Finolex Industries Ltd.
Snapshot View

176.00 -0.90 ▼-0.5%

02 August 2021, 04:00:00 P.M.
Volume: 195,579

Overview View Details

Sector Plastic Products Compare with Sector peers
Industry Plastic Products Compare with Industry peers
Website http://www.finolexwater.com
Financial Indicators
Market Cap 10,904.88 Cr.
Earnings per share (EPS) 13.32 Trailing Twelve Months Ending 2021-06
Price-Earning Ratio (PE) 13.19 Trailing Twelve Months Ending 2021-06
Industry PE 44.00 Trailing Twelve Months Ending 2021-06
Book Value / Share 52.96 Trailing Twelve Months Ending 2021-06
Price to Book Value 3.32 Calculated using Price: 175.75
Dividend Yield 0.46 Period Ending 2020-03
No. of Shares Subscribed 62.05 Cr. 620,476,905 Shares
FaceValue 2
Company Profile

Finolex Industries Limited (FIL), formerly Finolex Pipes Ltd., was incorporated in 1981 and has been in the Plastics business since then. Beginning as a modest rigid PVC (Poly Vinyl Chloride) pipe manufacturer, FIL went on for backward integration and now manufactures PVC resin too.

The company’s manufacturing plants in Pune, Ratnagiri, and Masar house are all the modern-day equipment. Finolex PVC Pipes and Fittings are available in various sizes, pressure classes and diameters making them suitable for diversified applications in both agricultural as well as non-agricultural sectors including housing, industrial and construction. The company has been providing superior quality PVC-U and CPVC Pipes and Fittings, all across the country through its vast direct and indirect retail outlets.

Business area of the company

The company is engaged in the business of manufacturing PVC pipes & fittings and PVC resin. he company's product range includes PVC Resin ,PVC-U Pipes & Fittings, Selfit PVC-U Pipes (for agriculture and potable water supply),Ringfit PVC-U Pipes (for agriculture and potable water supply),Moulded Fittings for Agriculture,Fabricated Fittings for Agriculture,Protector Well Casings and Screens,Underground Sewerage Pipes,Selfit & Ringfit SWR PVC Pipes ,SWR Moulded Fittings,Plumbing Pipes (for domestic plumbing applications),Solvent Cemented Fittings (for domestic plumbing applications),etc. The company is also trading actively in Ethylene Di Chloride and Methanol.These products are used as solvents in the Pharma, Fertilizer, Paints, Lamination, Amines and various other industries in India.

Product portfolio

Agriculture

  • Agriculture Pipes & Fittings
  • Casing Pipes
  • Column Pipes
  • Solvent Cement & Lubricant

Non-agriculture

  • FlowGuard Plus CPVC Pipes & Fittings
  • Plumbing Pipes & Fittings
  • Sewerage Pipes
  • SWR Pipes & Fittings
  • Solvent Cement & Lubricant

Awards

2016-17

  • The company has won Supply Chain Icon of the Year 2017 by Global Logistics Excellence Awards
  • The company has won Water Company of the Year Award by the National CSR Leadership Congress & Awards.

2017-18

  • Finolex Industries Limited and Mukul Madhav Foundation were awarded with the ‘Best CSR Integrated Business under National Excellence for CSR and Sustainability’ at the ‘National CSR Leadership Congress & Awards’, which was held in Bengaluru, Karnataka during September 2017.
  • The company was awarded with the Best CSR Practice and Sustainability Award by ET Now (Feb 2018).

2018-19

  • 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 Limited received the Indywood CSR Excellence Award for “Best CSR practices in Speciality Healthcare” in December 2018. The award was given by Ms. Valeria V. Kolesnik, Head of Russian Cultural Ministry of Cinematography
  • Received Gujarat CSR Excellence Award for best Water conservation and Watershed projects at the hands of Shri Dharmendra Pradhan(Hon. Cabinet Minister of Petroleum and Natural Gas) and Shri Ganpatbhai Vasava ( Minister for Tribal development, Tourism, Forest, Women and Child Welfare) in November 2018.

2019-20

  • Finolex Honoured with Yuva Unstoppable Gratitude Award
  • Punyadham Humanitarian Service Award
  • Pride of Pune Award
  • IEBF Excellence Award - 2019
  • B G Deshmukh Award

