Finolex Industries Limited (FINPIPE) AI Stock Analysis

• Market Cap: ₹107.96B
• Dividend Yield: 1.19%
• Average Volume (3M): 48.12K
• Price to Earnings (P/E): 22.4
• Beta (1Y): 1.40
• Revenue Growth: -3.53%
• EPS Growth: -40.09%
• Country: IN
• Employees: 1,510
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Construction
• EPS (TTM): 1.90
• Shares Outstanding: 620,476,900
• 10 Day Avg. Volume: 43,104
• 30 Day Avg. Volume: 48,120
• PEG Ratio: 0.20
• Price to Book (P/B): 1.80
• Price to Sales (P/S): 2.65
• P/FCF Ratio: 41.12
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• Price Target: ₹188.00 ▲(5.32% Upside)

Finolex Industries Limited's overall stock score reflects its strong financial performance and stable balance sheet, which are offset by bearish technical indicators and moderate valuation. The company's ability to manage costs effectively is a significant strength, but challenges in revenue growth and market momentum present risks. The absence of recent earnings call insights or notable corporate events limits additional context for future performance.

Positive Factors

Strong Financial Health

The company's stable balance sheet and strong profitability metrics indicate robust financial health, providing a solid foundation for long-term growth and stability.

Efficient Cost Management

Efficient cost management and operational efficiency enhance profitability and competitiveness, supporting sustainable growth in the long term.

Low Leverage Risk

Low leverage risk due to prudent debt management ensures financial flexibility and reduces vulnerability to economic downturns, supporting long-term resilience.

Negative Factors

Volatile Revenue Growth

Volatile revenue growth can hinder long-term planning and investment, potentially impacting the company's ability to sustain growth and profitability.

Moderate Free Cash Flow Growth

Moderate free cash flow growth could constrain the company's ability to invest in new opportunities and expand operations, affecting long-term growth potential.

Decline in Revenue

A decline in revenue can impact future profitability and market position, challenging the company's ability to maintain its competitive edge.

Finolex Industries Limited Business Overview & Revenue Model

Company Description

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; solvent cement and lubricants; ASTM plumbing pipes and fittings; chlorinated PVC pipes and fittings; SWR pipes and fittings; sewerage pipes; and solvent cement lubricant and primer. It distributes its products through dealers and retail outlets. Finolex Industries Limited was founded in 1956 and is headquartered in Pune, India.

How the Company Makes Money

Finolex Industries generates revenue primarily through the production and sale of PVC pipes and fittings, which are essential for various applications including agriculture, construction, and infrastructure development. The company benefits from a diversified revenue model, with significant contributions from its core segments such as agricultural pipes, plumbing pipes, and industrial products. In addition, Finolex has established strategic partnerships and collaborations with distributors and retailers, enhancing its market reach and customer base. Factors contributing to its earnings include strong brand recognition, a wide distribution network, and a focus on quality and innovation, which helps maintain customer loyalty and attract new clients.

Finolex Industries Limited Financial Statement Overview

Summary

Finolex Industries Limited demonstrates strong financial health, with a stable balance sheet and solid profitability metrics. While revenue growth faces challenges, the company maintains effective cost and debt management. Continued focus on improving revenue and cash flow growth will be vital for long-term success.

Income Statement

Finolex Industries Limited shows a strong gross profit margin and consistent EBIT margin, indicating efficient cost management and operational efficiency. Revenue growth has been volatile, with a decline in 2025 compared to previous years, which could impact future profitability. The net profit margin improved significantly in 2025, suggesting better net income management.

Balance Sheet

The company has a robust equity position with a high equity ratio, indicating financial stability and low leverage risk. The debt-to-equity ratio is low, reflecting prudent debt management. Return on equity is strong, highlighting effective utilization of equity to generate profits.

