Please refer to important disclosures at the end of this report
Finolex Industries Limited is a manufacturer of polyvinyl chloride (PVC) pipes and
fittings, and PVC resins. Finolex industries being literally a net debt free entit
seems to have nominal capex outgo in the period to result in stronger dividend
payouts going ahead. Demand outlook for agri pipe remains strong led b
drivers in the form of rising focus on irrigation projects by central and state
governments, GST implementation pushing organised market, rising demand
from the industrial and low cost housing segments along with benign crude
prices adding to the demand for the PVC agri pipes. The company is virtuall
debt free and has been maintaining a healthy dividend payout o
52.22%(Dividend yield of ~2.10%). Hence Buy
CMP `471
Stock Info
Net Debts 212
Beta 0.6
Bloomberg Code
Shareholding Pattern (%)
Promoters 52.5
MF / Banks / Indian Fls 7.8
FIIs/NRIs/OCBs 4.1
Indian Public / Others 35.6
Abs. (%) 3m 1yr 3yr
Sensex 6.3 8.1 53.2
Finolex Inds. 19.4 81.4 352.3
Plastics Tubes & Pipes
Reuters Code FINX.NS
BSE Sensex 28,978
Nifty 8,943
Market Cap (
cr) 5,844
52 Week High / Low 498/248
Avg. Daily Volume 15,208
Face Value (
Vaibhav Agrawal
022 – 3935 7800 Ext: 6808
Finolex Industries
Others | Plastics Tubes & Pipes
September 7, 2016
Finolex Industries | Plastics Tubes & Pipes
September 7, 2016
Research Team Tel: 022 - 39357800 E-mail: [email protected] Website:
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