Finolex Industries Limited

NSE: FINPIPE · Capital Goods

₹141.95-1.95%06 Nov 2026

Ask the data

Instant answers about Finolex Industries Limited — computed from its filings, no language model

Market cap₹8,777 cr

Current price₹141.95

High / Low₹192 / ₹137

P/E25.4

P/B1.16

Book value₹122.2

ROE4.6%

ROCE10.4%

Debt / equity0.02

Dividend yield2.54%

EPS (TTM)₹5.59

Face value₹2

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 8 periods

	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	3,091	2,986	3,463	4,647	4,397	4,317	4,142	4,113
EBITDA	604	448	989	1,024	293	585	476	679
Operating margin	19.5%	15.0%	28.6%	22.0%	6.7%	13.5%	11.5%	16.5%
Interest	12	12	7	14	27	36	30	21
Depreciation	70	74	78	83	89	116	107	107
Profit before tax	534	392	976	1,385	297	612	1,003	763
Tax	181	85	254	332	71	177	243	206
Net profit	0	333	1,153	0	0	0	0	0
EPS ₹	29.59	26.81	11.89	16.94	4.04	7.66	12.94	9.69
Operating cash flow	—	—	—	622	302	353	383	192
Capex	—	—	—	84	169	86	116	65
Dividend paid	—	—	—	248	248	93	155	223
Total assets	—	—	—	—	6,285	7,058	7,382	7,596
Equity	—	—	—	—	4,903	5,634	6,097	6,215

Quarterly performance

last 31 quarters · ₹ crore

showing latest 8 of 31 periods

	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	964	944	577	699	766	562	586	1,067	1,249	966	1,083	1,005	1,595	1,190	941	1,125	1,141	1,179	883	1,020	1,235	1,140	828	1,001	1,172	1,043	859	898	1,314	884	1,094
Operating profit	146	124	82	138	104	88	145	347	410	210	301	242	265	126	-143	92	217	152	103	120	209	207	11	83	171	94	130	123	332	107	124
Operating margin	15.2%	13.1%	14.2%	19.8%	13.6%	15.7%	24.7%	32.5%	32.8%	21.7%	27.8%	24.1%	16.6%	10.6%	-15.2%	8.2%	19.1%	12.9%	11.7%	11.8%	16.9%	18.1%	1.3%	8.3%	14.6%	9.0%	15.2%	13.7%	25.3%	12.1%	11.4%
Other income	12	6	16	7	1	8	32	18	14	15	29	19	25	25	39	28	29	40	61	35	44	55	83	48	65	65	58	52	36	75	55
Interest	2	1	0	2	9	3	1	2	2	5	0	1	8	11	4	5	6	9	12	8	7	7	7	10	6	6	4	3	8	7	3
Depreciation	18	17	19	19	19	19	19	20	20	20	21	21	22	21	22	22	24	34	27	28	27	26	26	27	27	27	27	26	26	27	28
Profit before tax	139	112	79	125	77	74	156	343	402	200	309	239	636	118	-130	92	216	149	124	120	219	646	60	95	203	126	156	146	334	148	148
Tax	47	40	-19	34	30	21	38	90	106	53	75	61	143	18	-35	25	63	42	35	36	64	146	21	18	59	33	43	41	90	33	35
Net profit	0	73	102	99	59	0	123	259	382	146	233	0	0	99	0	0	0	0	0	0	0	0	0	0	0	98	0	116	0	115	115
EPS ₹	7.36	5.90	8.24	7.94	4.73	4.57	9.90	20.90	4.82	2.35	3.76	2.86	7.98	1.60	-1.54	1.28	2.68	1.86	1.58	1.54	2.67	8.10	0.66	1.52	2.66	1.59	2.00	1.88	4.23	1.85	1.86
Revenue YoY	—	—	—	—	-20.5%	-40.4%	1.6%	52.5%	63.1%	71.8%	84.9%	-5.8%	27.6%	23.2%	-13.1%	11.9%	-28.4%	-0.9%	-6.2%	-9.3%	8.3%	-3.3%	-6.2%	-1.8%	-5.1%	-8.5%	3.7%	-10.3%	12.1%	-15.3%	27.4%
Profit YoY	—	—	—	—	—	-100.0%	20.1%	163.3%	551.7%	—	89.9%	-100.0%	-100.0%	-32.0%	-100.0%	—	—	-100.0%	—	—	—	—	—	—	—	—	—	—	—	16.7%	—

