 13.2% | 8.0% | 8.5% | 6.3% | 4.7% | 4.1% | 3.4% | - |
| Profit As % Of Assets | 13.1% | 11.5% | 15.2% | 13.4% | 12.9% | 14.8% | 13.6% | 18.6% | 17.9% | 14.2% | 16.5% | 12.5% | 9.8% | 8.4% | 6.3% | - |
| Profit As % Of Networth | 13.2% | 11.5% | 15.3% | 13.5% | 13.0% | 14.9% | 13.6% | 18.7% | 19.4% | 15.7% | 18.8% | 15.7% | 12.3% | 12.1% | 9.0% | - |
| Interest Cost to EBITDA % | 0.4% | 0.2% | 0.4% | 0.2% | 0.4% | 0.2% | 0.3% | 1.1% | 2.5% | 5.3% | 5.8% | 6.5% | 18.3% | 13.8% | 15.5% | - |
| Debt to Equity Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.10 | 0.13 | 0.20 | 0.21 | 0.36 | 0.43 | 0.50 |
| RONW | 14.0% | 12.2% | 16.3% | 14.4% | 13.6% | 15.8% | 14.5% | 20.9% | 19.4% | 14.1% | 20.5% | 18.6% | 16.1% | 16.6% | 17.0% | - |
| ROCE | 18.5% | 15.6% | 21.4% | 19.6% | 17.8% | 23.6% | 24.0% | 26.0% | 24.3% | 17.8% | 21.4% | 18.7% | 16.2% | 16.3% | 19.0% | 8.9% |