Name: Latest research reports of Finolex Industries Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Finolex Industries Ltd.
Rating: 5
Author: ICICI Securities Limited

Summary	Date	Stock	Author	LTP	Target	Price at reco (Change since reco%)	Upside(%)	Type	Report	Discuss
	07 Sep 2025	Finolex Industries	Consensus Share Price Target	213.73	230.73	-	7.95	buy	pdf Detailed Estimates
	27 Oct 2022	Finolex Industries	ICICI Securities Limited	213.73	181.00	134.00 (59.50%)	Target met	Buy	pdf post cache	Broker Report Tepid quarter on inventory losses; H2 profitability to be better ICICI Securities Limited Finolex Industries (Finolex) has reported EBIDTA loss of ~Rs1.43bn due to steep fall in PVC prices (~23% decline QoQ) in Q2FY23. pdf Copy Link Share on Share on Share on Share on Alert
	27 Oct 2022	Finolex Industries	Edelweiss Target	213.73	190.00	132.95 (60.76%)	Target met	Buy	pdf post cache	Broker Report Finolex Industries Ltd. \| Q2FY23 Result Update Edelweiss Poor performance on significant inventory loss pdf Copy Link Share on Share on Share on Share on Alert
	25 Oct 2022	Finolex Industries	BOB Capital Markets Ltd. Target	213.73	130.00	134.00 (59.50%)		Hold	pdf post cache	Broker Report Finolex Industries (HOLD): Revival slipped to Q4 BOB Capital Markets Ltd. Q2 revenue decreased 13% YoY as realisations in PVC resin/PVC pipes & fittings dropped 29%/17% pdf Copy Link Share on Share on Share on Share on Alert
	26 Jul 2022	Finolex Industries	Edelweiss Target	213.73	211.00	131.35 (62.72%)		Buy	pdf post cache	Broker Report Finolex Industries Ltd. \| Q1FY23 Result Update Edelweiss Inventory losses impacted a seasonally strong quarter pdf Copy Link Share on Share on Share on Share on Alert
	26 Jul 2022	Finolex Industries	BOB Capital Markets Ltd. Reco Target	213.73	140.00	132.15 (61.73%)	Target met	Hold	pdf post cache	Broker Report Finolex Industries (HOLD): Near-term pain ahead; downgrade to HOLD BOB Capital Markets Ltd. Q1 revenue increased 23% YoY as volumes/realisations rose 29%/4% in PVC pipes & fittings and 25%/0.2% in PVC resin pdf Copy Link Share on Share on Share on Share on Alert
	25 Jul 2022	Finolex Industries	IDBI Capital Reco Target	213.73	195.00	131.90 (62.04%)	Target met	Buy	pdf post cache	Broker Report Finolex Industries: Q1FY23 Result Review IDBI Capital pdf Copy Link Share on Share on Share on Share on Alert
	20 May 2022	Finolex Industries	Edelweiss Target	213.73	225.00	150.70 (41.82%)		Buy	pdf post cache	Broker Report Finolex Industries Ltd. \| Q4FY22 Result Update Edelweiss Record revenue while miss on profitability front pdf Copy Link Share on Share on Share on Share on Alert
	19 May 2022	Finolex Industries	BOB Capital Markets Ltd. Reco Target	213.73	180.00	150.70 (41.82%)	Target met	Buy	pdf post cache	Broker Report Finolex Industries (BUY): Higher volumes drive topline but PVC price volatility persists BOB Capital Markets Ltd. Q4 revenue increased 28% YoY as volumes/realisations rose 4%/9% in PVC pipes & fittings and 32%/8% in PVC resin pdf Copy Link Share on Share on Share on Share on Alert
	27 Jan 2022	Finolex Industries	BOB Capital Markets Ltd. Target	213.73	200.00	170.05 (25.69%)		Hold	pdf post cache	Broker Report Finolex Industries (HOLD): Tepid earnings outlook; PVC prices volatile BOB Capital Markets Ltd. Q3 revenue declined 6% YoY as volumes fell 15% in PVC pipes & fittings and 36% in PVC resin pdf Copy Link Share on Share on Share on Share on Alert
	27 Jan 2022	Finolex Industries	Edelweiss	213.73	258.00	179.80 (18.87%)		Buy	pdf post cache	Broker Report Finolex Industries Ltd. \| Q3FY22 Result Update Edelweiss Weak results on volatile PVC prices pdf Copy Link Share on Share on Share on Share on Alert
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36.07% Fall from 52W High

Finolex Industries Ltd. share price target

Finolex Industries Ltd. has an average share price target of 233.33. The consensus estimate represents an upside of 9.17% from the last price of 213.73. View 9 reports from 3 analysts offering long-term price targets for Finolex Industries Ltd..

Tepid quarter on inventory losses; H2 profitability to be better

Finolex Industries Ltd. | Q2FY23 Result Update

Finolex Industries (HOLD): Revival slipped to Q4

Finolex Industries Ltd. | Q1FY23 Result Update

Finolex Industries (HOLD): Near-term pain ahead; downgrade to HOLD

Finolex Industries: Q1FY23 Result Review

Finolex Industries Ltd. | Q4FY22 Result Update

Finolex Industries (BUY): Higher volumes drive topline but PVC price volatility persists

Finolex Industries (HOLD): Tepid earnings outlook; PVC prices volatile

Finolex Industries Ltd. | Q3FY22 Result Update

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