Finolex Industries Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings
- October 9, 2026
- Posted by: Lakshit Sharma
- Category: Market
Finolex Industries share price Rs 151.30 (9 October 2026). Base target Rs 168, bull Rs 204, downside risk Rs 120. PE 15.08. 52W range Rs 147.54 to Rs 200.40.
Quick Answer
The Finolex Industries share price target for 2027 is Rs 168, about 11.0% above the current price of Rs 151.30. The bull case is Rs 204, and the downside risk level, which is not a target, is Rs 120. The base case assumes earnings per share grow 12.5% a year, the pace seen from FY24 to FY26, with the stock holding its PE of 15.08. These are model-based estimates built from reported financials, not guaranteed outcomes.
Investors weighing a Finolex Industries target price for 2027 should start with where the stock sits today. At Rs 151.30 on 9 October 2026, it is 24.5% below its 52-week high of Rs 200.40 and 2.5% above its 52-week low of Rs 147.54. That range spans 36% from low to high, so the entry point matters as much as the Finolex Industries price forecast itself.
This article builds the Finolex Industries share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario shows its assumptions, so you can see exactly how the Rs 168 base case and the Rs 204 bull case were reached, along with a downside risk level of Rs 120.
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Finolex Industries Stock Analysis: Company Overview and Key Stats
Finolex Industries (NSE: FINPIPE) has a market capitalisation of Rs 9,282 crore. In FY26 it reported revenue of Rs 4,325 crore and net profit of Rs 599.05 crore. The table collects the figures the Finolex Industries share price target is built on.
| Metric | Value |
|---|---|
| Company | Finolex Industries |
| NSE Ticker | FINPIPE |
| CMP (9 October 2026) | Rs 151.30 |
| 52-Week High | Rs 200.40 |
| 52-Week Low | Rs 147.54 |
| Market Cap | Rs 9,282 crore |
| PE Ratio (TTM) | 15.08 |
| Industry PE | 36.50 |
| Price to Book | 1.49 |
| Return on Equity | 9.64% |
| Debt to Equity | 0.07 |
| EPS (TTM) | Rs 9.92 |
| Dividend Yield | 1.83% |
| 12-Month Base Target | Rs 168 |
| Bull Case | Rs 204 |
| Downside Risk Level (not a target) | Rs 120 |
Why Is Finolex Industries Share Price Target Set at Rs 168 for 2027?
The base-case Finolex Industries stock target of Rs 168 applies a PE multiple of 15.08 to a forward EPS estimate of Rs 11.16. That EPS assumes 12.5% yearly growth, the pace from FY24 to FY26, and puts the target 11.0% above the current price. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.
Earnings Growth Behind the Finolex Industries Target Price: Five Years of Results
Finolex Industries grew revenue from Rs 4,730 crore in FY22 to Rs 4,325 crore in FY26, a compound annual growth rate of -2.2%. Net profit grew more slowly, from Rs 1,051 crore to Rs 599.05 crore (-13.1% a year), which points to margin pressure alongside the sales growth.
| Financial Year | Revenue (Rs Cr) | Net Profit (Rs Cr) | EPS (Rs) | Dividend per Share (Rs) |
|---|---|---|---|---|
| FY22 | 4,729.55 | 1,051.35 | 16.94 | 4.00 |
| FY23 | 4,517.97 | 250.70 | 4.04 | 1.50 |
| FY24 | 4,497.38 | 473.59 | 7.66 | 2.50 |
| FY25 | 4,388.60 | 800.03 | 12.94 | 3.60 |
| FY26 | 4,324.79 | 599.05 | 9.69 | 2.75 |
FY26 revenue growth was -1.5%, close to the four-year average of -2.2%, and net profit moved down 25.1%. EPS rose from Rs 7.66 in FY24 to Rs 9.69 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.
Margins and the Latest Quarter
Finolex Industries converted 13.9% of FY26 revenue into net profit, against 18.2% in FY25, within a five-year range of 5.5% to 22.2%. EBITDA margin was 21.6% in FY26 versus 26.9% in FY25.
