Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 883 | 1,020 | 1,235 | 1,140 | 828 | 1,001 | 1,172 | 1,043 | 859 | 898 | 1,314 | 884 |
| Expenses | 780 | 900 | 1,026 | 934 | 818 | 918 | 1,001 | 950 | 729 | 775 | 982 | 777 |
| Operating Profit | 103 | 120 | 209 | 207 | 11 | 83 | 171 | 94 | 130 | 123 | 332 | 107 |
| OPM % | 12% | 12% | 17% | 18% | 1.3% | 8% | 15% | 9% | 15% | 14% | 25% | 12% |
| Other Income | 70 | 47 | 54 | 472 | 85 | 66 | 85 | 69 | 68 | 63 | 53 | 76 |
| Interest | 12 | 8 | 7 | 7 | 7 | 10 | 6 | 6 | 4 | 3 | 8 | 7 |
| Depreciation | 27 | 28 | 27 | 26 | 26 | 27 | 27 | 27 | 27 | 26 | 26 | 27 |
| Profit before tax | 133 | 132 | 229 | 646 | 62 | 112 | 223 | 131 | 166 | 157 | 351 | 148 |
| Tax % | 27% | 27% | 28% | 23% | 34% | 16% | 26% | 25% | 26% | 26% | 26% | 23% |
| Net Profit | 98 | 95 | 165 | 501 | 41 | 94 | 165 | 98 | 124 | 116 | 261 | 115 |
| EPS in Rs | 1.58 | 1.54 | 2.66 | 8.07 | 0.66 | 1.52 | 2.65 | 1.58 | 1.99 | 1.87 | 4.21 | 1.85 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,482 | 2,602 | 2,738 | 3,091 | 2,985 | 3,462 | 4,647 | 4,397 | 4,317 | 4,142 | 4,113 | 3,954 |
| Expenses | 2,075 | 2,039 | 2,253 | 2,487 | 2,536 | 2,472 | 3,624 | 4,105 | 3,732 | 3,666 | 3,435 | 3,262 |
| Operating Profit | 407 | 563 | 484 | 604 | 448 | 990 | 1,023 | 293 | 585 | 476 | 679 | 692 |
| OPM % | 16% | 22% | 18% | 20% | 15% | 29% | 22% | 7% | 14% | 12% | 16% | 18% |
| Other Income | 71 | 32 | 40 | 26 | 55 | 87 | 457 | 145 | 218 | 703 | 254 | 260 |
| Interest | 45 | 15 | 10 | 12 | 11 | 7 | 14 | 27 | 36 | 30 | 21 | 22 |
| Depreciation | 51 | 55 | 61 | 70 | 74 | 78 | 83 | 89 | 116 | 107 | 107 | 108 |
| Profit before tax | 383 | 525 | 454 | 548 | 418 | 992 | 1,383 | 321 | 651 | 1,043 | 805 | 822 |
| Tax % | 33% | 32% | 33% | 33% | 20% | 26% | 24% | 22% | 27% | 23% | 26% | |
| Net Profit | 258 | 355 | 306 | 367 | 333 | 738 | 1,051 | 251 | 474 | 800 | 599 | 615 |
| EPS in Rs | 4.15 | 5.72 | 4.94 | 5.92 | 5.36 | 11.89 | 16.94 | 4.04 | 7.63 | 12.89 | 9.65 | 9.92 |
| Dividend Payout % | 48% | 40% | 41% | 34% | 37% | 34% | 24% | 37% | 33% | 28% | 28% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 5% | 4% | -2% | -2% | ||
| Compounded Profit Growth | 9% | -7% | 33% | 55% | ||
| Stock Price CAGR | 5% | -7% | -12% | -24% | ||
| Return on Equity | 11% | 8% | 7% | 9% |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 124 | 124 | 124 | 124 | 124 | 124 | 124 | 124 | 124 | 124 | 124 |
| Reserves | 1,466 | 2,191 | 2,671 | 2,452 | 1,862 | 3,015 | 3,804 | 4,779 | 5,511 | 5,973 | 6,091 |
| Borrowings | 212 | 94 | 101 | 90 | 283 | 204 | 278 | 541 | 394 | 237 | 446 |
