Finolex Industries Limited
Finolex Industries Limited operates in Plastic Products - Industrial, part of the Capital Goods sector. It booked ₹1,094 cr of revenue in its latest quarter (Q2 FY27) and kept 10.5% of sales as profit. It is the 5th largest of 9 Plastic Products - Industrial companies we track, by market value.
| Segment | FY24 | FY25 | Share |
|---|---|---|---|
| PVC pipes and fittings | 4,185 | 4,104 | 74% → 71% |
| PVC resin | 1,486 | 1,660 | 26% → 29% |
| Total | 5,671 | 5,764 |
From the company's consolidated segment filings (Ind AS 108). Margin is segment operating profit (before interest & tax) over segment revenue; reconciliation rows like inter-segment eliminations are excluded from the mix.
“Finolex Industries Limited, a leading player in India’s PVC pipes and fittings market, has made significant strides in its production capacity and product portfolio. With an annual production capacity for pipes and fittings now at 4,95,000 metric tons in FY25, up from 4,70,000 metric tons in FY24, we have solidified our position in the industry.”
Healthier than 60% of companies in Capital Goods, on all six measures of filed financials. Each measure is ranked against the 19–127 companies that reported it.
Measures financial condition, not whether to buy. Learn what this score means · How this is calculated
- RSI (14)
- 32
At close. Not part of the score.
How much profit it earns on the money it employs
How much it owes, and whether earnings cover the interest
Whether reported profit actually arrives as cash
Whether sales and profit have grown, and how steadily
What today's price implies, against our models or its peers
How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure
What if I invest in FINPIPE?
Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.
The slider starts at 0%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.
P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.
An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.
| Revenue from Operations | ₹1,094 cr |
| Other Income | ₹55 cr |
| Total Income | ₹1,149 cr |
| Cost of Materials | ₹689 cr |
| Purchases of Stock-in-Trade | ₹18 cr |
| Inventory Change (±) | ₹30 cr |
| Employee Benefit Expense | ₹47 cr |
| Finance Costs | ₹3 cr |
| Depreciation & Amortisation | ₹28 cr |
| Other Expenses | ₹185 cr |
| Total Expenses | ₹1,001 cr |
| Profit before Tax | ₹148 cr |
| Tax Expense | ₹35 cr |
| Share of JV / Associates | ₹2 cr |
| Net Profit | ₹115 cr |
| Net margin on total income | 10.0% |
| Metric | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|
| Revenue | 1,314 cr | 884 cr | 1,094 cr |
| Total income | 1,350 cr | 959 cr | 1,149 cr |
| Expenses | 1,016 cr | 811 cr | 1,001 cr |
| Profit before tax | 335 cr | 148 cr | 148 cr |
| Tax | 90 cr | 33 cr | 35 cr |
| Net profit (owners' share) | 261 cr | 115 cr | 115 cr |
| Net margin (owners' share, on revenue) | 19.9% | 13.0% | 10.5% |
| EPS (₹) | 0.00 | 1.85 | 1.86 |
| Company | Price | Market cap | P/E | ROE | Net margin | 1-yr return |
|---|---|---|---|---|---|---|
| Supreme Industries Limited | ₹3,300 | ₹41,927 cr | 39.9 | 16.4% | 7.8% | — |
| Astral Limited | ₹1,388 | ₹37,343 cr | 77.6 | 11.8% | 7.6% | — |
| Garware Hi-Tech Films Limited | ₹7,396 | ₹17,180 cr | 33.2 | 17.8% | 18.6% | — |
| Kingfa Science & Technology (India) Limited | ₹6,737 | ₹9,130 cr | 28.5 | 22.9% | 11.6% | — |
| Finolex Industries Limitedthis company | ₹138 | ₹8,534 cr | 18.6 | 6.1% | 10.5% | — |
| Time Technoplast Limited | ₹167 | ₹8,218 cr | 17.7 | 11.4% | 6.9% | — |
| Prince Pipes And Fittings Limited | ₹276 | ₹3,050 cr | 16.0 | 11.1% | 5.8% | — |
| Apollo Pipes Limited | ₹513 | ₹2,261 cr | — | -4.2% | -2.9% | — |
| Jain Irrigation Systems Limited | ₹28 | ₹2,087 cr | — | -1.0% | -1.0% | — |
| Action | Detail | Ex-date |
|---|---|---|
| Dividend | ₹0.75 / share | 11 Sep 2026 |
| Dividend | ₹2 / share | 11 Sep 2026 |
| Dividend | ₹2 / share | 4 Sep 2025 |
| Dividend | ₹1.6 / share | 4 Sep 2025 |
| Dividend | ₹2.5 / share | 11 Sep 2024 |
| Dividend | ₹1.5 / share | 21 Aug 2023 |
A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.
Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.
Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.
The company also transacted with 20 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.
Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.