In the June 2026 quarter, revenue was Rs 958.91 crore, down 13.4% from the same quarter a year earlier, while net profit of Rs 114.52 crore was up 16.7%. EBITDA came in at Rs 181.90 crore, up 14.9% year on year. The next quarterly result is the first test of whether the earnings assumption holds.
Balance Sheet and Cash Flow
Debt to equity stands at 0.07, and shareholders’ equity grew from Rs 3,928 crore in FY22 to Rs 6,215 crore in FY26. Operating cash flow in FY26 was Rs 191.75 crore against capital expenditure of Rs 64.98 crore, leaving free cash flow of Rs 126.77 crore, or 1.4% of the current market capitalisation. In FY25 free cash flow was Rs 267.18 crore.
Valuation Check for the Finolex Industries Stock Target: PE, Price to Book and ROE
At a PE of 15.08 against an industry PE of 36.50, Finolex Industries trades at a discount to its industry. Price to book is 1.49 on a book value of Rs 100.17 per share, and return on equity is 9.64%. A PE of 15.08 equals an earnings yield of 6.6%, and the FY26 dividend of Rs 2.75 per share gives a yield of 1.83%.
Shareholding Pattern and Institutional Holding
Promoters held 52.47% of Finolex Industries in September 2026, and promoter holding has stayed near 52.47% since September 2025. Foreign institutional investors (FII) held 5.77% and domestic institutions (DII) held 11.36%, which puts total institutional holding at 17.13%. FII holding fell from 5.92% in September 2025 to 5.77% in September 2026. Public shareholders own the remaining 30.39%. A meaningful institutional holding adds a layer of research coverage and trading depth.
Finolex Industries Share Price Targets for the Short Term and 12 Months
Short Term Finolex Industries Stock Target Levels: Technical Setup
At Rs 151.30 on 9 October 2026, Finolex Industries trades below its 50-day simple moving average of Rs 157.70 and below its 200-day exponential moving average of Rs 168.83. The 14-day RSI reads 42.1, which is neutral territory, and the MACD line sits above its signal line. The nearest resistance level is Rs 157.70 (50-day simple moving average) and the nearest support is Rs 147.54 (52-week low). A sustained move above Rs 157.70 would improve the short-term setup, while a close below Rs 147.54 would shift attention to the next support.
12 Month Finolex Industries Target Price for 2027
The 12-month target for Finolex Industries is Rs 168: forward EPS of Rs 11.16 at a PE of 15.08. That is 11.0% above Rs 151.30. It would still leave the stock 16.2% below its 52-week high of Rs 200.40.
How EPS Growth and PE Multiple Change the Finolex Industries Target Price
| EPS Growth | PE 12.06 | PE 15.08 | PE 17.34 |
|---|---|---|---|
| 0.0% (EPS Rs 9.92) | Rs 120 | Rs 150 | Rs 172 |
| 12.5% (EPS Rs 11.16) | Rs 135 | Rs 168 | Rs 194 |
| 18.5% (EPS Rs 11.75) | Rs 142 | Rs 177 | Rs 204 |
Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Finolex Industries price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.
Bull Case and Downside Risk for Finolex Industries Stock Target in 2027
Bull Case Rs 204
The bull case Finolex Industries price target needs EPS growth of 18.5%, which lifts forward EPS to Rs 11.75, and a PE multiple that rises 15% to 17.34. That gives Rs 204, 34.8% above the current price and above the 52-week high of Rs 200.40, so the stock would have to set a fresh 52-week high.
Downside Risk Level Rs 120
The downside risk level is not a target. It assumes EPS stays flat at Rs 9.92 and the PE falls 20% to 12.06. That gives Rs 120, 20.7% below the current price and below the 52-week low of Rs 147.54.
| Scenario | EPS Growth | PE Multiple | Price (Rs) | Change vs CMP |
|---|---|---|---|---|
| Bull Case | 18.5% | 17.34 | Rs 204 | +34.8% |
| Base Case | 12.5% | 15.08 | Rs 168 | +11.0% |
| Downside Risk | 0.0% | 12.06 | Rs 120 | -20.7% |
Key Risks to the Finolex Industries Target Price for 2027
Growth Slowdown Risk for the Finolex Industries Price Target
Revenue in the June 2026 quarter was down 13.4% year on year, and FY26 revenue growth was -1.5%. A fall in sales would make the EPS growth behind the Finolex Industries stock target harder to reach.
