About
Finolex Industries Limited manufactures and sells polyvinyl chloride (PVC) pipes and fittings, and PVC resins in India. It operates in two segments, PVC Resin and PVC Pipes and Fittings. The company offers agriculture pipes and fittings; column pipes; casing pipes; and solvent cement and lubricants. It also provides plumbing and sanitation pipes and fitting, such as ASTM pipes and fittings; CPVC pipes and fittings; SWR pipes and fittings; sewerage pipes; and solvent cement, lubricant, and primer. The company distributes its products through dealers and retailers. Finolex Industries Limited was founded in 1956 and is based in Pune, India.
Key Metrics
as of Sep 2026Market Cap9,843 Cr
P/E16.00
Div Yield1.26 %
Book Value₹100.00
52w High₹223.00
52w Low₹147.00
Face Value₹2.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 884.00 | 1,314.00 | 898.00 | 859.00 | 1,043.00 | 1,172.00 | 1,001.00 | 828.00 | 1,140.00 | 1,235.00 | 1,020.00 | 883.00 | 1,179.00 |
| Expenses | 777.00 | 982.00 | 775.00 | 729.00 | 950.00 | 1,001.00 | 918.00 | 818.00 | 934.00 | 1,026.00 | 900.00 | 780.00 | 1,027.00 |
| Operating Profit | 107.00 | 332.00 | 123.00 | 130.00 | 94.00 | 171.00 | 83.00 | 11.00 | 207.00 | 209.00 | 120.00 | 103.00 | 152.00 |
| OPM % | 12.00 | 25.00 | 14.00 | 15.00 | 9.00 | 15.00 | 8.00 | 1.30 | 18.00 | 17.00 | 12.00 | 12.00 | 13.00 |
| Other Income | 76.00 | 53.00 | 63.00 | 68.00 | 69.00 | 85.00 | 66.00 | 85.00 | 472.00 | 54.00 | 47.00 | 70.00 | 48.00 |
| Depreciation | 27.00 | 26.00 | 26.00 | 27.00 | 27.00 | 27.00 | 27.00 | 26.00 | 26.00 | 27.00 | 28.00 | 27.00 | 34.00 |
| Interest | 7.00 | 8.00 | 3.00 | 4.00 | 6.00 | 6.00 | 10.00 | 7.00 | 7.00 | 7.00 | 8.00 | 12.00 | 9.00 |
| Profit before tax | 148.00 | 351.00 | 157.00 | 166.00 | 131.00 | 223.00 | 112.00 | 62.00 | 646.00 | 229.00 | 132.00 | 133.00 | 157.00 |
| Tax % | 23.00 | 26.00 | 26.00 | 26.00 | 25.00 | 26.00 | 16.00 | 34.00 | 23.00 | 28.00 | 27.00 | 27.00 | 26.00 |
| Net Profit | 115.00 | 261.00 | 116.00 | 124.00 | 98.00 | 165.00 | 94.00 | 41.00 | 501.00 | 165.00 | 95.00 | 98.00 | 115.00 |
| EPS in Rs | 1.85 | 4.21 | 1.87 | 1.99 | 1.58 | 2.65 | 1.52 | 0.66 | 8.07 | 2.66 | 1.54 | 1.58 | 1.86 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,113.00 | 4,142.00 | 4,317.00 | 4,397.00 | 4,647.00 | 3,462.00 | 2,985.00 | 3,091.00 | 2,738.00 | 2,602.00 | 2,482.00 |
| Expenses | 3,435.00 | 3,666.00 | 3,732.00 | 4,105.00 | 3,624.00 | 2,472.00 | 2,536.00 | 2,487.00 | 2,253.00 | 2,039.00 | 2,075.00 |
| Operating Profit | 679.00 | 476.00 | 585.00 | 293.00 | 1,023.00 | 990.00 | 448.00 | 604.00 | 484.00 | 563.00 | 407.00 |
| OPM % | 16.00 | 12.00 | 14.00 | 7.00 | 22.00 | 29.00 | 15.00 | 20.00 | 18.00 | 22.00 | 16.00 |
| Other Income | 254.00 | 703.00 | 218.00 | 145.00 | 457.00 | 87.00 | 55.00 | 26.00 | 40.00 | 32.00 | 71.00 |
