Finolex Industries Limited FINPIPE NSEINFRA
Company Overview
Finolex Industries Limited manufactures and sells polyvinyl chloride (PVC) pipes and fittings, and PVC resins in India. It operates in two segments, PVC Resin and PVC Pipes and Fittings. The company offers agriculture pipes and fittings; column pipes; casing pipes; and solvent cement and lubricants. It also provides plumbing and sanitation pipes and fitting, such as ASTM pipes and fittings; CPVC pipes and fittings; SWR pipes and fittings; sewerage pipes; and solvent cement, lubricant, and primer. The company distributes its products through dealers and retailers. Finolex Industries Limited was founded in 1956 and is based in Pune, India.
Why Investors Should Care
Net profit has compounded at 33.7% per year over the last five years.
Trades at a P/E of 13.1, below the sector median of 29.6.
Carries low leverage with a debt-to-equity ratio of 0.07.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Mar 2026 Revenue of ₹4,113.43 Cr (-0.7% YoY); net profit ₹599.05 Cr.
- Trailing 12 Months Year-on-year growth — revenue -0.7%, earnings -25.1%.
- 5-Year Trend Long-term compounding — revenue CAGR -1.9%, profit CAGR 33.7%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | -1.93% |
| 1 Year: | -0.69% |
Compounded Profit Growth
| 5 Years: | 33.69% |
| 1 Year: | -25.12% |
Stock Price Performance
| 1 Year: | -16.34% |
| 6 Months: | -4.63% |
| 3 Months: | -2.26% |
| 1 Month: | -1.05% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMABelow
- Price vs 200-DMABelow
- RSI (14)44.29 · Neutral
P/E of 13.05 is below the sector median of 29.60 — relatively cheaper than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Profit CAGR of 33.7% over 5 years.
- Generates positive free cash flow.
CONS
- Revenue declined at -1.9% CAGR over 5 years.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Industrials).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | FINPIPE Finolex Industries Limited NSEINFRA | 168.90 | 13.05 | ₹10,479.85 Cr | 1.18% | 12.75% | 9.64% | -1.93% | 33.69% |
| 2 | LT Larsen & Toubro Limited NIFTY50NSEAIINFRA | 3,849.40 | 32.93 | ₹5.30 L Cr | 0.96% | 14.55% | 14.72% | 16.09% | 15.38% |
| 3 | ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA | 1,834.20 | 31.50 | ₹4.23 L Cr | 0.42% | 10.97% | 13.32% | 22.93% | 34.11% |
| 4 | BEL Bharat Electronics Limited NIFTY50NSEAIDEFENCEINFRAPSU | 410.75 | 56.42 | ₹3.00 L Cr | 1.05% | 31.88% | 25.27% | 16.63% | 26.64% |
| 5 | HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU | 4,463.30 | 32.75 | ₹2.98 L Cr | 0.44% | 13.80% | 22.21% | 7.87% | 16.08% |
| 6 | INDIGO InterGlobe Aviation Limited NSEINFRA | 5,202.50 | -84.07 | ₹2.01 L Cr | 0.24% | 4.02% | -34.31% | 16.59% | -227.40% |
| 7 | CUMMINSIND Cummins India Limited NSEINFRA | 5,535.50 | 64.97 | ₹1.53 L Cr | 1.17% | 34.95% | 27.87% | 16.07% | 24.35% |
| 8 | ABB ABB India Limited NSEAIINFRA | 6,951.50 | 88.30 | ₹1.47 L Cr | 0.58% | 28.45% | 21.29% | 15.41% | 17.97% |
| 9 | POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA | 33,005.00 | 148.92 | ₹1.47 L Cr | 0.02% | 24.92% | 19.09% | 22.24% | 119.12% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,141.00 Cr | 1,179.00 Cr | 883.00 Cr | 1,020.00 Cr | 1,235.00 Cr | 1,140.00 Cr | 828.00 Cr | 1,001.00 Cr | 1,171.81 Cr | 1,043.15 Cr | 858.74 Cr | 897.66 Cr | 1,313.88 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | - | 767.89 Cr | 702.84 Cr | 492.23 Cr | 514.93 Cr | 686.25 Cr |
