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Finolex Industries Limited FINPIPE NSEINFRA

Industrials · Building Products & Equipment · India
https://www.finolexpipes.com
Company Profile ↓
₹158.63
-15.68% 1Y
Mkt Cap₹9,842.63 Cr
P/E16.37
P/B1.63
Div. Yield1.20%
52W High₹220.76
52W Low₹149.95
Book Value₹100.16
EPS (TTM)₹9.69

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

Consistent Profit Growth

Net profit has compounded at 33.7% per year over the last five years.

Reasonable Valuation

Trades at a P/E of 16.4, below the sector median of 28.9.

Conservative Balance Sheet

Carries low leverage with a debt-to-equity ratio of 0.07.

Positive Free Cash Flow

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:-15.68%
6 Months:-14.80%
3 Months:-8.32%
1 Month:-7.40%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot Bearish
52-Week Range 12% of range
₹149.95 ₹220.76
Trend Signals
  • Price vs 50-DMABelow
  • Price vs 200-DMABelow
  • RSI (14)44.07 · Neutral
Price Performance
1M-7.40%
3M-8.32%
6M-14.80%
1Y-15.68%
Valuation vs Sector

P/E of 16.37 is below the sector median of 28.90 — relatively cheaper than peers.

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

NSE TradingView

Fundamental Growth Charts

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.
  • Trading 28.1% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
16.37
Industry PE
28.90
Forward P/E
14.29
PEG Ratio
-
Book Value
₹100.16
Price to Book
1.63
P/S
2.47
EV/EBITDA
12.57
Dividend Yield
1.20%

Growth (CAGR)

Revenue 5Y
-1.93%
Profit 5Y
33.69%
Revenue (YoY)
-0.69%
Earnings (YoY)
-25.12%

Profitability & Returns

ROCE
12.75%
ROE
9.64%
ROA
7.89%
Profit Margin
14.56%
Op Margin
13.91%
Gross Margin
41.75%
EPS (Latest Qtr)
₹1.85
EPS (TTM)
₹9.69

Balance Sheet & Liquidity

Debt/Equity
0.07
Quick Ratio
2.63
Current Ratio
3.54
Debt
₹445.64 Cr
Total Assets
₹7,595.57 Cr
Current Assets
₹3,968.57 Cr
Working Capital
₹2,848.95 Cr

Ownership

Promoter Holding
59.35%
Chg in Prom Hold
-0.01%
FII / Inst Holding
16.80%
Chg in FII Hold
-0.03%

Financial Snapshot

Enterprise Value
₹9,842.63 Cr
Total Revenue (TTM)
₹4,113.43 Cr
EBITDA
₹932.37 Cr
Free Cash Flow
₹126.77 Cr
Operating Cash Flow
₹191.75 Cr
Shares Outstanding
₹62.05 Cr
Gross Margin
41.75%
Payout Ratio
20.64%

Peer comparison

Peer companies in the same sector (Industrials).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 FINPIPE Finolex Industries Limited NSEINFRA 158.63 16.37 ₹9,842.63 Cr 1.20% 12.75% 9.64% -1.93% 33.69%
2 LT Larsen & Toubro Limited NIFTY50NSEAIINFRA 3,964.10 33.92 ₹5.45 L Cr 0.94% 14.55% 14.72% 16.09% 15.38%
3 ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA 1,707.30 29.32 ₹3.93 L Cr 0.44% 10.97% 13.32% 22.93% 34.11%
4 HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU 4,856.00 35.63 ₹3.25 L Cr 0.41% 13.80% 22.21% 7.87% 16.08%
5 BEL Bharat Electronics Limited NIFTY50NSEAIDEFENCEINFRAPSU 405.35 48.90 ₹2.96 L Cr 0.63% 31.88% 25.27% 15.47% 26.64%
6 INDIGO InterGlobe Aviation Limited NSEINFRA 4,977.00 -80.43 ₹1.92 L Cr 0.24% 4.02% -34.31% 15.55% -227.40%
7 ABB ABB India Limited NSEAIINFRA 7,410.00 94.12 ₹1.57 L Cr 0.51% 28.45% 21.29% 15.41% 17.97%
8 BHEL Bharat Heavy Electricals Limited NIFTY_MIDNSEAIINFRAPSU 431.10 93.72 ₹1.50 L Cr 0.34% 6.60% 6.12% 13.49% 35.91%
9 SIEMENS Siemens Limited NSEAIINFRA 3,977.00 51.47 ₹1.42 L Cr 0.46% 16.46% 19.90% 3.04% 10.90%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in INR.

