Finolex Industries
- Market cap
- ₹ 8,785 Cr.
- P/E
- 14.3x
- P/B
- 1.47x
- 52-week range
- 140.1 – 200.4
- ROE
- 10%
- ROCE
- 13%
- Dividend yield
- 1.4%
- Debt / equity
- 0.07
- Sector
- Industrial Products
- Industry
- Plastic Products - Industrial
- Listed on
- NSE, BSE
About
Finolex Industries Limited is an India-based backward-integrated pipes and fittings company. The Company is engaged in the business of manufacturing polyvinyl chloride (PVC) pipes and fittings and PVC resin. The Company operates through two segments: PVC and PVC pipes and fittings. Its diverse product range caters to various sectors, including plumbing, sanitation, and agriculture providing solutions for a range of customer needs. Its products include agriculture pipes and fittings, and plumbing and sanitation pipes and fittings. The Company's agriculture pipes and fittings products include agriculture pipes and fittings, casing pipes, column pipes, and solvent cement and lubricant. Its plumbing pipes and fittings products include American Society for Testing and Materials (ASTM) pipes and fittings; chlorinated polyvinyl chloride (CPVC) pipes and fittings; soil, waste and rainwater pipe (SWR) pipes and fittings; sewerage pipes, and solvent cement, lubricant and primer.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Plastic Products - Industrial: 78 companies →Finolex Industries against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)14.3 against a typical 21.4: cheaper than most peers (1st = cheapest).24th of 76
- Sales growth−15.2% against a typical +14.5% from a year earlier.50th of 66
- Profit growth+17.3% against a typical +15.3% from a year earlier.27th of 55
- Share price, 3 months−14.4% against a typical −8.7%.44th of 61
- Size₹ 8,784.8 Cr. market value against a typical ₹ 104.4 Cr. (1st = largest).4th of 68
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA+ by 2 agencies- All agencies agree and none has raised a warning.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil AA+ | Stable | 8 May 2026 |
| India Ratings | IND AA+; IND A1+ | Stable | 13 Mar 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 8 May 2026 | Reaffirmed | Crisil AA+ | — | CRISIL | ₹ 1,916.25 Cr. | |
| 13 Mar 2026 | Reaffirmed | IND AA+ | — | India Ratings | ₹ 1,916.3 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 30 Oct 2026Upcoming | Financial Results | To consider and approve the Un-audited (Standalone and Consolidated) Financial Results of the Company for the Quarter and Half Year ended September 30, 2026 |
| 6 Aug 2026 | Financial Results | Board Meeting Intimation for considering and approving the Unaudited (Standalone and Consolidated) Financial Results of the Company for the Quarter ended June 30, 2026 |
| 26 May 2026 | Financial Results/Dividend | To consider and approve the Audited (Standalone & Consolidated) Financial Results for the Quarter and Financial Year ended 31st March, 2026 and recommend a dividend for the financial year 2025-26, if any |
| 31 Jan 2026 | Financial Results | To consider and approve the Un-Audited (Standalone and Consolidated) Financial Results of the Company for the Quarter and Nine Months ended December 31, 2025 |
| 7 Nov 2025 | Financial Results | To consider and approve the Un-audited (Standalone and Consolidated) Financial Results of the Company for the Quarter and Half Year ended September 30, 2025 |
| 2 Aug 2025 | Financial Results | To consider and approve the Unaudited Financial Results of the Company for the quarter ended June 30, 2025 |
| 23 May 2025 | Financial Results/Dividend | Finolex Industries Ltd has informed NSE that a meeting of the Board of Directors of the Company is scheduled on 23/05/2025, inter alia, to consider and approve the Audited Financial Results (Standalone & Consolidated) for the Quarter and Financial Year ended 31st March, 2025 and to consider and recommend a dividend for the financial year 2024-25, if any |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 883 | 1,020 | 1,235 | 1,140 | 828 | 1,001 | 1,172 | 1,043 | 859 | 898 | 1,314 | 884 |
| Expenses | 780 | 900 | 1,026 | 934 | 818 | 918 | 1,001 | 950 | 729 | 775 | 982 | 777 |
| Operating Profit | 103 | 120 | 209 | 207 | 11 | 83 | 171 | 94 | 130 | 123 | 332 | 107 |
| OPM % | 12% | 12% | 17% | 18% | 1.3% | 8% | 15% | 9% | 15% | 14% | 25% | 12% |
| Other Income | 70 | 47 | 54 | 472 | 85 | 66 | 85 | 69 | 68 | 63 | 53 | 76 |
| Interest | 12 | 8 | 7 | 7 | 7 | 10 | 6 | 6 | 4 | 3 | 8 | 7 |
| Depreciation | 27 | 28 | 27 | 26 | 26 | 27 | 27 | 27 | 27 | 26 | 26 | 27 |
| Profit before tax | 133 | 132 | 229 | 646 | 62 | 112 | 223 | 131 | 166 | 157 | 351 | 148 |
| Tax % | 27% | 27% | 28% | 23% | 34% | 16% | 26% | 25% | 26% | 26% | 26% | 23% |
| Net Profit | 98 | 95 | 165 | 501 | 41 | 94 | 165 | 98 | 124 | 116 | 261 | 115 |
| EPS in Rs | 1.58 | 1.54 | 2.66 | 8.07 | 0.66 | 1.52 | 2.65 | 1.58 | 1.99 | 1.87 | 4.21 | 1.85 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 5%
- 5 Years
- 4%
- 3 Years
- −2%
- TTM
- −2%
- 10 Years
- 10%
- 5 Years
- −4%
- 3 Years
- 38%
- TTM
- 55%
- 10 Years
- 6%
- 5 Years
- −1%
- 3 Years
- −8%
- TTM
- —
- 10 Years
- 12%
- 5 Years
- 10%
- 3 Years
- 8%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Finolex Industries | ₹ 141.35 | ₹ 8,785 Cr. | 14.3x | 1.5x | 10% | — |
| Supreme Industries | ₹ 3,450.00 | ₹ 43,824 Cr. | 45.6x | 7.1x | 16.1% | 8.5% |
| Astral | ₹ 1,353.00 | ₹ 36,348 Cr. | 66.9x | 9.1x | 14% | 8.1% |
| PG Electroplast | ₹ 472.00 | ₹ 13,535 Cr. | 90.6x | 5.8x | 6.7% | 3.7% |
| Garware Hi-Tech Films | ₹ 7,037.90 | ₹ 16,351 Cr. | 149.7x | 6.1x | 13.5% | 16% |
| Tega Industries | ₹ 1,721.60 | ₹ 12,919 Cr. | 79x | 3.6x | 5.9% | 8.4% |
Management
- Prakash Pralhad Chhabria
- Executive Chairman of the Board
- Chandan Verma
- Chief Financial Officer
- Dakshinamurthy Iyer
- Compliance Officer, Company Secretary, Head - Legal
- Saurabh Sarvottam Dhanorkar
- Managing Director
Prices are delayed and for information only. Nothing on this page is investment advice.