WEBSITE BSE:500940 NSE: FINPIPE Inc. Year: 1981 Industry: Plastic Products My Bucket: Add Stock
Last updated: 16:08
Finolex Industries Ltd manufacture PVC resins and polyvinyl chloride (PVC) pipes and fittings. The Company operates through 2 segments: PVC resin and PVC pipes & fittings. The Company gives its merchandise in numerous categories, which includes agricultural pipes and fittings, plumbing and sanitation pipes and fittings, and solvent cement, primer and lubricant. The Company gives its merchandise in diverse sizes, pressure classes and diameters. Its products consist of agricultural pipes and fittings, casing pipes, column pipes, sewerage pipes, s...Read More
Finolex Industries Ltd manufacture PVC resins and polyvinyl chloride (PVC) pipes and fittings. The Company operates through 2 segments: PVC resin and PVC pipes & fittings. The Company gives its merchandise in numerous categories, which includes agricultural pipes and fittings, plumbing and sanitation pipes and fittings, and solvent cement, primer and lubricant. The Company gives its merchandise in diverse sizes, pressure classes and diameters. Its products consist of agricultural pipes and fittings, casing pipes, column pipes, sewerage pipes, soil, waste and rainwater (SWR) pipes and fittings, chlorinated polyvinyl chloride (CPVC) pipes, American society for testing and materials (ASTM) pipes and fittings, and solvent cement for pipes and fittings. The Company has production facilities within the states of Maharashtra and Gujarat. ...Read Less
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Market Cap ₹10833 Cr.
Stock P/E 13.5
P/B 1.8
Current Price ₹174.6
Book Value ₹ 97
Face Value 2
52W High ₹238
Dividend Yield 2.06%
52W Low ₹ 147.4
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 883 | 1020 | 1235 | 1140 | 828 | 1001 | 1172 | 1043 | 859 | 898 |
| Other Income | 61 | 35 | 44 | 55 | 83 | 48 | 65 | 65 | 58 | 52 |
| Total Income | 945 | 1055 | 1279 | 1195 | 911 | 1050 | 1236 | 1108 | 916 | 950 |
| Total Expenditure | 780 | 900 | 1026 | 934 | 818 | 918 | 1001 | 950 | 729 | 775 |
| Operating Profit | 164 | 155 | 253 | 262 | 93 | 132 | 236 | 158 | 188 | 176 |
| Interest | 12 | 8 | 7 | 7 | 7 | 10 | 6 | 6 | 4 | 3 |
| Depreciation | 27 | 28 | 27 | 26 | 26 | 27 | 27 | 27 | 27 | 26 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 417 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 124 | 120 | 219 | 646 | 60 | 95 | 203 | 126 | 156 | 146 |
| Provision for Tax | 35 | 36 | 64 | 146 | 21 | 18 | 59 | 33 | 43 | 41 |
| Profit After Tax | 89 | 84 | 155 | 500 | 39 | 77 | 144 | 93 | 114 | 105 |
| Adjustments | 9 | 12 | 10 | 1 | 2 | 17 | 20 | 5 | 10 | 11 |
| Profit After Adjustments | 98 | 95 | 165 | 501 | 41 | 94 | 165 | 98 | 124 | 116 |
| Adjusted Earnings Per Share | 1.6 | 1.5 | 2.7 | 8.1 | 0.7 | 1.5 | 2.7 | 1.6 | 2 | 1.9 |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 2843 | 2602 | 2738 | 3091 | 2985 | 3462 | 4647 | 4397 | 4317 | 4142 | 3972 |
| Other Income | 39 | 24 | 24 | 40 | 33 | 74 | 82 | 121 | 180 | 247 | 240 |
| Total Income | 2882 | 2626 | 2762 | 3132 | 3017 | 3536 | 4730 | 4518 | 4497 | 4389 | 4210 |
