Finolex Cables Ltd.
FINCABLESIndustrials filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
11 transcript(s)/analyst meet(s) served; 4 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 11 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| COVER_LETTER | 20220607 | 2022-03-31 | no | |
| COVER_LETTER | 20221115 | 2022-09-30 | no | |
| COVER_LETTER | 20230217 | 2022-12-31 | no | |
| COVER_LETTER | 20230602 | 2023-03-31 | no | |
| ANALYST_MEET | 20240816 | 2024-06-30 | yes | |
| ANALYST_MEET | 20241118 | 2024-09-30 | yes | |
| ANALYST_MEET | 20250604 | 2025-03-31 | yes | |
| ANALYST_MEET | 20250819 | 2025-06-30 | yes | |
| ANALYST_MEET | 20260216 | 2025-12-31 | yes | |
| ANALYST_MEET | 20260603 | 2026-03-31 | yes | |
| ANALYST_MEET | 20260818 | 2026-06-30 | yes |
FINCABLES
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.
| Last close | 1,480.00 |
| 52-week range | 710.8 – 1480.0 |
| Return 1M | 17.47% |
| Return 3M | 32.56% |
| Return 1Y | 79.0% |
| Return 3Y | 34.3% |
| Return 5Y | 200.17% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 2,013.00 |
| Other income | 51.00 |
| Total income | 2,065.00 |
| Cost of materials consumed | 1,834.00 |
| Purchases of stock-in-trade | 26.00 |
| Changes in inventories | -239.00 |
| Employee benefit expense | 55.00 |
| Finance costs | 0.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.36 | 0.00 |
| institutions foreign | 0.10 | 0.00 |
| institutions domestic | 0.17 | 0.00 |
| mutual funds | 0.11 | -0.01 |
| public | 0.64 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| ANALYST_MEET | 2026-06-30 | 7 |
| COVER_LETTER | 2023-03-31 | 4 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-03-31 | 2022-06-30 | 2022-09-30 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,187.00 | 1,016.00 | 1,091.00 | 1,224.00 | 1,204.00 | 1,187.00 | 1,222.00 | 1,401.00 | 1,230.00 | 1,312.00 | 1,182.00 | 1,396.00 | 1,376.00 | 1,599.00 | 1,951.00 | 2,013.00 |
| Other income | 20.00 | 17.00 | 26.00 | 42.00 | 39.00 | 42.00 | 45.00 | 50.00 | 46.00 | 52.00 | 45.00 | 54.00 | 37.00 | 41.00 | 33.00 | 51.00 |
| Total income | 1,207.00 | 1,033.00 | 1,117.00 | 1,266.00 | 1,243.00 | 1,229.00 | 1,267.00 | 1,451.00 | 1,277.00 | 1,363.00 | 1,227.00 | 1,450.00 | 1,413.00 | 1,640.00 | 1,984.00 | 2,065.00 |
| Cost of materials consumed | 877.00 | 872.00 | 744.00 | 939.00 | 883.00 | 998.00 | 902.00 | 1,034.00 | 1,224.00 | 824.00 | 1,066.00 | 1,142.00 | 1,131.00 | 1,359.00 | 1,695.00 | 1,834.00 |
| Purchases of stock-in-trade | 25.00 | 24.00 | 20.00 | 18.00 | 18.00 | 18.00 | 21.00 | 19.00 | 22.00 | 18.00 | 15.00 | 20.00 | 15.00 | 15.00 | 12.00 | 26.00 |
