Finolex Industries (NSE:FINPIPE) EBIT: ₹8,256 Mil (TTM As of Mar. 2026)


NSE:FINPIPE Finolex Industries Ltd NSE:FINPIPE
82 GF Score
Price ₹176.25
GF Value ₹210.56
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Finolex Industries EBIT?

Finolex Industries NSE:FINPIPE -4.03% 82 EBIT is ₹8,256 Mil as of Mar. 2026. GuruFocus rates NSE:FINPIPE with a GF Score™ of 82/100 and a GF Value™ of ₹210.56 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Finolex Industries's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ₹3,588 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹8,256 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Finolex Industries's annualized ROC % for the quarter that ended in Mar. 2026 was 19.30%. Finolex Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 78.35%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Finolex Industries's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 9.33%.


Finolex Industries  (NSE:FINPIPE) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Finolex Industries's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=12232.4 * ( 1 - 25.57% )/( (0 + 47167.4)/ 1 )
=9104.57532/47167.4
=19.30 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=75955.7 - 3830.5 - ( 24957.8 - max(0, 11196.2 - 39685.7+24957.8))
=47167.4

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Finolex Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=14350.4/( ( (0 + max(0, 0)) + (10423.9 + max(7892.7, 0)) )/ 1 )
=14350.4/( ( 0 + 18316.6 )/ 1 )
=14350.4/18316.6
=78.35 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3623.1 + 10259.6 + 769.5) - (3830.5 + 0 + 2929)
=7892.7

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Finolex Industries's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=8256.2/88476.426
=9.33 %

* 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 EBIT Related Terms


Finolex Industries EBIT Historical Data

* Premium members only.

The historical data trend for Finolex Industries's EBIT 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 EBIT Chart

Finolex Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13,847.60 3,328.10 6,770.40 10,728.80 8,256.20

Finolex Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT 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 2,293.80 1,364.70 1,704.00 1,599.90 3,587.60

NSE:FINPIPE vs TT, JCI, CARR: EBIT Comparison

For the Building Products & Equipment subindustry, Finolex Industries's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Finolex Industries EV-to-EBIT vs Construction Industry

For the Construction industry and Industrials sector, Finolex Industries's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Finolex Industries's EV-to-EBIT falls into.


NSE:FINPIPE
82GF Score
Finolex Industries Ltd NSE:FINPIPE
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Finolex Industries EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹8,256 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of ₹8,256 Mil mean?
Finolex Industries (NSE:FINPIPE) has a EBIT of ₹8,256 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Finolex Industries.
Is Finolex Industries' EBIT too high?
Finolex Industries' current EBIT is ₹8,256 Mil. Overall, Finolex Industries has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Finolex Industries' EBIT compare to TT and JCI?
Finolex Industries' EBIT of ₹8,256 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 EBIT for a Construction company?
A good EBIT depends on the Construction industry context. However, EBIT 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 EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Finolex Industries. Finolex Industries's current EBIT is ₹8,256 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 ₹210.56, compared to a current price of ₹176.25 — trading 16.3% below its estimated fair value. The current EBIT is ₹8,256 Mil. Finolex Industries' overall GF Score™ is 82/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Finolex Industries (NSE:FINPIPE), the current EBIT is ₹8,256 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 ₹210.56. GuruFocus considers Finolex Industries to be Modestly Undervalued.

Key valuation signals for NSE:FINPIPE:

  • EBIT: ₹8,256 Mil
  • GF Value™: ₹210.56 vs. price of ₹176.25 (16.3% below fair value)
  • GF Score™: 82/100 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.
82GF Score

Get the complete analysis for NSE:FINPIPE

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

₹176.25
Price
₹210.56
GF Value