Earlier results (standalone, Sep '07 – Dec '18)

₹ crore · from BSE, before the NSE XBRL filings begin

Finolex Industries Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 10 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†
Revenue	1,699	1,592	2,192	2,257	2,145	2,453	2,476	2,453	2,875	2,831
Operating profit	167	317	236	220	263	397	226	375	554	482
Operating margin	9.9%	19.9%	10.8%	9.8%	12.2%	16.2%	9.1%	15.3%	19.3%	17.0%
Other income	36	19	29	30	33	44	20	39	24	28
Interest	47	47	60	75	51	66	60	45	15	11
Depreciation	58	62	74	76	54	62	59	51	55	61
Profit before tax	-59	174	115	97	190	242	81	344	508	439
Tax	-21	42	39	22	54	72	33	110	164	140
Net profit	-38	132	76	75	136	170	48	234	345	299

Quarters

showing latest 8 of 46 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†	SEP '18†	DEC '18†
Revenue	326	479	501	485	328	463	424	360	293	454	486	531	381	585	695	561	475	628	593	520	381	614	630	563	390	660	840	663	386	643	785	633	467	547	806	673	523	662	1,016	824	475	723	809	828	543	757
Operating profit	39	45	28	42	51	-8	82	104	74	71	68	82	40	77	37	61	34	31	94	14	64	57	128	95	82	118	103	125	44	-11	68	127	52	84	111	159	87	130	179	131	50	114	188	194	125	125
Operating margin	11.9%	9.4%	5.6%	8.6%	15.7%	-1.6%	19.3%	28.9%	25.3%	15.5%	14.1%	15.5%	10.4%	13.1%	5.4%	10.8%	7.2%	5.0%	15.9%	2.7%	16.8%	9.3%	20.3%	16.8%	20.9%	17.9%	12.2%	18.8%	11.5%	-1.7%	8.7%	20.1%	11.2%	15.4%	13.8%	23.7%	16.6%	19.6%	17.6%	15.8%	10.4%	15.8%	23.2%	23.4%	23.0%	16.5%
Other income	19	5	4	5	5	3	22	4	6	4	6	3	10	5	11	2	9	4	16	2	16	11	4	19	17	1	6	5	9	1	5	3	14	4	19	3	9	3	9	4	11	10	3	14	12	17
Interest	9	7	14	16	12	9	10	16	17	6	8	14	15	16	15	17	20	19	19	16	14	13	8	14	12	19	22	27	11	12	10	16	16	8	4	5	3	6	1	3	4	0	3	5	3	2
Depreciation	14	14	15	15	15	15	13	15	15	16	16	19	19	19	18	18	19	20	18	14	14	13	13	15	15	18	15	15	15	15	14	12	13	13	13	13	14	14	14	14	15	15	16	16	17	20
Profit before tax	34	29	3	16	-29	-94	48	70	20	17	66	24	24	53	15	23	4	-4	73	-14	52	42	111	32	39	92	79	71	21	-64	52	102	62	67	113	144	79	113	173	117	42	109	172	158	118	121
Tax	11	8	2	4	-8	-33	15	22	7	6	6	8	8	17	6	6	0	-2	17	-0	12	12	31	9	12	28	23	21	8	-20	24	32	20	24	35	46	27	41	50	37	13	39	51	55	41	42
Net profit	24	22	1	12	-22	-61	33	48	13	11	60	16	16	36	9	17	4	-2	56	-14	40	31	79	23	27	64	56	50	14	-44	28	70	42	43	78	98	51	72	123	80	28	70	121	103	76	79
EPS ₹	1.93	1.74	0.10	0.95	-1.75	-4.91	2.66	3.86	1.08	0.91	4.81	1.28	1.28	2.87	0.71	1.35	0.32	-0.14	4.53	-1.11	—	2.47	6.39	1.82	2.21	5.15	4.53	4.05	1.10	-3.53	2.23	5.66	3.37	3.46	6.32	7.90	4.14	5.80	9.93	6.43	2.28	5.60	9.75	8.32	6.16	6.34
Revenue YoY	—	—	—	—	0.4%	-3.4%	-15.4%	-25.8%	-10.5%	-1.9%	14.7%	47.7%	29.8%	28.9%	43.1%	5.7%	24.8%	7.3%	-14.7%	-7.3%	-19.8%	-2.2%	6.2%	8.4%	2.4%	7.4%	33.4%	17.6%	-1.0%	-2.6%	-6.6%	-4.4%	21.0%	-14.9%	2.7%	6.2%	12.1%	21.1%	26.2%	22.5%	-9.2%	9.1%	-20.4%	0.4%	14.2%	4.7%
Profit YoY	—	—	—	—	-191.0%	-382.4%	2630.6%	307.7%	—	—	80.8%	-66.8%	18.5%	213.8%	-85.3%	5.0%	-74.7%	-104.9%	540.0%	-182.3%	893.0%	—	41.2%	—	-31.3%	108.7%	-29.2%	121.6%	-50.0%	-168.6%	-50.7%	40.0%	205.5%	—	183.5%	39.5%	22.5%	67.4%	57.1%	-18.6%	-44.9%	-3.3%	-1.9%	29.5%	170.2%	13.1%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 28 periods

