Finolex Industries Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Attractively valued vs sector (P/E 17x vs industry 52.7x)
- ✓Virtually debt-free
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HAL Hindustan Aeronautics Limited | ₹4,568 | ₹3.0L Cr | 33 | 7.44 | 24 | 32 | 0 |
| BEL Bharat Electronics Limited | ₹407 | ₹3.0L Cr | 49.4 | 12.41 | 27.6 | 36.5 | 0 |
| ABB ABB India Limited | ₹7,530 | ₹1.6L Cr | 104 | 20.35 | 22.4 | 29.9 | 0.01 |
| TMCV Tata Motors Limited | ₹412 +0.59% | ₹1.5L Cr | 38.6 | 10.71 | 34 | 35.9 | 0.44 |
| CUMMINSIND Cummins India Limited | ₹5,590 | ₹1.5L Cr | 62.3 | 18.27 | 30.2 | 39.5 | 0 |
| BHEL Bharat Heavy Electricals Limited | ₹417 | ₹1.5L Cr | 60.4 | 5.55 | 6.23 | 9.14 | 0.45 |
| CGPOWER CG Power and Industrial Solutions Limited | ₹912 | ₹1.4L Cr | 118 | 18.02 | 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
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
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% ▲700.0% | 1.0% ▼94.4% | 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 | 156d ▲44.4% | 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 | 56d ▼8.2% | 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 | 133d ▲66.3% | 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 | 247d ▲1135.0% | 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 | 13.0% ▲44.4% | 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 Goods · Industrial Products