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Sell Finolex Industries Ltd For Target Rs.140 - Yes Securities Ltd Result Synopsis FNXP’s Q1FY24 performance was largely in-line with our estimates wherein pipe division registered better than expected numbers, while resin segment crippled overall growth. Pipe segment’s volumes came in at 92,181Te, a growth of 28%YoY & 13%QoQ (notably, 4-year CAGR is flat). Strong demand from agri & plumbing segment aided the volume growth for plastic pipes. Drop in PVC resin prices lead to contraction in ASP from Rs135/Kg in previous quarter to Rs125/...
Sell Finolex Industries Ltd For Target Rs.140 - Yes Securities Ltd
Sell Finolex Industries Ltd For Target Rs.140 - Yes Securities Ltd
Source: Yes Securities Ltd
24/07/2023 11:32:04 AM
Sell Finolex Industries Ltd For Target Rs.140 - Yes Securities Will underperform Vs peers, retain SELL!   Result Synopsis Post a robust Q3FY23, Finolex Industries Ltd (FNXP) registered pipe volumes of 81,452Te, a growth of 4%YoY & a decline of 10%QoQ. Demand for pipes was strong from construction & agri segment. Resin biz’s volumes stood at 58,132Te, a degrowth of 27%YoY & 10%QoQ. External sales came in at 6% of total resins vols Vs 8% in previous quarter. ASP per Kg for Pipes came in at Rs135 Vs Rs162/Rs119 in Q4FY22/Q3FY...
Sell Finolex Industries Ltd For Target Rs.140 - Yes Securities
Sell Finolex Industries Ltd For Target Rs.140 - Yes Securities
Source: Yes Securities Ltd
7/06/2023 4:14:07 PM
Buy Greenpanel Industries Ltd For Target Rs.449- Yes Securities Result Synopsis The MDF biz of GREENP registered a decent volume of 137,265cbm, a growth of 10%YoY & 16%QoQ. Blended realizations declined sharply by 10%YoY & 8%QoQ owing to higher sales from exports which stood at 31% of total volumes as compared to 18%/21% in Q4FY22/Q3FY23 respectively wherein realizations contracted by 22%YoY & 6%QoQ. Consequently, margins of MDF biz came in at 21.9% (Vs est of 23%), as compared to 34.6%/25.6% in Q4FY22/Q3FY23 respectively. EBITDA/Cbm stood ...
Buy Greenpanel Industries Ltd For Target Rs.449- Yes Securities
Buy Greenpanel Industries Ltd For Target Rs.449- Yes Securities
Source: Yes Securities
13/05/2023 10:52:23 AM
Buy Greenpanel Industries Ltd For Target Rs.445- Yes Securities Result Synopsis Greenpanel Industries Ltd (GREENP), registered a sluggish quarter wherein top?line degrew by 8%QoQ & remained flattish YoY at Rs4.2Bn (Est Rs4.15Bn). MDF biz (86% revenue declined by 8.5% QoQ owing to 6% degrowth in volumes and 2.5% contraction in realization (export prices dropped sharply by 19%QoQ) over similar period. Plywood biz also reported benign numbers wherein volumes stood at 1.98msqm, degrowth of 3%QoQ & 19%YoY & realizations improved 6%YoY but contra...
Buy Greenpanel Industries Ltd For Target Rs.445- Yes Securities
Buy Greenpanel Industries Ltd For Target Rs.445- Yes Securities
Source: Yes Securities
16/03/2023 3:37:44 PM
Sell Finolex Industries Ltd For Target Rs.127 - Yes Securities Result Synopsis Finolex Industries Ltd (FNXP), registered a strong quarter wherein revenue grew by 12%YoY & 20%QoQ. Pipe segment registered multi?quarter high volumes which stood at 90,936Te, a stellar growth of 92.4%YoY & 52.6%QoQ (3?year CAGR: 28%). The growth was driven by strong demand from agri segment coupled with some element of pent?up demand. However, ASP declined sequentially from Rs135/Kg to Rs119/Kg owing to declining PVC resin prices in first two months of Q3FY23. Simi...
Sell Finolex Industries Ltd For Target Rs.127 - Yes Securities
Sell Finolex Industries Ltd For Target Rs.127 - Yes Securities
Source: Yes Securities
15/03/2023 12:59:29 PM
Buy Finolex Industries Ltd For Target Rs.196 - ICICI Securities Expect margin tailwinds from Q4FY23 We recently interacted with the management of Finolex Industries (Finolex) and following are the key takeaways: 1) Demand from agriculture pipes is yet to pick-up in Q4FY23 post strong demand seen in Dec’22 (partly due to dealer restocking as PVC prices started to increase post a sharp decline). It is hopeful of better demand scenario in March as the busy season for agriculture has started (Feb-May) and PVC prices remain attractive post the steep c...
