loader2
Partner With Us NRI

Finolex Industries Ltd share Price Today

Company details

204.80
209.15
158.00
259.95
6M Return 19.70%
1Y Return 17.98%
Mkt Cap.(Cr) 12,763.21
Volume 815,341
Div Yield 0.73%
OI
-
OI Chg %
-
Volume 815,341

Open Free Trading Account Online with ICICIDIRECT

Incur '0' Brokerage upto ₹500

Plastic Products company Finolex Industries announced Q2FY24 & H1FY24 results:

1. Financial Highlights:
- Total income from operations for Q2FY24 was Rs 883.15 Cr, a decrease of 6.16% compared to Q2FY23.
- EBITDA stood at Rs 102.98 Cr, showing a significant improvement from the EBITDA loss of Rs 142.67 Cr in Q2FY23.
- Profit after tax (PAT) for Q2FY24 was Rs 93.78 Cr, compared to a loss of Rs 93.92 Cr in Q2FY23.
- Sales volume in the Pipes and Fittings segment increased by 6.24% to 62,914 MT in Q2FY24.

2. Operational Performance:
- Volume in the PVC Resin segment decreased by 30.61% to 37,516 MT in Q2FY24 compared to Q2FY23.
- The volume in the Pipes and Fittings segment grew by 6.24% to 62,914 MT in Q2FY24.

3. Half-Yearly Performance:
- Total income from operations for H1FY24 was Rs 2,062.32 Cr, showing a decrease of 3.22% compared to H1FY23.
- Volume in the Pipes and Fittings segment grew by 18.23% to 1,55,095 MT in H1FY24 compared to H1FY23.
- Volume in the PVC Resin segment decreased by 28.44% to 83,590 MT in H1FY24 compared to H1FY23.
- EBITDA for H1FY24 stood at Rs 255.45 Cr, significantly improving from the EBITDA loss of Rs 16.76 Cr in H1FY23.
- PAT for H1FY24 was Rs 204.66 Cr, compared to Rs 6.17 Cr in H1FY23.

Management Quote (verbatim):
Mr. Prakash P. Chhabria, Executive Chairman, Finolex Industries Limited, said, “Indian economy is displaying continued consumption led growth in both the rural and the urban segments of the country. The pipes and fittings segment which plays an important role in contributing to economic growth has been growing strong on a year-on-year basis. The global PVC prices are near historic lows, which might bolster pipes and fittings demand once prices stabilize."

 

 

Result PDF

View Other Company Results

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 COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 4,903.07 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 18,627.88 33,461.81
LAST 3M 55,364.88 13,143.97
LAST 6M 96,704.70 86,889.39
LAST 12M 161,735.00 130,136.85
Finolex Industries Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Nov 30, 2023 l NSE Announcement

Finolex Industries Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Nov 29, 2023 l NSE Announcement

Date Action Type Ratio
Aug 21, 2023 Dividend 75
Aug 22, 2022 Dividend 100
Aug 22, 2022 Dividend 100

Finolex Industries Ltd Information

Stock PE (TTM)
27.82
Promoter Holding
52.47%
Book Value
90.4152
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.finolex.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) :
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 Dec 05, 2023 03:59 PM the closing price of Finolex Industries Ltd was ₹ 205.70.

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 Dec 05, 2023 03:59 PM, the market cap of Finolex Industries Ltd stood at ₹ 12,763.21.

The latest PE ratio of Finolex Industries Ltd as of Dec 05, 2023 03:59 PM is 27.82

The latest PB ratio of Finolex Industries Ltd as of Dec 05, 2023 03:59 PM is 0.44

The 52-week high of Finolex Industries Ltd is ₹ 259.95 while the 52-week low is ₹ 158.00

Download Our App

market app
market app