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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Finolex Industries Limited is an India-based backward-integrated pipes and fittings company. The Company is engaged in the business of manufacturing polyvinyl chloride (PVC) pipes and fittings and PVC resin. The Company operates through two segments: PVC and PVC pipes and…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, fast-growing business, trading cheap versus its own history.
Finolex Industries is scored on the general / industrial framework. It keeps a healthy 13.8% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT 0.32×) — worth a closer look. Free cash flow is worth about 0.4% of its market value.
Over the last 3 years revenue compounded at -1%/yr and profit at 34%/yr. Book value has grown 8%/yr. Return on equity is a modest 8.0%. In the latest quarter profit grew 0% versus the prior quarter.
At 15× earnings, the stock sits at the 17th percentile of its own 3.6-year range — the cheap end of where it has historically traded. Today's price implies ~5%/yr earnings growth for a decade. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 14.51 | 38.38 | better |
| P/B | 1.17 | 2.02 | better |
| EV/EBITDA | 9.64 | 10.1 | better |
| ROE | 8.03 | 8.48 | worse |
| ROCE | 10.71 | 7.07 | better |
| ROA | 6.83 | — | — |
| Quick Ratio | 2.63 | — | — |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Supreme Industries | 35.5 | 6.3 | 17.7% |
| Astral | 59.3 | 8.0 | 13.4% |
| Shaily ENG Plastics | 75.0 | 16.8 | 22.4% |
Negative CAGR — the top line has shrunk over this window.
Profit is on a 2-year growth streak. Profit is growing faster than revenue (34% vs -1%) — margin expansion is at work.
Operating margin has expanded from 7% to 19% — the business is keeping more of each rupee earned. The gap between operating and net margin is widening — interest or tax costs are rising.
ROE at 10% — modest; the capital isn't working hard.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. 34% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 0.3× PAT — reported profit isn't translating into cash, raising earnings quality questions. Financing outflows in consecutive years — balance-sheet discipline through debt repayment or dividends.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 20% sequentially — momentum is building. Run-rate fading — recent quarters 8% below earlier ones.
Quarterly margins are compressing (12% → 10%) — more revenue isn't translating to proportionally more profit.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoter holding at 52.5% — majority control intact.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.