Finolex Industries Ltd
NSE:FINPIPE

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Finolex Industries Ltd
NSE:FINPIPE
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Price: 164.72 INR 1.67% Market Closed
Market Cap: ₹101.8B

ROE

8%
Current
Declining
by 1.9%
vs 3-y average of 9.9%

Return on Equity (ROE) measures how effectively a company generates profit from shareholders` equity. It shows how much net income is earned for each dollar invested by shareholders.

ROE
8%
=
Net Income
₹5B
/
Avg Total Equity
₹63.1B

Return on Equity (ROE) measures how effectively a company generates profit from shareholders` equity. It shows how much net income is earned for each dollar invested by shareholders.

ROE
8%
=
Net Income
₹5B
/
Avg Total Equity
₹63.1B

Peer Comparison

Country Company Market Cap ROE
IN
Finolex Industries Ltd
NSE:FINPIPE
100.2B INR
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SA
Saudi Basic Industries Corporation SJSC
SAU:2010
228.3B SAR
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ID
Chandra Asri Pacific PT Tbk
OTC:PTPIF
45.6B USD
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ID
Chandra Asri Petrochemical Tbk PT
IDX:TPIA
534.2T IDR
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US
Dow Inc
NYSE:DOW
28B USD
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CN
Hengli Petrochemical Co Ltd
SSE:600346
164.9B CNY
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UK
LyondellBasell Industries NV
NYSE:LYB
23.7B USD
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TW
Nan Ya Plastics Corp
TWSE:1303
675.7B TWD
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KR
LG Chem Ltd
KRX:051910
27.9T KRW
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CN
Rongsheng Petrochemical Co Ltd
SZSE:002493
126.4B CNY
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US
Westlake Corp
NYSE:WLK
15.1B USD
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Market Distribution

In line with most companies in India
Percentile
40th
Based on 4 158 companies
40th percentile
8%
Low
-3 688.9% — 5.1%
Typical Range
5.1% — 16%
High
16% — 7 187.1%
Distribution Statistics
India
Min -3 688.9%
30th Percentile 5.1%
Median 11.1%
70th Percentile 16%
Max 7 187.1%

Finolex Industries Ltd
Glance View

Market Cap
101.8B INR
Industry
Chemicals

At the heart of India's industrial revolution, Finolex Industries Ltd. has emerged as a stalwart in the polymer space, weaving its narrative through decades of innovation and resilience. Founded in 1981, this Pune-based company initially tapped into the burgeoning demand for PVC pipes, aligning itself with India’s growing infrastructure needs. Driven by the vision of transforming industrial capabilities, Finolex embraced the challenge of enhancing agricultural productivity and addressing urban infrastructure demands. Over time, it meticulously expanded its footprint, creating a robust pipeline of products ranging from agricultural pipes to sophisticated plumbing solutions, converting what was once a humble product into a cornerstone of Indian agriculture and urban development. Finolex's business model thrives on its integrated approach. The company manufactures polyvinyl chloride (PVC) resin, leveraging vertical integration to maintain cost efficiency and supply reliability. Its manufacturing prowess is augmented by a strategic distribution network that spans the country's landscape, ensuring that its products are always within reach for its target market. This mastery over supply chain logistics and production not only drives sales but also fortifies its position against economic fluctuations and competitive pressures. The company's revenue streams primarily flow from the sale of these PVC products, which are essential for diverse sectors such as agriculture, housing, telecommunications, and construction. By continually aligning its vision with India's socio-economic development, Finolex not only secures its financial health but also resonates deeply with the fabric of the nation's growth story.

FINPIPE Intrinsic Value
167.37 INR
Undervaluation 2%
Intrinsic Value
Price ₹164.72
What is Return on Equity?
Return on Equity (ROE) measures how effectively a company generates profit from shareholders` equity. It shows how much net income is earned for each dollar invested by shareholders.
How is ROE calculated?

ROE is calculated by dividing the Net Income by the Avg Total Equity.

ROE
8%
=
Net Income
₹5B
/
Avg Total Equity
₹63.1B
What is Finolex Industries Ltd's current ROE?

The current ROE for Finolex Industries Ltd is 8%, which is below its 3-year median of 9.9%.

How has ROE changed over time?

Over the last 3 years, Finolex Industries Ltd’s ROE has decreased from 15.6% to 8%. During this period, it reached a low of 5.7% on Mar 31, 2023 and a high of 16.3% on Jun 30, 2024.

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