Finolex Cables share price today

Finolex Cables Ltd's share price was ₹1,192.00 at the close on 4 November 2026. It has been rising for 28 weeks. That is 7.1% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹722 and ₹1,461, and at that close it sat 64% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Finolex Cables Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 14 weeks in a row.

Over the last 11 years the share price moved +408% while the NIFTY 500 moved +249%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

2. Revenue up on a year earlier for 6 quarters in a row

   In the June 2026 quarter revenue was ₹2,013 crore, +44.2% on a year earlier.

   Why: Sales rose because electrical cable volumes grew strongly in car, battery, flexible, solar and farm uses.

   From the earnings call on 13 Aug 2026.

3. Highest quarterly profit in 16 quarters

   Profit of ₹249 crore in the June 2026 quarter is the highest of the last 16 quarters.

   Why: Profit was the highest in 16 quarters because communication cable margins were very high, helped by selling stock bought at lower raw material cost at current prices.

   From the earnings call on 13 Aug 2026.

For April to June 2026 (the quarter ended 30 June 2026), Finolex Cables reported revenue of ₹2,013 crore, up 44.2% from ₹1,396 crore a year earlier, and a profit of ₹249 crore, up 52.8% from ₹163 crore.

Finolex Cables results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Finolex Cables' management discussed these results on a call held on 13 August 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Finolex Cables closed at ₹1,192.00 on 4 November 2026, up 55.5% from ₹766.55 a year earlier (7 November 2025) and up 141.1% over five years. Its highest weekly close since March 2016 was ₹1,666.50 on 5 July 2024.

Finolex Cables share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

565 weekly closes from 4 March 2016 to 4 November 2026.

4 Nov 2026: Finolex Cables closed at ₹1,192.00, up 4.6% on the week and down 18.3% on the month. 4 Sep 2026: ex-date for a dividend of ₹9 a share.

Earlier

• 13 Aug 2026: Finolex Cables held its results call for April to June 2026. Management guided: FY27 capital spending approximately ₹300 crore.
• Results for April to June 2026: Revenue up 44.2% and profit up 52.8% on a year earlier.

Finolex Cables paid ₹9 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.76% at the ₹1,192.00 close on 4 November 2026. The last was a dividend of ₹9 a share, ex-date 4 September 2026.

Finolex Cables dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Finolex Cables Ltd paid out 19% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 13 August 2026, Finolex Cables' management guided: FY27 capital spending approximately ₹300 crore.

“We will continue to evaluate the sustainability of these margins as the year progresses, and therefore we would refrain from annualizing the Q1 communication cables margin.”Sachin Nayak, on the call for April to June 2026

What management guided

• Fiber Draw capacity to reach 8 million fiber-km by September after a timing correction in Q&A.
• Cabling capacity to rise to 10 million kilometers; completion timing not stated.
• Communication cable margin to remain in double digits by year-end if demand remains similar, after old-cost inventory is consumed.
• Communication demand expected robust for at least 2 years; data-center demand may emerge within 6-8 months, with full utilization an objective if demand lasts.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 13 August 2026.

The changes showing up in Finolex Cables' own numbers are a bigger market to serve. It is too early to say whether they last.

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Checked against results and calls up to April to June 2026, 10 October 2026.

After the expanded draw capacity becomes available, communication margins fail to remain in double digits while inventory and receivable absorption persist; that would show that added capacity cannot produce the repeatable cash earnings on which this thesis rests.

Each change stops working if

• Fiber draw capacity ramp: Commissioning or external preform supply prevents the new equipment from producing saleable fiber.
• EHV joint-venture order mix: Order intake shifts back toward cash-intensive turnkey work or competition removes the higher-voltage margin premium.

The main risks

• Working-capital absorption and order quality: Inventory protection explains part of cash absorption, but payment terms and incremental customer quality remain unresolved. ⚠ estimate
• Fiber inventory windfall normalizes: The latest communication margin includes favorable inventory timing and is not a steady-state margin. ✓ fact
• Commissioning and guidance credibility: Successive timetable revisions require delivery evidence rather than another completion goal. ⚠ estimate
• Restricted raw materials and incomplete integration: Germanium restrictions and external preform requirements can constrain utilization even after equipment is installed. ⚠ estimate

Our read after the latest results, written 10 October 2026.

