• OCTOBER 24, 2000

Finolex Cables: Rides on amalgamation

Finolex cables has reported a strong growth in topline. However, the results include the amalgamation of the wholly owned subsidiary - Fonram Sheets Ltd. Therefore, the results are not entirely comparable with earlier the performance.

(Rs m) 2QFY00 2QFY01 Change
Sales 1,370 1,905 39.0%
Other Income 47 46 -3.0%
Expenditure 1,096 1,528 39.4%
Operating Profit (EBDIT) 274 377 37.6%
Operating Profit Margin (%) 20.0% 19.8%  
Interest 38 56 46.5%
Depreciation 22 51 132.4%
Profit before Tax 261 316 21.0%
Tax 73 65 -11.1%
Profit after Tax/(Loss) 188 251 33.5%
Net profit margin (%) 13.7% 13.2%  
No. of Shares (eoy) 36 34  
Diluted Earnings per share* 21.9 29.2  
P/E Ratio   7.3  
* annualised      

The operating profits have increased considerably. However, operating margins have declined marginally with operating expenditure rising sharply.

At Rs 213 the company is trading on a multiple of 7.3 on 2QFY01 annualised earnings.

Copyright © Equitymaster Agora Research Private Limited. All rights reserved.
Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.

LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.

SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.

Equitymaster Agora Research Private Limited (Research Analyst)
103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407