| Changes in inventories | 59.00 | -94.00 | 122.00 | 6.00 | 49.00 | -93.00 | 43.00 | 56.00 | -252.00 | 246.00 | -152.00 | -33.00 | -41.00 | -69.00 | -97.00 | -239.00 |
| Employee benefit expense | 33.00 | 41.00 | 40.00 | 39.00 | 43.00 | 43.00 | 45.00 | 47.00 | 46.00 | 47.00 | 48.00 | 48.00 | 50.00 | 58.00 | 46.00 | 55.00 |
| Finance costs | 1.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation and amortisation | 9.00 | 9.00 | 11.00 | 15.00 | 10.00 | 11.00 | 11.00 | 12.00 | 11.00 | 12.00 | 12.00 | 14.00 | 14.00 | 15.00 | 17.00 | 22.00 |
| Other expenses | 73.00 | 53.00 | 66.00 | 76.00 | 65.00 | 76.00 | 77.00 | 83.00 | 65.00 | 70.00 | 68.00 | 81.00 | 76.00 | 78.00 | 115.00 | 91.00 |
| Total expenses | 1,077.00 | 906.00 | 1,003.00 | 1,095.00 | 1,069.00 | 1,053.00 | 1,099.00 | 1,252.00 | 1,115.00 | 1,218.00 | 1,056.00 | 1,273.00 | 1,245.00 | 1,456.00 | 1,788.00 | 1,791.00 |
| Profit before exceptional items and tax | 130.00 | 127.00 | 114.00 | 172.00 | 175.00 | 177.00 | 167.00 | 199.00 | 162.00 | 145.00 | 170.00 | 176.00 | 168.00 | 184.00 | 196.00 | 274.00 |
| Exceptional items | 157.00 | 27.00 | -34.00 | 56.00 | 0.00 | 30.00 | 30.00 | 51.00 | 156.00 | 5.00 | 0.00 | 0.00 | 38.00 | 0.00 | 107.00 | 41.00 |
| Profit before tax | 287.00 | 153.00 | 79.00 | 228.00 | 175.00 | 206.00 | 198.00 | 250.00 | 318.00 | 151.00 | 170.00 | 176.00 | 206.00 | 184.00 | 303.00 | 314.00 |
| Current tax | 24.00 | 27.00 | 45.00 | 39.00 | 39.00 | 46.00 | 31.00 | 42.00 | 31.00 | 34.00 | 29.00 | 31.00 | 45.00 | 34.00 | 52.00 | 52.00 |
| Deferred tax | 39.00 | 7.00 | -21.00 | 14.00 | 10.00 | 7.00 | 16.00 | 21.00 | 43.00 | -2.00 | 16.00 | 9.00 | -1.00 | 18.00 | 27.00 | 14.00 |
| Tax expense | 62.00 | 34.00 | 24.00 | 53.00 | 50.00 | 52.00 | 47.00 | 63.00 | 74.00 | 33.00 | 45.00 | 40.00 | 44.00 | 52.00 | 79.00 | 65.00 |
| Profit for the period | 224.00 | 120.00 | 55.00 | 175.00 | 160.00 | 154.00 | 151.00 | 186.00 | 244.00 | 118.00 | 147.00 | 163.00 | 163.00 | 164.00 | 224.00 | 249.00 |
| Profit attributable to owners | 224.00 | 120.00 | 55.00 | 175.00 | 0.00 | 154.00 | 151.00 | — | 244.00 | 118.00 | — | 163.00 | 163.00 | 164.00 | 224.00 | 249.00 |
| Profit attributable to non-controlling interests | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | 0.00 | 0.00 | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other comprehensive income | -9.00 | -6.00 | 19.00 | 20.00 | 12.00 | 9.00 | 7.00 | 3.00 | 8.00 | -2.00 | -17.00 | 12.00 | -7.00 | 3.00 | -8.00 | 18.00 |
| Total comprehensive income | 216.00 | 113.00 | 74.00 | 195.00 | 173.00 | 163.00 | 158.00 | 189.00 | 252.00 | 116.00 | 130.00 | 174.00 | 155.00 | 167.00 | 216.00 | 267.00 |
| Earnings per share, basic | 14.68 | 7.82 | 3.62 | 11.44 | 10.49 | 10.08 | 9.87 | 12.17 | 15.95 | 7.71 | 9.63 | 10.63 | 10.63 | 10.73 | 14.67 | 16.28 |
