Finolex Industries Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Attractively valued vs sector (P/E 14.4x vs industry 47.1x)
- Virtually debt-free
- Near 52-week low — potential value zone (₹140)
Concerns
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HAL Hindustan Aeronautics Limited | ₹4,850 | ₹3.2L Cr | 33.9 | 7.9 | 24 | 32 | 0 |
| BEL Bharat Electronics Limited | ₹363 | ₹2.6L Cr | 43 | 11.08 | 27.4 | 36.4 | 0 |
| TMCV Tata Motors Limited | ₹— | ₹1.5L Cr | 20.4 | 10.71 | 34 | 35.9 | 0.44 |
| BHEL Bharat Heavy Electricals Limited | ₹405 | ₹1.3L Cr | 46.9 | 5.28 | 6.23 | 9.14 | 0.22 |
| ABB ABB India Limited | ₹6,490 | ₹1.3L Cr | 84.4 | 14.72 | 22.4 | 29.9 | 0.02 |
| ENRIN Siemens Energy India Limited | ₹2,840 | ₹1.3L Cr | 98.46 | 26.82 | — | — | 0.04 |
| CGPOWER CG Power and Industrial Solutions Limited | ₹832 | ₹1.3L Cr | 91.7 | 15 | 20.5 | 26.7 | 0.02 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
FINPIPE · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 52.47% | 52.47% | 52.47% | 52.47% | 52.47% | 52.47% |
| FII | 6.45% | 6.41% | 6.90% | 6.40% | 6.64% | 6.48% |
| DII | 11.95% | 10.95% | 11.95% | 12.07% | 12.05% | 11.70% |
| Public | 28.76% | 29.82% | 28.32% | 28.69% | 28.47% | 28.99% |
| Govt | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| Others | 0.34% | 0.34% | 0.35% | 0.35% | 0.35% | 0.35% |
Corporate Events
To consider and approve the Un-audited (Standalone and Consolidated) Financial Results of the Company for the Quarter and Half Year ended September 30, 2026
Dividend - Rs 2 Per Share & Special Dividend Re 0.75 Per Share
Board Meeting Intimation for considering and approving the Unaudited (Standalone and Consolidated) Financial Results of the Company for the Quarter ended June 30, 2026
Dividend - Rs 2 Per Share & Special Dividend - Rs 1.60 Per Share
Record: 4 Sept 2025
Annual General Meeting/Dividend - Rs 2.50 Per Share
Annual General Meeting/Dividend - Rs 1.50 Per Share
Latest News
All newsFinolex Industries to host analyst and investor meet
*Finolex Industries to host analyst and investor meet.* The company shared the schedule for its upcoming investor presentation. No financial updates or guidance changes were disclosed. This is a routine corporate communication. 📊 *STOCKS:* $FINOLEXIND | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Finolex
Finolex Industries issues notice for re-lodgement of physical share transfers
