Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹935 Cr.
Stock P/E
168.8
P/B
3.4
Current Price
₹742.5
Book Value
₹ 216.8
Face Value
10
52W High
₹832.5
52W Low
₹ 427.9
Dividend Yield
0.13%

Fairchem Organics Overview

Business

Fairchem Organics Ltd. is an India-based manufacturer of specialty chemicals. The company primarily focuses on oleo chemicals and their derivatives, utilizing various vegetable oils as key raw materials. Its product portfolio includes refined glycerine, fatty acids, dimer acid, and other specialty intermediates. Fairchem operates on a B2B model, supplying its products to a diverse range of industries such as paints and coatings, polymers, adhesives, printing inks, personal care, nutrition, pharmaceuticals, and other industrial applications. Revenue is generated through the manufacturing and sale of these value-added chemical products.

Revenue Mix

While Fairchem Organics Ltd. does not typically report formal business segments with specific revenue breakdowns, its operations can be broadly categorized by its primary product groups:

Oleo Chemicals: This forms the core, including refined glycerine, fatty acids, and their various derivatives.

Dimer Acid: A key specialty chemical product.

Other Specialty Chemicals & Intermediates: A range of other chemicals catering to diverse industrial applications.

The company's focus is predominantly on value-added products derived from natural, renewable vegetable oils.

Industry

Fairchem Organics operates within the Indian specialty chemicals industry, a sector characterized by high growth, diverse applications, and increasing global demand. This industry benefits from factors such as import substitution, robust domestic consumption, and a strong push for exports. Within this broader landscape, Fairchem is positioned as a specialized player in the oleo chemicals segment, known for its process expertise in converting vegetable oils into functional and value-added chemical products. It competes with both domestic and international manufacturers in various niche areas.

MOAT

Fairchem Organics possesses several competitive advantages:

Process Expertise & R&D: The company has developed specialized knowledge and proprietary processes for the complex conversion of vegetable oils into high-purity specialty chemicals, leading to efficient yields and product quality.

Backward Integration/Sourcing: Potential for established relationships and capabilities in sourcing diverse vegetable oil feedstocks, ensuring consistent supply and quality control.

Customer Relationships: Long-standing relationships with industrial customers across multiple end-user industries, built on product reliability and customization capabilities.

Diversified Product Applications: While focused on oleo-chemicals, the wide range of derivatives and their applications across various sectors mitigates dependence on any single industry.

Growth Drivers

Rising Demand for Specialty Chemicals: Continued global and domestic growth in demand for specialty chemicals, particularly bio-based and eco-friendly options.

End-User Industry Growth: Expansion in key client industries such as paints, coatings, polymers, personal care, and pharmaceuticals will drive demand for Fairchem's products.

Capacity Expansion: Any ongoing or planned capital expenditure projects to enhance manufacturing capacity will facilitate higher production volumes and sales.

New Product Development: Introduction of new value-added derivatives or diversification into adjacent specialty chemical niches.

Export Opportunities: Leveraging competitive manufacturing capabilities to cater to increasing international demand for specialty chemicals.

Risks

Raw Material Price Volatility: Significant dependence on vegetable oils means profitability is highly susceptible to fluctuations in global edible oil prices.

Intense Competition: The specialty chemicals market is competitive, potentially leading to pricing pressures and margin erosion.

Regulatory & Environmental Compliance: Strict and evolving environmental regulations, as well as chemical safety standards, can incur significant compliance costs and operational restrictions.

Economic Downturn: A slowdown in global or domestic economic activity could reduce demand from key end-user industries.

Foreign Exchange Fluctuations: Exposure to currency volatility due to potential imports of raw materials and exports of finished goods.

Management & Ownership

Fairchem Organics Ltd. is promoted by the V.G. Jatiya Group. The management team typically consists of professionals with considerable experience in the chemicals sector, particularly in oleo chemicals. The promoter group holds a significant stake in the company, reflecting a strong alignment of interests. The remaining ownership is distributed among institutional investors (Domestic and Foreign) and the public.

