| Quarterly Financials | Jun 2018 | Sept 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sept 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sept 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 |
Revenue  | 844 | 558 | 764 | 981 | 951 | 597 | 714 | 781 | 573 | 622 | 1,090 | 1,266 | 981 | 1,114 | 1,024 | 1,998 | 1,215 | 980 | 1,165 | 1,184 | 1,227 | 953 | 1,067 | 1,289 | 1,613 | 913 | 1,067 | 1,257 |
| Expenses | 662 | 418 | 618 | 818 | 820 | 495 | 561 | 665 | 474 | 441 | 720 | 839 | 758 | 784 | 764 | 1,330 | 1,065 | 1,084 | 1,033 | 924 | 1,027 | 780 | 900 | 1,027 | 934 | 818 | 918 | 1,001 |
| EBITDA | 182 | 140 | 146 | 163 | 131 | 103 | 153 | 116 | 100 | 181 | 370 | 427 | 223 | 329 | 261 | 668 | 150 | -105 | 133 | 260 | 200 | 173 | 167 | 263 | 679 | 95 | 149 | 256 |
| Operating Profit % | 20 % | 23 % | 18 % | 15 % | 13 % | 14 % | 20 % | 13 % | 16 % | 25 % | 32 % | 33 % | 22 % | 28 % | 24 % | 17 % | 10 % | -15 % | 8 % | 19 % | 13 % | 12 % | 12 % | 17 % | 18 % | 1 % | 8 % | 15 % |
| Depreciation | 16 | 17 | 20 | 18 | 17 | 19 | 19 | 19 | 19 | 19 | 20 | 20 | 20 | 21 | 21 | 22 | 21 | 22 | 23 | 24 | 34 | 27 | 28 | 27 | 26 | 26 | 27 | 27 |
| Interest | 5 | 3 | 2 | 2 | 1 | 0 | 2 | 9 | 3 | 1 | 1 | 2 | 5 | 0 | 1 | 8 | 11 | 4 | 5 | 7 | 9 | 13 | 8 | 7 | 7 | 7 | 10 | 6 |
| Profit Before Tax | 160 | 121 | 125 | 143 | 114 | 83 | 133 | 89 | 77 | 161 | 349 | 405 | 198 | 308 | 239 | 638 | 117 | -130 | 105 | 230 | 157 | 133 | 132 | 229 | 646 | 62 | 112 | 223 |
| Tax | 48 | 43 | 45 | 50 | 40 | -19 | 34 | 30 | 21 | 38 | 90 | 106 | 53 | 75 | 61 | 143 | 18 | -35 | 25 | 63 | 42 | 35 | 36 | 64 | 146 | 21 | 18 | 59 |
| Net Profit | 112 | 78 | 80 | 93 | 73 | 102 | 99 | 59 | 57 | 123 | 259 | 299 | 146 | 233 | 177 | 495 | 99 | -95 | 80 | 167 | 115 | 98 | 95 | 165 | 501 | 41 | 94 | 165 |
| EPS in ₹ | 9.05 | 6.27 | 6.43 | 7.51 | 5.90 | 8.24 | 7.94 | 0.95 | 4.57 | 1.98 | 4.18 | 4.82 | 2.35 | 3.76 | 2.86 | 7.98 | 1.60 | -1.54 | 1.28 | 2.68 | 1.86 | 1.58 | 1.54 | 2.67 | 8.10 | 0.66 | 1.52 | 2.66 |
Finolex Industries
218.20
-3.84
(-1.73%)
Market Cap
13,538.80 Cr
EPS
7.66
PE Ratio
28.18
Dividend Yield
1.64 %
Industry
Industrial Products52 Week High
355.90
52 Week Low
153.92
PB Ratio
2.22
Debt to Equity
0.09
Investment Returns
In Long Term
In Short Term
1 Year
0.00%
2 Years
0.00%
3 Years
0.00%
4 Years
0.00%
5 Years
0.00%
Analyst Rating
- By Refinitiv from14 analysts
Company News
View All News
Finolex Industries Expects Price Increase and Continued Growth2 days ago
Finolex Industries anticipates another price increase in June or July, driven by government initiatives. The company expects low capital expenditure for capacity increase in the pipes business, noting it's not highly capital-intensive. Finolex projects a close to double-digit growth trend to continue in both agricultural and non-agricultural segments, with internal calculations assuming a growth rate slightly above 10%.
