Investors in the Indian stock market have been keeping a keen eye on Finolex Cables share price target for the years 2023 to 2030. The company, which is one of the leading players in the cables and wires industry, has been making steady progress over the past few years, with its financial performance showing promising signs.
According to recent data, the net sales of Finolex Cables amounted to Rs 1,150.31 crore in the month of December 2022, an increase of 18.23% compared to the same period the year before. This has led to many investors wondering whether Finolex Cables is a good auto stock to buy and what its share price target could be in the coming years.
In this article, we will examine the financial performance of Finolex Cables in recent years and analyze its potential for growth, in order to provide an informed prediction for its share price target for the years 2023 to 2030.
Stock history of Finolex Cables
Finolex Cables went public in 1993, and its shares were listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
In the early 2000s, the stock price of Finolex Cables witnessed significant volatility, with the price fluctuating between highs and lows. However, the company’s financial performance improved in the following years, which led to an increase in the stock price.
In the years that followed, the stock price of Finolex Cables continued to perform well, with occasional dips and recoveries. In 2018, the company split its stock in the ratio of 1:2, which led to a decrease in the share price, but it made the stock more accessible to retail investors.
In recent years, the stock price of Finolex Cables has been on an upward trend. In 2021, the share price of the company reached an all-time high of Rs. 679.45, which was a significant increase from its 52-week low of Rs. 224.15. The company’s financial performance has been improving as well, with its net sales in the month of December 2022 showing a year-on-year growth of 18.23%.
Overall, the stock history of Finolex Cables reflects the company’s journey from a small-scale industrial unit to a leading player in the cables and wires industry in India. The company has had its share of ups and downs, but it has managed to weather the storm and continue to grow over the years.
Latest news about Finolex Cables
➤ The net sales of Finolex Cables (NSE: FINCABLES) amounted to Rs 1,150.31 crore in the month of December 2022, an increase of 18.23% compared to the same period the year before.
How to buy Finolex Cables shares?
You can buy Finolex Cables shares from the following trading platforms:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
Share Price Prediction of Finolex Cables: 2023 to 2030
Share Price Target 2023 of Finolex Cables
| When | Maximum Price | Minimum Price |
| February 2023 | ₹675.00 | ₹519.23 |
| March 2023 | ₹506.25 | ₹389.42 |
| April 2023 | ₹556.88 | ₹428.37 |
| May 2023 | ₹464.06 | ₹356.97 |
| June 2023 | ₹556.88 | ₹428.37 |
| July 2023 | ₹668.25 | ₹514.04 |
| August 2023 | ₹735.08 | ₹565.44 |
| September 2023 | ₹771.83 | ₹593.71 |
| October 2023 | ₹735.08 | ₹565.44 |
| November 2023 | ₹808.58 | ₹621.99 |
| December 2023 | ₹905.61 | ₹696.62 |
The table represents the predicted Finolex Cables share price for the year 2023, with the maximum and minimum prices expected for each month. The predictions suggest that the stock price will experience significant fluctuations throughout the year, with the highest maximum price predicted to be ₹905.61 in December 2023 and the lowest minimum price predicted to be ₹356.97 in May 2023.
Overall, the table shows that the Finolex Cables stock is predicted to be on an uptrend in 2023, with a bullish sentiment expected for most of the year. Despite the predicted fluctuations in the stock price, the growth percentage is expected to be positive, indicating that the stock is likely to generate good returns for investors over the course of the year.
Share Price Target 2024 of Finolex Cables
| When | Maximum Price | Minimum Price |
| January 2024 | ₹953.28 | ₹733.29 |
| February 2024 | ₹1,071.10 | ₹892.58 |
| March 2024 | ₹1,127.47 | ₹916.64 |
| April 2024 | ₹1,024.97 | ₹788.44 |
| May 2024 | ₹854.14 | ₹657.03 |
| June 2024 | ₹1,024.97 | ₹788.44 |
| July 2024 | ₹871.23 | ₹675.37 |
| August 2024 | ₹958.35 | ₹760.60 |
| September 2024 | ₹1,006.27 | ₹774.05 |
| October 2024 | ₹1,183.84 | ₹910.65 |
| November 2024 | ₹1,243.04 | ₹956.18 |
| December 2024 | ₹1,267.90 | ₹975.31 |
The table provides the Finolex Cables share price target for the year 2024. The predicted share price target for the stock indicates that it is likely to continue on an uptrend throughout the year. The highest maximum price is expected to be ₹1,267.90 in December 2024, while the lowest minimum price is expected to be ₹657.03 in May 2024.
