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Finolex Industries (FINPIPE)₹144.66−1.17%Plastic Products - Industrial
In the Sep 2026 quarter (consolidated), Finolex Industries reported sales of ₹1,091 Cr, up 27.4% from Sep 2025, and net profit of ₹115 Cr, down 7.3% year on year. For the year to Mar 2026, sales were ₹4,101 Cr and net profit ₹601 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,016 | 1,231 | 1,136 | 825 | 998 | 1,168 | 1,039 | 857 | 896 | 1,310 | 881 | 1,091 |
| Expenses | 903 | 1,030 | 938 | 821 | 921 | 1,004 | 953 | 731 | 778 | 985 | 779 | 973 |
| Operating Profit | 120 | 209 | 207 | 11.02 | 83.10 | 171 | 94.11 | 130 | 123 | 333 | 107 | 124 |
| OPM % | 12.0% | 17.0% | 18.0% | 1.3% | 8.0% | 15.0% | 9.0% | 15.0% | 14.0% | 25.0% | 12.0% | 11.0% |
| Other Income | 47.12 | 54.07 | 473 | 85.12 | 66.11 | 85.19 | 69.15 | 68.17 | 63.11 | 53.09 | 76.18 | 57.16 |
| Interest | 7.99 | 6.99 | 6.99 | 6.99 | 9.99 | 5.99 | 5.99 | 3.99 | 2.99 | 7.99 | 6.99 | 2.99 |
| Depreciation | 28.10 | 27.09 | 26.08 | 26.07 | 27.10 | 27.08 | 27.09 | 27.10 | 26.07 | 26.07 | 27.10 | 28.07 |
| Profit before tax | 132 | 230 | 647 | 62.13 | 112 | 223 | 131 | 166 | 157 | 351 | 148 | 150 |
| Tax % | 27.0% | 28.0% | 23.0% | 34.0% | 16.0% | 26.0% | 25.0% | 26.0% | 26.0% | 26.0% | 23.0% | 23.0% |
| Exceptional items | 0.00 | 0.00 | 324 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 95.20 | 165 | 502 | 41.09 | 94.26 | 165 | 98.18 | 124 | 116 | 262 | 115 | 115 |
| EPS (Rs) | 1.55 | 2.67 | 8.09 | 0.67 | 1.53 | 2.66 | 1.59 | 2.00 | 1.88 | 4.22 | 1.86 | 1.86 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,476 | 2,596 | 2,729 | 3,084 | 2,977 | 3,451 | 4,636 | 4,383 | 4,303 | 4,129 | 4,101 | 4,179 |
| Expenses | 2,081 | 2,045 | 2,260 | 2,495 | 2,545 | 2,480 | 3,638 | 4,121 | 3,747 | 3,679 | 3,446 | 3,515 |
| Operating Profit | 408 | 564 | 485 | 605 | 449 | 992 | 1,026 | 294 | 586 | 477 | 681 | 687 |
| OPM % | 16.0% | 22.0% | 18.0% | 20.0% | 15.0% | 29.0% | 22.0% | 7.0% | 14.0% | 12.0% | 16.0% | 16.5% |
| Other Income | 71.18 | 32.07 | 40.05 | 26.07 | 55.08 | 87.17 | 458 | 145 | 218 | 705 | 254 | 250 |
| Interest | 44.95 | 14.98 | 9.99 | 11.99 | 10.99 | 6.99 | 13.99 | 26.99 | 35.97 | 29.98 | 20.97 | 20.96 |
| Depreciation | 51.13 | 55.22 | 61.19 | 70.21 | 74.20 | 78.27 | 83.31 | 89.32 | 116 | 107 | 107 | 107 |
| Profit before tax | 384 | 526 | 455 | 548 | 419 | 993 | 1,385 | 322 | 652 | 1,045 | 806 | 807 |
| Tax % | 33.0% | 32.0% | 33.0% | 33.0% | 20.0% | 26.0% | 24.0% | 22.0% | 27.0% | 23.0% | 26.0% | — |
| Exceptional items | 26.09 | 6.02 | 4.01 | −19.06 | 0.00 | 0.00 | 295 | 24.09 | 45.17 | 621 | 72.20 | 0.00 |
| Net Profit | 259 | 356 | 307 | 368 | 334 | 739 | 1,054 | 251 | 475 | 802 | 601 | 608 |
| EPS (Rs) | 4.16 | 5.73 | 4.95 | 5.93 | 5.37 | 11.92 | 16.98 | 4.05 | 7.65 | 12.91 | 9.66 | 9.82 |
| Dividend payout % | 48.0% | 39.9% | 41.0% | 34.0% | 37.0% | 34.0% | 24.0% | 37.0% | 33.0% | 28.0% | 28.0% | — |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 124 | 124 | 124 | 124 | 124 | 124 | 124 | 124 | 124 | 124 | 124 |