| Total Expenditure | 2439 | 2040 | 2254 | 2487 | 2540 | 2473 | 3624 | 4105 | 3733 | 3666 | 3455 |
| Operating Profit | 443 | 586 | 508 | 645 | 477 | 1063 | 1106 | 413 | 765 | 722 | 758 |
| Interest | 45 | 15 | 10 | 12 | 11 | 9 | 14 | 27 | 36 | 30 | 19 |
| Depreciation | 51 | 55 | 61 | 70 | 74 | 78 | 83 | 89 | 116 | 107 | 107 |
| Exceptional Income / Expenses | 24 | 0 | 0 | -28 | 0 | 0 | 376 | 0 | 0 | 417 | 0 |
| Profit Before Tax | 383 | 525 | 454 | 548 | 418 | 992 | 1383 | 321 | 651 | 1043 | 631 |
| Provision for Tax | 125 | 170 | 148 | 181 | 85 | 254 | 332 | 71 | 177 | 243 | 176 |
| Profit After Tax | 258 | 355 | 306 | 367 | 333 | 738 | 1051 | 251 | 474 | 800 | 456 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 46 |
| Profit After Adjustments | 258 | 355 | 306 | 367 | 333 | 738 | 1051 | 251 | 474 | 800 | 503 |
| Adjusted Earnings Per Share | 4.2 | 5.7 | 4.9 | 5.9 | 5.4 | 11.9 | 16.9 | 4.1 | 7.7 | 12.9 | 8.2 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -4% | -4% | 7% | 0% |
| Operating Profit CAGR | -6% | -13% | 9% | 0% |
| PAT CAGR | 69% | -9% | 19% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -0% | 1% | 4% | 9% |
| ROE Average | 14% | 9% | 17% | 16% |
| ROCE Average | 17% | 12% | 22% | 21% |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 1591 | 2315 | 2795 | 2576 | 1986 | 3139 | 3928 | 4903 | 5634 | 6097 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 208 | 222 | 220 | 241 | 214 | 219 | 219 | 246 | 320 | 307 |
| Total Current Liabilities | 587 | 459 | 491 | 514 | 691 | 936 | 1199 | 1136 | 1104 | 978 |
| Total Liabilities | 2385 | 2997 | 3506 | 3332 | 2891 | 4294 | 5345 | 6285 | 7058 | 7382 |
| Fixed Assets | 850 | 855 | 884 | 951 | 1017 | 1002 | 993 | 1055 | 1055 | 1008 |
| Other Non-Current Assets | 769 | 1412 | 1802 | 1329 | 650 | 1303 | 1306 | 2338 | 2800 | 2898 |
| Total Current Assets | 767 | 729 | 819 | 1051 | 1224 | 1989 | 3046 | 2892 | 3199 | 3476 |
| Total Assets | 2385 | 2997 | 3506 | 3332 | 2891 | 4294 | 5345 | 6285 | 7058 | 7382 |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 12 | 2 | 6 | 7 | 7 | 57 | 31 | 24 | 9 | 2 |
| Cash Flow from Operating Activities | 569 | 252 | 338 | 391 | 106 | 941 | 622 | 308 | 353 | 383 |
| Cash Flow from Investing Activities | -77 | 35 | -162 | -228 | 49 | -877 | -440 | -294 | -83 | 8 |
| Cash Flow from Financing Activities | -494 | -282 | -175 | -163 | -105 | -90 | -190 | -29 | -277 | -349 |
| Net Cash Inflow / Outflow | -2 | 4 | 1 | -0 | 51 | -26 | -8 | -15 | -6 | 42 |
| Closing Cash & Cash Equivalent | 10 | 6 | 7 | 7 | 57 | 31 | 24 | 9 | 2 | 44 |
| # | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 4.15 | 5.72 | 4.94 | 5.92 | 5.36 | 11.89 | 16.94 | 4.05 | 7.66 | 12.94 |
| CEPS(Rs) | 4.97 | 6.61 | 5.91 | 7.05 | 6.55 | 13.14 | 18.29 | 5.5 | 9.54 | 14.66 |
| DPS(Rs) | 2 | 2.3 | 2 | 2 | 2 | 4 | 4 | 1.5 | 2.5 | 3.6 |
| Book NAV/Share(Rs) | 25.63 | 37.31 | 45.05 | 41.52 | 32.01 | 50.59 | 63.3 | 79.29 | 91.12 | 98.6 |
| Core EBITDA Margin(%) | 12.62 | 18.82 | 17.09 | 19.55 | 14.9 | 28.57 | 22.03 | 6.65 | 13.55 | 11.49 |
| EBIT Margin(%) | 13.34 | 18.09 | 16.39 | 18.14 | 14.38 | 28.93 | 30.06 | 7.93 | 15.91 | 25.9 |