| Other Liabilities | 583 | 588 | 610 | 666 | 623 | 951 | 1,140 | 841 | 1,030 | 1,048 | 935 |
| Total Liabilities | 2,385 | 2,997 | 3,506 | 3,332 | 2,891 | 4,294 | 5,345 | 6,285 | 7,058 | 7,382 | 7,596 |
| Fixed Assets | 850 | 855 | 884 | 951 | 1,017 | 1,002 | 993 | 1,055 | 1,055 | 1,008 | 1,017 |
| CWIP | 7 | 22 | 90 | 90 | 7 | 8 | 9 | 44 | 19 | 73 | 28 |
| Investments | 854 | 1,264 | 1,607 | 1,362 | 656 | 1,679 | 2,718 | 3,952 | 4,586 | 4,910 | 4,969 |
| Other Assets | 675 | 856 | 925 | 929 | 1,211 | 1,604 | 1,625 | 1,234 | 1,398 | 1,391 | 1,581 |
| Total Assets | 2,385 | 2,997 | 3,506 | 3,332 | 2,891 | 4,294 | 5,345 | 6,285 | 7,058 | 7,382 | 7,596 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 569 | 252 | 338 | 391 | 106 | 941 | 622 | 308 | 353 | 383 | 192 |
| Cash from Investing Activity | -77 | 35 | -162 | -228 | 49 | -877 | -440 | -294 | -83 | 8 | -156 |
| Cash from Financing Activity | -494 | -282 | -175 | -163 | -105 | -90 | -190 | -29 | -277 | -349 | -49 |
| Net Cash Flow | -2 | 4 | 1 | -0 | 51 | -26 | -8 | -15 | -6 | 42 | -13 |
| Free Cash Flow | 538 | 157 | 166 | 289 | 46 | 876 | 918 | 140 | 267 | 268 | 133 |
| CFO/OP | 156% | 76% | 95% | 94% | 49% | 116% | 94% | 128% | 85% | 122% | 53% |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 3 | 7 | 6 | 9 | 9 | 16 | 26 | 25 | 39 | 33 | 32 |
| Inventory Days | 100 | 128 | 128 | 120 | 164 | 176 | 132 | 81 | 99 | 108 | 159 |
| Days Payable | 55 | 52 | 52 | 55 | 44 | 84 | 60 | 35 | 39 | 61 | 57 |
| Cash Conversion Cycle | 48 | 83 | 81 | 74 | 129 | 108 | 98 | 71 | 98 | 80 | 134 |
| Working Capital Days | 0 | 28 | 32 | 33 | 39 | 22 | 17 | -6 | 13 | 20 | 32 |
| ROCE % | 25% | 17% | 21% | 17% | 36% | 27% | 7% | 11% | 9% | 12% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 52.47% | 52.47% | 52.47% | 52.47% | 52.47% | 52.47% | 52.47% | 52.47% | 52.47% | 52.47% | 52.47% | 52.47% |
| FIIs | 6.66% | 6.45% | 6.41% | 6.90% | 6.40% | 6.64% | 6.48% | 6.03% | 5.93% | 5.87% | 5.86% | 5.85% |
| DIIs | 12.14% | 11.95% | 10.95% | 11.95% | 12.07% | 12.05% | 11.70% | 11.36% | 12.11% | 12.19% | 12.78% | 11.35% |
| Government | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| Public | 28.37% | 28.76% | 29.82% | 28.32% | 28.69% | 28.47% | 28.99% | 29.78% | 29.13% | 29.11% | 28.53% | 29.97% |
| Others | 0.34% | 0.34% | 0.34% | 0.35% | 0.35% | 0.35% | 0.35% | 0.35% | 0.35% | 0.35% | 0.35% | 0.35% |
| No. of Shareholders | 2,18,094 | 2,26,844 | 2,13,679 | 2,11,507 | 2,26,758 | 2,38,785 | 2,51,087 | 2,50,051 | 2,45,505 | 2,46,153 | 2,37,719 | 2,45,937 |
Fundamentals
Market Cap₹ 9,379 Cr.
