Finolex Industries Ltd

NSE: FINPIPE · Plastic Products - Industrial · sector

₹141.91NSE close 2026-10-26

Key numbers

Market cap₹8,775 cr

Price₹141.91

52w high / low₹200 / ₹142

P/E14.2xSector median 15.7x

P/B1.4xSector median 1.6x

Book value₹100.5

Dividend yield2.53%Sector median 0.53%

ROE10.0%Sector median 9.1%

ROCE12.1%Sector median 11.5%

OPM17.5%Sector median 10.0%

Debt / equity0.07xSector median 0.16x

EV/EBITDA9.7xSector median 10.0x

Interest cover36.8x

Current ratio3.54x

Sales growth 3y-2.2%Sector median +6.0%

Profit growth 3y+33.7%Sector median +18.9%

PEG0.42x

Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 51 companies in Plastic Products - Industrial (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹2,493 cr vs borrowings ₹437 cr (FY26): cash is higher (net cash).
Operating profit covered interest 36.8x in the last 12 months.
No promoter shares are pledged.
Operating cash flow was below net profit in 4 of the last 5 years (FY26, FY25, FY24, FY22).
Revenue was higher than a year earlier in 2 of the last 4 quarters.
Other income was 36% of net profit in the last 12 months.
Dividend paid in 5 of the last 5 financial years.
Price ₹141.91 on 2026-10-26: -29.2% from the 52-week high, 0.0% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹315.20 · low ₹141.91

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	828	1,001	1,172	1,043	859	898	1,314	884
EBITDA	11	83	171	94	130	123	332	107
OPM %	1.3%	8.3%	14.6%	9.0%	15.2%	13.7%	25.3%	12.1%
Other income	83	48	65	65	58	52	36	75
Net profit	41	94	165	98	124	116	261	115
EPS (₹)	0.66	1.52	2.66	1.59	2.00	1.88	4.23	1.85
Revenue YoY					+3.7%	-10.3%	+12.1%	-15.3%
Profit YoY					+203.8%	+23.5%	+58.7%	+16.7%

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	4,647	4,397	4,317	4,142	4,113	3,954
EBITDA	1,400	293	585	893	679	692
Net profit	1,051	251	474	800	599	615
EPS (₹)	16.94	4.04	7.66	12.94	9.69	9.96
Revenue growth		-5.4%	-1.8%	-4.1%	-0.7%	-2.2%
Profit growth		-76.2%	+88.9%	+68.9%	-25.1%	+54.9%
Dividend / share (₹)	2.00	2.00	1.50	2.50	2.00

Compounded growth	3 years	5 years	Last 12 months
Sales	-2.2%	+3.5%	-2.2%
Net profit	+33.7%	-12.3%	+54.8%
EPS	+33.9%	-4.0%	–
Share price	–	-32.2% (2y)	-22.8%

Balance sheet

₹ cr	FY22	FY23	FY24	FY25	FY26
Shareholders' equity	–	4,903	5,634	6,097	6,215
Borrowings	–	526	382	221	437
Cash & equivalents	–	1,828	1,937	2,269	2,493
Total assets	–	6,285	7,058	7,382	7,596
Fixed assets	–	1,038	1,041	987	1,006
Capital work in progress	–	44	19	73	28
Investments	–	2,069	2,543	2,599	2,341
Receivables	–	298	458	379	362
Inventory	–	673	728	782	1,026
Payables	–	289	289	444	366

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	622	302	353	383	192
Cash from investing	-440	-288	-83	8	-156
Cash from financing	-190	-29	-277	-349	-49
Capex	84	169	86	116	65
Free cash flow	538	133	267	267	127

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY24	FY25	FY26
ROE %	–	5.1%	8.4%	13.1%	9.6%
ROCE %	–	6.0%	10.8%	16.3%	11.8%
Debtor days	–	25	39	33	32
Inventory days	–	80	97	107	156
Payable days	–	34	38	61	56
Cash conversion cycle (days)	–	71	98	79	132
Working capital days	–	146	177	220	253

Shareholding

Holder	% (2026-09-30)
Promoters	52.47%
FIIs	5.77%
DIIs	11.36%
of which Mutual funds	11.36%
of which Insurance	0.00%
Government	0.01%
Public (non-institutions)	30.04%

Quarter	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters %	52.47%	52.47%	52.47%	52.47%	52.47%	52.47%	52.47%	52.47%

