Finolex Industries Limited (500940) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Finolex Industries Limited ₹118, price ₹151, upside -21.6%, quality 55 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range ₹124.13 – ₹340.56 · fair‑value band ₹81.29 – ₹169.58 · the ₹150.50 price screens above the ₹118.06 fair value. Dashed = 300-day average. As of Sep 24, 2026.
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Finolex Industries Limited manufactures and sells polyvinyl chloride (PVC) pipes and fittings, and PVC resins in India. It operates in two segments, PVC Resin and PVC Pipes and Fittings.
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Finolex Industries Limited manufactures and sells polyvinyl chloride (PVC) pipes and fittings, and PVC resins in India. It operates in two segments, PVC Resin and PVC Pipes and Fittings. The company offers agriculture pipes and fittings; column pipes; casting pipes; solvent cement and lubricant; ASTM plumbing pipes and fittings; CPVC pipes and fittings; underground sewerage pipes; and SWR pipes and fittings. Its PVC resins has applications in various areas, such as manufacturing of pipes, insulation of cables, window profiles, flooring, blister packaging, etc. The company also generates and sells power. It distributes its products through dealers, warehouses, and retail outlets. Finolex Industries Limited was founded in 1956 and is headquartered in Pune, India.
Stock analysis
Finolex Industries Limited (500940) currently trades at ₹150.50, while our model-based Fair Value estimate is ₹118.06, 21.6% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹361.05 per share, and 11 of the 24 models we run sit above the ₹150.50 price.
Bear case: the Dividend Discount group reads lowest at ₹43.96, and 13 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹81.29 (bear) to ₹169.58 (bull), the price of ₹150.50 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 55/100 (solid quality), in the Consumer Goods sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Finolex Industries Limited reported revenue of ₹41.4B in FY2025 versus ₹34.6B in FY2021, a compound +4.6%/yr. Reported net income was ₹8.0B in FY2025, compounding +2.0%/yr from FY2021.
Key figures
Market cap ₹93.1B (≈ $966M) · P/E ratio 29.7 · P/S ratio 5.73 · EPS (TTM) ₹27.14 · Dividend yield 3.3% · Net margin 19.3% · Return on equity 14.1% · Return on assets (EBIT) 10.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 27% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Goods peers we cover trades at −30% fair-value upside, at −22%, 500940 screens cheaper than that median.
Fair Value models
Bear ₹81.29Fair Value ₹118.06Bull ₹169.58
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (₹7.14 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−4.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−3.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.8%
Start year 2020 (pandemic). Over 10 years: +5.3% a year
Revenue growth 11 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.9%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ −2.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−5.9%
Dividend (yield on the price)3.3%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.13% → 9%
⚠ Rate on operating basis: 2025 sits 69% above its own trend.
Compare Finolex Industries Limited with another stock
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Peer GroupⓘHow this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Rubber & Plastics” was too small, so the broader sector is used.)Industrials · 5311 stocks
Beats the sector median on 8/12 measures
Overall it ranks above its sector peers.
Valuation
Quality Score55 · Above median
Fair Value upside+6.0% · Above median
Profitability
Return on equity (TTM)14.1% · Above median
Return on assets8.7% · Top 25%
Net margin (TTM)12.9% · Top 25%
Operating margin (TTM)16.2% · Top 25%
Growth and dividend
Revenue growth1.6% · Below median
Dividend yield (TTM)3.3% · Above median
Valuation Multiplesvs Industrials median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Finolex Industries Limited (500940) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ₹118.06 versus a price of ₹150.50, about −22% upside (overvalued).
What is the fair value of 500940?
Our model-based fair value for Finolex Industries Limited is ₹118.06 (as of Sep 24, 2026), built from audited fundamentals. The current price: ₹150.50.
What is the quality score of 500940?
Finolex Industries Limited has a Quality Score of 55/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Finolex Industries Limited (500940)?
Our model-based price target is the fair value of ₹118.06 (as of Sep 24, 2026) from 24 valuation models. Cautious scenario ₹81.29, optimistic scenario ₹169.58. It is a calculation from audited fundamentals, not an analyst target.
