Finolex Industries Ltd.
•₹ 160.441.15%
2026-08-21
PROS
- Company is almost debt free
- Company comfortably covers its interest (34.9x coverage)
- Company generates healthy free cash flow
- Company has a consistent dividend-paying track record
CONS
- Company has a low return on equity of 9.2% over last 3 years
- Company has a low return on capital employed of 11.8%
- Operating margins have contracted to 11.5% from 23.8%
- Company has delivered a poor sales growth of 6.8% over past five years
- Growth is decelerating - 3Y profit CAGR (-9.6%) trails the 5Y trend (19.1%)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | SUPREMEIND | 3659.00 | 45.02 | 46479.13 | 0.98 | 280.72 | 38.76 | 2717.66 | 4.16 | 21.49 | 17.33 |
| 2. | ASTRAL | 1535.05 | 71.66 | 41239.14 | 0.26 | 120.20 | 51.77 | 1578.00 | 15.93 | 19.95 | 14.65 |
| 3. | GRWRHITECH | 7110.10 | 42.59 | 16518.46 | 0.17 | 132.65 | 59.78 | 633.08 | 27.90 | 20.41 | 27.17 |
| 4. | SHAILY | 3348.90 | 87.12 | 15403.35 | 0.09 | 48.01 | 16.75 | 280.67 | 13.77 | 19.55 | 29.59 |
| 5. | FINPIPE | 158.70 | 16.00 | 9846.97 | 1.73 | 114.52 | 16.67 | 883.58 | -15.30 | 17.40 | 12.09 |
| 6. | TIMETECHNO | 191.50 | 19.30 | 9453.12 | 0.78 | 1178.60 | 1120.71 | 16927.10 | 1151.40 | 18.16 | 13.25 |
| 7. | KINGFA | 5864.50 | 0.00 | 7947.21 | 0.00 | 80.21 | 101.58 | 688.57 | 49.06 | 30.70 | 16.12 |
| 8. | RESPONIND | 156.60 | 41.21 | 4175.09 | 0.06 | 2.74 | -94.51 | 192.87 | -43.06 | 10.76 | 12.09 |
| 9. | POLYPLEX | 1169.90 | 23.65 | 3672.60 | 0.26 | 171.07 | 386.02 | 2253.62 | 29.62 | 1.51 | 13.15 |
| 10. | PRINCEPIPE | 282.75 | 0.00 | 3126.11 | 0.35 | 337.49 | 6900.41 | 6094.18 | 949.97 | 3.92 | 12.66 |
| 11. | NILKAMAL | 2045.15 | 24.48 | 3051.88 | 0.98 | 24.40 | 59.20 | 819.73 | -7.18 | 10.76 | 9.44 |
| 12. | DDEVPLSTIK | 276.45 | 0.00 | 2860.61 | 0.45 | 63.79 | 22.33 | 989.45 | 28.63 | 33.94 | 9.22 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,179 | 883 | 1,020 | 1,235 | 1,140 | 828 | 1,001 | 1,172 | 1,043 | 859 | 898 | 1,314 | 884 | |
| 1,027 | 780 | 900 | 1,026 | 934 | 818 | 918 | 1,001 | 950 | 729 | 775 | 982 | 811 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 40 | 63 | 35 | 44 | 55 | 84 | 48 | 65 | 65 | 60 | 52 | 36 | 75 |
| Interest | 9 | 12 | 8 | 7 | 7 | 7 | 10 | 6 | 6 | 4 | 3 | 8 | 7 |
| Depreciation | 34 | 27 | 28 | 27 | 26 | 26 | 27 | 27 | 27 | 27 | 26 | 26 | 27 |
| 149 | 126 | 120 | 219 | 646 | 62 | 95 | 203 | 126 | 158 | 146 | 334 | 148 | |
| Tax % | 25.74% | 25.36% | 25.53% | 26.20% | 21.77% | 16.47% | 24.93% | 25.90% | 23.16% | 24.57% | 24.70% | 24.00% | 27.21% |
| Net Profit | 111 | 94 | 89 | 161 | 505 | 51 | 71 | 150 | 97 | 119 | 110 | 254 | 107 |
| 2 | 2 | 1 | 3 | 8 | 1 | 1 | 2 | 2 | 2 | 2 | 4 | 0 | |
| Equity Capital | 124 | 124 | 124 | 124 | 124 | 124 | 124 | 124 | 124 | 124 | 124 | 124 | 124 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 124 | 124 | 124 | 124 | 124 | 124 | 124 | 124 | 124 | 124 | 124 | 124 | 124 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 1,179
- 1,027
- Operating Profit
- —
- OPM %
- —
- Other Income
- 40
- Interest
- 9
- Depreciation
- 34
- 149
- Tax %
- 25.74%
- Net Profit
- 111
- 2
- Equity Capital
- 124
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 124
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 883
- 780
- Operating Profit
- —
- OPM %
- —
- Other Income
- 63
- Interest
- 12
- Depreciation
- 27
- 126
- Tax %
- 25.36%
- Net Profit
- 94
- 2
- Equity Capital
- 124
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 124