Current Price₹ 151
Stock P/E15.2
Book Value₹ 100
ROCE11.8 %
ROE8.57 %
Dividend Yield1.32 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)-2%
Compounded Profit Growth (TTM)55%
Consolidated figures.
Valuation
Market capRs 9,305 Cr
Enterprise valueRs 9,690 Cr
P/E (TTM)15.12x
Price to book1.50x
Price to sales2.35x
EV / EBITDA10.19x
EV / EBIT11.48x
EV / sales2.45x
Price to cash flow48.53x
Earnings yield6.61%
Dividend yield1.83%
P/E, 3-year average20.52x
P/B, 3-year average2.01x
P/E, 5-year average22.55x
P/B, 5-year average2.12x
Profitability
Operating margin (excl. other income)16.50%
Operating margin (incl. other income)22.67%
EBITDA margin24.06%
Pre-tax margin20.79%
Net profit margin15.56%
Net margin, latest quarter12.96%
ROE9.73%
ROCE12.71%
ROA8.00%
ROE, 3-year average10.79%
ROCE, 3-year average14.01%
ROA, 3-year average8.73%
ROE, 5-year average13.56%
ROCE, 5-year average17.26%
ROA, 5-year average10.46%
ROIC (approx.)9.51%
Tax rate25.59%
Other income / net worth4.08%
Growth
Sales growth (latest year)-0.69%
Profit growth (latest year)-25.12%
Sales CAGR, 3 years-2.20%
Sales CAGR, 5 years3.51%
Profit CAGR, 3 years33.69%
Profit CAGR, 5 years-4.08%
Sales growth QoQ-32.75%
Profit growth QoQ-56.16%
Sales growth YoY (latest quarter)-15.30%
Profit growth YoY (latest quarter)16.67%
Per share
EPS (TTM)Rs 9.95
EPS (latest year)Rs 9.69
EPS (latest quarter)Rs 1.85
EPS, 3-year averageRs 10.10
EPS, 5-year averageRs 10.26
Book value per shareRs 100.51
Sales per shareRs 63.95
Cash flow per shareRs 3.10
Free cash flow per shareRs 2.15
Dividend per share (latest year)Rs 2.75
Dividend per share, 3-year averageRs 2.95
Dividend per share, 5-year averageRs 2.87
Dividends
Dividend payout28.39%
Dividend payout, 3-year average29.62%
Dividend payout, 5-year average29.89%
Efficiency
Asset turnover0.54x
Fixed asset turnover4.04x
Inventory turnover2.92x
Inventory days125 days
Debtor days32 days
Debtors turnover11.35x
Creditor days57 days
Cash conversion cycle134 days
Working capital days32 days
Leverage
Total debtRs 446 Cr
Cash and bankRs 60 Cr
Net debtRs 385 Cr
Debt to equity0.07x
Net debt / EBITDA0.41x
Interest coverage38.46x
Current ratio (filing 2026-03-31)3.54x
Quick ratio (filing 2026-03-31)2.63x
Trade payables (filing 2026-03-31)Rs 366 Cr
Owners' fund to total sources81.82%
Debt to assets5.87%
Cash flow
Cash from Operating Activity (latest year)Rs 192 Cr
Cash from Investing Activity (latest year)Rs -156 Cr
Cash from Financing Activity (latest year)Rs -49 Cr
Net Cash Flow (latest year)Rs -13 Cr
Free cash flow (latest year)Rs 133 Cr
FCFE (approx.: FCF + change in debt)Rs 342 Cr
Cash from ops / profit, 5 years0.59x
Sales to cash flow21.45x
Statement figures
Net sales (TTM)Rs 3,954 Cr
Net sales (latest year)Rs 4,113 Cr
Sales (latest quarter)Rs 884 Cr
Operating profit excl. other income (latest year)Rs 679 Cr
Operating profit (latest quarter)Rs 107 Cr
Other income (TTM)Rs 260 Cr
EBITDA (TTM)Rs 951 Cr
PBDT (TTM)Rs 929 Cr
Profit before tax (TTM)Rs 822 Cr
Tax (latest year)Rs 206 Cr
Net profit (TTM)Rs 615 Cr
Net profit (latest year)Rs 599 Cr
Net profit (latest quarter)Rs 115 Cr
Depreciation (TTM)Rs 108 Cr
Depreciation (latest quarter)Rs 27 Cr
Interest (TTM)Rs 22 Cr
Cost of goods sold (latest year)Rs 2,994 Cr
Total expenditure (latest year)Rs 3,435 Cr
Total income (latest year)Rs 4,367 Cr
Share capitalRs 124 Cr
ReservesRs 6,091 Cr
Shareholders' fundsRs 6,215 Cr
Total assetsRs 7,596 Cr
Net blockRs 1,017 Cr
Capital work in progressRs 28 Cr
InvestmentsRs 4,969 Cr
ReceivablesRs 362 Cr
InventoryRs 1,026 Cr
Other liabilitiesRs 935 Cr
Shares outstanding (crore)61.83
Ownership
Promoter holding52.47% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 15.1 is at the 22th percentile of its own 9.4-year range
(median 20.1, low 7.8, high 76.8).