Looking at the table, we can see that the Finolex Cables stock is predicted to experience significant growth in 2024, with the share price target expected to be on an upward trajectory throughout most of the year.
The predicted share prices suggest a positive growth outlook for the company, with the maximum share price target reaching as high as ₹1,267.90 in December 2024, indicating strong potential for investment returns for investors who hold the stock throughout the year.
Share Price Target 2025 of Finolex Cables
| When | Maximum Price | Minimum Price |
| January 2025 | ₹1,293.25 | ₹994.81 |
| February 2025 | ₹1,361.32 | ₹1,047.17 |
| March 2025 | ₹1,429.39 | ₹1,099.53 |
| April 2025 | ₹1,276.24 | ₹981.72 |
| May 2025 | ₹1,160.22 | ₹892.47 |
| June 2025 | ₹1,276.24 | ₹981.72 |
| July 2025 | ₹1,215.46 | ₹934.97 |
| August 2025 | ₹1,266.11 | ₹973.93 |
| September 2025 | ₹1,329.41 | ₹1,022.63 |
| October 2025 | ₹1,409.18 | ₹1,083.98 |
| November 2025 | ₹1,507.82 | ₹1,159.86 |
| December 2025 | ₹1,537.98 | ₹1,183.06 |
According to the data provided, Finolex Cables’ share price is projected to continue its upward trend in 2025. The table shows that the share price is expected to fluctuate between a minimum of ₹892.47 and a maximum of ₹1,537.98 in 2025.
The projected maximum price of ₹1,537.98 in December 2025 represents a significant increase from the current price levels. It suggests a growth percentage of over 100% from the current levels, which is a bullish indication for investors.
However, it is important to note that these predictions are based on various assumptions and market conditions, and are not a guarantee of future performance.
Finolex Cables Share Price Prediction 2026-2030
| Year | Maximum Price | Minimum Price |
| 2026 | ₹1,076.59 | ₹753.61 |
| 2027 | ₹915.10 | ₹640.57 |
| 2028 | ₹1,647.18 | ₹1,153.02 |
| 2029 | ₹3,383.55 | ₹2,368.49 |
| 2030 | ₹3,768.05 | ₹2,637.63 |
According to the table provided, Finolex Cables’ share price is expected to have a mixed performance from 2026 to 2030. The maximum price in 2026 is predicted to be ₹1,076.59 and the minimum price is estimated to be ₹753.61.
In 2027, the maximum price is expected to reach ₹915.10, with a minimum price of ₹640.57. However, the share price is expected to rise significantly in 2028, with the maximum price predicted to be ₹1,647.18 and the minimum price expected to be ₹1,153.02.
The growth trend is expected to continue in 2029, with the maximum price predicted to be ₹3,383.55 and the minimum price estimated to be ₹2,368.49. Finally, in 2030, the maximum price is predicted to reach ₹3,768.05, while the minimum price is expected to be ₹2,637.63.
Overall, it appears that Finolex Cables has the potential for a bullish uptrend in the long term, but as with any investment, it is important to conduct your own research and consider your own investment goals and risk tolerance before making any investment decisions.
