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Comparison

Fast Cables Limited vs Waves Corporation Limited

Fast Cables Limited (FCL) is worth Rs 16.2 bn at the latest close, 6.5 times the market value of Waves Corporation Limited (WAVES) at Rs 2.5 bn. In their latest annual results FCL reported revenue of Rs 38.7 bn (FY2026) and WAVES Rs 4.8 bn (FY2025). FCL trades at 7.7× earnings and WAVES at 5.7×. Dividend yields: FCL 6.0%, WAVES 0.0%.

FCL and WAVES compared
Latest FCL FY2026 WAVES FY2025
Price Rs 25.10 Rs 8.90
Market value Rs 16.2 bn Rs 2.5 bn
P/E 7.7× 5.7× (stronger)
P/B 0.99× 0.25× (stronger)
Dividend yield 6.0% (stronger) 0.0%
Revenue (latest year) Rs 38.7 bn Rs 4.8 bn
Revenue growth, year on year 21.5% (stronger) 21.2%
Revenue growth, 5 years a year 22.2% (stronger) -10.9%
Profit (latest year) Rs 2.1 bn (stronger) Rs 436.6 mn
EPS (latest year) Rs 3.28 Rs 1.55
Dividend per share Rs 1.50 Rs 0.00
Net margin 5.5% 11.1% (stronger)
Return on equity 13.7% (stronger) 4.3%
Debt to equity 84.8% 55.2% (stronger)
Current ratio 1.34× 1.70× (stronger)
Dividend streak (years) 3 (stronger) 0

Highlighted: the higher figure where higher is usually stronger (growth, margins, returns, yield) or the lower where lower is (P/E, P/B, debt). A highlight is a comparison, not a recommendation.

Revenue by fiscal year FCL WAVES
Revenue by fiscal year Rs 39 bn WAVES FY2017: Rs 3.7 bn FY2017 WAVES FY2018: Rs 8.5 bn FY2018 WAVES FY2019: Rs 9.5 bn FY2019 FCL FY2020: Rs 9.0 bn WAVES FY2020: Rs 8.5 bn FY2020 FCL FY2021: Rs 14.2 bn WAVES FY2021: Rs 10.4 bn FY2021 FCL FY2022: Rs 23.0 bn WAVES FY2022: Rs 9.9 bn FY2022 FCL FY2023: Rs 32.9 bn WAVES FY2023: Rs 5.2 bn FY2023 FCL FY2024: Rs 36.0 bn WAVES FY2024: Rs 3.9 bn FY2024 FCL FY2025: Rs 31.9 bn WAVES FY2025: Rs 4.8 bn FY2025 FCL FY2026: Rs 38.7 bn FY2026
Profit by fiscal year FCL WAVES
Profit by fiscal year Rs 2 bn WAVES FY2017: Rs 312.1 mn FY2017 WAVES FY2018: Rs 382.1 mn FY2018 WAVES FY2019: Rs 378.3 mn FY2019 FCL FY2020: Rs 166.6 mn WAVES FY2020: Rs 127.5 mn FY2020 FCL FY2021: Rs 532.7 mn WAVES FY2021: Rs 318.6 mn FY2021 FCL FY2022: Rs 1.0 bn WAVES FY2022: Rs 236.4 mn FY2022 FCL FY2023: Rs 1.7 bn WAVES FY2023: Rs 226.7 mn FY2023 FCL FY2024: Rs 1.9 bn WAVES FY2024: Rs 1.0 bn FY2024 FCL FY2025: Rs 1.3 bn WAVES FY2025: Rs 436.6 mn FY2025 FCL FY2026: Rs 2.1 bn FY2026

Prices at the latest close; financial figures from each company's latest annual report. Information only, not investment advice.