Share the post "Finolex Cables Shareholding pattern update FY(Q1-Jun 2023-2024)"
Finolex Cables has released its latest shareholding reports, covering the quarter and the first half of the fiscal year ending on (Q1-Jun 2024-2024).This detailed report examines who owns shares, including Promoters, promoter groups, Foreign investors, public investors, and government entities.
Shareholder Name | Previous Quater Quantity(In Crores) | Current Quater Quantity(In Crores) | Previous Quater Shares(in %) | Current Quater Shares(in %) | Quater to Quater Difference |
---|---|---|---|---|---|
Promoters | 5.48 | 5.48 | 35.92 | 35.86 | -0.06 % |
Public | 9.78 | 9.81 | 36.62 | 35.65 | -0.97 % |
DII | 2.42 | 2.58 | 15.88 | 16.84 | +0.96 % |
FII | 1.77 | 1.78 | 11.58 | 11.65 | +0.07 % |
Government | 0.00 | 0 | 0 | 0 | 0 |
Promoters’ shareholding decreased from 35.92% in March 2024 to 35.86% in June 2024. This reduction indicates that the promoters’ control over Company has weakened during this period.The percentage of shares held by the public decreased from 36.62% in March 2024 to 35.65% in June 2024.This reduction indicates that the public’s stake in the company diminished during this period.DIIs (Domestic Institutional Investors) shareholding increased from 15.88% in March 2024 to 16.84% in June 2024 , indicating that domestic institutions increased their stake in the company by 0.96% . FIIs (Foreign Institutional Investors): There was a significant increase from 11.58% in March 2024 to 11.65% in June 2024. This suggests that foreign institutions grew their investments 0.07 in the company during the quarter.
Let’s look into the statistics of the investors, which could have contributed to the fluctuations in the shareholding pattern.
Shareholder Name | Previous Quarter Quantity (In crores) | Current Quarter Quantity (In crores) | Previous Quarter Shares (in %) | Current Quarter Shares (in %) | Quarter-to-Quarter Difference (%) |
---|---|---|---|---|---|
JANAK DEEPAK CHHABRIA | 0.031 | 0.031 | 0.21 | 0.2 | -0.01 % |
ORBIT ELECTRICALS PRIVATE LIMITED | 4.696 | 4.696 | 30.75 | 30.7 | -0.05 % |
JANAK DEEPAK CHHABRIA faced a downturn in stakeholding this quarter, witnessing a decline of -0.01 % in stakeholding compared to the previous quarter.ORBIT ELECTRICALS PRIVATE LIMITED faced a downturn in stakeholding this quarter, witnessing a decline of -0.05 % in stakeholding compared to the previous quarter.
Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
---|---|---|---|---|---|
Associate companies / Subsidiaries | 2.219 | 2.219 | 14.53 | 14.51 | -0.02 % |
FINOLEX INDUSTRIES LIMITED | 2.219 | 2.219 | 14.53 | 14.51 | -0.02 % |
Resident Individuals holding nominal share capital up to Rs. 2 lakhs | 1.872 | 1.744 | 12.26 | 11.4 | -0.86 % |
Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs | 0.795 | 0.788 | 5.21 | 5.15 | -0.06 % |
LEELA RAMCHAND CHHABRIA | 0.178 | 0.178 | 1.17 | 1.16 | -0.01 % |
Non Resident Indians (NRIs) | 0.374 | 0.371 | 2.45 | 2.42 | -0.03 % |
GOPICHAND PARMANAND HINDUJA | 0.288 | 0.288 | 1.89 | 1.88 | -0.01 % |
Bodies Corporate | 0.140 | 0.142 | 0.92 | 0.93 | + 0.01 % |
Any Other (specify) | 0.152 | 0.149 | 1 | 0.97 | -0.03 % |
HUF | 0.114 | 0.111 | 0.75 | 0.72 | -0.03 % |
Observations show a significant difference of -0.02 % in Associate companies / Subsidiaries’s financial performance between quarters.Observations show a significant difference of -0.02 % in FINOLEX INDUSTRIES LIMITED’s financial performance between quarters.Observations show a significant difference of -0.86 % in Resident Individuals holding nominal share capital up to Rs. 2 lakhs’s financial performance between quarters.Observations show a significant difference of -0.06 % in Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs’s financial performance between quarters.Observations show a significant difference of -0.01 % in LEELA RAMCHAND CHHABRIA’s financial performance between quarters.Observations show a significant difference of -0.03 % in Non Resident Indians (NRIs)’s financial performance between quarters.Observations show a significant difference of -0.01 % in GOPICHAND PARMANAND HINDUJA’s financial performance between quarters.Leading the way to higher stakeholding, Bodies Corporate has significantly boosted stakeholding by an impressive 0.01 %.Observations show a significant difference of -0.03 % in Any Other (specify)’s financial performance between quarters.Observations show a significant difference of -0.03 % in HUF’s financial performance between quarters.
Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
---|---|---|---|---|---|
Mutual Funds/ | 1.617 | 1.640 | 10.59 | 10.72 | + 0.13 % |
NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA FLE | 0 | 0.493 | 0 | 3.22 | +3.22% |
HSBC FLEXI CAP FUND | 0.446 | 0.434 | 2.92 | 2.84 | -0.08 % |
HDFC MUTUAL FUND-HDFC HYBRID DEBT FUND | 0 | 0.297 | 0 | 1.94 | +1.94% |
Alternate Investment Funds | 0.024 | 0.029 | 0.16 | 0.19 | + 0.03 % |
Banks | 0.002 | 0.017 | 0.01 | 0.11 | + 0.1 % |
Insurance Companies | 0.781 | 0.889 | 5.11 | 5.81 | + 0.7 % |
TATA AIA LIFE INSURANCE CO LTD-PENSION EQUITY FUND | 0.289 | 0.411 | 1.89 | 2.69 | + 0.8 % |
HDFC LIFE INSURANCE COMPANY LIMITED | 0.232 | 0.217 | 1.52 | 1.42 | -0.1 % |
NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA SMA | 0.484 | 0 | 3.17 | 0 | -3.17% |
HDFC MUTUAL FUND – HDFC DIVIDEND YIELD FUND | 0.301 | 0 | 1.97 | 0 | -1.97% |
The latest quarter saw a considerable enhancement in stakeholding for Mutual Funds/, reflecting an uptick of 0.13 % in their shares.HSBC FLEXI CAP FUND decreased their stake from 2.84% in the previous quarter to 2.92% in the current quarter.It describes a decrease in stakes over consecutive quarters, specifically by -0.08 %.The latest quarter saw a considerable enhancement in stakeholding for Alternate Investment Funds, reflecting an uptick of 0.03 % in their shares.The latest quarter saw a considerable enhancement in stakeholding for Banks, reflecting an uptick of 0.1 % in their shares.The latest quarter saw a considerable enhancement in stakeholding for Insurance Companies, reflecting an uptick of 0.7 % in their shares.The latest quarter saw a considerable enhancement in stakeholding for TATA AIA LIFE INSURANCE CO LTD-PENSION EQUITY FUND, reflecting an uptick of 0.8 % in their shares.HDFC LIFE INSURANCE COMPANY LIMITED decreased their stake from 1.42% in the previous quarter to 1.52% in the current quarter.It describes a decrease in stakes over consecutive quarters, specifically by -0.1 %.NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA FLE had no shares in the previous quarter but now holds 3.22% of shares in the current quarter.HDFC MUTUAL FUND-HDFC HYBRID DEBT FUND had no shares in the previous quarter but now holds 1.94% of shares in the current quarter.NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA SMA had 3.17% of shares in the previous quarter but exited in the current quarter.HDFC MUTUAL FUND – HDFC DIVIDEND YIELD FUND had 1.97% of shares in the previous quarter but exited in the current quarter.
Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
---|---|---|---|---|---|
Foreign Portfolio Investors Category I | 1.412 | 1.400 | 9.25 | 9.15 | -0.1 % |
Foreign Portfolio Investors Category II | 0.356 | 0.381 | 2.33 | 2.49 | + 0.16 % |
LGOF GLOBAL OPPORTUNITIES LIMITED | 0.288 | 0.288 | 1.89 | 1.88 | -0.01 % |
GOVERNMENT PENSION FUND GLOBAL | 0.217 | 0 | 1.42 | 0 | -1.42% |
Stakeholding dwindled by -0.1 % for Foreign Portfolio Investors Category I in comparison to the preceding quarter.During this past quarter, there was a noteworthy upswing in stakeholding for Foreign Portfolio Investors Category II, which experienced a significant increase of 0.16 % .Stakeholding dwindled by -0.01 % for LGOF GLOBAL OPPORTUNITIES LIMITED in comparison to the preceding quarter.GOVERNMENT PENSION FUND GLOBAL had 1.42% of shares in the previous quarter but exited in the current quarter.