Finolex Industries Limited

NSEI:FINPIPE Stock Report

Market Cap: ₹150.5b

Finolex Industries Valuation

Is FINPIPE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of FINPIPE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FINPIPE (₹251.55) is trading above our estimate of fair value (₹117.22)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FINPIPE?

Key metric: As FINPIPE is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for FINPIPE. This is calculated by dividing FINPIPE's market cap by their current earnings.
What is FINPIPE's PE Ratio?
PE Ratio19.4x
Earnings₹8.02b
Market Cap₹150.53b

Price to Earnings Ratio vs Peers

How does FINPIPE's PE Ratio compare to its peers?

The above table shows the PE ratio for FINPIPE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average32x
500870 Castrol India
21.7x9.5%₹190.8b
500165 Kansai Nerolac Paints
34.3x11.7%₹208.4b
PCBL PCBL Chemical
33.9x23.4%₹164.8b
500655 Garware Hi-Tech Films
38xn/a₹116.6b
FINPIPE Finolex Industries
19.4x-0.5%₹150.5b

Price-To-Earnings vs Peers: FINPIPE is good value based on its Price-To-Earnings Ratio (19.4x) compared to the peer average (32x).

Price to Earnings Ratio vs Industry

How does FINPIPE's PE Ratio compare vs other companies in the IN Chemicals Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ZUARI Zuari Agro Chemicals
5xn/aUS$101.30m
NAGAFERT Nagarjuna Fertilizers and Chemicals
0.3xn/aUS$64.12m
UNIVPHOTO Universus Photo Imagings
2.7xn/aUS$28.13m
526773 Pressure Sensitive Systems (India)
0.7xn/aUS$8.16m
FINPIPE 19.4xIndustry Avg. 31.1xNo. of Companies39PE020406080100+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FINPIPE is good value based on its Price-To-Earnings Ratio (19.4x) compared to the Indian Chemicals industry average (31.1x).

Price to Earnings Ratio vs Fair Ratio

What is FINPIPE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FINPIPE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.4x
Fair PE Ratio22.5x

Price-To-Earnings vs Fair Ratio: FINPIPE is good value based on its Price-To-Earnings Ratio (19.4x) compared to the estimated Fair Price-To-Earnings Ratio (22.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst FINPIPE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹251.55
₹307.33
+22.2%
11.7%₹375.00₹260.00n/a15
Dec ’25₹268.45
₹301.38
+12.3%
13.8%₹375.00₹212.00n/a16
Nov ’25₹305.55
₹300.50
-1.7%
13.9%₹375.00₹212.00n/a16
Oct ’25₹278.30
₹314.00
+12.8%
14.3%₹381.00₹212.00n/a16
Sep ’25₹311.85
₹314.00
+0.7%
14.3%₹381.00₹212.00n/a16
Aug ’25₹314.20
₹311.81
-0.8%
15.5%₹381.00₹212.00n/a16
Jul ’25₹332.60
₹278.47
-16.3%
12.2%₹345.00₹212.00n/a15
Jun ’25₹311.55
₹269.47
-13.5%
11.8%₹320.00₹212.00n/a15
May ’25₹266.45
₹242.93
-8.8%
9.0%₹281.00₹210.00n/a15
Apr ’25₹249.05
₹243.07
-2.4%
9.0%₹281.00₹210.00n/a14
Mar ’25₹223.15
₹243.07
+8.9%
9.0%₹281.00₹210.00n/a14
Feb ’25₹220.40
₹243.07
+10.3%
9.0%₹281.00₹210.00n/a14
Jan ’25₹210.85
₹220.71
+4.7%
11.9%₹250.00₹150.00n/a14
Dec ’24₹205.10
₹219.13
+6.8%
11.9%₹250.00₹150.00₹268.4515
Nov ’24₹190.85
₹218.36
+14.4%
12.3%₹250.00₹150.00₹305.5514
Oct ’24₹224.00
₹208.83
-6.8%
12.1%₹245.00₹150.00₹278.3012
Sep ’24₹248.05
₹208.23
-16.1%
11.7%₹245.00₹150.00₹311.8513
Aug ’24₹197.20
₹206.50
+4.7%
11.9%₹245.00₹150.00₹314.2014
Jul ’24₹175.80
₹202.00
+14.9%
11.8%₹245.00₹150.00₹332.6014
Jun ’24₹173.00
₹210.33
+21.6%
7.3%₹245.00₹193.00₹311.5512
May ’24₹167.50
₹188.07
+12.3%
18.6%₹245.00₹109.00₹266.4514
Apr ’24₹170.60
₹188.29
+10.4%
18.6%₹245.00₹109.00₹249.0514
Mar ’24₹167.80
₹188.29
+12.2%
18.6%₹245.00₹109.00₹223.1514
Feb ’24₹168.70
₹166.93
-1.1%
20.3%₹245.00₹109.00₹220.4014
Jan ’24₹187.30
₹164.07
-12.4%
19.3%₹245.00₹109.00₹210.8514
Dec ’23₹158.00
₹163.71
+3.6%
19.2%₹245.00₹109.00₹205.1014

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/31 13:22
End of Day Share Price 2024/12/31 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Finolex Industries Limited is covered by 25 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullAnand Rathi Shares and Stock Brokers Limited
Rishab BothraAnand Rathi Shares and Stock Brokers Limited
null nullAntique Stockbroking Ltd.