Finolex Industries (NSE:FINPIPE) ROE % Adjusted to Book Value: 11.28% (As of Mar. 2026)


NSE:FINPIPE Finolex Industries Ltd NSE:FINPIPE
86 GF Score
Price ₹174.52
GF Value ₹210.62
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Finolex Industries ROE % Adjusted to Book Value?

Finolex Industries NSE:FINPIPE -0.98% 86 ROE % Adjusted to Book Value is 11.28% as of Mar. 2026. GuruFocus rates NSE:FINPIPE with a GF Score™ of 86/100 and a GF Value™ of ₹210.62 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Finolex Industries's ROE % for the quarter that ended in Mar. 2026 was 16.81%. Finolex Industries's PB Ratio for the quarter that ended in Mar. 2026 was 1.49. Finolex Industries's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 11.28%.


Finolex Industries ROE % Adjusted to Book Value Related Terms


Finolex Industries ROE % Adjusted to Book Value Historical Data

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The historical data trend for Finolex Industries's ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value Chart

Finolex Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.24 2.64 3.33 7.49 6.53

Finolex Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Adjusted to Book Value 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 5.93 0.00 4.00 0.00 11.28

NSE:FINPIPE vs TT, JCI, CARR: ROE % Adjusted to Book Value Comparison

For the Building Products & Equipment subindustry, Finolex Industries's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value vs Construction Industry

For the Construction industry and Industrials sector, Finolex Industries's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Finolex Industries's ROE % Adjusted to Book Value falls into.


NSE:FINPIPE
86GF Score
Finolex Industries Ltd NSE:FINPIPE
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Finolex Industries ROE % Adjusted to Book Value Calculation

Finolex Industries's ROE % Adjusted to Book Value for the fiscal year that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=9.73% / 1.49
=6.53%

Finolex Industries's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=16.81% / 1.49
=11.28%

* 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.

What does a ROE % Adjusted to Book Value of 11.28% mean?
Finolex Industries (NSE:FINPIPE) has a ROE % Adjusted to Book Value of 11.28% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Finolex Industries and its competitors.
Is Finolex Industries' ROE % Adjusted to Book Value too high?
Finolex Industries' current ROE % Adjusted to Book Value is 11.28%. 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' ROE % Adjusted to Book Value compare to TT and JCI?
Finolex Industries' ROE % Adjusted to Book Value of 11.28% 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 ROE % Adjusted to Book Value for a Construction company?
A good ROE % Adjusted to Book Value depends on the Construction industry context. However, ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Finolex Industries and its competitors. Finolex Industries's current ROE % Adjusted to Book Value is 11.28%. 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 ₹174.52 — trading 17.1% below its estimated fair value. The current ROE % Adjusted to Book Value is 11.28%. 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 ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Finolex Industries (NSE:FINPIPE), the current ROE % Adjusted to Book Value is 11.28% 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 ₹174.52 is trading 17.1% below its estimated GF Value™ of ₹210.62. GuruFocus considers Finolex Industries to be Modestly Undervalued.

Key valuation signals for NSE:FINPIPE:

  • ROE % Adjusted to Book Value: 11.28%
  • GF Value™: ₹210.62 vs. price of ₹174.52 (17.1% 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

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.
86GF Score

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

₹174.52
Price
₹210.62
GF Value