Finolex Industries (NSE:FINPIPE) Inventory Turnover: 0.67 (As of Mar. 2026)

What is Finolex Industries Inventory Turnover?

Finolex Industries NSE:FINPIPE -0.59% 86 Inventory Turnover is 0.67 as of Mar. 2026. GuruFocus rates NSE:FINPIPE with a GF Score™ of 86/100 and a GF Value™ of ₹211.04 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Finolex Industries's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹6,863 Mil. Finolex Industries's Average Total Inventories for the quarter that ended in Mar. 2026 was ₹10,260 Mil. Finolex Industries's Inventory Turnover for the quarter that ended in Mar. 2026 was 0.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Finolex Industries's Days Inventory for the three months ended in Mar. 2026 was 136.42.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Finolex Industries's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.78.

Finolex Industries (NSE:FINPIPE) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Finolex Industries's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2026 )	/	Cost of Goods Sold (Q: Mar. 2026 )	*	Days in Period
	=	10259.6	/	6862.5	*	365 / 4
	=	136.42

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Finolex Industries's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2026 )	/	Revenue (Q: Mar. 2026 )
	=	10259.6	/	13138.8
	=	0.78

* 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.

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Finolex Industries Inventory Turnover Related Terms

Finolex Industries Inventory Turnover Historical Data

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The historical data trend for Finolex Industries's Inventory Turnover can be seen below:

Finolex Industries Inventory Turnover Chart

Finolex Industries Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Inventory Turnover

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3.13

3.89

4.19

3.54

2.65

Finolex Industries Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Inventory Turnover	Get a 7-Day Free Trial															0.98	0.90	0.66	0.69	0.67

86GF Score

Finolex Industries Ltd NSE:FINPIPE

Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.

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Finolex Industries Inventory Turnover Calculation

Finolex Industries's Inventory Turnover for the fiscal year that ended in Mar. 2026 is calculated as

	Inventory Turnover (A: Mar. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2026 )	/ (	(Total Inventories (A: Mar. 2025 )	+	Total Inventories (A: Mar. 2026 ))	/	count )
=	23962.5	/ (	(7824.2	+	10259.6)	/	2 )
=	23962.5	/	9041.9
=	2.65

Finolex Industries's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

	Inventory Turnover (Q: Mar. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2026 )	/ (	(Total Inventories (Q: Dec. 2025 )	+	Total Inventories (Q: Mar. 2026 ))	/	count )
=	6862.5	/ (	(0	+	10259.6)	/	1 )
=	6862.5	/	10259.6
=	0.67

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 0.67 mean?

Finolex Industries (NSE:FINPIPE) has a Inventory Turnover of 0.67 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Finolex Industries and its competitors.

Is Finolex Industries' Inventory Turnover too high?

Finolex Industries' current Inventory Turnover is 0.67. Overall, Finolex Industries has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Finolex Industries' Inventory Turnover compare to TT and JCI?

Finolex Industries' Inventory Turnover of 0.67 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 Inventory Turnover for a Construction company?

A good Inventory Turnover depends on the Construction industry context. However, Inventory Turnover 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 Inventory Turnover mean?

A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Finolex Industries and its competitors. Finolex Industries's current Inventory Turnover is 0.67. 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 ₹211.04, compared to a current price of ₹173.74 — trading 17.7% below its estimated fair value. The current Inventory Turnover is 0.67. Finolex Industries' overall GF Score™ is 86/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Inventory Turnover calculated?

Inventory Turnover is calculated from a company's financial statements. For Finolex Industries (NSE:FINPIPE), the current Inventory Turnover is 0.67 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 ₹173.74 is trading 17.7% below its estimated GF Value™ of ₹211.04. GuruFocus considers Finolex Industries to be Modestly Undervalued.

Key valuation signals for NSE:FINPIPE:

Inventory Turnover: 0.67
GF Value™: ₹211.04 vs. price of ₹173.74 (17.7% below fair value)
GF Score™: 86/100 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

Industry Industrials Construction

Comparable Companies BOM:532443 BOM:500128 BOM:532486 BOM:542907 BOM:532369 BOM:500233 BOM:532722 BOM:531761 BOM:531548 BOM:532888 TT JCI CARR XPAR:SGO TSE:6367 XSWX:GEBN LII MAIR DUB:KRX MAS

Other Exchanges 500940:India

Address Baner-Pashan Link Road, IndiQube -The Kode, 11th Floor, Baner Gaon, Haveli, Pune, MH, IND, 411045

Website https://www.finolexpipes.com

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.

86GF Score

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

₹173.74

Price

₹211.04

GF Value

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