*Finolex Industries issues notice for re-lodgement of physical share transfers.* The company published a notice regarding a special window for re-submitting physical share transfer requests. This is part of ongoing compliance efforts to streamline shareholding records. No financial impact is expected. 📊 *STOCKS:* $FINOLEXIND | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #ShareTransfer
Finolex Industries to discuss Q1FY27 financial results
*Finolex Industries to discuss Q1FY27 financial results.* The company is hosting an analyst and institutional investor meet to review its recent quarterly performance. Details on revenue, margins, and guidance will be shared. No major announcements expected beyond results commentary. 📊 *STOCKS:* $FINOLEXIND | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Earnings
Financials
Quarterly Results
| Metric | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1.3K Cr 46.3% | ₹898 Cr 4.5% | ₹859 Cr 17.6% | ₹1.0K Cr 11.0% | ₹1.2K Cr 17.1% | ₹1.0K Cr 20.9% | ₹828 Cr 27.4% | ₹1.1K Cr |
| Op. Profit | ₹332 Cr 169.9% | ₹123 Cr 5.4% | ₹130 Cr 38.3% | ₹94 Cr 45.0% | ₹171 Cr 106.0% | ₹83 Cr 654.5% | ₹11 Cr 94.7% | ₹207 Cr |
| OPM | 25.0% 78.6% | 14.0% 6.7% | 15.0% 66.7% | 9.0% 40.0% | 15.0% 87.5% | 8.0% 515.4% | 1.3% 92.8% | 18.0% |
| Net Profit | ₹261 Cr 125.0% | ₹116 Cr 6.5% | ₹124 Cr 26.5% | ₹98 Cr 40.6% | ₹165 Cr 75.5% | ₹94 Cr 129.3% | ₹41 Cr 91.8% | ₹501 Cr |
| EPS (₹) | 4.21 125.1% | 1.87 6.0% | 1.99 25.9% | 1.58 40.4% | 2.65 74.3% | 1.52 130.3% | 0.66 91.8% | 8.07 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹4.1K Cr 0.7% | ₹4.1K Cr 4.1% | ₹4.3K Cr 1.8% | ₹4.4K Cr 5.4% | ₹4.6K Cr 34.2% | ₹3.5K Cr 16.0% | ₹3.0K Cr 3.4% | ₹3.1K Cr 12.9% | ₹2.7K Cr 5.2% | ₹2.6K Cr |
| Expenses | ₹3.4K Cr 6.3% | ₹3.7K Cr 1.8% | ₹3.7K Cr 9.1% | ₹4.1K Cr 13.3% | ₹3.6K Cr 46.6% | ₹2.5K Cr 2.5% | ₹2.5K Cr 2.0% | ₹2.5K Cr 10.4% | ₹2.3K Cr 10.5% | ₹2.0K Cr |
| Op. Profit | ₹679 Cr 42.6% | ₹476 Cr 18.6% | ₹585 Cr 99.7% | ₹293 Cr 71.4% | ₹1.0K Cr 3.3% | ₹990 Cr 121.0% | ₹448 Cr 25.8% | ₹604 Cr 24.8% | ₹484 Cr 14.0% | ₹563 Cr |
| OPM | 16.0% 33.3% | 12.0% 14.3% | 14.0% 100.0% | 7.0% 68.2% | 22.0% 24.1% | 29.0% 93.3% | 15.0% 25.0% | 20.0% 11.1% | 18.0% 18.2% | 22.0% |
| Other Income | ₹254 Cr 63.9% | ₹703 Cr 222.5% | ₹218 Cr 50.3% | ₹145 Cr 68.3% | ₹457 Cr 425.3% | ₹87 Cr 58.2% | ₹55 Cr 111.5% | ₹26 Cr 35.0% | ₹40 Cr 25.0% | ₹32 Cr |
| Interest | ₹21 Cr 30.0% | ₹30 Cr 16.7% | ₹36 Cr 33.3% | ₹27 Cr 92.9% | ₹14 Cr 100.0% | ₹7 Cr 36.4% | ₹11 Cr 8.3% | ₹12 Cr 20.0% | ₹10 Cr 33.3% | ₹15 Cr |
