Finolex Cables -Multibagger 400 Rs 2yrs time frame Medium term

Finolex Cables -Multibagger 400 Rs 2yrs time frame Medium term

• Finolex Cables Ltd (FCL) is leading manufacturer of electrical and telecommunication cables with across India.

• The company was established in 1958 has 13 % market share in India with turnover of 4000 Crores.

• There products range from Wires,Cables,PVC Pipes,Switch gears,Copper rods,CFL Bulbs,LED lights etc.

• It has a huge Dealer and Distribution network which is very important for this business.They have grown at the rate of close to 20 % yoy and expect to grow at 30 % in coming years

• The demand for branded cables is on rise and Finolex is the only Superbrand cable in India.

• There PE is very low at 11 and we expect the stock to double to 400 Rs in 2 years timeframe.

• The company has a very low debt of .5 which says the company is very health company and has lot of free flow cash which it can use fo expansion.