NSE: FINPIPE | BSE: 500940

Strong Performer, Under Radar

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208.96 13.22 (6.75%)

High volume+gain today

NSE 23 May, 2025 3:31 PM (IST)

12,965.5

Market Cap

High in industry

1.2

Beta 1Year

Very High Volatility

Board Meeting

The board meeting for Finolex Industries Ltd. is scheduled for today, 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.

25 Apr 2019

208.96

6.75%

Finolex Industries Ltd

Buy: Finolex Industries Ltd.

Target

CD Equisearch

Battered by rising EDC prices (with adverse effect on PVC/EDC delta) , margins on its flagship PVC resin business nosedived to 16.2% fin Q3 from 18.5% In the same period a year ago - 29.5% in Q2 - resulting in just 11.3% growth in PBT . Yet not imperceptible rise in margins in PVC pipes & fittings segment saved blushes for the overall OPMs expanded by some 80 bps. Restoration of price cuts undertaken in PVC pipes business...

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

Finolex Industries Ltd.

26 Nov 2018

208.96

6.75%

Finolex Ind

Buy: Finolex Industries Ltd.

Kotak Securities

Finolex Industries Ltd (FIL) is positive on PVC pipes demand in the longer run and believes that GST would be positive for the organized players. The company is expanding its capacity every year in order to achieve double...

Finolex Industries Ltd. is trading below its 150 day SMA of 221.1

Finolex Industries Ltd.

31 Oct 2018

208.96

6.75%

Result Review of Finolex Industries

Buy: Finolex Industries Ltd.

Target

IDBI Capital

Finolex Industries (FIL) Q2FY19 results were a strong beat to our estimates mainly led by robust PVC-EDC spread and strong volume growth from PVC Resin segment. Revenue increased 14.2% YoY to Rs5,426mn driven by change in product mix which led to higher realizations, EBITDA was up by 152% YoY to Rs1,249mn and PAT was up 170% YoY to Rs764mn. PVC resin volume grew 7.2% YoY to 43,461MT whereas PVC pipes and fittings volume declined 4.2% YoY to 45,272MT mainly due to weaker agri-sales. We expect PVC-EDC delta to come off from average of US$641/MT in Q2FY19 which may have a negative impact on margins. We expect its revenue/EPS to grow at a CAGR of...

Finolex Industries Ltd. has gained 17.76% in the last 1 Month

Finolex Industries Ltd.

16 Aug 2018

208.96

6.75%

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 at high volume of 9.0M with price gain of 6.75.

Finolex Industries Ltd.

16 Aug 2018

208.96

6.75%

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 100 day SMA of 192.6

Finolex Industries Ltd.

27 Jul 2018

208.96

6.75%

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

Finolex Industries Ltd.

28 May 2018

208.96

6.75%

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 Ltd. has lost -33.39% in the last 1 Year

Finolex Industries Ltd.

28 May 2018

208.96

6.75%

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. has lost -33.39% in the last 1 Year

Finolex Industries Ltd.

25 May 2018

208.96

6.75%

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. has lost -33.39% in the last 1 Year

Finolex Industries Ltd.

09 May 2018

208.96

6.75%

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 gained 17.76% in the last 1 Month

Is Finolex Industries Ltd. worth buying?

390 Votes:

Buy 79.74%

Sell 8.72%

Hold 11.54%

RESEARCH REPORTS

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