profit from every ₹100 of sales.
₹0₹100
Finolex Industries
₹148.55-1.13% today
-12.1% in 1 year
1-year low ₹137.351-year high ₹191.80
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2023 to 2026.
0%20% a year
You pay ₹15.33 for every ₹1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Finolex Industries sold, what it kept, and what it did with the cash.
Sales went from ₹43.6 billion in 2023 to ₹41.1 billion in 2026, with ₹5.99 billion of profit last year.
SalesProfit
Finolex Industries handed back more cash to shareholders than it generated last year.
₹2.2B
Free cash flow 2026₹1.3B
Bought back its own shares–
Paid as dividends₹2.2B
Cash vs. debt₹314M vs. ₹4.5B
Finolex Industries vs. similar companies
Finolex Industries grows the slowest of these 5 and is the cheapest for its profits.
| Company | Profit from ₹100 of sales | Sales growth a year | Price per ₹1 of profit |
|---|---|---|---|
| Finolex Industries | 15.3× · Fair price | ||
 Trane Technologies | 31.3× · Expensive | ||
 Johnson Controls International | 29.6× · Fair price | ||
 Carrier Global | 29.9× · Fair price | ||
 Daikin Industries,Ltd. | 24.7× · Fair price |
AI analysis
An AI analyst reads Finolex Industries's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| 43,613 | 42,741 | 41,420 | 41,134 | |
| 10,774 | 13,410 | 14,659 | 17,172 | |
| 2,359 | 4,740 | 3,690 | 5,721 | |
| 4,220 | 7,931 | 11,796 | 9,324 | |
| 2,507 | 4,736 | 8,000 | 5,991 | |
| 4.04 | 7.66 | 12.94 | 9.69 | |
| 24.7% | 31.4% | 35.4% | 41.7% | |
| 5.4% | 11.1% | 8.9% | 13.9% | |
| 5.7% | 11.1% | 19.3% | 14.6% |
Balance sheet
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Total assets | 62,851 | 70,579 | 73,819 | 75,956 |
| Cash | 86 | 22 | 444 | 314 |
| Total debt | 5,407 | 3,940 | 2,368 | 4,456 |
| Total liabilities | 13,820 | 14,236 | 12,851 | 13,809 |
| 49,031 | 56,343 | 60,969 | 62,147 | |
| 618 | 618 | 618 | 618 | |
| 4.8% | 8.9% | 13.4% | 9.8% | |
| 5.1% | 8.4% | 13.1% | 9.6% |
Cash flow
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| 3,077 | 3,533 | 3,827 | 1,918 | |
| 1,687 | 864 | 1,155 | 650 | |
| 1,389 | 2,670 | 2,672 | 1,268 | |
| Dividends paid | 2,482 | 928 | 1,546 | 2,226 |
| – | – | – | – | |
| – | – | – | – |
Valuation
- 15.3×
- –
- 0.45
- 1.7×
- 2.2×
- 72.5×
- 10.3×
- 1.4%
- 6.5%
- 2.4%
Profitability
- 41.7%
- 13.9%
- 14.6%
- –
- 9.3%
- 8.8%
- –
- –
- –
- –
Growth
- −1.9%
- +33.9%
- –
- –
- −0.0%
Financial health
- 0.4×
- 0.07
- –
- 40.1×
- 3.54
- –
- –
How it ranks in Industrials
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 40%of 979
Top 28%of 984
Top 28%of 866
Bottom 12%of 985
Bottom 26%of 987
2.4%of the share price, paid each year
On $1,000 invested$24a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
37.2% of its profit
Room to growStretchedMore than it earns: 175.6%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
2/7Passes 2 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
55No pass
Benjamin Graham
80Pass
Philip Fisher
59No pass
Peter Lynch
83Pass
Joel Greenblatt
42No pass
Charlie Munger
47No pass
Terry Smith
33No pass
Questions about Finolex Industries
Is Finolex Industries a good stock to buy?
A solid business at a fair price. 2 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Finolex Industries AI analysis
What does Finolex Industries do?
Finolex Industries Limited manufactures and sells polyvinyl chloride (PVC) pipes and fittings, and PVC resins in India. It operates in two segments, PVC Resin and PVC Pipes and Fittings. It is in Building Products & Equipment, based in Pune, India, with 1,499 employees.
Does Finolex Industries pay a dividend?
Yes. At today's price the dividend is 2.4% a year, about 37% of its yearly profit. In 2026 it paid out ₹2.23 billion in dividends.
Is Finolex Industries stock halal?
Yes. Finolex Industries passes our halal screen: its business is permitted and its debt is 5% of its market value, under the 30% limit. How we check
How has Finolex Industries stock done over the past year?
Down 12.1% over the past twelve months, to ₹148.55. It traded between ₹137.35 and ₹191.80 and is 22.5% below its high.
Who are Finolex Industries's competitors?
The largest listed companies in the same industry are Trane Technologies, Johnson Controls International, Carrier Global and Daikin Industries,Ltd.. The peers table on this page compares their profit, growth and price with Finolex Industries's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.