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Finolex Industries Ltd Performance

Today's Low
247.30
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Today's High
256.90
52 Wk Low
161.50
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52 Wk High
264.80


Open

256.9

Traded Value (Cr)

25.71 Cr

Prev. Close

258.6

VWAP

251.52

Volume

25,67,977

Face Value

2

Finolex Industries Ltd Fundamentals

Market Cap
₹ 15,710 Cr
P/E Ratio (TTM)
33.05
P/B Ratio
2.80
Debt to Equity
0.11
ROE
8.19 %
EPS (TTM)
7.66
Dividend Yield
0.59%
Book Value
90.42

Click here to know more about Fundamentals

Finolex Industries Ltd Financials

Finolex Industries Ltd Financials

Finolex Industries Ltd Shareholding Pattern

Held By Dec 2023 Sep 2023 Jun 2023 Mar 2023
Promoters 52.47 % 52.47 % 52.47 % 52.47 %
Retail 22.83 % 22.45 % 24.14 % 24.07 %
Mutual Funds 11.36 % 11.54 % 11.29 % 11.70 %
Others 6.90 % 6.88 % 6.29 % 6.25 %
FII 6.45 % 6.67 % 5.81 % 5.51 %

Promoters

52.47%

Retail

22.83%

Mutual Funds

11.36%

Others

6.90%

FII

6.45%

Promoters

52.47%

Retail

22.45%

Mutual Funds

11.54%

Others

6.88%

FII

6.67%

Promoters

52.47%

Retail

24.14%

Mutual Funds

11.29%

Others

6.29%

FII

5.81%

Promoters

52.47%

Retail

24.07%

Mutual Funds

11.70%

Others

6.25%

FII

5.51%

Resistance and Support

₹260.07

PIVOT

resistance-arrow
Resistance
First Resistance₹263.333
Second Resistance₹268.067
Third Resistance₹271.333
support-arrow
Support
First Resistance₹255.333
Second Resistance₹252.067
Third Resistance₹247.333
RSI71.180
MACD17.216
ADX36.121
CCI50.036

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day2,567,977506,93148.99
Week1,208,005451,79537.91
1 Month1,610,065625,18042.88
6 Months2,567,977700,77427.29

About Finolex Industries Ltd

Finolex Industries Ltd (formerly Finolex Pipes Ltd) was incorporated in 28 March 1981. The Company offer a wide range of PVC pipes and fittings suitable for applications in agriculture, plumbing and sanitation. With state-of-the-art manufacturing facilities in Maharashtra and Gujarat, it has a pipes and fittings production capacity of 4,00,000 metric tons per annum and a PVC resin manufacturing capacity of 2,72,000 MT per annum. It has a widespread presence throughout the country, with a network of over 21,000 retail outlets ably supported by more than 900 dealers and sub-dealers. Presently, the Company is engaged in business of manufacturing PVC Pipes & Fittings and PVC Resin. The Company is India's largest and only backward integrated PVC Pipes and Fittings manufacturer. It entered into a technical collaboration with UHDE, Germany, for licensing and technical know-how of Hoechst's process for manufacturing PVC resin and providing basic engineering. During the year 1999-2000, the company commissioned their new PVC extruded, rigid pipes plant at Ratnagiri in Maharashtra. Also, they commissioned an additional EDC cracker during the year. During the year 2001-02, they divested their two shares of Rs 10 each in Finolex Polymers Ltd. Consequently, Finolex Polymers Ltd ceased to be the subsidiary of the company. During the year 2003-04, the company signed License and Technical Service Agreement with Oxy Vinyl, USA. They signed Technical agreement with Aker Kvaerner Netherlands for Basic Engineering and Design Development for the VCM plant. Also, for Detailed Engineering Site Supervision, Procurement, Management etc for the PVC Plant, they signed with Udhe India Ltd. During the year 2005-06, the company signed a Letter of Intent with I M Skaugen ASA, Norway for carrying out a study for viability and cost effectiveness of the planned LNG Supply Chain intended to be set up in India. In February 2006, PVC expansion project commenced production of PVC resin. During the year 2006-07, the company expanded their PVC Pipes capacity from 65,000 MT to 85,000 MT. Also, they acquired 20 acres of land at Urse for setting up of a new plant for manufacturing of PVC Pipes. In May 2008, the new plant for manufacture of PVC pipes at Urse became operational and the installed capacity for manufacturing of PVC pipes reached 100000 MT per annum. During the financial year 2012-13, Finolex Industries commissioned a state-of-the-art PVC pipes manufacturing plant at Masar in Vadodara with an initial capacity of 30,000 tons per annum (tpa). During the year, the company's aggregate capacity of PVC pipes and fittings crossed 2 lakh tpa.During the financial year 2013-14, Finolex Industries increased capacity at its PVC pipes plant at Masar, Vadodara from 30,000 tpa to 50,000 tpa. During the year, the company started consuming captive power at its plant in Pune. On 6 November 2014, Finolex Industries announced that the company is planning to increase its capacity of PVC pipes and fittings plants by about 40% to 3.2 lakh tonnes through an additional capital expenditure of Rs 90 crore spread over three years. During the financial year 2015-16, Finolex Industries added 30,000 MT capacity of pipes and fittings spread across its three plants, taking total installed capacity to 2.8 lakh MTPA. During the financial year 2016-17, Finolex Industries tied-up with the American company Lubrizol Corporation, inventors and the largest manufacturers of the CPVC compound worldwide. The agreement is for supply of CPVC compound for the production and sale of Finolex FlowGuard Plus pipes and fittings in India, mainly catering to the building and construction industry. The tie-up will strengthen the company's track record of providing superior products for the domestic market. During the financial year 2017-18, 40,000 MT capacity was added to PVC pipes & fittings and with this addition, the total capacity of PVC pipes and fittings stands at 330,000 MTPA. The sales volume for PVC pipes & fittings was 252,036 MT for the financial year ended 31st March, 2018 as against 2,09,419 MT for the financial year ended 31st March, 2017. During the financial year 2018-19, 40,000 MT capacity was added to PVC pipes & fittings and with this addition, the total capacity of PVC pipes & fittings stands at 370,000 MTPA. The sales volume for PVC pipes & fittings was 262,858 MT for the financial year ended 31 March 2019 as against 252,036 MTPA for the financial year ended 31 March 2018. The company bagged the Brand Leadership award given to Finolex Industries at the 'Pune Best Brand Awards in Real Estate Sector' by the 'Global Real Estate Congress' in October 2018. Finolex Industries received the Indywood CSR Excellence Award for 'Best CSR practices in Speciality Healthcare' in December 2018. The total capacity of PVC pipes & fittings stands at 3,70,000 MTPA. The sales volume for PVC pipes & fittings was 2,54,958.25 MT for the financial year ended 31 March 2020 as against 2,62,858 MT for the financial year ended 31 March 2019. The Company's factories which had to suspend operations temporarily from the 23 March 2020, due to Government's directives relating to the Novel Corona Virus causing Covid 19, have resumed operations in phased manner at different plants from 29 April 2020 onwards in accordance with the guidelines and norms prescribed by the Government authorities. During the period 2022-23, Company commenced commercial operations of PVC fittings at a new state-of-the-art manufacturing facility at Talegaon, Pune (Maharashtra) with effect from March 12, 2023.

