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Finolex Industries share price & results

Finolex Industries Limited· Capital Goods· Industrials

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

India's leading PVC pipes & fittings maker, backward-integrated into captive PVC resin production.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue884 ₹ crore−15.2% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin12.0 %+3.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit107 ₹ crore+10.3% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity10.01 %+5.5 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin3.23 %−3.2 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)-2.20 %+3.4 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

4 of 5 judged targets kept · 6 open · verdicts reflect calls analysed to Q1 FY27.

Finolex Industries Limited management guidance track record on Inve: 11 targets tracked across analysed earnings calls (4 achieved, 1 missed, 6 open).

TargetOriginal wordingSaidLatest callVerdict
Agri/Non-Agri Revenue Mix50-50 in next 3-4 years
Call transcript, Q3 FY25 · 10 Feb 2025		Q3 FY25Q1 FY27:The specific agri/non-agri mix for the quarter was not disclosed.
Call transcript, Q1 FY27 · 7 Aug 2026		On Track
FY27 Volume GrowthHigher single-digit to lower double-digit
Call transcript, Q4 FY26 · 3 Jun 2026		Q4 FY26Q1 FY27:Q1 FY27 volume declined 27% YoY, a significant deviation from the full-year target of 'higher single-digit to lower double-digit' growth.
Call transcript, Q1 FY27 · 7 Aug 2026		At Risk
FY26 EBITDA Margin14%+
Call transcript, Q4 FY25 · 26 May 2025		Q4 FY25Q4 FY26:Full year FY26 EBITDA margin was 16.5%, significantly exceeding both the revised target of 12% and the original target of 14%+.
Call transcript, Q4 FY26 · 3 Jun 2026		Achieved

Source: Inve Guidance Tracker for Finolex Industries Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

1 of Finolex Industries Limited's 11 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 8 more targets are in the full ledger.

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Price

₹141.91 −0.34% · −₹0.49

Last close 26 Oct 2026 · NSE · INR · Source: Inve

Performance −24.9% 1Y

₹140₹160₹180Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 10 Nov 2025Q3 FY26 — 2 Feb 2026Q4 FY26 — 3 Jun 2026Q1 FY27 — 7 Aug 2026

1Y: ₹189.07 on 24 Oct 2025 → ₹141.91. High ₹191.93 (27 May 2026), low ₹141.91 (26 Oct 2026).

Previous close
₹142.4
Market cap
₹8.8k Cr
52-week range
₹141.91 – ₹191.93
One year
−25.38%
Price to earnings (TTM to Jun 2026)
14.29×
Return on equity (TTM to Jun 2026)
10.01%

Overview

Symbol
NSE:FINPIPE
Industry
Industrials
Exchange
NSE
Currency
INR

What Finolex Industries Limited does

Based on the company's own presentations, annual report and earnings calls.

Finolex Industries Limited manufactures and sells PVC pipes and fittings for plumbing, sanitation, agriculture, sewerage and infrastructure applications under the Finolex Pipes & Fittings brand. It is backward-integrated, producing its own PVC resin (partly captively consumed, partly sold externally) from imported raw materials (EDC, ethylene, VCM) landed at its own jetty in Ratnagiri. Products reach customers through a large pan-India dealer and retailer network serving construction and agricultural end-markets.

Segments

  • PVC Pipes & Fittings
  • PVC Resin
Manufacturing facilities
4 plants (Ratnagiri, Urse, Masar, Badhalwadi) across Maharashtra & Gujarat
Installed PVC pipes & fittings capacity
520,000 MT/annum
Installed PVC resin capacity
272,000 MT/annum
Retailer/dealer network
38,000+ retailers pan-India
Branch offices
8 (New Delhi, Ahmedabad, Kolkata, Indore, Hyderabad, Bengaluru, Chennai, Coimbatore)
Captive power plant
43 MW
Founded 1981Headquarters Pune, Maharashtra, IndiaEmployees 1,499 (FY2024-25) Company website

How the price took the results

close before → close after

Q1 FY27
−4.0%
7 Aug
Q4 FY26
−0.2%
3 Jun
Q3 FY26
−0.0%
2 Feb
Q2 FY26
+1.9%
10 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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