NSE: FINPIPE | BSE: 500940

Falling Comet

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181.73 1.78 (0.99%)

34.76% Fall from 52W High

396.2K NSE+BSE Volume

NSE 21 Nov, 2025 3:31 PM (IST)

11,275.9

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.

19 May 2022

181.73

0.99%

Finolex Industries (BUY): Higher volumes drive topline but PVC price volatility persists

Buy: Finolex Industries Ltd.

Recommendation Target

BOB Capital Markets Ltd.

Q4 revenue increased 28% YoY as volumes/realisations rose 4%/9% in PVC pipes & fittings and 32%/8% in PVC resin

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

Finolex Industries Ltd.

27 Jan 2022

181.73

0.99%

Finolex Industries (HOLD): Tepid earnings outlook; PVC prices volatile

Hold: Finolex Industries Ltd.

Target

BOB Capital Markets Ltd.

Q3 revenue declined 6% YoY as volumes fell 15% in PVC pipes & fittings and 36% in PVC resin

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 Jan 2022

181.73

0.99%

Finolex Industries Ltd. | Q3FY22 Result Update

Buy: Finolex Industries Ltd.

Edelweiss

Weak results on volatile PVC prices

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

Finolex Industries Ltd.

16 Dec 2021

181.73

0.99%

Finolex Industries Ltd

Sell: Finolex Industries Ltd.

CD Equisearch

Record PVC/EDC delta at $790/ton (Vs $654 / ton in Q2FY21 Vs $830 / ton in Q1) last quarter pretty much explains the momentous rise in PVC resin EBIT to Rs 230.59 crs compared to just Rs 99.10 crs in the same quarter a year ago, as external sales of resin rose by a n astonishing 41.6% to 13684 tons. With spreads at record highs, PVC resin spreads...

Finolex Industries Ltd. has lost -30.80% in the last 1 Year

Finolex Industries Ltd.

01 Nov 2021

181.73

0.99%

Finolex Industries (HOLD): Strong realisation and volume growth aid profitability

Hold: Finolex Industries Ltd.

Target

BOB Capital Markets Ltd.

Q2 revenue growth robust at 85% YoY as PVC realisations surged 63% and pipe volumes grew 27% YoY

Finolex Industries Ltd. has lost -30.80% in the last 1 Year

Finolex Industries Ltd.

01 Oct 2021

181.73

0.99%

Company Update | Finolex Industries Ltd

Buy: Finolex Industries Ltd.

Target

Edelweiss

Expect volume to improve with seasonality; Realisation to remain at elevated level

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

Finolex Industries Ltd.

03 Aug 2021

181.73

0.99%

Finolex Industries: Q1FY22 Result Review

Hold: Finolex Industries Ltd.

Target

IDBI Capital

Sharp increase in realization aided net sales growth FIL's blended sales volume increased by 8% YoY to 106,068MT. Pipes volume grew by 5.5% YoY to 55,819MT, while PVC volume was up by 10.6% to 50,249MT. NSR further strengthened in both PVC and pipes segment by 92.7%/58.1% respectively over Q1FY21. Though raw material prices saw some softness in the beginning of Q1FY22, prices are again on uptrend and may touch a level of USD 1,300-1,400 by December, 2021. Pipes segment will remain subdued due to seasonal weakness in demand;...

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

Finolex Industries Ltd.

02 Aug 2021

181.73

0.99%

Finolex Industries (HOLD): Higher PVC resin prices aid profitability

Hold: Finolex Industries Ltd.

Target

BOB Capital Markets Ltd.

Q1FY22 revenue growth robust at 72% YoY as PVC realisations surged 93% YoY

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

Finolex Industries Ltd.

29 Jun 2021

181.73

0.99%

Finolex Industries Ltd | Q4FY21 Result Update

Buy: Finolex Industries Ltd.

Edelweiss

Robust performance aided by strong realisation improvement; in line with estimates

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

Finolex Industries Ltd.

29 Jun 2021

181.73

0.99%

Finolex Industries: Q4FY21 Result Review

Hold: Finolex Industries Ltd.

IDBI Capital

Finolex Industries Ltd. (FIL) reported the best ever quarterly performance on all key parameters. Net sales increased by 23.9% YoY to Rs12.4bn, while EBITDA came in at Rs4.1bn, a robust growth of 57.8% over Q4FY20. The company reported net profit of Rs2.9bn compared to Rs587mn in Q4FY20. The management attributed Q4FY21 performance to higher sales volume and improved realisations. Amid pandemic, demand has shifted from unorganised to organised players. Though second wave of Covid-19 led lockdown has weighed on demand for agri-pipes in Q1FY22E, the management cited that demand may come back in Q2FY22E, if things normalise. Nonagri segment demand is healthy as real estate has picked up well key cities. We have...

Finolex Industries Ltd. has lost -30.80% in the last 1 Year

Is Finolex Industries Ltd. worth buying?

411 Votes:

Buy 79.32%

Sell 9.0%

Hold 11.68%

RESEARCH REPORTS

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