Buy Finolex Industries Ltd For Target Rs.196 - ICICI Securities
Buy Finolex Industries Ltd For Target Rs.196 - ICICI Securities
Source: ICICI Securities Ltd
8/03/2023 11:37:36 AM
Finolex Industries reports 5% growth sales volumes; sharp correction in PVC prices impacts Pune : Finolex Industries Limited (NSE:FINPIPE|BSE:500940) at its Board Meeting held today announced unaudited financial results for the second quarter ended September 30, 2022. Key Financial Highlights (Standalone): (INR- Cr) Q2 FY23 Highlights: * Total income from operations was Rs 941.13 Cr for Q2FY23 – down 13.1% against Rs 1,082.57 Cr in Q2FY22. * Volume in Pipes & Fittings segment was up 6.8% to 59,218 MT in Q2FY23 against 55,453 MT in Q2FY22. * Volume in Re...
Finolex Industries reports 5% growth sales volumes; sharp correction in PVC prices impacts
Finolex Industries reports 5% growth sales volumes; sharp correction in PVC prices impacts
Source: PR Agency
22/10/2022 3:00:02 PM
Buy Finolex Industries Ltd For Target Rs.139- Yes Securities Ltd Margins disappoint, downgrade to Neutral! Our view and valuation Finolex Industries Ltd (FIL), reported a soft quarter wherein PVC biz volumes grew by 25%YoY & declined 21%QoQ. Pipe volumes increased by 29%YoY & degrew by 9%QoQ in Q1FY23 which was largely driven by higher growth in non?agri biz. However, margins witnessed a sharp contraction from 21.7%/16.6% in Q1FY22/Q4FY22 respectively to 10.6% in Q1FY23 owing to inventory loss due to sharp fall in PVC prices coupled with high...
Buy Finolex Industries Ltd For Target Rs.139- Yes Securities Ltd
Buy Finolex Industries Ltd For Target Rs.139- Yes Securities Ltd
Source: Yes Securities Ltd
1/09/2022 10:32:42 AM
Buy Finolex Industries Ltd For Target Rs.173 - Anand Rathi Share and Stock Brokers Disappointing performance, near-term pain to persist; retaining a Buy Finolex’s Q1 FY23 revenue grew 23% y/y to Rs11.9bn. Higher input prices slashed the gross margin 726bps y/y to 32.8%. This and higher other operating expenses further hurt the EBITDA margin, which contracted 1,112bps y/y to 10.6%. Higher other income and lower tax restricted the decline in PAT (Rs992m) to 32% y/y (ARe: revenue/EBITDA margin/ PAT of Rs13.2bn/16.3%/Rs1.6bn). The performance considerably belied our ex...
Buy Finolex Industries Ltd For Target Rs.173 - Anand Rathi Share and Stock Brokers
Buy Finolex Industries Ltd For Target Rs.173 - Anand Rathi Share and Stock Brokers
Source: Anand Rathi Share and Stock Brokers
29/07/2022 12:44:34 PM
Buy Finolex Industries Ltd For Target Rs.195 - IDBI Capital Higher raw material prices weighed on margins Summary Finolex Industries’ (FIL) Q1FY23 result was a mixed bag as net sales was beat to our estimate, while margins disappointed owing to inflationary raw material prices. Higher raw material prices dented on demand economics which in turn resulted in lower agri-pipes off-take. However, on a positive note non-agri pipes demand traction was encouraging. The management guided that softening of raw material prices will ease the pricing ...
Buy Finolex Industries Ltd For Target Rs.195 - IDBI Capital
Buy Finolex Industries Ltd For Target Rs.195 - IDBI Capital
Source: IDBI Capital Ltd
26/07/2022 2:42:10 PM
Finolex Inds skid after Q1 PAT drops 32% YoY to Rs 100 cr Finolex Industries fell 4.86% to Rs 133.15 after the company's standalone net profit tumbled 31.8% to Rs 100.09 crore in Q1 FY23 as against Rs 146.80 crore recorded in Q1 FY22. Total income from operations surged 23.2% to Rs 1,189.81 crore in a quarter ended 30 June 2022 from Rs 965.72 crore reported in same period last year. Profit before tax stood at Rs 118.31 crore in Q1 FY23, down 40.9% from Rs 200.04 crore in Q1 FY22. Total expenses spiked 40.46% to Rs 1,096.57 crore in Q1 FY23 over ...