P/B 1.50 is the lowest in 9.4 years (median 2.71).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | FINPIPE | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -2.3% | -2.8% | +0.5 pts |
| 1 month | -3.1% | -6.8% | +3.7 pts |
| 3 months | -13.9% | -7.6% | -6.3 pts |
| 6 months | +0.4% | +0.4% | -0.0 pts |
| 1 year | -29.1% | -9.9% | -19.1 pts |
| 2 years | -49.2% | -13.6% | -35.6 pts |
| 3 years | -32.8% | +14.2% | -47.0 pts |
| 5 years | -30.3% | +27.9% | -58.2 pts |
24 mutual fund schemes hold about ₹1,174 Cr.
Over three months 5 bought more and 0 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| SBI Small Cap Fund | 1.28% | 546 | -1% |
| Franklin India Small Cap Fund | 1.10% | 163 | +2% |
| HSBC Small Cap Fund | 0.44% | 83 | -2% |
| ICICI Pru Small Cap Fund | 0.64% | 63 | +0% |
| ICICI Pru Small Cap Fund | 0.64% | 61 | +0% |
| Bandhan Value Fund | 0.58% | 58 | +5% |
| SBI Conservative Hybrid Fund(Q | 0.38% | 39 | +4% |
| HDFC Retirement Fund-Equity Plan | 0.41% | 28 | +2% |
| Bandhan Multi Cap Fund | 0.77% | 24 | +2% |
| Templeton India Value Fund | 1.07% | 21 | +12% |
| Aditya Birla SL Conglomerate Fund | 0.89% | 14 | +6% |
| ICICI Pru Children's Fund | 0.99% | 14 | +3% |
| Bandhan Multi Asset Allocation Fund | 0.37% | 14 | -2% |
| ICICI Pru Retirement Fund-Pure Equity Plan | 0.59% | 13 | +31% |
| Motilal Oswal Nifty Microcap 250 Index Fund | 0.46% | 12 | -2% |
| HDFC Equity Savings Fund | 0.16% | 9 | +2% |
| Bandhan Flexi Cap Fund | 0.08% | 6 | +100% |
| HDFC Retirement Fund-Hybrid-Equity Plan | 0.29% | 5 | +5% |
| Groww Nifty Total Market Index Fund | 0.02% | 0 | +2% |
| HDFC BSE 500 Index Fund | 0.02% | 0 | -2% |
| Angel One Nifty Total Market Index Fund | 0.02% | 0 | +2% |
| Mirae Asset Nifty Total Market Index Fund | 0.02% | 0 | +2% |
| Bandhan Nifty Total Market Index Fund | 0.02% | 0 | +2% |
| Motilal Oswal BSE 1000 Index Fund | 0.02% | 0 | +2% |
Red flags
F-score 4 of 8| explain | Weak cash conversion Cash from operations was 50% of net profit over the last 3 years |
| explain | Debt up, profit down Borrowings up 88% while net profit fell in 2026 |
| look | Inventory outrunning sales Inventory grew 31% vs sales -1% in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹884 Cr -15.2% vs Jun 2025.
