FINPIPE

Finolex Industries Ltd.

NSE: FINPIPE

BSE: 500940

Sector: Capital Goods

Industry Group: Industrial Products

Industry: Plastic Products - Industrial

165.03-5.7 (-3.35%)

8 Jul, 12:00 AM

Overview

Analysis Statements Technicals Forecast Peers Resources News

Stock Scores

Quality Score

67.3 / 100

Value Score

81.0 / 100

Price Momentum Score

49.5 / 100

QVM Score

80.9 / 100

Key Metrics

Market Cap

10204.00

P/E (TTM)

17.03

P/B

1.63

P/S (TTM)

2.48

EV/EBITDA

12.01

CAPE (5Y)

16.09

ROE (TTM)

9.68

ROCE (TTM)

8.76

ROA (TTM)

8.00

Avg 3Y ROE

10.70

Earnings 3Y CAGR

33.70

Sales 3Y CAGR

-2.20

Sales 5Y CAGR

3.50

Debt/Equity

0.07

Consensus TP

212.00

Strong Buy %

21.43

Promoter Holding

52.47

Pledged %

0.00

Stock Analysis

Fundamental analysis overview of Finolex Industries Ltd. covering key investment insights, growth drivers, risk factors, and potential red flags.

Views

Red Flags

Positive

Stock is reasonably valued and PE TTM is at a discount to industry median

PE TTM of 17.03 indicates that the stock is reasonably valued on a standalone basis. Discount to industry median P/E is decent at -12.53%

What is P/E Ratio?

Median: 19.47

Value 17.03

0.44457.41

Moderate operating margin but improving trend

The company reported moderate operating margin of 13.91% for 12-month ended 31 Mar 2026 but operating margin improved by 500 bps from 1 year ago

What is Operating profit margin?

Low Debt to Equity, not much change from last year

The company has low Debt to Equity of 0.07 as on 31 Mar 2026 and Debt to Equity increased marginally by 0.03 in the last 1 year

What is Debt to Equity?

Consistently pays dividend

The company has not missed dividend payments once in the last 5 financial years

What is Dividend streak?

Company is net cash

The company is net cash i.e., cash and cash equivalents exceed total debt indicating a healthy balance sheet

What is Net Debt ?

Negative

Analysts have been downgrading forward EPS estimates

Analyst EPS estimate (consensus) for forward EPS has decreased by -1.46% in the last 3 months, indicating weak earnings momentum

What is Earnings upgrade (3M)?

Not enough data

Low and declining ROE

The company reported low ROE of 9.68% for 12-month ended 31 Mar 2026 and ROE declined by -384 bps from 1 year ago

What is ROE (FY)?

Low revenue growth and lower than median growth of industry

The company delivered moderate revenue growth of -0.69% for 12-month ended 31 Mar 2026 and the growth was 7.94 percentage points lower than median growth of industry

What is Sales growth (1Y)?

Median: 7.25

Value -0.69

-99.43240.45

Low EPS growth and lower than median growth of industry

The company delivered moderate EPS growth of -25.11% for 12-month ended 31 Mar 2026 and the growth was 24.23 percentage points lower than median growth of industry

What is EPS growth (1Y)?

Neutral

Company's earnings are of moderate quality

Earnings quality score of 45.3 indicates that the company's earnings are of moderate quality. Earnings quality is measured using combination of earnings persistence, probability of manipulation and earnings to cash conversion

What is Earnings quality score?

45.3 / 100

Moderate dividend yield

The company has a moderate dividend yield of 1.21%

What is Dividend yield?

Financial Snapshot

See detailed analysis

Multi-year trends for Finolex Industries Ltd. covering revenue, net profit, ROE, and EBITDA for a quick view of financial health over time.

Net Revenue FY

Profit After Tax FY

ROE FY

EBITDA FY

Finolex Industries Ltd. Shareholding Pattern

Quarterly breakdown of Finolex Industries Ltd. ownership including promoter, FII, DII, mutual fund, and public holdings as disclosed to NSE/BSE.

