Finolex Industries Ltd.

NSE: FINPIPE BSE: 500940 SECTOR: Plastic Products  183k   1k   306

164.55
-1.15 (-0.69%)
NSE: 09 Jun 03:53 PM

Price Summary

Today's High

₹ 167.6

Today's Low

₹ 164

52 Week High

₹ 195.5

52 Week Low

₹ 121.5

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationFair
The stock’s market price justifies its intrinsic value.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

10209.95 Cr.

Enterprise Value

10406.94 Cr.

No. of Shares

62.05 Cr.

P/E

43.15

P/B

2.12

Face Value

₹ 2

Div. Yield

0.91 %

Book Value (TTM)

₹  77.77

CASH

81.04 Cr.

DEBT

278.03 Cr.

Promoter Holding

52.47 %

EPS (TTM)

₹  3.81

Sales Growth

34.23%

ROE

30.37 %

ROCE

37.73%

Profit Growth

44.7 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Brands

These are the brands of Finolex Industries Ltd.

FLOWGUARD PLUS

Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year34.23%
3 Year14.56%
5 Year12.3%

Profit Growth

1 Year44.7%
3 Year44.41%
5 Year24.5%

ROE%

1 Year30.37%
3 Year24.67%
5 Year19.81%

ROCE %

1 Year37.73%
3 Year30.11%
5 Year25.48%

Debt/Equity

0.072

Price to Cash Flow

16.41

Interest Cover Ratio

99.3300212916962

CFO/PAT (5 Yr. Avg.)

0.870955878988893

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2023 52.47 0
Dec 2022 52.47 0
Sep 2022 52.47 0
Jun 2022 52.47 0
Mar 2022 52.47 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 44.4111708471503% for the Past 3 years.
  • Company has been maintaining healthy ROE of 24.6743563006357% over the past 3 years.
  • Company has been maintaining healthy ROCE of 30.1110126068768% over the past 3 years.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 99.3300212916962.
  • The Company has been maintaining an effective average operating margins of 20.428591198073% in the last 5 years.
  • Company’s PEG ratio is 0.965361813981706.
  • The company has an efficient Cash Conversion Cycle of 36.5476768584953 days.
  • Company has a healthy liquidity position with current ratio of 2.54073487091796.
  • The company has a high promoter holding of 52.47%.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 5.92046623213093.

 Limitations

  • The company has shown a poor revenue growth of 14.556447684354% for the Past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
Net Sales 1594.57 1189.81 941.13 1124.76 1141.06
Total Expenditure 1329.91 1063.9 1083.8 1032.89 923.63
Operating Profit 264.66 125.91 -142.67 91.87 217.43
Other Income 24.76 25.07 39.29 27.82 29.2
Interest 8.06 11.33 4.31 5.13 6.46
Depreciation 21.55 21.34 21.56 22.5 23.8
Exceptional Items 376.06 0 0 0 0
Profit Before Tax 635.87 118.31 -129.25 92.06 216.37
Tax 142.07 18.22 -35.33 19.99 58.02
Profit After Tax 493.8 100.09 -93.92 72.07 158.35
Adjusted EPS (Rs) 7.96 1.61 -1.52 1.17 2.56

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 2737.79 3091.32 2984.51 3462.27 4647.32
Total Expenditure 2253.86 2487.02 2539.8 2472.96 3623.58
Operating Profit 483.93 604.3 444.71 989.31 1023.74
Other Income 25.32 41.57 33.57 72.48 83.16
Interest 9.82 12.27 11.28 7.27 14.09
Depreciation 60.6 70.08 73.81 77.72 83.4
Exceptional Items 0 -27.9 0 0 376.06
Profit Before Tax 438.83 535.62 393.19 976.8 1385.47
Tax 140.29 185.82 68.99 248.78 332
Net Profit 298.54 349.8 324.2 728.02 1053.47
Adjusted EPS (Rs.) 4.81 5.64 5.22 11.73 16.98

