Finolex Inds.

Why is Finolex Industries Ltd falling/rising?

As of 05-Sep, Finolex Industries Ltd's stock price is at 158.65, reflecting a year-to-date decline of 8.85% and a 27.34% drop over the past year, with ongoing underperformance against benchmarks and reduced institutional investor interest. Despite being net-debt free and showing a profit increase of 54.9% over the past year, the stock faces pressure from declining sales and cautious market sentiment.

As of 05-Sep, Finolex Industries Ltd's stock price is experiencing a slight decline, currently at 158.65, reflecting a change of -0.05 (-0.03%). The stock has shown a negative performance over various time frames, with a year-to-date decline of 8.85% and a significant drop of 27.34% over the past year. This underperformance is compounded by a consistent trend of falling returns compared to the benchmark, as the stock has underperformed against the BSE500 in each of the last three annual periods.<BR><BR>Despite a recent three-day gain of 2.32%, the overall sentiment remains cautious due to several negative factors. The company's operating profit has decreased at an annual rate of -10.76% over the last five years, and recent quarterly results indicate a 15.30% decline in net sales. Additionally, institutional investor participation has decreased, with a reduction of -1.45% in their stake over the previous quarter, which suggests a lack of confidence among more knowledgeable investors.<BR><BR>While the company is net-debt free and has shown a significant profit increase of 54.9% over the past year, the stock's valuation remains under pressure due to its historical performance and the flat results reported in the latest quarter. Overall, the combination of declining sales, reduced institutional interest, and consistent underperformance against benchmarks contributes to the stock's current downward trend.

Which are the latest news on Finolex Inds.?

Who are in the management team of Finolex Inds.?

The management team of Finolex Industries includes Managing Director Anil V Whabi, Executive Chairman Prakash P Chhabria, and several directors, both executive and independent, such as Saumya Chakrabarti and Bhumika Batra, among others, contributing diverse expertise to the company's strategic direction.

The management team of Finolex Industries includes the following key members:<BR><BR>1. **Anil V Whabi** - Managing Director<BR>2. **Prakash P Chhabria** - Executive Chairman<BR>3. **Saumya Chakrabarti** - Director (Technical)<BR>4. **Ritu P Chhabria** - Non-Executive & Non-Independent Director<BR>5. **S S Dhanorkar** - Non-Executive & Non-Independent Director<BR><BR>Additionally, the board includes several independent directors:<BR><BR>1. **Bhumika Batra** - Independent Director<BR>2. **Kanchan Chitale** - Independent Director<BR>3. **Pradeep R Rathi** - Independent Director<BR>4. **Deepak Parikh** - Independent Director<BR>5. **A N Roy** - Independent Director<BR><BR>This diverse team brings a range of expertise to the company, contributing to its strategic direction and operational management.

What does Finolex Inds. do?

Finolex Industries Ltd is a small-cap company specializing in PVC pipes and fittings for agriculture, plumbing, and sanitation. As of June 2026, it reported net sales of 884 Cr and a net profit of 115 Cr, with a market cap of INR 9,943 Cr.

Overview:<BR>Finolex Industries Ltd is a small-cap company operating in the Plastic Products - Industrial sector, specializing in a wide range of PVC pipes and fittings for agriculture, plumbing, and sanitation applications.<BR><BR>History:<BR>Finolex Industries Ltd was incorporated on 28 March 1981 and changed its name from Finolex Pipes Limited on 24 February 1995. The latest quarterly results reported net sales and net profit for June 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 884 Cr (Quarterly Results - Jun 2026)<BR>- Net Profit: 115 Cr (Quarterly Results - Jun 2026)<BR>- Market Cap: INR 9,943 Cr (Small Cap)<BR><BR>Key Metrics:<BR>- P/E: 16.00<BR>- Industry P/E: 34<BR>- Dividend Yield: 2.24%<BR>- Debt-Equity: -0.33<BR>- Return on Equity: 9.64%<BR>- Price to Book: 1.60<BR><BR>Contact Details:<BR>Address: Gat No 399 Village Urse, Taluka Maval Pune Maharashtra : 410506<BR>Tel: 91-02114-237251<BR>Email: investors@finolexind.com<BR>Website: http://www.finolex.com

Who are the peers of the Finolex Inds.?

Finolex Inds. peers include Supreme Inds., Astral, Garware Hi Tech, Shaily Engineer, Time Technoplast, Kingfa Science, Prince Pipes, Apollo Pipes, Jain Irrigation, and Jai Corp. In terms of returns, Finolex Inds. has a 1-year return of -25.45%, better than Jain Irrigation but worse than all other peers.

