What is Finolex Industries Ltd's market cap?

Finolex Industries Ltd (FINPIPE) has a market capitalization of ₹10,703 Cr.

What sector is FINPIPE in?

Finolex Industries Ltd operates in the Capital Goods & Industrial Products sector.

What is FINPIPE's return on equity?

Finolex Industries Ltd has a return on equity (ROE) of 9.6%.

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Finolex Industries Ltd (FINPIPE) — Analysis, Financials, Intelligence | The Stock Filter

The Organism · Company Intelligence

Finolex Industries Ltd

FINPIPE|BSE: 500940

Capital Goods & Industrial ProductsIndustrials & Manufacturingwww.finolexwater.com

₹162.10

₹0.90 (-0.55%)|MCap ₹10,703 Cr

As of 31 Jul 2026 (End of Day)

Promoter: 0.3%Div Yield: 2.22%

52W Low ₹0.0052W High ₹200.40

PE 46.8xMedian PE 19.6xPB 3.9x

Secular Currents

Theme Connections

Water Infra Rural Consumption Building Materials Agritech

About the Company

Profile

Finolex Industries Ltd. engages in the manufacture and sale of polyvinyl chloride (PVC) pipes and fittings. The company is headquartered in Pune, Maharashtra and currently employs 1,478 full-time employees. The firm is engaged in manufacturing of micro irrigation systems, fittings, accessories and a range of irrigation components. The firm operates through two segments: PVC and PVC pipes and fittings. The company offers a wide range of products in various sizes, pressure classes and diameters suitable for diversified applications across the two main categories: plumbing sanitation and agriculture products. Its plumbing pipes and fittings products include American Society for Testing and Materials (ASTM) pipes and fittings; chlorinated polyvinyl chloride (CPVC) pipes and fittings; soil, waste and rainwater pipe (SWR) pipes and fittings; sewerage pipes, and solvent cement, lubricant and primer. The firm's agriculture pipes and fittings products include agriculture pipes and fittings, casing pipes, column pipes, and solvent cement and lubricant.

Intelligence Profile

TSF Score

53/100

The Vitals · Company Health

Health Indicators

Shenanigan Score

56Medium

Trust Score

X-Ray

Concerns

🟠Below-average return on equity (9.6%)Business
🟠Revenue declining (-1.5% CAGR 3yr)Business

Watch

Nothing flagged for monitoring

Strengths

🟢Good profitability (Net margin: 13.9%)Business
🟢Low leverage (D/E: 0.07x)Business
🟢Consistent dividend payerOpportunity

The Numbers · Key Metrics

PE Ratio

46.8x

ROE

9.6%

Revenue Growth 3yr

-1.5%

Debt/Equity

0.07x

₹10,659 Cr

The Narrator · StoryTel Intelligence

FY2026Capital Goods & Industrial ProductsProduct Sales ModelModel:Revenue = Order Book × Execution Rate + Service & Spares Revenue

Key Insight

“Operates in Capital Goods & Industrial Products.”

The Revenue Story

₹4,113 Cr revenue.

Total Income₹4,325 Cr

Revenue₹4,113 Cr(95.1% of Total Income)

Other Income₹211 Cr(4.9% of Total Income)

The Cost Story

COGS 58.3%, employees 5.9%.

Cogs₹2,396 Cr(53.8%)

EBITDA₹890 Cr(20.0%)

Other Expenses₹796 Cr(17.9%)

Employee₹243 Cr(5.4%)

Depreciation₹107 Cr(2.4%)

Finance Costs₹21 Cr(0.5%)

0.2%EBITDA Margin

Cogs

53.8%

EBITDA

20.0%

Other Expenses

17.9%

Employee

5.4%

Depreciation

2.4%

Finance Costs

0.5%

Key Metrics

ROE

9.6%

vs median 10.0%

ROCE

12.1%

vs median 14.1%

Net Margin

13.9%

vs median 5.5%

EBITDA Margin

20.6%

vs median 11.8%

Debt To Equity

0.07x

vs median 0.22x

Rev Growth 3yr

-1.5%

vs median 12.8%

EPS Growth 3yr

33.7%

vs median 17.0%

Forward View · Management Guidance

FINANCIALQ3FY26High Impact

“INR eight ninety eight crores for”

FINANCIALQ3FY26High Impact

“10% decrease against INR 1,001 crores of the three FY 2025.”

GUIDANCEQ3FY26High Impact

“we would like to maintain our 12% EBITDA, 12% around that trajectory, our, full year EBITDA margin as well.”

