NSE: FINPIPE | BSE: 500940

Mid-range Performer

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179.75 0.51 (0.28%)

2.3M NSE+BSE Volume

NSE 23 Jun, 2026 3:31 PM (IST)

11,153.1

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.

29 May 2026

179.75

0.28%

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...

Number of FII/FPI investors decreased from 165 to 158 in Mar 2026 qtr

Finolex Industries Ltd.

29 May 2026

179.75

0.28%

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 Ltd. is trading above its 150 day SMA of 175.0

Finolex Industries Ltd.

28 May 2026

179.75

0.28%

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 above its 150 day SMA of 175.0

Finolex Industries Ltd.

27 May 2026

179.75

0.28%

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.

Number of FII/FPI investors decreased from 165 to 158 in Mar 2026 qtr

Finolex Industries Ltd.

03 Feb 2026

179.75

0.28%

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...

Number of FII/FPI investors decreased from 165 to 158 in Mar 2026 qtr

Finolex Industries Ltd.

02 Feb 2026

179.75

0.28%

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 its 200 day SMA of 181.5

Finolex Industries Ltd.

11 Nov 2025

179.75

0.28%

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...

Number of FII/FPI investors decreased from 165 to 158 in Mar 2026 qtr

Finolex Industries Ltd.

10 Nov 2025

179.75

0.28%

Finolex Industries (BUY): Mixed Q2: margin surprise offsets weak volume

Buy: Finolex Industries Ltd.

BOB Capital Markets Ltd.

Reported weak pipe sales volume in Q2 due to muted demand environment, but beats EBITDA estimate on sharp margin improvement

Finolex Industries Ltd. is trading above its 150 day SMA of 175.0

Finolex Industries Ltd.

10 Nov 2025

179.75

0.28%

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

Accumulate: Finolex Industries Ltd.

Prabhudas Lilladhar

Number of FII/FPI investors decreased from 165 to 158 in Mar 2026 qtr

Finolex Industries Ltd.

21 Aug 2025

179.75

0.28%

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...

Number of MF schemes decreased from 20 to 14 in Mar 2026 qtr

Is Finolex Industries Ltd. worth buying?

421 Votes:

Buy 79.57%

Sell 9.03%

Hold 11.4%

RESEARCH REPORTS

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