NSE: FINPIPE | BSE: 500940

Strong Performer, Getting Expensive

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217.69 1.49 (0.69%)

34.88% Fall from 52W High

155.7K NSE+BSE Volume

NSE 19 Sep, 2025 11:30 AM (IST)

13,507.2

Market Cap

High in industry

1.2

Beta 1Year

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.

Finolex Industries Ltd.

20 Jul 2023

217.69

0.69%

FINOLEX INDUSTRIES

Accumulate: Finolex Industries Ltd.

Target

Prabhudas Lilladhar

Finolex Industries Ltd. has lost -27.82% in the last 1 Year

Finolex Industries Ltd.

26 Jun 2023

217.69

0.69%

Finolex Industries Ltd

Sell: Finolex Industries Ltd.

Target

CD Equisearch

Number of FII/FPI investors increased from 165 to 171 in Jun 2025 qtr.

Finolex Industries Ltd.

24 May 2023

217.69

0.69%

India Update

Buy: Finolex Industries Ltd.

ICICI Securities Limited

The Union ministry of commerce is in talks with regulators and other departments to put in place systems that will level the field between exports through e-commerce and traditional channels, when it comes to tax refunds.

Finolex Industries Ltd. has lost -27.82% in the last 1 Year

Finolex Industries Ltd.

24 May 2023

217.69

0.69%

Volume & margin outlook healthy for FY24

Buy: Finolex Industries Ltd.

Target

ICICI Securities Limited

In Q4FY23, Finolex Industries (FNXP) reported pipe volume growth of 3.6% YoY (-9.9% QoQ, flat 4-year CAGR), driven by uptick in agri and plumbing demand, as PVC resin prices stabilised (close to their 10-year average). Consolidated EBIDTA margin expanded by 10.9ppt QoQ to 19.1% (+246bps YoY) driven by profitability improvement in both PVC pipes and resin segments.

Number of FII/FPI investors increased from 165 to 171 in Jun 2025 qtr.

Finolex Industries Ltd.

23 May 2023

217.69

0.69%

FINOLEX INDUSTRIES

Accumulate: Finolex Industries Ltd.

Recommendation Target

Prabhudas Lilladhar

Finolex Industries L.. has an average target of 233.33 from 3 brokers.

Finolex Industries Ltd.

28 Mar 2023

217.69

0.69%

FINOLEX INDUSTRIES

Buy: Finolex Industries Ltd.

Prabhudas Lilladhar

Finolex Industries Ltd. is trading above all available SMAs

Finolex Industries Ltd.

03 Mar 2023

217.69

0.69%

Expect margin tailwinds from Q4FY23

Buy: Finolex Industries Ltd.

Recommendation

ICICI Securities Limited

We recently interacted with the management of Finolex Industries (Finolex) and following are the key takeaways: 1) Demand from agriculture pipes is yet to pick-up in Q4FY23 post strong demand seen in Dec’22 (partly due to dealer restocking as PVC prices started to increase post a sharp decline). It is hopeful of better demand scenario in March as the busy season for agriculture has started (Feb-May) and PVC prices remain attractive post the steep correction of ~34% YTD.

Finolex Industries L.. has an average target of 233.33 from 3 brokers.

Finolex Industries Ltd.

07 Feb 2023

217.69

0.69%

Strong-volume quarter; profitability to improve Q4 onward

Accumulate: Finolex Industries Ltd.

Recommendation Target

ICICI Securities Limited

Finolex Industries (FNXP) reported a better than expected growth of 92.4% YoY (4-year CAGR of 11.2%) in pipe volumes on a low base. The segmental outperformance was driven largely by the agri segment as well as dealer restocking as PVC resin prices stabilised.