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Finolex Industries

Finolex Industries

188.04
+0.90
(0.48%)
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Key Fundamentals
Add Ratio
Market Cap
11,667.40 Cr
EPS
12.94
PE Ratio
24.29
Dividend Yield
1.91 %
Industry
Industrial Products
52 Week High
278.55
52 Week Low
153.92
PB Ratio
1.97
Debt to Equity
0.05
Sector
Plastic Products - Industrial
Analyst Rating and Forecast
- By Refinitiv from16 analysts
BUY
Analysts have suggested that investors can buy this stock
Buy
Buy+56.25 %
+56.25 %
Hold
Hold+37.50 %
+37.50 %
Sell
Sell+6.25 %
+6.25 %
Forecast For
Actual

Company News

View All News
Caret
positive
Finolex Industries Reports Strong Q2 Performance with Net Profit Rising to 1.2 Billion Rupees6 days ago
Finolex Industries delivered strong quarterly results with net profit increasing to 1.2 billion rupees from 514.4 million rupees year-over-year. Revenue grew to 8.6 billion rupees compared to 8.28 billion rupees in the same period last year. EBITDA surged significantly to 1.3 billion rupees from 120 million rupees year-over-year, while EBITDA margin expanded substantially to 15.02% from 1.45% in the previous year.
positive
Finolex Industries Reports Strong Q2 Performance with EBITDA Surge to 1.3B Rupees8 days ago
Finolex Industries delivered robust quarterly results with EBITDA jumping to 1.3 billion rupees from 120 million rupees year-over-year. The company's EBITDA margin expanded significantly to 15.02% compared to 1.45% in the same period last year. Net profit increased to 1.2 billion rupees from 514.4 million rupees year-over-year, while revenue grew to 8.6 billion rupees from 8.28 billion rupees in the corresponding period.
neutral
Finolex Industries Reports Muted Q1 Performance with 2% Volume Growth Despite Weak DemandAug 11, 2025
Finolex Industries reported modest growth in pipes and fittings volume of 2% to 92,129 metric tons in Q1, despite weak overall demand. Total income from operations declined 9% to INR 1,043 crores due to weaker sales realizations from PVC price volatility. EBITDA dropped significantly to INR 94 crores from INR 207 crores in the previous year. The company will now report as a single entity rather than splitting PVC resin and pipes segments, as PVC resin is almost entirely for captive consumption. The company maintains a strong balance sheet with net cash surplus of INR 2,533 crores. Management expects high single-digit growth going forward and anticipates double-digit industry growth for the year. A new Managing Director has been approved by the Board and will join soon, with current MD Saurabh Dhanorkar continuing in an advisory capacity.
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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
Supreme Industries
3,709.80
#1 47,124.40
55.58
#1 10,504.10
2.98
#1 961
-20.28
30.21
Astral
1,514.00
40,671.30
80.63
5,873.70
3.35
519
24.01
55.17
Shaily Engineering Plastics
2,622.80
12,053.10
82.52
789.10
21.33
93
134.25
65.74
Finolex Industries
188.04
#4 11,667.40
#2 24.29
#5 4,388.60
#9 -2.42
#2 800
#2 203.69
42.73
Time Technoplast
205.71
9,336.30
24.72
5,462.30
9.10
394
17.43
41.57
Garware Hi-Tech Films
3,760.90
8,214.30
26.77
2,163.80
#1 26.09
331
-12.56
66.22
Kingfa Science & Technology
4,269.90
5,786.30
36.47
1,754.10
17.66
153
10.19
35.34
Prince Pipes & Fittings
313.30
3,463.90
149.14
2,537.70
-1.82
43
-0.68
42.64
Jain Irrigation Systems
47.54
3,397.30
64.32
5,793.20
-5.83
26
#1 215.91
37.06
Jai Corp
149.49
2,623.60
#1 16.99
559.50
11.97
67
56.14
42.23
Growth Rate
Revenue Growth
-2.42 %
Net Income Growth
68.92 %
Cash Flow Change
8.32 %
ROE
56.00 %
ROCE
45.15 %
EBITDA Margin (Avg.)
-3.23 %

Quarterly Financial Results

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
Jun 2025
Sept 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
1,113
926
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
950
729
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
163
198
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 %
9 %
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
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
6
4
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
131
166
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
33
43
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
98
124
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
1.59
2.00
Above figures are in Rs. Crores

