Finolex Industries Ltd (FINPIPE)

Finolex Industries Witnesses Surge After Strong Performance and Volume Growth Guidance - 14 May, 2024

Finolex Industries' stock witnessed significant gains as the company reported healthy volume growth and guided for higher single-digit volume growth in its agri-business and 20% growth in non-agri pipes and fittings segments. The company's Q4FY24 results showed an 8.27% YoY rise in total income, while management guidance for FY25 indicated 10-12% volume growth. Analyst Prabhudas Lilladher recommends holding the stock with a target price of Rs 270.

Finolex Industries Reports Mixed Results for Q4 FY24 - 13 May, 2024

Finolex Industries reported mixed results for Q4 FY24, with a 1% YoY decline in net profit and an 8.3% increase in revenue from operations. However, the company also reported a 1.9% rise in net profit and an 8.3% increase in total income from operations compared to Q4 FY23.

Finolex Industries FY2024 Results Exceed Analyst Estimates - 12 May, 2024

Finolex Industries reported a 2.3% YoY increase in revenue and an 89% YoY increase in net income for FY2024, with profit margin increasing to 11%. EPS also increased significantly. The company's shares are up 1.0% from a week ago. Revenue is forecasted to grow at 11% p.a. on average during the next two years.

Finolex Industries Reports Rise in Q4 Profit - 11 May, 2024

Finolex Industries has reported a 2% rise in standalone profit after tax to Rs 161.43 crore in the March 2024 quarter, driven by higher revenues. The company's EBITDA fell 3.91% to Rs 208.93 crore compared to last year. Prakash P Chhabria, Executive Chairman, expects further improvement with increased focus on plumbing and sanitation segment.

Public Companies See Gain in Holdings Value of Finolex Industries - 09 May, 2024

The largest shareholders among public companies saw a gain in holdings value after Finolex Industries' stock jumped 4.7% last week. With significant control over the company, the general public has more power to influence management and governance-related decisions. The top two shareholders hold 51% of the business.

Finolex Industries Sees Surge in Volume, Target Price Reduced - 24 Apr, 2024

Finolex Industries saw a surge in trading volume with a 7.25% increase in stock price to Rs.273.50. However, CD Equisearch reduced the company's target price due to weak earnings in its PVC segment.

Finolex Industries Faces Capital Allocation Issues - 16 Apr, 2024

Finolex Industries may face challenges allocating capital as its ROCE has decreased to 8.6% from 17% five years ago, and revenue has dropped while employing more capital, indicating a potential loss of competitive advantage or market share.