Metric Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue 1,141.00 Cr1,179.00 Cr883.00 Cr1,020.00 Cr1,235.00 Cr1,140.00 Cr828.00 Cr1,001.00 Cr-1,043.15 Cr858.74 Cr897.66 Cr1,313.88 Cr883.58 Cr
Cost of Revenue ---------702.84 Cr492.23 Cr514.93 Cr686.25 Cr539.59 Cr
Gross Profit ---------340.31 Cr366.51 Cr382.73 Cr627.63 Cr343.99 Cr
Operating Expenses 924.00 Cr1,027.00 Cr780.00 Cr900.00 Cr1,026.00 Cr934.00 Cr818.00 Cr918.00 Cr-273.33 Cr263.78 Cr286.14 Cr321.82 Cr264.89 Cr
Operating Income 193.00 Cr118.00 Cr76.00 Cr92.00 Cr182.00 Cr181.00 Cr-15.00 Cr56.00 Cr-66.98 Cr102.73 Cr96.59 Cr305.81 Cr79.10 Cr
EBITDA 217.00 Cr152.00 Cr103.00 Cr120.00 Cr209.00 Cr207.00 Cr11.00 Cr83.00 Cr-163.08 Cr197.84 Cr186.48 Cr384.97 Cr182.14 Cr
Interest Expense 6.00 Cr9.00 Cr12.00 Cr8.00 Cr7.00 Cr7.00 Cr7.00 Cr10.00 Cr-5.51 Cr4.30 Cr3.02 Cr7.75 Cr6.87 Cr
Pretax Income 230.00 Cr157.00 Cr133.00 Cr132.00 Cr229.00 Cr646.00 Cr62.00 Cr112.00 Cr-130.96 Cr166.10 Cr156.97 Cr351.01 Cr147.80 Cr
Tax Provision 64.40 Cr40.82 Cr35.91 Cr35.64 Cr64.12 Cr148.58 Cr21.08 Cr17.92 Cr-32.80 Cr42.54 Cr40.89 Cr89.76 Cr33.28 Cr
Net Income 166.00 Cr115.00 Cr98.00 Cr95.00 Cr165.00 Cr501.00 Cr41.00 Cr94.00 Cr-98.16 Cr123.56 Cr116.08 Cr261.25 Cr114.52 Cr
Diluted EPS 2.681.861.581.542.668.070.661.52-1.592.001.884.231.85

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue 2,482.00 Cr2,602.00 Cr2,738.00 Cr3,091.00 Cr2,985.00 Cr3,462.00 Cr-4,361.26 Cr4,274.10 Cr4,141.97 Cr4,113.43 Cr
Cost of Revenue -------3,283.88 Cr2,933.10 Cr2,676.06 Cr2,396.25 Cr
Gross Profit -------1,077.38 Cr1,341.00 Cr1,465.91 Cr1,717.18 Cr
Operating Expenses 2,075.00 Cr2,039.00 Cr2,253.00 Cr2,487.00 Cr2,536.00 Cr2,472.00 Cr-841.44 Cr866.96 Cr1,096.88 Cr1,145.07 Cr
Operating Income 356.00 Cr508.00 Cr423.00 Cr534.00 Cr374.00 Cr912.00 Cr-235.94 Cr474.04 Cr369.03 Cr572.11 Cr
EBITDA 407.00 Cr563.00 Cr484.00 Cr604.00 Cr448.00 Cr990.00 Cr-422.01 Cr793.06 Cr1,179.59 Cr932.37 Cr
Interest Expense 45.00 Cr15.00 Cr10.00 Cr12.00 Cr11.00 Cr7.00 Cr-11.52 Cr26.49 Cr29.64 Cr20.58 Cr
Pretax Income 383.00 Cr525.00 Cr454.00 Cr548.00 Cr418.00 Cr992.00 Cr-321.29 Cr650.55 Cr1,043.24 Cr805.04 Cr
Tax Provision 126.39 Cr168.00 Cr149.82 Cr180.84 Cr83.60 Cr257.92 Cr-70.59 Cr176.96 Cr243.21 Cr205.99 Cr
Net Income 258.00 Cr355.00 Cr306.00 Cr367.00 Cr333.00 Cr738.00 Cr-250.70 Cr473.59 Cr800.03 Cr599.05 Cr
Diluted EPS 4.155.724.945.925.3611.89-4.047.6612.949.69