Finolex Industries: Q4 Revenue and EBITDA Decline, Dividend Announced5 days ago
Finolex Industries reported a 5% decrease in Q4 revenue to ₹1,171.8 crore. EBITDA fell 18% to ₹171.3 crore, with margin contracting to 14.62%. Net profit remained flat at ₹165 crore. The board recommended a total dividend of ₹3.6 per share for FY2025.
Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
4,247.40 | #1 53,953.40 | 58.49 | #1 10,504.10 | 2.98 | #1 961 | -17.16 | 77.51 | |
1,501.80 | 40,343.60 | 77.04 | 5,683.50 | 9.61 | 546 | -1.77 | 65.49 | |
218.20 | #3 13,538.80 | #2 28.18 | #5 4,497.40 | #9 -0.46 | #3 474 | #7 -0.18 | 70.57 | |
4,730.20 | 10,989.40 | 33.21 | 1,716.10 | 15.94 | 203 | 34.60 | 76.56 | |
387.35 | 8,790.10 | #1 22.67 | 5,006.60 | 16.62 | 316 | 18.56 | 60.47 | |
1,839.70 | 8,453.90 | 90.82 | 650.40 | 6.34 | 57 | 48.19 | 59.21 | |
3,406.40 | 4,125.30 | 28.53 | 1,490.80 | 6.03 | 123 | 25.07 | 62.36 | |
57.62 | 3,871.00 | 115.24 | 6,151.90 | 5.80 | 91 | #1 360.75 | 56.79 | |
327.60 | 3,622.00 | 84.04 | 2,584.80 | -4.95 | 183 | -55.76 | 73.61 | |
469.15 | 2,066.50 | 66.15 | 990.90 | #1 312.87 | 43 | 43.48 | 67.46 |
Automatic Screeners on ScanX
Forecast
Actual
Growth Rate
Revenue Growth
-0.46 %
Net Income Growth
88.91 %
Cash Flow Change
14.83 %
ROE
64.58 %
ROCE
70.46 %
EBITDA Margin (Avg.)
85.90 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| Total Assets | 2,385 | 2,997 | 3,506 | 3,332 | 2,891 | 4,294 | 5,345 | 6,285 | 7,058 |
| Fixed Assets | 850 | 855 | 884 | 951 | 1,017 | 1,002 | 993 | 1,055 | 1,055 |
| Current Assets | 767 | 729 | 808 | 1,051 | 1,224 | 1,989 | 3,046 | 2,892 | 3,199 |
| Capital Work in Progress | 7 | 22 | 90 | 90 | 7 | 8 | 10 | 44 | 19 |
| Investments | 854 | 1,264 | 1,607 | 1,362 | 656 | 1,679 | 2,718 | 3,952 | 4,586 |
| Other Assets | 675 | 856 | 925 | 929 | 1,211 | 1,604 | 1,625 | 1,234 | 1,398 |
| Total Liabilities | 2,385 | 2,997 | 3,506 | 3,332 | 2,891 | 4,294 | 5,345 | 6,285 | 7,058 |
| Current Liabilities | 587 | 460 | 491 | 514 | 691 | 936 | 1,199 | 1,136 | 1,104 |
| Non Current Liabilities | 208 | 223 | 220 | 241 | 214 | 219 | 219 | 246 | 320 |
| Total Equity | 1,591 | 2,315 | 2,795 | 2,576 | 1,986 | 3,139 | 3,928 | 4,903 | 5,634 |
| Reserve & Surplus | 1,466 | 2,191 | 2,671 | 2,452 | 1,862 | 3,015 | 3,804 | 4,779 | 5,511 |
| Share Capital | 124 | 124 | 124 | 124 | 124 | 124 | 124 | 124 | 124 |
Cash Flow
| Cash Flow | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| Net Cash Flow | -2 | 4 | 1 | -0 | 51 | -26 | -8 | -15 | -6 |
| Investing Activities | -77 | 35 | -162 | -228 | 49 | -877 | -440 | -294 | -83 |
| Operating Activities | 569 | 252 | 338 | 391 | 106 | 941 | 622 | 308 | 353 |
| Financing Activities | -494 | -282 | -175 | -163 | -105 | -90 | -190 | -29 | -277 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 |
| 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 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 6.67 % | 6.45 % | 6.41 % | 6.89 % | 6.40 % | 6.64 % | 6.48 % |
| DIIs | 11.85 % | 11.53 % | 10.65 % | 9.82 % | 9.45 % | 9.78 % | 9.78 % | 11.62 % | 12.26 % | 11.87 % | 12.14 % | 11.95 % | 10.95 % | 11.96 % | 12.07 % | 12.05 % | 11.70 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % |
