How Much Revenue Does Finolex Group Make from Each of Its Businesses?

Finolex Group, founded in 1958 by P. P. Chhabria and K. P. Chhabria, is a leading Indian conglomerate based in Pune. It operates through Finolex Cables Ltd., Finolex Industries Ltd., Finolex J-Power Systems Ltd., and Finolex Plasson Industries Ltd., focusing on cables, pipes, and power systems.

Finolex Group’s Company Overview and History

Finolex Group, established in 1958, has grown into a major Indian conglomerate with a strong presence in electrical cables, pipes, and power systems. With decades of expertise, the group commands a significant market position, backed by its legacy of innovation and quality.

Finolex Cables and Finolex Industries are among the leading companies in their respective sectors, with substantial market valuations. The group remains a prominent player in India’s electrical and infrastructure industries, consistently ranking among the top manufacturers in cables and PVC pipes.

Finolex Group Financials and Shareholder Returns

Finolex Cables Ltd., a key Finolex Group company, reported ₹5,189.70 crore revenue and ₹651.70 crore net profit in FY 2024. With a 0.88% dividend yield, it recorded -10.10% return in 1 year but strong 31.90% and 33.40% returns over 3 and 5 years.

Metric	Value
Revenue (FY 2024)	₹5,189.70 crore
Net Profit (FY 2024)	₹651.70 crore
Dividend Yield	0.88%
Return over 1 year	-10.10%
Return over 3 years	31.90%
Return over 5 years	33.40%

How Finolex Group Started and the Growth of Its First Business

Finolex Group was founded in 1958 by P. P. Chhabria and K. P. Chhabria, starting with a small electrical cables business in Pune. During that era, India’s electrical industry was developing, creating demand for high-quality cables, which helped Finolex establish itself as a trusted brand.

Over the years, Finolex expanded into PVC pipes, power systems, and telecommunication cables, becoming a market leader. Today, Finolex Cables Ltd. is led by Deepak Chhabria as Executive Chairman, continuing the group’s legacy of innovation and growth in India’s infrastructure and industrial sectors.

Below is a chart showcasing the current revenue of Finolex Cables Ltd:

How Did Finolex Group Expand into Subsequent Business Sectors?

Finolex Group, founded by P. P. Chhabria and K. P. Chhabria, started as a small electrical cables shop in 1945 and expanded into various industries over the decades. Here’s a timeline of its business diversification:

• 1956 – Entry into Cable Manufacturing: From a retail shop, the company began manufacturing PVC-insulated cables for the automobile industry. The “Finolex” brand was introduced, symbolizing fine, flexible cables, and the company became a limited entity in 1972.
  
• 1983 – Public Listing & Expansion: Finolex Cables Limited went public, enabling large-scale expansion. It modernized manufacturing and became a leading producer of electrical and telecom cables, catering to India’s growing infrastructure needs.
  
• 1986 – Product Diversification: Deepak Chhabria joined Finolex, transforming it from a one-product, one-client firm into a comprehensive electrical solutions provider. The company expanded its product range beyond cables to include lighting, switches, fans, and home appliances.
  
• Present – Smart Home Solutions: Recognizing consumer demand for innovation, Finolex introduced smart switches and smart door locks, integrating advanced technology with modern design. This move marked its commitment to creating a smarter, more efficient future for consumers.

Finolex Group Revenue Split – How It Earns Across Different Sectors

Finolex Group operates across various Sectors, each contributing uniquely to its revenue. Here’s an overview:

• Finolex Cables Ltd.: India’s leading manufacturer of electrical and telecommunication cables, Finolex Cables Ltd. generated ₹5,189.70 crore in revenue for FY 2024. The company offers a diverse range of wires, cables, lighting, and home electrical solutions, ensuring high-quality and innovative products.
  
• Finolex Industries Ltd.: A major player in the PVC pipes and fittings industry, Finolex Industries Ltd. reported ₹4,497.40 crore in revenue for FY 2024. It specializes in agricultural and plumbing solutions, catering to India’s growing infrastructure and water management needs with durable and efficient products.

Challenges Faced by Finolex Group Across Its Businesses

The main challenges faced by Finolex Group include fluctuating raw material costs, regulatory changes, market competition, and evolving consumer demands. Despite its strong presence in cables, pipes, and home solutions, the company continuously adapts to maintain growth and operational efficiency.

