Finolex Cables (NSE:FINCABLES) ROCE %: 18.50% (As of Mar. 2026)


NSE:FINCABLES Finolex Cables Ltd NSE:FINCABLES
95 GF Score
Price ₹1,169.40
GF Value ₹1,276.83
Valuation Fairly Valued
! 9 Warning Signs
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What is Finolex Cables ROCE %?

Finolex Cables NSE:FINCABLES -0.83% 95 ROCE % is 18.50% as of Mar. 2026. GuruFocus rates NSE:FINCABLES with a GF Score™ of 95/100 and a GF Value™ of ₹1,276.83 (Fairly Valued). The stock has 9 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Finolex Cables's annualized ROCE % for the quarter that ended in Mar. 2026 was 18.50%.

Finolex Cables  (NSE:FINCABLES) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Finolex Cables ROCE % Related Terms

Finolex Cables ROCE % Historical Data

* Premium members only.

The historical data trend for Finolex Cables's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Finolex Cables ROCE % Chart

Finolex Cables Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.12 14.69 17.39 16.47 14.89

Finolex Cables Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.68 13.70 13.45 14.12 18.50
NSE:FINCABLES
95GF Score
Finolex Cables Ltd NSE:FINCABLES
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Finolex Cables ROCE % Calculation

Finolex Cables's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=9302.7/( ( (62865.4 - 3610.1) + (69899.6 - 4196.1) )/ 2 )
=9302.7/( (59255.3+65703.5)/ 2 )
=9302.7/62479.4
=14.89 %

Finolex Cables's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=12152.8/( ( (0 - 0) + (69899.6 - 4196.1) )/ 1 )
=12152.8/( ( 0 + 65703.5 )/ 1 )
=12152.8/65703.5
=18.50 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 18.50% mean?
Finolex Cables (NSE:FINCABLES) has a ROCE % of 18.50% as of Mar. 2026.
Is Finolex Cables' ROCE % too high?
Finolex Cables' current ROCE % is 18.50%. The Industrial Products industry median ROCE % is 7.06. Finolex Cables' value of 18.50% is 162% above this industry median. Overall, Finolex Cables has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Finolex Cables' ROCE % compare to VRT and BE?
Finolex Cables' ROCE % of 18.50% can be compared against companies in the Industrial Products industry. The industry median ROCE % is 7.06. Finolex Cables' value of 18.50% is 162% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Industrial Products company?
The median ROCE % among Industrial Products companies is 7.06, based on 3,026 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Finolex Cables's current ROCE % of 18.50% is 162% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Industrial Products industry, the median ROCE % is 7.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Finolex Cables's current ROCE % is 18.50%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Finolex Cables stock overvalued right now?
Based on GuruFocus' analysis, Finolex Cables (NSE:FINCABLES) is currently considered Fairly Valued. The stock's GF Value™ is ₹1,276.83, compared to a current price of ₹1,169.40 — trading 8.4% below its estimated fair value. The current ROCE % is 18.50% and 162% above the Industrial Products industry median of 7.06. Finolex Cables' overall GF Score™ is 95/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Finolex Cables (NSE:FINCABLES), the current ROCE % is 18.50% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Finolex Cables (NSE:FINCABLES) Overvalued in 2026?

Based on GuruFocus' analysis, Finolex Cables stock appears to be undervalued. The current stock price of ₹1,169.40 is trading 8.4% below its estimated GF Value™ of ₹1,276.83. GuruFocus considers Finolex Cables to be Fairly Valued.

Key valuation signals for NSE:FINCABLES:

  • ROCE %: 18.50%
  • GF Value™: ₹1,276.83 vs. price of ₹1,169.40 (8.4% below fair value)
  • GF Score™: 95/100 with 9 warning signs
  • Industry Position: 162% above the Industrial Products median

No single metric tells the full story. See the NSE:FINCABLES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Finolex Cables Business Description

Other Exchanges 500144:India
Address 26-27 Mumbai-Pune Road, Pimpri, Pune, MH, IND, 411018
Finolex Cables Ltd is an electronic components company. The operating segments of the group are Electrical cables, Communication cables, Copper rods, and Others - Trading of Electrical and other goods. It derives a majority of its revenue from the Electrical cables segment. The group offers products like wires and cables, optical fibre cables, switches, LED lightings, fans, MCBs, water heaters, and other products. Geographically, the company caters to both the Indian and the international markets of which, a majority of its revenue is derived from its business in India.
95GF Score

Get the complete analysis for NSE:FINCABLES

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹1,169.40
Price
₹1,276.83
GF Value