Finolex Industries Limited manufactures and sells polyvinyl chloride (PVC) pipes and fittings, and PVC resins in India.
Finolex Industries Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||₹226.40|
|52 Week High||₹100.43|
|52 Week Low||₹268.00|
|1 Month Change||18.10%|
|3 Month Change||29.56%|
|1 Year Change||112.74%|
|3 Year Change||109.84%|
|5 Year Change||144.49%|
|Change since IPO||3,421.00%|
Recent News & Updates
|500940||IN Chemicals||IN Market|
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.
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
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
|500940 fundamental statistics|
Is 500940 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|500940 income statement (TTM)|
|Cost of Revenue||₹21.25b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Oct 30, 2021
|Earnings per share (EPS)||13.32|
|Net Profit Margin||21.38%|
How did 500940 perform over the long term?See historical performance and comparison
0.9%Current Dividend Yield
Is Finolex Industries undervalued compared to its fair value and its price relative to the market?
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).
How is Finolex Industries forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
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%).
How has Finolex Industries performed over the past 5 years?
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.
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).
What is Finolex Industries's current dividend yield, its reliability and sustainability?
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).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Sanjay Math (66 yo)
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.
Experienced Board: 500940's board of directors are considered experienced (3.3 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Finolex Industries Limited's employee growth, exchange listings and data sources
- 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
- Finolex Industries Limited
- D-1/10, M.I.D.C
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/25 16:39|
|End of Day Share Price||2021/10/25 00:00|
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.