Finolex Industries Ltd
FINPIPEFinolex Industries Ltd
FINPIPE
Price Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
GoodThe stock is underpriced and is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 15.96 | 2.27 | 1.21% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 43.87 | 6.35 | 0.61% |
Forecast & Ratings
Detailed Forecast from 14 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Finolex Industries Limited is a manufacturer of polyvinyl chloride (PVC) pipes & fittings and PVC resins. The Company offers its products across agricultural pipes & fittings and plumbing & sanitation pipes categories.
Peers
Compare with peersAPL Apollo Tubes Ltd
Astral Ltd
Ratnamani Metals and Tubes Ltd
Jindal SAW Ltd
Maharashtra Seamless Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 2,555.59 | 2,634.86 | 2,778.53 | 3,145.74 | 3,039.98 | 3,550.01 | 5,105.61 | 4,542.23 | 4,535.60 | 4,881.71 | ||||||||||
Raw Materials | 1,590.96 | 1,644.07 | 1,797.89 | 1,963.68 | 2,021.15 | 1,922.31 | 2,778.43 | 2,884.75 | 2,736.59 | 3,677.98 | ||||||||||
| Power & Fuel Cost | 87.17 | 70.69 | 88.24 | 114.35 | 107.99 | 97.85 | 181.83 | 305.18 | 284.82 | |||||||||||
| Employee Cost | 92.50 | 104.89 | 116.15 | 134.43 | 145.55 | 166.80 | 190.84 | 189.67 | 211.39 | |||||||||||
| Selling & Administrative Expenses | 93.57 | 101.66 | 82.26 | 115.30 | 101.29 | 103.24 | 130.92 | 171.83 | 192.14 | |||||||||||
| Operating & Other expenses | 213.28 | 117.98 | 169.32 | 187.16 | 161.09 | 182.76 | 343.03 | 553.08 | 307.64 | |||||||||||
EBITDA | 478.11 | 595.57 | 524.67 | 630.82 | 502.91 | 1,077.05 | 1,480.56 | 437.72 | 803.02 | 1,203.73 | ||||||||||
| Depreciation/Amortization | 50.57 | 55.05 | 60.60 | 70.08 | 73.81 | 77.72 | 83.40 | 89.20 | 116.02 | 106.76 | ||||||||||
| PBIT | 427.54 | 540.52 | 464.07 | 560.74 | 429.10 | 999.33 | 1,397.16 | 348.52 | 687.00 | 1,096.97 | ||||||||||
| Interest & Other Items | 44.71 | 15.38 | 9.82 | 12.27 | 11.28 | 7.27 | 14.09 | 27.23 | 36.45 | 28.42 | ||||||||||
| PBT | 382.83 | 525.14 | 454.25 | 548.47 | 417.82 | 992.06 | 1,383.07 | 321.29 | 650.55 | 1,068.55 | ||||||||||
| Taxes & Other Items | 125.06 | 170.29 | 147.91 | 181.22 | 85.17 | 254.27 | 331.72 | 70.59 | 176.96 | 266.85 | ||||||||||
| Net Income | 257.77 | 354.85 | 306.34 | 367.25 | 332.65 | 737.79 | 1,051.35 | 250.70 | 473.59 | 801.70 | ||||||||||
| EPS | 4.15 | 5.72 | 4.94 | 5.92 | 5.36 | 3.96 | 5.65 | 4.05 | 7.66 | 12.97 | ||||||||||
| DPS | 2.00 | 2.30 | 2.00 | 2.00 | 2.00 | 0.80 | 4.00 | 1.50 | 2.50 | 2.50 | ||||||||||
| Payout ratio | 0.48 | 0.40 | 0.41 | 0.34 | 0.37 | 0.20 | 0.71 | 0.37 | 0.33 | 0.19 |
Company Updates
Annual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFPeers & Comparison
IndustrialsBuilding Products - Pipes
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Finolex Industries Ltd | 27.02 | 2.27 | 1.21% |
| APL Apollo Tubes Ltd | 59.09 | 12.01 | 0.35% |
| Astral Ltd | 71.59 | 11.96 | 0.26% |
| Ratnamani Metals and Tubes Ltd | 32.73 | 6.34 | 0.48% |
Price Comparison
Compare FINPIPE with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Finolex Industries Ltd
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
SBI Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 6.6626% | Percentage of the fund’s portfolio invested in the stock 2.60% | Change in the portfolio weight of the stock over the last 3 months -0.22% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 5/62 (+1) |
HSBC Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.1525% | Percentage of the fund’s portfolio invested in the stock 0.87% | Change in the portfolio weight of the stock over the last 3 months -0.10% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 28/108 (0) |
