Promoter holding
64.27%
FC
Finolex Cables Limited - Due diligence report
A 360° intelligence report on Finolex Cables: trust score, financial health, credit view, compliance, directors, growth and distress signals…
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Finolex Cables — 360° Intelligence Report
Generated from MCA filings & public records75/100
Trust Score
Low Risk
Finolex Cables is assessed as Low Risk with a Trust Score of 75/100. Finolex Cables is an active public limited indian non-government company incorporated in 1967, operating in the Manufacturing sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and low financial risk profile.
Report generated on 08 Aug 2026 from the latest processed filings. Finolex Cables Limited snapshot & full profile →
Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.
02
Score Card
Higher is safer · rule-based & explainableTrust ScoreLow Risk
75/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
42/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
95/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
80/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
70/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Standalone · 5 filed year(s)Unlock the full 5-year financial dashboard with charts and year-wise figures.
Get full accessScores and observations on this page are already computed from the real filings - only the underlying figures are locked.
04
Credit & Compliance Intelligence
Why the scores are what they are
Credit Risk Score: 95/100 Low Risk
- Liabilities ≈ 38% EBITDA - serviceable.
- Moderate gearing (D/E 1.42).
- Working-capital cover adequate.
- Profitable - internal accruals available.
- Externally credit-rated (AA+).
Charges position: 10 open (736.05 cr) · 13 satisfied (438.14 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 2 | 48.0 cr |
| Uti Bank Ltd | 1 | 48.0 cr |
| Axis Trustee Services Limited | 2 | 48.0 cr |
| Banque Nationale De Paris | 1 | 48.0 cr |
| Bank Of Baroda | 1 | 48.0 cr |
| The Industrial Credit And Investment Corp. Of India Ltd. | 1 | 48.0 cr |
Compliance Score: 42/100 Caution Indicated
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: NSDL, BSE, CDSL.
- Litigation present in 3 court forum(s).
- Delayed payments to MSME suppliers disclosed (534 disclosure(s)).
- 23 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 80/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| NIKHIL MANOHAR NAIK | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Mr. Mahesh Viswanathan | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VANESSA SINGH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RATNAKAR PRAKASH BARVE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ZUBIN FRAMROZE BILLIMORIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SIDDHESH SUDHIR MANDKE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Pravin Ramrao Ahire | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SRIRAMAN RAGHURAMAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 8 directors on the board.
- No disqualified or deactivated DINs.
- 10 director exits in 3 years - high churn.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2024)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2025 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
-
Group entities
2
Capital events
-
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Finolex J-power Systems Limited | Joint Ventures | 74.00% |
| Finolex Industries Limited | Associate Company | 74.00% |
Key managerial personnel: Mr. Mahesh Viswanathan (CFO) · Pravin Ramrao Ahire (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 70 · Distress 80
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Operating for 59+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
7 director exits within 2 years.
Compliance score is weak (42/100).
10 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 10.43 cr.
3 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence63/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 1 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment82/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 10 open charge(s) of 736.05 cr already registered.
- Compliance gaps should be priced into terms.
Investor view80/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 1 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events25 Nov 2025
Charge created
Others - 165.00 cr
29 Sep 2025
Last AGM held
Annual general meeting
08 Jul 2025
Charge satisfied
Anz Grindlays Bank
22 Apr 2025
Charge satisfied
Bank Of Baroda
09 Apr 2025
Charge satisfied
Central Bank Of India
31 Mar 2025
Latest balance sheet
Filed with ROC
21 Mar 2025
Charge satisfied
The Industrial Credit And Investment Corp. Of India Ltd.
Charge satisfied
The Industrial Credit & Investment Corp. Of India Limited
Charge satisfied
The Industrial Credit & Investment Corporation Of India Ltd.
12 Mar 2025
Charge satisfied
The Saraswat Cooperative Bank Ltd.
14 Nov 2024
Director ceased
ANOOP KRISHNA
Director ceased
LIPI TODI
Director ceased
SANJAY MATHUR
13 Nov 2024
Director ceased
Pravin Ramrao Ahire
03 Nov 2024
Director ceased
SHEFALI SAROHI SHYAM
10
Key Observations
Auto-generated from the data aboveRevenue grew 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
Debt-to-equity stands at 38% - manageable leverage.
Net worth is positive.
8 active director(s) / partner(s); board looks stable and experienced.
23 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of AA+ from Crisil.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake as per the FY 2025 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
| Company | CIN | Location |
|---|---|---|
| Koel | L29100PN2009PLC133351 | Pune, Maharashtra, India |
| V-Guard | L31200KL1996PLC010010 | Kochi, Kerala, India |
| Dixon | L32101UP1993PLC066581 | Noida, Uttar Pradesh, India |
| Brahmos Aerospace | U74899DL1995PTC074334 | New Delhi, Delhi, India |
| Atlas Copco (India) Private Limited | U27106PN1960PTC020566 | Dapodi, Pune-411012., Maharashtra, India |
| Hitachi Energy India Limited | L31904KA2019PLC121597 | Bengaluru, Karnataka, India |
| Thermax | L29299PN1980PLC022787 | Pune, Maharashtra, India |
| Triveni Engineering & Industries | L15421UP1932PLC022174 | Noida, Uttar Pradesh, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Finolex Cables before audits and certifications: compliance score 42/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Finolex Cables: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.
Bankers & NBFCs
Current banker verdict: Favourable lending indicators. Credit risk score 95/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 70/100, margin trends, ownership structure and peer set for Finolex Cables - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 75/100, distress signals and MSME payment-delay disclosures - know whether Finolex Cables pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Finolex Cables - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Finolex Cables an active company?
Finolex Cables has MCA status “Active” with a compliance score of 42/100 (Caution Indicated).
Is Finolex Cables financially healthy?
Finolex Cables has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with Finolex Cables?
Its overall Trust Score is 75/100 (Low Risk). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Finolex Cables?
Promoters hold a minority stake - exact percentages are in the full report. 8 active director(s) are on record.
Does Finolex Cables have loans or charges against its assets?
10 open charge(s) are registered against its assets, and 13 earlier charge(s) stand satisfied.
Is Finolex Cables up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 42/100 (Caution Indicated).
Is it risky to lend to Finolex Cables?
Its Credit Risk Score is 95/100 (Low Risk). Banker verdict: Favourable lending indicators.
Disclaimer: This report is generated automatically from MCA filings and public records as available
in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the
underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are
not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice.
Verify from official sources and consult a qualified professional before any business, lending or investment decision.
If you represent this company and believe any information is inaccurate or outdated,
report it here and we will review promptly.