| Depreciation | ₹107 Cr 0.0% | ₹107 Cr 7.8% | ₹116 Cr 30.3% | ₹89 Cr 7.2% | ₹83 Cr 6.4% | ₹78 Cr 5.4% | ₹74 Cr 5.7% | ₹70 Cr 14.8% | ₹61 Cr 10.9% | ₹55 Cr |
| PBT | ₹805 Cr 22.8% | ₹1.0K Cr 60.2% | ₹651 Cr 102.8% | ₹321 Cr 76.8% | ₹1.4K Cr 39.4% | ₹992 Cr 137.3% | ₹418 Cr 23.7% | ₹548 Cr 20.7% | ₹454 Cr 13.5% | ₹525 Cr |
| Tax % | 26.0% 13.0% | 23.0% 14.8% | 27.0% 22.7% | 22.0% 8.3% | 24.0% 7.7% | 26.0% 30.0% | 20.0% 39.4% | 33.0% 0.0% | 33.0% 3.1% | 32.0% |
| Net Profit | ₹599 Cr 25.1% | ₹800 Cr 68.8% | ₹474 Cr 88.8% | ₹251 Cr 76.1% | ₹1.1K Cr 42.4% | ₹738 Cr 121.6% | ₹333 Cr 9.3% | ₹367 Cr 19.9% | ₹306 Cr 13.8% | ₹355 Cr |
| EPS (₹) | 9.65 25.1% | 12.89 68.9% | 7.63 88.9% | 4.04 76.2% | 16.94 42.5% | 11.89 121.8% | 5.36 9.5% | 5.92 19.8% | 4.94 13.6% | 5.72 |
| Div Payout | 28.0% 0.0% | 28.0% 15.2% | 33.0% 10.8% | 37.0% 54.2% | 24.0% 29.4% | 34.0% 8.1% | 37.0% 8.8% | 34.0% 17.1% | 41.0% 2.5% | 40.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹124 Cr 0.0% | ₹124 Cr 0.0% | ₹124 Cr 0.0% | ₹124 Cr 0.0% | ₹124 Cr 0.0% | ₹124 Cr 0.0% | ₹124 Cr 0.0% | ₹124 Cr 0.0% | ₹124 Cr 0.0% | ₹124 Cr |
| Reserves | ₹6.1K Cr 2.0% | ₹6.0K Cr 8.4% | ₹5.5K Cr 15.3% | ₹4.8K Cr 25.6% | ₹3.8K Cr 26.2% | ₹3.0K Cr 61.9% | ₹1.9K Cr 24.1% | ₹2.5K Cr 8.2% | ₹2.7K Cr 21.9% | ₹2.2K Cr |
| Borrowings | ₹446 Cr 88.2% | ₹237 Cr 39.8% | ₹394 Cr 27.2% | ₹541 Cr 94.6% | ₹278 Cr 36.3% | ₹204 Cr 27.9% | ₹283 Cr 214.4% | ₹90 Cr 10.9% | ₹101 Cr 7.4% | ₹94 Cr |
| Other Liabilities | ₹935 Cr 10.8% | ₹1.0K Cr 1.7% | ₹1.0K Cr 22.5% | ₹841 Cr 26.2% | ₹1.1K Cr 19.9% | ₹951 Cr 52.6% | ₹623 Cr 6.5% | ₹666 Cr 9.2% | ₹610 Cr 3.7% | ₹588 Cr |
| Total Liabilities | ₹7.6K Cr 2.9% | ₹7.4K Cr 4.6% | ₹7.1K Cr 12.3% | ₹6.3K Cr 17.6% | ₹5.3K Cr 24.5% | ₹4.3K Cr 48.5% | ₹2.9K Cr 13.2% | ₹3.3K Cr 5.0% | ₹3.5K Cr 17.0% | ₹3.0K Cr |
Assets | ||||||||||
| Fixed Assets | ₹1.0K Cr 0.9% | ₹1.0K Cr 4.5% | ₹1.1K Cr 0.0% | ₹1.1K Cr 6.2% | ₹993 Cr 0.9% | ₹1.0K Cr 1.5% | ₹1.0K Cr 6.9% | ₹951 Cr 7.6% | ₹884 Cr 3.4% | ₹855 Cr |
| CWIP | ₹28 Cr 61.6% | ₹73 Cr 284.2% | ₹19 Cr 56.8% | ₹44 Cr 388.9% | ₹9 Cr 12.5% | ₹8 Cr 14.3% | ₹7 Cr 92.2% | ₹90 Cr 0.0% | ₹90 Cr 309.1% | ₹22 Cr |
| Investments | ₹5.0K Cr 1.2% | ₹4.9K Cr 7.1% | ₹4.6K Cr 16.0% | ₹4.0K Cr 45.4% | ₹2.7K Cr 61.9% | ₹1.7K Cr 155.9% | ₹656 Cr 51.8% | ₹1.4K Cr 15.2% | ₹1.6K Cr 27.1% | ₹1.3K Cr |
| Other Assets | ₹1.6K Cr 13.7% | ₹1.4K Cr 0.5% | ₹1.4K Cr 13.3% | ₹1.2K Cr 24.1% | ₹1.6K Cr 1.3% | ₹1.6K Cr 32.5% | ₹1.2K Cr 30.4% | ₹929 Cr 0.4% | ₹925 Cr 8.1% | ₹856 Cr |
