Is Finolex Industries a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Finolex Industries Ltd is a good quality company .

Is Finolex Industries 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 Overvalued zone .

What is Finolex Industries share price return in the past 10 years?

Finolex Industries Ltd share price has appreciated 16.1% annually (CAGR) over the past ten years.

Is Finolex Industries a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Finolex Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of Finolex Industries?

The latest standalone P/E ratio of Finolex Industries as of 20-Sep-2024 is 21.64.

What is the P/B ratio of Finolex Industries?

The latest standalone P/B ratio of Finolex Industries as of 20-Sep-2024 is 3.04.

What is the 52-week high and low of Finolex Industries?

The 52-week high of Finolex Industries is Rs. 355.70 and the 52-week low is Rs. 185.70.

Finolex Industries Ltd - Stock Valuation and Financial Performance

Name: Finolex Industries
Brand: Finolex Industries

BSE: 500940 | NSE: FINPIPE | Plastic Products | Small Cap

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Finolex Inds Share Price

₹296.30 -11.40 -3.70%
as on 20-Sep'24 16:01

10 Year X-Ray of Finolex Inds:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	10.3%	26.1%	25.6%	17.1%	20%	16.8%	35.9%	37.7%	6.8%	11.5%	-
Value Creation Index ⓘ	-0.3	0.9	0.9	0.3	0.5	0.2	1.7	1.8	-0.5	-0.2	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	2,476	2,843	2,602	2,738	3,091	2,985	3,462	4,647	4,397	4,317	4,279
Sales YoY Gr.	-	14.8%	-8.5%	5.2%	12.9%	-3.5%	16%	34.2%	-5.4%	-1.8%	-
Adj EPS ⓘ	1.1	3.9	5.6	4.8	5.9	5.5	2.3	12.7	3.8	6.7	13.7
YoY Gr.	-	260.2%	44.5%	-15.5%	24.8%	-6.9%	-58.2%	450.2%	-70.1%	76.3%	-
BVPS (₹) ⓘ	12.7	25.3	36.9	44.6	40.8	31.1	49.5	62.3	78	89.6	97.4
Adj Net Profit ⓘ	66.9	241	349	295	368	343	717	789	235	414	849
Cash Flow from Ops. ⓘ	212	569	252	338	391	106	941	622	308	353	-
Debt/CF from Ops. ⓘ	3	0.4	0.4	0.3	0.2	2.7	0.2	0.5	1.7	1.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	6.4%	6.9%	7.6%	-1.8%
Adj EPS ⓘ	22.5%	2.5%	42.6%	76.3%
BVPSⓘ	24.3%	17.1%	21.8%	14.8%
Share Price	16.1%	20.4%	16.5%	34.3%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	8.5	20.5	18.1	11.7	13.9	15.4	28.7	22.7	5.4	8	14.6
Op. Profit Mgn % ⓘ	8.8	14.4	21.6	17.7	19.6	15.8	28.6	22.1	7.4	13.6	14.9
Net Profit Mgn % ⓘ	2.7	8.5	13.4	10.8	11.9	11.5	20.7	17	5.4	9.6	19.9
Debt to Equity ⓘ	0.8	0.1	0	0	0	0.2	0.1	0.1	0.1	0.1	-
Working Cap Days ⓘ	100	83	92	112	106	123	126	110	113	107	134
Cash Conv. Cycle ⓘ	49	27	25	43	42	64	57	49	61	63	84

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.60%

Net Profit is growing at healthy rate in last 3 years 42.61%

Sales growth has been subdued in last 3 years 7.64%

Sales growth is not so good in last 4 quarters at -2.63%

Latest Financials - Finolex Industries Ltd.

	Standalone	Consolidated
TTM EPS (₹)	13.7	13.8
TTM Sales (₹ Cr.)	4,279	4,279
BVPS (₹.) ⓘ	97.4	98.9
Reserves (₹ Cr.) ⓘ	5,919	6,011
P/BV ⓘ	3.04	3.00
PE ⓘ	21.64	21.40

From the Market
52 Week Low / High (₹)	185.70 / 355.70
All Time Low / High (₹)	0.41 / 355.70
Market Cap (₹ Cr.)	18,385
Equity (₹ Cr.)	124.1
Face Value (₹)	2
Industry PE ⓘ	41.7

Management X-Ray of Finolex Inds:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Finolex Inds

