Finolex Industries Ltd.

NSE: FINPIPE  SECTOR: Plastic Products

144.45
-0.6 (-0.41%)

Price Summary

Today's High

₹ 147.4

Today's Low

₹ 138.15

52 Week High

₹ 149.9

52 Week Low

₹ 71.04

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationAttractive
The stock is considerably attractive based on intrinsic value.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.

Company Essentials

Market Cap

8962.788892725 Cr.

Enterprise Value

9152.248892725 Cr.

No. of Shares

62.0476905 Cr.

P/E

18.43

P/B

3.53

Face Value

₹ 2

Div. Yield

0.28%

Book Value (TTM)

₹  40.9146

CASH

93.21 Cr.

DEBT

282.67 Cr.

Promoter Holding

52.47%

EPS (TTM)

₹  7.8391

Sales Growth

-3.40760581240377%

ROE

14.5438558713753 %

ROCE

16.7729033353276 %

Profit Growth

10.8574069484725 %

* 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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Price Chart 1w1m3m6m1Yr3Yr5Yr

* Prices are based on daily market changes.

Valuation Chart 1w1m3m6m1Yr3Yr5Yr

* The chart is based on the standalone earnings of the company.

Peer Comparison

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

Sales Growth (in Cr.)

1 Year-3.41%
3 Year4.69%
5 Year3.82%

Profit Growth (in Cr.)

1 Year-7.32%
3 Year-2.72%
5 Year46.66%

ROE%

1 Year14.54%
3 Year13.19%
5 Year15.88%

ROCE %

1 Year16.77%
3 Year17.95%
5 Year21.09%

Debt/Equity

0.1465

Price to Cash Flow

92.35

Interest Cover Ratio

34.0134340890008

CFO/PAT (5 Yr. Avg.)

1.10039629923544

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2020 52.47 0.02
Sep 2020 52.47 0.02
Jun 2020 52.47 0.02
Mar 2020 52.47 0.02
Dec 2019 52.47 0.02
* Figures given above are % of equity capital

 Strengths

  • Company has a healthy Interest coverage ratio of 34.0134340890008.
  • The company has an efficient Cash Conversion Cycle of 63.2473080300944 days.
  • The company has a high promoter holding of 52.47%.

 Limitations

  • The company has shown a poor profit growth of -2.72161458312067% for the Past 3 years.
  • The company has shown a poor revenue growth of 4.69025867505275% for the Past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
Net Sales 699.4 766.11 562.07 585.78 1066.88
Total Expenditure 560.97 662.04 473.83 441.01 720.22
Operating Profit 138.43 104.07 88.24 144.77 346.66
Other Income 6.73 0.98 8.32 32.46 18.16
Interest 1.77 9.03 3.28 0.77 1.79
Depreciation 18.76 18.88 18.83 19.34 19.85
Exceptional Items 0 0 0 0 0
Profit Before Tax 124.63 77.14 74.45 157.12 343.18
Tax 31.31 21.43 19.34 37.4 87.32
Profit After Tax 93.32 55.71 55.11 119.72 255.86
Adjusted EPS (Rs) 0.15 0.09 0.09 0.19 0.41

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

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Net Sales 2843.12 2602.36 2737.79 3091.32 2985.98
Total Expenditure 2438.69 2039.3 2253.86 2487.02 2540.64
Operating Profit 404.44 563.07 483.93 604.3 445.34
Other Income 39.64 24.32 25.32 41.57 33.57
Interest 44.71 15.38 9.82 12.27 11.91
Depreciation 50.57 55.05 60.6 70.08 73.81
Exceptional Items 24.48 0 0 -27.9 0
Profit Before Tax 373.27 516.96 438.83 535.62 393.19
Tax 118.87 164.78 140.29 185.82 68.99
Net Profit 254.41 352.18 298.54 349.8 324.2
Adjusted EPS (Rs.) 4.1 5.68 4.81 5.64 5.22

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Equity and Liabilities
Share Capital 124.1 124.1 124.1 124.1 124.1
Total Reserves 1445.75 2167.3 2640.47 2404.33 1805.71
Borrowings 0 0 0 0 0
Other N/C liabilities 191.97 204.45 198.89 229.92 194.12
Current liabilities 586.84 459.45 491.07 514.39 691.38
Total Liabilities 2348.66 2955.3 3454.52 3272.74 2815.31
Assets
Net Block 849.65 855.13 884.24 950.89 1016.89
Capital WIP 6.62 21.75 90.34 90.25 7.28
Investments 648.5 1165.61 1489.65 1076.94 455.53
Loans & Advances 19.58 76.6 92.17 89.85 101.67
Other N/C Assets 57.29 106.93 78.09 13.42 9.64
Current Assets 767.03 729.27 820.04 1051.39 1224.3
Total Assets 2348.66 2955.3 3454.52 3272.74 2815.31
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Profit Before Tax 373.27 516.96 438.83 535.62 393.19
Adjustment 61.49 48.18 49.09 40.38 84.83
Working Capital Changes 200.51 -138.24 -29.99 -8.06 -268.13
Tax Paid -66.27 -175.17 -119.52 -176.97 -112.84
Operating Cash Flow 569 251.74 338.41 390.97 97.05
Investing Cash Flow -77.23 34.57 -161.91 -227.84 58.95
Financing Cash Flow -493.66 -282.41 -175.19 -163.43 -105.23
Net Cash Flow -1.89 3.89 1.31 -0.3 50.77

Corporate Actions

Company Presentations

Company News

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 18.4268602263015 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 10.650372450949 % which is a bad 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 1.77080621365964 .

  • 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 14.5438558713752 % .(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 0.1465 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 4.03980301431393 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 -3.40760581240377 % which is poor 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 14.9143664726489 %.

  • 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 2 and the yield is 0.2769 %.

Brief about Finolex Inds

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