	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	—	—	—	—	—	—	—	—	—	—	—	2.5%	2.5%	2.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	1.6%	1.7%	3.6%	3.4%	3.7%	4.6%
ROCE	—	—	—	—	—	—	—	—	—	—	—	22.7%	19.0%	6.0%	6.5%	9.9%	10.4%	10.8%	19.0%	15.0%	14.7%	16.3%	8.1%	10.2%	11.0%	11.8%	12.1%	10.4%
Net margin	8.6%	11.1%	10.0%	10.7%	14.8%	22.1%	23.5%	23.4%	17.7%	8.1%	6.8%	2.1%	2.0%	2.2%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	2.4%	2.4%	5.4%	5.2%	5.8%	8.3%
EBITDA margin	15.4%	15.0%	15.8%	18.2%	22.9%	28.6%	28.7%	29.0%	27.0%	21.9%	19.2%	10.4%	7.0%	6.7%	7.3%	13.0%	14.0%	13.5%	14.9%	12.9%	12.1%	11.4%	8.9%	11.7%	13.0%	16.5%	17.5%	16.4%
Debt / equity	—	—	—	—	—	—	—	—	—	—	—	0.01	0.01	0.11	0.11	0.11	0.11	0.07	0.07	0.05	0.05	0.04	0.04	0.00	0.00	0.07	0.07	0.02
Interest coverage	87.77	33.96	25.81	30.12	44.78	128.07	121.25	143.57	147.40	99.33	64.09	36.18	25.85	11.91	14.16	18.61	18.13	17.80	33.54	37.74	34.12	34.84	17.96	23.29	34.20	38.07	36.75	38.00
Asset turnover	—	—	—	—	—	—	—	—	—	—	—	0.99	1.01	0.70	0.70	0.61	0.59	0.61	0.61	0.50	0.50	0.56	0.55	0.60	0.59	0.54	0.52	0.47

