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FINPIPE · Finolex Industries Ltd · Fabricated Plastic & Rubber

FINPIPE · Finolex Industries Ltd · Fabricated Plastic & Rubber

₹144.78+0.6%

As of 05 Nov close

52-week range

52wk low ₹13752wk high ₹200.4

27.8% below 52-week high

52-week range: as of 05 Nov 2026 close.

Price chartDaily closes on the stock page.

Stock Condition:Pro

Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.

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Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old

Revenue (latest Q)

₹884 Cr

Revenue YoY

PAT YoY

+16.7%

Operating margin

Revenue, last 8 quarters

P/E (TTM)

P/B

1.5

P/S (TTM)

2.4

Sector P/E

20.6

Dividend yield

+1.3%

CompanyP/EP/BNet marginROED/EDiv. yield
FINPIPE (this stock)17.51.5+15.6%+9.9%0.07+1.3%
Supreme Industries38.96.9+9.1%+16.7%0.01+1.1%
Astral62.410.4+8.5%+14.2%0.06+0.3%
PG Electroplast73.94.9+3.7%+6.7%0.2+0.1%

Promoter

stable

FII

stable

MF

11.27% (-0.09pp)

falling 1q

Insider trades

No insider trades in the last 12 months.

Bulk/block deals

canonicalSymboldatebuy quantitybuyer countdeal strengthdeal types present
FINPIPE2026-06-1700STRONGBULK

News timeline

Concalls & investor presentations

AI-generated
Concall transcriptMixed13 Aug 2026
View source filing →

Key takeaway: The earnings call for Finolex Industries Limited on August 7, 2026, discussed the company's performance for Q1 FY27. Management reported a 27% decline in overall sales volume compared to the same quarter last year, with total revenue at INR 884 crores, down from INR 1,043 crores. Despite the revenue decline, EBITDA increased by 14%, and EBITDA margin improved from 9% to 12%. Management highlighted volatility in polymer prices as a significant factor affecting the industry, noting a year-on-year increase in average PVC prices. Two regulatory changes, including the withdrawal of customs duty exemptions and the imposition of a minimum import price for PVC resin, were mentioned as potential stabilizers for future pricing. Management expressed optimism about recovery in volumes and realizations as channel inventories normalize. The call concluded with management emphasizing their commitment to growth and thanking participants for their support.

Management highlighted both challenges and opportunities in the current market environment.

Sourced from an exchange-filed transcript, dated 13 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationMixed06 Aug 2026
View source filing →

Key takeaway: The investor presentation from Finolex Industries Limited reported on the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. Management noted a 15% decrease in revenue, attributed to lower sales volume, with figures of ₹884 Cr compared to ₹1,043 Cr in the same quarter of the previous year. However, there was a significant improvement in EBITDA, rising from ₹94 Cr to ₹109 Cr, and PBT increased from ₹126 Cr to ₹148 Cr. The presentation highlighted a strong liquidity position with free cash of approximately ₹2,636 Cr. Management indicated that the lower sales volume was primarily due to weak demand and PVC price volatility, with a reported 27% reduction in volume during the quarter. Additionally, the presentation outlined various marketing initiatives and CSR activities undertaken during the quarter, emphasizing the company's commitment to community support and sustainable development goals.

The presentation included both positive financial improvements and challenges related to revenue decline.

Sourced from an exchange-filed presentation, dated 06 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.

Concall transcriptMixed03 Jun 2026
View source filing →

Key takeaway: On May 27, 2026, Finolex Industries Limited held its Q4 FY26 earnings conference call, where management reported a 12% year-on-year revenue growth for the quarter, totaling INR 1,314 crores. EBITDA nearly doubled to INR 332 crores, resulting in a margin improvement of 25%. Profit before tax increased by 65% to INR 334 crores. For the full fiscal year, revenue remained flat at INR 4,113 crores, with EBITDA up 43% to INR 679 crores. Management noted that while agricultural demand was subdued, non-agricultural volumes increased. They discussed the impact of geopolitical tensions on supply chains and pricing in the PVC market, indicating that while margins were currently strong, they anticipated moderation. Management emphasized their strategy to diversify their product portfolio and aimed for a balanced business between agricultural and non-agricultural segments over the next few years.

Management highlighted both growth achievements and challenges in demand and pricing.

Sourced from an exchange-filed transcript, dated 03 Jun 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationPositive26 May 2026
View source filing →

Key takeaway: The investor presentation by Finolex Industries Limited reported on the audited financial results for the quarter and year ended March 31, 2026. Management highlighted a 12% increase in revenue for Q4 FY26, reaching ₹ 1,314 Cr, attributed to better realization. EBITDA improved significantly to ₹ 332 Cr, up from ₹ 171 Cr in Q4 FY25, with a margin increase from 15% to 25%. For FY26, overall revenue remained flat at ₹ 4,113 Cr despite a decrease in volume, with EBITDA rising to ₹ 679 Cr from ₹ 476 Cr in FY25. The presentation noted strong liquidity with free cash of approximately ₹ 2,563 Cr. Marketing initiatives reached over 21,000 stakeholders, and various CSR activities were conducted, focusing on health, education, and environmental sustainability.

