Finolex Cables (FINCABLES) Share Price Falls 3.36% Today: Key Levels, Valuation and Peer View
- September 15, 2026
- Posted by: Harsh Piplani
- Category: News
Finolex Cables Share Price fell to Rs 1,375.40 on 15 September 2026, down 3.36% for the day. The move reduced the company’s market capitalisation to Rs 21,767.09 crore. Classified as a Large Cap stock in the Electricals sector and Cable industry, the counter drew attention early in the session after opening at Rs 1,423.20 and then moving lower.
The verified data shows a decline of Rs 47.85 from the previous close of Rs 1,423.25, with the stock touching an intraday low of Rs 1,367.30. The data confirms the price event, but it does not identify a company-specific trigger. That means the day’s move is best read through price action, valuation and peer context rather than through an assumed catalyst.
Key financial metrics provide that context. Finolex Cables has a P/E ratio of 27.2, P/B ratio of 3.46, ROE of 12.33%, ROCE of 16.06%, EPS of 52.32, book value of 411.54 and dividend yield of 0.63. Together, these place the stock near the middle of the cable industry on valuation, while profitability is respectable but not among the strongest in the peer set.
Finolex Cables (FINCABLES) Share Price Today: Price Action Analysis
| Metric | Value |
|---|---|
| Current Price | Rs 1,375.4 |
| Previous Close | Rs 1,423.25 |
| Today's Move | -Rs 47.85 (-3.36%) |
| Open | Rs 1,423.2 |
| High | Rs 1,423.2 |
| Low | Rs 1,367.3 |
| Turnover | Rs 2.37 crore |
| Market Capitalisation | Rs 21,767.09 crore |
| Market Cap Category | Large Cap |
Intraday trading was clearly weak. The stock opened at Rs 1,423.20, which was also the session high, and then slipped to Rs 1,367.30 before trading at Rs 1,375.40 at the time of the update. When the open and high are the same, it usually indicates that sellers dominated soon after trade began.
The low-to-current recovery was, so the stock remained close to the lower end of the day’s range. With turnover at Rs 2.37 crore, the move was notable enough to place the counter among the names being watched in the market, even though the dataset does not provide a direct explanatory event.
For readers following Finolex Cables Share Price, the practical takeaway is that this was not a flat or mixed session. It was a broad intraday decline from the opening level, and that makes trend indicators and valuation context especially relevant.
Finolex Cables (FINCABLES) Fundamental Analysis
| Metric | Value |
|---|---|
| Market Capitalisation | Rs 21,767.09 crore |
| P/E Ratio | 27.2x |
| P/B Ratio | 3.46x |
| ROE | 12.33% |
| ROCE | 16.06% |
| EPS | Rs 52.32 |
| Book Value Per Share | Rs 411.54 |
| Dividend Yield | 0.63% |
On fundamentals, the company combines meaningful scale with mid-range valuation. A market capitalisation of Rs 21,767.09 crore places it well above the same-industry median by size. At the same time, its P/E of 27.2 and P/B of 3.46 do not place it among the most aggressively valued cable stocks in the supplied comparison set.
Profitability is solid but not dominant. ROE stands at 12.33% and ROCE at 16.06%, while EPS is Rs 52.32 and book value per share is Rs 411.54. The dividend yield of 0.63 adds a modest income component based on the supplied data.
This profile suggests that the current Finolex Cables Share Price reflects an established business with reasonable returns, but not the premium return metrics seen in some larger or higher-rated peers. That distinction matters when evaluating whether a single-day decline is altering valuation perception or simply reflecting short-term trading pressure.
Sector and Industry Context
| Metric | Value |
|---|---|
| Sector | Electricals |
| Industry | Cable |
| Benchmark Scope | same industry |
| Company P/E Ratio | 27.2x |
| Benchmark Median P/E | 26.36x |
| Benchmark Average P/E | 36.47x |
| Benchmark P/E Range | 1.18x to 190.37x |
| Company P/B Ratio | 3.46x |
| Benchmark Median P/B | 2.83x |
| Benchmark Average P/B | -6.97x |
| Company ROE | 12.33% |
| Benchmark Median ROE | 12.66% |
| Benchmark Average ROE | 4.79% |
| Company ROCE | 16.06% |
| Benchmark Median ROCE | 17.16% |
| Benchmark Average ROCE | 17.21% |
| Company Market Capitalisation | Rs 21,767.09 crore |
| Benchmark Median Market Cap | Rs 554.74 crore |
| Benchmark Average Market Cap | Rs 9,468.3 crore |
The industry snapshot covers 34 same-industry companies. Finolex Cables trades at a P/E just above the median of 26.36 and below the average of 36.47, which means its valuation is relatively central despite a very wide industry P/E range of 1.18 to 190.37.
