Finolex Industries Ltd

Finolex Inds. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Finolex Industries Ltd

₹ 205 -0.58%
01 Dec 11:35 a.m.
finolexpipes.com BSE: 500940 NSE : FINPIPE
About

Finolex Industries Limited (FIL) is a leading manufacturer of PVC Resin and the largest producer of PVC Pipes & Fittings in India. The Company offers the latest range of superior quality and durable PVC-U pipes and fittings used in agriculture, construction and industrial operations. Its product portfolio consists of two major divisions:
PVC Resin
PVC Pipes & Fittings [1]

Key Points

Intro[1]
FIL is amongst the largest players in domestic PVC resin and pipe segments, with the second largest capacity in the domestic PVC pipes industry. FIL is the only large vertically integrated player in the domestic market with in-house production of PVC resin, the major raw material used in pipe manufacturing. Intergroup transfer of raw material accounted for 90% of revenue from the PVC resin segment in FY23, vs 11% in FY08.

Website BSE NSE
  • Market Cap ₹ 12,738 Cr.
  • Current Price ₹ 205
  • High / Low ₹ 260 / 157
  • Stock P/E 29.3
  • Book Value ₹ 89.0
  • Dividend Yield 0.73 %
  • ROCE 6.13 %
  • ROE 4.88 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 32.3%

Cons

  • The company has delivered a poor sales growth of 9.94% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Plastic products Industry: Plastics Products

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
586 1,066 1,249 966 1,083 1,005 1,595 1,190 941 1,125 1,141 1,179 883
441 720 839 756 783 763 1,330 1,064 1,084 1,033 924 1,027 780
Operating Profit 145 346 410 210 300 242 265 126 -143 92 217 152 103
OPM % 25% 32% 33% 22% 28% 24% 17% 11% -15% 8% 19% 13% 12%
32 18 14 15 32 19 401 25 39 28 29 40 63
Interest 1 1 2 5 0 1 8 11 4 5 6 9 12
Depreciation 19 20 20 20 21 21 22 21 22 22 24 34 27
Profit before tax 157 343 402 200 310 239 636 118 -129 92 216 149 126
Tax % 24% 25% 26% 27% 24% 26% 22% 15% 27% 22% 27% 26% 25%
120 256 297 147 235 178 494 100 -94 72 158 111 94
EPS in Rs 1.93 4.12 4.79 2.37 3.79 2.87 7.96 1.61 -1.51 1.16 2.55 1.79 1.51
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
2,100 2,145 2,453 2,476 2,482 2,602 2,738 3,091 2,985 3,462 4,647 4,397 4,328
1,882 1,785 2,056 2,264 2,075 2,039 2,253 2,487 2,536 2,472 3,623 4,105 3,763
Operating Profit 218 359 397 212 407 563 484 604 448 990 1,025 293 565
OPM % 10% 17% 16% 9% 16% 22% 18% 20% 15% 29% 22% 7% 13%
29 -63 -27 -2 62 24 25 14 30 72 458 121 160
Interest 75 51 66 70 45 15 10 12 11 7 14 27 33
Depreciation 76 54 62 59 51 55 61 70 74 78 83 89 108
Profit before tax 97 190 242 81 373 517 439 536 393 977 1,385 297 583
Tax % 22% 28% 30% 41% 32% 32% 32% 35% 18% 25% 24% 20%
75 136 170 48 254 352 299 350 324 728 1,053 237 435
EPS in Rs 1.21 2.19 2.74 0.77 4.10 5.68 4.81 5.64 5.22 11.73 16.98 3.81 7.01
Dividend Payout % 50% 50% 51% 52% 49% 41% 42% 35% 38% 34% 24% 39%
Compounded Sales Growth
10 Years: 7%
5 Years: 10%
3 Years: 14%
TTM: -9%
Compounded Profit Growth
10 Years: 1%
5 Years: -6%
3 Years: -13%
TTM: 13%
Stock Price CAGR
10 Years: 21%
5 Years: 13%
3 Years: 18%
1 Year: 31%
Return on Equity
10 Years: 16%
5 Years: 16%
3 Years: 16%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 124 124 124 124 124 124 124 124 124 124 124 124 124
Reserves 538 597 666 663 1,446 2,167 2,640 2,404 1,806 2,949 3,740 4,701 5,399
1,042 839 713 637 212 94 101 90 283 204 278 541 605
379 440 433 435 567 570 589 655 603 930 1,119 817 875
Total Liabilities 2,083 2,001 1,936 1,859 2,349 2,955 3,455 3,273 2,815 4,207 5,261 6,182 7,003
784 880 905 868 850 855 884 951 1,017 1,002 993 1,055 1,045
CWIP 85 51 32 10 7 22 90 90 7 8 9 44 60
Investments 493 360 221 180 817 1,222 1,555 1,303 580 1,592 2,633 3,844 4,582
721 711 777 801 675 856 925 929 1,211 1,604 1,625 1,239 1,315
Total Assets 2,083 2,001 1,936 1,859 2,349 2,955 3,455 3,273 2,815 4,207 5,261 6,182 7,003

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
155 274 245 212 569 252 338 391 106 941 622 302
-324 62 110 18 -77 35 -162 -228 49 -877 -440 -288
171 -356 -344 -239 -494 -282 -175 -163 -105 -90 -190 -29
Net Cash Flow 2 -20 12 -9 -2 4 1 -0 51 -26 -8 -15

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 8 7 6 7 3 7 6 9 9 16 26 25
Inventory Days 78 124 112 113 100 128 128 120 164 176 132 81
Days Payable 31 47 25 40 55 52 52 55 44 84 60 35
Cash Conversion Cycle 55 84 93 80 48 83 81 74 129 108 98 71
Working Capital Days 49 38 49 54 17 41 45 44 73 44 39 38
ROCE % 10% 19% 23% 11% 24% 25% 17% 21% 16% 36% 27% 6%

Shareholding Pattern

Numbers in percentages

Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
52.47% 52.47% 52.47% 52.47% 52.47% 52.47% 52.47% 52.47% 52.47% 52.47% 52.47% 52.47%
2.28% 2.73% 2.87% 4.31% 5.74% 5.81% 5.69% 5.59% 5.40% 5.51% 5.81% 6.66%
12.89% 11.84% 11.56% 10.67% 9.84% 9.49% 9.82% 9.80% 11.61% 12.25% 11.87% 12.14%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.01% 0.01% 0.01% 0.01%
32.01% 32.61% 32.76% 32.20% 31.61% 31.88% 31.68% 31.76% 30.15% 29.39% 29.48% 28.37%
0.35% 0.35% 0.34% 0.34% 0.34% 0.34% 0.34% 0.34% 0.34% 0.34% 0.34% 0.34%
No. of Shareholders 1,15,8871,25,0691,69,6481,90,4172,25,0442,72,2822,75,0602,84,3472,48,0952,38,4042,31,9132,18,094

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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