Finolex Industries Limited (FINPIPE) - Net Assets
Based on the latest financial reports, Finolex Industries Limited (FINPIPE) has net assets worth Rs59.13 Billion INR (≈ $639.51 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs67.77 Billion ≈ $732.86 Million USD) and total liabilities (Rs8.63 Billion ≈ $93.34 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check financial resilience of Finolex Industries Limited to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs59.13 Billion |
| % of Total Assets | 87.26% |
| Annual Growth Rate | 13.26% |
| 5-Year Change | 94.23% |
| 10-Year Change | 513.2% |
| Growth Volatility | 31.29 |
Finolex Industries Limited - Net Assets Trend (2005–2025)
This chart illustrates how Finolex Industries Limited's net assets have evolved over time, based on quarterly financial data. Also explore FINPIPE total asset value for the complete picture of this company's asset base.
Annual Net Assets for Finolex Industries Limited (2005–2025)
The table below shows the annual net assets of Finolex Industries Limited from 2005 to 2025. For live valuation and market cap data, see Finolex Industries Limited (FINPIPE) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs60.97 Billion ≈ $659.35 Million |
+8.21% |
| 2024-03-31 | Rs56.34 Billion ≈ $609.32 Million |
+14.91% |
| 2023-03-31 | Rs49.03 Billion ≈ $530.25 Million |
+24.83% |
| 2022-03-31 | Rs39.28 Billion ≈ $424.78 Million |
+25.13% |
| 2021-03-31 | Rs31.39 Billion ≈ $339.47 Million |
+58.06% |
| 2020-03-31 | Rs19.86 Billion ≈ $214.78 Million |
-22.91% |
| 2019-03-31 | Rs25.76 Billion ≈ $278.61 Million |
-7.83% |
| 2018-03-31 | Rs27.95 Billion ≈ $302.28 Million |
+20.75% |
| 2017-03-31 | Rs23.15 Billion ≈ $250.33 Million |
+132.81% |
| 2016-03-31 | Rs9.94 Billion ≈ $107.53 Million |
+26.27% |
| 2015-03-31 | Rs7.87 Billion ≈ $85.15 Million |
-0.29% |
| 2014-03-31 | Rs7.90 Billion ≈ $85.40 Million |
+9.50% |
| 2013-03-31 | Rs7.21 Billion ≈ $77.99 Million |
+8.92% |
| 2012-03-31 | Rs6.62 Billion ≈ $71.60 Million |
+6.74% |
| 2011-03-31 | Rs6.20 Billion ≈ $67.08 Million |
+5.55% |
| 2010-03-31 | Rs5.88 Billion ≈ $63.56 Million |
+17.55% |
| 2009-03-31 | Rs5.00 Billion ≈ $54.07 Million |
-9.75% |
| 2008-03-31 | Rs5.54 Billion ≈ $59.91 Million |
+4.79% |
| 2007-03-31 | Rs5.29 Billion ≈ $57.17 Million |
+4.96% |
| 2006-03-31 | Rs5.04 Billion ≈ $54.47 Million |
-0.35% |
| 2005-03-31 | Rs5.05 Billion ≈ $54.66 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Finolex Industries Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 7413.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs40.62 Billion | 66.62% |
| Common Stock | Rs1.24 Billion | 2.03% |
| Other Comprehensive Income | Rs17.60 Billion | 28.87% |
| Other Components | Rs1.51 Billion | 2.48% |
| Total Equity | Rs60.97 Billion | 100.00% |
Finolex Industries Limited Competitors by Market Cap
The table below lists competitors of Finolex Industries Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beijing Oriental Jicheng Co Ltd
SHE:002819
|
$1.16 Billion |
|
Daewoong Pharma
KO:069620
|
$1.16 Billion |
|
Coastal Financial Corp
NASDAQ:CCB
|
$1.16 Billion |
|
CSG Holding Co Ltd
SHE:000012
|
$1.16 Billion |
|
Hwaxin Environmental Co. Ltd. A
SHE:301265
|
$1.16 Billion |
|
Astra Microwave Products Limited
NSE:ASTRAMICRO
|
$1.16 Billion |
|
Chongqing Road & Bridge Co Ltd
SHG:600106
|
$1.16 Billion |
|
Jinzi Ham Co Ltd
SHE:002515
|
$1.16 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Finolex Industries Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 56,342,700,000 to 60,968,700,000, a change of 4,626,000,000 (8.2%).
- Net income of 8,000,300,000 contributed positively to equity growth.
- Dividend payments of 1,546,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 2,122,800,000.