Its P/B of 3.46 is above the industry median of 2.83. The benchmark average P/B is -6.97 because the wider sample includes significant outliers, including a minimum of -378.57 and a maximum of 23.22. That makes the median a more stable comparison point in this dataset.
On profitability, ROE of 12.33% is marginally below the median of 12.66% but stronger than the average of 4.79%. ROCE of 16.06% is below both the median of 17.16% and average of 17.21%. By size, however, the company stands out: its market cap is far above the industry median of Rs 554.74 crore and also above the average of Rs 9,468.3 crore.
Peer Comparison
| Company | Symbol | Market Cap (Cr) | P/E | P/B | ROE (%) | ROCE (%) |
|---|---|---|---|---|---|---|
| Polycab India | POLYCAB | 1,24,320.56 | 43.4 | 9.78 | 25.03 | 34.93 |
| Sterlite Technologies | STLTECH | 46,260.03 | 190.37 | 12.09 | 2.73 | 8.38 |
| KEI Industries | KEI | 43,689.47 | 43.83 | 6.3 | 14.77 | 20.23 |
| RR Kabel | RRKABEL | 27,423 | 45.13 | 9.87 | 20.83 | 28.43 |
| Diamond Power Infrastructure | DIACABS | 22,104.71 | 112.49 | 23.22 | 0 | 0 |
Peer data puts Finolex Cables in the middle of the pack. It trades at a much lower P/E than Polycab India, KEI Industries, RR Kabel, Sterlite Technologies and Diamond Power Infrastructure. Its P/B of 3.46 is also well below Polycab’s 9.78, RR Kabel’s 9.87 and Diamond Power’s 23.22.
That cheaper valuation comes with more moderate returns. Polycab reports ROE of 25.03% and ROCE of 34.93%, KEI reports ROE of 14.77% and ROCE of 20.23%, and RR Kabel reports ROE of 20.83% and ROCE of 28.43%. Finolex Cables is below those figures at 12.33% ROE and 16.06% ROCE.
Against weaker-return names, the picture improves. Sterlite Technologies shows ROE of 2.73% and ROCE of 8.38%, while Diamond Power Infrastructure shows 0 for both ROE and ROCE in the supplied data. So the company is neither the highest-return operator nor the weakest; it sits between premium valuation names and lower-return peers.
Why Investors Are Watching Finolex Cables
- The stock declined 3.36% in a single session, from Rs 1,423.25 to Rs 1,375.40.
- The session high matched the opening price, pointing to early and sustained weakness.
- Its P/E of 27.2 is close to the industry median of 26.36, keeping valuation in focus.
- ROE of 12.33% and ROCE of 16.06% are steady, but below several premium peers.
- With a market cap of Rs 21,767.09 crore, it remains one of the larger cable names in the comparison set.
About Finolex Cables
Finolex Cables is part of the Electricals sector and operates in the Cable industry. In the supplied peer universe, it is evaluated alongside companies such as Polycab India, Sterlite Technologies, KEI Industries, RR Kabel and Diamond Power Infrastructure. That makes valuation multiples and return ratios central to how the stock is commonly assessed.
Based on the available dataset, the clearest description is that of a Large Cap cable company with above-average size for its industry and a valuation profile that is close to sector medians rather than at either extreme.
Track Finolex Cables Share Price on Univest
UseFinolex Cables (FINCABLES) live share-price page,Univest top decliners screener,Univest market blogsto review live stock data, top decliners and related market analysis.
Readers tracking Finolex Cables Share Price can monitor live moves alongside P/E, P/B, ROE, ROCE, EPS, book value and dividend yield for a fuller view of the stock’s position within the cable space.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
Why is Finolex Cables Share Price falling today?
Ans. The stock fell 3.36% to Rs 1,375.40 from the previous close of Rs 1,423.25. The supplied data confirms the decline but does not identify a company-specific reason. The intraday range extended from Rs 1,367.3 to Rs 1,423.2.
What is Finolex Cables Share Price today?
Ans. At the time of this update, the stock was at Rs 1,375.40. It opened at Rs 1,423.20, touched a high of Rs 1,423.20 and a low of Rs 1,367.30. The previous close was Rs 1,423.25.
How much did the stock decline today?
Ans. It declined by Rs 47.85, which translates to a 3.36% fall from the previous close. The previous close was Rs 1,423.25. The intraday range extended from Rs 1,367.3 to Rs 1,423.2.
How does its valuation compare with the cable industry?
Ans. Its P/E of 27.2 is slightly above the industry median of 26.36 but below the average of 36.47. That places valuation near the middle of the peer group. Its P/B ratio is 3.46x.
How profitable is the company versus peers?
Ans. ROE is 12.33% and ROCE is 16.06%. Those figures are below premium peers such as Polycab India, KEI Industries and RR Kabel, but above some weaker-return names in the supplied set.