What is the Finolex Industries Limited stock forecast for 2026?
Our models put fair value at ₹118.06, about −22% upside versus a price of ₹150.50 (overvalued). Cautious scenario ₹81.29, optimistic scenario ₹169.58. The calculation is refreshed regularly with new filings.
What is the revenue of Finolex Industries Limited (500940)?
Finolex Industries Limited reported trailing-twelve-month revenue of about ₹26.1B (latest available figure, as of Sep 24, 2026).
Does Finolex Industries Limited pay a dividend?
Finolex Industries Limited currently shows a dividend yield of about 3.28% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Finolex Industries Limited (500940)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Finolex Industries Limited it is ₹118.06 per share (as of Sep 24, 2026), against a price of ₹150.50. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Finolex Industries Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 500940 trades above its calculated fair value: price ₹150.50, fair value ₹118.06, a gap of about −22% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 500940?
No. The price is what the market pays today (₹150.50); the fair value is what the company's own numbers justify (₹118.06). For Finolex Industries Limited the two are ₹32.44 per share apart. That gap is exactly why we show both numbers side by side.
How much is Finolex Industries Limited worth?
The market values Finolex Industries Limited at about ₹93.1B (market capitalisation, as of Sep 24, 2026). Per share that is ₹150.50; our models calculate a fair value of ₹118.06 per share.
What do the bullish and bearish scenarios say about 500940?
Our models span a range for Finolex Industries Limited: cautious scenario ₹81.29, base ₹118.06, optimistic ₹169.58 per share (as of Sep 24, 2026, price ₹150.50). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 500940?
Finolex Industries Limited trades at a price-to-earnings ratio of 29.7 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹118.06 is built from several models across several years. Other multiples: P/B 1.5, P/S 3.6, EV/EBITDA 18.6.
How solid is the balance sheet of Finolex Industries Limited (500940)?
Balance-sheet figures for Finolex Industries Limited (as of Sep 24, 2026): return on equity 14.1%. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is 500940 from its 52-week high?
Finolex Industries Limited trades at ₹150.50, about 27% below its 52-week high of ₹205.85 and 1% above the low of ₹149.25 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹118.06 is for.
Which stocks are comparable to Finolex Industries Limited?
From the same area (Consumer Goods) we also value KRYPTONQ, HALDYNGL, TRITONV, Saint-Gobain Sekurit India Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Finolex Industries Limited stock attractive at the current price?
The data as of Sep 24, 2026: price ₹150.50, calculated fair value ₹118.06 (−22%), Quality Score 55/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 500940 calculated?
We run Finolex Industries Limited through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹118.06, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Finolex Industries Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Finolex Industries Limited (500940)?
The closing price on Oct 1, 2026 was ₹150.50. Our model-based fair value is ₹118.06, about −22% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Finolex Industries Limited right now?
Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (₹81.29 to ₹169.58) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Finolex Industries Limited
How large is the market capitalisation of Finolex Industries Limited (500940)?
The market capitalisation of Finolex Industries Limited is ₹93.1B (≈ $966M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Finolex Industries Limited (500940)?
The price-to-sales ratio of Finolex Industries Limited is 5.73 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Finolex Industries Limited (500940)?
Earnings per share at Finolex Industries Limited are ₹27.14 (price ÷ EPS = P/E 29.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Finolex Industries Limited (500940)?
The dividend yield of Finolex Industries Limited is 3.3% (payout 18.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Finolex Industries Limited (500940)?
The net margin of Finolex Industries Limited is 19.3% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Finolex Industries Limited (500940)?
The return on equity (ROE) of Finolex Industries Limited is 14.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Finolex Industries Limited (500940)?
On an EBIT basis the return on assets of Finolex Industries Limited is 10.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Finolex Industries Limited (500940)?
The operating margin of Finolex Industries Limited is 16.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Finolex Industries Limited (500940)?
Revenue at Finolex Industries Limited is growing +1.6% versus a year earlier (3y avg −3.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Finolex Industries Limited (500940)?
Earnings per share at Finolex Industries Limited are growing +20.1% versus a year earlier. How much earnings per share grew versus a year earlier.
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