Finolex Industries Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Attractively valued vs sector (P/E 16x vs industry 48.4x)
- Virtually debt-free
Concerns
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HAL Hindustan Aeronautics Limited | ₹4,856 | ₹3.2L Cr | 34.8 | 7.91 | 24 | 32 | 0 |
| BEL Bharat Electronics Limited | ₹405 | ₹3.0L Cr | 48.2 | 12.36 | 27.4 | 36.4 | 0 |
| TMCV Tata Motors Limited | ₹475 −0.03% | ₹1.7L Cr | 22.7 | 10.71 | 34 | 35.9 | 0.44 |
| ABB ABB India Limited | ₹7,410 | ₹1.6L Cr | 102 | 16.8 | 22.4 | 29.9 | 0.02 |
| BHEL Bharat Heavy Electricals Limited | ₹431 | ₹1.5L Cr | 61.7 | 5.74 | 6.23 | 9.14 | 0.45 |
| SIEMENS Siemens Limited | ₹3,977 | ₹1.4L Cr | 94.2 | 10.22 | 19.2 | 21.4 | 0.01 |
| CGPOWER CG Power and Industrial Solutions Limited | ₹891 | ₹1.4L Cr | 110 | 17.61 | 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
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
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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