| Public / Retail | 26.83 % | 26.86 % | 26.69 % | 26.56 % | 26.92 % | 27.11 % | 26.79 % | 24.55 % | 24.07 % | 24.14 % | 22.45 % | 22.83 % | 22.97 % | 22.04 % | 22.48 % | 22.62 % | 22.87 % |
| Others | 8.85 % | 9.13 % | 10.20 % | 11.16 % | 11.15 % | 10.65 % | 10.95 % | 11.35 % | 11.20 % | 11.51 % | 6.26 % | 6.30 % | 7.19 % | 6.64 % | 6.57 % | 6.21 % | 6.47 % |
| No of Share Holders | 1,25,069 | 1,69,648 | 1,90,417 | 2,25,044 | 2,72,282 | 2,75,060 | 2,84,347 | 2,48,095 | 2,38,404 | 2,31,913 | 2,18,094 | 2,26,844 | 2,13,679 | 2,11,507 | 2,26,758 | 2,38,785 | 2,51,087 |
Dividend History
Dividends per share (FY)
Dividend yield (FY) %
Dividends per share (FY)
Dividend yield (FY) %
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 11.5 | 10 | 10 | 10 | 4 | 4 | 1.5 | 2.5 | 0.00 |
| Dividend Yield (%) | 0.00 | 8.72 | 10.22 | 12.73 | 7.86 | 2.59 | 2.3 | 0.61 | 1.39 | 0.00 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 23 May 2025 |  Quarterly Result Announcement | NA | 23 May 2025 | 190.74 | 195.90 |
| 06 Feb 2025 | Quarterly Result Announcement | NA | 06 Feb 2025 | 204.80 | 202.95 |
| 24 Oct 2024 | Quarterly Result Announcement | NA | 24 Oct 2024 | 322.65 | 301.30 |
| 18 Sept 2024 |  Annual General Meeting | NA | 18 Sept 2024 | 290.40 | 304.40 |
| 11 Sept 2024 |  Dividend | ₹ 2.50 /share | 11 Sept 2024 | 268.40 | 311.65 |
| 22 Aug 2023 | Dividend | ₹ 1.50 /share | 21 Aug 2023 | 190.25 | 206.25 |
| 24 Sept 2022 | Dividend | ₹ 2.00 /share | 22 Aug 2022 | 147.00 | 143.80 |
| 24 Aug 2022 | Dividend | ₹ 2.00 /share | 22 Aug 2022 | 147.00 | 143.85 |
| 16 Sept 2021 | Dividend | ₹ 2.00 /share | 14 Sept 2021 | 171.25 | 192.75 |
| 16 Sept 2021 | Dividend | ₹ 2.00 /share | 14 Sept 2021 | 171.25 | 192.75 |
Announcements
Compliances-Reg.24(A)-Annual Secretarial Compliance
1 day ago
1 day agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome3 days ago
3 days agoAnnouncement under Regulation 30 (LODR)-Newspaper Publication4 days ago
4 days agoAnnouncement under Regulation 30 (LODR)-Investor Presentation6 days ago
6 days agoAppointment Of Cost Auditors And Change In Internal Auditors Of The Company6 days ago
6 days agoAnnouncement Under Regulation 30 (LODR) - Changes In Senior Management Personnel6 days ago
6 days agoAnnouncement under Regulation 30 (LODR)-Press Release / Media Release6 days ago
6 days agoCorporate Action-Board approves Dividend6 days ago
6 days agoResults - For The Quarter And Year Ended 31St March 20256 days ago
6 days agoBoard Meeting Outcome for Outcome Of The Board Meeting Held On Friday 23Rd May 20256 days ago
6 days agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 16, 2025
May 16, 2025Corporate Action-Board to consider DividendMay 16, 2025
May 16, 2025Board Meeting Intimation for Considering And Approving The Audited Standalone And Consolidated Financial Results Of The Company For The Quarter And Year Ended 31St March 2025May 16, 2025
May 16, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Apr 03, 2025
Apr 03, 2025Announcement under Regulation 30 (LODR)-Change in ManagementApr 01, 2025
Apr 01, 2025Closure of Trading WindowMar 27, 2025
Mar 27, 2025Announcement under Regulation 30 (LODR)-Change in ManagementMar 03, 2025
Mar 03, 2025Announcement under Regulation 30 (LODR)-Change in ManagementFeb 15, 2025
