Finolex Industries (NSE:FINPIPE) ROCE %: 22.16% (As of Mar. 2026)


NSE:FINPIPE Finolex Industries Ltd NSE:FINPIPE
82 GF Score
Price ₹176.25
GF Value ₹210.62
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Finolex Industries ROCE %?

Finolex Industries NSE:FINPIPE -4.03% 82 ROCE % is 22.16% as of Mar. 2026. GuruFocus rates NSE:FINPIPE with a GF Score™ of 82/100 and a GF Value™ of ₹210.62 (Modestly Undervalued). The stock has 3 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Finolex Industries's annualized ROCE % for the quarter that ended in Mar. 2026 was 22.16%.

Finolex Industries  (NSE:FINPIPE) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Finolex Industries ROCE % Related Terms

Finolex Industries ROCE % Historical Data

* Premium members only.

The historical data trend for Finolex Industries's ROCE % 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 ROCE % Chart

Finolex Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 36.91 7.16 12.20 17.36 12.82

Finolex Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % 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 14.33 8.52 11.03 10.36 22.16
NSE:FINPIPE
82GF Score
Finolex Industries Ltd NSE:FINPIPE
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Finolex Industries ROCE % Calculation

Finolex Industries's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=8256.2/( ( (73819.3 - 9776.6) + (75955.7 - 11196.2) )/ 2 )
=8256.2/( (64042.7+64759.5)/ 2 )
=8256.2/64401.1
=12.82 %

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

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=14350.4/( ( (0 - 0) + (75955.7 - 11196.2) )/ 1 )
=14350.4/( ( 0 + 64759.5 )/ 1 )
=14350.4/64759.5
=22.16 %

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

* 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 ROCE % →
What does a ROCE % of 22.16% mean?
Finolex Industries (NSE:FINPIPE) has a ROCE % of 22.16% as of Mar. 2026.
Is Finolex Industries' ROCE % too high?
Finolex Industries' current ROCE % is 22.16%. The Construction industry median ROCE % is 8.22. Finolex Industries' value of 22.16% is 169.6% above this industry median. 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' ROCE % compare to TT and JCI?
Finolex Industries' ROCE % of 22.16% can be compared against companies in the Construction industry. The industry median ROCE % is 8.22. Finolex Industries' value of 22.16% is 169.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Construction company?
The median ROCE % among Construction companies is 8.22, based on 1,754 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Finolex Industries's current ROCE % of 22.16% is 169.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Construction industry, the median ROCE % is 8.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Finolex Industries's current ROCE % is 22.16%. 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 ROCE % is 22.16% and 169.6% above the Construction industry median of 8.22. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Finolex Industries (NSE:FINPIPE), the current ROCE % is 22.16% 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:

  • ROCE %: 22.16%
  • GF Value™: ₹210.62 vs. price of ₹176.25 (16.3% below fair value)
  • GF Score™: 82/100 with 3 warning signs
  • Industry Position: 169.6% above the Construction median

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

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

₹176.25
Price
₹210.62
GF Value