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 124.1 124.1 124.1 124.1 124.1
Total Reserves 2640.47 2404.33 1805.71 2948.78 3739.66
Borrowings 0 0 0 0 0
Other N/C liabilities 198.89 229.92 194.12 197.82 198.39
Current liabilities 491.07 514.39 691.38 936.16 1198.85
Total Liabilities 3454.52 3272.74 2815.31 4206.86 5261
Assets
Net Block 884.24 950.89 1016.89 1002.35 993.23
Capital WIP 90.34 90.25 7.28 8.15 9.46
Intangible WIP 0 0 0 0 0
Investments 1489.65 1076.94 455.53 1085.26 1080.77
Loans & Advances 92.17 89.85 101.67 91.92 99.06
Other N/C Assets 78.09 13.42 9.64 30.33 32.52
Current Assets 820.04 1051.39 1224.3 1988.85 3045.96
Total Assets 3454.52 3272.74 2815.31 4206.86 5261
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 438.83 535.62 393.19 976.8 1385.47
Adjustment 49.09 40.38 84.27 23.63 -352.32
Changes in Assets & Liabilities -29.99 -8.06 -258.33 152.36 -75.58
Tax Paid -119.52 -176.97 -112.84 -211.81 -335.58
Operating Cash Flow 338.41 390.97 106.29 940.98 621.99
Investing Cash Flow -161.91 -227.84 49.13 -876.57 -440.33
Financing Cash Flow -175.19 -163.43 -104.65 -90.3 -189.5
Net Cash Flow 1.31 -0.3 50.77 -25.89 -7.84

Corporate Actions

Investors Details

PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Promoters 52.47 52.47 52.47 52.47 52.47
finolex cables lim... - - 32.39 32.39 32.39
finolex cables ltd. 32.39 32.39 - - -
orbit electricals ... 18.80 18.80 18.80 18.80 18.80
vijay kishandas ch... 0.35 0.35 0.35 0.35 0.35
katara aruna mukesh 0.21 0.21 0.21 0.21 0.21
katara dental pvt.... 0.17 0.17 - - -
katara dental priv... - - 0.17 0.17 0.17
prakash pralhad ch... 0.14 0.14 0.14 0.14 0.14
kishandas parashra... - - - - -
sunita kishandas c... - - - - -
deepak kishan chha... 0.07 0.07 0.07 0.07 0.07
kavita sanjay rahe... 0.07 0.07 0.07 0.07 0.07
gayatri prakash ch... 0.06 0.06 0.06 0.06 0.06
hansika hiya praka... 0.05 0.05 0.05 0.05 0.05
priya vijay chhabr... 0.05 0.05 0.05 0.05 0.05
amit katara - 0.03 0.03 0.03 0.03
amrita katara - 0.03 0.03 0.03 0.03
amit m katara 0.03 - - - -
amrita mukesh kata... 0.03 - - - -
vini deepak chhabr... 0.02 0.02 0.02 0.02 0.02
katara mukesh dolu... 0.02 0.02 0.02 0.02 0.02
PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Investors 47.53 47.53 47.53 47.53 47.53
dsp small cap fund... - - - - -
sbi conservative h... - - - 3.83 4.23
sbi small cap fund - 2.84 3.38 - -
anuj anantrai sheth - - - 3.26 -
anuj a sheth 3.26 3.26 - - 3.26
franklin templeton... - - - - -
dsp small cap fund... - - - - -
hdfc trustee co lt... - - - 2.26 2.24
hdfc small cap fund - - 2.24 - -
franklin templeton... - - - - -
l&t mutual fund tr... - - - - -
investor education... - - - 1.54 1.54
hsbc small cap fund - - - 1.50 1.50
l&t mutual fund tr... - 1.41 - - -
l&t mutual fund tr... - - - - -
dsp small cap fund... 1.12 - - - -
l&t mutual fund-em... 1.41 - - - -
l&t mutual fund tr... - - 1.41 - -
franklin templeton... - - - - -
dsp small cap fund - 1.10 1.10 1.35 1.35
hiten anantrai she... 1.21 1.21 - 1.21 1.21
gagandeep consulta... - - - - -
iepf 0.68 0.68 - - -
investor education... - - 0.68 - -
qualified institut... - - - - -