Feb 15, 2025Announcement under Regulation 30 (LODR)-Credit RatingFeb 15, 2025
Feb 15, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptFeb 14, 2025
Feb 14, 2025Integrated Filing (Governance)Feb 14, 2025
Feb 14, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeFeb 10, 2025
Feb 10, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationFeb 08, 2025
Feb 08, 2025Integrated Filing (Financial)Feb 06, 2025
Feb 06, 2025Announcement under Regulation 30 (LODR)-Investor PresentationFeb 06, 2025
Feb 06, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseFeb 06, 2025
Feb 06, 2025Board Meeting Outcome for Outcome Of Board Meeting Held On 6Th February 2025Feb 06, 2025
Feb 06, 2025Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Nine Months Ended 31St December 2024Feb 06, 2025
Feb 06, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJan 30, 2025
Jan 30, 2025Board Meeting Intimation for Consideration And Approval Of Un-Audited Financial Results Of The Company For The Quarter And Nine Months Ended 31St December 2024Jan 30, 2025
Jan 30, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jan 15, 2025
Jan 15, 2025Minutes Of Postal Ballot Meeting Dated 14Th December 2024Jan 10, 2025
Jan 10, 2025Clarification Relating To Spurt In VolumeDec 30, 2024
Dec 30, 2024Clarification sought from Finolex Industries LtdDec 30, 2024
Dec 30, 2024Closure of Trading WindowDec 27, 2024
Dec 27, 2024Shareholder Meeting / Postal Ballot-Scrutinizers ReportDec 17, 2024
Dec 17, 2024Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseNov 20, 2024
Nov 20, 2024Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate CertificateNov 19, 2024
Nov 19, 2024Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 15, 2024
Nov 15, 2024Shareholder Meeting / Postal Ballot-Notice of Postal BallotNov 14, 2024
Nov 14, 2024Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeOct 30, 2024
Oct 30, 2024Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationOct 28, 2024
Oct 28, 2024Announcement under Regulation 30 (LODR)-Newspaper PublicationOct 26, 2024
Oct 26, 2024Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeOct 25, 2024
Oct 25, 2024Announcement under Regulation 30 (LODR)-Investor PresentationOct 24, 2024
Oct 24, 2024Disclosure Under Regulation30(5) Of The SEBI(Listing Obligations And Disclosure Requirement) Regulations, 2015Oct 24, 2024
Oct 24, 2024Announcement under Regulation 30 (LODR)-Change in DirectorateOct 24, 2024
Oct 24, 2024Board Meeting Outcome for Outcome Of Board MeetingOct 24, 2024
Oct 24, 2024Outcome Of The Board MeetingOct 24, 2024
Oct 24, 2024Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationOct 18, 2024
Oct 18, 2024Technical Indicators
RSI(14)
Neutral 70.57
ATR(14)
Less Volatile 9.08
STOCH(9,6)
Neutral 79.57
STOCH RSI(14)
Overbought 84.76
MACD(12,26)
Bullish 3.80
ADX(14)
Strong Trend 34.21
UO(9)
Bearish 58.52
ROC(12)
Uptrend But Slowing Down 18.99
WillR(14)
Neutral -25.28
Mutual Fund Holdings
| Funding House | No of Shares | Current Holding % | 1M Change % | 3M Change % | Month | |
|---|---|---|---|---|---|---|
 Mahindra Manulife Small Cap Fund Direct - Growth | 0 | 0.00% | -0.93% | -0.97% | Apr 2025 | |
 Sundaram Multi Cap Fund Direct-Growth | 649673 | 0.43% | -0.57% | -0.60% | Apr 2025 | |