| Interest | 21.00 | 30.00 | 36.00 | 27.00 | 14.00 | 7.00 | 11.00 | 12.00 | 10.00 | 15.00 | 45.00 |
| Depreciation | 107.00 | 107.00 | 116.00 | 89.00 | 83.00 | 78.00 | 74.00 | 70.00 | 61.00 | 55.00 | 51.00 |
| Profit before tax | 805.00 | 1,043.00 | 651.00 | 321.00 | 1,383.00 | 992.00 | 418.00 | 548.00 | 454.00 | 525.00 | 383.00 |
| Tax % | 26.00 | 23.00 | 27.00 | 22.00 | 24.00 | 26.00 | 20.00 | 33.00 | 33.00 | 32.00 | 33.00 |
| Net Profit | 599.00 | 800.00 | 474.00 | 251.00 | 1,051.00 | 738.00 | 333.00 | 367.00 | 306.00 | 355.00 | 258.00 |
| EPS in Rs | 9.65 | 12.89 | 7.63 | 4.04 | 16.94 | 11.89 | 5.36 | 5.92 | 4.94 | 5.72 | 4.15 |
| Dividend Payout % | 28.00 | 28.00 | 33.00 | 37.00 | 24.00 | 34.00 | 37.00 | 34.00 | 41.00 | 40.00 | 48.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 124.00 | 124.00 | 124.00 | 124.00 | 124.00 | 124.00 | 124.00 | 124.00 | 124.00 | 124.00 | 124.00 |
| Reserves | 6,091.00 | 5,973.00 | 5,511.00 | 4,779.00 | 3,804.00 | 3,015.00 | 1,862.00 | 2,452.00 | 2,671.00 | 2,191.00 | 1,466.00 |
| Borrowings | 446.00 | 237.00 | 394.00 | 541.00 | 278.00 | 204.00 | 283.00 | 90.00 | 101.00 | 94.00 | 212.00 |
| Other Liabilities | 935.00 | 1,048.00 | 1,030.00 | 841.00 | 1,140.00 | 951.00 | 623.00 | 666.00 | 610.00 | 588.00 | 583.00 |
| Total Liabilities | 7,596.00 | 7,382.00 | 7,058.00 | 6,285.00 | 5,345.00 | 4,294.00 | 2,891.00 | 3,332.00 | 3,506.00 | 2,997.00 | 2,385.00 |
| Fixed Assets | 1,017.00 | 1,008.00 | 1,055.00 | 1,055.00 | 993.00 | 1,002.00 | 1,017.00 | 951.00 | 884.00 | 855.00 | 850.00 |
| CWIP | 28.00 | 73.00 | 19.00 | 44.00 | 9.00 | 8.00 | 7.00 | 90.00 | 90.00 | 22.00 | 7.00 |
| Investments | 4,969.00 | 4,910.00 | 4,586.00 | 3,952.00 | 2,718.00 | 1,679.00 | 656.00 | 1,362.00 | 1,607.00 | 1,264.00 | 854.00 |
| Other Assets | 1,581.00 | 1,391.00 | 1,398.00 | 1,234.00 | 1,625.00 | 1,604.00 | 1,211.00 | 929.00 | 925.00 | 856.00 | 675.00 |
| Total Assets | 7,596.00 | 7,382.00 | 7,058.00 | 6,285.00 | 5,345.00 | 4,294.00 | 2,891.00 | 3,332.00 | 3,506.00 | 2,997.00 | 2,385.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 192.00 | 383.00 | 353.00 | 308.00 | 622.00 | 941.00 | 106.00 | 391.00 | 338.00 | 252.00 | 569.00 |
| Cash from Investing Activity | -156.00 | 8.00 | -83.00 | -294.00 | -440.00 | -877.00 | 49.00 | -228.00 | -162.00 | 35.00 | -77.00 |
| Cash from Financing Activity | -49.00 | -349.00 | -277.00 | -29.00 | -190.00 | -90.00 | -105.00 | -163.00 | -175.00 | -282.00 | -494.00 |
| Net Cash Flow | -13.00 | 42.00 | -6.00 | -15.00 | -8.00 | -26.00 | 51.00 | 0.00 | 1.00 | 4.00 | -2.00 |
| Free Cash Flow | 133.00 | 268.00 | 267.00 | 140.00 | 918.00 | 876.00 | 46.00 | 289.00 | 166.00 | 157.00 | 538.00 |
| CFO/OP % | 53.00 | 122.00 | 85.00 | 128.00 | 94.00 | 116.00 | 49.00 | 94.00 | 95.00 | 76.00 | 156.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 32.00 | 33.00 | 39.00 | 25.00 | 26.00 | 16.00 | 9.00 | 9.00 | 6.00 | 7.00 | 3.00 |