| Pre Tax Margin(%) | 11.95 | 17.58 | 16.04 | 17.74 | 14 | 28.65 | 29.76 | 7.31 | 15.07 | 25.19 |
| PAT Margin (%) | 8.04 | 11.88 | 10.82 | 11.88 | 11.15 | 21.31 | 22.62 | 5.7 | 10.97 | 19.32 |
| Cash Profit Margin (%) | 9.62 | 13.72 | 12.96 | 14.15 | 13.62 | 23.55 | 24.42 | 7.73 | 13.66 | 21.89 |
| ROA(%) | 10.81 | 13.19 | 9.42 | 10.74 | 10.69 | 20.54 | 21.81 | 4.31 | 7.1 | 11.08 |
| ROE(%) | 16.21 | 18.17 | 11.99 | 13.67 | 14.58 | 28.79 | 29.75 | 5.68 | 8.99 | 13.64 |
| ROCE(%) | 23.73 | 25.67 | 17.5 | 20.16 | 17.39 | 35.69 | 37.02 | 7.23 | 12 | 17.4 |
| Receivable days | 2.01 | 4.28 | 6.16 | 6.93 | 9.02 | 11.66 | 18.95 | 26.23 | 31.92 | 36.87 |
| Inventory Days | 50.94 | 61.37 | 75.35 | 72.73 | 90.4 | 93.65 | 75.96 | 70.09 | 59.23 | 66.55 |
| Payable days | 44.7 | 54.19 | 49.97 | 51.53 | 48.86 | 63.75 | 58.36 | 45.25 | 39.11 | 50.69 |
| PER(x) | 17.54 | 20.19 | 26.38 | 16.94 | 14.58 | 10.71 | 9.14 | 42.12 | 32.2 | 13.91 |
| Price/Book(x) | 2.84 | 3.1 | 2.89 | 2.42 | 2.44 | 2.52 | 2.45 | 2.15 | 2.71 | 1.83 |
| Dividend Yield(%) | 2.74 | 1.99 | 1.54 | 1.99 | 2.56 | 0.63 | 2.58 | 0.88 | 1.01 | 2 |
| EV/Net Sales(x) | 1.66 | 2.78 | 2.98 | 2.03 | 1.69 | 11.38 | 2.11 | 2.51 | 3.61 | 2.71 |
| EV/Core EBITDA(x) | 10.66 | 12.36 | 16.05 | 9.75 | 10.55 | 37.06 | 8.86 | 26.66 | 20.4 | 15.54 |
| Net Sales Growth(%) | 0 | -8.47 | 5.2 | 12.91 | -3.46 | 16.01 | 34.23 | -5.39 | -1.81 | -4.06 |
| EBIT Growth(%) | 0 | 26.42 | -14.14 | 20.83 | -23.48 | 133.39 | 39.51 | -75.06 | 97.12 | 56.17 |
| PAT Growth(%) | 0 | 37.66 | -13.67 | 19.89 | -9.42 | 121.79 | 42.5 | -76.15 | 88.91 | 68.93 |
| EPS Growth(%) | 0 | 37.66 | -13.67 | 19.88 | -9.42 | 121.79 | 42.5 | -76.07 | 88.91 | 68.93 |
| Debt/Equity(x) | 0.13 | 0.04 | 0.04 | 0.03 | 0.14 | 0.06 | 0.07 | 0.11 | 0.07 | 0.04 |
| Current Ratio(x) | 1.31 | 1.59 | 1.67 | 2.04 | 1.77 | 2.12 | 2.54 | 2.55 | 2.9 | 3.56 |
| Quick Ratio(x) | 0.54 | 0.37 | 0.42 | 0.84 | 0.53 | 1.14 | 1.69 | 1.95 | 2.24 | 2.76 |
| Interest Cover(x) | 9.56 | 35.14 | 47.27 | 45.7 | 38.04 | 106.31 | 99.16 | 12.8 | 18.85 | 36.2 |
| Total Debt/Mcap(x) | 0.05 | 0.01 | 0.01 | 0.01 | 0.06 | 0.03 | 0.03 | 0.05 | 0.03 | 0.02 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 52.47 | 52.47 | 52.47 | 52.47 | 52.47 | 52.47 | 52.47 | 52.47 | 52.47 | 52.47 |
| FII | 6.45 | 6.41 | 6.89 | 6.4 | 6.64 | 6.48 | 6.04 | 5.92 | 5.87 | 5.87 |
| DII | 11.96 | 10.96 | 11.96 | 12.07 | 12.06 | 11.71 | 11.37 | 12.11 | 12.2 | 12.79 |
| Public | 29.13 | 30.17 | 28.67 | 29.05 | 28.83 | 29.34 | 30.12 | 29.49 | 29.46 | 28.87 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 32.56 | 32.56 | 32.56 | 32.56 | 32.56 | 32.56 | 32.56 | 32.56 | 32.56 | 32.56 |
| FII | 4 | 3.98 | 4.28 | 3.97 | 4.12 | 4.02 | 3.75 | 3.67 | 3.64 | 3.64 |
| DII | 7.42 | 6.8 | 7.42 | 7.49 | 7.48 | 7.26 | 7.06 | 7.52 | 7.57 | 7.94 |
| Public | 18.07 | 18.72 | 17.79 | 18.03 | 17.89 | 18.2 | 18.69 | 18.3 | 18.28 | 17.91 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 62.05 | 62.05 | 62.05 | 62.05 | 62.05 | 62.05 | 62.05 | 62.05 | 62.05 | 62.05 |
* The pros and cons are machine generated.
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