Finolex Industries Limited

Capital Goods · Industrial Products

NSE: FINPIPE BSE: 500940

₹151.48

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Industrial Products

The largest companies in the same industry by market cap. This company ranks #34 of 335. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Cummins India Limited	131,947	57.8	27.9%	23.7%	1.39%	84	0	27
Polycab India Limited	120,900	43.0	22.3%	9.2%	0.59%	83	27	61
Welspun Corp Limited	71,672	81.9	17.2%	217.6%	0.18%	71	0	53
APL Apollo Tubes Limited	60,810	105.9	22.7%	26.5%	—	68	0	51
Supreme Industries Limited	43,837	46.5	15.5%	-17.6%	—	76	0	49
KEI Industries Limited	42,590	42.7	13.8%	10.4%	0.10%	70	29	61
Astral Limited	36,816	56.6	13.2%	-0.4%	—	76	12	12
AIA Engineering Limited	36,106	27.9	15.8%	19.1%	0.41%	71	29	61
Finolex Industries Limited (this stock)	9,399	15.8	9.6%	-24.0%	—	66	83	46

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹9,805 Cr

EV / EBITDA

10.7x

EV / Sales

2.48x

Market cap / Sales

2.38x

Earnings yield

6.31%

Quarterly Financials

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Standalone Consolidated

↓ Negative

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 959 Cr, down 13.4% YoY.

↑ Positive

Quarterly Net Profit

Jun 2026 quarterly net profit is Rs 107 Cr, up 10.8% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	884	148	107	₹1.7400
March 31, 2026	1,314	334	254	₹4.1100
Dec. 31, 2025	898	146	110	₹1.7800
Sept. 30, 2025	859	158	119	₹1.9300
June 30, 2025	1,043	126	97	₹1.5700
March 31, 2025	1,172	203	150	₹2.4300
Dec. 31, 2024	1,001	95	71	₹
Sept. 30, 2024	828	62	51	₹0.8300
June 30, 2024	1,140	646	505	₹8.1700
March 31, 2024	1,235	219	161	₹2.6100
Dec. 31, 2023	1,020	120	89	₹1.4400
Sept. 30, 2023	883	126	94	₹1.5200
June 30, 2023	1,179	149	111	₹1.7900

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23
Total income (before exceptional items)	959	1,350	950	918	1,108	1,236	913	1,195	1,279	1,055	946	1,219	1,170
Operating revenue	884	1,314	898	859	1,043	1,172	828	1,140	1,235	1,020	883	1,179	1,141
Other income	75	36	52	60	65	65	84	55	44	35	63	40	29
Operating expenses	777	982	775	729	950	1,001	818	934	1,026	900	780	1,027	924
Operating profit	107	332	123	130	94	171	11	207	209	120	103	152	217
Operating profit margin	12.1%	25.3%	13.7%	15.2%	9.0%	14.6%	1.3%	18.1%	16.9%	11.8%	11.7%	12.9%	19.1%
Depreciation	27	26	26	27	27	27	26	26	27	28	27	34	24
Interest	7	8	3	4	6	6	7	7	7	8	12	9	6
Exceptional items, gain / (loss)	—	—	—	—	—	—	—	417	—	—	—	—	—
Profit before tax	148	334	146	158	126	203	62	646	219	120	126	149	216
Tax	40	80	36	39	29	53	10	141	57	31	32	38	58
Net profit	107	254	110	119	97	150	51	505	161	89	94	111	158
EPS	1.74	4.11	1.78	1.93	1.57	2.43	0.83	8.17	2.61	1.44	1.52	1.79	2.55
Net profit (TTM)	591	580	476	418	804	868	807	850	455	452	435	247	237
EPS (TTM)	9.56	9.39	7.71	6.76	13.00	14.04	13.05	13.74	7.36	7.30	7.02	3.99	3.81

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	4,113	765	580
March 31, 2025	4,142	1,005	778
March 31, 2024	4,317	613	455
March 31, 2023	4,397	297	237