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 1,020
- 900
- Operating Profit
- —
- OPM %
- —
- Other Income
- 35
- Interest
- 8
- Depreciation
- 28
- 120
- Tax %
- 25.53%
- Net Profit
- 89
- 1
- Equity Capital
- 124
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 124
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 1,235
- 1,026
- Operating Profit
- —
- OPM %
- —
- Other Income
- 44
- Interest
- 7
- Depreciation
- 27
- 219
- Tax %
- 26.20%
- Net Profit
- 161
- 3
- Equity Capital
- 124
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 124
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 1,140
- 934
- Operating Profit
- —
- OPM %
- —
- Other Income
- 55
- Interest
- 7
- Depreciation
- 26
- 646
- Tax %
- 21.77%
- Net Profit
- 505
- 8
- Equity Capital
- 124
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 124
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 828
- 818
- Operating Profit
- —
- OPM %
- —
- Other Income
- 84
- Interest
- 7
- Depreciation
- 26
- 62
- Tax %
- 16.47%
- Net Profit
- 51
- 1
- Equity Capital
- 124
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 124
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 1,001
- 918
- Operating Profit
- —
- OPM %
- —
- Other Income
- 48
- Interest
- 10
- Depreciation
- 27
- 95
- Tax %
- 24.93%
- Net Profit
- 71
- 1
- Equity Capital
- 124
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 124
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 1,172
- 1,001
- Operating Profit
- —
- OPM %
- —
- Other Income
- 65
- Interest
- 6
- Depreciation
- 27
- 203
- Tax %
- 25.90%
- Net Profit
- 150
- 2
- Equity Capital
- 124
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 124
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 1,043
- 950
- Operating Profit
- —
- OPM %
- —
- Other Income
- 65
- Interest
- 6
- Depreciation
- 27
- 126
- Tax %
- 23.16%
- Net Profit
- 97
- 2
- Equity Capital
- 124
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 124
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 859
- 729
- Operating Profit
- —
- OPM %
- —
- Other Income
- 60
- Interest
- 4
- Depreciation
- 27
- 158
- Tax %
- 24.57%
- Net Profit
- 119
- 2
- Equity Capital
- 124
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 124
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 898
- 775
- Operating Profit
- —
- OPM %
- —
- Other Income
- 52
- Interest
- 3
- Depreciation
- 26
- 146
- Tax %
- 24.70%
- Net Profit
- 110
- 2
- Equity Capital
- 124
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 124
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 1,314
- 982
- Operating Profit
- —
- OPM %
- —
- Other Income
- 36
- Interest
- 8
- Depreciation
- 26
- 334
- Tax %
- 24.00%
- Net Profit
- 254
- 4
- Equity Capital
- 124
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 124
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 884
- 811
- Operating Profit
- —
- OPM %
- —
- Other Income
- 75
- Interest
- 7
- Depreciation
- 27
- 148
- Tax %
- 27.21%
- Net Profit
- 107
- 0
- Equity Capital
- 124
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 124
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,843 | 2,602 | 2,738 | 3,091 | 2,985 | 3,462 | 4,647 | 4,397 | 4,317 | 4,142 | 3,954 | |
| 2,439 | 2,040 | 2,254 | 2,487 | 2,540 | 2,473 | 3,624 | 4,105 | 3,733 | 3,666 | 3,296 | |
| Operating Profit | 444 | 587 | 509 | 646 | 478 | 1,064 | 1,107 | 414 | 766 | 724 | — |
| OPM % | 16 | 23 | 19 | 21 | 16 | 31 | 24 | 9 | 18 | 17 | — |
