Finolex Industries Ltd
Finolex Industries Ltd (FINPIPE)

Finolex Industries Ltd (FINPIPE)

₹143.153.54%

Key Stats

₹138.45
Day's Price Range
₹144.4
₹125
52-Week Price Range
₹244.5
1 Month Return4.41 %
3 Month Return-1.11 %
1 Year Return-16.5 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 69
8.15
EPS
Rank 108
₹16.95
BVPS
Rank 399
₹10.11
Dividend Yield
Rank 27
3.14%
ROE
Rank 32
29.11%
Price To Book Ratio
Rank 280
13.66
Debt To Asset
Rank 446
0.26

Company Information

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 diverse applications in agriculture housing and telecommunication. They are having their manufacturing facilities Pune and Ratnagiri in Maharashtra and Masar in Gujarat. The company has a widespread presence throughout the country with a wide network of over 18000 retail outlets ably supported by more than 850 dealers and subdealers. The Company is engaged in business of manufacturing PVC pipes fittings manufacturing of PVC resin and power generation. The company has two subsidiaries namely Finolex Plasson Industries Pvt Ltd and Pawas Port Ltd.The company is the largest PVC pipe manufacturer in the country. The company entered into a technical collaboration with UHDE Germany for licensing and technical knowhow of Hoechsts process for manufacturing PVC resin and providing basic engineering. During the year 19992000 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 200102 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 200304 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 200506 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 200607 the company expanded their PVC Pipes capacity from 65000 MT to 85000 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 201213 Finolex Industries commissioned a stateoftheart PVC pipes manufacturing plant at Masar in Vadodara with an initial capacity of 30000 tons per annum tpa. During the year the companys aggregate capacity of PVC pipes and fittings crossed 2 lakh tpa.During the financial year 201314 Finolex Industries increased capacity at its PVC pipes plant at Masar Vadodara from 30000 tpa to 50000 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 201516 Finolex Industries added 30000 MT capacity of pipes and fittings spread across its three plants taking total installed capacity to 2.8 lakh MTPA.During the financial year 201617 Finolex Industries tiedup 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 tieup will strengthen the companys track record of providing superior products for the domestic market.During the financial year 201718 40000 MT capacity was added to PVC pipes fittings and with this addition the total capacity of PVC pipes and fittings stands at 330000 MTPA. The sales volume for PVC pipes fittings was 252036 MT for the financial year ended 31st March 2018 as against 209419 MT for the financial year ended 31st March 2017. During the financial year 201819 40000 MT capacity was added to PVC pipes fittings and with this addition the total capacity of PVC pipes fittings stands at 370000 MTPA. The sales volume for PVC pipes fittings was 262858 MT for the financial year ended 31 March 2019 as against 252036 MTPA for the financial year ended 31March 2018.The company bagged theBrand 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 370000 MTPA. The sales volume for PVC pipes fittings was 254958.25 MT for the financial year ended 31 March 2020 as against 262858 MT for the financial year ended 31 March 2019.The Companys factories which had to suspend operations temporarily from the 23 March 2020 due to Governments 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.In November 2019 the company received IEBF Excellence Award 2019. In March 2020 Finolex honoured with Yuva Unstoppable Gratitude Award. The company also bagged Punyadham Humanitarian Service Award.
OrganisationFinolex Industries Ltd
HeadquartersPune
IndustryPlastic products