HDFC Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.1425% | Percentage of the fund’s portfolio invested in the stock 0.44% | Change in the portfolio weight of the stock over the last 3 months -0.06% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 68/91 (-5) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
Dividend Yield
Current dividend yield is 1.18%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹11.83 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateSep 11, 2024
Dividend/Share
₹2.50
Ex DateEx Date
Sep 11, 2024
Cash Dividend
Ex DateEx DateAug 21, 2023
Dividend/Share
₹1.50
Ex DateEx Date
Aug 21, 2023
Cash Dividend
Ex DateEx DateAug 22, 2022
Dividend/Share
₹2.00
Ex DateEx Date
Aug 22, 2022
Cash Dividend
Ex DateEx DateAug 22, 2022
Dividend/Share
₹2.00
Ex DateEx Date
Aug 22, 2022
Cash Dividend
Ex DateEx DateSep 14, 2021
Dividend/Share
₹2.00
Ex DateEx Date
Sep 14, 2021
TVS Supply Chain Solutions Ltd, Bata India Ltd, Usha Martin Ltd, Metro Brands Ltd are among the other stocks to see a surge in volumes on NSE today, 27 December 2024.Finolex Industries Ltd recorded volume of 280.03 lakh shares by 14:14 IST on NSE, a 65.76 times surge over two-week average daily volume of 4.26 lakh shares. The stock gained 9.10% to Rs.259.00. Volumes stood at 2.18 lakh shares in the last session.TVS Supply Chain Solutions Ltd clocked volume of 67.05 lakh shares by 14:14 IST on NSE, a 20.17 times surge over two-week average daily volume of 3.32 lakh shares. The stock gained 5.20% to Rs.178.67. Volumes stood at 2.1 lakh shares in the last session.Bata India Ltd notched up volume of 21.29 lakh shares by 14:14 IST on NSE, a 17.22 fold spurt over two-week average daily volume of 1.24 lakh shares. The stock rose 2.48% to Rs.1,384.00. Volumes stood at 1.78 lakh shares in the last session.Usha Martin Ltd recorded volume of 52.68 lakh shares by 14:14 IST on NSE, a 10.1 times surge over two-week average daily volume of 5.22 lakh shares. The stock gained 5.70% to Rs.383.05. Volumes stood at 3.78 lakh shares in the last session.Metro Brands Ltd recorded volume of 11 lakh shares by 14:14 IST on NSE, a 9.73 times surge over two-week average daily volume of 1.13 lakh shares. The stock gained 4.41% to Rs.1,263.10. Volumes stood at 56841 shares in the last session.Powered by Capital Market - Live
Escorts Kubota Ltd, Jubilant Foodworks Ltd, Grasim Industries Ltd, Go Digit General Insurance Ltd are among the other stocks to see a surge in volumes on BSE today, 27 December 2024.Finolex Industries Ltd witnessed volume of 3.35 lakh shares by 10:47 IST on BSE, a 6.55 times surge over two-week average daily volume of 51139 shares. The stock increased 8.96% to Rs.259.00. Volumes stood at 35190 shares in the last session.Escorts Kubota Ltd saw volume of 17223 shares by 10:47 IST on BSE, a 2.99 fold spurt over two-week average daily volume of 5754 shares. The stock increased 4.42% to Rs.3,291.55. Volumes stood at 3478 shares in the last session.Jubilant Foodworks Ltd notched up volume of 1.01 lakh shares by 10:47 IST on BSE, a 2.31 fold spurt over two-week average daily volume of 43735 shares. The stock rose 2.34% to Rs.720.10. Volumes stood at 46137 shares in the last session.Grasim Industries Ltd notched up volume of 24708 shares by 10:47 IST on BSE, a 2.3 fold spurt over two-week average daily volume of 10730 shares. The stock rose 0.77% to Rs.2,500.35. Volumes stood at 5939 shares in the last session.Go Digit General Insurance Ltd clocked volume of 1.1 lakh shares by 10:47 IST on BSE, a 2.01 times surge over two-week average daily volume of 55009 shares. The stock gained 1.44% to Rs.320.05. Volumes stood at 47001 shares in the last session.Powered by Capital Market - Live