Outlook

Fairchem Organics operates in an attractive segment of the specialty chemicals industry, poised to benefit from increasing demand for bio-based and value-added oleo chemicals. Its core strengths lie in its process expertise, diversified product applications, and established customer relationships. Anticipated growth in end-user industries and potential capacity expansions are positive drivers. However, the company faces inherent challenges, notably the volatility of raw material prices and intense competition, which can impact its profitability and market share. Navigating these risks through efficient raw material procurement, continuous innovation, and strategic capacity utilization will be crucial for the company's sustained performance and ability to capitalize on industry growth trends.

Fairchem Organics Share Price

Live · BSE / NSE · Inception: 2019
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

Fairchem Organics Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 161 165 139 114 121 131 112 100 117 176
Other Income 0 0 0 0 0 0 0 0 1 0
Total Income 161 165 139 114 121 131 112 100 117 176
Total Expenditure 142 143 130 106 116 126 107 96 109 158
Operating Profit 19 22 9 8 5 5 5 4 9 18
Interest 1 1 1 1 1 1 1 1 1 2
Depreciation 3 3 3 3 3 3 3 3 3 3
Exceptional Income / Expenses 0 0 0 0 0 0 0 -1 0 0
Profit Before Tax 16 19 5 5 1 2 1 -0 5 14
Provision for Tax 4 5 1 1 1 0 0 -0 1 4
Profit After Tax 12 14 4 4 1 1 1 -0 4 10
Adjustments 0 -0 -0 0 0 -0 0 0 -0 0
Profit After Adjustments 12 14 4 4 1 1 1 -0 4 10
Adjusted Earnings Per Share 9 10.6 3.1 2.7 0.5 0.9 0.6 -0.1 2.9 7.9

Fairchem Organics Profit & Loss

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 306 397 643 648 621 538 460 505
Other Income 7 0 0 1 1 1 1 1
Total Income 313 397 644 649 623 539 461 505
Total Expenditure 258 328 538 576 554 495 438 470
Operating Profit 55 69 105 73 68 44 23 36
Interest 7 7 7 6 4 4 4 5
Depreciation 6 7 7 8 9 11 11 12
Exceptional Income / Expenses 0 0 0 0 0 0 -1 -1
Profit Before Tax 42 56 91 59 55 30 7 20
Provision for Tax 8 13 23 15 14 8 2 5
Profit After Tax 35 42 68 44 41 22 6 15
Adjustments 0 0 0 0 0 0 0 0
Profit After Adjustments 35 42 68 44 41 22 6 15
Adjusted Earnings Per Share 0 32.6 52.2 33.4 31.1 16.9 4.4 11.3

Fairchem Organics Balance Sheet

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 127 169 232 259 290 302 263
Minority's Interest 0 0 0 0 0 0 0
Borrowings 16 26 10 0 0 0 0
Other Non-Current Liabilities 13 13 15 16 18 21 24
Total Current Liabilities 63 51 67 67 26 79 103
Total Liabilities 219 259 324 342 334 402 391
Fixed Assets 126 126 141 156 191 201 196
Other Non-Current Assets 18 34 46 38 10 20 23
Total Current Assets 75 98 137 149 133 181 168
Total Assets 219 259 324 342 334 402 391

Fairchem Organics Cash Flow

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 0 0 0 0 0 0 0
Cash Flow from Operating Activities 31 40 40 50 74 -17 42
Cash Flow from Investing Activities -24 -23 -34 -14 -18 -26 -14
Cash Flow from Financing Activities -7 -17 -6 -35 -57 42 -28
Net Cash Inflow / Outflow 0 -0 -0 -0 0 -0 0
Closing Cash & Cash Equivalent 0 0 0 0 0 0 0

