NSE: FINPIPE | BSE: 500940

Mid-range Performer

Download real time

211.72 3.62 (1.74%)

High volume today

NSE 22 Aug, 2025 3:31 PM (IST)

13,136.7

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.

03 Feb 2021

211.72

1.74%

Finolex Industries: Q3FY21 Result Review

Buy: Finolex Industries Ltd.

IDBI Capital

Finolex Industries Ltd. (FIL) reported an all-round quarterly performance led by higher sales volume, improved realisation and sharp inventory gain. Net sales increased by 52.5% YoY to Rs10.6bn, while EBITDA came in at Rs3.4bn, a robust growth of 150.5% over Q3FY20. The company reported net profit of Rs2.5bn, up by 163.4% YoY. The management attributed a stellar quarterly performance to healthy demand and higher than anticipated improvement in net sales realisation (NSR). Also, sharp increase in PVC prices led to inventory gain in Q3FY21. The company remained confident to keep the growth momentum by increasing capacity in pipes and strengthening distribution...

Finolex Industries Ltd. is trading above its 150 day SMA of 196.3

Finolex Industries Ltd.

02 Feb 2021

211.72

1.74%

Finolex Industries (ADD): Higher PVC prices aid profitability

Accumulate: Finolex Industries Ltd.

Recommendation Target

BOB Capital Markets Ltd.

Finolex Industries' (FNXP) Q3FY21 revenue grew 53% YoY, aided by a 15% rise in PVC resin volumes while pipe volumes increased 5%.

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

Finolex Industries Ltd.

29 Jan 2021

211.72

1.74%

Finolex Industries Ltd

Sell: Finolex Industries Ltd.

Recommendation Target

CD Equisearch

V-shaped recovery in global PVC resin prices since May with corresponding surge in PVC/EDC delta (above long term average of $550600/mt) explains much of the rise in Finolex's PVC resin EBIT in Q2 - Rs 99.10 crs Vs Rs 45.13 crs in the same quarter a year ago.; though external sales (volumes) fo PVC resins rose by just 38.1% to 9665 tons. As indication of its barely subdued impact, Finolex's PVC resin realizations were at $920 / mt compared to $740/ton in Q1 while PVC/EDC delta stood at $653/mt compared to $547/mt in Q1. Supply constraints of PVC resins have...

IDBI Capital downgraded Finolex Industries Ltd. to Hold with a price target of 207.0 on 06 Aug, 2025.

Finolex Industries Ltd.

28 Oct 2020

211.72

1.74%

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...

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

Finolex Industries Ltd.

27 Oct 2020

211.72

1.74%

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. has lost -26.46% in the last 1 Year

Finolex Industries Ltd.

27 Oct 2020

211.72

1.74%

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%.

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

Finolex Industries Ltd.

11 Aug 2020

211.72

1.74%

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...

IDBI Capital downgraded Finolex Industries Ltd. to Hold with a price target of 207.0 on 06 Aug, 2025.

Finolex Industries Ltd.

10 Aug 2020

211.72

1.74%

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.

IDBI Capital downgraded Finolex Industries Ltd. to Hold with a price target of 207.0 on 06 Aug, 2025.

Finolex Industries Ltd.

08 Jul 2020

211.72

1.74%

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.