AI Summary
✦ ClarthaFinolex Industries is an Indian manufacturer of PVC resins, pipes, and fittings. PVC Resin drives upstream earnings, while agriculture, plumbing, sanitation, casing, column, and sewerage products support downstream revenue. Q1 EBITDA rose 16% year-on-year to ₹109 crore despite lower volumes, indicating margin expansion, though revenue missed estimates by 29%. Profit declined 25.1% year-on-year despite improving margins, while 9.7% ROE remains constrained by heavy leverage. Debt-to-equity of 7.17 magnifies financial risk and can pressure returns if PVC demand or spreads weaken. At 16.5x earnings, valuation appears fair against current growth, but weak volumes and elevated leverage remain open risks.
Price Forecast
Probabilistic Range
Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.
Revenue Forecast
₹ CrEPS Forecast
₹ / shareMulti-factor synthesis of 5 key dimensions
From 14 analysts
Fundamentals
Fundamentals institutional score is 42 using EVA spread proxy -2.3%; growth durability 53.0.
Valuation
Valuation institutional score is 93 using relative multiple z-scores where peer dispersion is available.
Analyst Consensus
Analyst View institutional score is 64 using mean target upside 26.8%; dispersion penalty 17.8; recommendation breadth from available consensus.
Technical Structure
Technicals institutional score is 64 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.
Market Sentiment
Recent news flow is balanced or not decisive enough to tilt the tape. Based on 3 recent ticker-linked news items.
Signal Summary
Market intelligence remains Neutral. valuation provide support, while fundamentals and market sentiment remain considerations.
Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.
Key Data Points
Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.
Valuation Metrics
Trading 20.2% below historical median. Valuation is declining — currently in the strongly undervalued zone (z-score: -1.14). Confidence: 79%.
Live forward EPS implies next-12-month EPS of ₹10.78. Applying the stock's normalized valuation corridor produces a fair range of ₹193.39 to ₹262.17, with base value near ₹223.25 (+38.4% vs current price).
Live forward estimate anchored to the company's historical valuation corridor.
Forward EPS
₹10.78
Forward P/E
15.0x
Base Fair Value
₹223.25
Fair Range
₹193.39 - ₹262.17
Upside To Base
+38.4%
Estimate Source
Live forward EPS
Growth Estimate
+59.0%
5Y Average
19.59
Current
16.53
Overvalued
24.32
Undervalued
17.94
5Y Average
15.19
Current
12.57
Overvalued
16.62
Undervalued
12.73
5Y Average
1.87
Current
1.60
Overvalued
2.15
Undervalued
1.59
Peers & Comparison
Sector: Industrials · Theme: Building Products - Pipes
| Company | Rev. Growth | Margin | P/E | vs Avg | 52W Perf. |
|---|---|---|---|---|---|
JINDAL SAW LIMITED JINDALSAWBuilding Products - Pipes | +9.0% | 3.6% | 27.3x Fair | +8% vs avg | +33.5% |
MAHARASHTRA SEAMLESS LTD MAHSEAMLESBuilding Products - Pipes | +10.5% | 15.9% | 11.6x Undervalued | -54% vs avg | -9.8% |
RATNAMANI MET & TUB LTD. RATNAMANIBuilding Products - Pipes | -6.9% | 10.0% | 36.7x Premium | +46% vs avg | -5.4% |
FINOLEX INDUSTRIES LTD trades at a discount (16.2x vs peer avg 25.2x), suggesting potential undervaluation relative to the Building Products - Pipes cohort. Peers include JINDAL SAW LIMITED, MAHARASHTRA SEAMLESS LTD, RATNAMANI MET & TUB LTD. — selected based on business model, industry classification, market cap similarity, and business theme alignment.
Financials
Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.
Latest revenue
₹884 CrJun 2026Latest net profit
₹107 CrJun 2026Latest EPS
₹1.73Jun 2026Net margin
12.0%Jun 2026Performance
Bars show revenue and net profit. The line shows net margin.
- Revenue
- Net income
- Net margin %
Earnings
Revenue is shown in crores. EPS is rupees per share.
- Revenue
- EPS
Revenue to profit conversion
Bridge from operating numbers to profit for the latest reported period.
Latest reported period: Jun 2026
Debt level and coverage
Debt, cash and free cash flow compared on the same crore scale.
- Debt
- Free cash flow
- Cash & equivalents
Results
| Metric | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,179 | 883 | 1,020 | 1,235 | 1,140 | 828 | 1,001 | 1,172 | 1,043 | 859 | 898 | 1,314 | 884 |
| Expenses + | 1,027 | 780 | 900 | 1,026 | 934 | 818 | 918 | 1,001 | 950 | 729 | 775 | 982 | 777 |
| Operating Profit | 152 | 103 | 120 | 209 | 207 | 11 | 83 | 171 | 94 | 130 | 123 | 332 | 107 |
| OPM % | 13% | 12% | 12% | 17% | 18% | 1.3% | 8% | 15% | 9% | 15% | 14% | 25% | 12% |
| Other Income + | 40 | 63 | 35 | 44 | 472 | 84 | 48 | 65 | 65 | 60 | 52 | 36 | 75 |
| Interest | 9 | 12 | 8 | 7 | 7 | 7 | 10 | 6 | 6 | 4 | 3 | 8 | 7 |
| Depreciation | 34 | 27 | 28 | 27 | 26 | 26 | 27 | 27 | 27 | 27 | 26 | 26 | 27 |
| Profit before tax | 149 | 126 | 120 | 219 | 646 | 62 | 95 | 203 | 126 | 158 | 146 | 334 | 148 |
| Tax % | 26% | 25% | 26% | 26% | 22% | 16% | 25% | 26% | 23% | 25% | 25% | 24% | 27% |
| Net Profit + | 111 | 94 | 89 | 161 | 505 | 51 | 71 | 150 | 97 | 119 | 110 | 254 | 107 |
| EPS in Rs | 1.79 | 1.51 | 1.44 | 2.60 | 8.14 | 0.83 | 1.14 | 2.42 | 1.56 | 1.92 | 1.77 | 4.10 | 1.73 |
| Raw PDF |
All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).
Events Timeline
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome