NSE: FINPIPE | BSE: 500940

Mid-range Performer

Download real time

156.90 -0.82 (-0.52%)

29.48% Fall from 52W High

230.9K NSE+BSE Volume

NSE 01 Sep, 2026 11:54 AM (IST)

9,735.3

Market Cap

High in industry

Beta 1Year

Low 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.

08 Aug 2026

156.90

-0.52%

PVC price volatility constricts pipe volumes; outlook better as PVC has stabilised

Buy: Finolex Industries Ltd.

Target

ICICI Securities Limited

For Q1FY27, Finolex Industries (FNXP)’ operational profitability surpassed our estimates – lifted by better realisations. EBITDA/kg in the pipe segment rose 55% YoY to INR 15.7 on a low base, resulting in EBITDA growth of 13.9% YoY.

Finolex Industries L.. has an average target of 211.60 from 5 brokers.

Finolex Industries Ltd.

29 May 2026

156.90

-0.52%

Finolex Industries: Q4FY26 Result Review

Hold: Finolex Industries Ltd.

Target

IDBI Capital

Finolex Industries' (FIL) Q4FY26 result beat our estimates on margins front. The management guided that the agricultural volume was subdued in Q4 because farmers anticipated softening prices amid market volatility, alongside delayed monsoons, though agricultural pipe demand began showing initial recovery indicators during the month of May. The company is gradually diversifying its product mix to reduce agri-dependence, with the agricultural segment share declining from 67% in FY25 to 63% in FY26, while the non-agricultural segment continues expanding. Further, the management noted that the fittings segment...

Finolex Industries L.. has an average target of 211.60 from 5 brokers.

Finolex Industries Ltd.

29 May 2026

156.90

-0.52%

Finolex Industries (HOLD): Strong operating performance

Hold: Finolex Industries Ltd.

BOB Capital Markets Ltd.

Revenue grew 12% YoY despite flat volumes; EBITDA margin expanded sharply to 25.3% on strong PVC spreads and inventory gains

Finolex Industries has lost -25.96% in the last 1 Year

Finolex Industries Ltd.

28 May 2026

156.90

-0.52%

Finolex Industries (FNXP IN) Q4FY26 Result Update Subdued volume, inventory gain drives margin expansion Downgrade to ACCUMULATE'

Accumulate: Finolex Industries Ltd.

Target

Prabhudas Lilladhar

volatility in RM prices . The company reported an inventory gain of INR 350-400mn in purchases amid PVC price volatility and expectations of further price corrections, segment for FY27, while targeting EBITDA margins at sub-15% levels amid continued Q4FY26. The company increased its inventory position to 91 days (up 22 days YoY,...

Finolex Industries Ltd. is trading below all available SMAs

Finolex Industries Ltd.

27 May 2026

156.90

-0.52%

Sharp beat led by margin despite soft volume, Maintain BUY

Buy: Finolex Industries Ltd.

Anand Rathi

Finolex Industries delivered a mixed performance in Q4FY26. Its revenue missed our estimate by 8.9% on lower pipe volume of -0.5% y/y vs. ARe of 10%, due to weak demand for agri pipe.

Finolex Industries L.. has an average target of 211.60 from 5 brokers.

Finolex Industries Ltd.

03 Feb 2026

156.90

-0.52%

Finolex Industries: Q3FY26 Result Review

Hold: Finolex Industries Ltd.

Target

IDBI Capital

Finolex Industries' (FIL) Q3FY26 result was below our estimates on key parameters. The management cited that the monsoon season materially impacted demand across the piping industry, leading to muted volumes in Q3. Channel inventory levels remained below normal but started rebuilding gradually in January as PVC prices stabilized and sentiment improved. Industry demand outlook remains cautious but seasonally stronger in Q4, with infrastructure and non-agri applications supporting recovery. However, management refrained from expecting double-digit industry growth given...

Finolex Industries has lost -25.96% in the last 1 Year

Finolex Industries Ltd.

02 Feb 2026

156.90

-0.52%

Finolex Industries (HOLD): Margins hold up on mix improvement and spread lag

Hold: Finolex Industries Ltd.

Recommendation Target

BOB Capital Markets Ltd.

FNXP trails peers on muted demand for agri pipes: rev declined ~10% YoY led by vol decline of ~14% YoY while realisations grew 5% YoY

Finolex Industries Ltd. is trading below all available SMAs

Finolex Industries Ltd.

11 Nov 2025

156.90

-0.52%

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...