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Finolex Industries Ltd share Price Today

Company details

331.00
338.00
170.05
355.90
6M Return 57.00%
1Y Return 94.24%
Mkt Cap.(Cr) 20,627.76
Volume 501,937
Div Yield 0.75%
OI
-
OI Chg %
-
Volume 501,937

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Plastic Products company Finolex Industries announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Total income from operations was up 8.27% to Rs 1,235.42 crore for Q4FY24 against Rs 1,141.06 crore in Q4FY23.
  • Volume in Pipes & Fittings segment increased by 22.98% to 1,00,171 MT in Q4FY24 against 81,452 MT in Q4FY23.
  • Volume in PVC Resin segment was up 19.07% to 69,215 MT in Q4FY24 against 58,132 MT in Q4FY23.
  • EBITDA stood at Rs 208.93 crore for Q4FY24, down 3.91% compared to the EBITDA of Rs 217.43 crore for Q4FY23.
  • PAT increased by 1.95% to Rs 161.43 crore in Q4FY24 against Rs 158.35 crore in Q4FY23.

FY24 Financial Highlights:

  • Total income from operations was Rs 4,317.43 crore for FY24 – down 1.81% against Rs 4,397.05 crore in FY23.
  • Volume in Pipes & Fittings segment grew 11.07% to 3,36,577 MT in FY24 against 3,03,026 MT in FY23.
  • Volume in Resin segment decreased by 17.98% to 1,96,542 MT in FY2024 against 2,39,638 MT in FY 23
  • EBITDA for FY24 stood at Rs 584.85 crore for FY24 against Rs 292.54 crore for FY23.
  • Profit after tax increased to Rs 455.30 crore in FY24 compared to Rs 236.59 crore in FY23.

Commenting on the quarterly results, Prakash P. Chhabria, Executive Chairman, Finolex Industries Limited said, “PVC prices remained stable during the second half of the year, leading to a healthy demand. Our operating performance during the year has been robust and with the company’s increased focus on the plumbing and sanitation segment, the same is expected to improve further.”

Result PDF

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Finolex Industries Ltd shares SWOT Analysis

Strengths (8)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Strong Annual EPS Growth
  • Growth in Net Profit with increasing Profit Margin (QoQ)

Weakness (1)

  • MFs decreased their shareholding last quarter

Opportunity (1)

  • RSI indicating price strength

Threats (1)

  • High PE (PE > 40)

Resistance and support

R1 336.6
R2 340.8
R3 343.6
Pivot

333.82

S1 329.6
S2 326.8
S3 322.6
EMA SMA
324.0
296.4
270.2
243.7
324.5
290.5
257.0
237.0
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-10-11 139.85 775493 BSE
ISHARES MSCI INDIA SMALL-CAP ETF Block Purchase 2022-10-11 139.85 108207 BSE
ISHARES CORE EMERGING MARKETS MAURITIUS CO Block Sell 2022-10-11 139.85 775493 BSE
Name Category Shares
FINOLEX CABLES LTD PROMOTER 32.39%
ORBIT ELECTRICALS PRIVATE LIMITED PROMOTER 18.8%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Finolex Industries Ltd Stocks COMPARISON

Financials( in Cr) Finolex Industries Ltd Supreme Industries Ltd Astral Ltd Safari Industries (India) Ltd Responsive Industries Ltd
Price 332.45 6,039.55 2,269.45 2,085.15 315.85
% Change -1 -0.27 1.49 1.97 -1.34
Mcap Cr 20,627.76 76,718.59 60,963.55 10,168.65 8,420.85
Revenue TTM Cr 4,397.05 10,134.26 5,158.50 1,211.98 973.66
Net Profit TTM Cr 250.70 1,069.72 472.50 125.09 24.44
PE TTM 43.56 74.25 111.62 57.90 52.21
1 Year Return 94.24 101.03 13.08 44.98 78.35
ROCE 6.42 29.36 25.53 37.54 4.60
ROE 5.13 22.49 18.73 34.43 2.48
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 4,903.07 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 32,317.57 -2,589.17
LAST 3M 111,725.82 -36,230.77
LAST 6M 182,653.52 -16,910.03
LAST 12M 290,144.87 98,834.05

Finolex Industries Ltd Information

Stock PE (TTM)
43.56
Promoter Holding
52.47%
Book Value
90.8123
ROCE
6.42%
ROE
5.13%
Description
  • 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.

Registered Address

Gat No 399 Village Urse, Taluka Maval, Pune, Maharashtra, 410506

Tel : 91-02114-237251
Email : investors:finolexind.com
Website : http://www.finolexwater.com
Registrar

Finolex Industries Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 500940
NSE Code : FINPIPE
Book Closure Date (Month) : Aug
BSE Group : A
ISIN : INE183A01024

FAQ’s on Finolex Industries Ltd Shares

You can buy Finolex Industries Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Finolex Industries Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 14, 2024 03:57 PM the closing price of Finolex Industries Ltd was Rs.332.45.

The latest PE ratio of Finolex Industries Ltd as of Jun 14, 2024 03:57 PM is 43.56

The latest PB ratio of Finolex Industries Ltd as of Jun 14, 2024 03:57 PM is 0.27

The 52-week high of Finolex Industries Ltd share price is Rs. 355.90 while the 52-week low is Rs. 170.05

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 Jun 14, 2024 03:57 PM, the market cap of Finolex Industries Ltd stood at Rs. 20,627.76.

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