Jefferies has reiterated a Buy rating on Finolex Cables with a target price of ₹1,235, viewing the company as a strong play on India’s housing and construction growth.
Q4FY25 results beat estimates slightly, with sales up 14% YoY. After taking a 12–13% price hike in FY25, the company implemented another small price increase in late May 2025.
Jefferies expects a robust opportunity in Optical Fiber Cable (OFC) through BharatNet, while the ongoing 5G rollout and data center expansion will further drive the Communication segment.
The brokerage estimates a +19% PAT CAGR over FY25–28, along with a +370bps RoCE expansion.
Disclaimer: The views and target prices mentioned in this article are as stated by Jefferies. They do not represent the opinions or recommendations of this publication. Readers are advised to consult their financial advisors before making any investment decisions.
