Finolex Industries Ltd

📈 Finolex Industries Expands Capacity & Shares Growth Outlook – Key Updates Inside!

- Capacity expanded by 50,000 tons (25,000 in March, 25,000 this quarter), reaching 5,20,000 tons total.

- Double-digit industry growth expected; targeting 50-50 agri & non-agri product mix.

- Anti-dumping duty (ADD) likely soon, may raise prices by ₹3-6/kg.

- Channel inventory low; demand pickup expected post-monsoon.

- Net cash surplus at ₹2,533 Cr as of June 30, 2025; excess cash return to shareholders under Board review.

- Q1 FY '26: Pipes & fittings volume up 2% to 92,129 MT despite weak demand; CPVC volume grew 10% (66% pipes, 32% fittings).

- Total income fell 9% to ₹1,043 Cr; EBITDA at ₹94 Cr vs. ₹207 Cr in Q1 FY '25; PAT at ₹97 Cr (vs. ₹505 Cr, incl. ₹339 Cr exceptional gain last year).

- Capex: ₹150 Cr this year; future annual spend estimated at ₹200-300 Cr.

- Saurabh Dhanorkar (MD) to transition to advisory role; successor announcement pending.

- Company now evaluated as single entity (PVC resin mostly captive).