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FINPIPE - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.5

Last Updated Time : 02 Feb 26, 01:08 pm

Fundamental Rating: 3.5

Stock Code FINPIPE Market Cap 10,863 Cr. Current Price 175 ₹ High / Low 238 ₹
Stock P/E 22.8 Book Value 93.3 ₹ Dividend Yield 1.14 % ROCE 8.77 %
ROE 6.76 % Face Value 2.00 ₹ DMA 50 176 ₹ DMA 200 194 ₹
Chg in FII Hold -0.06 % Chg in DII Hold 0.08 % PAT Qtr 110 Cr. PAT Prev Qtr 119 Cr.
RSI 51.2 MACD -0.05 Volume 4,48,477 Avg Vol 1Wk 3,26,051
Low price 144 ₹ High price 238 ₹ PEG Ratio -1.14 Debt to equity 0.00
52w Index 32.9 % Qtr Profit Var 55.0 % EPS 7.68 ₹ Industry PE 21.5

📊 Core Financials

  • Revenue growth: PAT at 110 Cr vs 119 Cr in previous quarter, showing slight decline but YoY profit variation strong at +55 %.
  • Profit margins: EPS at 7.68 ₹, moderate profitability.
  • Debt ratios: Excellent, debt-to-equity at 0.00 indicates zero leverage.
  • Cash flows: Supported by profitability and debt-free balance sheet.
  • Return metrics: ROCE 8.77 %, ROE 6.76 % — relatively weak efficiency compared to peers.

💹 Valuation Indicators

  • P/E ratio: 22.8, slightly above industry average (21.5), fairly valued.
  • P/B ratio: Current Price / Book Value ≈ 1.9, reasonable relative to assets.
  • PEG ratio: -1.14, not meaningful due to inconsistent growth expectations.
  • Intrinsic value: Fair valuation, supported by debt-free status but limited by modest returns.

🏢 Business Model & Competitive Advantage

  • Operates in plastic piping and infrastructure solutions sector.
  • Strong brand presence in PVC pipes and fittings with wide distribution network.
  • Competitive advantage through scale, product diversification, and debt-free balance sheet.

📈 Entry Zone & Long-Term Guidance

  • Entry zone: Attractive near 150–165 ₹ levels, closer to 52-week low support.
  • Long-term holding: Favorable for conservative investors due to debt-free structure, though efficiency metrics need improvement for strong returns.

Positive

  • Debt-free balance sheet (Debt-to-equity 0.00).
  • Dividend yield at 1.14 % provides steady income.
  • Quarterly profit variation strong (+55 % YoY).
  • EPS at 7.68 ₹ reflects consistent earnings.

Limitation

  • ROE (6.76 %) and ROCE (8.77 %) are weak compared to industry leaders.
  • PEG ratio (-1.14) indicates distorted valuation relative to growth.
  • Stock trading below DMA 200, showing weak long-term momentum.

Company Negative News

  • Quarterly PAT declined sequentially (110 Cr vs 119 Cr).
  • FII holdings decreased (-0.06 %).
  • Technical indicators neutral to weak: MACD negative, RSI at 51.2.

Company Positive News

  • Strong YoY profit growth (+55 %).
  • DII holdings increased (+0.08 %).
  • Debt-free balance sheet ensures financial stability.

Industry

  • Plastic piping and infrastructure sector supported by construction and housing demand.
  • Industry PE at 21.5, close to FINPIPE’s P/E, suggesting fair valuation.

Conclusion

  • FINPIPE demonstrates stable fundamentals with debt-free balance sheet and consistent profitability.
  • Valuation is fair compared to industry peers, though efficiency metrics remain modest.
  • Entry advisable near lower support levels; long-term holding recommended with cautious optimism, especially if ROE/ROCE improve.

I can also prepare a comparative HTML snapshot against peers like Astral and Supreme Industries to highlight FINPIPE’s relative valuation and strengths.

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