Fairchem Organics Ratios

# Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 0 32.63 52.15 33.41 31.1 16.88 4.4
CEPS(Rs) 0 37.68 57.63 39.67 38.23 24.97 13.15
DPS(Rs) 0 3.5 13 7.5 7.5 7.5 1
Book NAV/Share(Rs) 0 129.59 178.29 199.11 222.67 231.96 208.83
Core EBITDA Margin(%) 15.78 17.36 16.3 11.04 10.67 7.88 4.7
EBIT Margin(%) 15.99 15.77 15.25 9.9 9.37 6.19 2.39
Pre Tax Margin(%) 13.84 14.01 14.19 8.95 8.7 5.51 1.59
PAT Margin (%) 11.32 10.71 10.56 6.64 6.45 4.05 1.2
Cash Profit Margin (%) 13.27 12.37 11.67 7.89 7.93 5.99 3.6
ROA(%) 15.86 17.8 23.31 13.05 11.97 5.97 1.4
ROE(%) 30.52 30.08 33.88 17.7 14.75 7.42 1.96
ROCE(%) 25.34 29.86 37.75 21.49 19.4 10.14 3.1
Receivable days 45.11 38.95 30.92 34.77 34.72 48.07 61.17
Inventory Days 41.97 37.06 32.72 41.79 43.52 53.13 71.6
Payable days 11.78 12.2 8.14 7.53 9.66 10.55 10.13
PER(x) 0 22.94 28.85 27.36 38.16 51.93 98.56
Price/Book(x) 0 5.78 8.44 4.59 5.33 3.78 2.08
Dividend Yield(%) 0 0.47 0.86 0.82 0.63 0.86 0.23
EV/Net Sales(x) 0 2.6 3.14 1.91 2.5 2.24 1.37
EV/Core EBITDA(x) 0 14.92 19.21 16.99 22.8 27.27 27.43
Net Sales Growth(%) 0 29.39 62.19 0.76 -4.1 -13.45 -14.55
EBIT Growth(%) 0 27.64 56.86 -33.89 -9.28 -42.91 -67.2
PAT Growth(%) 0 22.42 59.84 -35.94 -6.9 -45.74 -74.79
EPS Growth(%) 0 0 59.84 -35.94 -6.9 -45.74 -73.94
Debt/Equity(x) 0.59 0.34 0.27 0.19 0.03 0.21 0.32
Current Ratio(x) 1.19 1.93 2.04 2.23 5.1 2.3 1.63
Quick Ratio(x) 0.63 1.03 1 1.03 2.42 1.17 0.73
Interest Cover(x) 7.45 8.96 14.31 10.36 13.88 9.16 2.98
Total Debt/Mcap(x) 0 0.06 0.03 0.04 0 0.06 0.15

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -14% -11% +3% —
Operating Profit CAGR -48% -32% -20% —
PAT CAGR -73% -49% -32% —
Share Price CAGR -4% -12% -17% —
ROE Average +2% +8% +15% +19%
ROCE Average +3% +11% +18% +21%

Fairchem Organics Shareholding Pattern

Latest · Sep 2026
100% held
Promoters 63.26 %
FII 6.37 %
DII (MF + Insurance) 1.42 %
Public (retail) 28.96 %
# Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
Promoter 58.758.761.1961.1961.1961.1961.1963.2663.2663.26
FII 6.296.366.316.316.286.186.346.356.346.37
DII 5.165.165.165.585.665.662.012.062.021.42
Public 29.8429.7727.3426.9126.8726.9730.4528.3428.3828.96
Others 0000000000
Total 100100100100100100100100100100

Fairchem Organics Peer Comparison

Chemicals Edit Columns

Fairchem Organics Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Fairchem Organics Pros & Cons

Pros

  • Debtor days have improved from 10.55 to 10.13days.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 8% over the last 3 years.
  • Stock is trading at 3.4 times its book value.
  • The company has delivered a poor profit growth of -32% over past five years.
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