Finolex Key Ratios
NSE: FINPIPE | BSE: 500940
₹155.34
As on 01-Sep-2026IST
Market cap
₹9,633 Cr
Revenue (TTM)
₹3,954 Cr
P/E Ratio
15.7
P/B Ratio
1.5
Div. Yield
1.8 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -32.75 | -15.30 | -2.24 | -3.40 | 0.45 |
| EBIT | -74.13 | 18.09 | 132.19 | 39.15 | -10.75 |
| Net Profit | -56.16 | 16.67 | 54.85 | 32.26 | -5.73 |
| EPS | -56.17 | 16.66 | 54.85 | 32.26 | -5.66 |
| Book Value | -- | -- | 1.93 | 8.22 | 14.72 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 11.23 | 11.71 | 14.78 | 13.91 | 8.91 |
| Net Margin
| 13.75 | 14.08 | 13.84 | 13.85 | 18.23 |
| Return on equity
| 10.64 | 13.56 | 10.15 | 9.73 | 13.64 |
| Return on Capital
| 13.65 | 17.28 | -- | 12.73 | 17.40 |
| Return on Assets
| 8.62 | 10.46 | 7.72 | 8.00 | 11.08 |
| Debt to Equity (x)
| -- | -- | 0.00 | 0.07 | 0.04 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Finolex
|
--
|
12.73
|
17.40
|
12.00
|
7.23
|
|
Peer Median
|
--
|
11.07
|
19.78
|
--
|
--
|
ROE
10.15
Higher than Peers by 2.78
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Finolex
|
10.15
|
9.73
|
13.64
|
8.99
|
5.68
|
|
Peer Median
|
7.37
|
8.42
|
15.60
|
--
|
--
|
ROA
7.72
Higher than Peers by 3.01
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Finolex
|
7.72
|
8.00
|
11.08
|
7.10
|
4.31
|
|
Peer Median
|
4.71
|
4.48
|
8.36
|
--
|
--
|
EBIT Margin
14.78
Higher than Peers by 8.70
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Finolex
|
14.78
|
13.91
|
8.91
|
10.86
|
4.62
|
|
Peer Median
|
6.08
|
6.12
|
6.57
|
--
|
--
|
Net Margin
13.84
Higher than Peers by 9.82
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Finolex
|
13.84
|
13.85
|
18.23
|
10.53
|
5.55
|
|
Peer Median
|
4.02
|
3.86
|
6.31
|
--
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Finolex
|
--
|
17.16
|
21.89
|
13.66
|
7.73
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
-2.24
Lower than Peers by 1.56
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Finolex
|
-2.24
|
-0.69
|
-4.06
|
-1.81
|
-5.39
|
|
Peer Median
|
-0.69
|
3.23
|
2.69
|
--
|
--
|
EBIT Growth
132.19
Higher than Peers by 133.89
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Finolex
|
132.19
|
55.01
|
-21.27
|
130.56
|
-78.38
|
|
Peer Median
|
-1.71
|
7.86
|
7.65
|
--
|
--
|
Net Profit Growth
54.85
Higher than Peers by 59.23
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Finolex
|
54.85
|
-25.12
|
68.93
|
88.91
|
-76.15
|
|
Peer Median
|
-4.38
|
-19.48
|
2.95
|
--
|
--
|
EPS Growth
54.85
Higher than Peers by 51.95
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Finolex
|
54.85
|
-25.12
|
68.93
|
88.91
|
-76.07
|
|
Peer Median
|
2.89
|
17.64
|
4.48
|
--
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Finolex
|
--
|
1.93
|
8.21
|
14.91
|
24.83
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
--
--
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Finolex
|
--
|
0.07
|
0.04
|
0.07
|
0.11
|
|
Peer Median
|
0.02
|
0.23
|
0.10
|
--
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Finolex
|
--
|
0.07
|
0.04
|
0.07
|
0.11
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
3.54
Higher than Peers by 1.77
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Finolex
|
3.54
|
3.54
|
3.56
|
2.90
|
2.55
|
|
Peer Median
|
1.77
|
1.75
|
1.72
|
--
|
--
|
Quick Ratio
2.63
Higher than Peers by 1.64
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Finolex
|
2.63
|
2.63
|
2.76
|
2.24
|
1.95
|
|
Peer Median
|
0.98
|
1.12
|
1.21
|
--
|
--
|
Interest Coverage
36.75
Higher than Peers by 31.65
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Finolex
|
36.75
|
40.12
|
36.20
|
18.85
|
12.80
|
|
Peer Median
|
5.10
|
5.42
|
15.54
|
--
|
--
|
Operating Efficiency
Debtors to sales
9.16
Lower than Peers by 1.14
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Finolex
|
9.16
|
8.81
|
9.16
|
10.60
|
6.77
|
|
Peer Median
|
10.31
|
11.50
|
12.84
|
--
|
--
|
Asset Turnover
0.53
Lower than Peers by 0.50
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Finolex
|
0.53
|
0.55
|
0.57
|
0.65
|
0.76
|
|
Peer Median
|
1.03
|
1.02
|
1.10
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Finolex
|
--
|
32.90
|
36.87
|
31.92
|
26.23
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Finolex
|
--
|
80.23
|
66.55
|
59.23
|
70.09
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Finolex
|
--
|
62.83
|
50.69
|
39.11
|
45.25
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Finolex
|
--
|
50.30
|
52.73
|
52.04
|
51.07
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
15.65
Lower than Peers by 54.78
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Finolex
|
15.65
|
15.41
|
13.91
|
32.20
|
42.12
|
|
Peer Median
|
70.43
|
32.11
|
56.56
|
--
|
--
|
Price / Book Value
1.52
Lower than Peers by 0.12
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Finolex
|
1.52
|
1.49
|
1.83
|
2.71
|
2.15
|
|
Peer Median
|
1.64
|
1.78
|
2.28
|
--
|
--
|
Dividend Yield
1.77
Higher than Peers by 1.66
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Finolex
|
1.77
|
1.84
|
2.00
|
1.01
|
0.88
|
|
Peer Median
|
0.11
|
0.19
|
0.16
|
--
|
--
|
EV/EBITDA
10.95
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Finolex
|
10.95
|
10.79
|
15.54
|
20.40
|
26.66
|
|
Peer Median
|
--
|
18.33
|
22.20
|
--
|
--
|
Market Cap
9,633
Higher than Peers by 9,004
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Finolex
|
9,633
|
9,229
|
11,127
|
15,252
|
10,558
|
|
Peer Median
|
629
|
474
|
1,441
|
--
|
--
|