• Fluctuating Raw Material Costs: The prices of key materials like copper and PVC impact profitability. Sudden spikes in costs can squeeze margins, making it essential for Finolex to optimize procurement strategies and enhance cost efficiency.
  
• Regulatory and Environmental Compliance: Strict government policies on plastic usage and electrical safety standards require continuous adaptation. Ensuring compliance adds to operational costs and demands constant innovation in sustainable product development.
  
• Intense Market Competition: The cables and pipes industry is highly competitive, with both domestic and international players. Finolex must differentiate itself through quality, pricing, and brand trust to maintain market leadership.
  
• Evolving Consumer Preferences: The demand for smart and energy-efficient solutions is growing. To stay relevant, Finolex must invest in R&D and introduce new products that align with modern consumer expectations and technological advancements.

How Does Finolex Group’s Future Look in Terms of Growth and Strategy?

The main focus of Finolex Group’s future growth lies in innovation, market expansion, sustainability, and digital transformation. By leveraging its strong brand and technological advancements, the company aims to strengthen its position across the electrical, plumbing, and home solutions industries.

• Expansion into New Markets: Finolex plans to expand its domestic and international footprint, targeting high-growth regions. Strengthening its distribution network and entering emerging markets will drive revenue growth and brand presence.
  
• Investment in Smart Technology: The company is focusing on smart electrical solutions, including IoT-enabled products. Innovation in home automation and energy-efficient technologies will cater to evolving consumer preferences and modern living needs.
  
• Sustainability and Green Initiatives: With increasing environmental concerns, Finolex is enhancing its eco-friendly manufacturing processes. It aims to develop recyclable products and reduce its carbon footprint to align with global sustainability goals.
  
• Strengthening Digital Presence: Finolex is investing in digital marketing, e-commerce, and automation to streamline operations and customer engagement. A strong online presence will boost sales and improve customer accessibility to its diverse product range.

How To Invest In Finolex Group Stock?

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Step 1: Open a Demat & Trading Account

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Step 2: Add Funds to Your Trading Account

• Log in to Alice Blue and go to the Funds section.
• Add money via UPI, Net Banking, or NEFT/RTGS for smooth transactions.

Step 3: Search & Analyze Finolex Group Stock

• Use the search bar to find Finolex Group shares.
• Check the market price, charts, and company details before investing.

 Step 4: Place Your Buy Order

• Click Buy and choose Market Order (instant purchase) or Limit Order (buy at your set price).
• Enter the quantity and confirm your order.

Finolex Group Overview and Revenue Split – Quick Summary

• Finolex Group, founded in 1958, is a leading Indian conglomerate in cables, pipes, and power systems. It holds a strong market position, ranking among India’s top manufacturers in its sectors.
• Finolex Cables Ltd. reported ₹5,189.70 crore revenue and ₹651.70 crore net profit in FY 2024, with a 0.88% dividend yield and strong long-term returns despite a 1-year decline of 10.10%.
• Finolex Cables Ltd.’s revenue grew from ₹3,839.60 crore in FY 2022 to ₹5,189.70 crore in FY 2024, showcasing consistent financial growth over three years despite market challenges.
• Finolex Group started in 1945 as a small electrical cables shop, expanded into manufacturing in 1956, went public in 1983, diversified in 1986, and now offers smart home solutions alongside electrical products.
• Finolex Cables Ltd. leads in electrical and telecom cables with ₹5,189.70 crore revenue, while Finolex Industries Ltd. dominates PVC pipes and fittings, earning ₹4,497.40 crore in FY 2024, serving infrastructure and home solutions.
• Finolex Group faces challenges like fluctuating raw material costs, regulatory compliance, intense competition, and evolving consumer demands. It navigates these by optimizing costs, ensuring sustainability, enhancing brand trust, and investing in innovation.
• Finolex Group focuses on growth through market expansion, smart technology, sustainability, and digital transformation. It aims to strengthen its brand, innovate in IoT-enabled products, adopt eco-friendly practices, and enhance digital operations.
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Finolex Group Stock And Its Revenue Across Business Segments – FAQs

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Disclaimer: The above article is written for educational purposes and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.