| Other Income | 40 | 25 | 25 | 42 | 34 | 75 | 83 | 121 | 181 | 248 | 224 |
| Interest | 45 | 15 | 10 | 12 | 11 | 9 | 14 | 27 | 36 | 30 | 22 |
| Depreciation | 51 | 55 | 61 | 70 | 74 | 78 | 83 | 89 | 116 | 107 | 108 |
| 373 | 517 | 439 | 536 | 393 | 977 | 1,385 | 297 | 613 | 1,005 | 786 | |
| Tax % | 32 | 32 | 32 | 35 | 18 | 25 | 24 | 20 | 26 | 23 | 25 |
| Net Profit | 254 | 352 | 299 | 350 | 324 | 728 | 1,053 | 237 | 455 | 778 | 591 |
| EPS | 20 | 28 | 24 | 28 | 5 | 12 | 17 | 4 | 7 | 13 | — |
| Dividend Payout % | 49 | 41 | 42 | 35 | 38 | 34 | 24 | 39 | 34 | 29 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 4 | 6 | 5 | 6 | 5 | 12 | 17 | 4 | 7 | 13 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 4 | 6 | 5 | 6 | 5 | 12 | 17 | 4 | 7 | 13 | — |
Mar 2016
- 2,843
- 2,439
- Operating Profit
- 444
- OPM %
- 16
- Other Income
- 40
- Interest
- 45
- Depreciation
- 51
- 373
- Tax %
- 32
- Net Profit
- 254
- EPS
- 20
- Dividend Payout %
- 49
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
Mar 2017
- 2,602
- 2,040
- Operating Profit
- 587
- OPM %
- 23
- Other Income
- 25
- Interest
- 15
- Depreciation
- 55
- 517
- Tax %
- 32
- Net Profit
- 352
- EPS
- 28
- Dividend Payout %
- 41
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
Mar 2018
- 2,738
- 2,254
- Operating Profit
- 509
- OPM %
- 19
- Other Income
- 25
- Interest
- 10
- Depreciation
- 61
- 439
- Tax %
- 32
- Net Profit
- 299
- EPS
- 24
- Dividend Payout %
- 42
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
Mar 2019
- 3,091
- 2,487
- Operating Profit
- 646
- OPM %
- 21
- Other Income
- 42
- Interest
- 12
- Depreciation
- 70
- 536
- Tax %
- 35
- Net Profit
- 350
- EPS
- 28
- Dividend Payout %
- 35
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
Mar 2020
- 2,985
- 2,540
- Operating Profit
- 478
- OPM %
- 16
- Other Income
- 34
- Interest
- 11
- Depreciation
- 74
- 393
- Tax %
- 18
- Net Profit
- 324
- EPS
- 5
- Dividend Payout %
- 38
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
Mar 2021
- 3,462
- 2,473
- Operating Profit
- 1,064
- OPM %
- 31
- Other Income
- 75
- Interest
- 9
- Depreciation
- 78
- 977
- Tax %
- 25
- Net Profit
- 728
- EPS
- 12
- Dividend Payout %
- 34
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 12
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 12
Mar 2022
- 4,647
- 3,624
- Operating Profit
- 1,107
- OPM %
- 24
- Other Income
- 83
- Interest
- 14
- Depreciation
- 83
- 1,385
- Tax %
- 24
- Net Profit
- 1,053
- EPS
- 17
- Dividend Payout %
- 24
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 17
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 17
Mar 2023
- 4,397
- 4,105
- Operating Profit
- 414
- OPM %
- 9
- Other Income
- 121
- Interest
- 27
- Depreciation
- 89
- 297
- Tax %
- 20
- Net Profit
- 237
- EPS
- 4
- Dividend Payout %
- 39
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
Mar 2024
- 4,317
- 3,733
- Operating Profit
- 766
- OPM %
- 18
- Other Income
- 181
- Interest
- 36
- Depreciation
- 116
- 613
- Tax %
- 26
- Net Profit
- 455
- EPS
- 7
- Dividend Payout %
- 34
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
Mar 2025
- 4,142
- 3,666
- Operating Profit
- 724
- OPM %
- 17
- Other Income
- 248
- Interest
- 30
- Depreciation
- 107
- 1,005
- Tax %
- 23
- Net Profit
- 778
- EPS
- 13
- Dividend Payout %
- 29
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
TTM
- 3,954
- 3,296
- Operating Profit
- —
- OPM %
- —
- Other Income
- 224
- Interest
- 22
- Depreciation
- 108
- 786
- Tax %
- 25
- Net Profit
- 591
