Finolex CablesNSE:FINCABLES -1.28%97 ROE % is 14.75% as of Mar. 2026, which is 4% above its 10-year median of 14.19. GuruFocus rates NSE:FINCABLES with a GF Score™ of 97/100 and a GF Value™ of ₹1,277.79 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 3,003 Industrial Products companies, Finolex Cables ranks better than 76.36% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Finolex Cables's annualized net income for the quarter that ended in Mar. 2026 was ₹8,977 Mil. Finolex Cables's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹60,859 Mil. Therefore, Finolex Cables's annualized ROE % for the quarter that ended in Mar. 2026 was 14.75%.
The historical rank and industry rank for Finolex Cables's ROE % or its related term are showing as below:
NSE:FINCABLES'
s ROE % Range Over the Past 10 Years
Min: 12.16 Med: 14.19 Max: 20.44
Current: 12.39
During the past 13 years, Finolex Cables's highest ROE % was 20.44%. The lowest was 12.16%. And the median was 14.19%.
NSE:FINCABLES's ROE % is ranked better than 76.36% of 3003
companies
in the Industrial Products industry
Industry Median: 5.85
vs NSE:FINCABLES: 12.39
Finolex Cables (NSE:FINCABLES) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Finolex Cables ROE % Related Terms
Finolex Cables ROE % Historical Data
* Premium members only.
The historical data trend for Finolex Cables's ROE % 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.
For the Electrical Equipment & Parts subindustry, Finolex Cables's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Finolex Cables ROE % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Finolex Cables's ROE % distribution charts can be found below:
* The bar in red indicates where Finolex Cables's ROE % falls into.
* 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.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Finolex Cables (NSE:FINCABLES) has a ROE % of 14.75% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Finolex Cables and its competitors. This is near median its historical median of 14.19. Over the past decade, Finolex Cables' ROE % has ranged from 12.16 to 20.44. According to the industry distribution chart, Finolex Cables ranks #710 out of 3003 companies in the Industrial Products industry, placing it in the top 23.6%.
Is Finolex Cables' ROE % too high?
Finolex Cables' current ROE % of 14.75% is near median its 10-year median of 14.19. Over the past 10 years, this metric has ranged from a low of 12.16 to a high of 20.44. The Industrial Products industry median ROE % is 5.85. Finolex Cables' value of 14.75% is 152.1% above this industry median. Based on the distribution chart, Finolex Cables ranks #710 out of 3003 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Finolex Cables has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Finolex Cables' ROE % compare to VRT and BE?
According to the Industrial Products industry distribution chart, Finolex Cables ranks #710 out of 3003 companies for ROE %. This places Finolex Cables in the top 24% of its industry — outperforming the majority of peers. The industry median ROE % is 5.85. Finolex Cables' value of 14.75% is 152.1% above this benchmark. Historically, Finolex Cables' own ROE % has ranged from 12.16 to 20.44 over the past decade. While the company's 10-year median is 14.19 vs. the industry median of 5.85, Finolex Cables has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for an Industrial Products company?
The median ROE % among Industrial Products companies is 5.85, based on 3,003 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Finolex Cables's current ROE % of 14.75% is 152.1% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Finolex Cables and its competitors. For the Industrial Products industry, the median ROE % is 5.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Finolex Cables's current ROE % is 14.75%, which is near median its own 10-year median of 14.19. 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 Modestly Undervalued. The stock's GF Value™ is ₹1,277.79, compared to a current price of ₹1,129.80 — trading 11.6% below its estimated fair value. The current ROE % is 14.75%, which is near median its 10-year median of 14.19 and 152.1% above the Industrial Products industry median of 5.85. Finolex Cables' overall GF Score™ is 97/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Finolex Cables (NSE:FINCABLES), the current ROE % is 14.75% 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 ₹1,129.80 is trading 11.6% below its estimated GF Value™ of ₹1,277.79.
GuruFocus considers Finolex Cables to be Modestly Undervalued.
Key valuation signals for NSE:FINCABLES:
ROE %: 14.75% (near median its 10-year median of 14.19)
GF Value™: ₹1,277.79 vs. price of ₹1,129.80 (11.6% below fair value)
Industry Position: 152.1% above the Industrial Products median (#710 of 3003)
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 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.
97GF Score
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