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 9 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	124	124	124	124	124	124	124	124	124
Other equity / reserves	3,771	4,779	5,486	5,511	6,663	5,973	5,790	6,091	7,430
Total equity	3,894	4,903	5,610	5,634	6,787	6,097	5,913	6,215	7,554
Borrowings	27	526	591	382	351	221	10	437	137
Current liabilities	695	1,136	1,165	1,104	1,132	978	598	1,120	877
Non-current liabilities	210	246	342	320	475	307	265	261	455
Total assets	4,799	6,285	7,117	7,058	8,393	7,382	6,777	7,596	8,887
Property, plant & equipment	985	1,038	1,029	1,041	1,012	987	1,001	1,006	990
Capital work-in-progress	31	44	60	19	26	73	41	28	23
Investments	2,464	3,947	4,697	4,586	6,011	4,910	4,406	4,969	6,153
Inventories	699	673	712	728	628	782	749	1,026	880
Receivables	272	298	329	458	352	379	325	362	323
Cash & equivalents	11	9	16	2	15	44	23	31	5

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY25	FY26
Cash from operations	622	302	353	383	192
Cash from investing	-440	-288	-83	8	-156
Cash from financing	-190	-29	-277	-349	-49
Capex	84	169	86	116	65
Free cash flow	538	133	267	267	127
Dividends paid	248	248	93	155	223

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹990 cr11%

CWIP

₹23 cr0%

Investments

₹6,153 cr69%

Inventories

₹880 cr10%

Receivables

₹323 cr4%

Cash & equivalents

₹5 cr0%

Other assets

₹513 cr6%

Peer comparison

largest in Capital Goods · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Hindustan Aeronautics Ltd.	3,33,052	4,980.00	35.7	8.12	22.7%
Bharat Electronics Ltd.	2,89,468	396.00	45.2	11.02	24.4%
Tata Motors Ltd.	1,56,797	425.50	24.8	10.26	41.3%
Bharat Heavy Electricals Ltd.	1,45,828	418.80	50.7	5.45	10.8%
ABB India Ltd.	1,43,541	6,774.00	55.7	15.37	27.6%
Siemens Ltd.	1,26,736	3,560.00	28.2	8.02	28.4%
Hitachi Energy India Ltd.	1,23,988	27,800.00	107.8	23.95	22.2%
CG Power and Industrial Solutions Ltd.	1,21,786	773.00	89.1	13.94	15.6%
Polycab India Ltd.	1,18,610	7,871.00	37.6	9.06	24.1%
Cummins India Ltd.	1,12,233	4,048.80	49.8	13.52	27.1%
Finolex Industries Limited	8,777	141.95	25.4	1.16	4.6%

StoxGud checklist: Bearish setup · 3/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-7.8%

6 months-20.0%

1 year-25.7%

3Y CAGR-9.2%

5Y CAGR-8.9%

10Y CAGR+4.8%

50-day avg₹151.23

200-day avg₹167.24

RSI (14)33

FAQs

What is the share price of Finolex Industries Limited?

Finolex Industries Limited (FINPIPE) closed at ₹141.95 on NSE on 06 Nov 2026.

What is the market cap of Finolex Industries Limited?

₹8,777 crore at the latest close.

What is the P/E ratio of Finolex Industries Limited?

25.4, on trailing-twelve-month earnings from its filings.

How fast is Finolex Industries Limited growing?

Finolex Industries Limited: revenue has compounded at -2.2% a year over three years. Latest-quarter revenue is up 27.4% year on year.

How profitable is Finolex Industries Limited?

On a trailing-twelve-month basis return on equity is 4.6%, return on capital employed 10.4%, operating margin 16.4%, net margin 8.3%.

How much debt does Finolex Industries Limited have?

Finolex Industries Limited is debt-free: debt to equity is 0.02 with borrowings of ₹137 cr against cash of ₹5 cr (balance sheet of 2026-09-30). Operating profit covers interest 38.0 times.

Financials parsed from Finolex Industries Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '19, annual from FY19, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.