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 5%
- 5 Years:
- 7%
- 3 Years:
- -4%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 32%
- 5 Years:
- 19%
- 3 Years:
- -10%
STOCK PRICE CAGR
- 10 Years:
- 6%
- 5 Years:
- -1%
- 3 Years:
- -9%
- 1 Year:
- -23%
RETURN ON EQUITY
- 10 Years:
- 17%
- 5 Years:
- 17%
- 3 Years:
- 9%
- Last Year:
- 14%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 124 | 124 | 124 | 124 | 124 | 124 | 124 | 124 | 124 | 124 |
| 1,446 | 2,167 | 2,640 | 2,404 | 1,806 | 2,949 | 3,740 | 4,701 | 5,414 | 5,855 | |
| 112 | 94 | 101 | 90 | 283 | 204 | 278 | 526 | 382 | 221 | |
| Trade Payables | 243 | 227 | 250 | 284 | 228 | 436 | 463 | 289 | 289 | 444 |
| 424 | 342 | 339 | 371 | 375 | 494 | 656 | 542 | 719 | 580 | |
| Total Liabilities | 2,349 | 2,955 | 3,455 | 3,273 | 2,815 | 4,207 | 5,261 | 6,182 | 6,928 | 7,223 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 850 | 855 | 884 | 951 | 1,017 | 1,002 | 993 | 1,055 | 1,055 | 1,008 | |
| Capital Work in Progress | 7 | 22 | 90 | 90 | 7 | 8 | 9 | 44 | 19 | 73 |
| 817 | 1,222 | 1,555 | 1,303 | 580 | 1,592 | 2,633 | 3,850 | 4,456 | 4,751 | |
| 447 | 557 | 612 | 620 | 858 | 919 | 1,015 | 673 | 728 | 782 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 458 | 379 | |
| Cash & Bank | 10 | 16 | 23 | 28 | 93 | 336 | 81 | 61 | 32 | 125 |
| 218 | 283 | 290 | 280 | 260 | 349 | 529 | 499 | 180 | 104 | |
| Total Assets | 2,349 | 2,955 | 3,455 | 3,273 | 2,815 | 4,207 | 5,261 | 6,182 | 6,928 | 7,223 |
| Total Debt | 212 | 94 | 101 | 90 | 283 | 204 | 278 | 526 | 382 | 221 |
| Net Working Capital | 180 | 270 | 328 | 537 | 533 | 1,053 | 1,847 | 1,756 | 2,096 | 2,498 |
| Contingent Liabilities | 210 | 192 | 204 | 94 | 86 | 101 | 77 | 77 | 77 | 63 |
| Book Value per Share | 126.50 | 184.65 | 222.78 | 203.74 | 155.50 | 49.52 | 62.27 | 78.03 | 89.56 | 96.68 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Total Debt | 212 | 94 | 101 | 90 | 283 | 204 | 278 | 526 | 382 | 221 |
| Net Working Capital | 180 | 270 | 328 | 537 | 533 | 1,053 | 1,847 | 1,756 | 2,096 | 2,498 |
| Contingent Liabilities | 210 | 192 | 204 | 94 | 86 | 101 | 77 | 77 | 77 | 63 |
| Book Value per Share | 126.50 | 184.65 | 222.78 | 203.74 | 155.50 | 49.52 | 62.27 | 78.03 | 89.56 | 96.68 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
Mar 2016
- Equity Capital
- 124
- 1,446
- 112
- Trade Payables
- 243
- 424
- Total Liabilities
- 2,349
- 850
- Capital Work in Progress
- 7
- 817
- 447
- 0
- Cash & Bank
- 10
- 218
- Total Assets
- 2,349
- Total Debt
- 212
- Net Working Capital
- 180
- Contingent Liabilities
- 210
- Book Value per Share
- 126.50
- Face Value
- 10.00
- Total Debt
- 212
- Net Working Capital
- 180
- Contingent Liabilities
- 210
- Book Value per Share
- 126.50
- Face Value
- 10.00
Mar 2017
- Equity Capital
- 124
- 2,167
- 94
- Trade Payables
- 227
- 342
- Total Liabilities
- 2,955
- 855
- Capital Work in Progress
- 22
- 1,222
- 557
- 0
- Cash & Bank
- 16
- 283
- Total Assets
- 2,955
- Total Debt
- 94
- Net Working Capital
- 270
- Contingent Liabilities
- 192
- Book Value per Share
- 184.65
- Face Value
- 10.00
- Total Debt
- 94
- Net Working Capital
- 270
- Contingent Liabilities
- 192
- Book Value per Share
- 184.65
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 124
- 2,640
- 101
- Trade Payables
- 250
- 339
- Total Liabilities
- 3,455
- 884
- Capital Work in Progress
- 90
- 1,555
- 612
- 0
- Cash & Bank
- 23
- 290
- Total Assets
- 3,455
- Total Debt
- 101
- Net Working Capital