Balance Sheet

Balance Sheet
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Total Assets
2,385
2,997
3,506
3,332
2,891
4,294
5,345
6,285
7,058
7,382
Fixed Assets
850
855
884
951
1,017
1,002
993
1,055
1,055
1,008
Current Assets
767
729
808
1,051
1,224
1,989
3,046
2,892
3,199
3,476
Capital Work in Progress
7
22
90
90
7
8
10
44
19
73
Investments
854
1,264
1,607
1,362
656
1,679
2,718
3,952
4,586
4,910
Other Assets
675
856
925
929
1,211
1,604
1,625
1,234
1,398
1,391
Total Liabilities
2,385
2,997
3,506
3,332
2,891
4,294
5,345
6,285
7,058
7,382
Current Liabilities
587
460
491
514
691
936
1,199
1,136
1,104
978
Non Current Liabilities
208
223
220
241
214
219
219
246
320
307
Total Equity
1,591
2,315
2,795
2,576
1,986
3,139
3,928
4,903
5,634
6,097
Reserve & Surplus
1,466
2,191
2,671
2,452
1,862
3,015
3,804
4,779
5,511
5,973
Share Capital
124
124
124
124
124
124
124
124
124
124
Above figures are in Rs. Crores

Cash Flow

Cash Flow
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Net Cash Flow
-2
4
1
-0
51
-26
-8
-15
-6
42
Investing Activities
-77
35
-162
-228
49
-877
-440
-294
-83
8
Operating Activities
569
252
338
391
106
941
622
308
353
383
Financing Activities
-494
-282
-175
-163
-105
-90
-190
-29
-277
-349
Above figures are in Rs. Crores

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
Jun 2025
Sept 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 %
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 %
6.04 %
5.92 %
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 %
11.36 %
12.11 %
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 %
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 %
23.50 %
23.09 %
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 %
6.62 %
6.40 %
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
2,50,051
2,45,505

Dividend History

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 3.6
Dividend Yield (%) 0.00 8.72 10.22 12.73 7.86 2.59 2.3 0.61 1.39 1.91

Corporate Action

Record Date Corporate Action Information Announcement Day LTP at Annoucement LTP at Record Day
16 Sept 2021 DIVIDEND Dividend
₹ 2.00 /share
 14 Sept 2021 171.70 192.80
16 Sept 2021 DIVIDEND Dividend
₹ 2.00 /share
 14 Sept 2021 171.70 192.80
24 Sept 2022 DIVIDEND Dividend
₹ 2.00 /share
 22 Aug 2022 147.00 143.80
24 Aug 2022 DIVIDEND Dividend
₹ 2.00 /share
 22 Aug 2022 147.00 143.85
22 Aug 2023 DIVIDEND Dividend
₹ 1.50 /share
 21 Aug 2023 190.50 206.20
11 Sept 2024 DIVIDEND Dividend
₹ 2.50 /share
 11 Sept 2024 268.15 311.65
18 Sept 2024 ANNUAL GENERAL MEETING Annual General Meeting
NA
 18 Sept 2024 290.30 304.30
24 Oct 2024 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
 24 Oct 2024 322.15 301.55
06 Feb 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
 06 Feb 2025 205.00 203.00
23 May 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
 23 May 2025 190.95 195.74
02 Aug 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
 02 Aug 2025 211.75 200.90
05 Sept 2025 DIVIDEND Dividend
₹ 1.60 /share
 04 Sept 2025 195.74 218.35
05 Sept 2025 DIVIDEND Dividend
₹ 2.00 /share
 04 Sept 2025 195.74 218.35
12 Sept 2025 ANNUAL GENERAL MEETING Annual General Meeting
NA
 12 Sept 2025 203.05 212.07
07 Nov 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
 07 Nov 2025 190.18 182.45

Announcements

Announcement under Regulation 30 (LODR)-Earnings Call Transcript1 day ago
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome5 days ago
Announcement under Regulation 30 (LODR)-Newspaper Publication7 days ago
Announcement under Regulation 30 (LODR)-Investor Presentation8 days ago
Results-Financial Results For September 30 20258 days ago
Board Meeting Outcome for Outcome Of Board Meeting Held On November 7 20258 days ago
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation10 days ago
Announcement under Regulation 30 (LODR)-Newspaper PublicationOct 28, 2025
Board Meeting Intimation for Considering And Approving The Un-Audited (Standalone And Consolidated) Financial Results Of The Company For The Quarter And Half Year Ended September 30 2025Oct 28, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 07, 2025
Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Sep 30, 2025
Closure of Trading WindowSep 26, 2025
Shareholder Meeting / Postal Ballot-Scrutinizers ReportSep 15, 2025
Shareholder Meeting / Postal Ballot-Outcome of AGMSep 12, 2025
Intimation Regarding 100 Days Campaign - Saksham NiveshakAug 22, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 21, 2025
General UpdatesAug 20, 2025
Business Responsibility and Sustainability Reporting (BRSR)Aug 20, 2025
Intimation Of Record DateAug 20, 2025
Reg. 34 (1) Annual Report.Aug 20, 2025
Notice Of 44Th (Forty-Fourth) Annual General Meeting Of The CompanyAug 20, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 19, 2025
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 11, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAug 05, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 05, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 04, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationAug 02, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementAug 02, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementAug 02, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementAug 02, 2025
Announcement under Regulation 30 (LODR)-Resignation of DirectorAug 02, 2025
Announcement under Regulation 30 (LODR)-Resignation of DirectorAug 02, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementAug 02, 2025
Results-Financial Results For The Quarter Ended June 30 2025Aug 02, 2025
Board Meeting Outcome for Outcome Of Board Meeting Held On August 2 2025Aug 02, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 01, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 30, 2025
Board Meeting Intimation for Considering And Approving The Unaudited Financial Results Of The Company For The Quarter Ended 30Th June 2025Jul 25, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementJul 17, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 11, 2025
Closure of Trading WindowJun 27, 2025
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptMay 30, 2025
Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 28, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeMay 26, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationMay 25, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationMay 23, 2025
Appointment Of Cost Auditors And Change In Internal Auditors Of The CompanyMay 23, 2025
Announcement Under Regulation 30 (LODR) - Changes In Senior Management PersonnelMay 23, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseMay 23, 2025
Corporate Action-Board approves DividendMay 23, 2025