Promoter group	%
Finolex Cables Ltd.	32.39%
Orbit Electricals Private Limited	18.80%
Vijay Kishandas Chhabria	0.35%
Aruna Katara	0.21%
Katara Dental PVT.LTD.	0.17%
Prakash Pralhad Chhabria	0.14%
Deepak Kishan Chhabria	0.07%
Kavita Sanjay Raheja	0.07%
Gayatri Prakash Chhabria	0.06%
Priya Vijay Chhabria	0.05%
Hansika Hiya Prakash Chhabria	0.05%
Amrita Katara	0.03%
Amit Katara	0.03%
Katara Mukesh Dolumal	0.02%
Vini Deepak Chhabria	0.02%

Public holders above 1%	%
SBI Conservative Hybrid Fund	5.97%
Anuj A Sheth	3.35%
Investor Education and Protection Fund Authority M	2.09%
Templeton India Value Fund	1.87%
Hiten Anantrai Sheth	1.21%
Bandhan Flexi CAP Fund	1.09%

2,43,708 shareholders. Pledged: 0.00% of promoter shares.

Peers in Plastic Products - Industrial

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
SUPREMEIND	₹41,291 cr	40.0x	6.7x	17.4%	19.6%	14.4%	+6.8%	1.07%
ASTRAL	₹36,288 cr	63.0x	8.9x	15.0%	20.0%	16.0%	+8.4%	0.28%
GRWRHITECH	₹16,208 cr	38.0x	5.6x	15.7%	19.8%	22.9%	+13.8%	0.17%
KINGFA	₹8,901 cr	39.4x	6.4x	21.2%	21.9%	14.2%	+12.4%	0.00%
FINPIPE	₹8,775 cr	14.2x	1.4x	10.0%	12.1%	17.5%	-2.2%	2.53%
TIMETECHNO	₹7,839 cr	15.4x	1.9x	14.0%	15.7%	14.3%	+12.5%	0.75%
PRINCEPIPE	₹2,805 cr	27.5x	1.7x	6.3%	8.1%	10.2%	-1.4%	0.20%
JISLJALEQS	₹1,701 cr	56.5x	0.3x	-0.9%	4.5%	11.2%	+3.6%	–
JAICORPLTD	₹1,545 cr	16.5x	1.0x	6.4%	8.2%	12.7%	-4.7%	6.25%
APOLLOPIPE	₹1,520 cr	–	1.9x	-1.5%	-0.1%	4.3%	+6.5%	0.21%

All 51 companies in Plastic Products - Industrial →

Dividends & corporate actions

Ex-date	Action	Detail
2026-09-11	Dividend	Dividend - Rs 2 Per Share & Special Dividend Re 0.75 Per Share
2025-09-04	Dividend	Dividend - Rs 2 Per Share & Special Dividend - Rs 1.60 Per Share
2024-09-11	Dividend	Annual General Meeting/Dividend - Rs 2.50 Per Share
2023-08-21	Dividend	Annual General Meeting/Dividend - Rs 1.50 Per Share
2022-08-22	Dividend	Annual General Meeting/Dividend - Rs 2 Per Share/Special Dividend - Rs 2 Per Share
2021-09-14	Dividend	Annual General Meeting/Dividend - Rs 2 Per Share/Special Dividend - Rs 2 Per Share
2021-04-15	Split	Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share
2020-03-09	Dividend	Interim Dividend - Rs 10 Per Share
2019-09-12	Dividend	Annual General Meeting/Dividend - Rs 10 Per Share
2018-09-19	Dividend	Annual General Meeting/Dividend- Rs 10 Per Share (Purpose Revised)
2017-07-27	Dividend	Dividend - Rs 11.50 Per Share
2016-07-28	Dividend	Annual General Meeting/ Dividend -Rs 10/- Per Share
2015-08-20	Dividend	Annual General Meeting/Dividend - Rs 2/- Per Share
2014-09-08	Dividend	Annual General Meeting / Dividend - Rs 7/- Per Share
2013-08-29	Dividend	Annual General Meeting / Dividend - Rs 5.50/- Per Share
2012-07-12	Dividend	Annual General Meeting And Dividend - Rs.3/- Per Share
2011-06-29	Dividend	Dividend-Rs.3/- Per Share
2010-07-29	Dividend	Dividend-Rs.3/- Per Share
2009-08-13	Dividend	Dividend-Re.1/- Per Share
2008-08-06	Dividend	Agm/Dividend - 30%

Documents

Links go to the original files on the exchange website.

About the company

Manufacturing: PVC Pipes & Fittings


Sector	Industrials
Industry	Plastic Products - Industrial
Sub-industry	Plastic Products - Industrial
Symbol	FINPIPE
BSE code	500940
ISIN	INE183A01024
Face value	₹2.0
Incorporated	1981-03-28
Website	www.finolexpipes.com
Plants (India / abroad)	0 / 0

From the company's filings (BRSR FY26).

Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.