NSE: FINPIPE | BSE: 500940

Mid-range Performer

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208.23 -3.90 (-1.84%)

37.71% Fall from 52W High

889.3K NSE+BSE Volume

NSE 26 Sep, 2025 3:55 PM (IST)

12,920.2

Market Cap

High in industry

1.2

Beta 1Year

Very 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.

14 Aug 2019

208.23

-1.84%

Finolex Industries : Q1FY20 Result Review

Accumulate: Finolex Industries Ltd.

Recommendation Target

IDBI Capital

Finolex Industries (FIL) Q1FY20 revenue was a beat, whereas EBITDA and PAT were below our estimates owing to lower PVC-EDC spread and inventory loss due to decline in PVC prices. Revenue was up 14% YoY to Rs9.4bn, whereas EBITDA/PAT declined 36.3%/29.8% YoY to Rs1.2bn/Rs725mn. PVC resin volume and PVC pipes and fittings volume witnessed growth of 14.7%/18.1% YoY to 78,512MT/91,655MT respectively. The company has maintained its volume growth guidance of 12%-15% in pipes and fittings segment for FY20E. FIL's backward integrated operations for resin manufacturing, healthy revenue mix of agri/non-agri pipe segment (70%/30%) and well...

Finolex Industries Ltd. is trading below its 30 day SMA of 210.8

Finolex Industries Ltd.

13 Aug 2019

208.23

-1.84%

Finolex Industries (ADD): Profitability drained by lower PVC-EDC delta

Finolex Industries Ltd.

BOB Capital Markets Ltd.

Finolex Industries (FNXP) reported above-expected Q1FY20 revenue growth of 14% YoY, aided by 15%/18% higher volumes in PVC resin/PVC pipes.

Finolex Industries Ltd.'s price crossed below 30Day SMA today

Finolex Industries Ltd.

13 Aug 2019

208.23

-1.84%

Finolex Industries Ltd - Result Update Q1FY20

Buy: Finolex Industries Ltd.

Edelweiss

Finolex Industries Ltd. (FIL) reported healthy revenue growth in Q1FY20, however, margins contraction leads to lower profitability than our expectation.

Finolex Industries Ltd. is trading above its 200 day SMA of 204.9

Finolex Industries Ltd.

28 May 2019

208.23

-1.84%

Finolex Industries Ltd - Result Update Q4FY19

Buy: Finolex Industries Ltd.

Target

Edelweiss

Finolex Industries Ltd. (FIL) reported strong results, above our expectation. The sales growth surprised us with 19% growth and a 15% margin above our estimates.

Finolex Industries Ltd.'s price crossed below 50Day SMA today

Finolex Industries Ltd.

25 Apr 2019, 12:00AM

208.23

-1.84%

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 233.33 from 3 brokers.

Finolex Industries Ltd.

26 Nov 2018, 12:00AM

208.23

-1.84%

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.'s price crossed below 30Day SMA today

Finolex Industries Ltd.

31 Oct 2018

208.23

-1.84%

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.'s price crossed below 100Day SMA today

Finolex Industries Ltd.

16 Aug 2018

208.23

-1.84%

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 200 day SMA of 204.9

Finolex Industries Ltd.

16 Aug 2018

208.23

-1.84%

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

Finolex Industries Ltd.

27 Jul 2018

208.23

-1.84%

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 below its 30 day SMA of 210.8

Is Finolex Industries Ltd. worth buying?

404 Votes:

Buy 79.7%

Sell 8.66%

Hold 11.63%

RESEARCH REPORTS

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