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Finolex Industries Limited

Finolex Industries Limited

NSE: FINPIPE
Building Products & EquipmentIndustrialsMID CAPMCap ₹9.50k Cr
₹153.64₹-1.11 (-0.72%)

Market Closed • NSE

Market cap₹9.50k Cr
Enterprise value₹7.53k Cr
P/E TTM15.43
Forward P/E14.67
P/B1.53
EPS TTM₹9.96
Forward EPS₹10.48
ROCE11.80%
D/E7.17
Dividend yield0.01%
Face value₹2.00
52W high₹200.40
52W low₹147.54
Price chart(1Y)
1Y Return:-11.20% (₹19.38)
H: ₹186.6L: ₹148.05
1W+1.36%
1M-0.51%
3M-7.29%
6M-13.73%
1Y-19.90%
Today at a glance

Day range

₹151.10₹155.55

52 week range

₹147.54₹200.40
Volume770.8K1.97x 20D avg
Free float50.00%+96.80% volume

Finolex Industries Limited closed at INR153.64 (-0.72%) on volume 1.97x its 20-day average, trading 23.33% below its 52-week high.

Technical analysis
RSI (14)50.0Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹3.75Moderate
SMA 20₹152.43BULLISH
SMA 50₹156.13BEARISH
SMA 100₹163.48BEARISH
SMA 200₹169.54BEARISH
CPR bottom₹156.02
Pivot₹155.60
CPR top₹155.17
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved -55.9% QoQ

2026-09-11

DIVIDEND Announced

Dividend - Rs 2 Per Share & Special Dividend Re 0.75 Per Share

2025-09-04

DIVIDEND Announced

Dividend - Rs 2 Per Share & Special Dividend - Rs 1.60 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹445.6 Cr₹9.50k Cr4.69%≤ 33%PASS
Non-halal income ratio–₹4.11k Cr0.00%≤ 5%PASS
Illiquid assets ratio₹7.56k Cr₹7.60k Cr99.59%≥ 20%PASS
Receivables ratio–₹7.60k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E15.4328.10
Forward P/E14.67—
P/B1.533.00
EV/EBITDA—18.00
PEG—1.10
Earnings yield6.503.60
Growth & profitability
RevenuePAT
FY25PAT margin 19.30%
FY26PAT margin 14.60%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y-0.20%
Revenue CAGR 5Y-0.10%
PAT CAGR 3Y-8.30%
PAT CAGR 5Y-5.60%
Operating margin8.95%
Net margin15.57%
Financial health & cash flow
Net debt₹414.2 CrModerate
Interest coverage27.80xEBIT / interest
CFO / PAT0.32x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹191.8 Cr
Capital expenditure–
Free cash flow₹126.8 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall73/100
Valuation60/100
Profitability65/100
Financial health95/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Low Debt Profile: Debt-to-Equity is comfortable at 0.07x

Attractive Valuation: P/E of 15.4x trades below sector historical averages

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Building Products & Equipment.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

60%40%20%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
18.64%Institutional holding
28.53%Public holding
5Periods available
0.00%Promoter pledged
2.38LShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
11 Sept 2026Dividend₹2.00 / share—11 Sept 2026
05 Sept 2025Dividend₹2.00 / share—04 Sept 2025
—Dividend₹2.50 / share—11 Sept 2024
—Dividend₹1.50 / share—21 Aug 2023
—Dividend₹2.00 / share—22 Aug 2022
—Dividend₹2.00 / share—14 Sept 2021
16 Apr 2021Dividend₹10.00 / share—15 Apr 2021
11 Mar 2020Dividend₹10.00 / share—09 Mar 2020
—Dividend₹10.00 / share—12 Sept 2019
—Dividend₹10.00 / share—19 Sept 2018
—Dividend₹11.50 / share—27 Jul 2017
—Dividend₹10.00 / share—28 Jul 2016
—Dividend₹2.00 / share—20 Aug 2015
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)43.83%-13.75% latest vs average
Highest delivery58.13%on 30 Sept
Average volume (20D)391.7KTrading-session average
Conviction trendWeakening-13.75% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Larsen & Toubro Limited
Larsen & Toubro LimitedLT
Open analysis
₹4.99L30.091.05%₹67,942.00₹4,988.00+6.69%+15.52%
Adani Ports and Special Economic Zone Limited
Adani Ports and Special Economic Zone LimitedADANIPORTS
Open analysis
₹4.03L29.880.43%₹10,821.00₹3,650.00+18.57%+10.24%
Hindustan Aeronautics Limited
Hindustan Aeronautics LimitedHAL
Open analysis
₹3.34L35.790.92%₹5,515.00₹1,590.00+14.44%+14.88%
Bharat Electronics Limited
Bharat Electronics LimitedBEL
Open analysis
₹2.75L44.860.66%₹5,547.00₹1,055.00+24.93%+8.88%
InterGlobe Aviation Limited
InterGlobe Aviation LimitedINDIGO
Open analysis
₹1.81L—0.00%₹24,584.10-₹237.60+19.95%-110.92%
Bharat Heavy Electricals Limited
Bharat Heavy Electricals LimitedBHEL
Open analysis
₹1.51L52.550.32%₹7,697.72₹381.91+40.29%+183.84%
ABB India Limited
ABB India LimitedABB
Open analysis
₹1.44L92.640.43%₹3,559.00₹362.00+21.05%+2.84%
CG Power and Industrial Solutions Limited
CG Power and Industrial Solutions LimitedCGPOWER
Open analysis
₹1.33L106.680.16%₹3,281.00₹308.00+14.00%+15.36%
About Finolex Industries Limited
Finolex Industries Limited

Finolex Industries Limited (FIL) is a leading manufacturer of PVC Resin and the largest producer of PVC Pipes & Fittings in India. The Company offers the latest range of superior quality and durable PVC-U pipes and fittings used in agriculture, construction and industrial operations. Its product portfolio consists of two major divisions: PVC Resin PVC Pipes & Fittings [1]

IndiaIndustrials

Questions investors ask
Is Finolex Industries Limited Shariah compliant?

Finolex Industries Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (4.69%) complies with AAOIFI threshold (≤ 33%).

What is Finolex Industries Limited's current valuation relative to peers?

Finolex Industries Limited trades at a P/E of 15.4x compared to the sector median of 28.1x, and a Price-to-Book of 1.5x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.07x. Interest coverage is 27.8x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at -0.1% while net profit growth averaged -5.6%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.