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	-1.4%	4.1%	4,327^†	—	4,499^†	4,518^†	4,738^†	3,537^†	3,017^†	3,147^†	2,859^†	2,899^†
Operating revenue	-2.2%	3.5%	4,113	4,142	4,317	4,397	4,648^†	3,464^†	2,986^†	3,091^†	2,831^†	2,875^†
Other income	—	—	213^†	—	182^†	121^†	89^†	72^†	31^†	56^†	28^†	24^†
Operating expenses	—	—	3,435^†	—	3,733^†	4,104^†	3,631^†	2,474^†	2,538^†	2,501^†	2,349^†	2,306^†
Operating profit	32.3%	-7.3%	679^†	—	584^†	293^†	1,018^†	990^†	448^†	590^†	482^†	569^†
Operating profit margin	—	—	16.5%^†	—	13.5%^†	6.7%^†	21.9%^†	28.6%^†	15.0%^†	19.1%^†	17.0%^†	19.8%^†
Depreciation	—	—	107^†	—	116^†	89^†	83^†	78^†	74^†	70^†	61^†	55^†
Interest	—	—	21^†	—	36^†	27^†	14^†	8^†	12^†	12^†	11^†	15^†
Exceptional items, gain / (loss)	—	—	0^†	—	0^†	0^†	376^†	0^†	0^†	-28^†	0^†	0^†
Profit before tax	37.0%	-4.8%	765	1,005	613	297	1,385^†	977^†	393^†	536^†	439^†	508^†
Tax	—	—	184^†	—	158^†	61^†	332^†	249^†	69^†	186^†	140^†	164^†
Net profit	34.9%	-4.4%	580	778	455	237	1,053^†	728^†	324^†	350^†	299^†	345^†
EPS	35.1%	-25.0%	9.39^†	—	7.36^†	3.81^†	16.98^†	39.50^†	26.12^†	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	16.5%^†	—	13.5%^†	6.7%^†	21.9%^†	28.6%^†	15.0%^†	19.1%^†	17.0%^†	19.8%^†
EBIT margin	19.1%^†	—	15.1%^†	7.4%^†	30.1%^†	28.4%^†	13.6%^†	17.7%^†	15.9%^†	18.2%^†
PBT margin	18.6%	24.3%	14.2%	6.8%	29.8%^†	28.2%^†	13.2%^†	17.3%^†	15.5%^†	17.7%^†
Net margin	14.1%	18.8%	10.5%	5.4%	22.7%^†	21.0%^†	10.9%^†	11.3%^†	10.5%^†	12.0%^†
Interest coverage	38.16x^†	—	17.83x^†	11.93x^†	99.40x^†	128.19x^†	34.04x^†	44.96x^†	42.70x^†	34.14x^†
Dividend payout	—	—	—	—	—	—	—	—	—	—
Earnings retention	—	—	—	—	—	—	—	—	—	—
Current ratio	3.54x	3.56x	—	—	—	—	—	—	—	—
Quick ratio	2.63x	2.75x	—	—	—	—	—	—	—	—
Debt to equity	0.07x	0.04x	—	—	—	—	—	—	—	—
Return on equity	9.5%	13.0%	—	—	—	—	—	—	—	—
Return on assets	7.8%	10.8%	—	—	—	—	—	—	—	—
Return on capital employed	12.5%^†	—	—	—	—	—	—	—	—	—
Asset turnover	0.56x	0.57x	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	192	-156	-49	65	127
March 31, 2025	383	8	-349	116	267
March 31, 2024	353	-83	-277	86	267
March 31, 2023	302	-288	-29	169	133
March 31, 2022	622	-440	-190	84	538

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	7,408	6,077	5,954	437	0	3,969	1,120	31	1,006	1,026
March 31, 2025	7,223	5,978	5,855	221	0	3,476	978	44	987	782
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.