Finolex Industries Ltd. share price target

Finolex Industries, a Pune based, India's largest backward integrated pipe & fittings manufacturer player having 280,000 MT p.a production capacity. It is also one of the largest PVC resin manufacturer player with 272,000 MT p.a production capacity. FIL has two manufacturing plants viz Ratnagiri in Maharashtra and Masar, near Vadodara in Gujarat. FIL enjoys the leadership position and sells their product over a network of 16,000 direct & indirect retail outlet. Finolex PVC pipes and fittings are available in vast range for diverse applications in agriculture, housing as...

FIL clocked a turnover of Rs.7846mn during Q4FY15 registered a growth of 22% Q-o-Q basis but de-grew by 7% on Y-o-Y basis. EBITDA has turned positive from ngative on Q-o-Q basis and de-grew by 33% on Y-oY basis. On segmental basis, it has reported growth in every segment on Y-o-Y basis with 178% increase in power segment, but the inter-segment transfer up by 55% which brought down the total reported revenue.

Finolex industries is the largest manufacturer of rigid PVC Pipes and Fittings. It is also one the biggest manufacturer of PVC resins and has three manufacturing plants at Pune, Ratnagiri and Masar. The company's total production capacity of the PVC pipes & Fittings business stands at 2,30,000 MT and that of PVC Resin at 2,72,000 MT.

Finolex Industries Ltd (FIL) is the 2nd largest player in the PVC resin segment and the largest manufacturer of PVC pipes and fittings in India. It is the only PVC pipe manufacturer with its...