Management emphasized notable improvements in financial performance and strong liquidity.

Sourced from an exchange-filed presentation, dated 26 May 2026. Summary is RedixFi-generated and distinct from investment advice.

Concall transcriptMixed05 Feb 2026
View source filing →

Key takeaway: During the earnings conference call held on February 2, 2026, management reported a decrease in volume by 14% for Q3 FY '26 compared to the previous year, attributed to the monsoon season. However, operating performance improved due to lower raw material prices and enhanced operational efficiencies. Income from operations fell by 10% to INR 898 crores, while EBITDA rose to INR 123 crores from INR 83 crores year-on-year. Profit after tax also increased to INR 110 crores from INR 71 crores. For the nine months ending December 2025, volume decreased by 6%, with income from operations at INR 2,800 crores, down 6%. Management highlighted a strong balance sheet with a net cash surplus of INR 2,430 crores. They noted ongoing volatility in PVC prices due to geopolitical factors but observed a slight recovery in prices towards the end of December. Management expressed cautious optimism about demand in the upcoming quarter.

Management reported both challenges in volume and positive improvements in profitability.

Sourced from an exchange-filed transcript, dated 05 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.

AI Summary of Annual Report

AI-generated
FY2024-25342 pages

Finolex Industries Limited (FINPIPE) reported modest growth in PVC Pipes and Fittings sales during FY2024-25 despite weak demand. The company has no significant regulatory or legal actions, defaults, or material audit issues. It maintains strong internal controls and governance frameworks. The company has not raised any term loans during the year and has no outstanding statutory dues beyond six months. The Board confirmed no complaints under the POSH Act during the year. The company's credit ratings remain unchanged, with short-term ratings at CRISIL A1+/IND A1+ and long-term ratings at CRISIL AA+/Stable/IND AA+/Stable.

  • Modest growth in PVC Pipes and Fittings sales despite weak demand.
  • No significant regulatory, legal, or audit issues noted.
  • No defaults on loans or statutory dues beyond six months.
  • Credit ratings remain unchanged with strong short-term and long-term ratings.
  • No complaints under the POSH Act during the year.

Key takeaway: Finolex Industries Limited reported modest sales growth in PVC Pipes and Fittings during FY2024-25, with no major financial, legal, or regulatory issues, and maintains strong governance and credit ratings.

The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.

Filed with NSE · 20 Aug 2025View source filing →

Governance disclosures

AI-generated

Needs attention

Regulatory Action (2 items); Default / Covenant Breach (1 item)

Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.

Regulatory Action

2 occurrences

Recent (last 12 months)

Annual Report28 Aug 2026 (FY2025-26)Small penalty (under Rs 1 lakh)
View source filing →

The company was fined Rs. 11,800/- (inclusive of GST) by NSE for a delay in submitting the SHP statement for the quarter ended September 30, 2025, as per Regulation 31(1) of SEBI LODR. The fine was paid on November 18, 2025.

Earlier (1-3 years ago)

Annual Report20 Aug 2025 (FY2024-25)Small penalty (under Rs 1 lakh)· 4 passages
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The company was fined Rs.5,900/- (inclusive of GST) each by BSE and NSE for delay in submission of RPT disclosures for half year ended September 30, 2024, and remitted the fines on December 24, 2024 and December 26, 2024 respectively.

Default / Covenant Breach

1 occurrence

Recent (last 12 months)

Annual Report28 Aug 2026 (FY2025-26)· 2 passages
View source filing →

The company has granted a loan amounting to ₹ 8.90 crore without a stipulated repayment schedule, and cannot confirm if repayments are regular.

Routine disclosures

Contingent Liability

2 occurrences

Recent (last 12 months)

Annual Report28 Aug 2026 (FY2025-26)· 4 passages
View source filing →

The Company has ongoing litigations with various regulatory authorities and third parties, which are considered contingent liabilities.

Earlier (1-3 years ago)

Annual Report20 Aug 2025 (FY2024-25)· 4 passages
View source filing →

The Holding Company has ongoing litigations with various regulatory authorities and third parties, which are considered contingent liabilities.

Related-Party Transaction

2 occurrences

Recent (last 12 months)

Annual Report28 Aug 2026 (FY2025-26)
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The company has entered into transactions with Orbit Electricals Private Limited, a related party.

Earlier (1-3 years ago)

Annual Report20 Aug 2025 (FY2024-25)
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Finolex Industries Limited has entered into transactions with related parties including Orbit Electricals Private Limited, Finolex Plasson Industries Private Limited, Finolex Cables Limited, Mukul Madhav Foundation (Trust), Finolex Infrastructure Private Limited, and Ms. Gayatri Chhabria, who are relatives of Key Management Personnel.

Statutory dues in dispute

1 occurrence

Earlier (1-3 years ago)

Annual Report20 Aug 2025 (FY2024-25)Older than 10 years
View source filing →

The company has a dispute pending with the Customs Excise and Service Tax Appellate Tribunal (CESTAT) regarding service tax under the Finance Act, 1994 for FY 2015-16, with the amount in dispute not specified.

Promoter Share Pledge

1 occurrence

Recent (last 12 months)

Structured Filing Data (NSE Pledge Disclosure)18 Jul 2026

2.56% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).

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