Peers: The peers of Finolex Inds. are Supreme Inds., Astral, Garware Hi Tech, Shaily Engineer., Time Technoplast, Kingfa Science, Prince Pipes, Apollo Pipes, Jain Irrigation, and Jai Corp.<BR><BR>Quality Snapshot: Excellent management risk is observed at Supreme Inds., Astral, Shaily Engineer., Time Technoplast, and Finolex Inds., while Average management risk is found at Garware Hi Tech, Kingfa Science, Prince Pipes, Apollo Pipes, and Jai Corp. Good growth is noted at Shaily Engineer. and Time Technoplast, while Below Average growth is seen at Supreme Inds., Astral, Garware Hi Tech, Finolex Inds., Prince Pipes, Apollo Pipes, and Jain Irrigation. Excellent capital structure is present at Supreme Inds., Astral, Garware Hi Tech, Finolex Inds., Kingfa Science, and Prince Pipes, while Good capital structure is found at Shaily Engineer. and Time Technoplast, and the rest have Below Average capital structure.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Garware Hi Tech at 165.29%, while the peer with the lowest is Jain Irrigation at -42.90%. Finolex Inds. has a 1-year return of -25.45%, which is better than Jain Irrigation but worse than all other peers. Additionally, the six-month return is negative for Supreme Inds., Finolex Inds., Time Technoplast, Jain Irrigation, and Jai Corp.

How big is Finolex Inds.?

As of 31st August, Finolex Industries Ltd has a market capitalization of 9,943.00 Cr, with recent net sales of 3,953.86 Cr and a net profit of 615.41 Cr. The company has shareholder's funds of 6,214.71 Cr and total assets of 7,595.57 Cr as of March 2026.

As of 31st August, Finolex Industries Ltd has a market capitalization of 9,943.00 Cr, categorizing it as a Small Cap company.<BR><BR>In the latest four quarters, Finolex Industries reported Net Sales of 3,953.86 Cr and a Net Profit of 615.41 Cr.<BR><BR>For the latest annual period ending March 2026, the company has Shareholder's Funds amounting to 6,214.71 Cr and Total Assets of 7,595.57 Cr.

Should I buy, sell or hold Finolex Industries Ltd?

When is the next results date for Finolex Industries Ltd?

The next results date for Finolex Industries Ltd is 06 August 2026.

The next results date for Finolex Industries Ltd is scheduled for 06 August 2026.

Are Finolex Industries Ltd latest results good or bad?

Finolex Industries Ltd's Q4 FY26 results are strong, with a net profit of ₹261.25 crore and record net sales of ₹1,313.88 crore, reflecting significant quarter-on-quarter growth. However, the company faces long-term challenges, including a negative five-year EBIT growth rate and below-average return on equity, indicating mixed prospects for future profitability.

Finolex Industries Ltd's latest results for Q4 FY26 can be considered quite strong, showcasing significant improvements in both profitability and sales. The consolidated net profit reached ₹261.25 crore, reflecting a remarkable increase of 125.06% quarter-on-quarter and 58.74% year-on-year. Additionally, net sales hit an all-time high of ₹1,313.88 crore, up 46.37% from the previous quarter and 12.12% year-on-year.<BR><BR>The operating margin also saw impressive growth, reaching 25.27%, which is the highest quarterly level in recent years. This indicates strong operational execution and improved efficiencies, particularly in the PVC pipes segment.<BR><BR>However, it's important to note that while the quarterly performance is commendable, the company faces longer-term challenges, including a five-year EBIT growth rate of -7.50%. This suggests structural issues that could affect future profitability. The return on equity, averaging 12.00%, is below the peer average, indicating modest capital efficiency.<BR><BR>Overall, the results reflect a strong operational quarter, but the company must demonstrate that this performance can be sustained over time to address the underlying growth challenges. Investors may view the current situation as mixed, with strong short-term results tempered by longer-term concerns.

Is Finolex Inds. technically bullish or bearish?

As of November 21, 2025, Finolex Industries shows a bearish technical trend, indicated by negative signals from MACD, Bollinger Bands, and moving averages, alongside significant underperformance compared to the Sensex.

As of 21 November 2025, the technical trend has changed from mildly bearish to bearish. The current technical stance for Finolex Industries is bearish with a strong indication of weakness. Key indicators driving this stance include bearish signals from the MACD on both weekly and monthly time frames, bearish readings in Bollinger Bands, and a bearish moving average on the daily chart. Additionally, the KST is bearish on both weekly and monthly levels. Although the Dow Theory indicates a mildly bearish outlook, the overall technical picture remains negative, especially considering the significant underperformance compared to the Sensex over various periods.

How has been the historical performance of Finolex Inds.?

Finolex Industries has experienced a declining trend in net sales and operating profits, with net sales dropping from 4,647.32 crore in March 2022 to 4,141.97 crore in March 2025, despite a rise in profit before tax and profit after tax during the same period. The company faces challenges due to rising raw material costs and fluctuating operating profit margins.

