Finolex Industries Ltd Stock Price Today (NSE: FINPIPE)
Fundamental Score
Finolex Industries Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis
Finolex Industries Ltd share price today is ₹159.08, up +0.02% on NSE/BSE as of 17 April 2026. Finolex Industries Ltd (FINPIPE) is a Mid-cap company in the Plastic Products - Industrial sector with a market capitalisation of ₹10.94K (Cr). The 52-week high for FINPIPE share price is ₹238.00 and the 52-week low is ₹147.54. At a P/E ratio of 25.02x, FINPIPE is currently trading above its industry average P/E of 23.37x. The company has a Return on Equity (ROE) of 6.76% and a debt-to-equity ratio of 0.00.
Finolex Industries Ltd Share Price Chart — NSE/BSE Historical Performance
AI Research Briefing
Powered by Gemini · 2026-04-10
Finolex is fairly valued; execution on volume growth and margin management is critical to justify the current price.
⚡WHAT'S HAPPENING NOW (last 2-4 weeks):
Finolex Industries reported its Q3 FY26 results on April 7, 2026. Revenue stood at ₹897.66 crore, a 4.53% QoQ increase but a 10.35% YoY decline. Net profit was ₹116.08 crore, reflecting a 6.05% QoQ decrease but a 23.46% YoY increase. The company had earlier announced the closure of its trading window from April 1, 2026, until 48 hours after the declaration of audited FY26 results.
�� CORE STORY (THE REAL GAME):
Finolex is a play on the Indian infrastructure and agriculture sectors, specifically through its PVC pipes and fittings business. The market narrative revolves around Finolex's ability to maintain margins amidst fluctuating raw material prices and its strategic shift towards a more balanced agri/non-agri sales mix.
- Improved profitability despite revenue decline
- Strong balance sheet with significant cash reserves
- Positive outlook for the Indian plastic industry
- Significant infrastructure project wins
- Sharp decline in raw material prices
- Successful diversification into new product segments
- Sluggish revenue growth due to monsoon and demand fluctuations
- Inability to achieve desired agri/non-agri sales mix
- Potential GST demand of ₹29.46 Cr
DII increased holdings by 0.75% while FII decreased holdings by 0.1%
The Indian plastic industry is expected to grow, driven by infrastructure development and consumer demand.
Yes - Free Cash Flow 5Y: ₹2469.29 Cr
Finolex's near-term performance hinges on demand recovery and raw material price stability. Long-term growth depends on successful diversification and expansion into new markets.
Primary Thesis Risk
Inability to pass on raw material price increases to customers will crush margins.
For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.
Returns & Performance
ROE
ROCE
OPM (5Y)
Div Yield
Finolex Industries Ltd Valuation Check
P/E Ratio
Industry P/E
Market Cap
Growth Engine
Profit Growth (Q)
Sales Growth (Q)
Sales Growth (5Y)
EPS Growth (5Y)
Profit Growth (5Y)
Balance Sheet Health
Debt to Equity
Int. Coverage
Free Cash Flow (5Y)
Shareholding
Promoter
FII
DII
Pledged
Institutional Deep-Dive
Bull Run Research Hub
Finolex Share Price Analysis: A ROCE-Focused Perspective
This analysis examines the Finolex share price, currently at ₹172.03, through the lens of Return on Capital Employed (ROCE). A crucial trend in the Plastic Products - Industrial sector is the increasing pressure on companies to demonstrate efficient capital allocation. With rising raw material costs and fluctuating demand, those with higher ROCE are better positioned to weather economic headwinds. This report forms part of an 80-parameter fundamental audit, verified by Sweta Mishra, and is presented for informational purposes only.
Finolex Industries Ltd's current Price-to-Earnings (PE) ratio stands at 25.02, suggesting the market has certain expectations regarding future earnings growth. However, their ROCE of 8.77% warrants further investigation. ROCE measures how effectively a company generates profits from its capital employed (both debt and equity). An 8.77% ROCE suggests that for every ₹100 invested in the business, Finolex generates ₹8.77 in earnings. This raises questions about the company's efficiency compared to industry benchmarks.
The impact of this ROCE on Finolex's competitive moat is significant. A higher ROCE indicates a stronger moat, allowing the company to maintain profitability and fend off competition. Conversely, a lower ROCE, such as 8.77%, may suggest the moat is not as robust as one might expect, particularly when considering the sector's challenges. While B D Industries may present different management quality profiles, Finolex's leadership must demonstrate an ability to improve capital efficiency through strategic initiatives and operational excellence. A stronger management team would likely implement strategies aimed at increasing ROCE, thereby solidifying the company's competitive position.
