Finolex Industries Ltd
NSE:FINPIPE
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ROE
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.
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.
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
| Min | -3 688.9% |
| 30th Percentile | 5.1% |
| Median | 11.1% |
| 70th Percentile | 16% |
| Max | 7 187.1% |
Other Profitability Ratios
Finolex Industries Ltd
Glance View
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.
See Also
ROE is calculated by dividing the Net Income by the Avg Total Equity.
The current ROE for Finolex Industries Ltd is 8%, which is below its 3-year median of 9.9%.
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.