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FINOLEX CABLES vs GRINDWELL NORTON - Comparison Results

FINOLEX CABLES     Change

Finolex Cables was established in 1958 in Pune. The company manufactures electrical and telecommunication cables and has manufacturing facilities at Pimpri, Goa and Uttarakhand. It initially started its operations with manufacturing of PVC insulated ... More

GRINDWELL NORTON 
   Change

Grindwell Norton Ltd. (GNL) is a 51% subsidiary of Compaigne de Saint-Gobain (a Euro 30 bn French company) which manufactures bonded abrasives, coated abrasive products, super abrasives, engineered ceramics, and engineered fluids. The company's manuf... More

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Current Valuations

    FINOLEX CABLES GRINDWELL NORTON FINOLEX CABLES/
GRINDWELL NORTON
 
P/E (TTM) x 17.3 59.1 29.2% View Chart
P/BV x 2.5 9.1 27.8% View Chart
Dividend Yield % 1.0 0.7 149.8%  

Financials

 FINOLEX CABLES   GRINDWELL NORTON
EQUITY SHARE DATA
    FINOLEX CABLES
Mar-18
GRINDWELL NORTON
Mar-19
FINOLEX CABLES/
GRINDWELL NORTON
5-Yr Chart
Click to enlarge
High Rs750594 126.3%   
Low Rs454482 94.2%   
Sales per share (Unadj.) Rs184.1144.3 127.5%  
Earnings per share (Unadj.) Rs21.615.2 141.6%  
Cash flow per share (Unadj.) Rs24.419.3 126.5%  
Dividends per share (Unadj.) Rs4.006.00 66.7%  
Dividend yield (eoy) %0.71.1 59.6%  
Book value per share (Unadj.) Rs158.899.2 160.2%  
Shares outstanding (eoy) m152.94110.72 138.1%   
Bonus/Rights/Conversions ---  
Price / Sales ratio x3.33.7 87.8%   
Avg P/E ratio x27.935.3 79.0%  
P/CF ratio (eoy) x24.627.8 88.5%  
Price / Book Value ratio x3.85.4 69.9%  
Dividend payout %18.539.4 47.1%   
Avg Mkt Cap Rs m92,06259,556 154.6%   
No. of employees `0001.82.0 93.5%   
Total wages/salary Rs m1,3551,926 70.3%   
Avg. sales/employee Rs Th15,400.08,170.0 188.5%   
Avg. wages/employee Rs Th741.0984.6 75.3%   
Avg. net profit/employee Rs Th1,805.9862.6 209.4%   
INCOME DATA
Net Sales Rs m28,15115,981 176.2%  
Other income Rs m812354 229.6%   
Total revenues Rs m28,96316,334 177.3%   
Gross profit Rs m4,4082,718 162.2%  
Depreciation Rs m438452 96.8%   
Interest Rs m1415 96.0%   
Profit before tax Rs m4,7672,604 183.1%   
Minority Interest Rs m7240-   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m00-   
Tax Rs m2,190917 238.8%   
Profit after tax Rs m3,3011,687 195.7%  
Gross profit margin %15.717.0 92.1%  
Effective tax rate %45.935.2 130.5%   
Net profit margin %11.710.6 111.1%  
BALANCE SHEET DATA
Current assets Rs m15,0998,591 175.7%   
Current liabilities Rs m2,3972,887 83.0%   
Net working cap to sales %45.135.7 126.4%  
Current ratio x6.33.0 211.7%  
Inventory Days Days6575 86.2%  
Debtors Days Days2347 48.3%  
Net fixed assets Rs m4,1423,880 106.7%   
Share capital Rs m306554 55.3%   
"Free" reserves Rs m23,98410,426 230.0%   
Net worth Rs m24,29010,979 221.2%   
Long term debt Rs m60-   
Total assets Rs m27,83914,493 192.1%  
Interest coverage x332.1174.6 190.2%   
Debt to equity ratio x00-  
Sales to assets ratio x1.01.1 91.7%   
Return on assets %11.911.7 101.4%  
Return on equity %13.615.4 88.4%  
Return on capital %22.723.9 95.0%  
Exports to sales %1.00-   
Imports to sales %00-   
Exports (fob) Rs m275NA-   
Imports (cif) Rs mNANA-   
Fx inflow Rs m2752,927 9.4%   
Fx outflow Rs m1,7165,157 33.3%   
Net fx Rs m-1,441-2,230 64.6%   
CASH FLOW
From Operations Rs m2,357845 278.8%  
From Investments Rs m-1,345-538 250.0%  
From Financial Activity Rs m-568-682 83.2%  
Net Cashflow Rs m445-384 -115.8%  

Share Holding

Indian Promoters % 35.9 7.7 466.2%  
Foreign collaborators % 0.0 51.3 -  
Indian inst/Mut Fund % 11.7 10.1 115.6%  
FIIs % 8.7 3.0 290.0%  
ADR/GDR % 4.0 0.0 -  
Free float % 39.8 27.9 142.7%  
Shareholders   37,614 12,133 310.0%  
Pledged promoter(s) holding % 0.0 0.0 -  
NM: Not Meaningful
Source: Company Annual Reports, Regulatory Filings, Equitymaster

Compare FINOLEX CABLES With:   PRAJ IND.LTD  PUNJ LLOYD   LAKSHMI MACHINE  TECHNO ELECTRIC  SUZLON ENERGY  

Compare FINOLEX CABLES With:   SHANGHAI ELEC. (China)  ANSALDO STS (Italy)  DONGFANG ELEC. (China)  ABB (Switz.)  



Today's Market

A Time Correction in the Nifty(Momentum Moves)

The week belonged to the bulls after bears ended the party in February. March started with gains for the bulls but historically, March has been a bears' month.

Related Views on News

FINOLEX CABLES Announces Quarterly Results (1QFY21); Net Profit Down 57.1% (Quarterly Result Update)

Sep 10, 2020 | Updated on Sep 10, 2020

For the quarter ended June 2020, FINOLEX CABLES has posted a net profit of Rs 350 m (down 57.1% YoY). Sales on the other hand came in at Rs 4 bn (down 53.3% YoY). Read on for a complete analysis of FINOLEX CABLES's quarterly results.

GRINDWELL NORTON Announces Quarterly Results (1QFY21); Net Profit Down 34.2% (Quarterly Result Update)

Aug 21, 2020 | Updated on Aug 21, 2020

For the quarter ended June 2020, GRINDWELL NORTON has posted a net profit of Rs 282 m (down 34.2% YoY). Sales on the other hand came in at Rs 2 bn (down 43.5% YoY). Read on for a complete analysis of GRINDWELL NORTON's quarterly results.

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GRINDWELL NORTON Announces Quarterly Results (4QFY20); Net Profit Down 2.5% (Quarterly Result Update)

May 21, 2020 | Updated on May 21, 2020

For the quarter ended March 2020, GRINDWELL NORTON has posted a net profit of Rs 418 m (down 2.5% YoY). Sales on the other hand came in at Rs 4 bn (down 9.7% YoY). Read on for a complete analysis of GRINDWELL NORTON's quarterly results.

FINOLEX CABLES Announces Quarterly Results (3QFY20); Net Profit Up 6.2% (Quarterly Result Update)

Feb 19, 2020 | Updated on Feb 19, 2020

For the quarter ended December 2019, FINOLEX CABLES has posted a net profit of Rs 806 m (up 6.2% YoY). Sales on the other hand came in at Rs 7 bn (down 6.3% YoY). Read on for a complete analysis of FINOLEX CABLES's quarterly results.

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