| Earnings per share, diluted | 14.68 | 7.82 | 3.62 | 11.44 | 10.49 | 10.08 | 9.87 | 12.17 | 15.95 | 7.71 | 9.63 | 10.63 | 10.63 | 10.73 | 14.67 | 16.28 |
Annual results, as filed
| Line | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|
| Revenue from operations | 2,877.00 | 2,768.00 | 3,768.00 | 4,481.00 | 5,014.00 | 6,321.00 |
| Other income | 92.00 | 77.00 | 71.00 | 118.00 | 175.00 | 166.00 |
| Total income | 2,969.00 | 2,845.00 | 3,840.00 | 4,599.00 | 5,190.00 | 6,487.00 |
| Cost of materials consumed | 2,026.00 | 2,130.00 | 2,794.00 | 3,459.00 | 3,817.00 | 5,328.00 |
| Purchases of stock-in-trade | 57.00 | 76.00 | 94.00 | 79.00 | 76.00 | 62.00 |
| Changes in inventories | 0.00 | -155.00 | 79.00 | 7.00 | 55.00 | -240.00 |
| Employee benefit expense | 150.00 | 138.00 | 146.00 | 163.00 | 177.00 | 203.00 |
| Finance costs | 2.00 | 1.00 | 2.00 | 1.00 | 2.00 | 2.00 |
| Depreciation and amortisation | 39.00 | 39.00 | 39.00 | 46.00 | 44.00 | 59.00 |
| Other expenses | 261.00 | 209.00 | 227.00 | 265.00 | 301.00 | 349.00 |
| Total expenses | 2,534.00 | 2,438.00 | 3,380.00 | 4,019.00 | 4,472.00 | 5,763.00 |
| Profit before exceptional items and tax | 434.00 | 407.00 | 460.00 | 579.00 | 718.00 | 724.00 |
| Exceptional items | 0.00 | 223.00 | 327.00 | 70.00 | 146.00 | 205.00 |
| Profit before tax | 434.00 | 631.00 | 787.00 | 649.00 | 864.00 | 929.00 |
| Current tax | 123.00 | 113.00 | 128.00 | 145.00 | 158.00 | 162.00 |
| Deferred tax | -2.00 | 57.00 | 60.00 | 0.00 | 54.00 | 52.00 |
| Tax expense | 121.00 | 169.00 | 187.00 | 145.00 | 212.00 | 215.00 |
| Profit for the period | 391.00 | 461.00 | 599.00 | 504.00 | 652.00 | 714.00 |
| Profit attributable to owners | -41.00 | 461.00 | 599.00 | 504.00 | — | 714.00 |
| Profit attributable to non-controlling interests | 0.00 | 0.00 | 0.00 | 0.00 | — | 0.00 |
| Other comprehensive income | -41.00 | 33.00 | -7.00 | 36.00 | 31.00 | -1.00 |
| Total comprehensive income | 350.00 | 495.00 | 592.00 | 540.00 | 683.00 | 713.00 |
| Earnings per share, basic | 25.57 | 30.17 | 39.18 | 32.97 | 42.61 | 46.67 |
| Earnings per share, diluted | 25.57 | 30.17 | 39.18 | 32.97 | 42.61 | 46.67 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|
| Total assets | 4,666.00 | 4,980.00 | 5,337.00 | 5,635.00 | 6,101.00 | 6,657.00 | 6,990.00 |
| Non-current assets | 1,620.00 | 1,769.00 | 1,859.00 | 2,087.00 | 2,411.00 | 2,717.00 | 3,458.00 |
| Current assets | 3,045.00 | 3,212.00 | 3,478.00 | 3,548.00 | 3,691.00 | 3,939.00 | 3,532.00 |
| Property, plant and equipment | 427.00 | 422.00 | 430.00 | 428.00 | 473.00 | 556.00 | 831.00 |