Liquidity and Size Risk
Finolex Industries has a market capitalisation of Rs 9,282 crore. Institutional holding is 17.13%, and promoters hold 52.47%. Stocks of this size can move sharply on small volumes, and exits can take longer than entries.
Valuation and Margin Risk
Net margin was 13.9% in FY26, and a squeeze from higher costs or weaker pricing would hit earnings first. At a PE of 15.08 versus an industry PE of 36.50, a de-rating toward the downside-risk PE of 12.06 would cut the price even if earnings hold.
Market and Technical Risk
The stock trades 24.5% below its 52-week high, with an RSI of 42.1 and a MACD reading above its signal line. Broader market weakness can override company fundamentals in the short term.
How to Invest in Finolex Industries
Start with the live price and volume. Any Finolex Industries share price target is only as current as the data behind it, and the data here is as of 9 October 2026, so refresh the Rs 151.30 price before acting on any level.
Next, review the fundamentals yourself. The Univest Screener lets you check Finolex Industries’ PE, ROE, debt and shareholding in one place.
Check Finolex Industries fundamentals on the Univest Screener
Then compare the three Finolex Industries target price scenarios with your own view. If you expect EPS growth below 12.5%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.
Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.
Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.
Download the Univest iOS App or Univest Android App to track Finolex Industries live price and get daily stock recommendations.
Conclusion
The Finolex Industries share price target for 2027 is Rs 168 in the base case, with Rs 204 as the bull case. The support for that view is arithmetic you can check: EPS grew 12.5% a year over FY24 to FY26, and the stock trades at a PE of 15.08. The risks are equally concrete, including a stock that sits 24.5% below its 52-week high and a downside scenario that cuts the price 21% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Finolex Industries Share Price Target 2027
What is the Finolex Industries share price target for 2027?
Ans. The base-case Finolex Industries share price target for 2027 is Rs 168, with Rs 204 as the bull case. The downside risk level, which is not a target, is Rs 120. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.
What is the Finolex Industries share price today?
Ans. As of 9 October 2026, 1:18 PM IST, Finolex Industries trades at Rs 151.30, up 1.03% on the day. The 52-week range is Rs 147.54 to Rs 200.40.
Is Finolex Industries a buy or sell at the current price?
Ans. The data is mixed rather than one-sided: EPS has grown 12.5% a year over FY24 to FY26, but the stock is 24.5% below its 52-week high. Whether Finolex Industries fits your portfolio depends on your time horizon and risk appetite, so consult a SEBI-registered advisor before investing. This article is not investment advice.
What are the bull case target and downside risk level for Finolex Industries shares?
Ans. The bull case target is Rs 204, which assumes 18.5% EPS growth and a PE of 17.34. The downside risk level is Rs 120, which assumes flat EPS and a PE of 12.06. It marks a risk, not a target.
What are the main risks to the Finolex Industries price target?
Ans. The main risks are slower revenue growth, a small market capitalisation of Rs 9,282 crore, a PE de-rating and short-term weakness in the broader market. Each is covered in the risk section above.
What is the PE ratio of Finolex Industries and how does it compare with the industry?
Ans. The PE ratio of Finolex Industries is 15.08 against an industry PE of 36.50. Price to book is 1.49 and return on equity is 9.64%. The base case in the Finolex Industries price target holds this PE constant.
Who owns Finolex Industries, and what is the promoter holding?
Ans. Promoters held 52.47% of Finolex Industries in September 2026. FII held 5.77%, DII held 11.36% and the public held 30.39%.
What were Finolex Industries’ latest quarterly results?
Ans. In the June 2026 quarter, Finolex Industries reported revenue of Rs 958.91 crore (down 13.4% year on year) and net profit of Rs 114.52 crore (up 16.7%).