FINOLEX CABLES
Finolex Cables Ltd
Finolex Cables Ltd, the flagship company of the Finolex Group was established in 1958 in Pune.
Today, it is India's largest and leading manufacturer of electrical and telecommunication cables
with a turnover in excess of Rs.16 Billion (about US $ 320 million)
The company started its operation with the manufacture of PVC insulated electrical cables for the automobile industry.
Since then, the Company has constantly endeavored to augment its product range to include, PVC insulated electrical wires
and Flame Retardant Low Smoke electrical wires, PVC insulated single core and multicore industrial flexible cables,
Rodent Repellent Multicore Flexible Cables, PVC Insulated Winding Wires and 3 Core Flat Cables, XLPE 3 Core Flat Cables,
Power and Control Cables, High Voltage Power Cables (Upto 33 kV), Polyethylene Insulated Jelly Filled Telephone Cables,
Auto & Battery Cables, Co-axial and CATV cables, LAN Cables, Switchboard Cables, Fibre Optic Cables and others.
June Quarter results at a glance
| (in Cr.) | Jun-10 | Mar-10 | FY09-10 |
| Revenue | 493.06 | 463.96 | 1,618.71 |
| Net Profit | 22.98 | -5.39 | 57.63 |
| EPS | 1.50 | -- | 3.77 |
| Cash EPS | 2.14 | 0.19 | 6.20 |
| OPM % | 8.50 | 2.97 | 8.85 |
| NPM % | 4.66 | -1.16 | 3.56 |
Finolex has improved its operating marging and NPM.
Technical outlook:
From the chart it is clear that Finolex will move to 75, 90 and 130.
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss
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