| Capital work-in-progress | 22.00 | 21.00 | 23.00 | 168.00 | 205.00 | 303.00 | 105.00 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other intangible assets | 13.00 | 13.00 | 18.00 | 17.00 | 17.00 | 18.00 | 0.00 |
| Inventories | 627.00 | 675.00 | 668.00 | 576.00 | 604.00 | 794.00 | 1,023.00 |
| Trade receivables | 226.00 | 218.00 | 189.00 | 177.00 | 221.00 | 229.00 | 370.00 |
| Cash and cash equivalents | 124.00 | 67.00 | 76.00 | 93.00 | 70.00 | 49.00 | 163.00 |
| Total equity and liabilities | 4,666.00 | 4,980.00 | 5,337.00 | 5,635.00 | 6,101.00 | 6,657.00 | 6,990.00 |
| Equity | 4,018.00 | 4,370.00 | 4,599.00 | 4,946.00 | 5,192.00 | 5,703.00 | 6,086.00 |
| Equity share capital | 31.00 | 31.00 | 31.00 | 31.00 | 31.00 | 31.00 | 31.00 |
| Other equity | 3,988.00 | 4,340.00 | 4,569.00 | 4,915.00 | 5,161.00 | 5,672.00 | 6,055.00 |
| Total liabilities | 648.00 | 610.00 | 738.00 | 689.00 | 909.00 | 954.00 | 904.00 |
| Non-current liabilities | 266.00 | 290.00 | 312.00 | 353.00 | 394.00 | 441.00 | 484.00 |
| Current liabilities | 381.00 | 320.00 | 426.00 | 336.00 | 515.00 | 513.00 | 420.00 |
| Borrowings, non-current | 0.00 | 10.00 | 15.00 | 1.00 | 15.00 | 16.00 | 14.00 |
| Borrowings, current | 2.00 | 4.00 | 4.00 | 3.00 | 4.00 | 5.00 | 5.00 |
| Trade payables | 188.00 | 209.00 | 208.00 | 234.00 | 246.00 | 268.00 | 222.00 |
Cash flow, as filed
| Line | 2022-03-31 | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | 299.00 | 193.00 | 356.00 | 220.00 | 577.00 | 67.00 | 142.00 | 49.00 |
| Net cash from investing activities | -378.00 | -100.00 | -225.00 | -209.00 | -440.00 | -87.00 | -180.00 | 153.00 |
| Net cash from financing activities | 87.00 | -2.00 | -97.00 | -3.00 | -112.00 | -3.00 | -3.00 | -129.00 |
| Purchase of property, plant and equipment | 67.00 | 15.00 | 31.00 | 62.00 | 219.00 | 123.00 | 110.00 | 154.00 |
| Net increase in cash | 8.00 | 91.00 | 67.00 | 8.00 | 26.00 | -23.00 | 49.00 | 163.00 |
| con:CFO.BEFORE_TAX | 550.00 | 195.00 | 488.00 | 306.00 | 737.00 | 140.00 | 215.00 | 196.00 |
| con:INTEREST_RECEIVED.OPERATING | -38.00 | -22.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | -81.00 | 81.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 132.00 | 60.00 | 132.00 | 86.00 | 160.00 | 73.00 | 72.00 | 147.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:PPE_DISPOSALS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -88.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 35.92 | 35.92 | 35.92 | 35.92 | 35.92 | 35.86 | 35.86 | 35.86 | 35.86 | 35.86 | 0.36 | 0.36 | 0.36 | 0.36 |
| Domestic institutions | 17.03 | 15.56 | 15.59 | 15.93 | 15.88 | 16.84 | 16.74 | 16.24 | 16.07 | 15.57 | 0.16 | 0.16 | 0.16 | 0.17 |
| Mutual funds | — | — | — | — | — | — | — | — | — | 9.92 | 0.11 | 0.10 | 0.12 | 0.11 |