Finolex Industries has appointed Saurabh Dhanorkar as Managing Director for a period of two years with effect from 21 November 2024. Dhanorkar has been associated with the Company since 1983 in various roles and was Managing Director until 2012 when he retired. He is a qualified Chartered Accountant and has contributed significantly to the expansion of the Company from a Rs. 2 crore pipes manufacturing company to a multi-location petrochemicals and plastics processing giant. He retired as Managing Director in 2016 and has been associated with the Company as a Non-Executive Director for the past eight years. Powered by Capital Market - Live
Ajit Venkataraman stepped down as MD at the close of business hours on 20 November 2024. Saurabh Dhanorkar has been associated with the company since 1983 in various roles and was MD until 2012, when he retired. He is a qualified CA and has contributed significantly to the expansion of the company from an Rs 2 crore pipes manufacturing company to a multi-location petrochemicals and plastics processing giant. He retired as MD in 2016 and has been associated with the company as a non-executive director for the past eight years. Finolex Industries is the third-largest player in the PVC resin market and one of the largest manufacturers of PVC pipes in India. The company has three manufacturing facilities, one each in Pune and Ratnagiri (both in Maharashtra) and Masar, near Vadodara in Gujarat. The company's consolidated net profit declined 58.5% to Rs 40.67 crore on 6.2% drop in net sales to Rs 828.43 crore in Q2 FY25 over Q2 FY24. Shares of Finolex Industries slipped 3.39% to Rs 253.65 on the BSE. Powered by Capital Market - Live
Net profit of Finolex Industries declined 58.48% to Rs 40.67 crore in the quarter ended September 2024 as against Rs 97.96 crore during the previous quarter ended September 2023. Sales declined 6.20% to Rs 828.43 crore in the quarter ended September 2024 as against Rs 883.15 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales828.43883.15 -6 OPM %1.2811.66 - PBDT88.36160.73 -45 PBT61.93133.35 -54 NP40.6797.96 -58 Powered by Capital Market - Live
Finolex Industries will hold a meeting of the Board of Directors of the Company on 24 October 2024.Powered by Capital Market - Live
Finolex Industries announced that the 43th Annual General Meeting (AGM) of the company will be held on 18 September 2024.Powered by Capital Market - Live
Finolex Industries consolidated net profit rises 334.17% in the June 2024 quarter
Net profit of Finolex Industries rose 334.17% to Rs 500.73 crore in the quarter ended June 2024 as against Rs 115.33 crore during the previous quarter ended June 2023. Sales declined 3.28% to Rs 1140.49 crore in the quarter ended June 2024 as against Rs 1179.17 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales1140.491179.17 -3 OPM %18.1212.93 - PBDT255.40191.28 34 PBT229.32156.89 46 NP500.73115.33 334 Powered by Capital Market - Live
Q1 results today: ICICI Bank, Dr Reddy’s among 34 companies to announce earnings on Saturday
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 7.59%, vs industry avg of 13.98%
Decreasing Market Share
Over the last 5 years, market share decreased from 6.39% to 4.91%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 5.22%, vs industry avg of 21.77%