	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Total Promoter	52.47	52.47	52.47	52.47	52.47	52.47	52.47	52.47	52.47	52.47	52.47	52.47	52.47	52.47	52.47	52.47	52.47	52.47	52.47	52.47	52.47	52.47	52.47	52.47	52.47	52.47
Indian Promoter	52.47	52.47	52.47	52.47	52.47	52.47	52.47	52.47	52.47	52.47	52.47	52.47	52.47	52.47	52.47	52.47	52.47	52.47	52.47	52.47	52.47	52.47	52.47	52.47	52.47	52.47
Foreign Promoter	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Institutions	14.98	15.28	15.41	15.17	14.57	14.43	14.98	15.58	15.30	15.51	15.40	17.03	17.78	17.69	18.82	18.41	17.37	18.85	18.48	18.70	18.19	17.41	18.04	18.07	18.66	17.21
Mutual Funds / UTI	12.60	12.87	13.29	12.88	11.84	11.53	10.64	9.81	9.45	9.77	9.37	11.07	11.70	11.29	11.54	11.36	10.03	11.03	11.14	11.02	10.44	9.90	10.72	10.78	11.36	11.27
FI/Bank/Insurance	0.07	0.07	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.41	0.52	0.53	0.53	0.55	0.54	0.87	0.87	0.93	0.98	1.21	1.30	1.28	1.35	1.33	0.02
Govt	-	-	-	-	-	-	-	-	-	-	-	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
FII	2.31	2.35	2.12	2.28	2.73	2.87	4.31	5.74	5.81	5.69	5.59	5.40	5.51	5.81	6.66	6.45	6.41	6.90	6.40	6.64	6.48	6.03	5.93	5.87	5.87	5.85
Other Institutions	0.01	0.00	0.00	0.00	0.00	0.02	0.02	0.02	0.04	0.04	0.03	0.02	0.02	0.05	0.05	0.06	0.05	0.05	0.00	0.05	0.05	0.16	0.11	0.06	0.09	0.06
Non-Institution	32.55	32.25	32.12	32.36	32.96	33.10	32.54	31.95	32.22	32.02	32.12	30.49	29.75	29.83	28.71	29.13	30.17	28.67	29.05	28.83	29.34	30.12	29.49	29.46	28.87	30.32
Bodies Corporate	6.93	3.95	4.62	4.63	3.47	3.36	3.33	3.17	3.19	3.25	3.25	3.13	2.88	2.93	3.55	3.59	4.37	3.86	3.68	3.31	3.14	3.24	3.02	2.83	2.79	2.93
Others (incl. Retail) No. of shareholders	25.62 1,17,594	28.30 1,21,552	27.50 1,22,522	27.73 1,15,250	29.49 1,24,377	29.74 1,68,883	29.21 1,89,601	28.78 2,24,171	29.03 2,71,428	28.77 2,74,202	28.87 2,83,492	27.36 2,47,348	26.87 2,37,689	26.90 2,31,170	25.16 2,17,341	25.54 2,26,094	25.80 2,12,931	24.81 2,10,723	25.37 2,25,967	25.52 2,37,984	26.20 2,50,300	26.88 2,49,248	26.47 2,44,739	26.63 2,45,397	26.08 2,36,988	27.39 2,45,018

Holdings and Presence

Indices and prominent investors with a stake in this stock.

Index Presence

#	Index	Weight	Rank
1	SHI: Plastic Products - Industrial	9.33%	5 / 13
2	Nifty Microcap 250	0.55%	47 / 250
3	Nifty Total Market	0.03%	442 / 749

Prominent Investor Holdings

Bulk, Block and Insider Trades

Recent bulk deals, block deals, and insider trading activity in Finolex Industries Ltd. shares as reported to NSE and BSE.

Name	Date	Type	Price	Qty.	Value
Ishares Core Emerging Markets Mauritius Co	11 Oct 2022	sell	₹ 139.85	7.75 lac	₹ 10.85 cr
Ishares Core Msci Emerging Markets Etf	11 Oct 2022	buy	₹ 139.85	7.75 lac	₹ 10.85 cr
Ishares India Sc Mauritius Company	11 Oct 2022	sell	₹ 139.85	1.08 lac	₹ 1.51 cr
Ishares Msci India Small-Cap Etf	11 Oct 2022	buy	₹ 139.85	1.08 lac	₹ 1.51 cr
Ishares Core Emerging Markets Mauritius Co	19 Sep 2022	sell	₹ 142.90	8.28 lac	₹ 11.84 cr
Ishares Core Msci Emerging Markets Etf	19 Sep 2022	buy	₹ 142.90	8.28 lac	₹ 11.84 cr
Ishares India Sc Mauritius Company	19 Sep 2022	sell	₹ 142.90	1.14 lac	₹ 1.63 cr
Ishares Msci India Small-Cap Etf	19 Sep 2022	buy	₹ 142.90	1.14 lac	₹ 1.63 cr

Corporate Actions

History of Finolex Industries Ltd. dividends, bonus issues, stock splits, rights issues, and other corporate events.

