NSE: FINPIPE | BSE: 500940

Mid-range Performer

Download real time

186.20 -1.41 (-0.75%)

34.64% Fall from 52W High

115.9K NSE+BSE Volume

NSE 12 Nov, 2025 10:24 AM (IST)

11,553.3

Market Cap

High in industry

1.2

Beta 1Year

Very High Volatility

Finolex Industries Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for FINPIPE, BSE:500940 Finolex Industries Ltd.

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Finolex Industries Ltd.

11 Nov 2025, 12:00AM

186.20

-0.75%

Finolex Industries: Q2FY26 Result Review

Hold: Finolex Industries Ltd.

IDBI Capital

Finolex Industries' (FIL) Q2FY26 result was a mixed bag as net sales was marginally below our estimate, while margins were beat to our forecast. Volume decreased by about 6% YoY mainly on account of prolonged heavy monsoon. The management anticipates a rebound in deferred demand once the monsoon recedes and does not foresee a significant overall decline in agri demand. The company faced global structural issues in the VCM market, which it is attempting to manage through long-term contracts to ensure continued supply. The management reiterated that the core focus remains on being a...

Finolex Industries Ltd. has lost -33.87% in the last 1 Year

Finolex Industries Ltd.

10 Nov 2025

186.20

-0.75%

Finolex Industries (FNXP IN) Q2FY26 Result Update Agri...

Accumulate: Finolex Industries Ltd.

Prabhudas Lilladhar

IDBI Capital released a Hold report for Finolex Industries Ltd. with a price target of 207.0 on 11 Nov, 2025.

Finolex Industries Ltd.

21 Aug 2025

186.20

-0.75%

Finolex Industries (FNXP IN) Management Meet Update ADD...

Accumulate: Finolex Industries Ltd.

Target

Prabhudas Lilladhar

at 50% discount to consensus target market value. We recently met the management of Finolex Industries (FNXP) to gauge volume growth outlook, market share dynamics, PVC resin availability, and price trends post DGTR's final findings on ADD on PVC resin. The company reiterated its 10% volume growth guidance in Pipes & Fittings (P&F) for FY26 and expects margin improvement ahead. We believe FNXP stands to benefit from 1) imposition of ADD on PVC resin given its backward integration, 2) GST rate revision on agri pipes, 3) expanding dealer/distribution network, and 4) gradual expansion in...

Finolex Industries L.. has an average target of 236.00 from 3 brokers.

Finolex Industries Ltd.

06 Aug 2025

186.20

-0.75%

Finolex Industries: Q1FY26 Result Review

Hold: Finolex Industries Ltd.

Recommendation Target

IDBI Capital

Finolex Industries' (FIL) Q1FY26 result was below our estimates on key parameters. The company experienced modest growth in pipes and fittings volumes, despite a weak overall demand scenario, however, operating performance was muted mainly due to weaker realization on account of volatility in PVC prices. The management guided that the demand has shown high single-digit growth as of early August 2025. The company expects this high single-digit trend to continue and is hopeful of crossing double-digit growth for FY26. Net sales declined by 8.5% YoY to Rs10.4bn, while EBITDA came in at...

IDBI Capital released a Hold report for Finolex Industries Ltd. with a price target of 207.0 on 11 Nov, 2025.

Finolex Industries Ltd.

27 May 2025

186.20

-0.75%

Finolex Industries (BUY): Cautious demand outlook; but margin expansion likely in FY26

Buy: Finolex Industries Ltd.

Target

BOB Capital Markets Ltd.

Beats EBITDA estimate by 47.0% on sharp sequential improvement in the pipe segment margin

Finolex Industries L.. has an average target of 236.00 from 3 brokers.

Finolex Industries Ltd.

27 May 2025

186.20

-0.75%

Finolex Industries (FNXP IN) Q4FY25 Result Update Margin...

Hold: Finolex Industries Ltd.

Target

Prabhudas Lilladhar

P&F reported soft volume growth of 2.1% YoY due to challenging demand scenario and delays in ADD on PVC resin prices. The company has guided double digit volume growth for FY26, with margin recovery expected as competitive pricing will improve with demand and normalization in channel inventory. EBIT/kg for the P&F segment moderated at Rs10.5 with lower PVCEDC spread at USD 491/MT and 3.2% YoY lower realization. The correction in realization was mainly due to discounts and correction in RM prices. We...