Finolex Industries Limited
FINPIPE · NSE · Industrials
With a 20% margin of safety, our buy-below price is ₹206.72.
Piotroski F-score 2/9 — quality of earnings & balance sheet.
Investability checklist
- ✕ROE above 15%9.7%
- ✓Low debt (D/E < 0.5)0.07x
- ✓Positive free cash flow
- ✓Revenue growth > 10%12%
- ✓Earnings growing59%
- ✓Net margin ≥ 10%14.6%
- ✓Current ratio > 1.53.54
- ✓Below our fair value
- ✓Margin of safety ≥ 20%
- ✕Above 200-day average
- ✕Above 50-day average
- –Positive 1-year return
- ✓Altman Z in safe zoneZ 6.33
- ✕Piotroski ≥ 72/9
1-year price
EOD · 2026-06-16Our scores
Durability rewards strong, low-debt, profitable businesses; Valuation rewards stocks cheap vs their sector; Momentum rewards strong price trends.
Quarterly results
Annual financials
Shareholding
Promoter holding via insider stake; institutional via reported holdings.
Analyst views
Key fundamentals
SWOT snapshot
Strengths
- •Lightly leveraged balance sheet.
- •Financially solid — Altman Z 6.33.
Weaknesses
- •Price below its 200-day moving average (downtrend).
- •Weak Piotroski score (2/9).
Opportunities
- •Earnings growing (59% YoY).
- •Revenue growing (12% YoY).
- •Trading in our value buy zone versus sector peers.
- •Trades ~51% below our estimated fair value.
About Finolex Industries Limited
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. The company offers agriculture pipes and fittings; column pipes; casing pipes; and solvent cement and lubricants
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Our verdict, fair value, financial-health and checklist are StocksWizard's own estimates, computed from public end-of-day data using standard models (DCF, relative valuation, Altman Z, Piotroski). For information only — not investment advice or a recommendation. Verify independently before investing.