Finolex Inds skid after Q1 PAT drops 32% YoY to Rs 100 cr
Finolex Inds skid after Q1 PAT drops 32% YoY to Rs 100 cr
Source: Accord Fintech
25/07/2022 12:12:35 PM
Finolex Industries Q1 net profit down 31.82% at Rs 100.09 cr The company reported standalone net profit of Rs 100.09 crore for the quarter ended June 30, 2022 as compared to Rs 146.80 crore in the same period last year, registering a year-on-year decline of 31.82 per cent. Net revenue of the company rose substantially by 23.20 per cent at Rs 1,189.81 crore in April-June quarter of this fiscal as against Rs 965.72 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 40.69 per cent to Rs...
Finolex Industries Q1 net profit down 31.82% at Rs 100.09 cr
Finolex Industries Q1 net profit down 31.82% at Rs 100.09 cr
Source: Dion Global Solutions Ltd
23/07/2022 12:50:45 PM
Finolex Industries Q4 net profit jumps 66.08% at Rs 493.80 cr The company reported standalone net profit of Rs 493.80 crore for the quarter ended March 31, 2022 as compared to Rs 297.33 crore in the same period last year, registering a year-on-year growth of 66.08 per cent. Net revenue of the company rose substantially by 27.63 per cent at Rs 1,594.57 crore in January-March quarter of this fiscal as against Rs 1,249.34 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 58.46 per cent to Rs 1,329...
Finolex Industries Q4 net profit jumps 66.08% at Rs 493.80 cr
Finolex Industries Q4 net profit jumps 66.08% at Rs 493.80 cr
Source: Dion Global Solutions Ltd
19/05/2022 10:49:23 AM
Finolex Industries Limited accredited with ‘Responsible Care Logo’ by Indian Chemical Council Joins a league of First 100 companies to achieve this significant sustainability move Mumbai, March 21st, 2022: Finolex Industries Limited is proud to be conferred the 77th company to have permission to use Responsible Care (RC) Logo for its Ratnagiri site. This is one among many steps towards our journey to build world class sustainable manufacturing operations at Finolex and is an enhanced value to all its stakeholders while demonstrating our commitment towards environment...
Finolex Industries Limited accredited with ‘Responsible Care Logo’ by Indian Chemical Council
Finolex Industries Limited accredited with ‘Responsible Care Logo’ by Indian Chemical Council
Source: PR Agency
21/03/2022 2:49:10 PM
Buy Finolex Industries Ltd For Target Rs.213 By IDBI Capital Softness in demand weighed on sales volume Finolex Industries’ (FIL) Q3FY22 result was below our estimates on key parameters. Sharp increase in raw material prices in the earlier quarters and untimely rains during Q3FY22 led to deferment of purchases and dented sales volume for FIL. Net sales declined by 5.8% YoY to Rs10bn, while EBITDA came in at Rs2.4bn, de-growth of 30.2% over Q3FY21. The company reported net profit of Rs1.7bn, lower by 31.6% YoY. Though demand remained laggard in...
Buy Finolex Industries Ltd For Target Rs.213 By IDBI Capital
Buy Finolex Industries Ltd For Target Rs.213 By IDBI Capital
Source: IDBI Capital Ltd
29/01/2022 11:58:51 AM
Buy Finolex Industries Ltd For Target Rs.258 - Edelweiss Financial Services Weak results on volatile PVC prices * Finolex Industries (FIL) reported weak set of numbers in Q3FY22. This could be attributed to decline in volumes resulting from destocking at the dealer/distributor level due to fluctuation in PVC resin prices and COVID’s 3rd wave as well as extended rainfall-impacted agri pipe demand. FIL’s revenue/EBITDA/PAT declined by ~6%/30%/32% YoY, as expected. Revenue/EBITDA/PAT were lower than our estimates by ~3%/8%/9%, respectively. * Gross Mar...
Buy Finolex Industries Ltd For Target Rs.258 - Edelweiss Financial Services
Buy Finolex Industries Ltd For Target Rs.258 - Edelweiss Financial Services
Source: Edelweiss Financial Services Ltd
29/01/2022 9:38:52 AM
Finolex Industries reports PAT of ~ Rs. 178 Cr for Q3 FY22 Finolex Industries reports PAT of ~ Rs. 178 Crfor Q3FY22 9MFY22 Net Revenue is up ~ 38% at Rs. 3,053.92 Crand EBITDA increases ~ 30% to Rs. 753.41 Cr  Pune, 25January 2022:Finolex Industries Limited (NSE:FINPIPE|BSE:500940)at its Board Meeting held today announced unaudited financial results for the thirdquarter ended December31, 2021. Q3 FY22 Highlights: Total income from operations was Rs 1,005.25 Cr for Q3FY22 – down 5.7% against Rs 1,066.06 Cr in Q3FY21. Volume...