- Other factors decreased equity by 3,951,100,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs8.00 Billion | +13.12% |
| Dividends Paid | Rs1.55 Billion | -2.54% |
| Other Comprehensive Income | Rs2.12 Billion | +3.48% |
| Other Changes | Rs-3.95 Billion | -6.48% |
| Total Change | Rs- | 8.21% |
Book Value vs Market Value Analysis
This analysis compares Finolex Industries Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.75x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 21.20x to 1.75x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | Rs8.15 | Rs172.84 | x |
| 2006-03-31 | Rs8.12 | Rs172.84 | x |
| 2007-03-31 | Rs8.53 | Rs172.84 | x |
| 2008-03-31 | Rs8.93 | Rs172.84 | x |
| 2009-03-31 | Rs8.06 | Rs172.84 | x |
| 2010-03-31 | Rs9.47 | Rs172.84 | x |
| 2011-03-31 | Rs10.00 | Rs172.84 | x |
| 2012-03-31 | Rs10.67 | Rs172.84 | x |
| 2013-03-31 | Rs11.62 | Rs172.84 | x |
| 2014-03-31 | Rs12.73 | Rs172.84 | x |
| 2015-03-31 | Rs12.69 | Rs172.84 | x |
| 2016-03-31 | Rs16.02 | Rs172.84 | x |
| 2017-03-31 | Rs37.31 | Rs172.84 | x |
| 2018-03-31 | Rs45.05 | Rs172.84 | x |
| 2019-03-31 | Rs41.52 | Rs172.84 | x |
| 2020-03-31 | Rs32.12 | Rs172.84 | x |
| 2021-03-31 | Rs50.59 | Rs172.84 | x |
| 2022-03-31 | Rs63.30 | Rs172.84 | x |
| 2023-03-31 | Rs79.30 | Rs172.84 | x |
| 2024-03-31 | Rs91.12 | Rs172.84 | x |
| 2025-03-31 | Rs98.60 | Rs172.84 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Finolex Industries Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.12%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.32%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 1.21x
- Recent ROE (13.12%) is below the historical average (13.48%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 18.98% | 11.43% | 0.60x | 2.79x | Rs453.72 Million |
| 2006 | 8.40% | 5.75% | 0.52x | 2.83x | Rs-80.61 Million |
| 2007 | 13.22% | 6.52% | 0.72x | 2.81x | Rs170.16 Million |
| 2008 | 12.85% | 4.96% | 0.82x | 3.18x | Rs157.86 Million |
| 2009 | -7.58% | -2.48% | 0.82x | 3.72x | Rs-878.90 Million |
| 2010 | 22.52% | 8.75% | 0.80x | 3.20x | Rs735.55 Million |
| 2011 | 12.28% | 3.80% | 1.06x | 3.05x | Rs141.40 Million |
| 2012 | 11.35% | 3.58% | 1.01x | 3.15x | Rs89.40 Million |
| 2013 | 18.88% | 6.35% | 1.05x | 2.83x | Rs640.21 Million |
| 2014 | 6.05% | 1.93% | 1.30x | 2.42x | Rs-311.91 Million |
| 2015 | 6.07% | 1.93% | 1.33x | 2.36x | Rs-309.62 Million |
| 2016 | 25.93% | 10.39% | 1.34x | 1.87x | Rs1.58 Billion |
| 2017 | 15.33% | 13.64% | 0.87x | 1.29x | Rs1.23 Billion |
| 2018 | 10.96% | 11.19% | 0.78x | 1.25x | Rs268.21 Million |
| 2019 | 14.26% | 11.88% | 0.93x | 1.29x | Rs1.10 Billion |
| 2020 | 16.75% | 11.15% | 1.03x | 1.46x | Rs1.34 Billion |
| 2021 | 23.50% | 21.31% | 0.81x | 1.37x | Rs4.24 Billion |
| 2022 | 26.77% | 22.62% | 0.87x | 1.36x | Rs6.59 Billion |
| 2023 | 5.11% | 5.70% | 0.70x | 1.28x | Rs-2.40 Billion |
| 2024 | 8.41% | 10.97% | 0.61x | 1.25x | Rs-898.37 Million |
| 2025 | 13.12% | 19.32% | 0.56x | 1.21x | Rs1.90 Billion |
Industry Comparison
This section compares Finolex Industries Limited's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $3,828,013,013
- Average return on equity (ROE) among peers: 14.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Finolex Industries Limited (FINPIPE) | Rs59.13 Billion | 18.98% | 0.15x | $1.16 Billion |
| Ahlada Engineers Limited (AHLADA) | $128.29 Million | 17.65% | 2.34x | $6.34 Million |
| Apollo Pipes Limited (APOLLOPIPE) | $3.07 Billion | 9.31% | 0.57x | $214.97 Million |
| Aro Granite Industries Limited (AROGRANITE) | $1.23 Billion | 9.18% | 1.03x | $4.43 Million |
| Beardsell Limited (BEARDSELL) | $709.61 Million | 11.59% | 1.26x | $11.03 Million |
| Bigbloc Construction Limited (BIGBLOC) | $1.09 Billion | 28.25% | 1.70x | $74.03 Million |
| Blue Star Limited (BLUESTARCO) | $4.56 Billion | 11.89% | 3.77x | $3.96 Billion |
| Cera Sanitaryware Limited (CERA) | $11.83 Billion | 17.70% | 0.42x | $732.50 Million |
| Electrosteel Castings Limited (ELECTCAST) | $11.97 Billion | 4.63% | 1.01x | $548.14 Million |
| Everest Industries Limited (EVERESTIND) | $2.50 Billion | 21.15% | 1.09x | $65.00 Million |
| Exxaro Tiles Limited (EXXARO) | $1.21 Billion | 9.33% | 2.21x | $33.72 Million |
About Finolex Industries Limited
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; casing pipes; and solvent cement and lubricants. It also provides plumbing and sanitation pipes and fitting, such as ASTM pipes and fittings; CPVC … Read more