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BSE: 500940 | NSE: FINPIPE | Plastic Products | Mid Cap
1. Is Finolex Industries Ltd a good quality company?
Past 10 year's financial track record analysis by Moneyworks4me indicates that Finolex Industries Ltd is a good quality company.
2. Is Finolex Industries Ltd undervalued or overvalued?
The key valuation ratios of Finolex Industries Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
3. Is Finolex Industries Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Finolex Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘValue Creation Index Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | |||
| ROCE % ⓘ | 13.7% | 15.9% | 7.5% | 16.3% | 17.3% | 11.2% | 13.6% | 14.3% | 26.2% | 21.4% | - | ||
| Value Creation Index ⓘ | -0.0 | 0.1 | -0.5 | 0.2 | 0.3 | -0.2 | 0 | 0.1 | 0.9 | 0.6 | - | ||
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ |
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| Sales ⓘ | 2,145 | 2,453 | 2,476 | 2,843 | 2,602 | 2,738 | 3,091 | 2,985 | 3,462 | 4,647 | 4,731 | ||
| YoY Gr. Rt. % | - | 14.4% | 0.9% | 14.8% | -8.5% | 5.2% | 12.9% | -3.5% | 16% | 34.2% | - | ||
| Adj EPS ⓘ | 3 | 3.2 | 1 | 3.7 | 5.6 | 4.6 | 5.9 | 5.4 | 2.3 | 12.6 | 10.9 | ||
| YoY Gr. Rt. % | - | 5.3% | -69.2% | 278.6% | 51.5% | -17.6% | 26.4% | -7.4% | -57.6% | 448.7% | - | ||
| BVPS (₹) ⓘ | 11.6 | 12.7 | 12.7 | 25.3 | 36.9 | 44.6 | 40.8 | 31.1 | 49.5 | 62.3 | 61.8 | ||
| Adj Net Profit ⓘ | 187 | 198 | 60.6 | 230 | 349 | 287 | 363 | 336 | 713 | 783 | 678 | ||
| Cash Flow from Ops. ⓘ | 274 | 245 | 212 | 569 | 252 | 338 | 391 | 106 | 941 | 622 | - | ||
| Debt/CF from Ops. ⓘ | 3.1 | 2.9 | 3 | 0.4 | 0.4 | 0.3 | 0.2 | 2.7 | 0.2 | 0.5 | - | ||
CAGR ⓘCAGR Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
| Sales ⓘ | 9% | 12.3% | 14.6% | 34.2% | ||||||||
| Adj EPS ⓘ | 17.2% | 17.6% | 29.2% | 448.7% | ||||||||
| BVPS ⓘ | 20.5 | 11 | 15.2 | 25.8 | ||||||||
| Share Price | 29% | 3.7% | 10.4% | -20.2% | ||||||||
Key Financial Parameters ⓘPerformance Ratio Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | ||
| Return on Equity % ⓘ | 27.1 | 26.2 | 7.7 | 19.5 | 18.1 | 11.4 | 13.7 | 15.1 | 28.5 | 22.6 | 17.6 | |
| Op. Profit Mgn % ⓘ | 16.8 | 16.2 | 8.8 | 14.4 | 21.6 | 17.7 | 19.6 | 15.8 | 28.6 | 22.1 | 10.4 | |
| Net Profit Mgn % ⓘ | 8.7 | 8.1 | 2.5 | 8.1 | 13.4 | 10.5 | 11.7 | 11.3 | 20.6 | 16.8 | 14.3 | |
| Debt to Equity ⓘ | 1.2 | 0.9 | 0.8 | 0.1 | 0 | 0 | 0 | 0.2 | 0.1 | 0.1 | 0 | |
| Working Cap Days ⓘ | 105 | 95 | 100 | 83 | 92 | 112 | 106 | 123 | 126 | 110 | 209 | |
| Cash Conv. Cycle ⓘ | 35 | 45 | 49 | 27 | 25 | 43 | 42 | 64 | 57 | 49 | 143 | |
Sales growth is growing at healthy rate in last 3 years 14.56%
Net Profit is growing at healthy rate in last 3 years 29.21%
Return on Equity has declined versus last 3 years average to 17.60%
Sales growth is not so good in last 4 quarters at 8.04%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 10.9 | 10.9 |
| TTM Sales (₹ Cr.) | 4,731 | 4,731 |
| BVPS (₹.) ⓘ | 61.8 | 62.8 |
| Reserves (₹ Cr.) ⓘ | 3,709 | 3,771 |
| P/BV ⓘ | 2.57 | 2.53 |
| PE ⓘ | 14.53 | 14.59 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 128.00 / 214.90 |
| All Time Low / High (₹) | 0.41 / 268.00 |
| Market Cap (₹ Cr.) | 9,850 |
| Equity (₹ Cr.) | 124.1 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 19.8 |
| Pledged * | 0.02 | 0.02 | 0.02 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Finolex Industries Limited (FIL), formerly Finolex Pipes Ltd., was incorporated in 1981 and has been in the Plastics business since then. Beginning as a modest rigid PVC (Poly Vinyl Chloride) pipe manufacturer, FIL went on for backward integration and now manufactures PVC resin too.
The company’s manufacturing plants in Pune, Ratnagiri, and Masar house are all the modern-day equipment. Finolex PVC Pipes and Fittings are available in various sizes, pressure classes and diameters making them suitable for diversified applications in both agricultural as well as non-agricultural sectors including housing, industrial and construction. The company has been providing superior quality PVC-U and CPVC Pipes and Fittings, all across the country through its vast direct and indirect retail outlets.
Business area of the company
The company is engaged in the business of manufacturing PVC pipes & fittings and PVC resin. he company's product range includes PVC Resin ,PVC-U Pipes & Fittings, Selfit PVC-U Pipes (for agriculture and potable water supply),Ringfit PVC-U Pipes (for agriculture and potable water supply),Moulded Fittings for Agriculture,Fabricated Fittings for Agriculture,Protector Well Casings and Screens,Underground Sewerage Pipes,Selfit & Ringfit SWR PVC Pipes ,SWR Moulded Fittings,Plumbing Pipes (for domestic plumbing applications),Solvent Cemented Fittings (for domestic plumbing applications),etc. The company is also trading actively in Ethylene Di Chloride and Methanol.These products are used as solvents in the Pharma, Fertilizer, Paints, Lamination, Amines and various other industries in India.
Product portfolio
Agriculture
Non-agriculture
Awards
2016-17
2017-18
2018-19
2019-20
History and Milestones
