NSE: FINPIPE | BSE: 500940

Strong Performer, Under Radar

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213.21 4.89 (2.35%)

36.23% Fall from 52W High

1.0M NSE+BSE Volume

NSE 16 Jul, 2025 12:14 PM (IST)

13,229.2

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.

16 Aug 2018, 12:00AM

213.21

2.35%

Result Review of Finolex Industries

Buy: Finolex Industries Ltd.

Recommendation

IDBI Capital

Finolex Industries (FIL) came out with strong operating performance in Q1FY19 led by PVC-EDC spread and strong performance from PVC Pipes & Fittings segment. Revenue increased 13% YoY to Rs8,278mn, EBITDA was up by 48% YoY to Rs1,939mn and adjusted PAT was up 64% YoY to Rs1,312mn owing to higher other income which was up by 255% YoY to Rs137mn. PVC resin volume declined 9% YoY to 68,454MT while PVC pipes & fittings volume rose 8.6% YoY to 77,636MT. We expect its revenue/EPS to grow...

Finolex Industries Ltd. is trading above its 150 day SMA of 204.0

Finolex Industries Ltd.

16 Aug 2018, 12:00AM

213.21

2.35%

Finolex Industries Ltd. - Initiating Coverage - 16 August 2018

Accumulate: Finolex Industries Ltd.

Way2Wealth

Way2Wealth Brokers Pvt. Ltd. (CIN U67120KA2000PTC027628) SEBI Rgn. No. : INH200002739 No. 14, Frontline Granduer, Walton Road, Bangalore-560001; Website: www.way2wealth.com Email: research@way2wealth.com...

Finolex Industries Ltd. is trading above its 150 day SMA of 204.0

Finolex Industries Ltd.

27 Jul 2018

213.21

2.35%

Light House - A Quick Perspective -Finolex Industries Ltd. - 27 July 2018

Sector Update: Finolex Industries Ltd.

Way2Wealth

Finolex Industries Ltd. (FIL) is India's leading manufacturer of PVC Pipes & Fittings and the third largest PVC Resin manufacturer. Headquartered in Pune, FIL operates through its state of the art manufacturing plants located in Pune, Ratnagiri in Maharashtra and Masar in Gujarat.FIL operates in 2 key business segments- a) PVC pipes and fittings wherein it offers manufactures a wide range of products catering to the agriculture and non-agriculture sectors. & b) PVC resin the company manufactures PVC resin providing consistent raw...

Finolex Industries Ltd. is trading above its 150 day SMA of 204.0

Finolex Industries Ltd.

28 May 2018

213.21

2.35%

Finolex Industries (4QFY18): Pipe business struggles. Maintain BUY

Buy: Finolex Industries Ltd.

Target

HDFC Securities

We have reduced SOTP TP to Rs 801 (vs. Rs 912) including value for investment in Finolex Cables 4QFY18 was again a muted quarter for Finolex Industries (Finolex); net revenues stood at Rs 8.09bn (-8.8% YoY). Gross margins improved by 777bps YoY to 41.0% due to better PVC-EDC spreads and inventory gains in line with rising crude prices. This drove up EBITDA margins by 311bps YoY to 23.2%.

Finolex Industries L.. has an average target of 237.33 from 3 brokers.

Finolex Industries Ltd.

28 May 2018

213.21

2.35%

Finolex Industries Ltd.| Q4FY18 Result Update

Buy: Finolex Industries Ltd.

Target

Edelweiss

Finolex Industries Ltd. (FIL) has reported Q4FY18 revenues at INR 709cr de-grew ~9% y-o-y (adjusting for excise taxes), below our estimates, due to de-growth in Pipe & fittings sales by (2.2)% y-o-y.

Finolex Industries Ltd. is trading below its 30 day SMA of 215.6

Finolex Industries Ltd.

25 May 2018

213.21

2.35%

Result Review of Finolex Industries

Accumulate: Finolex Industries Ltd.

Target

IDBI Capital

Strong pipes & fitting business volume growth; Positive delta lifts profits PVC pipes & fittings volume rose 12% YoY to 71,759MT while resin volume declined 6% to 72,123MT. Further, PVC resins margin expanded 388bps YoY to 24.5% due to positive PVC-EDC spread. Consequently, EBITDA margin improved 312bps YoY to...

Finolex Industries Ltd. is trading above its 150 day SMA of 204.0

Finolex Industries Ltd.

09 May 2018

213.21

2.35%

Finolex Industries Ltd.

Buy: Finolex Industries Ltd.

CD Equisearch

Various Government of India sponsored schemes of a motley of outlay and focus - from PMAY which centers on both subsidized rural and urban housing to AMRUT that focuses on strengthening urban infrastructure including water supplies to PMKSY that lays impetus on irrigation sector to Swachh Bharat Mission that mainly emphasizes on building toilets in rural and urban areas. All these schemes not only patently boost demand for both agri and non-agri pipes but also help migration of value added products cpvc products case in point. Unbridled demand for pvc resin in India largely emanating from irrigation...

Finolex Industries Ltd. has lost -33.86% in the last 1 Year

Finolex Industries Ltd.

17 Apr 2018

213.21

2.35%

Finolex Industries - Piping growth, ripe for re-rating

Buy: Finolex Industries Ltd.

Edelweiss

Finolex Industries Ltd. (FININD) is India's largest PVC pipes manufacturer (28% organized market share) and the second largest PVC resin manufacturer.

Finolex Industries Ltd. is trading below its 30 day SMA of 215.6

Finolex Industries Ltd.

22 Feb 2018

213.21

2.35%

Result Update:Finolex Inds.

Buy: Finolex Industries Ltd.

Recommendation Target

Axis Direct

Q3 revenue increased 9% YoY on 50% YoY volume growth in pipes and fittings. However, EBITDA declined 13% YoY to Rs 1.1 bn due to discounts in pipes division to counter impact of GST.

Finolex Industries L.. has an average target of 237.33 from 3 brokers.

Finolex Industries Ltd.

15 Feb 2018, 09:44AM

213.21

2.35%

Finolex Industries (3QFY18): Beat on volumes; but realisation dips. Maintain BUY

Buy: Finolex Industries Ltd.

HDFC Securities

Maintain BUY. Our SOTP TP including value for holding in Finolex Cables stands at Rs 861. 3QFY18 was again a muted quarter for Finolex Industries (Finolex), as (1) Despite volume growth (50% YoY in Pipes & Fittings and 101% YoY in PVC resin), overall revenues grew by 25.4% YoY to Rs 7.22bn, and (2) But, the realisation per tonne declined in both segments (-48% YoY in PVC resin to Rs 40/kg and -20% YoY in Pipes & Fittings to Rs 86/kg), which weighed on the companys overall performance.

Finolex Industries Ltd. is trading below its 30 day SMA of 215.6

Is Finolex Industries Ltd. worth buying?

401 Votes:

Buy 80.05%

Sell 8.73%

Hold 11.22%

RESEARCH REPORTS

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