Finolex Industries reports PAT of ~ Rs. 178 Cr for Q3 FY22
Finolex Industries reports PAT of ~ Rs. 178 Cr for Q3 FY22
Source: PR Agency
26/01/2022 11:17:33 AM
Quote On Union Budget 2022 expectation By Mr. Prakash P. Chhabria, Finolex Industries Limited Below is quote on Union Budget 2022 expectation By Mr. Prakash P. Chhabria, Executive Chairman, Finolex Industries Limited.  “India is on the path  to become a potential global manufacturing hub. Post the Covid shake-up, economic recovery is still fragile and will necessitate fiscal support. Even globally, the economy is adjusting to the supply chain disruptions due to the pandemic. We are optimistic about the Union budget highlighting support measures for ag...
Quote On Union Budget 2022 expectation By Mr. Prakash P. Chhabria, Finolex Industries Limited
Quote On Union Budget 2022 expectation By Mr. Prakash P. Chhabria, Finolex Industries Limited
Source: PR Agency
17/01/2022 1:23:51 PM
Finolex Industries posts highest ever Q2 results Q2FY22 Net Revenue is up ~ 85% at Rs 1,082.95 Cr and EBITDA more than doubles to Rs. 301.46 Cr Pune, 1st November, 2021: Finolex Industries Limited (NSE:FINPIPE|BSE:500940), India’s only backward integrated manufacturer of PVC Pipes and Fittings, at its Board Meeting held today announced unaudited financial results for the second quarter ended September 30, 2021. Key Financial Highlights: (INR- Cr) Q2 FY22 Highlights: * Total income from operations was Rs 1,082.95 C...
Finolex Industries posts highest ever Q2 results
Finolex Industries posts highest ever Q2 results
Source: PR Agency
1/11/2021 12:16:41 PM
High Conviction Idea - Buy Finolex Industries Ltd For Target Rs.222 - Religare Broking Stellar quarter performance; Growth plans intact Finolex Industries (FIL) Q4FY21 results were above our estimates. Revenue grew by 62.5% YoY to Rs 1,249cr largely driven by better volumes from resin business and realization from both businesses. Resin segment posted growth of 112% YoY to Rs 920.2cr while the company’s pipes and fitting segment grew by 43% YoY to Rs 901.7cr. EBITDA stood at Rs 410.1cr, up by 296% YoY while its margins witnessed strong improvement of 1936bps to 32.8...
High Conviction Idea - Buy Finolex Industries Ltd For Target Rs.222 - Religare Broking
High Conviction Idea - Buy Finolex Industries Ltd For Target Rs.222 - Religare Broking
Source: Religare Broking Ltd
4/10/2021 11:43:57 AM
Update On Finolex Industries Ltd By HDFC Securities Our Take: Finolex Industries (FIL) is one of the largest and only fully integrated plastic piping company in India. It has a strong track record of consistently expanding its piping capacity by more than 3x (114k MT in FY10 to 370k Mt in FY21) over the last decade and has been simultaneously operating a net debt free balance sheet with strong free cash flow generation which has been cumulatively to the tune of Rs. 2521cr over last 10 years. The company has been operating with a clear fo...
Update On Finolex Industries Ltd By HDFC Securities
Update On Finolex Industries Ltd By HDFC Securities
Source: HDFC Securities
15/09/2021 12:22:42 PM
Buy Finolex Industries Ltd For target Rs.222 - Religare Broking Stellar quarter performance; Growth plans intact Finolex Industries (FIL) Q4FY21 results were above our estimates. Revenue grew by 62.5% YoY to Rs 1,249cr largely driven by better volumes from resin business and realization from both businesses. Resin segment posted growth of 112% YoY to Rs 920.2cr while the company’s pipes and fitting segment grew by 43% YoY to Rs 901.7cr. EBITDA stood at Rs 410.1cr, up by 296% YoY while its margins witnessed strong improvement of 1936bps to 32.8...
Buy Finolex Industries Ltd For target Rs.222 - Religare Broking
Buy Finolex Industries Ltd For target Rs.222 - Religare Broking
Source: Religare Broking Ltd
1/07/2021 10:14:13 AM
Buy Finolex Industries Ltd For Target Rs.222 - Religare Broking The best in the industry Finolex Industries Limited (FIL) is a leading manufacturer of PVC pipes and fittings (installed capacity 3,70,000 MT per annum) and the only backward integrated player in PVC resin (installed capacity of 2,72,000 MT per annum). The company offers the latest range of PVC-U pipes and fittings which are used in agriculture, construction and industrial operations. Further, for providing better service to customers, it has strategically located manufacturing plants a...
Buy Finolex Industries Ltd For Target Rs.222 - Religare Broking
Buy Finolex Industries Ltd For Target Rs.222 - Religare Broking
Source: Religare Broking Ltd
8/06/2021 10:34:09 AM