Finolex Industries Limited share price
NSE: FINPIPE · ISIN INE183A01024
Key numbers
- Market cap
- ₹ 9,532 Cr
- Current price
- ₹ 154.16
- 52-week high / low
- ₹ 209 / 148
- Stock P/E
- 15.5
- Book value
- ₹ 100.6
- Dividend yield
- 1.30%
- ROCE
- 12.6%
- ROE
- 9.7%
- Debt to equity
- 0.07
- Sales growth (3 yrs)
- -2.4%
- Profit growth (3 yrs)
- 33.7%
- 1-year return
- -28.7%
About Finolex Industries Limited
Finolex Industries Limited manufactures and sells polyvinyl chloride (PVC) pipes and fittings, and PVC resins in India. The company operates in two segments, PVC Resin and PVC Pipes and Fittings. It offers agriculture pipes and fittings; column pipes; casing pipes; and solvent cement and lubricants. The company also provides plumbing and sanitation pipes and fitting, such as ASTM pipes and fittings; CPVC pipes and fittings; SWR pipes and fittings; sewerage pipes; and solvent cement, lubricant, and primer. It distributes its products through dealers and retailers. Finolex Industries Limited was founded in 1956 and is headquartered in Pune, India.
Quarterly results
Consolidated figures in ₹ crores
| Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|
| Sales | 1,043 | 859 | 898 | 1,314 | 884 |
| Operating profit | 94 | 130 | 123 | 332 | 107 |
| Net profit | 98 | 124 | 116 | 261 | 115 |
| EPS (₹) | 1.59 | 2.00 | 1.88 | 4.23 | 1.85 |
Concall summary (2026-08-13)
AI summary of the earnings call transcript · tone: Positive · source document
Guidance & outlook
- If I look at top 6 companies and if I compare that data from FY23 to '26, our market share used to be 27%, which has come down now to about 22 -odd percent.
- Sir, next on the margin guidance, you are giving us sub-15% kind of margin guidance, whereas in an environment where the resin prices are falling and the volumes are also declining, we have delivered 12% kind of margin.
Growth & demand
- So, overall sales volume declined by 27% from the co rresponding quarter of the last year.
- Finolex Industries Limited August 07, 2026 Because if you look at the industry level numbers also, I think industry would have degrown by around 8% to 10-odd percent versus our degrowth would be much higher in volume terms.
Margins & costs
- We have seen a significant and healthy jump in EBITDA by 14% and the EBITDA margin improved from 9% to 12%.
- But in terms of the realization front, our Q-o-Q jump is just 1% versus both the companies who reported they reported a 7% and 9% kind of a Q-o-Q jump in the realization.
Capex & expansion
- So capacity or the CAPEX plans do not get impacted by the short -term macroeconomic environment as all our plans with respect to CAPEX and capacity expansions remain in place.
- So in a way, within the same territory, the few capacity we keep adding every year rather than announcing a big in terms of greenfield and brownfield expansion.
Balance sheet & cash
- Sir, my second question is, obviously, 27% volume decline means a lot of weak operating leverage.
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