Annual Report Highlights No : 13
#FinolexIndustries FY 22 Annual Report Highlights
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#FinolexIndustries FY 22 Annual Report Highlights
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Finolex Industries is India’s largest and only backward integrated PVC Pipes and Fittings
manufacturer.
Finolex offers a wide range of PVC pipes and fittings suitable for applications in agriculture,
plumbing and sanitation.
manufacturer.
Finolex offers a wide range of PVC pipes and fittings suitable for applications in agriculture,
plumbing and sanitation.
Company has 3 manufacturing plant in Maharashtra (Ratnagiri and Urse) and Gujarat
(Masar) with annual production capacity for Pipes and Fittings is 3,70,000 MT and for PVC
Resin is 2,72,000 MT.
(Masar) with annual production capacity for Pipes and Fittings is 3,70,000 MT and for PVC
Resin is 2,72,000 MT.
FY 22 Highlights
Industry
The government has allocated ₹60,000 crore in the Union Budget 2022 for the flagship scheme – ‘Har Ghar Nal se Jal’ – to provide tap water to rural households.
Biggest beneficiaries are the large,
Industry
The government has allocated ₹60,000 crore in the Union Budget 2022 for the flagship scheme – ‘Har Ghar Nal se Jal’ – to provide tap water to rural households.
Biggest beneficiaries are the large,
organised players, who has strong presence in the rural market.
The Russia-Ukraine conflict has led to a rise in oil prices and other products related to the agriculture sector
The Russia-Ukraine conflict has led to a rise in oil prices and other products related to the agriculture sector
Financials
Revenue: 4647 crores (34% Growth)
Revenue growth was backed by increase in share plumbing and sanitation
Volume: 236895 MT (as against 212059 MT in FY 21)
Revenue: 4647 crores (34% Growth)
Revenue growth was backed by increase in share plumbing and sanitation
Volume: 236895 MT (as against 212059 MT in FY 21)
EBITDA: 1024 crore (3% Growth)
EBITDA Margin: 22.03% (down from 28.57% in FY 21)
Profit margins impacted by higher input prices in the year
PAT: 1051.33 Crore (including exceptional gain of 376.06 crore)
Operating Cash Flow: 621.99 crore (Cash flow in FY 21 was 940.98 crores)
EBITDA Margin: 22.03% (down from 28.57% in FY 21)
Profit margins impacted by higher input prices in the year
PAT: 1051.33 Crore (including exceptional gain of 376.06 crore)
Operating Cash Flow: 621.99 crore (Cash flow in FY 21 was 940.98 crores)
ROCE : 67.09% (Increased from 65.03% in FY 21)
Transfer of leasehold right of land
The Company has transferred leasehold rights of approx. 34.88 acres of land (out of approx.
70 acres) post completion of necessary regulatory approvals and formalities.
Transfer of leasehold right of land
The Company has transferred leasehold rights of approx. 34.88 acres of land (out of approx.
70 acres) post completion of necessary regulatory approvals and formalities.
The Company has accordingly, recognised ₹376.06 crores net gain, disclosed as exceptional
item during the year
item during the year
Segment
PVC Resins
Revenue: 2962.1 (30.3% YoY Growth)
Volume: 2,24,924 (Degrowth of 4.7%)
Profit: 722.78 crores (3.8% YoY Growth)
PVC Resins
Revenue: 2962.1 (30.3% YoY Growth)
Volume: 2,24,924 (Degrowth of 4.7%)
Profit: 722.78 crores (3.8% YoY Growth)
Pipes and Fittings
Revenue: 3852.67 (46.2% YoY Growth)
Volume: 2,36,895 (11.7% YoY Growth)
Revenue: 3852.67 (46.2% YoY Growth)
Volume: 2,36,895 (11.7% YoY Growth)
Profit: 250.24 Crores (Degrowth of 0.4%)
Branding Spends
Finolex launched its four film - TV advertisement campaign featuring Virender Sehwag,
during the peak season of IPL cricket matches.
Also used Print medium to connect with masses during the festive occasions.
Branding Spends
Finolex launched its four film - TV advertisement campaign featuring Virender Sehwag,
during the peak season of IPL cricket matches.
Also used Print medium to connect with masses during the festive occasions.
Finolex Pipes reached out to channel partners, plumbers, farmers and other key stakeholders on various festive occasions.
Capital Expenditure
Total Capital Expenditure for the year was 93.17 crores.
Capex towards PVC resins was 10.88 crore and for Pipes and fittings was 82.29 crore.
Total Capital Expenditure for the year was 93.17 crores.
Capex towards PVC resins was 10.88 crore and for Pipes and fittings was 82.29 crore.
Strategy for coming years
Expand distribution network in all geographies with higher focus in the northern and eastern regions
Increase installed capacities of PVC pipes and fittings in order to capture expected increase
in demand.
Expand distribution network in all geographies with higher focus in the northern and eastern regions
Increase installed capacities of PVC pipes and fittings in order to capture expected increase
in demand.
Follow Cash-n-carry model to keep the balance sheet light.
Promote brand and quality consciousness amongst consumer.
Promote brand and quality consciousness amongst consumer.
Micro Cap Club : valueeducator.com/micro-cap-club/
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