| Insurance companies | 3.00 | 2.54 | 2.71 | 4.74 | 5.11 | 5.81 | 5.83 | 5.92 | 5.89 | 5.42 | 0.05 | 0.05 | 0.05 | 0.05 |
| Foreign institutions | 10.78 | 11.26 | 11.77 | 11.07 | 11.58 | 11.65 | 11.32 | 11.00 | 10.57 | 10.67 | 0.10 | 0.09 | 0.10 | 0.10 |
| Government | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 | — | — | — |
| Public | 64.08 | 64.08 | 64.08 | 64.08 | 64.08 | 64.14 | 64.14 | 64.14 | 64.14 | 64.14 | 0.64 | 0.64 | 0.64 | 0.64 |
| Non-institutional | 36.27 | 37.26 | 36.73 | 37.09 | 36.63 | 35.65 | 36.09 | 36.90 | 37.50 | 37.91 | 0.38 | 0.39 | 0.38 | 0.38 |
| Shares outstanding | 152939345 | 152690595 | 152690595 | 152690595 | 152690595 | 152939345 | 152939345 | 152939345 | 152939345 | 152939345 | 152939345 | 152939345 | 152939345 | 152939345 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Finolex Industries Limited | Associates | Dividend paid, Dividend received | 502,400,000.00 | 2 |
| Mr. Deepak. K. Chhabria | Promoter | Any other transaction | 49,500,000.00 | 1 |
| Mr. Mahesh Viswanathan | Key management personnel of entity | Remuneration | 37,000,000.00 | 1 |
| Finolex J-Power Systems Limited | Joint venture Company | Any other transaction, Sale of goods or services | 5,600,000.00 | 2 |
| Mr. Ratnakar Barve | Key management personnel of entity | Remuneration | 4,000,000.00 | 1 |
| Finolex Plassson Industries Private Limited | Common Promoters | Dividend received | 3,500,000.00 | 1 |
| Mr. Sriraman Raghuraman | Non-Executive Director | Any other transaction | 2,000,000.00 | 1 |
| Mrs. Vanessa Singh | Non Executive-Independent Woman Di | Any other transaction | 2,000,000.00 | 1 |
| Mr. Nikhil M Naik | Non-Executive Director | Any other transaction | 2,000,000.00 | 1 |
| Mr. Zubin F Billimoria | Non-Executive Director | Any other transaction | 1,800,000.00 | 1 |
| Orbit Electricals Pvt. Limited | Promoters Group | Any other transaction, Dividend paid | 1,400,000.00 | 3 |
| Mr. Siddhesh Mandke | Key management personnel of entity | Remuneration | 1,300,000.00 | 1 |
| Mr. Shane Pedder | Non-Executive Director | Any other transaction | 400,000.00 | 1 |
| Ms Anita Utamsingh | Non-Executive Director | Any other transaction | 100,000.00 | 1 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-08-18 | Q1FY27 | FINOLEX CABLES LIMITED | Read the call |
| 2026-06-03 | Q4FY26 | RELATIONS | Read the call |
| 2026-02-16 | Q3FY26 | RELATIONS | Read the call |
| 2025-08-19 | Q1FY26 | INVESTOR RELATIONS | Read the call |
| 2025-06-04 | Q4FY25 | Read the call | |
| 2024-11-18 | Q2FY25 | Read the call | |
| 2024-08-16 | Q1FY25 | Read the call |
Some earlier announcements under this heading are covering letters only — no transcript was attached.
What they said about it, quarter by quarter
| Topic | Q1FY25 | Q1FY26 | Q1FY27 | Q2FY25 | Q3FY26 | Q4FY25 | Q4FY26 |
|---|---|---|---|---|---|---|---|
| Capex | Secondly, any update on the wire CAPEX and the Fiscal ‘25 cash outflow for the overall CAPEX for the full year? | What is the capex and how the split is in terms of cables and wires? | Overall capex for the year will still be what I mentioned in the May call, approximately INR 300 crores for the year. | Sir, structurally, do you foresee housing and capex cycles to remain strong? | — | The second part of your question was on capex. | Within the capex that we spend, there is a certain amount which is spent every year on adding 2 different lines. |
| Costs | So, we gain control over the raw material that goes into the fiber. | — | On the communication cable side, as I mentioned in my opening remarks, so long as the old raw material is available for use, the margins will be high-… | — | So how much should be in raw material, how much in work in process and how much in finished goods, we have been squeezing all 3. | — | There are some restrictions in being able to participate in that because your raw material supplier also puts in covenants saying this cannot be used … |
| Debt and cash | And what is going to be the working capital cycle? | — | — | So we -- for cash flow purposes, we have an understanding with the supplier as to what would be the provisional price that we will pay. | We generate a very healthy amount of cash flow every year. | — | — |
| Demand | And a bit of an outlook on overall demand for wires, both housing as well as on the automotive industry for the balance of the year. | Because if you look at wire demand anyways has been a bit slow as compared to cables. | The opportunity here was that if you went through my call of last quarter, there has been an explosion of demand from data centers and usage which is … | Could you help us understand about the current demand scenario? | And the last one is at the field level in terms of improving service, which will mean the waiting period for the customers will be lower, and we shoul… | But I think over the next 3 to 4 months as we see demand picking up, that is when our final pricing policy very much. | As you highlighted in your opening remarks that given the demand, especially from the West markets and some supply challenges, there is a huge scope f… |
| Guidance | But as the demand starts to pick up, festival season is upon us any time now and we expect those demands to pick up soon thereafter. | The growth there has been much lower than what we expected to have. | Do we expect, let’s say, even if our preform comes live, we will probably keep sourcing preform from outside unless and until that capacity of our own… | Achal, would you like to guide sir, where the line dropped? | And can we expect further improvement, bring it down to at least 50 - 55 days in the coming quarters? | And second is, any guidance for the capex for this year and the coming year? | And probably, where do you expect given the current prices, where should we expect that the margins probably by FY27 should settle for Communication C… |
| Margin | So, at EBITDA level, what comes out in the entity, what should be the long-term EBITDA margin range, please? | Sir, but when I look at probably somewhere around FY '15 or probably FY '16 to FY '19 period, where our gross margins were significantly higher, even … | Communication cables was one sector where the margin improvement was very visible. | Now if I go to Polycab, again, they have -- cable and wire, cable revenue is up 24%, EBIT margin at 12.3%, down 231 basis points. | So I wanted to know like, what is the revenue that we could generate this asset and if you can tell me like how the margin profile has improved -- wil… | First is, could you please elaborate on the commercial potential and the margin profile of the e-beam products which were launched during the year? | I just needed a clarification on the EBIT margin segmented and EBIT margin you calculate. |
| People | Once utilization gets to 100%, or gets to 70%, 80%, then we can start thinking of putting another one there. | But our utilizations have improved and that means that we have stuck our neck out in a few projects and have taken orders. | And just to understand how the utilization levels could be in consumer communication cables, would export be an equal opportunity or equal focus area … | Utilization is around slightly over 65% at this point in time. | When utilizations were higher than 75% or so, we have generated margins -- EBIT margins of around 9-odd percent. | If we take the utilization levels for the optic fiber cable for our company and also for the country, domestically, how have the utilization levels be… | The second part was to ensure and see that the key equipment, the capacity utilization improves further. |
| Pricing | At the same time, we are also adding capacity on the back end, which will give us better pricing, and better control over pricing, and flexibility as … | But within wires, yes, competition has been a little more aggressive on the pricing, while we have not been that aggressive. | Is it some lack in the distribution phase or maybe the product portfolio pricing or competition? | So there was -- there were multiple price increases that were announced. | And how many price hikes have we taken as of today? | We still have to find the right pricing part for it. | And do you expect a similar phenomenon to play out in FY27 as well given price increases? |
| Revenue growth | — | My question is that you have said that the volume growth was close to 16%. | August 13, 2026 139 crores in the corresponding quarter of last year, reflecting growth of approximately 59%. | Even last quarter, I think the volume growth was in single digits, if I'm not mistaken. | Like what is our current capacity to 4 million, what is the potential in terms of top line and what margin do you think we can expect? | — | No. You're talking about other income on the top line, right? |