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Finolex Inds

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	2,476	2,843	2,602	2,738	3,091	2,985	3,462	4,647	4,397	4,317
Operating Expenses ⓘ	2,265	2,439	2,040	2,254	2,487	2,540	2,473	3,624	4,105	3,733
Manufacturing Costs	272	255	234	274	316	321	283	450	618	559
Material Costs	1,810	1,986	1,585	1,746	1,892	1,912	1,901	2,811	3,034	2,697
Employee Cost	74	92	105	116	134	146	167	191	190	211
Other Costs ⓘ	109	106	116	118	145	161	123	172	263	265
Operating Profit ⓘ	211	404	562	484	604	445	989	1,024	293	585
Operating Profit Margin (%)	8.5%	14.2%	21.6%	17.7%	19.5%	14.9%	28.6%	22.0%	6.7%	13.5%
Other Income ⓘ	20	40	25	25	42	34	75	83	121	181
Interest ⓘ	70	45	15	10	12	11	9	14	27	36
Depreciation ⓘ	59	51	55	61	70	74	78	83	89	116
Exceptional Items ⓘ	-21	24	0	0	-28	0	0	376	0	0
Profit Before Tax ⓘ	81	373	517	439	536	393	977	1,385	297	613
Tax ⓘ	33	119	165	140	186	69	249	332	61	158
Profit After Tax	48	254	352	299	350	324	728	1,053	237	455
PAT Margin (%)	1.9%	8.9%	13.5%	10.9%	11.3%	10.9%	21.0%	22.7%	5.4%	10.5%
Adjusted EPS (₹)	0.8	4.1	5.7	4.8	5.6	5.2	11.7	17.0	3.8	7.4
Dividend Payout Ratio (%)	52%	49%	41%	42%	35%	38%	34%	24%	39%	34%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	787	1,570	2,291	2,765	2,528	1,930	3,073	3,864	4,825	5,538
Share Capital ⓘ	124	124	124	124	124	124	124	124	124	124
Reserves ⓘ	663	1,446	2,167	2,640	2,404	1,806	2,949	3,740	4,701	5,414
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	587	112	94	101	90	283	204	278	526	382
Long Term Debt	184	0	0	0	0	0	0	0	0	0
Short Term Debt	403	112	94	101	90	283	204	278	526	382
Trade Payables	200	243	227	250	284	228	436	463	289	289
Others Liabilities ⓘ	285	424	342	339	371	375	494	656	542	719
Total Liabilities ⓘ	1,859	2,349	2,955	3,455	3,273	2,815	4,207	5,261	6,182	6,928
Fixed Assets
Gross Block	1,894	897	1,982	2,064	2,199	2,334	2,391	2,451	2,600	2,709
Accumulated Depreciation	1,026	47	1,127	1,179	1,249	1,317	1,388	1,458	1,545	1,654
Net Fixed Assetsⓘ	868	850	855	884	951	1,017	1,002	993	1,055	1,055
CWIP ⓘ	10	7	22	90	90	7	8	9	44	19
Investmentsⓘ	180	817	1,222	1,555	1,303	580	1,592	2,633	3,850	4,456
Inventories	559	447	557	612	620	858	919	1,015	673	728
Trade Receivables	49	18	52	43	74	73	148	334	298	458
Cash Equivalents	12	10	16	23	28	93	336	81	61	32
Others Assetsⓘ	182	200	230	247	206	187	201	194	202	180
Total Assets ⓘ	1,859	2,349	2,955	3,455	3,273	2,815	4,207	5,261	6,182	6,928

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	212	569	252	338	391	106	941	622	308	353
PBT ⓘ	81	373	517	439	536	393	977	1,385	297	613
Adjustment ⓘ	121	61	48	49	40	84	24	-352	-8	-28
Changes in Working Capital ⓘ	49	201	-138	-30	-8	-258	152	-76	86	-88
Tax Paid ⓘ	-39	-66	-175	-120	-177	-113	-212	-336	-68	-145
Cash Flow From Investing Activity ⓘ	22	-77	35	-162	-228	49	-877	-440	-294	-83
Capex	-31	-31	-95	-173	-102	-60	-65	296	-168	-86
Net Investments	48	-93	123	4	-144	94	-851	-791	-168	-45
Others ⓘ	5	47	7	8	18	16	39	54	42	48
Cash Flow From Financing Activityⓘ	-243	-494	-282	-175	-163	-105	-90	-190	-29	-277
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-58	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-58	-44	-18	-10	-7	-11	-8	-14	-28	-38
Dividend Paid ⓘ	-98	-29	-149	-172	-145	-287	-4	-248	-248	-93
Others ⓘ	-30	-421	-115	7	-11	193	-78	73	248	-146
Net Cash Flow ⓘ	-9	-2	4	1	0	51	-26	-8	-15	-6

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	6.06	21.59	18.24	11.81	13.22	14.54	29.11	30.37	5.45	8.79
ROCE (%)	10.33	26.08	25.55	17.09	19.98	16.75	35.93	37.73	6.84	11.53
Asset Turnover Ratio	1.49	1.52	1.13	0.88	0.92	0.98	0.99	0.98	0.77	0.66
PAT to CFO Conversion(x)	4.42	2.24	0.72	1.13	1.12	0.33	1.29	0.59	1.3	0.78
Working Capital Days
Receivable Days	6	4	4	6	7	9	12	19	26	32
Inventory Days	69	57	61	75	73	90	94	76	70	59
Payable Days	31	41	54	50	52	49	64	58	45	39

Finolex Industries Ltd Stock News

Finolex Industries Ltd FAQs

What is the share price of Finolex Inds?