Financial Condition of Finolex Cables: Last 5 years
| Narration | Mar-18 | Mar-19 | Mar-20 | Mar-21 | Mar-22 |
| Sales | 2,815.12 | 3,077.79 | 2,877.30 | 2,768.11 | 3,768.14 |
| Expenses | 2,374.02 | 2,604.27 | 2,493.80 | 2,397.90 | 3,339.14 |
| Operating Profit | 441.10 | 473.52 | 383.50 | 370.21 | 429.00 |
| Other Income | 153.28 | 178.17 | 169.01 | 300.38 | 398.00 |
| Depreciation | 43.80 | 40.55 | 38.91 | 38.96 | 38.85 |
| Interest | 1.44 | 0.92 | 1.55 | 0.76 | 1.52 |
| Profit before tax | 549.14 | 610.22 | 512.05 | 630.87 | 786.63 |
| Tax | 219.03 | 202.75 | 121.05 | 169.41 | 187.49 |
| Net profit | 330.11 | 407.47 | 391.00 | 461.46 | 599.14 |
| EPS | 21.59 | 26.65 | 25.57 | 30.18 | 39.19 |
| Price to earning | 31.26 | 17.84 | 7.97 | 12.62 | 9.64 |
| Price | 674.85 | 475.45 | 203.75 | 380.95 | 377.65 |
| RATIOS: | |||||
| Dividend Payout | 18.53% | 16.89% | 21.51% | 18.23% | 15.32% |
| OPM | 15.67% | 15.39% | 13.33% | 13.37% | 11.38% |
Finolex Cables has shown mixed growth in the last five years as per the provided financial bank statement. The revenue growth has been inconsistent with a maximum of ₹3,768.14 crores in Mar-22 and a minimum of ₹2,768.11 crores in Mar-21.
The company has experienced a dip in operating profit from ₹473.52 crores in Mar-19 to ₹429.00 crores in Mar-22, despite a slight increase in sales during this period. However, there has been steady profit growth with a maximum profit after tax (PAT) of ₹599.14 crores in Mar-22, up from ₹330.11 crores in Mar-18.
The earnings per share (EPS) has also increased significantly from 21.59 in Mar-18 to 39.19 in Mar-22.The dividend payout ratio has seen some variation, with a maximum of 21.51% in Mar-20 and a minimum of 15.32% in Mar-22.
The operating profit margin (OPM) has gradually declined from 15.67% in Mar-18 to 11.38% in Mar-22. The financial statement shows that the company has been able to manage its expenses efficiently, with the lowest being ₹2,374.02 crores in Mar-18 and the highest being ₹3,339.14 crores in Mar-22.
Overall, while Finolex Cables has experienced some ups and downs in terms of revenue and profitability, it has managed to maintain a steady increase in its PAT. The company’s growth prospects will depend on its ability to improve its operating profit margin and maintain its steady profit growth in the coming years.
Finolex Cables share price target by Experts
Finolex Cables share price target by Sharekhan
Sharekhan is optimistic about Finolex Cables and has suggested buying the stock with a goal price of Rs 660.
FAQS
Will the share price of Finolex Cables increase in 2023?
It is anticipated that Finolex Cables per share price will increase to ₹905.61 by the end of 2023.
Can Finolex Cables (NSE: FINCABLES) touch 900 INR in 2023?
Yes, according to our analysis, Finolex Cables can touch 900 INR in 2023. The maximum it could reach is Rs. 905 by December 2023.
Write the share price target 2025 of Finolex Cables.
The share price target of Finolex Cables for 2025 might be around ₹1,538.
Write the share price target 2030 of Finolex Cables.
The per share price of Finolex Cables might reach around ₹3,768 by the end of 2030.
Should you buy Finolex Cables shares?
Yes, according to our research, you should buy Finolex Cables shares as the company has shown steady growth in revenue, profit, and PAT over the past five years, with a strong focus on expanding its product offerings and entering new markets.
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Conclusion
In conclusion, Finolex Cables has shown consistent growth in its income, PAT, revenue, and profit over the last five years. This growth trajectory is expected to continue in the future, as indicated by the share price targets for the coming years. The company’s ability to expand its product line and maintain its dominant market position make it a potentially good buy for investors looking to invest in the cable industry.
However, as with any investment, it is important to conduct thorough research and analysis before making any investment decisions. Additionally, market conditions can change rapidly, which may impact the performance of the company’s shares in the future.
Overall, based on the current financial performance of the company, Finolex Cables may be worth considering as a long-term investment opportunity.