Cash Flow

Operating cash flow is consistently positive, supporting the company's ability to fund operations. However, free cash flow growth is moderate, which may limit aggressive expansion. The operating cash flow to net income ratio is healthy, suggesting good cash conversion efficiency.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	40.45B	41.42B	43.17B	43.97B	46.47B	34.62B
Gross Profit	13.34B	14.66B	15.81B	12.61B	17.49B	15.09B
EBITDA	3.61B	4.70B	5.81B	3.25B	10.28B	9.90B
Net Income	3.97B	8.00B	4.74B	2.51B	10.51B	7.38B
Balance Sheet
Total Assets	0.00	73.82B	70.58B	62.85B	53.45B	42.94B
Cash, Cash Equivalents and Short-Term Investments	22.69B	22.69B	19.08B	18.00B	16.03B	8.15B
Total Debt	0.00	2.37B	3.94B	5.41B	2.78B	2.04B
Total Liabilities	-60.97B	12.85B	14.24B	13.82B	14.18B	11.55B
Stockholders Equity	60.97B	60.97B	56.34B	49.03B	39.28B	31.39B
Cash Flow
Free Cash Flow	0.00	2.67B	2.67B	1.33B	5.38B	8.76B
Operating Cash Flow	0.00	3.83B	3.53B	3.02B	6.22B	9.41B
Investing Cash Flow	0.00	83.40M	-829.70M	-2.88B	-4.40B	-8.77B
Financing Cash Flow	0.00	-3.49B	-2.77B	-289.40M	-1.90B	-903.00M

Finolex Industries Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 178.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:FINPIPE, the sentiment is Negative. The current price of 178.5 is above the 20-day moving average (MA) of 171.68, above the 50-day MA of 176.90, and below the 200-day MA of 192.69, indicating a neutral trend. The MACD of 0.86 indicates Negative momentum. The RSI at 48.72 is Neutral, neither overbought nor oversold. The STOCH value of 50.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:FINPIPE.

Finolex Industries Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TIMETECHNO	69 Neutral	₹89.10B	19.47	―	0.67%	7.53%	16.26%
GSFC	68 Neutral	₹70.59B	10.57	―	2.80%	15.25%	26.49%
PRIVISCL	64 Neutral	₹105.30B	39.47	―	0.15%	24.25%	96.45%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
FINPIPE	61 Neutral	₹107.96B	22.40	―	1.19%	-3.53%	-40.09%
RALLIS	56 Neutral	₹49.16B	27.93	―	0.92%	0.91%	18.12%
GRAPHITE	54 Neutral	₹122.75B	50.94	―	1.93%	-7.12%	-48.28%

Finolex Industries Limited Corporate Events

Finolex Industries Opens Special Window for Re‑lodgement of Physical Share Transfers

Finolex Industries Limited has notified the stock exchanges that it has published newspaper advertisements about the opening of a special window for re-lodgement of transfer requests relating to physical share certificates. The communication, made in compliance with SEBI’s Listing Obligations and Disclosure Requirements, directs shareholders to the notices carried in Financial Express and Loksatta and indicates that the details are also available on the company’s website, underscoring Finolex’s effort to facilitate legacy physical share transfers while maintaining regulatory transparency for investors.

Finolex Industries Appoints New Head of Human Resources

Finolex Industries Limited has announced the appointment of Mr. Shirish Panke as the new Head of Human Resources and Senior Management Personnel, effective December 11, 2025. Mr. Panke brings 29 years of strategic HR experience from leading manufacturing organizations, enhancing Finolex’s HR capabilities and supporting its growth and transformation initiatives.

Finolex Industries to Discuss Q2FY26 Financial Results in Upcoming Conference Call

Finolex Industries Limited has announced a conference call scheduled for November 10, 2025, to discuss its Q2FY26 financial results. This meeting will provide investors and analysts with insights into the company’s financial performance for the quarter, potentially impacting its market positioning and stakeholder interests.

Finolex Industries Launches Special Window for Share Transfers and New Campaign

Finolex Industries Limited has announced the opening of a special window for the re-lodgement of transfer requests for physical shares, alongside a 100 Days Campaign titled ‘Saksham Niveshak’. This initiative, communicated through newspaper advertisements in Financial Express and Loksatta, aims to streamline share transfer processes and engage stakeholders effectively, potentially enhancing shareholder relations and operational efficiency.