Net profit ₹115 Cr +17.3%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Supreme Industries Ltd | 43,771 | 42.4 | 20.7 % |
| Astral Ltd | 36,939 | 62.4 | 19.2 % |
| Garware Hi Tech Films Ltd | 16,301 | 42.0 | 18.1 % |
| Time Technoplast Ltd | 9,079 | 18.5 | 16.5 % |
| Kingfa Science & Technology (India) Ltd | 8,842 | 39.2 | 23.2 % |
| Prince Pipes & Fittings Ltd | 2,830 | 27.2 | 6.03 % |
| Apollo Pipes Ltd | 2,258 | 1.23 % | |
| Jain Irrigation Systems Ltd | 2,065 | 5.30 % | |
| Jai Corp Ltd | 1,611 | 17.1 | 11.8 % |
| Premier Polyfilm Ltd | 1,007 | 28.8 | 28.9 % |
| R M Drip & Sprinklers Systems Ltd | 1,004 | 28.5 | 38.3 % |
| Prakash Pipes Ltd | 591 | 12.0 | 12.4 % |
| Shish Industries Ltd | 574 | 168 | 6.80 % |
| Dhabriya Polywood Ltd | 500 | 15.4 | 25.6 % |
| Manika Plastech Ltd | 490 | 21.7 | 19.2 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-09-11 | Dividend - Rs 2 Per Share & Special Dividend Re 0.75 Per Share | |
| 2025-09-04 | Dividend - Rs 2 Per Share & Special Dividend - Rs 1.60 Per Share | |
| 2024-09-11 | Annual General Meeting/Dividend - Rs 2.50 Per Share | |
| 2023-08-21 | Annual General Meeting/Dividend - Rs 1.50 Per Share | |
| 2022-08-22 | Annual General Meeting/Dividend - Rs 2 Per Share/Special Dividend - Rs 2 Per Share | |
| 2021-09-14 | Annual General Meeting/Dividend - Rs 2 Per Share/Special Dividend - Rs 2 Per Share | |
| 2021-04-15 | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share | 0.2000 |
| 2020-03-09 | Interim Dividend - Rs 10 Per Share | |
| 2019-09-12 | Annual General Meeting/Dividend - Rs 10 Per Share | |
| 2018-09-19 | Annual General Meeting/Dividend- Rs 10 Per Share (Purpose Revised) | |
| 2017-07-27 | Dividend - Rs 11.50 Per Share | |
| 2016-07-28 | Annual General Meeting/ Dividend -Rs 10/- Per Share | |
| 2015-08-20 | Annual General Meeting/Dividend - Rs 2/- Per Share | |
| 2014-09-08 | Annual General Meeting / Dividend - Rs 7/- Per Share | |
| 2013-08-29 | Annual General Meeting / Dividend - Rs 5.50/- Per Share | |
| 2012-07-12 | Annual General Meeting And Dividend - Rs.3/- Per Share | |
| 2011-06-29 | Dividend-Rs.3/- Per Share | |
| 2010-07-29 | Dividend-Rs.3/- Per Share | |
| 2009-08-13 | Dividend-Re.1/- Per Share | |
| 2008-08-06 | Agm/Dividend - 30% | |
| 2007-06-13 | Agm/Dividend-30% | |
| 2006-06-13 | Agm/Div Fin-15% + Spl-15% |
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Finolex Industries Ltd?
Finolex Industries Ltd (FINPIPE) has a market capitalisation of Rs 9,379 Cr. at the 2026-10-01 close.
What is the P/E ratio of Finolex Industries Ltd?
Finolex Industries Ltd trades at a P/E of 15.2 on trailing twelve-month profit, at the 2026-10-01 close.
What were Finolex Industries Ltd's latest quarterly results?
In the Jun 2026 quarter, Finolex Industries Ltd sales was Rs 884 Cr (-15.2% vs Jun 2025) and net profit was Rs 115 Cr.
What is the 52-week high and low of Finolex Industries Ltd?
The 52-week high is Rs 206.69 and the 52-week low is Rs 147.54.