Flex your muscle FINOLEX !
Finolex Industries Limited (FIL) is a leading manufacturer of PVC Resin and the largest producer of PVC Pipes & Fittings in India. The Company offers the latest range of superior quality and durable PVC-U pipes and fittings used in agriculture, construction and industrial operations. Its product portfolio consists of two major divisions:
PVC Resin
PVC Pipes & Fitting
Shift from PVC Resin to PVC Pipes
FIL is shifting its focus to PVC pipes from PVC resin sales by increasing its captive PVC resin consumption. FIL’s share of captive consumption, which had moderated to 68% in FY21, increased to 75% in FY22 (FY20: 75%, FY19: 74%, FY12: 39%) with a recovery in pipe volumes. With increased demand from the pipe segment, management intends to ramp up utilisation (FY22: 65%, FY21: 57%, FY20: 71%) of P&F capacity over the medium term.
PVC Resin
PVC Pipes & Fitting
Shift from PVC Resin to PVC Pipes
FIL is shifting its focus to PVC pipes from PVC resin sales by increasing its captive PVC resin consumption. FIL’s share of captive consumption, which had moderated to 68% in FY21, increased to 75% in FY22 (FY20: 75%, FY19: 74%, FY12: 39%) with a recovery in pipe volumes. With increased demand from the pipe segment, management intends to ramp up utilisation (FY22: 65%, FY21: 57%, FY20: 71%) of P&F capacity over the medium term.
*DISCLAIMER*
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.