Finolex Industries Limited (FINPIPE) AI Stock Analysis

• Market Cap: ₹118.45B
• Dividend Yield: 1.05%
• Average Volume (3M): 48.12K
• Price to Earnings (P/E): 29.7
• Beta (1Y): 1.45
• Revenue Growth: -5.47%
• EPS Growth: -53.73%
• Country: IN
• Employees: 1,510
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Construction
• EPS (TTM): 1.60
• Shares Outstanding: 620,476,900
• 10 Day Avg. Volume: 43,104
• 30 Day Avg. Volume: 48,120
• PEG Ratio: 0.20
• Price to Book (P/B): 1.80
• Price to Sales (P/S): 2.65
• P/FCF Ratio: 41.12
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹239.00
• Price Target Upside: 25.23% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 57 Neutral
• Price Target: ₹208.00 ▲(8.99% Upside)

Finolex Industries Limited's overall stock score reflects strong financial performance, but is tempered by bearish technical indicators and a high valuation. The company's robust balance sheet and profitability metrics are significant strengths, but the stock's current technical setup and valuation suggest caution. Investors should monitor for improvements in revenue growth and potential technical reversals.

Finolex Industries Limited Business Overview & Revenue Model

Company Description

Finolex Industries Limited (FINPIPE) is a leading manufacturer of PVC pipes and fittings in India. Established in 1981, the company operates in the plastic and polymer sector, specializing in a wide range of products including agricultural, plumbing, and irrigation pipes, as well as electrical conduits. Finolex Industries is recognized for its commitment to quality and innovation, catering to both domestic and international markets.

How the Company Makes Money

Finolex Industries generates revenue primarily through the production and sale of PVC pipes and fittings, which are essential for various applications including agriculture, construction, and infrastructure development. The company benefits from a diversified revenue model, with significant contributions from its core segments such as agricultural pipes, plumbing pipes, and industrial products. In addition, Finolex has established strategic partnerships and collaborations with distributors and retailers, enhancing its market reach and customer base. Factors contributing to its earnings include strong brand recognition, a wide distribution network, and a focus on quality and innovation, which helps maintain customer loyalty and attract new clients.

Finolex Industries Limited Financial Statement Overview

Summary

Finolex Industries Limited demonstrates strong financial health, with a stable balance sheet and solid profitability metrics. While revenue growth faces challenges, the company maintains effective cost and debt management. Continued focus on improving revenue and cash flow growth will be vital for long-term success.

Income Statement

Finolex Industries Limited shows a strong gross profit margin and consistent EBIT margin, indicating efficient cost management and operational efficiency. Revenue growth has been volatile, with a decline in 2025 compared to previous years, which could impact future profitability. The net profit margin improved significantly in 2025, suggesting better net income management.

Balance Sheet

The company has a robust equity position with a high equity ratio, indicating financial stability and low leverage risk. The debt-to-equity ratio is low, reflecting prudent debt management. Return on equity is strong, highlighting effective utilization of equity to generate profits.

Cash Flow

Operating cash flow is consistently positive, supporting the company's ability to fund operations. However, free cash flow growth is moderate, which may limit aggressive expansion. The operating cash flow to net income ratio is healthy, suggesting good cash conversion efficiency.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	40.45B	41.42B	43.17B	43.97B	46.47B	34.62B
Gross Profit	13.34B	14.66B	15.81B	12.61B	17.49B	15.09B
EBITDA	3.61B	4.70B	5.81B	3.25B	10.28B	9.90B
Net Income	3.97B	8.00B	4.74B	2.51B	10.51B	7.38B
Balance Sheet
Total Assets	0.00	73.82B	70.58B	62.85B	53.45B	42.94B
Cash, Cash Equivalents and Short-Term Investments	22.69B	22.69B	19.08B	18.00B	16.03B	8.15B
Total Debt	0.00	2.37B	3.94B	5.41B	2.78B	2.04B
Total Liabilities	-60.97B	12.85B	14.24B	13.82B	14.18B	11.55B
Stockholders Equity	60.97B	60.97B	56.34B	49.03B	39.28B	31.39B
Cash Flow
Free Cash Flow	0.00	2.67B	2.67B	1.33B	5.38B	8.76B
Operating Cash Flow	0.00	3.83B	3.53B	3.02B	6.22B	9.41B
Investing Cash Flow	0.00	83.40M	-829.70M	-2.88B	-4.40B	-8.77B
Financing Cash Flow	0.00	-3.49B	-2.77B	-289.40M	-1.90B	-903.00M

Finolex Industries Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 190.85
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:FINPIPE, the sentiment is Negative. The current price of 190.85 is below the 20-day moving average (MA) of 193.55, below the 50-day MA of 203.72, and below the 200-day MA of 196.13, indicating a bearish trend. The MACD of -4.17 indicates Negative momentum. The RSI at 36.96 is Neutral, neither overbought nor oversold. The STOCH value of 36.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:FINPIPE.

Finolex Industries Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TIMETECHNO	―	₹93.88B	23.25	―	0.60%	8.49%	20.80%
GSFC	―	₹75.67B	11.78	―	2.57%	3.26%	19.18%
PRIVISCL	―	₹112.63B	48.61	―	0.17%	21.50%	78.82%
GRAPHITE	―	₹107.69B	30.00	―	1.74%	-14.81%	-66.60%
Sector *	―	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
RALLIS	―	₹56.05B	31.24	―	0.93%	0.91%	18.12%
FINPIPE	―	₹118.45B	29.70	―	1.05%	-5.47%	-53.73%

Finolex Industries Limited Corporate Events

Finolex Industries Releases Q1 FY 2025-26 Financial Results

Finolex Industries Limited has released an investor presentation detailing its unaudited financial results for the quarter ending June 30, 2025. This announcement, made in compliance with SEBI regulations, provides stakeholders with insights into the company’s financial performance and strategic positioning for the fiscal year 2025-26. The presentation is accessible on the company’s website, indicating a commitment to transparency and shareholder engagement.