- 328
- Contingent Liabilities
- 204
- Book Value per Share
- 222.78
- Face Value
- 10.00
- Total Debt
- 101
- Net Working Capital
- 328
- Contingent Liabilities
- 204
- Book Value per Share
- 222.78
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 124
- 2,404
- 90
- Trade Payables
- 284
- 371
- Total Liabilities
- 3,273
- 951
- Capital Work in Progress
- 90
- 1,303
- 620
- 0
- Cash & Bank
- 28
- 280
- Total Assets
- 3,273
- Total Debt
- 90
- Net Working Capital
- 537
- Contingent Liabilities
- 94
- Book Value per Share
- 203.74
- Face Value
- 10.00
- Total Debt
- 90
- Net Working Capital
- 537
- Contingent Liabilities
- 94
- Book Value per Share
- 203.74
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 124
- 1,806
- 283
- Trade Payables
- 228
- 375
- Total Liabilities
- 2,815
- 1,017
- Capital Work in Progress
- 7
- 580
- 858
- 0
- Cash & Bank
- 93
- 260
- Total Assets
- 2,815
- Total Debt
- 283
- Net Working Capital
- 533
- Contingent Liabilities
- 86
- Book Value per Share
- 155.50
- Face Value
- 10.00
- Total Debt
- 283
- Net Working Capital
- 533
- Contingent Liabilities
- 86
- Book Value per Share
- 155.50
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 124
- 2,949
- 204
- Trade Payables
- 436
- 494
- Total Liabilities
- 4,207
- 1,002
- Capital Work in Progress
- 8
- 1,592
- 919
- 0
- Cash & Bank
- 336
- 349
- Total Assets
- 4,207
- Total Debt
- 204
- Net Working Capital
- 1,053
- Contingent Liabilities
- 101
- Book Value per Share
- 49.52
- Face Value
- 2.00
- Total Debt
- 204
- Net Working Capital
- 1,053
- Contingent Liabilities
- 101
- Book Value per Share
- 49.52
- Face Value
- 2.00
Mar 2022
- Equity Capital
- 124
- 3,740
- 278
- Trade Payables
- 463
- 656
- Total Liabilities
- 5,261
- 993
- Capital Work in Progress
- 9
- 2,633
- 1,015
- 0
- Cash & Bank
- 81
- 529
- Total Assets
- 5,261
- Total Debt
- 278
- Net Working Capital
- 1,847
- Contingent Liabilities
- 77
- Book Value per Share
- 62.27
- Face Value
- 2.00
- Total Debt
- 278
- Net Working Capital
- 1,847
- Contingent Liabilities
- 77
- Book Value per Share
- 62.27
- Face Value
- 2.00
Mar 2023
- Equity Capital
- 124
- 4,701
- 526
- Trade Payables
- 289
- 542
- Total Liabilities
- 6,182
- 1,055
- Capital Work in Progress
- 44
- 3,850
- 673
- 0
- Cash & Bank
- 61
- 499
- Total Assets
- 6,182
- Total Debt
- 526
- Net Working Capital
- 1,756
- Contingent Liabilities
- 77
- Book Value per Share
- 78.03
- Face Value
- 2.00
- Total Debt
- 526
- Net Working Capital
- 1,756
- Contingent Liabilities
- 77
- Book Value per Share
- 78.03
- Face Value
- 2.00
Mar 2024
- Equity Capital
- 124
- 5,414
- 382
- Trade Payables
- 289
- 719
- Total Liabilities
- 6,928
- 1,055
- Capital Work in Progress
- 19
- 4,456
- 728
- 458
- Cash & Bank
- 32
- 180
- Total Assets
- 6,928
- Total Debt
- 382
- Net Working Capital
- 2,096
- Contingent Liabilities
- 77
- Book Value per Share
- 89.56
- Face Value
- 2.00
- Total Debt
- 382
- Net Working Capital
- 2,096
- Contingent Liabilities
- 77
- Book Value per Share
- 89.56
- Face Value
- 2.00
Mar 2025
- Equity Capital
- 124
- 5,855
- 221
- Trade Payables
- 444
- 580
- Total Liabilities
- 7,223
- 1,008
- Capital Work in Progress
- 73
- 4,751
- 782
- 379
- Cash & Bank
- 125
- 104
- Total Assets
- 7,223
- Total Debt
- 221
- Net Working Capital
- 2,498
- Contingent Liabilities
- 63
- Book Value per Share
- 96.68
- Face Value
- 2.00
- Total Debt
- 221
- Net Working Capital
- 2,498
- Contingent Liabilities
- 63
- Book Value per Share
- 96.68
- Face Value