Mutual Fund Holdings

Funding HouseCurrent Holding %1M Change1M Change %3M Change %Last 6M Trend
SBI Equity Savings Fund Direct-Growth
0.11%
-1447389
-0.47%
-0.56%
Canara Robeco Small Cap Fund Direct - Growth
0.00%
-1327218
-0.21%
-0.43%
Franklin India Small Cap Fund Direct-Growth
0.96%
750241
0.01%
-0.02%
ICICI Prudential Retirement Fund - Pure Equity Plan Direct - Growth
0.74%
226828
0.21%
0.74%
Bandhan Multi Asset Allocation Fund Direct-Growth
0.31%
200000
0.14%
0.16%
Templeton India Value Fund Direct Plan-Growth
0.92%
187952
0.08%
0.50%
ITI ELSS Tax Saver Fund Direct - Growth
0.00%
-105259
-0.50%
-0.55%
Bandhan Multi Cap Fund Direct-Growth
0.86%
99000
-0.02%
-0.05%
Nippon India Nifty Smallcap 250 Index Fund Direct - Growth
0.26%
5300
-0.02%
-0.06%
JioBlackRock Nifty Smallcap 250 Index Fund Direct - Growth
0.26%
4881
-0.03%
-0.06%
Motilal Oswal Nifty Smallcap 250 Index Fund Direct - Growth
0.26%
1666
-0.03%
-0.06%
HDFC Nifty Smallcap 250 Index Fund Direct-Growth
0.26%
846
-0.02%
-0.06%
Nippon India Nifty 500 Equal Weight Index Fund Direct-Growth
0.17%
802
-0.02%
-0.03%
Motilal Oswal Nifty 500 Index Fund Direct - Growth
0.03%
636
0.00%
-0.01%
ICICI Prudential Nifty Smallcap 250 Index Fund Direct - Growth
0.26%
459
-0.03%
-0.06%
SBI Nifty 500 Index Fund Direct-Growth
0.03%
-369
0.00%
-0.01%
Navi Nifty Smallcap250 Momentum Quality 100 Index Fund Direct - Growth
0.40%
222
-0.03%
-0.07%
Navi Nifty 500 Multicap 50:25:25 Index Fund Direct-Growth
0.06%
-207
-0.01%
-0.02%
Kotak Nifty Smallcap 250 Index Fund Direct-Growth
0.26%
177
-0.02%
-0.06%
HDFC Nifty500 Multicap 50:25:25 Index Fund Direct-Growth
0.06%
-174
-0.01%
-0.02%
SBI Nifty Smallcap 250 Index Fund Direct - Growth
0.26%
-90
-0.02%
-0.06%
ICICI Prudential Nifty 500 Index Fund Direct-Growth
0.03%
69
0.00%
-0.01%
Groww Nifty Total Market Index Fund Direct - Growth
0.03%
35
0.00%
-0.01%
Axis Nifty 500 Index Fund Direct-Growth
0.02%
-23
0.00%
0.00%
Bandhan Nifty Total Market Index Fund Direct-Growth
0.03%
-19
0.00%
0.00%

Technical Indicators

RSI(14)
Neutral
42.73
ATR(14)
Volatile
4.32
STOCH(9,6)
Neutral
44.83
STOCH RSI(14)
Overbought
88.83
MACD(12,26)
Bullish
0.60
ADX(14)
Weak Trend
22.36
UO(9)
Bearish
46.37
ROC(12)
Downtrend And Accelerating
-1.16
WillR(14)
Neutral
-49.69
Bearish
4
Neutral
4
Bullish
1

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
https://www.finolexwater.com
Chairperson NamePrakash P Chhabria
raisewe are part of Raise Financial Services
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Registered Office: Unit No. 2201, 22nd Floor, Gold Medal Avenue, S.V. Road, Beside Patel Petrol Pump, Piramal Nagar, Goregaon West, Mumbai - 400104