Financials Finolex Industries Limited Bombay S.E.

Equities

FINPIPE

INE183A01024

Construction Supplies & Fixtures

Market Closed - Bombay S.E. 06:00:50 2024-04-26 am EDT 5-day change 1st Jan Change
273.2 INR +0.81% Intraday chart for Finolex Industries Limited +8.41% +28.99%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 60,714 48,738 78,925 95,957 105,853 168,862 - -
Enterprise Value (EV) 1 59,067 49,342 72,531 82,401 92,841 154,738 153,096 149,521
P/E ratio 17.4 x 15 x 10.8 x 9.11 x 44.7 x 39.9 x 29 x 24.2 x
Yield 2.04% 2.55% 1.57% 2.59% 0.88% 1.31% 1.62% 1.82%
Capitalization / Revenue 1.96 x 1.63 x 2.28 x 2.06 x 2.41 x 3.95 x 3.45 x 3.02 x
EV / Revenue 1.91 x 1.65 x 2.09 x 1.77 x 2.11 x 3.62 x 3.13 x 2.67 x
EV / EBITDA 9.77 x 11 x 7.33 x 8.05 x 31.7 x 28.8 x 20.6 x 17.1 x
EV / FCF 19.3 x 138 x 8.28 x 15.3 x 69.9 x 51.2 x 42.2 x 30.5 x
FCF Yield 5.17% 0.72% 12.1% 6.52% 1.43% 1.95% 2.37% 3.28%
Price to Book 2.36 x 2.53 x 2.57 x 2.48 x 2.19 x 3.3 x 3.11 x 2.87 x
Nbr of stocks (in thousands) 620,477 620,477 620,477 620,477 620,477 618,314 - -
Reference price 2 97.85 78.55 127.2 154.6 170.6 273.1 273.1 273.1
Announcement Date 5/25/19 6/23/20 6/25/21 5/18/22 5/22/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 30,913 29,860 34,628 46,473 43,970 42,723 48,931 55,962
EBITDA 1 6,043 4,481 9,893 10,237 2,925 5,375 7,449 8,720
EBIT 1 5,342 3,743 9,116 9,403 2,033 4,193 6,395 7,595
Operating Margin 17.28% 12.53% 26.33% 20.23% 4.62% 9.81% 13.07% 13.57%
Earnings before Tax (EBT) 1 5,356 3,932 9,768 13,855 2,975 5,611 7,774 9,213
Net income 1 3,498 3,242 7,280 10,535 2,366 4,238 5,845 6,992
Net margin 11.32% 10.86% 21.02% 22.67% 5.38% 9.92% 11.94% 12.49%
EPS 2 5.638 5.226 11.73 16.98 3.820 6.846 9.433 11.30
Free Cash Flow 1 3,054 357.7 8,761 5,376 1,328 3,020 3,632 4,906
FCF margin 9.88% 1.2% 25.3% 11.57% 3.02% 7.07% 7.42% 8.77%
FCF Conversion (EBITDA) 50.54% 7.98% 88.55% 52.51% 45.41% 56.18% 48.76% 56.27%
FCF Conversion (Net income) 87.3% 11.03% 120.34% 51.03% 56.15% 71.26% 62.14% 70.16%
Dividend per Share 2 2.000 2.000 2.000 4.000 1.500 3.588 4.412 4.962
Announcement Date 5/25/19 6/23/20 6/25/21 5/18/22 5/22/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: Marzo 2021 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 11,478 10,669 12,493 9,657 10,830 10,052 15,946 11,898 9,411 11,248 11,411 11,792 9,853 12,371 12,126
EBITDA 1 2,330 3,467 4,100 2,095 3,015 2,419 2,647 1,259 -1,427 918.7 2,174 1,525 1,308 1,587 1,723
EBIT - - - - 2,808 2,207 2,431 - - 693.7 1,936 - - 1,127 1,118
Operating Margin - - - - 25.93% 21.96% 15.25% - - 6.17% 16.97% - - 9.11% 9.22%
Earnings before Tax (EBT) 1 - - - 2,000 3,103 2,392 6,359 - - 920.6 2,164 1,493 1,261 1,827 1,930
Net income 1 1,748 2,559 2,973 1,468 2,351 1,778 4,938 1,001 -939.2 720.7 1,584 1,109 970.7 1,265 1,298
Net margin 15.23% 23.98% 23.8% 15.2% 21.71% 17.68% 30.97% 8.41% -9.98% 6.41% 13.88% 9.4% 9.85% 10.23% 10.7%
EPS 2 - 4.124 4.790 2.370 3.790 2.860 7.960 - -1.510 1.160 2.550 1.790 1.500 1.850 1.850
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 10/26/20 2/1/21 6/25/21 7/30/21 10/30/21 1/25/22 5/18/22 7/22/22 10/21/22 2/4/23 5/22/23 7/19/23 - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: Marzo 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 603 - - - - - -
Net Cash position 1 1,646 - 6,394 13,555 13,013 14,124 15,766 19,341
Leverage (Debt/EBITDA) - 0.1346 x - - - - - -
Free Cash Flow 1 3,054 358 8,761 5,376 1,329 3,020 3,632 4,906
ROE (net income / shareholders' equity) 13.9% 14.5% 29.1% 22.1% 5.71% 8.35% 10.9% 12.3%
ROA (Net income/ Total Assets) - - 20.7% 22.3% 4.15% 6.9% 8.9% 9.7%
Assets 1 - - 35,111 47,339 57,017 61,413 65,671 72,087
Book Value Per Share 2 41.50 31.10 49.50 62.30 78.00 82.80 87.70 95.10
Cash Flow per Share - - - - - - - -
Capex 1 1,020 613 649 844 1,687 1,598 1,708 1,763
Capex / Sales 3.3% 2.05% 1.87% 1.82% 3.84% 3.74% 3.49% 3.15%
Announcement Date 5/25/19 6/23/20 6/25/21 5/18/22 5/22/23 - - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

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