Neat & Clean Multi Months breakout seen in FINCABLES

Mar 16, 2023

Finolex Cables Limited is a leading manufacturer of electrical and telecommunication cables in India. Operating for more than 50 years, Finolex has been able to maintain its leadership position as one of the most diversified wires and cables companies in the country.

Besides manufacturing a wide variety of wires and cables, Finolex has also forayed into the manufacturing of Fast-Moving Electrical Goods (FMEG) and home appliances. Over the years, the Company has established itself as a preferred electrical solutions provider for retail and institutional markets in India and created a strong brand name.

Market Cap
₹ 11,978 Cr.
Current Price
₹ 783
High / Low
₹ 848 / 344
Stock P/E
21.6
Book Value
₹ 263
Dividend Yield
0.77 %
ROCE
21.4 %
ROE
16.3 %
Face Value
₹ 2.00
Debt
₹ 10.9 Cr.
EPS
₹ 36.2
PEG Ratio
2.57
Promoter holding
35.9 %
Intrinsic Value
₹ 594
Pledged percentage
0.00 %
EVEBITDA
15.8


Company is almost debt free.
Company has been maintaining a healthy dividend payout of 18.4%

Well this is awesome management company and if i talk about technical, it has given proper multimonths breakout. Right now price is very attractive to go long from this levels. Long term investment also good and if anyone wants to go for just swing trade can go with given levels. Chances are high we wiil exit in profits only.

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