| Gross Profit | - | - | - | - | - | - | - | - | 403.92 Cr | 340.31 Cr | 366.51 Cr | 382.73 Cr | 627.63 Cr |
| Operating Expenses | 924.00 Cr | 1,027.00 Cr | 780.00 Cr | 900.00 Cr | 1,026.00 Cr | 934.00 Cr | 818.00 Cr | 918.00 Cr | 259.54 Cr | 273.33 Cr | 263.78 Cr | 286.14 Cr | 321.82 Cr |
| Operating Income | 193.00 Cr | 118.00 Cr | 76.00 Cr | 92.00 Cr | 182.00 Cr | 181.00 Cr | -15.00 Cr | 56.00 Cr | 144.38 Cr | 66.98 Cr | 102.73 Cr | 96.59 Cr | 305.81 Cr |
| EBITDA | 217.00 Cr | 152.00 Cr | 103.00 Cr | 120.00 Cr | 209.00 Cr | 207.00 Cr | 11.00 Cr | 83.00 Cr | 256.27 Cr | 163.08 Cr | 197.84 Cr | 186.48 Cr | 384.97 Cr |
| Interest Expense | 6.00 Cr | 9.00 Cr | 12.00 Cr | 8.00 Cr | 7.00 Cr | 7.00 Cr | 7.00 Cr | 10.00 Cr | 6.18 Cr | 5.51 Cr | 4.30 Cr | 3.02 Cr | 7.75 Cr |
| Pretax Income | 230.00 Cr | 157.00 Cr | 133.00 Cr | 132.00 Cr | 229.00 Cr | 646.00 Cr | 62.00 Cr | 112.00 Cr | 223.20 Cr | 130.96 Cr | 166.10 Cr | 156.97 Cr | 351.01 Cr |
| Tax Provision | 64.40 Cr | 40.82 Cr | 35.91 Cr | 35.64 Cr | 64.12 Cr | 148.58 Cr | 21.08 Cr | 17.92 Cr | 58.62 Cr | 32.80 Cr | 42.54 Cr | 40.89 Cr | 89.76 Cr |
| Net Income | 166.00 Cr | 115.00 Cr | 98.00 Cr | 95.00 Cr | 165.00 Cr | 501.00 Cr | 41.00 Cr | 94.00 Cr | 164.58 Cr | 98.16 Cr | 123.56 Cr | 116.08 Cr | 261.25 Cr |
| Diluted EPS | 2.68 | 1.86 | 1.58 | 1.54 | 2.66 | 8.07 | 0.66 | 1.52 | 2.66 | 1.59 | 2.00 | 1.88 | 4.23 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,482.00 Cr | 2,602.00 Cr | 2,738.00 Cr | 3,091.00 Cr | 2,985.00 Cr | 3,462.00 Cr | - | 4,361.26 Cr | 4,274.10 Cr | 4,141.97 Cr | 4,113.43 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | 3,283.88 Cr | 2,933.10 Cr | 2,676.06 Cr | 2,396.25 Cr |
| Gross Profit | - | - | - | - | - | - | - | 1,077.38 Cr | 1,341.00 Cr | 1,465.91 Cr | 1,717.18 Cr |
| Operating Expenses | 2,075.00 Cr | 2,039.00 Cr | 2,253.00 Cr | 2,487.00 Cr | 2,536.00 Cr | 2,472.00 Cr | - | 841.44 Cr | 866.96 Cr | 1,096.88 Cr | 1,145.07 Cr |
| Operating Income | 356.00 Cr | 508.00 Cr | 423.00 Cr | 534.00 Cr | 374.00 Cr | 912.00 Cr | - | 235.94 Cr | 474.04 Cr | 369.03 Cr | 572.11 Cr |
| EBITDA | 407.00 Cr | 563.00 Cr | 484.00 Cr | 604.00 Cr | 448.00 Cr | 990.00 Cr | - | 422.01 Cr | 793.06 Cr | 1,179.59 Cr | 932.37 Cr |
| Interest Expense | 45.00 Cr | 15.00 Cr | 10.00 Cr | 12.00 Cr | 11.00 Cr | 7.00 Cr | - | 11.52 Cr | 26.49 Cr | 29.64 Cr | 20.58 Cr |
| Pretax Income | 383.00 Cr | 525.00 Cr | 454.00 Cr | 548.00 Cr | 418.00 Cr | 992.00 Cr | - | 321.29 Cr | 650.55 Cr | 1,043.24 Cr | 805.04 Cr |
| Tax Provision | 126.39 Cr | 168.00 Cr | 149.82 Cr | 180.84 Cr | 83.60 Cr | 257.92 Cr | - | 70.59 Cr | 176.96 Cr | 243.21 Cr | 205.99 Cr |
| Net Income | 258.00 Cr | 355.00 Cr | 306.00 Cr | 367.00 Cr | 333.00 Cr | 738.00 Cr | - | 250.70 Cr | 473.59 Cr | 800.03 Cr | 599.05 Cr |
| Diluted EPS | 4.15 | 5.72 | 4.94 | 5.92 | 5.36 | 11.89 | 16.94 | 4.04 | 7.66 | 12.94 | - |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 2,385.00 Cr | 2,997.00 Cr | 3,506.00 Cr | 3,332.00 Cr | 2,891.00 Cr | 4,294.00 Cr | - | 6,285.07 Cr | 7,057.85 Cr | 7,381.93 Cr | 7,595.57 Cr |
| Current Assets | - | - | - | - | - | - | - | 2,892.37 Cr | 3,202.27 Cr | 3,475.83 Cr | 3,968.57 Cr |