Answer:<BR>The historical performance of Finolex Industries shows a fluctuating trend in net sales and profits over the years, with a notable decline in recent periods.<BR><BR>Breakdown:<BR>Finolex Industries reported net sales of 4,141.97 crore in March 2025, a decrease from 4,317.43 crore in March 2024 and 4,397.05 crore in March 2023, reflecting a downward trend from a peak of 4,647.32 crore in March 2022. The total operating income followed a similar pattern, with a total of 4,141.97 crore in March 2025 compared to 4,317.43 crore in the previous year. The company faced rising raw material costs, which were 2,621.95 crore in March 2025, down from 2,744.92 crore in March 2024 but higher than previous years. Operating profit (PBDIT) was 722.43 crore in March 2025, a slight decline from 764.80 crore in March 2024, and significantly lower than 1,105.97 crore in March 2022. Profit before tax increased to 1,003.07 crore in March 2025 from 612.33 crore in March 2024, while profit after tax also rose to 759.86 crore from 435.37 crore in the prior year. The company's total assets increased to 7,381.93 crore in March 2025, up from 7,057.85 crore in March 2024, and total liabilities also rose to 7,381.93 crore from 7,057.85 crore. Cash flow from operating activities improved to 382 crore in March 2025 from 353 crore in March 2024, contributing to a net cash inflow of 42 crore in March 2025, compared to a net outflow of 6 crore in March 2024. Overall, while the company has shown some recovery in profits, the decline in sales and operating profit margins indicates challenges in maintaining growth.

Is Finolex Inds. overvalued or undervalued?

As of October 7, 2025, Finolex Industries is fairly valued with a PE ratio of 30.56 and an EV to EBITDA of 28.18, making it more attractive than peers like Supreme Industries and Astral, despite a year-to-date return of -22.17%.

As of 7 October 2025, the valuation grade for Finolex Industries has moved from expensive to fair. The company is currently fairly valued. Key ratios include a PE ratio of 30.56, an EV to EBITDA of 28.18, and a Price to Book Value of 1.99. When compared to peers, Finolex's valuation appears more attractive than Supreme Industries and Astral, which are both classified as very expensive with PE ratios of 60.53 and 78.84, respectively.<BR><BR>Despite recent underperformance, with a year-to-date return of -22.17% compared to the Sensex's 4.85%, the company's valuation metrics suggest it is positioned reasonably within its industry. The PEG ratio of 0.00 indicates that there may be growth opportunities not currently reflected in the stock price, reinforcing the fair valuation assessment.

Who are the top shareholders of the Finolex Inds.?

The top shareholders of Finolex Industries include Finolex Cables Ltd. as the largest promoter with 32.39%, mutual funds holding 10.44%, foreign institutional investors at 6.48%, and individual shareholders collectively owning 22.87%, with Anuj A Sheth being the highest public shareholder at 3.37%.

The top shareholders of Finolex Industries include a mix of promoters, institutional investors, and individual shareholders. The majority of the shares are held by promoters, with Finolex Cables Ltd. being the largest promoter, holding 32.39%. <BR><BR>In terms of institutional holdings, mutual funds collectively hold 10.44% through 22 schemes, while foreign institutional investors (FIIs) own 6.48% across 128 entities. The highest public shareholder is Anuj A Sheth, who holds 3.37%. Additionally, individual investors collectively hold 22.87% of the shares. <BR><BR>Overall, the ownership structure reflects a strong presence of promoter holdings alongside significant participation from mutual funds and individual investors.

Has Finolex Inds. declared dividend?

Yes, Finolex Industries Ltd has declared a 125% dividend, amounting to ₹2.5 per share, with an ex-date of September 11, 2024. While recent returns have been negative, the company has shown positive total returns over the longer term, especially in the past five years.

Finolex Industries Ltd has declared a 125% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 125%<BR>- Amount per share: 2.5<BR>- Ex-date: 11 Sep 24<BR><BR>Dividend Yield: 1.17%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -22.09%, with a dividend return of 0%, resulting in a total return of -22.09%.<BR><BR>Over the past year, the price return was -37.4%, the dividend return was 0.73%, leading to a total return of -36.67%.<BR><BR>In the 2-year period, the price return was 27.89%, the dividend return was 2.28%, culminating in a total return of 30.17%.<BR><BR>For the 3-year period, the price return was 30.62%, the dividend return was 4.40%, resulting in a total return of 35.02%.<BR><BR>In the last 4 years, the price return was 27.09%, the dividend return was 4.39%, giving a total return of 31.48%.<BR><BR>Over the past 5 years, the price return was 126.33%, the dividend return was 8.04%, leading to a total return of 134.37%.<BR><BR>Overall, Finolex Industries Ltd has declared a significant dividend, and while recent returns have been negative, the longer-term performance shows positive total returns, particularly over the 5-year period.