Dividend₹ 2/share
Record date: 5th Sep 2025Ex-date: 4th Sep 2025
Announced on: 24th May 2025
Dividend₹ 1.60/share
Record date: 5th Sep 2025Ex-date: 4th Sep 2025
Announced on: 24th May 2025
Dividend₹ 2.50/share
Record date: 11th Sep 2024Ex-date: 11th Sep 2024
Announced on: 10th May 2024
Dividend₹ 1.50/share
Record date: 21st Aug 2023Ex-date: 21st Aug 2023
Announced on: 22nd May 2023
Dividend₹ 2/share
Record date: 23rd Aug 2022Ex-date: 22nd Aug 2022
Announced on: 18th May 2022

Company Profile

Overview of Finolex Industries Ltd. covering business description, industry classification, key management, financial ratios, and listed exchange details.

Finolex Industries Limited is an India-based backward-integrated pipes and fittings company. The Company is engaged in the business of manufacturing polyvinyl chloride (PVC) pipes and fittings and PVC resin. The Company operates through two segments: PVC and PVC pipes and fittings. Its diverse produ...

Key personnel

Mr. Chandan Verma

Chief Financial Officer

Mr. Dakshinamurthy Iyer

Compliance Officer, Company Secretary, Head - Legal

Mr. Saurabh Sarvottam Dhanorkar

Managing Director

Mr. Chandrakant Raut

Officer - Secretarial

Mr. Chandrakant Raut

Officer - Secretarial

Mr. Chandrakant Raut

Officer - Secretarial

Mr. Prakash Pralhad ChhabriaD

Executive Chairman of the Board

Mr. Saumya ChakrabartiD

Executive Director, Director- Technical

View all

Incorporated on

28 Mar 1981

Last Annual

31 Mar 2026

Last Interim

31 Mar 2026

No. of Employees

IPO date

03 Nov 1994

Free Float

25,12,78,228

Website

https://www.finolexpipes.com/

Phone no.

+18002003466

Address

IndiQube The Kode- 11th Floor, S. No.134, Hissa No. 1/38, Baner Pashan Link Road, PUNE, 411045, India

Frequently Asked Questions

What is the current share price of Finolex Industries Ltd.?

The current share price of Finolex Industries Ltd. is ₹ 165.03 as of 8 Jul 2026.

What is the market capitalisation of Finolex Industries Ltd.?

The market capitalisation of Finolex Industries Ltd. stands at ₹ 10,204.00 Cr.

What is the PE ratio of Finolex Industries Ltd.?

The Price-to-Earnings (PE) ratio of Finolex Industries Ltd. is 17.03 as of the latest trailing twelve months data.

What is the ROE and ROCE of Finolex Industries Ltd.?

Finolex Industries Ltd. has a Return on Equity (ROE) of 9.68% and a Return on Capital Employed (ROCE) of 8.76% as per the latest financial reports.

What is the 52-week high and low of Finolex Industries Ltd.?

The 52-week high of Finolex Industries Ltd. is - and the 52-week low is -.

What is the dividend yield of Finolex Industries Ltd.?

The dividend yield of Finolex Industries Ltd. is 1.21% based on the current market price.

What is the FII and DII holding in Finolex Industries Ltd.?

Foreign Institutional Investors (FII) hold 5.85%, Domestic Institutional Investors (DII) hold 11.29% and retail/public investors hold 27.39% of Finolex Industries Ltd. shares.

What sector does Finolex Industries Ltd. belong to?

Finolex Industries Ltd. operates in the Capital Goods sector. 42.86% of analysts have a Buy or Strong Buy rating on Finolex Industries Ltd. with a consensus target price of ₹ 212.00, implying 28.46% upside from current levels.

What is the beta of Finolex Industries Ltd.?

The beta of Finolex Industries Ltd. is 0.86, indicating its price volatility relative to the broader market. Over the past 1 year, Finolex Industries Ltd. has delivered an absolute return of -24.30%.

What is the RSI of Finolex Industries Ltd.?

The 14-day Relative Strength Index (RSI) of Finolex Industries Ltd. is 36.92, placing it approaching oversold territory. An RSI above 70 is considered overbought and below 30 is considered oversold.

Finolex Industries Ltd.

Stock Scores

Key Metrics

Share Price

Stock Analysis

Financial Snapshot

Finolex Industries Ltd. Shareholding Pattern

Holdings and Presence

Bulk, Block and Insider Trades

Corporate Actions

Company Profile

Frequently Asked Questions

Holdings and Presence

Company Profile

Corporate Actions

Stock Analysis