Further analysis should include a detailed comparison of Finolex's ROCE with its sector peers, such as Santander Bank Polska SA and Polymac Thermoformers Ltd. This comparative study, combined with a deep dive into the factors driving the 8.77% ROCE, including cost structure and asset utilization, would provide a more comprehensive understanding of the investment potential associated with the Finolex share price. This analysis is observational and based solely on the provided data. It does not constitute financial advice, and readers should conduct their own thorough research before making any investment decisions.
Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice
Finolex Industries Ltd Fundamental Analysis & Valuation Benchmarking
Educational evaluation of FINPIPE across key market metrics for learning purposes.
Positive Indicators
7 factors identified
Strong Operating Margins (16.07%)
Observation: Healthy 5-year operating margins indicate pricing power and cost control.
Analysis: OPM >15% suggests operational efficiency and competitive advantages.
Robust Profit Growth (131.73%)
Observation: Strong year-over-year profit expansion demonstrates business momentum.
Analysis: Profit growth >20% indicates effective execution and market opportunity capture.
Debt-Free Balance Sheet (D/E: 0.00)
Observation: Low leverage provides financial flexibility and reduced risk.
Analysis: Conservative debt structure offers resilience during economic downturns.
Strong Interest Coverage (23.36x)
Observation: Earnings comfortably cover interest obligations.
Analysis: Interest coverage >5x indicates low financial distress risk.
Strong Cash Generation (₹2469.29 Cr over 5Y)
Observation: Healthy free cash flow generation supports growth and returns.
Analysis: Strong FCF provides flexibility for dividends, debt reduction, and growth investments.
Balanced Promoter Holding (52.47%)
Observation: Optimal balance between promoter control and public float.
Analysis: Promoter holding in 50-75% range provides management alignment.
Zero Share Pledging Risk
Observation: No promoter shares pledged as collateral.
Analysis: Absence of share pledging eliminates potential forced-selling pressure.
Risk Factors
4 factors identified
Below-Average Return on Equity (6.76%)
Observation: Returns on equity are below industry benchmarks.
Analysis: ROE <10% may indicate inefficient capital utilization. Consider monitoring for operational improvements and management effectiveness.
Suboptimal ROCE (8.77%)
Observation: Returns on capital employed are below expectations.
Analysis: ROCE <10% suggests potential inefficiencies in capital allocation.
Weak Earnings Growth (4.12% CAGR)
Observation: Below-average 5-year EPS growth performance.
Analysis: Low EPS growth may not keep pace with inflation.
Stagnant Profit Growth (4.12% CAGR)
Observation: Limited 5-year profit growth trajectory.
Analysis: Low profit growth may indicate scalability challenges or market maturity.
Finolex Industries Ltd Financial Statements
Comprehensive financial data for Finolex Industries Ltd including income statement, balance sheet and cash flow
About FINPIPE (Finolex Industries Ltd)
Finolex Industries Ltd is a prominent Indian manufacturer specializing in PVC pipes and fittings, as well as PVC resin. It stands as one of the nation's largest producers, catering... to diverse sectors through its robust infrastructure and commitment to quality. The company's dedication extends to providing durable solutions for the construction, agriculture, and sanitation sectors, ensuring the effective and safe transportation of water and other fluids. Finolex operates with a focus on innovation and sustainability, constantly seeking to improve its products and processes to meet evolving industry standards and customer needs. The company strategically divides its operations into two key segments: PVC Resin and PVC Pipes and Fittings. This allows for a streamlined and focused approach to production, distribution, and customer service. The PVC Resin segment underscores Finolex's commitment to vertical integration, ensuring a reliable source of high-quality raw material for its pipe manufacturing operations. In contrast, the PVC Pipes and Fittings segment encompasses a comprehensive range of products designed to meet the specific requirements of various applications, solidifying Finolex's position as a versatile provider in the market. Finolex Industries’ extensive product portfolio caters to a diverse clientele with specific needs. Farmers benefit from their range of agricultural pipes and fittings, column pipes, and casing pipes, alongside essential accessories like solvent cement and lubricants. For residential and commercial projects, Finolex offers a range of plumbing and sanitation solutions including ASTM pipes and fittings, CPVC pipes and fittings, SWR pipes and fittings, and sewerage pipes. The availability of solvent cement, lubricants, and primers as part of this segment ensures that Finolex provides all the necessary components for comprehensive plumbing and drainage systems.
