FINCABLES / guidance tracker

Keep management guidance in view.

Finolex Cables · forward-looking guidance across the available source record.

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Guidance tracker

What management said would happen.

FY26 volume flattish to slight growth

Full-year volume expected to be flat to slightly up versus FY25, with Q4 typically stronger.

growth

Maintain EBITDA margin around 12%

Management aims to sustain full-year EBITDA margin near 12%, supported by cost efficiencies and product mix.

margins

Annual capex of ₹100-200 crore

Capacity expansion is ongoing; annual capex expected in the range of ₹100-200 crore.

capex

FY27 EBITDA margin target: sub-15% (lower double-digit)

Management guided for EBITDA margins in the lower double-digit range (sub-15%) for FY27, citing geopolitical uncertainty and margin normalization from Q4 peaks.

margins

FY27 volume growth target: high single to low double digit

Targeting volume growth of high single-digit to low double-digit for the full year FY27, driven by agri recovery and non-agri expansion.

growth

Annual capex of ~₹100-200 crore for maintenance and debottlenecking

Planned capex of around ₹100-200 crore annually for maintenance, replacement of extruders with higher capacity, and debottlenecking.

capex