Finolex Industries Ltd.    
10 Aug 2020
529.50
0.96%
BOB Capital Markets Ltd.
Finolex Industries' (FNXP) Q1 revenue declined 40% YoY, with volumes sliding 42% in both PVC pipe and resin segments amid the lockdown.
Finolex Industries Ltd. is trading above all available SMAs
Finolex Industries Ltd.    
08 Jul 2020
529.50
0.96%
BOB Capital Markets Ltd.
Key takeaways from our recent interaction with the management of Finolex Industries (FNXP): (1) FNXP witnessed healthy demand for agricultural pipes in May and June following easing of the nationwide lockdown.
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Finolex Industries Ltd. has gained 32.41% in the last 6 Months
Finolex Industries Ltd.    
25 Jun 2020, 12:00AM
529.50
0.96%
Edelweiss
Finolex Industries (FIL) reported a weak set of Q4FY20 earnings led by tepid pick-up in pipe volumes, forex losses and operating deleverage.
Finolex Industries Ltd. is trading above all available SMAs
Finolex Industries Ltd.    
25 Jun 2020, 12:00AM
529.50
0.96%
IDBI Capital
Finolex Industries Ltd.'s (FIL) Q4FY20 result was marred by lower volume off-take amid COVID-19 pandemic. The company's plants and business was completely shut down from March 23, 2020, which led to muted performance in otherwise a seasonally strong quarter. Net sales declined by 20.5%YoY to Rs7,661mn, while EBITDA came in at Rs1,041mn, down by 29%YoY. The company reported net profit of Rs587mn, declined by 37.2%YoY. On a positive note, plant operations have gradually started from April end and demand outlook remains healthy, particularly on agri-pipes segment. We like FIL's extensive distribution network, healthy market share in pipes segment and...
Finolex Industries Ltd. has gained 32.41% in the last 6 Months
Finolex Industries Ltd.    
26 May 2020, 12:00AM
529.50
0.96%
CD Equisearch
Robust growth of Finolex's non-agri pipes business did little to circumvent patchy of take of its agri pipes (impacted by longer monsoons) for overall PVC pipes & fittings volumes plunged by a distressing 10.8% to 52815 tons compared to 59179 tons in the same quarter a year ago, erasing much of the gains observed in Q1 when volumes surge by a barely subdued 18.1%. For all the babble regarding humungous market opportunities in CPVC...
Finolex Industries Ltd. is trading above all available SMAs
Finolex Industries Ltd.    
17 Feb 2020
529.50
0.96%
IDBI Capital
Finolex Industries (FIL) Q3FY20 result was below our estimates on sales front owing to lower sales volume. However, lower inventory cost aided EBITDA. Revenue declined by 7.6% YoY to Rs6.9bn, whereas EBITDA improved by 10.8% to Rs1.3bn. Lower tax outgo supported PAT which reported growth of 25.3%YoY to 0.9bn. PVC resin volume declined by 11.5%YoY on account of extended monsoons and PVC pipes & fittings witnessed degrowth of 10.8% YoY to 52,815MT. CPVC /Column pipe volume was at 2,489MT/429MT. In spite of weak volume off take, the company has maintained its FY20 volume growth guidance of 15-20%. The management reiterated the company's...
Finolex Industries Ltd. has gained 32.41% in the last 6 Months
Finolex Industries Ltd.    
16 Feb 2020
529.50
0.96%
Edelweiss
Finolex Industries Ltd. (FIL) reported a mixed set of numbers in the quarter with revenue falling short of estimates & EBITDA coming in ahead of estimates.
Finolex Industries Ltd. is trading above all available SMAs
Finolex Industries Ltd.    
13 Feb 2020
529.50
0.96%
BOB Capital Markets Ltd.
Finolex Industries' (FNXP) revenue declined 8% YoY, with an 11% drop in PVC pipe and resin volumes.
Finolex Industries Ltd. is trading above all available SMAs
Finolex Industries Ltd.    
27 Dec 2019
529.50
0.96%
CD Equisearch
Subdued off take of PVC pipe & fittings (6.1% growth) in Q2 largely due to heavy rains during monsoon season, affected its margins. Much of the damage was done due to PVC segment which reported over 50% drop in EBIT not least due to lower PVC/EDC delta - a result of higher EDC and lower PVC prices. Though PVC business profitability as measured by PVC/ EDC delta slightly improved in Q2, external sale of PVC resins...
Finolex Industries Ltd. is trading above all available SMAs
Finolex Industries Ltd.    
14 Nov 2019
529.50
0.96%
Edelweiss
Finolex Industries Ltd. (FIL) reported better numbers in the quarter than estimates. Revenue was up 6.3% to INR 577cr, which is 2.8% above our estimates.
Finolex Industries Ltd. has gained 32.41% in the last 6 Months