Finolex Industries (NSE:FINPIPE) Construction In Progress: ₹279 Mil (As of Mar. 2026)


NSE:FINPIPE Finolex Industries Ltd NSE:FINPIPE
83 GF Score
Price ₹176.25
GF Value ₹210.62
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Finolex Industries Construction In Progress?

Finolex Industries NSE:FINPIPE -4.03% 83 Construction In Progress is ₹279 Mil as of Mar. 2026. GuruFocus rates NSE:FINPIPE with a GF Score™ of 83/100 and a GF Value™ of ₹210.62 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Finolex Industries's quarterly construction in progress declined from Sep. 2025 (₹407 Mil) to Dec. 2025 (₹0 Mil) but then increased from Dec. 2025 (₹0 Mil) to Mar. 2026 (₹279 Mil).

Finolex Industries's annual construction in progress increased from Mar. 2024 (₹222 Mil) to Mar. 2025 (₹894 Mil) but then declined from Mar. 2025 (₹894 Mil) to Mar. 2026 (₹279 Mil).

Finolex Industries Construction In Progress Historical Data

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The historical data trend for Finolex Industries's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Finolex Industries Construction In Progress Chart

Finolex Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 210.30 567.30 222.20 894.40 278.50

Finolex Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 894.40 0.00 407.00 0.00 278.50
NSE:FINPIPE
83GF Score
Finolex Industries Ltd NSE:FINPIPE
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Finolex Industries Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of ₹279 Mil mean?
Finolex Industries (NSE:FINPIPE) has a Construction In Progress of ₹279 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Finolex Industries and its competitors.
Is Finolex Industries' Construction In Progress too high?
Finolex Industries' current Construction In Progress is ₹279 Mil. Overall, Finolex Industries has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Finolex Industries' Construction In Progress compare to TT and JCI?
Finolex Industries' Construction In Progress of ₹279 Mil can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Construction company?
A good Construction In Progress depends on the Construction industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Finolex Industries and its competitors. Finolex Industries's current Construction In Progress is ₹279 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Finolex Industries stock overvalued right now?
Based on GuruFocus' analysis, Finolex Industries (NSE:FINPIPE) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹210.62, compared to a current price of ₹176.25 — trading 16.3% below its estimated fair value. The current Construction In Progress is ₹279 Mil. Finolex Industries' overall GF Score™ is 83/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Finolex Industries (NSE:FINPIPE), the current Construction In Progress is ₹279 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Finolex Industries (NSE:FINPIPE) Overvalued in 2026?

Based on GuruFocus' analysis, Finolex Industries stock appears to be undervalued. The current stock price of ₹176.25 is trading 16.3% below its estimated GF Value™ of ₹210.62. GuruFocus considers Finolex Industries to be Modestly Undervalued.

Key valuation signals for NSE:FINPIPE:

  • Construction In Progress: ₹279 Mil
  • GF Value™: ₹210.62 vs. price of ₹176.25 (16.3% below fair value)
  • GF Score™: 83/100 with 3 warning signs

No single metric tells the full story. See the NSE:FINPIPE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Finolex Industries Business Description

Other Exchanges 500940:India
Address Baner-Pashan Link Road, IndiQube -The Kode, 11th Floor, Baner Gaon, Haveli, Pune, MH, IND, 411045
Finolex Industries Ltd manufactures rigid polyvinyl chloride pipes and resins, and fittings. Pipes and fittings are developed out of manufacturing plants strategically located in India. Finolex's products are designed to meet a range of specifications such as size, pressure classes, and diameters. Traditionally, market participants in agriculture, housing, telecom, construction, and other industries have constituted the largest portion of the company's customer base. In addition to the number of manufacturing plants across India, Finolex depends on a network of direct and indirect retail outlets across the country to deliver its services to numerous industries.
83GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹176.25
Price
₹210.62
GF Value