Managing Director

Anil V Whabi

Founded

1981

NSE Symbol

FINPIPE

Finolex Industries Ltd Management

NameDesignation
Anil V WhabiManaging Director
Prakash P ChhabriaExecutive Chairman
BHUMIKA BATRAIndependent Director
Saumya ChakrabartiDirector (Technical)
Ritu P ChhabriaNon-Exec & Non-Independent Dir
Kanchan ChitaleIndependent Director
S S DhanorkarNon-Exec & Non-Independent Dir
Pradeep R RathiIndependent Director
Deepak ParikhIndependent Director
A N RoyIndependent Director
Ajit VenkataramanManaging Director

Finolex Industries Ltd News

Volumes jump at Finolex Industries Ltd counter
Finolex Industries Ltd saw volume of 10.4 lakh shares by 10:47 IST on BSE, a 20.16 fold spurt over two-week average daily volume of 51596 shares
Finolex Industries consolidated net profit rises 19.94% in the December 2023 quarter
Sales decline 9.34% to Rs 1019.69 crore
Finolex Industries announces change in Chief Information Officer
Finolex Industries reports consolidated net profit of Rs 97.96 crore in the September 2023 quarter
Sales decline 6.16% to Rs 883.15 crore
Finolex Industries to discuss results
On 21 October 2023
Finolex Industries receives affirmation in credit ratings
Finolex Industries AGM scheduled
On 28 August 2023
Finolex Inds rises as Q1 PAT grows 11% YoY to Rs 111 cr
Finolex Industries added 1.66% to Rs 183.90 after the company reported 10.78% rise in standalone net profit to Rs 110.88 crore in Q1 FY24 as compared to Rs 100.09 crore in Q1 FY23.
Finolex Industries consolidated net profit rises 16.24% in the June 2023 quarter
Sales decline 0.89% to Rs 1179.17 crore
Finolex Industries to conduct board meeting
On 19 July 2023

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Finolex Industries Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Finolex Industries Ltd shares in BlinkX

The share price of any stock is volatile and changes during the day due to a variety of variables. Finolex Industries Ltd's share price is ₹248.50 as of April 12, 2024

Finolex Industries Ltd's P/E ratio is 33.05 times as of April 12, 2024.

Finolex Industries Ltd's most recent financial reports indicate a price-to-book ratio of 2.80, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Finolex Industries Ltd's market is 15,710 Cr as on April 12, 2024.

The current financial records of Finolex Industries Ltd show a 8.19% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

The 52-week high/low price of a Finolex Industries Ltd stock is the highest and lowest price at which it has traded over that period (about one year) and is used as a technical indicator. Finolex Industries Ltd's 52-week high and low as of April 12, 2024 are ₹256.9 and ₹247.3 respectively.

As of the Dec 2023 quarter, the promoter shareholding in Finolex Industries Ltd stands at 52.47%. During the same period, Institutional Investors have shown a slight decrease in their holdings, dropping from 6.67% to 6.45%.