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets 2,385.00 Cr2,997.00 Cr3,506.00 Cr3,332.00 Cr2,891.00 Cr4,294.00 Cr-6,285.07 Cr7,057.85 Cr7,381.93 Cr7,595.57 Cr
Current Assets -------2,892.37 Cr3,202.27 Cr3,475.83 Cr3,968.57 Cr
Cash & Equivalents -------8.56 Cr2.15 Cr44.39 Cr31.40 Cr
Inventory -------673.15 Cr728.03 Cr782.42 Cr1,025.96 Cr
Receivables -------297.54 Cr457.63 Cr379.25 Cr362.31 Cr
Total Liabilities -------1,382.00 Cr1,423.58 Cr1,285.07 Cr1,380.86 Cr
Current Liabilities -------1,135.99 Cr1,103.53 Cr977.66 Cr1,119.62 Cr
Long Term Debt -----------
Total Debt 212.00 Cr94.00 Cr101.00 Cr90.00 Cr283.00 Cr204.00 Cr-540.72 Cr393.95 Cr236.75 Cr445.64 Cr
Total Equity 1,590.00 Cr2,315.00 Cr2,795.00 Cr2,576.00 Cr1,986.00 Cr3,139.00 Cr-4,903.07 Cr5,634.27 Cr6,096.86 Cr6,214.71 Cr
Shares Outstanding -------62.05 Cr62.05 Cr62.05 Cr62.05 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow 569.00 Cr252.00 Cr338.00 Cr391.00 Cr106.00 Cr941.00 Cr-307.68 Cr353.30 Cr382.68 Cr191.75 Cr
Investing Cash Flow -77.00 Cr35.00 Cr-162.00 Cr-228.00 Cr49.00 Cr-877.00 Cr--293.73 Cr-82.97 Cr8.34 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 Cr157.00 Cr166.00 Cr289.00 Cr46.00 Cr876.00 Cr-138.94 Cr266.95 Cr267.18 Cr126.77 Cr
Net Change in Cash -2.00 Cr4.00 Cr1.00 Cr-051.00 Cr-26.00 Cr--14.99 Cr-6.41 Cr42.24 Cr-12.99 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

Insiders
59.35%
Institutions
16.80%
Public Float
41.34%

Analyst View

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Latest News

Recent headlines for FINPIPE

Google News Fri, 04 Sep 2026

Finolex Industries Stock Price Forecast. Should You Buy FINPIPE.NS? - StockInvest.us

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Google News Mon, 07 Sep 2026

Here's Why We're Wary Of Buying Finolex Industries' (NSE:FINPIPE) For Its Upcoming Dividend - simplywall.st

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Google News hu, 25 Jun 2026

FINPIPE Forecast — Price Target — Prediction for 2027 - TradingView

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Google News Fri, 28 Aug 2026

Finolex Industries Limited announces Annual dividend, payable on October 21, 2026 - marketscreener.com

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Google News Mon, 29 Jun 2026

FINPIPE.NS Mar 2026 Earnings: Margin Compression Weighs on Q4 Performance Despite Steady Revenue - Energy Earnings Report - vinanet.vn

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Google News Sat, 03 Jan 2026

There Is A Reason Finolex Industries Limited's (NSE:FINPIPE) Price Is Undemanding - simplywall.st

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FINPIPE — Frequently Asked Questions

What is the current share price of Finolex Industries Limited (FINPIPE)?

As of 2026-09-08 04:53 IST, Finolex Industries Limited (FINPIPE) trades at ₹158.63 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 ₹9,842.63 Cr on NSE.

What is the P/E ratio of FINPIPE?

FINPIPE trades at a trailing price-to-earnings (P/E) ratio of 16.37. The industry average P/E is 28.90. Its price-to-book (P/B) ratio is 1.63.

Does FINPIPE pay a dividend?

Finolex Industries Limited (FINPIPE) currently offers a dividend yield of 1.20%.

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.

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