| Cash & Equivalents | - | - | - | - | - | - | - | 8.56 Cr | 2.15 Cr | 44.39 Cr | 31.40 Cr |
| Inventory | - | - | - | - | - | - | - | 673.15 Cr | 728.03 Cr | 782.42 Cr | 1,025.96 Cr |
| Receivables | - | - | - | - | - | - | - | 297.54 Cr | 457.63 Cr | 379.25 Cr | 362.31 Cr |
| Total Liabilities | - | - | - | - | - | - | - | 1,382.00 Cr | 1,423.58 Cr | 1,285.07 Cr | 1,380.86 Cr |
| Current Liabilities | - | - | - | - | - | - | - | 1,135.99 Cr | 1,103.53 Cr | 977.66 Cr | 1,119.62 Cr |
| Long Term Debt | - | - | - | - | - | - | - | - | - | - | - |
| Total Debt | 212.00 Cr | 94.00 Cr | 101.00 Cr | 90.00 Cr | 283.00 Cr | 204.00 Cr | - | 540.72 Cr | 393.95 Cr | 236.75 Cr | 445.64 Cr |
| Total Equity | 1,590.00 Cr | 2,315.00 Cr | 2,795.00 Cr | 2,576.00 Cr | 1,986.00 Cr | 3,139.00 Cr | - | 4,903.07 Cr | 5,634.27 Cr | 6,096.86 Cr | 6,214.71 Cr |
| Shares Outstanding | - | - | - | - | - | - | - | 62.05 Cr | 62.05 Cr | 62.05 Cr | 62.05 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 569.00 Cr | 252.00 Cr | 338.00 Cr | 391.00 Cr | 106.00 Cr | 941.00 Cr | - | 307.68 Cr | 353.30 Cr | 382.68 Cr | 191.75 Cr |
| Investing Cash Flow | -77.00 Cr | 35.00 Cr | -162.00 Cr | -228.00 Cr | 49.00 Cr | -877.00 Cr | - | -293.73 Cr | -82.97 Cr | 8.34 Cr | -155.65 Cr |
| Financing Cash Flow | -494.00 Cr | -282.00 Cr | -175.00 Cr | -163.00 Cr | -105.00 Cr | -90.00 Cr | - | -28.94 Cr | -276.74 Cr | -348.78 Cr | -49.09 Cr |
| Capital Expenditure | -31.00 Cr | -95.00 Cr | -172.00 Cr | -102.00 Cr | -60.00 Cr | -65.00 Cr | - | -168.74 Cr | -86.35 Cr | -115.50 Cr | -64.98 Cr |
| Free Cash Flow | 538.00 Cr | 157.00 Cr | 166.00 Cr | 289.00 Cr | 46.00 Cr | 876.00 Cr | - | 138.94 Cr | 266.95 Cr | 267.18 Cr | 126.77 Cr |
| Net Change in Cash | -2.00 Cr | 4.00 Cr | 1.00 Cr | -0 | 51.00 Cr | -26.00 Cr | - | -14.99 Cr | -6.41 Cr | 42.24 Cr | -12.99 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | 24.7% | 31.4% | 35.4% | 41.7% |
| Operating Margin % | 14.3% | 19.5% | 15.4% | 17.3% | 12.5% | 26.3% | - | 5.4% | 11.1% | 8.9% | 13.9% |
| Net Margin % | 10.4% | 13.6% | 11.2% | 11.9% | 11.2% | 21.3% | - | 5.7% | 11.1% | 19.3% | 14.6% |
| ROE % | 16.2% | 15.3% | 10.9% | 14.2% | 16.8% | 23.5% | - | 5.1% | 8.4% | 13.1% | 9.6% |
| ROCE % | - | - | - | - | - | - | - | 4.6% | 8.0% | 5.8% | 8.8% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for FINPIPE
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FINPIPE — Frequently Asked Questions
What is the current share price of Finolex Industries Limited (FINPIPE)?
As of 2026-07-15 09:52 IST, Finolex Industries Limited (FINPIPE) trades at ₹168.90 on NSE. Its 52-week range is ₹149.95 to ₹220.76.
What is the market capitalisation of FINPIPE?
Finolex Industries Limited (FINPIPE) has a market capitalisation of ₹10,479.85 Cr on NSE.
What is the P/E ratio of FINPIPE?
FINPIPE trades at a trailing price-to-earnings (P/E) ratio of 13.05. The industry average P/E is 29.60. Its price-to-book (P/B) ratio is 1.68.
Does FINPIPE pay a dividend?
Finolex Industries Limited (FINPIPE) currently offers a dividend yield of 1.18%.
What is the return on equity (ROE) of FINPIPE?
FINPIPE has a return on equity (ROE) of 9.64%. Its return on capital employed (ROCE) is 12.75%.
Is FINPIPE a good stock to buy?
This page provides a data-driven analysis of Finolex Industries Limited (FINPIPE), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.