- 2.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 569 | 252 | 338 | 391 | 106 | 941 | 622 | 308 | 353 | 383 | |
| Cash from Investing | -77 | 35 | -162 | -228 | 49 | -877 | -440 | -294 | -83 | 8 |
| Cash from Financing | -494 | -282 | -175 | -163 | -105 | -90 | -190 | -29 | -277 | -349 |
| -2 | 4 | 1 | -0 | 51 | -26 | -8 | -15 | -6 | 42 | |
| Free Cash Flow | 569 | -849 | 188 | 255 | 54 | 884 | 560 | 125 | 269 | 271 |
| OCF / Net Profit | 2.24 | 0.71 | 1.13 | 1.12 | 0.33 | 1.29 | 0.59 | 1.30 | 0.78 | 0.49 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 218 | 533 | 1,942 | 1,878 | 1,892 | 2,108 |
| OCF / Net Profit | 2.24 | 0.71 | 1.13 | 1.12 | 0.33 | 1.29 | 0.59 | 1.30 | 0.78 | 0.49 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 218 | 533 | 1,942 | 1,878 | 1,892 | 2,108 |
Mar 2016
- 569
- Cash from Investing
- -77
- Cash from Financing
- -494
- -2
- Free Cash Flow
- 569
- OCF / Net Profit
- 2.24
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.24
- Cumulative 5-Year FCF
- 0
Mar 2017
- 252
- Cash from Investing
- 35
- Cash from Financing
- -282
- 4
- Free Cash Flow
- -849
- OCF / Net Profit
- 0.71
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.71
- Cumulative 5-Year FCF
- 0
Mar 2018
- 338
- Cash from Investing
- -162
- Cash from Financing
- -175
- 1
- Free Cash Flow
- 188
- OCF / Net Profit
- 1.13
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.13
- Cumulative 5-Year FCF
- 0
Mar 2019
- 391
- Cash from Investing
- -228
- Cash from Financing
- -163
- -0
- Free Cash Flow
- 255
- OCF / Net Profit
- 1.12
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.12
- Cumulative 5-Year FCF
- 0
Mar 2020
- 106
- Cash from Investing
- 49
- Cash from Financing
- -105
- 51
- Free Cash Flow
- 54
- OCF / Net Profit
- 0.33
- Cumulative 5-Year FCF
- 218
- OCF / Net Profit
- 0.33
- Cumulative 5-Year FCF
- 218
Mar 2021
- 941
- Cash from Investing
- -877
- Cash from Financing
- -90
- -26
- Free Cash Flow
- 884
- OCF / Net Profit
- 1.29
- Cumulative 5-Year FCF
- 533
- OCF / Net Profit
- 1.29
- Cumulative 5-Year FCF
- 533
Mar 2022
- 622
- Cash from Investing
- -440
- Cash from Financing
- -190
- -8
- Free Cash Flow
- 560
- OCF / Net Profit
- 0.59
- Cumulative 5-Year FCF
- 1,942
- OCF / Net Profit
- 0.59
- Cumulative 5-Year FCF
- 1,942
Mar 2023
- 308
- Cash from Investing
- -294
- Cash from Financing
- -29
- -15
- Free Cash Flow
- 125
- OCF / Net Profit
- 1.30
- Cumulative 5-Year FCF
- 1,878
- OCF / Net Profit
- 1.30
- Cumulative 5-Year FCF
- 1,878
Mar 2024
- 353
- Cash from Investing
- -83
- Cash from Financing
- -277
- -6
- Free Cash Flow
- 269
- OCF / Net Profit
- 0.78
- Cumulative 5-Year FCF
- 1,892
- OCF / Net Profit
- 0.78
- Cumulative 5-Year FCF
- 1,892
Mar 2025
- 383
- Cash from Investing
- 8
- Cash from Financing
- -349
- 42
- Free Cash Flow
- 271
- OCF / Net Profit
- 0.49
- Cumulative 5-Year FCF
- 2,108
- OCF / Net Profit
- 0.49
- Cumulative 5-Year FCF
- 2,108
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 20.50 | 28.38 | 24.06 | 28.19 | 26.12 | 11.73 | 16.98 | 3.83 | 7.36 | 12.58 |
| Book Value (₹) | 126.50 | 184.65 | 222.78 | 203.74 | 155.50 | 49.52 | 62.27 | 78.03 | 89.56 | 96.68 |
| Dividend per Share (₹) | 10.00 | 11.50 | 10.00 | 10.00 | 10.00 | 4.00 | 4.00 | 1.50 | 2.50 | 3.60 |
| Cash EPS (₹) | 4.92 | 6.56 | 5.79 | 6.77 | 6.41 | 12.99 | 18.32 | 5.27 | 9.24 | 14.31 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 13.86% | 19.66% | 17.99% | 20.89% | 16.03% | 30.73% | 23.82% | 9.41% | 13.55% | 11.49% |
