FINOLEX INDUSTRIES SHARE PRICE

Finolex Industries Ltd. is the largest pipe manufacturer in India. It was incorporated in 1981 with a manufacturing plant in Pune. The company’s headquarters are also in Pune. In June 2022, Finolex Industries Ltd. recorded consolidated quarterly net sales of Rs HYPERLINK "https://www.moneycontrol.com/news/business/earnings/finolex-ind-consolidated-june-2022-net-sales-at-rs-1189-81-crore-up-23-2-y-o-y-8880871.html" 1,189.81 crore, up 23.2% from Rs 965.72 crore in June 2021. The company’s market capitalisation stood at Rs HYPERLINK "https://www.moneycontrol.com/india/stockpricequote/petrochemicals/finolexindustries/FI" 8,574 crore on 8 August 2022.  

The company’s Bombay Stock Exchange listing code is 500940, and the National Stock Exchange listing code is FINPIPE.  

Finolex Industries Ltd.’s product range includes PVC-U pipes and fittings, PVC Resin, Selfit PVC-U pipes, moulded fittings for agriculture, protector well casings and screens, Ringfit PVC-U pipes, underground sewerage pipes, SWR moulded fittings, solvent cement fittings, plumbing pipes, etc. The company also trades in Methanol and Ethylene Dichloride.  

For FY 2021-2022, the company generated total revenue of Rs 4,729.55 crore, up 33.82% from the previous financial year. Its annual revenue growth outperformed its three-year CAGR of 14.57%. The profit after tax was Rs 1,051.34 crore, up 42.50% from Rs 737.79 crore in FY 2020-2021.  

The company’s founder is MrPralhad P Chhabria. Its managing director is Mr Anil Whabi, and the executive chairman is Mr Prakash P Chhabria. The other board members include Ms Bhumika L Batra, Mrs Ritu P Chhabria, Mr Saurabh S Dhanorkar, Mrs Kanchan U Chitale, Mr Pradeep R Rathi, Mr Anami N Roy, Dr Deepak R Parikh, and Mr Saumya Chakrabarti.  

On 30 June 2022, the company’s shareholding pattern indicated a 52.47% promoter stake, 5.69% foreign institutional investor stake, 9.81% domestic institutional investor stake, and 31.68% public stake. During the quarter ended June 2022, mutual funds increased holdings from 9.45% to 9.77%.  

On BSE, Finolex Industries Ltd.’s share price was trending at Rs 138.25 on 8 August 2022. On NSE, the company’s share price was trending at Rs 138. The 52-week low for Finolex Industries Ltd.’s share price was Rs 125, and the 52-week high for the company’s share price was Rs 244.50.  

The company’s peers are Astral Ltd., Prince Pipes & Fittings Ltd., Jain Irrigation Systems Ltd., and Kriti Industries (India) Ltd. 

Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Finolex Industries Ltd. is the largest pipe manufacturer in India. It was incorporated in 1981 with a manufacturing plant in Pune. The company’s headquarters are also in Pune. In June 2022, Finolex Industries Ltd. recorded consolidated quarterly net sales of Rs HYPERLINK "https://www.moneycontrol.com/news/business/earnings/finolex-ind-consolidated-june-2022-net-sales-at-rs-1189-81-crore-up-23-2-y-o-y-8880871.html" 1,189.81 crore, up 23.2% from Rs 965.72 crore in June 2021. The company’s market capitalisation stood at Rs HYPERLINK "https://www.moneycontrol.com/india/stockpricequote/petrochemicals/finolexindustries/FI" 8,574 crore on 8 August 2022.  

The company’s Bombay Stock Exchange listing code is 500940, and the National Stock Exchange listing code is FINPIPE.  

Finolex Industries Ltd.’s product range includes PVC-U pipes and fittings, PVC Resin, Selfit PVC-U pipes, moulded fittings for agriculture, protector well casings and screens, Ringfit PVC-U pipes, underground sewerage pipes, SWR moulded fittings, solvent cement fittings, plumbing pipes, etc. The company also trades in Methanol and Ethylene Dichloride.  

For FY 2021-2022, the company generated total revenue of Rs 4,729.55 crore, up 33.82% from the previous financial year. Its annual revenue growth outperformed its three-year CAGR of 14.57%. The profit after tax was Rs 1,051.34 crore, up 42.50% from Rs 737.79 crore in FY 2020-2021.  

The company’s founder is MrPralhad P Chhabria. Its managing director is Mr Anil Whabi, and the executive chairman is Mr Prakash P Chhabria. The other board members include Ms Bhumika L Batra, Mrs Ritu P Chhabria, Mr Saurabh S Dhanorkar, Mrs Kanchan U Chitale, Mr Pradeep R Rathi, Mr Anami N Roy, Dr Deepak R Parikh, and Mr Saumya Chakrabarti.  

On 30 June 2022, the company’s shareholding pattern indicated a 52.47% promoter stake, 5.69% foreign institutional investor stake, 9.81% domestic institutional investor stake, and 31.68% public stake. During the quarter ended June 2022, mutual funds increased holdings from 9.45% to 9.77%.  

On BSE, Finolex Industries Ltd.’s share price was trending at Rs 138.25 on 8 August 2022. On NSE, the company’s share price was trending at Rs 138. The 52-week low for Finolex Industries Ltd.’s share price was Rs 125, and the 52-week high for the company’s share price was Rs 244.50.  

The company’s peers are Astral Ltd., Prince Pipes & Fittings Ltd., Jain Irrigation Systems Ltd., and Kriti Industries (India) Ltd. 

Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.