India Ratings & Research (Ind-Ra) has assigned AA- rating to Finolex Industries’ (FIL) 10.9% non-convertible debenture (NCD) worth Rs 100 crore.

The ratings reflect FIL’s leadership position and established track record in India’s PVC (poly vinyl chloride) pipes & fittings and PVC resins industries. The company accounts for a 20% market share by capacity in the PVC resins industry. Finolex is the largest player in the fragmented and competitive PVC pipes and fittings market in India, with an overall share of around 22%. In addition, its established brand equity and large dealer network have enabled it to capture a significant share of the growing retail PVC pipe market.

Related Finolex Industries Ltd. Links:

Finolex Inds Share Price

503.90 -2.25 (-0.44%) Sep 29, 18:01
1 Year Price Chart
Peers
Company Name CMP
Supreme Industries 1402.10
Jain Irrigation Sys 14.65
Uflex 314.90
Jindal Poly Films 444.75
Finolex Inds 503.90
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Sensex vs Finolex Inds
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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