 Navi Nifty Smallcap250 Momentum Quality 100 Index Fund Direct - Growth | 0 | 0.00% | -0.39% | 0.00% | Apr 2025 | |
 ITI Value Fund Direct - Growth | 176180 | 1.02% | 0.13% | 0.10% | Apr 2025 | |
 SBI Small Cap Fund Direct-Growth | 34595699 | 1.90% | -0.12% | -0.18% | Apr 2025 | |
| Sundaram Balanced Advantage Fund Direct-Growth | 217913 | 0.25% | -0.11% | -0.11% | Apr 2025 | |
 Bandhan Multi Cap Fund Direct-Growth | 1100000 | 0.77% | 0.10% | 0.23% | Apr 2025 | |
| Navi Nifty 500 Multicap 50:25:25 Index Fund Direct-Growth | 0 | 0.00% | -0.07% | -0.07% | Apr 2025 | |
 Franklin India Smaller Companies Fund Direct-Growth | 5096450 | 0.71% | -0.06% | -0.06% | Apr 2025 | |
 HDFC Retirement Savings Fund Equity Plan Direct-Growth | 1500000 | 0.42% | -0.03% | -0.04% | Apr 2025 | |
 Canara Robeco Small Cap Fund Direct - Growth | 2566847 | 0.39% | -0.03% | -0.04% | Apr 2025 | |
 Aditya Birla Sun Life Manufacturing Equity Fund Direct-Growth | 250000 | 0.44% | 0.03% | 0.01% | Apr 2025 | |
 HSBC Small Cap Fund Direct-Growth | 5984579 | 0.71% | -0.03% | -0.06% | Apr 2025 | |
| Sundaram Aggressive Hybrid Fund Direct-Growth | 1040041 | 0.31% | -0.03% | -0.04% | Apr 2025 | |
| Aditya Birla Sun Life Conglomerate Fund Direct - Growth | 433973 | 0.51% | -0.03% | 0.00% | Apr 2025 | |
| ITI ELSS Tax Saver Fund Direct - Growth | 105259 | 0.48% | -0.02% | -0.04% | Apr 2025 | |
 Edelweiss Nifty Smallcap 250 Index Fund Direct - Growth | 19436 | 0.28% | -0.02% | -0.04% | Apr 2025 | |
| Templeton India Equity Income Direct Plan-Growth | 500000 | 0.37% | -0.02% | -0.01% | Apr 2025 | |
 Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund Direct - Growth | 17789 | 0.26% | -0.02% | 0.01% | Apr 2025 | |
| Bandhan Nifty Smallcap 250 Index Fund Direct-Growth | 8191 | 0.28% | -0.02% | -0.04% | Apr 2025 | |
 Nippon India Nifty 500 Equal Weight Index Fund Direct-Growth | 41130 | 0.18% | -0.02% | 0.01% | Apr 2025 | |
| Nippon India Nifty Smallcap 250 Index Fund Direct - Growth | 331348 | 0.28% | -0.02% | -0.04% | Apr 2025 | |
| Aditya Birla Sun Life Business Cycle Fund Direct-Growth | 345286 | 0.35% | -0.02% | -0.02% | Apr 2025 | |
 ICICI Prudential Nifty Smallcap 250 Index Fund Direct - Growth | 73604 | 0.29% | -0.02% | -0.03% | Apr 2025 | |
 Motilal Oswal Nifty Smallcap 250 Index Fund Direct - Growth | 134128 | 0.28% | -0.02% | -0.03% | Apr 2025 |
About Finolex Industries
Finolex Industries Ltd is an India-based manufacturer of PVC pipes, fittings, and resin. The company operates two main segments: PVC production and PVC pipes and fittings manufacturing. It offers products for plumbing, sanitation, and agriculture applications. Finolex has manufacturing facilities in Maharashtra and Gujarat, with a total production capacity of 400,000 metric tons per annum for pipes and fittings, and 272,000 MT per annum for PVC resin. The company has a network of over 21,000 retail outlets supported by more than 900 dealers and sub-dealers across India. Finolex is known for being India's largest and only backward-integrated PVC pipes and fittings manufacturer. In 2023, the company commenced operations of a new PVC fittings manufacturing facility in Talegaon, Pune.
Website
Chairperson NameS S Dhanorkar
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