Risk factor
Limited trading liquidity
Profitability factor
Decent dividends
About
Finolex Industries Limited is India's largest manufacturer of PVC pipes and fittings, and one of the largest producers of PVC resin. The company operates through PVC Resin and PVC Pipes & Fittings segments, offering a wide range of products for agriculture, construction, plumbing, and sanitation. Its products include agriculture pipes, column and casing pipes, CPVC, ASTM plumbing, SWR, and sewerage pipes, along with solvent cements and primers. The company has manufacturing facilities in Maharashtra and Gujarat and distributes its products through a large network of dealers and retailers across India.
Company Valuation
From both historical and forecast perspectives, the stock is fairly priced compared to similar stocks. In particular, the stock is reasonably priced on P/E, of fair value
Target Price
The average target price of FINPIPE.NS is 198 and suggests 30.3% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to