When Finolex Cables reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: In the Sep 2026 quarter, revenue stays above ₹1,900 crore with management again reporting double-digit volume growth in electrical cables and fiber, while fiber prices are lower than the $12-13 quoted in August.

Finolex Cables is on 2 of our India lists: Multibagger study list and Small & mid cap stocks.

Finolex Cables Ltd earned ₹249 Cr of net profit in the Jun 2026 quarter, +52.8% on the same quarter a year earlier. That is the 4th quarter in a row of profit growth. Full-year FY26 profit was ₹714 Cr. Over 10 years profit has grown 8.1% a year on average. That is 12.4% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹163 Cr.

For the full year, FY26 profit was ₹714 Cr (+1.9% on the year before).

Why profit moved: revenue changed +44.2% on a year earlier and the margin moved +2.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +29.8% and revenue +26.7%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Finolex Cables Ltd reported ₹2,013 Cr of revenue in the Jun 2026 quarter, +44.2% on the same quarter a year earlier. That is the 6th quarter in a row with growth on the year before. Over 10 years it has grown 10.4% a year on average. The last full year, FY26, came in at ₹6,321 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. Management describes electrical growth as volume-led across auto, battery, flexible, solar and agricultural applications. The latest consolidated operating-profit increase corroborates an operating contribution, although commodity pass-through also affects reported sales. Building-wire volumes remain comparatively muted. The Operating Leverage Catapult is not yet proven: the supplied bridge does not isolate fixed-cost absorption from pricing and input costs. The benefit persists only if incremental volumes retain contribution after replacement costs and competitive responses.

The last four reported quarters add to ₹6,939 Cr.

FY26 revenue was ₹6,321 Cr, +18.8% on the year before.

Recent pace: the last four quarters grew +26.7% on average, against 10.4% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +26.5%, against +17.3% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +29.0%, against +4.3% a year (accelerating).

Finolex Cables Ltd's operating margin was 12.0% in the Jun 2026 quarter, 2.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between 10.0% and 16.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +2.4 percentage points on the year while gross margin changed +0.4 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years, 40% of Finolex Cables Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 it brought in ₹49.0 Cr of operating cash against ₹714 Cr of profit. After ₹221 Cr of spending on assets, free cash was −₹172 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Why this happened. Management attributes the joint venture's improved economics to more pure supply contracts and selective turnkey work. That mechanism can shorten collection cycles and improve equipment use. It is company-internal evidence from the summary, not a verified consolidated profit attribution. The latest call reports a continuing contribution, but the supplied tables do not isolate the joint venture's consolidated cash or earnings share. Persistence requires favorable order mix as competitors add similar technology.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 40% of profit came in as cash: the cash cycle got 48 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: the bigger use of cash is spending on new assets, at 4.3× depreciation over three years. The next section checks what that spending is building.

Finolex Cables Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 78 days in FY26, down from 126 days in FY21. It spent ₹649 Cr on assets over the last 3 years. Customers take 21 days to pay, and stock sits for 73 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Why this happened. The Capex Inflection Point applies only after commissioning and saleable production. Management's latest completion goal remains unverified in the supplied evidence. Captive preform production does not cover the expanded draw requirement, so external sourcing remains a gate. The first incremental earnings contribution should follow commissioning and customer acceptance; neither installed capacity nor illustrative revenue potential is booked profit. Supplier repricing could keep part of the scarcity benefit outside Finolex.

At FY26 sales of ₹6,321 Cr, each day of that cycle ties up about ₹17.3 Cr, so roughly ₹1,351 Cr is tied up in the business at any time.

FY26: customers took 21 days to pay and stock sat for 73 days, about 2.4 months of sales sitting as stock, for a full cycle of 78 days, shorter than FY21's 126.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 73 days. Customers pay about 21 days after that. Suppliers are paid at 16 days. Together that makes the 78-day cycle.

Spending on assets: ₹649 Cr over the last 3 years, against ₹150 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹107 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Finolex Cables Ltd's P/E is 22.8×, in the middle of its own history: higher than 67% of past readings. Its usual P/E (the middle reading) is 20.9×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.