The Context · Where does it sit?

Sector Context

The Canopy · Sector KPIs

Sector KPIs

Capital Goods & Industrial Products

KPI	Company	Sector Median
ROE	9.6%▼	10.0%
ROCE	12.1%▼	14.1%
Net Margin	13.9%▲	5.5%
EBITDA Margin	20.6%▲	11.8%
Debt To Equity	0.07x▼	0.22x
Rev Growth 3yr	-1.5%▼	12.8%
EPS Growth 3yr	33.7%▲	17.0%

The Market · What is the market saying?

Market Signals

The Antenna · Media Intelligence

Media Signal

Low Impact

The Numbers · Show me the data

Financials

Revenue₹4,113 Cr

PBT₹763 Cr

EPS₹9.65

(₹ Cr)	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Revenue	₹4,113 Cr -0.7%	₹4,142 Cr -4.1%	₹4,317 Cr -1.8%	₹4,397 Cr -5.4%	₹4,647 Cr +34.2%	₹3,463 Cr +16.0%	₹2,986 Cr -3.4%	₹3,091 Cr
Other Income	₹211 Cr -14.3%	₹247 Cr +37.1%	₹180 Cr +48.8%	₹121 Cr +47.1%	₹82 Cr +14.9%	₹72 Cr +139.2%	₹30 Cr -26.0%	₹40 Cr
Total Income	₹4,325 Cr -1.5%	₹4,389 Cr -2.4%	₹4,497 Cr -0.5%	₹4,518 Cr -4.5%	₹4,730 Cr +33.8%	₹3,534 Cr +17.2%	₹3,016 Cr -3.7%	₹3,132 Cr
COGS	₹2,396 Cr -10.5%	₹2,676 Cr -2.2%	₹2,737 Cr -10.9%	₹3,072 Cr +7.8%	₹2,849 Cr +47.7%	₹1,929 Cr -0.7%	₹1,943 Cr +1.1%	₹1,921 Cr
	₹3,562 Cr -6.3%	₹3,803 Cr -2.1%	₹3,885 Cr -8.0%	₹4,221 Cr +13.4%	₹3,721 Cr +45.4%	₹2,559 Cr -2.5%	₹2,624 Cr +2.1%	₹2,569 Cr
Profit Before Tax	₹763 Cr -23.9%	₹1,003 Cr +63.8%	₹612 Cr +106.2%	₹297 Cr -78.5%	₹1,385 Cr +41.9%	₹976 Cr +148.8%	₹392 Cr -26.6%	₹534 Cr
Exceptional Items	₹0.00 Cr -100.0%	₹417 Cr	₹0.00 Cr	₹0.00 Cr -100.0%	₹376 Cr	₹0.00 Cr	₹0.00 Cr +100.0%	(₹28 Cr)
	₹206 Cr -15.3%	₹243 Cr +37.4%	₹177 Cr +150.7%	₹71 Cr -78.7%	₹332 Cr +30.5%	₹254 Cr +198.5%	₹85 Cr -53.0%	₹181 Cr
Net Profit	₹599 Cr -25.1%	₹800 Cr +68.9%	₹474 Cr +88.9%	₹251 Cr -76.2%	₹1,051 Cr +42.5%	₹738 Cr +121.8%	₹333 Cr -9.4%	₹367 Cr
Profit (Owners)	₹599 Cr -25.1%	₹800 Cr +68.9%	₹474 Cr +88.9%	₹251 Cr -76.2%	₹1,051 Cr +42.5%	₹738 Cr +121.8%	₹333 Cr -9.4%	₹367 Cr
Other Comprehensive Income	(₹259 Cr) -41.4%	(₹183 Cr) ↓ Decline	₹350 Cr -63.7%	₹966 Cr ↑ Recovery	(₹14 Cr) ↓ Decline	₹415 Cr ↑ Recovery	(₹623 Cr) -42.9%	(₹436 Cr)
EPS	₹9.65	₹12.89	₹7.63	₹4.04	₹16.94	₹11.89	₹5.36	₹5.92
Diluted Shares	₹62 Cr	₹62 Cr	₹62 Cr	₹62 Cr	₹62 Cr	₹62 Cr	₹62 Cr	₹62 Cr
Profit Or Loss Of Associates	₹42 Cr +4.9%	₹40 Cr +5.1%	₹38 Cr +57.5%	₹24 Cr	₹0.00 Cr -100.0%	₹16 Cr -36.7%	₹26 Cr +82.5%	₹14 Cr