| Reserves | 1,469 | 2,195 | 2,676 | 2,457 | 1,866 | 3,019 | 3,812 | 4,791 | 5,521 | 5,985 | 6,102 |
| Borrowings | 212 | 94.16 | 101 | 90.10 | 283 | 204 | 279 | 542 | 395 | 237 | 447 |
| Other Liabilities | 586 | 591 | 613 | 669 | 626 | 956 | 1,145 | 845 | 1,035 | 1,053 | 939 |
| Total Liabilities | 2,391 | 3,005 | 3,515 | 3,340 | 2,898 | 4,304 | 5,360 | 6,303 | 7,074 | 7,400 | 7,613 |
| Fixed Assets | 854 | 858 | 888 | 954 | 1,020 | 1,006 | 997 | 1,060 | 1,059 | 1,011 | 1,020 |
| CWIP | 7.02 | 22.07 | 90.20 | 90.25 | 7.02 | 8.03 | 9.03 | 44.14 | 19.04 | 73.23 | 28.06 |
| Investments | 856 | 1,267 | 1,611 | 1,366 | 658 | 1,682 | 2,726 | 3,964 | 4,597 | 4,924 | 4,982 |
| Other Assets | 675 | 857 | 926 | 930 | 1,213 | 1,606 | 1,627 | 1,235 | 1,399 | 1,392 | 1,582 |
| Inventories | 446 | 555 | 609 | 617 | 855 | 916 | 1,012 | 670 | 726 | 779 | 1,022 |
| Trade receivables | 18.01 | 52.03 | 42.99 | 74.06 | 72.96 | 148 | 334 | 298 | 458 | 379 | 362 |
| Cash & equivalents | 10.03 | 16.07 | 23.09 | 28.08 | 93.31 | 337 | 81.33 | 61.17 | 32.13 | 125 | 60.21 |
| Total Assets | 2,391 | 3,005 | 3,515 | 3,340 | 2,898 | 4,304 | 5,360 | 6,303 | 7,074 | 7,400 | 7,613 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 569 | 252 | 338 | 391 | 106 | 940 | 622 | 308 | 353 | 383 | 192 |
| Cash from investing activity | −76.67 | 34.86 | −161 | −227 | 48.81 | −874 | −439 | −293 | −82.65 | 7.96 | −155 |
| Cash from financing activity | −493 | −281 | −175 | −163 | −105 | −89.88 | −190 | −28.96 | −276 | −349 | −48.92 |
| Net cash flow | −1.99 | 3.99 | 0.99 | 0.00 | 50.87 | −25.95 | −7.98 | −14.97 | −5.98 | 41.91 | −12.98 |
| Capex | 32.89 | 95.80 | 173 | 102 | 60.88 | 64.83 | 83.80 | 169 | 85.72 | 116 | 64.88 |
| Free cash flow | 540 | 157 | 166 | 290 | 46.10 | 878 | 921 | 140 | 268 | 269 | 133 |
| CFO / OP % | 156.1% | 76.1% | 95.0% | 94.0% | 49.1% | 116.1% | 94.0% | 128.0% | 85.0% | 122.1% | 53.0% |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 4 | 8 | 7 | 10 | 10 | 17 | 27 | 26 | 40 | 34 | 33 |
| Inventory days | 99 | 127 | 127 | 119 | 163 | 175 | 131 | 80 | 98 | 107 | 158 |
| Days payable | 55 | 52 | 52 | 55 | 44 | 84 | 60 | 35 | 39 | 61 | 57 |
| Cash conversion cycle | 48 | 83 | 81 | 74 | 129 | 108 | 98 | 71 | 98 | 80 | 134 |
| Working capital days | 0 | 28 | 32 | 33 | 39 | 22 | 17 | −6 | 13 | 20 | 32 |
| ROCE % | — | 25.1% | 17.1% | 21.1% | 17.1% | 36.1% | 27.1% | 7.1% | 11.1% | 9.0% | 12.1% |
For the Sep 2026 quarter, Finolex Industries reported sales of ₹1,091 Cr, up 27.4% year on year and net profit of ₹115 Cr, down 7.3% year on year. The operating margin was 11.0%.
Finolex Industries' sales for the year to Mar 2026 were ₹4,101 Cr; over the last twelve months they were ₹4,179 Cr.
Net profit for the year to Mar 2026 was ₹601 Cr, and ₹608 Cr over the last twelve months. Earnings per share over the same trailing period were ₹9.82.
Finolex Industries reported borrowings of ₹447 Cr at Mar 2026, against cash and equivalents of ₹60.21 Cr.
Cash from operations was ₹192 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹133 Cr.