Company Details
Key Leadership
Corporate Events
FINPIPE Share Price: Frequently Asked Questions
What is the current share price of Finolex Industries Ltd (FINPIPE)?
As of 17 Apr 2026, 11:00 am IST, Finolex Industries Ltd share price is ₹159.08. The FINPIPE stock has a market capitalisation of ₹10.94K (Cr) on NSE/BSE.
Is FINPIPE share price Overvalued or Undervalued?
FINPIPE share price is currently trading at a P/E ratio of 25.02x, compared to the industry average of 23.37x. Based on this relative valuation, the Finolex Industries Ltd stock appears to be Overvalued against its sector peers.
What is the 52-week high and low of FINPIPE share price?
The 52-week high of FINPIPE share price is ₹238.00 and the 52-week low is ₹147.54. These values are updated daily from NSE/BSE price data.
What factors affect the Finolex Industries Ltd share price?
Key factors influencing FINPIPE share price include quarterly earnings growth (Sales Growth: 3.66%), raw material costs, government infrastructure spending, and institutional flows (FII/DII holding).
Is Finolex Industries Ltd a good stock for long-term investment?
Finolex Industries Ltd shows a 5-year Profit Growth of 4.12% and an ROE of 6.76%. Long-term investors should consider these fundamentals alongside the debt-to-equity ratio of 0.00 before investing in FINPIPE shares.
How does Finolex Industries Ltd compare with its industry peers?
Finolex Industries Ltd competes with major peers in the Plastic Products - Industrial. Investors should compare FINPIPE share price P/E of 25.02x and ROE of 6.76% against the industry averages to determine competitive standing.
What is the P/E ratio of FINPIPE and what does it mean?
FINPIPE share price has a P/E ratio of 25.02x compared to the industry average of 23.37x. Investors pay ₹25 for every ₹1 of annual earnings.
How is FINPIPE performing according to Bull Run's analysis?
FINPIPE has a Bull Run fundamental score of 46.3/100, indicating concerns requiring careful analysis. This comprehensive rating is based on 15+ financial parameters.
What sector and industry does FINPIPE belong to?
FINPIPE operates in the Plastic Products - Industrial industry. This classification helps understand the competitive landscape and sector-specific trends affecting Finolex Industries Ltd share price.
What is Return on Equity (ROE) and why is it important for FINPIPE?
FINPIPE has an ROE of 6.76%, which suggests challenges in generating returns from shareholders equity. ROE measures how efficiently Finolex Industries Ltd generates profits from shareholders capital.
How is FINPIPE debt-to-equity ratio and what does it indicate?
FINPIPE has a debt-to-equity ratio of 0.00, which indicates conservative financing with low financial risk.
What is FINPIPE dividend yield and is it a good dividend stock?
FINPIPE offers a dividend yield of 1.13%, meaning you receive ₹1.13 annual dividend for every ₹100 invested in Finolex Industries Ltd shares.
How has FINPIPE share price grown over the past 5 years?
FINPIPE has achieved 5-year growth rates of: Sales Growth 6.77%, Profit Growth 4.12%, and EPS Growth 4.12%.
What is the promoter holding in FINPIPE and why does it matter?
Promoters hold 52.47% of FINPIPE shares, with 0.00% pledged. High promoter holding often indicates strong management confidence in Finolex Industries Ltd.
What is FINPIPE market capitalisation category?
FINPIPE has a market capitalisation of ₹10945 crores, placing it in the Mid-cap category.
How volatile is FINPIPE stock?
FINPIPE has a beta of N/A. A beta > 1 suggests the Finolex Industries Ltd stock is more volatile than the market, while a beta < 1 suggests it is less volatile.
What is FINPIPE operating profit margin trend?
FINPIPE has a 5-year average Operating Profit Margin (OPM) of 16.07%, indicating the company's operational efficiency.
How is FINPIPE quarterly performance?
Recent quarterly performance shows Finolex Industries Ltd YoY Sales Growth of 3.66% and YoY Profit Growth of 131.73%.
What is the institutional holding pattern in FINPIPE?
FINPIPE has FII holding of 5.93% and DII holding of 12.11%. Significant institutional holding often suggests professional confidence in the Finolex Industries Ltd stock.