| Inventory Days | 159.00 | 108.00 | 99.00 | 81.00 | 132.00 | 176.00 | 164.00 | 120.00 | 128.00 | 128.00 | 100.00 |
| Days Payable | 57.00 | 61.00 | 39.00 | 35.00 | 60.00 | 84.00 | 44.00 | 55.00 | 52.00 | 52.00 | 55.00 |
| Cash Conversion Cycle | 134.00 | 80.00 | 98.00 | 71.00 | 98.00 | 108.00 | 129.00 | 74.00 | 81.00 | 83.00 | 48.00 |
| Working Capital Days | 32.00 | 20.00 | 13.00 | -6.00 | 17.00 | 22.00 | 39.00 | 33.00 | 32.00 | 28.00 | 0.00 |
| ROCE % | 12.00 | 9.00 | 11.00 | 7.00 | 27.00 | 36.00 | 17.00 | 21.00 | 17.00 | 25.00 | — |
Corporate Actions
27 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 04 Sep 2025 | 05 Sep 2025 | — | 1.60 | NSE/BSE dividend mismatch: BSE/NSE=2.0; BSE/NSE=1.6 |
| Dividend | 04 Sep 2025 | 05 Sep 2025 | — | 2.00 | NSE/BSE dividend mismatch: BSE/NSE=2.0; BSE/NSE=1.6 |
| Dividend | 11 Sep 2024 | — | — | 2.50 | |
| Dividend | 21 Aug 2023 | — | — | 1.50 | |
| Dividend | 22 Aug 2022 | — | — | 2.00 | |
| Dividend | 14 Sep 2021 | — | — | 2.00 | |
| Split | 15 Apr 2021 | 16 Apr 2021 | 10:2 | — | |
| Dividend | 09 Mar 2020 | 11 Mar 2020 | — | 10.00 | |
| Dividend | 12 Sep 2019 | — | — | 10.00 | |
| Dividend | 19 Sep 2018 | — | — | 10.00 | |
| Dividend | 27 Jul 2017 | — | — | 11.50 | |
| Dividend | 28 Jul 2016 | — | — | 2.50 | NSE/BSE dividend mismatch: NSE=10.0; BSE=7.5; BSE=2.5 |
| Dividend | 28 Jul 2016 | — | — | 7.50 | NSE/BSE dividend mismatch: NSE=10.0; BSE=7.5; BSE=2.5 |
| Dividend | 28 Jul 2016 | — | — | 10.00 | NSE/BSE dividend mismatch: NSE=10.0; BSE=7.5; BSE=2.5 |
| Dividend | 20 Aug 2015 | — | — | 2.00 | |
| Dividend | 08 Sep 2014 | — | — | 7.00 | |
| Dividend | 29 Aug 2013 | — | — | 5.50 | |
| Dividend | 12 Jul 2012 | — | — | 3.00 | |
| Dividend | 29 Jun 2011 | — | — | 3.00 | |
| Dividend | 29 Jul 2010 | — | — | 3.00 | |
| Dividend | 13 Aug 2009 | — | — | 1.00 | |
| Dividend | 06 Aug 2008 | — | — | 3.00 | NSE/BSE dividend mismatch: NSE=0.6; BSE=3.0 |
| Dividend | 06 Aug 2008 | — | — | 0.60 | NSE/BSE dividend mismatch: NSE=0.6; BSE=3.0 |
| Dividend | 13 Jun 2007 | — | — | 0.60 | |
| Other | 13 Jun 2006 | — | — | — | Agm/Div Fin-15% + Spl-15% |
| Dividend | 13 Jun 2005 | — | — | 0.60 | |
| Dividend | 29 Oct 2001 | — | — | 1.50 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update8 May from crisil
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Rating update13 Mar from fitch
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Rating update7 Feb 2025 from crisil
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Rating update16 Dec 2024 from fitch
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Rating update10 Nov 2023 from crisil
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Rating update25 Sep 2023 from fitch
Conference Calls
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