Company share prices are keep on changing according to the market conditions. The closing price of Finolex Inds on 20-Sep-2024 16:01 is ₹296.3.

What is the market cap of Finolex Inds?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Sep-2024 16:01 the market cap of Finolex Inds stood at ₹18,384.7.

What is the P/E ratio of Finolex Inds?

The latest P/E ratio of Finolex Inds as of 20-Sep-2024 16:01 is 21.64.

What is the P/B ratio of Finolex Inds?

The latest P/B ratio of Finolex Inds as of 20-Sep-2024 16:01 is 3.04.

What is the 52-week high and low of Finolex Inds?

The 52-week high of Finolex Inds is ₹355.7 and the 52-week low is ₹185.7.

What is the TTM revenue of Finolex Inds?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Finolex Inds is ₹4,279 ( Cr.) .

About Finolex Industries Ltd

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

Agriculture Pipes & Fittings
Casing Pipes
Column Pipes
Solvent Cement & Lubricant

Non-agriculture

FlowGuard Plus CPVC Pipes & Fittings
Plumbing Pipes & Fittings
Sewerage Pipes
SWR Pipes & Fittings
Solvent Cement & Lubricant

Awards

2016-17

The company has won Supply Chain Icon of the Year 2017 by Global Logistics Excellence Awards
The company has won Water Company of the Year Award by the National CSR Leadership Congress & Awards.

2017-18

Finolex Industries Limited and Mukul Madhav Foundation were awarded with the ‘Best CSR Integrated Business under National Excellence for CSR and Sustainability’ at the ‘National CSR Leadership Congress & Awards’, which was held in Bengaluru, Karnataka during September 2017.
The company was awarded with the Best CSR Practice and Sustainability Award by ET Now (Feb 2018).

2018-19

Brand Leadership award given to Finolex Industries at the “Pune Best Brand Awards in Real Estate Sector” by the “Global Real Estate Congress” in October 2018.
Finolex Industries Limited received the Indywood CSR Excellence Award for “Best CSR practices in Speciality Healthcare” in December 2018. The award was given by Ms. Valeria V. Kolesnik, Head of Russian Cultural Ministry of Cinematography
Received Gujarat CSR Excellence Award for best Water conservation and Watershed projects at the hands of Shri Dharmendra Pradhan(Hon. Cabinet Minister of Petroleum and Natural Gas) and Shri Ganpatbhai Vasava ( Minister for Tribal development, Tourism, Forest, Women and Child Welfare) in November 2018.

2019-20

Finolex Honoured with Yuva Unstoppable Gratitude Award
Punyadham Humanitarian Service Award
Pride of Pune Award
IEBF Excellence Award - 2019
B G Deshmukh Award

History and Milestones

1981: Finolex Industries Limited (FIL) was incorporated and had a modest beginning as a rigid PVC (Poly Vinyl Chloride) pipes manufacturer with a manufacturing plant in Pune.
1985: FIL pioneered the concept of “Ringfit’ pressure pipes.
1994: FIL set up a state of the art PVC Resin plant near Ratnagiri on the West Coast of Maharashtra State. The 130,000 M.T. PVC plant was set up in technical collaboration with Uhde GmbH of Germany and under technology license from Hoechst AG. FIL manufactures suspension PVC as well as emulsion/ paste PVC
1996: FIL became India’s first manufacturer of PVC pipes and fittings to be awarded the ISO 9001: 2000 certification.
1999: FIL also started manufacturing PVC pipes at Ratnagiri to meet its growing demand and introduced ASTM Pipes to cater the need of Plumbing sector
2002: PVC Pipes and PVC Resin plants at Ratnagiri were awarded the IS14001 certificate for Environment Management Systems.
2006: Finolex Industries Ltd., proudly celebrated 25 years of its success and the PVC Resin capacity was expanded from 1,30,000 MT to 2,60,000 MT. Further expanding its product range, FIL launched ASTM fittings to its product portfolio.
2007: FIL introduced Underground Sewerage Pipes as per IS: 15328 - 2003.
2008: Taking a step further with advancement in technology, FIL introduced LEAD FREE Plumbing pipes as per ASTM Standards.
2009: FIL started a brand new state-of-the-art unit for manufacturing agriculture pipes and casing pipes at Urse, Pune with the capacity of 28000 MT p.a.
2012: FIL started a new manufacturing plant at Masar, near Vadodara in Gujarat.
2014: FIL set up a warehouse at Cuttack (Odisha)
2016-17: Company has signed the FlowGuard Processor agreement with Lubrizol Corporation, the world leaders in CPVC resin and compounds since 1959.
2017-18: The company participated in Constro 2018 International Fair at Agricultural Ground in Pune, Maharashtra.
2018-19: Finolex Industries Ltd. alongside CSR partner Mukul Madhav Foundation inaugurated 77 toilets for the tribal residents of Palghar District
2019-20: Finolex Pipes showcased its entire range of Agricultural Pipes to farmers and the Agricultural community attending the event.