| Net Margin % | 7.94% | 11.79% | 10.54% | 11.32% | 10.86% | 21.03% | 22.67% | 5.38% | 10.55% | 18.78% |
| ROE % | 21.59% | 18.24% | 11.81% | 13.22% | 14.54% | 29.11% | 30.37% | 5.45% | 8.79% | 13.51% |
| ROCE % | 26.08% | 25.55% | 17.09% | 19.98% | 16.75% | 35.93% | 37.73% | 6.84% | 11.53% | 17.07% |
| 12.09% | 13.28% | 9.32% | 10.40% | 10.65% | 20.73% | 22.25% | 4.13% | 6.95% | 10.99% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 4 | 4 | 6 | 7 | 9 | 12 | 19 | 26 | 32 | 37 |
| Inventory Days | 57 | 61 | 75 | 73 | 90 | 94 | 76 | 70 | 59 | 67 |
| Payable Days | 41 | 54 | 50 | 52 | 49 | 64 | 58 | 45 | 39 | 51 |
| 20 | 11 | 32 | 28 | 51 | 42 | 37 | 51 | 52 | 53 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.13x | 0.04x | 0.04x | 0.04x | 0.15x | 0.07x | 0.07x | 0.11x | 0.07x | 0.04x |
| Interest Coverage (x) | 9.35x | 34.61x | 45.70x | 44.65x | 35.86x | 104.69x | 99.33x | 11.93x | 17.83x | 34.90x |
| 1.31x | 1.59x | 1.67x | 2.04x | 1.77x | 2.12x | 2.54x | 2.55x | 2.90x | 3.56x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 14.82% | -8.47% | 5.20% | 12.91% | -3.46% | 16.01% | 34.23% | -5.39% | -1.81% | -4.06% |
| Operating Profit Growth % | 91.97% | 32.27% | -13.30% | 26.83% | -25.95% | 122.45% | 4.04% | -62.61% | 85.05% | -5.47% |
| Net Profit Growth % | 432.47% | 38.43% | -15.23% | 17.17% | -7.32% | 124.56% | 44.70% | -77.54% | 92.44% | 70.85% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 92.44% | 70.85% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 33.50x | 14.30x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 2.75x | 1.86x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.01% | 2.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 20.37x | 15.50x |
Mar 2016
- EPS (₹)
- 20.50
- Book Value (₹)
- 126.50
- Dividend per Share (₹)
- 10.00
- Cash EPS (₹)
- 4.92
- Operating Margin %
- 13.86%
- Net Margin %
- 7.94%
- ROE %
- 21.59%
- ROCE %
- 26.08%
- 12.09%
- Debtor Days
- 4
- Inventory Days
- 57
- Payable Days
- 41
- 20
- Debt to Equity (x)
- 0.13x
- Interest Coverage (x)
- 9.35x
- 1.31x
- Revenue Growth %
- 14.82%
- Operating Profit Growth %
- 91.97%
- Net Profit Growth %
- 432.47%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- 28.38
- Book Value (₹)
- 184.65
- Dividend per Share (₹)
- 11.50
- Cash EPS (₹)
- 6.56
- Operating Margin %
- 19.66%
- Net Margin %
- 11.79%
- ROE %
- 18.24%
- ROCE %
- 25.55%
- 13.28%
- Debtor Days
- 4
- Inventory Days
- 61
- Payable Days
- 54
- 11
- Debt to Equity (x)
- 0.04x
- Interest Coverage (x)
- 34.61x
- 1.59x
- Revenue Growth %
- -8.47%
- Operating Profit Growth %
- 32.27%
- Net Profit Growth %
- 38.43%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 24.06
- Book Value (₹)
- 222.78
- Dividend per Share (₹)
- 10.00
- Cash EPS (₹)
- 5.79
- Operating Margin %
- 17.99%
- Net Margin %
- 10.54%
- ROE %
- 11.81%
- ROCE %
- 17.09%
- 9.32%
- Debtor Days
- 6
- Inventory Days
- 75
- Payable Days
- 50
- 32
- Debt to Equity (x)
- 0.04x
- Interest Coverage (x)
- 45.70x
- 1.67x
- Revenue Growth %
- 5.20%
- Operating Profit Growth %
- -13.30%
- Net Profit Growth %
- -15.23%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 28.19
- Book Value (₹)
- 203.74
- Dividend per Share (₹)
- 10.00
- Cash EPS (₹)
- 6.77
- Operating Margin %
- 20.89%
- Net Margin %
- 11.32%
- ROE %
- 13.22%
- ROCE %
- 19.98%
- 10.40%
- Debtor Days
- 7
- Inventory Days
- 73
- Payable Days
- 52
- 28
- Debt to Equity (x)
- 0.04x
- Interest Coverage (x)
- 44.65x
- 2.04x
- Revenue Growth %
- 12.91%
