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5009

Finolex IndustriesBSE:500940 Stock Report

Market Cap

₹140.5b

7D

-1.2%

1Y

112.7%

Updated

25 Oct, 2021

Data

Company Financials +
500940 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance6/6
Financial Health6/6
Dividends4/6

500940 Overview

Finolex Industries Limited manufactures and sells polyvinyl chloride (PVC) pipes and fittings, and PVC resins in India.

Finolex Industries Competitors

DCW

NSEI:DCW

₹12.3b

Reliance Industries

NSEI:RELIANCE

₹16.5t

Astral

BSE:532830

₹430.0b

DCM Shriram

BSE:523367

₹149.5b

Price History & Performance

Summary of all time highs, changes and price drops for Finolex Industries
Historical stock prices
Current Share Price₹226.40
52 Week High₹100.43
52 Week Low₹268.00
Beta0.53
1 Month Change18.10%
3 Month Change29.56%
1 Year Change112.74%
3 Year Change109.84%
5 Year Change144.49%
Change since IPO3,421.00%

Recent News & Updates

Shareholder Returns

500940IN ChemicalsIN Market
7D-1.2%-10.1%-4.6%
1Y112.7%63.2%61.7%

Return vs Industry: 500940 exceeded the Indian Chemicals industry which returned 63.6% over the past year.

Return vs Market: 500940 exceeded the Indian Market which returned 61% over the past year.

Price Volatility

Is 500940's price volatile compared to industry and market?
500940 volatility
500940 Beta0.53
Industry Beta0.65
Market Beta1

Stable Share Price: 500940 is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 500940's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19561,377Sanjay Mathhttps://www.finolexpipes.com

Finolex Industries Limited manufactures and sells polyvinyl chloride (PVC) pipes and fittings, and PVC resins in India. It operates in two segments, PVC and PVC Pipes and Fittings. The company offers agriculture pipes and fittings; column pipes; casing pipes; solvent cement and lubricants; ASTM plumbing pipes and fittings; chlorinated PVC pipes and fittings; SWR pipes and fittings; sewerage pipes; and solvent cement lubricant and primer.

Finolex Industries Fundamentals Summary

How do Finolex Industries's earnings and revenue compare to its market cap?
500940 fundamental statistics
Market Cap₹140.48b
Earnings (TTM)₹8.27b
Revenue (TTM)₹38.67b

17.0x

P/E Ratio

3.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
500940 income statement (TTM)
Revenue₹38.67b
Cost of Revenue₹21.25b
Gross Profit₹17.42b
Expenses₹9.15b
Earnings₹8.27b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 30, 2021

Earnings per share (EPS)13.32
Gross Margin45.04%
Net Profit Margin21.38%
Debt/Equity Ratio6.5%

How did 500940 perform over the long term?

See historical performance and comparison

Dividends

0.9%

Current Dividend Yield

15%

Payout Ratio

Valuation

Is Finolex Industries undervalued compared to its fair value and its price relative to the market?

16.99x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 500940 (₹226.4) is trading above our estimate of fair value (₹93.38)

Significantly Below Fair Value: 500940 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 500940 is good value based on its PE Ratio (17x) compared to the Indian Chemicals industry average (18.6x).

PE vs Market: 500940 is good value based on its PE Ratio (17x) compared to the Indian market (21.2x).


Price to Earnings Growth Ratio

PEG Ratio: 500940's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: 500940 is overvalued based on its PB Ratio (4.5x) compared to the IN Chemicals industry average (2.3x).


Future Growth

How is Finolex Industries forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

-2.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 500940's earnings are forecast to decline over the next 3 years (-2.6% per year).

Earnings vs Market: 500940's earnings are forecast to decline over the next 3 years (-2.6% per year).

High Growth Earnings: 500940's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 500940's revenue (4.6% per year) is forecast to grow slower than the Indian market (13.1% per year).

High Growth Revenue: 500940's revenue (4.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 500940's Return on Equity is forecast to be low in 3 years time (15.6%).


Past Performance

How has Finolex Industries performed over the past 5 years?

19.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 500940 has high quality earnings.

Growing Profit Margin: 500940's current net profit margins (21.4%) are higher than last year (12.1%).


Past Earnings Growth Analysis

Earnings Trend: 500940's earnings have grown by 19.6% per year over the past 5 years.

Accelerating Growth: 500940's earnings growth over the past year (161.4%) exceeds its 5-year average (19.6% per year).

Earnings vs Industry: 500940 earnings growth over the past year (161.4%) exceeded the Chemicals industry 45.2%.


Return on Equity

High ROE: 500940's Return on Equity (26.3%) is considered high.


Financial Health

How is Finolex Industries's financial position?


Financial Position Analysis

Short Term Liabilities: 500940's short term assets (₹19.9B) exceed its short term liabilities (₹9.4B).

Long Term Liabilities: 500940's short term assets (₹19.9B) exceed its long term liabilities (₹2.2B).


Debt to Equity History and Analysis

Debt Level: 500940's debt to equity ratio (6.5%) is considered satisfactory.

Reducing Debt: 500940's debt to equity ratio has reduced from 10.3% to 6.5% over the past 5 years.

Debt Coverage: 500940's debt is well covered by operating cash flow (461.6%).

Interest Coverage: 500940's interest payments on its debt are well covered by EBIT (117.9x coverage).


Balance Sheet


Dividend

What is Finolex Industries's current dividend yield, its reliability and sustainability?

0.88%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 500940's dividend (0.88%) is higher than the bottom 25% of dividend payers in the Indian market (0.34%).

High Dividend: 500940's dividend (0.88%) is low compared to the top 25% of dividend payers in the Indian market (1.41%).


Stability and Growth of Payments

Stable Dividend: 500940's dividend payments have been volatile in the past 10 years.

Growing Dividend: 500940's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (15%), 500940's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 500940's dividends in 3 years are forecast to be well covered by earnings (33.8% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.3yrs

Average board tenure


CEO

Sanjay Math (66 yo)

4.83yrs

Tenure

₹67,000,000

Compensation

Mr. Sanjay Shankar Math has been Managing Director of Finolex Industries Limited since December 1, 2016 and has been its Whole-Time Director since February 4, 2012 and joined in December 13, 2011. Mr. Math...


CEO Compensation Analysis

Compensation vs Market: Sanjay's total compensation ($USD892.92K) is above average for companies of similar size in the Indian market ($USD425.15K).

Compensation vs Earnings: Sanjay's compensation has increased by more than 20% in the past year.


Board Members

Experienced Board: 500940's board of directors are considered experienced (3.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Finolex Industries Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Finolex Industries Limited
  • Ticker: 500940
  • Exchange: BSE
  • Founded: 1956
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: ₹140.476b
  • Shares outstanding: 620.48m
  • Website: https://www.finolexpipes.com

Number of Employees


Location

  • Finolex Industries Limited
  • D-1/10, M.I.D.C
  • Chinchwad
  • Pune
  • Maharashtra
  • 411019
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 16:39
End of Day Share Price2021/10/25 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.