NSE: FINPIPE | BSE: 500940

Strong Performer, Under Radar

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195.74 5.76 (3.03%)

High volume today

NSE 22 May, 2025 3:41 PM (IST)

12,145.2

Market Cap

High in industry

1.2

Beta 1Year

High Volatility

Board Meeting

The next board meeting for Finolex Industries Ltd. is on 23 May 2025 for the purpose of Audited Results & Final Dividend See details

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.

28 Oct 2020

195.74

3.03%

Finolex Industries: Q2FY21 Result Review

Buy: Finolex Industries Ltd.

IDBI Capital

Finolex Industries Ltd. (FIL) reported another strong quarterly performance in a seasonally weak quarter for agri-pipes. Lower PVC resin supply in domestic market created demand-supply mismatch, which led to higher sales volume and improved realization for FIL in its PVC segment. Net sales increased by 1.6% YoY to Rs5.8bn, while EBITDA came in at Rs1.4bn, a robust growth of 76.5% over Q2FY20. The company reported net profit of Rs1.2bn, up by 20.1% YoY. The management remains focused on increasing share of non-agri products and fittings to support sales growth as well as margin expansion in future. We have fine-tuned our net sales/PAT estimates for...

Finolex Industries Ltd. is trading below its 150 day SMA of 222.5

Finolex Industries Ltd.

27 Oct 2020

195.74

3.03%

Finolex Industries Ltd. - Q2FY21 Result Update

Buy: Finolex Industries Ltd.

Target

Edelweiss

Finolex Industries (FIL) reported a strong set of Q2FY21 earnings as the company reported growth of 1.6%/76.5%/21% in REVENUE/EBITDA/PAT on a y-o-y basis.

Finolex Industries Ltd. is trading above its 100 day SMA of 193.4

Finolex Industries Ltd.

27 Oct 2020

195.74

3.03%

Finolex Industries (ADD): Higher PVC resin prices aid profits; valuations fair cut to ADD

Buy: Finolex Industries Ltd.

Target

BOB Capital Markets Ltd.

Finolex Industries' (FNXP) Q2FY21 revenue grew 2% YoY, aided by a 15% rise in PVC resin volumes while pipes declined 9%.

Finolex Industries Ltd. has lost -23.45% in the last 6 Months

Finolex Industries Ltd.

11 Aug 2020

195.74

3.03%

Finolex Industries: Q1FY21 Result Review

Buy: Finolex Industries Ltd.

IDBI Capital

Finolex Industries Ltd.'s (FIL) Q1FY21 result was ahead of our estimates on all parameters. Despite business loss in April and early monsoon in June, the company's Q1FY21 performance, particularly on EBITDA margin front, is commendable. Net sales declined by 40.4% YoY to Rs5.6bn, while EBITDA came in at Rs882mn, down by 28.6% YoY. The company reported net profit of Rs567mn, declined by 23.8% YoY. FIL's focus on new products development, strong brand recall for its products, extensive distribution network and backward integrated operation of PVC resin bodes well for its future growth. We broadly maintain our net sales/PAT estimates for FY21E/FY22E. Maintain...

Finolex Industries L.. has an average target of 237.67 from 3 brokers.

Finolex Industries Ltd.

10 Aug 2020

195.74

3.03%

Finolex Industries (BUY): Tough quarter but outlook healthy; raise to BUY on low valuations

Buy: Finolex Industries Ltd.

Recommendation Target

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.'s price crossed above 100Day SMA today

Finolex Industries Ltd.

08 Jul 2020

195.74

3.03%

Finolex Industries (ADD): Demand traction for agri pipes improved in May-June

Accumulate: Finolex Industries Ltd.

Recommendation Target

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.

Finolex Industries Ltd.'s price crossed above 100Day SMA today

Finolex Industries Ltd.

25 Jun 2020

195.74

3.03%

Finolex Industries Ltd. | Q4FY20 Result Update

Buy: Finolex Industries Ltd.

Target

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 below its 150 day SMA of 222.5

Finolex Industries Ltd.

25 Jun 2020

195.74

3.03%

Finolex Industries: Q4FY20 Result Review

Buy: Finolex Industries Ltd.

Recommendation Target

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. is trading above its 100 day SMA of 193.4

Finolex Industries Ltd.

26 May 2020

195.74

3.03%

Finolex Industries Ltd.

Buy: Finolex Industries Ltd.

Target

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. has lost -23.45% in the last 6 Months

Finolex Industries Ltd.

17 Feb 2020

195.74

3.03%

Q3FY20 Result Review : Finolex Industries

Accumulate: Finolex Industries Ltd.

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. is trading at high day volume of 3.6M.

Is Finolex Industries Ltd. worth buying?

387 Votes:

Buy 79.59%

Sell 8.79%

Hold 11.63%

RESEARCH REPORTS

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