History and Milestones

  • 1981: Finolex Industries Limited (FIL) was incorporated and had a modest beginning as a rigid PVC (Poly Vinyl Chloride) pipes manufacturer with a manufacturing plant in Pune.
  • 1985: FIL pioneered the concept of “Ringfit’ pressure pipes.
  • 1994: FIL set up a state of the art PVC Resin plant near Ratnagiri on the West Coast of Maharashtra State. The 130,000 M.T. PVC plant was set up in technical collaboration with Uhde GmbH of Germany and under technology license from Hoechst AG. FIL manufactures suspension PVC as well as emulsion/ paste PVC
  • 1996: FIL became India’s first manufacturer of PVC pipes and fittings to be awarded the ISO 9001: 2000 certification.
  • 1999: FIL also started manufacturing PVC pipes at Ratnagiri to meet its growing demand and introduced ASTM Pipes to cater the need of Plumbing sector
  • 2002: PVC Pipes and PVC Resin plants at Ratnagiri were awarded the IS14001 certificate for Environment Management Systems.
  • 2006: Finolex Industries Ltd., proudly celebrated 25 years of its success and the PVC Resin capacity was expanded from 1,30,000 MT to 2,60,000 MT. Further expanding its product range, FIL launched ASTM fittings to its product portfolio.
  • 2007: FIL introduced Underground Sewerage Pipes as per IS: 15328 - 2003.
  • 2008: Taking a step further with advancement in technology, FIL introduced LEAD FREE Plumbing pipes as per ASTM Standards.
  • 2009: FIL started a brand new state-of-the-art unit for manufacturing agriculture pipes and casing pipes at Urse, Pune with the capacity of 28000 MT p.a.
  • 2012: FIL started a new manufacturing plant at Masar, near Vadodara in Gujarat.
  • 2014: FIL set up a warehouse at Cuttack (Odisha)
  • 2016-17: Company has signed the FlowGuard Processor agreement with Lubrizol Corporation, the world leaders in CPVC resin and compounds since 1959.
  • 2017-18: The company participated in Constro 2018 International Fair at Agricultural Ground in Pune, Maharashtra.
  • 2018-19: Finolex Industries Ltd. alongside CSR partner Mukul Madhav Foundation inaugurated 77 toilets for the tribal residents of Palghar District
  • 2019-20: Finolex Pipes showcased its entire range of Agricultural Pipes to farmers and the Agricultural community attending the event.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-0.51%
1 Week
-0.11%
1 Month
-4.24%
3 Month
+16.33%
6 Month
+37.05%
1 Year
+90.48%
2 Year
+68.92%
5 Year
+90.04%
5 years 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 15.55 17.70 11.35 13.15 13.46
Return on Capital Employed (%) 23.14 25.23 16.88 19.66 16.38
Return on Assets (%) 10.37 12.84 8.92 10.33 9.87

Balance Sheet View Details

Particulars 5 years 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 1,591 2,315 2,795 2,576 1,986
Non Curr. Liab. 208 222 220 241 214
Curr. Liab. 587 459 491 514 691
Minority Int.
Equity & Liab. 2,385 2,997 3,506 3,332 2,891
Non Curr. Assets 1,618 2,267 2,686 2,280 1,667
Curr. Assets 767 729 820 1,051 1,224
Misc. Exp. not W/O
Total Assets 2,385 2,997 3,506 3,332 2,891

Profit Loss View Details

Particulars 5 years 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 2,843 2,602 2,738 3,091 2,986
Other Income 39 23 24 40 33
Total Income 2,882 2,626 2,762 3,132 3,019
Total Expenditure -2,439 -2,039 -2,254 -2,487 -2,541
PBIDT 443 586 508 645 478
Interest -45 -15 -10 -12 -12
Depreciation -51 -55 -61 -70 -74
Taxation -125 -170 -148 -181 -85
Exceptional Items 24 -28
PAT 247 346 290 353 307

Cash Flow View Details

Particulars 5 years 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 569 252 338 391 97
Cash Fr. Inv. -77 35 -162 -228 59
Cash Fr. Finan. -494 -282 -175 -163 -105
Net Change -2 4 1 0 51
Cash & Cash Eqvt 10 6 7 7 57

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 52.47 52.47 52.47 52.47 52.47 52.47 52.47 52.47 52.47
Public 47.53 47.53 47.53 47.53 47.18 47.53 47.53 47.53 47.53
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.00

Announcements View Details

Mon, 02 Aug 2021
Announcement under Regulation 30 (LODR)-Newspaper Publication
Publication of Unaudited Financial Results for the quarter ended 30th June 2021
Fri, 30 Jul 2021
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Intimation of Conference Call on 2nd August 2021. Details as per attached letter
Fri, 30 Jul 2021
Results - Financial Results For The Quarter Ended 30Th June 2021
Unaudited Financial Results for the Quarter ended 30th June 2021 is enclosed

Technical Scans View Details

Mon, 02 Aug 2021
Close Crossing Last Month Close from Above Close Crossing Last Month Close from Above
Opening at High Opening at High
Closing Below Previous Low Closing Below Previous Low
Close Within 52 Week High Zone Close Within 52 Week High Zone
Closing Near 50 SMA Closing Near 50 SMA

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