Finolex Industries Limited (IN:FINPIPE)
:FINPIPE
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Finolex Industries Limited
(FINPIPE)
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Rating:61Neutral
Price Target:
₹169.00
▼(-5.32% Downside)
Action:ReiteratedDate:11/30/25
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 balance sheet and low leverage
A high equity ratio and low debt-to-equity provide durable financial resilience, lowering default and refinancing risk. This balance-sheet strength preserves strategic optionality to fund capex, absorb commodity swings, or support distributors during cyclical downturns without relying heavily on external debt.
Negative Factors
Volatile and declining revenue trend
Contracting and inconsistent top-line trends reduce operational leverage and make scale-based cost absorption harder. Persistent revenue weakness can limit pricing power with suppliers and customers, constrain market-share gains in plumbing and irrigation, and pressure margin recovery over several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong balance sheet and low leverage
A high equity ratio and low debt-to-equity provide durable financial resilience, lowering default and refinancing risk. This balance-sheet strength preserves strategic optionality to fund capex, absorb commodity swings, or support distributors during cyclical downturns without relying heavily on external debt.
Read all positive factors
Finolex Industries Limited (FINPIPE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹102.44B
Dividend Yield1.19%
Average Volume (3M)48.12K
Price to Earnings (P/E)23.2
Beta (1Y)1.11
Revenue Growth-3.53%
EPS Growth-40.09%
CountryIN
Employees1,510
SectorBasic Materials
Sector Strength58
IndustryConstruction
Share Statistics
EPS (TTM)1.90
Shares Outstanding620,476,900
10 Day Avg. Volume43,104
30 Day Avg. Volume48,120
Financial Highlights & Ratios
PEG Ratio0.20
Price to Book (P/B)1.80
Price to Sales (P/S)2.65
P/FCF Ratio41.12
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹188.00Price Target Upside5.32% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)9.41
Revenue Forecast (FY)₹45.89B
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 pi...
How the Company Makes Money
Finolex Industries makes money primarily by manufacturing and selling PVC pipes and fittings. Its core revenue stream is the sale of these piping products across key end-markets such as agricultural irrigation, potable water supply/plumbing, drain...
Finolex Industries Limited Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
80
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 40.75B | 41.42B | 43.17B | 43.97B | 46.47B | 34.62B |
| Gross Profit | 14.53B | 14.66B | 15.81B | 12.61B | 17.49B | 15.09B |
| EBITDA | 5.48B | 4.70B | 5.81B | 3.25B | 10.28B | 9.90B |
| Net Income | 4.80B | 8.00B | 4.74B | 2.51B | 10.51B | 7.38B |
Balance Sheet | ||||||
| Total Assets | 67.77B | 73.82B | 70.58B | 62.85B | 53.45B | 42.94B |
| Cash, Cash Equivalents and Short-Term Investments | 19.71B | 22.69B | 19.08B | 18.00B | 16.03B | 8.15B |
| Total Debt | 212.20M | 2.37B | 3.94B | 5.41B | 2.78B | 2.04B |
| Total Liabilities | 8.63B | 12.85B | 14.24B | 13.82B | 14.18B | 11.55B |
| Stockholders Equity | 59.13B | 60.97B | 56.34B | 49.03B | 39.28B | 31.39B |
Cash Flow | ||||||
| Free Cash Flow | -137.90M | 2.67B | 2.67B | 1.33B | 5.38B | 8.76B |
| Operating Cash Flow | 116.30M | 3.83B | 3.53B | 3.02B | 6.22B | 9.41B |
| Investing Cash Flow | 4.07B | 83.40M | -829.70M | -2.88B | -4.40B | -8.77B |
| Financing Cash Flow | -4.41B | -3.49B | -2.77B | -289.40M | -1.90B | -903.00M |
Finolex Industries Limited Technical Analysis
Negative
178.50
Price Trends
176.46
Negative
175.39
Negative
188.56
Negative
Market Momentum
-4.74
Negative
45.29
Neutral
82.26
Negative
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 167.39, above the 50-day MA of 176.46, and below the 200-day MA of 188.56, indicating a bearish trend. The MACD of -4.74 indicates Negative momentum. The RSI at 45.29 is Neutral, neither overbought nor oversold. The STOCH value of 82.26 is Negative, 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹90.78B | 17.09 | ― | 0.67% | 7.53% | 16.26% | |
64 Neutral | ₹115.22B | 35.11 | ― | 0.15% | 24.25% | 96.45% | |
63 Neutral | ₹50.19B | 700.00 | ― | 0.92% | 0.91% | 18.12% | |
62 Neutral | ₹66.76B | 11.49 | ― | 2.80% | 15.25% | 26.49% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | ₹102.44B | 23.17 | ― | 1.19% | -3.53% | -40.09% | |
54 Neutral | ₹124.45B | 46.09 | ― | 1.93% | -7.12% | -48.28% |
* Basic Materials Sector Average
IN:FINPIPE
Finolex Industries Limited
165.10
-11.83
-6.69%
IN:GRAPHITE
Graphite India Limited
637.00
176.98
38.47%
IN:GSFC
Gujarat State Fertilizers & Chemicals Limited
167.55
-18.25
-9.82%
IN:PRIVISCL
Privi Speciality Chemicals Limited
2,949.60
1,087.39
58.39%
IN:RALLIS
Rallis India Limited
258.10
32.91
14.61%
IN:TIMETECHNO
Time Technoplast Limited
183.90
5.59
3.13%
Finolex Industries Limited Corporate Events
Finolex Industries Closes Trading Window Ahead of FY26 Results
Mar 25, 2026
Finolex Industries Limited has announced the closure of its trading window for designated persons and their immediate relatives in accordance with SEBI’s Prohibition of Insider Trading Regulations and the company’s internal code of con...
Finolex Industries Board Approves Q3 FY26 Unaudited Results After Clean Auditor Review
Jan 31, 2026
Finolex Industries Limited announced that its Board of Directors has approved and taken on record the unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2025, in compliance with SEBI’s l...
Finolex Industries Board Clears Q3 FY26 Unaudited Results After Auditor Review
Jan 31, 2026
Finolex Industries Limited’s board of directors approved and recorded the company’s unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2025 at its meeting held on 31 January 2026. ...
Finolex Industries Publishes Q3 FY26 Unaudited Financial Investor Presentation
Jan 31, 2026
Finolex Industries Limited has released an investor presentation detailing its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, in compliance with SEBI’s listing regulations. Th...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.