Finolex Industries Limited
FINOLEXIND.BO
Bombay Stock Exchange238.05
INR
+1.10
- -
Finolex Industries Limited
FINOLEXIND.BO
(Bombay Stock Exchange)
Recent
price
238.05
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Finolex Industries Limited manufactures PVC pipes and fittings, as well as PVC resin, serving agriculture, plumbing, sanitation, irrigation, construction, and industrial sectors across India. The company produces a comprehensive range of PVC-U pipes and fittings including agricultural pipes, pressure pipes for irrigation and domestic water supply, borewell casing and column pipes, ASTM plumbing systems, and CPVC hot-and-cold water pipes and fittings; it also manufactures PVC resin at its integrated facilities. Finolex Industries, founded in 1981 and headquartered in Pune, Maharashtra, operates manufacturing plants in Pune, Ratnagiri in Maharashtra, and Masar in Gujarat, positioning it as India's largest producer of PVC pipes and fittings and a leading PVC resin manufacturer with backward integration. Recent expansions include a 50,000-tonne increase in pipes capacity to 520,000 tonnes, with INR 100-150 crore investment completed by Q1 FY26 at existing locations; plans for further double-digit capacity growth over five years to support market demand; and a March 2024 acquisition of a 15.30% stake in Hinduja Renewables One Private Limited for INR 3.14 crore to secure 8.36 MW solar power over 25 years, enhancing sustainability initiatives.