Finolex Industries share price today

Finolex Industries Ltd's share price was ₹143.95 at the close on 4 November 2026. It has been falling for 97 weeks. That is 14.0% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹137 and ₹190, and at that close it sat 13% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Finolex Industries Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 19 weeks running.

Over the last 11 years the share price moved +92% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 1 July 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: foreign funds (FIIs) cut their stake for 7 quarters in a row, profit fell in the September 2026 quarter and operating margin down 4 points on a year earlier.

1. Foreign funds (FIIs) cut their stake for 7 quarters in a row

   From 6.6% to 5.8% of the company by the September 2026 quarter.

2. Profit fell in the September 2026 quarter

   Profit was ₹115 crore, -7.3% on a year earlier (₹124 crore), after 4 quarters of growth.

3. Operating margin down 4 points on a year earlier

   11% in the September 2026 quarter, from 15%.

For July to September 2026 (the quarter ended 30 September 2026), Finolex Industries reported revenue of ₹1,094 crore, up 27.4% from ₹859 crore a year earlier, and a profit of ₹115 crore, down 7.3% from ₹124 crore.

Finolex Industries results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

The newest call in our records is from 7 August 2026, about April to June 2026; a call about these results is not in our records yet.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Finolex Industries closed at ₹143.95 on 4 November 2026, down 22.3% from ₹185.26 a year earlier (7 November 2025) and down 38.0% over five years. Its highest weekly close since March 2016 was ₹350.30 on 7 June 2024.

Finolex Industries share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

562 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Finolex Industries closed at ₹143.95, up 5.0% on the week and down 4.3% on the month. Results for July to September 2026: Revenue up 27.4% and profit down 7.3% on a year earlier.

Earlier

• 11 Sep 2026: ex-date for a dividend + special dividend of ₹2.75 a share.
• 7 Aug 2026: Finolex Industries held its results call for April to June 2026. Management guided: Volumes and realizations expected to recover over coming quarters as channel inventory normalizes and polymer prices stabilize.

Finolex Industries paid ₹2 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 1.39% at the ₹143.95 close on 4 November 2026. The last was a dividend + special dividend of ₹2.75 a share, ex-date 11 September 2026.

Finolex Industries dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Finolex Industries Ltd paid out 28% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 7 August 2026, Finolex Industries' management guided: Volumes and realizations expected to recover over coming quarters as channel inventory normalizes and polymer prices stabilize.

“We remain optimistic, although cautious, about the recovery in volumes and realizations as inventory normalizes and polymer prices stabilize, aided by the two developments I discussed, namely the recent customs duty and MIP interventions.”Ajit Agarwal, on the call for April to June 2026

What management guided

• Q2 realization expected to improve; H1FY27 volume could show a slight on a year earlier increase if July's direction continues.
• FY27 operating margin up to 15%; framework retained pending another quarter of visibility.
• FY27 capital spending and capacity expansion plan remains intact; amount not clearly stated on the call.
• Installed capacity headroom supports 10-12% growth over the next 1-1.5 years.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 7 August 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

When Finolex Industries reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: August-September volume trend to confirm whether July recovery carries into H1.

Finolex Industries is on one of our India lists: 52 week high & low.

Finolex Industries Ltd earned ₹115 Cr of net profit in the Sep 2026 quarter, −7.3% on the same quarter a year earlier. Full-year FY26 profit was ₹599 Cr. Over 10 years profit has grown 8.8% a year on average. That is 10.5% of the quarter's revenue. The same quarter a year earlier earned ₹124 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹599 Cr (−25.1% on the year before).

Why profit moved: revenue changed +27.4% on a year earlier and the margin moved −4.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +22.9% and revenue +3.5%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Finolex Industries Ltd reported ₹1,094 Cr of revenue in the Sep 2026 quarter, +27.4% on the same quarter a year earlier. Over 10 years it has grown 5.2% a year on average. The last full year, FY26, came in at ₹4,113 Cr. The last four reported quarters add to ₹4,190 Cr.

Revenue is everything the company billed its customers in the period.

FY26 revenue was ₹4,113 Cr, −0.7% on the year before.

Recent pace: the last four quarters grew +3.5% on average, against 5.2% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +2.8%, against −0.4% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +26.2%, against −13.0% a year (accelerating).

Finolex Industries Ltd's operating margin was 11.0% in the Sep 2026 quarter, 4.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 7.0% and 29.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −3.8 percentage points on the year while gross margin changed −10.1 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 50% of Finolex Industries Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 it brought in ₹192 Cr of operating cash against ₹599 Cr of profit. After ₹71.0 Cr of spending on assets, ₹121 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 50% of profit came in as cash: the cash cycle got 26 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: less of the profit turns into cash than it should, and the cash cycle is 26 days longer. The next section looks at where the cash is stuck.

Finolex Industries Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 134 days in FY26, up from 108 days in FY21. It spent ₹276 Cr on assets over the last 3 years. Customers take 32 days to pay, and stock sits for 159 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹4,113 Cr, each day of that cycle ties up about ₹11.3 Cr, so roughly ₹1,510 Cr is tied up in the business at any time.

FY26: customers took 32 days to pay and stock sat for 159 days, about 5.2 months of sales sitting as stock, for a full cycle of 134 days, longer than FY21's 108.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 159 days. Customers pay about 32 days after that. Suppliers are paid at 57 days. Together that makes the 134-day cycle.

Spending on assets: ₹276 Cr over the last 3 years, against ₹330 Cr of depreciation (the yearly wear and tear on existing assets). So it is spending about what it takes to replace what wears out, or less. Work still in progress is ₹28.0 Cr (FY26): assets paid for that are not earning yet.

In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit.

Finolex Industries Ltd's P/E is 14.7×, near the low end of its own history: it has been lower only 13% of the time. Its usual P/E (the middle reading) is 23.0×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.