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Finolex Industries informs about analyst meet outcome23 May 2023, 4:46PM Finolex Industries reports 66% fall in Q4 consolidated net profit23 May 2023, 11:44AM Finolex Inds - Quaterly Results22 May 2023, 9:09PM Finolex Inds - Quaterly Results22 May 2023, 9:09PM Finolex Industries submits analyst meet intimation20 May 2023, 11:50AM Finolex Industries informs about issuance of duplicate share certificate24 Apr 2023, 10:42AM Finolex Industries informs about analyst meet 14 Apr 2023, 10:21AM Finolex Industries informs about issuance of duplicate share certificate23 Mar 2023, 4:04PM Finolex Industries informs about outcome of investor meeting 18 Mar 2023, 10:13AM Finolex Industries informs about outcome of investor meet 15 Mar 2023, 9:54AM Finolex Industries commences commercial operations of PVC fittings at Pune facility 13 Mar 2023, 9:15AM Finolex Industries informs about analyst meet2 Mar 2023, 3:00PM Finolex Industries informs about issue of duplicate certificate20 Feb 2023, 2:47PM Finolex Industries informs about outcome of investor meet 17 Feb 2023, 10:34AM Finolex Industries informs about analyst meet 16 Feb 2023, 10:25AM Finolex Industries informs about investors meet10 Feb 2023, 10:11AM Finolex Industries reports 55% fall in Q3 consolidated net profit6 Feb 2023, 10:37AM Finolex Inds - Quaterly Results4 Feb 2023, 8:18PM Finolex Inds - Quaterly Results4 Feb 2023, 8:18PM Finolex Industries informs about conference call2 Feb 2023, 3:08PM Finolex Industries informs about certificate 13 Jan 2023, 3:15PM Finolex Industries informs about outcome of investor meet 23 Dec 2022, 10:11AM Finolex Industries informs about analyst meet 22 Dec 2022, 10:08AM Finolex Industries informs about loss of share certificates14 Dec 2022, 3:17PM Finolex Industries informs about analyst meet 1 Dec 2022, 9:49AM Finolex Industries informs about analsyt meet29 Nov 2022, 10:06AM Finolex Industries informs about analyst meet28 Nov 2022, 10:43AM Finolex Industries informs about investors meet 17 Nov 2022, 10:40AM Finolex Industries informs about audio recording of earnings call 25 Oct 2022, 5:06PM Finolex Industries informs about newspaper publication 25 Oct 2022, 10:59AM Finolex Inds - Quaterly Results21 Oct 2022, 8:43PM Finolex Inds - Quaterly Results21 Oct 2022, 8:43PM Finolex Industries informs about outcome of analyst meet 24 Sep 2022, 12:27PM Finolex Industries informs about analyst meet intimation23 Sep 2022, 2:59PM Finolex Industries informs about newspaper advertisement 30 Jul 2022, 2:23PM Finolex Industries informs about disclosure25 Jul 2022, 12:31PM Finolex Industries reports 32% fall in Q1 consolidated net profit25 Jul 2022, 11:29AM Finolex Inds - Quaterly Results22 Jul 2022, 7:54PM Finolex Inds - Quaterly Results22 Jul 2022, 7:54PM Finolex Industries informs about compliances-certificate12 Jul 2022, 2:14PM Finolex Industries informs about newspaper advertisement2 Jul 2022, 1:02PM Finolex Industries informs about updates2 Jul 2022, 12:15PM Finolex Industries informs about analyst meet15 Jun 2022, 3:00PM Finolex Industries informs about outcome of analyst meet14 Jun 2022, 4:48PM Finolex Industries informs about analyst meet3 Jun 2022, 4:48PM Finolex Industries informs about presentation on audited financial results19 May 2022, 11:39AM Finolex Inds - Quaterly Results18 May 2022, 10:49PM Finolex Inds - Quaterly Results18 May 2022, 10:49PM Finolex Industries informs about analyst meet22 Mar 2022, 3:03PM Finolex Industries informs about analyst meet16 Mar 2022, 4:43PM

Finolex Inds Stock Price Analysis and Quick Research Report. Is Finolex Inds an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Finolex Inds has a PE ratio of 43.1549960660897 which is high and comparatively overvalued .

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Finolex Inds has ROA of 22.2536032429715 % which is a good sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Finolex Inds has a Current ratio of 2.54073487091796 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Finolex Inds has a ROE of 30.3740715966231 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Finolex Inds has a D/E ratio of 0.072 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Finolex Inds has an Inventory turnover ratio of 4.80519467091284 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - Finolex Inds has reported revenue growth of 34.227544356737 % which is fair in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Finolex Inds for the current financial year is 22.0286100376131 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Finolex Inds is Rs 4 and the yield is 0.9119 %.

Brief about Finolex Inds

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