| Total Assets | ₹7.6K Cr 2.9% | ₹7.4K Cr 4.6% | ₹7.1K Cr 12.3% | ₹6.3K Cr 17.6% | ₹5.3K Cr 24.5% | ₹4.3K Cr 48.5% | ₹2.9K Cr 13.2% | ₹3.3K Cr 5.0% | ₹3.5K Cr 17.0% | ₹3.0K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹192 Cr 49.9% | ₹383 Cr 8.5% | ₹353 Cr 14.6% | ₹308 Cr 50.5% | ₹622 Cr 33.9% | ₹941 Cr 787.7% | ₹106 Cr 72.9% | ₹391 Cr 15.7% | ₹338 Cr 34.1% | ₹252 Cr |
| Investing CF | ₹-156 Cr 2050.0% | ₹8 Cr 109.6% | ₹-83 Cr 71.8% | ₹-294 Cr 33.2% | ₹-440 Cr 49.8% | ₹-877 Cr 1889.8% | ₹49 Cr 121.5% | ₹-228 Cr 40.7% | ₹-162 Cr 562.9% | ₹35 Cr |
| Financing CF | ₹-49 Cr 86.0% | ₹-349 Cr 26.0% | ₹-277 Cr 855.2% | ₹-29 Cr 84.7% | ₹-190 Cr 111.1% | ₹-90 Cr 14.3% | ₹-105 Cr 35.6% | ₹-163 Cr 6.9% | ₹-175 Cr 37.9% | ₹-282 Cr |
| Net Cash Flow | ₹-13 Cr 131.0% | ₹42 Cr 800.0% | ₹-6 Cr 60.0% | ₹-15 Cr 87.5% | ₹-8 Cr 69.2% | ₹-26 Cr 151.0% | ₹51 Cr | ₹0 Cr 100.0% | ₹1 Cr 75.0% | ₹4 Cr |
| Free Cash Flow | ₹133 Cr 50.4% | ₹268 Cr 0.4% | ₹267 Cr 90.7% | ₹140 Cr 84.7% | ₹918 Cr 4.8% | ₹876 Cr 1804.3% | ₹46 Cr 84.1% | ₹289 Cr 74.1% | ₹166 Cr 5.7% | ₹157 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 32d 3.0% | 33d 15.4% | 39d 56.0% | 25d 3.8% | 26d 62.5% | 16d 77.8% | 9d 0.0% | 9d 50.0% | 6d 14.3% | 7d |
| Inventory Days | 159d 47.2% | 108d 9.1% | 99d 22.2% | 81d 38.6% | 132d 25.0% | 176d 7.3% | 164d 36.7% | 120d 6.3% | 128d 0.0% | 128d |
| Days Payable | 57d 6.6% | 61d 56.4% | 39d 11.4% | 35d 41.7% | 60d 28.6% | 84d 90.9% | 44d 20.0% | 55d 5.8% | 52d 0.0% | 52d |
| Cash Conv. Cycle | 134d 67.5% | 80d 18.4% | 98d 38.0% | 71d 27.6% | 98d 9.3% | 108d 16.3% | 129d 74.3% | 74d 8.6% | 81d 2.4% | 83d |
| Working Capital Days | 32d 60.0% | 20d 53.8% | 13d 316.7% | -6d 135.3% | 17d 22.7% | 22d 43.6% | 39d 18.2% | 33d 3.1% | 32d 14.3% | 28d |
| ROCE | 12.0% 33.3% | 9.0% 18.2% | 11.0% 57.1% | 7.0% 74.1% | 27.0% 25.0% | 36.0% 111.8% | 17.0% 19.0% | 21.0% 23.5% | 17.0% 32.0% | 25.0% |
Source: Screener.in · Lower days = better efficiency
About Finolex Industries Limited
Finolex Industries Limited (FIL) is a leading manufacturer of PVC Resin and the largest producer of PVC Pipes & Fittings in India. The Company offers the latest range of superior quality and durable PVC-U pipes and fittings used in agriculture, construction and industrial operations. Its product portfolio consists of two major divisions: PVC Resin PVC Pipes & Fittings [1]
Capital GoodsIndustrial Products