- Operating Profit Growth %
- 26.83%
- Net Profit Growth %
- 17.17%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 26.12
- Book Value (₹)
- 155.50
- Dividend per Share (₹)
- 10.00
- Cash EPS (₹)
- 6.41
- Operating Margin %
- 16.03%
- Net Margin %
- 10.86%
- ROE %
- 14.54%
- ROCE %
- 16.75%
- 10.65%
- Debtor Days
- 9
- Inventory Days
- 90
- Payable Days
- 49
- 51
- Debt to Equity (x)
- 0.15x
- Interest Coverage (x)
- 35.86x
- 1.77x
- Revenue Growth %
- -3.46%
- Operating Profit Growth %
- -25.95%
- Net Profit Growth %
- -7.32%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 11.73
- Book Value (₹)
- 49.52
- Dividend per Share (₹)
- 4.00
- Cash EPS (₹)
- 12.99
- Operating Margin %
- 30.73%
- Net Margin %
- 21.03%
- ROE %
- 29.11%
- ROCE %
- 35.93%
- 20.73%
- Debtor Days
- 12
- Inventory Days
- 94
- Payable Days
- 64
- 42
- Debt to Equity (x)
- 0.07x
- Interest Coverage (x)
- 104.69x
- 2.12x
- Revenue Growth %
- 16.01%
- Operating Profit Growth %
- 122.45%
- Net Profit Growth %
- 124.56%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 16.98
- Book Value (₹)
- 62.27
- Dividend per Share (₹)
- 4.00
- Cash EPS (₹)
- 18.32
- Operating Margin %
- 23.82%
- Net Margin %
- 22.67%
- ROE %
- 30.37%
- ROCE %
- 37.73%
- 22.25%
- Debtor Days
- 19
- Inventory Days
- 76
- Payable Days
- 58
- 37
- Debt to Equity (x)
- 0.07x
- Interest Coverage (x)
- 99.33x
- 2.54x
- Revenue Growth %
- 34.23%
- Operating Profit Growth %
- 4.04%
- Net Profit Growth %
- 44.70%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 3.83
- Book Value (₹)
- 78.03
- Dividend per Share (₹)
- 1.50
- Cash EPS (₹)
- 5.27
- Operating Margin %
- 9.41%
- Net Margin %
- 5.38%
- ROE %
- 5.45%
- ROCE %
- 6.84%
- 4.13%
- Debtor Days
- 26
- Inventory Days
- 70
- Payable Days
- 45
- 51
- Debt to Equity (x)
- 0.11x
- Interest Coverage (x)
- 11.93x
- 2.55x
- Revenue Growth %
- -5.39%
- Operating Profit Growth %
- -62.61%
- Net Profit Growth %
- -77.54%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 7.36
- Book Value (₹)
- 89.56
- Dividend per Share (₹)
- 2.50
- Cash EPS (₹)
- 9.24
- Operating Margin %
- 13.55%
- Net Margin %
- 10.55%
- ROE %
- 8.79%
- ROCE %
- 11.53%
- 6.95%
- Debtor Days
- 32
- Inventory Days
- 59
- Payable Days
- 39
- 52
- Debt to Equity (x)
- 0.07x
- Interest Coverage (x)
- 17.83x
- 2.90x
- Revenue Growth %
- -1.81%
- Operating Profit Growth %
- 85.05%
- Net Profit Growth %
- 92.44%
- 92.44%
- P/E (x)
- 33.50x
- P/B (x)
- 2.75x
- Dividend Yield %
- 1.01%
- 20.37x
Mar 2025
- EPS (₹)
- 12.58
- Book Value (₹)
- 96.68
- Dividend per Share (₹)
- 3.60
- Cash EPS (₹)
- 14.31
- Operating Margin %
- 11.49%
- Net Margin %
- 18.78%
- ROE %
- 13.51%
- ROCE %
- 17.07%
- 10.99%
- Debtor Days
- 37
- Inventory Days
- 67
- Payable Days
- 51
- 53
- Debt to Equity (x)
- 0.04x
- Interest Coverage (x)
- 34.90x
- 3.56x
- Revenue Growth %
- -4.06%
- Operating Profit Growth %
- -5.47%
- Net Profit Growth %
- 70.85%
- 70.85%
- P/E (x)
- 14.30x
- P/B (x)
- 1.86x
- Dividend Yield %
- 2.00%
- 15.50x
Documents
Announcements
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-13 - Finolex Industries Limited has informed the Exchange about Transcript of the Earnings Call held on August 7, 2026
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-10 - Finolex Industries Limited has informed the Exchange about Schedule of meet
Annual Reports
Credit Ratings
- Credit Rating
2026-05-11 - Finolex Industries Limited has informed the Exchange about Credit Rating
Concalls
Aug 2026
Jun 2026
May 2026