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Fine Organic Inds. Overview

Fine Organic Industries Ltd manufactures, strategies, resources, distributes, and imports oleochemical-based additives in India and across the world. It offers food components, which include emulsifiers, antifungal components, and other speciality additive blends; plastic components, such as dispersing retailers, processing aids, anti-stats, glide improvers, lubricants, mildew release retailers, slip sellers, and antifogging additives for polymers, polymer compounds and masterbatches, foamed products, PVC products, and engineering plastics; cos...Read More

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Fine Organic Inds. Key Financials

Market Cap ₹15046 Cr.

Stock P/E 36.7

P/B 5.9

Current Price ₹4907.5

Book Value ₹ 832.2

Face Value 5

52W High ₹5490

Dividend Yield 0.22%

52W Low ₹ 3856

Fine Organic Inds. Share Price

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Volume
Price

Fine Organic Inds. Quarterly Price

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Fine Organic Inds. Peer Comparison

Fine Organic Inds. Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 540 488 547 550 596 517 607 588 597 555
Other Income 17 17 23 25 22 25 26 40 21 21
Total Income 558 506 570 574 618 542 633 628 618 576
Total Expenditure 409 370 403 410 445 414 487 465 462 460
Operating Profit 148 136 166 164 173 128 145 163 156 115
Interest 1 1 1 1 0 0 1 1 0 0
Depreciation 14 15 15 12 13 13 15 12 13 14
Exceptional Income / Expenses 0 0 -1 0 0 0 0 7 0 0
Profit Before Tax 133 120 150 152 160 115 130 158 143 101
Provision for Tax 29 25 35 38 42 32 33 40 33 27
Profit After Tax 104 95 115 114 118 83 97 118 110 74
Adjustments -1 -1 -0 -0 -0 -0 0 -1 -1 -0
Profit After Adjustments 103 94 115 113 117 83 97 117 109 74
Adjusted Earnings Per Share 33.7 30.7 37.4 36.9 38.3 27 31.7 38.2 35.4 24.1

Fine Organic Inds. Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 615 660 779 856 1060 1038 1133 1876 3023 2123 2269 2347
Other Income 2 9 4 16 24 23 17 33 64 72 98 108
Total Income 617 669 783 872 1084 1061 1150 1909 3087 2195 2367 2455
Total Expenditure 501 514 634 697 827 798 934 1512 2192 1588 1756 1874
Operating Profit 116 155 149 174 258 264 216 397 895 606 610 579
Interest 8 8 4 3 6 8 6 5 5 2 2 2
Depreciation 23 30 24 20 17 35 47 40 48 57 52 54
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 -1 0 7
Profit Before Tax 86 117 121 151 234 216 162 352 841 544 555 532
Provision for Tax 29 41 43 56 95 51 42 92 223 132 145 133
Profit After Tax 57 76 78 95 140 165 120 260 618 412 410 399
Adjustments 0 0 0 0 -3 -0 -0 -0 0 0 0 -2
Profit After Adjustments 57 76 78 95 136 165 120 260 618 412 410 397
Adjusted Earnings Per Share 19.7 26.3 26.9 31.1 44.4 53.7 39.2 84.7 201.6 134.3 133.9 129.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 7% 7% 17% 14%
Operating Profit CAGR 1% 15% 18% 18%
PAT CAGR -0% 16% 20% 22%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 14% 3% 14% NA%
ROE Average 19% 31% 28% 29%
ROCE Average 26% 41% 37% 37%

Fine Organic Inds. Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 194 254 328 396 500 619 731 959 1541 1921 2295
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 55 52 0 0 93 91 57 25 0 0 0
Other Non-Current Liabilities -1 -3 -4 -5 4 1 -4 -7 -10 -11 -14
Total Current Liabilities 126 113 116 134 105 134 155 251 265 184 214
Total Liabilities 375 416 441 525 702 845 940 1228 1796 2094 2495
Fixed Assets 124 125 97 88 78 217 196 229 214 268 363
Other Non-Current Assets 41 40 63 103 190 104 123 110 162 143 319
Total Current Assets 210 251 281 333 434 524 620 888 1420 1682 1813
Total Assets 375 416 441 525 702 845 940 1228 1796 2094 2495

Fine Organic Inds. Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 9 3 40 14 11 108 206 259 226 515 695
Cash Flow from Operating Activities 80 114 45 65 98 219 134 67 485 635 204
Cash Flow from Investing Activities -65 -28 -16 -52 -93 -85 -40 -56 -85 -391 -669
Cash Flow from Financing Activities -20 -56 -55 -17 92 -37 -41 -68 -69 -59 -34
Net Cash Inflow / Outflow -6 30 -26 -3 97 98 53 -58 332 185 -499
Closing Cash & Cash Equivalent 3 44 14 11 108 206 259 226 515 695 189

Fine Organic Inds. Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 19.69 26.29 26.87 31.09 44.43 53.74 39.24 84.67 201.6 134.34 133.89
CEPS(Rs) 27.51 36.58 35.05 37.63 51.23 65.05 54.5 97.72 217.22 152.8 150.94
DPS(Rs) 15 22.5 22.5 7 7 7 11 9 9 10 11
Book NAV/Share(Rs) 66.83 87.7 113.2 129.02 163.16 201.86 238.55 312.85 502.69 625.99 748.61
Core EBITDA Margin(%) 17.7 21.04 17.76 18.25 21.98 23.08 17.55 19.27 27.45 25.09 22.58
EBIT Margin(%) 14.49 18.05 15.34 17.78 22.6 21.51 14.82 18.84 27.93 25.66 24.53
Pre Tax Margin(%) 13.3 16.85 14.81 17.41 22.03 20.74 14.28 18.58 27.78 25.54 24.44
PAT Margin (%) 8.86 10.99 9.54 10.98 13.14 15.82 10.6 13.73 20.42 19.34 18.07
Cash Profit Margin (%) 12.38 15.29 12.45 13.29 14.78 19.14 14.72 15.84 22 21.99 20.37
ROA(%) 15.97 19.28 18.18 19.74 22.75 21.3 13.48 23.96 40.88 21.17 17.89
ROE(%) 32.34 34.03 26.75 26.35 31.17 29.45 17.82 30.72 49.44 23.81 19.48
ROCE(%) 32.87 38.33 34.53 37.75 44.57 32.67 21.52 38.78 65.39 31.34 26.45
Receivable days 46.98 46.84 44.54 54 51.88 50.43 47.24 44.67 39.3 56.71 51.64
Inventory Days 33.66 37.02 37.66 38.11 30.64 38.7 41.44 34.9 41.03 60.47 50.11
Payable days 54.85 51.77 44.21 45.19 35.82 43.41 47.86 39.94 34.62 48.24 41.45
PER(x) 0 0 0 0 27.83 35.39 58.17 47.41 21.36 30 29.83
Price/Book(x) 0 0 0 0 7.58 9.42 9.57 12.83 8.57 6.44 5.34
Dividend Yield(%) 0 0 0 0 0.57 0.37 0.48 0.22 0.21 0.25 0.28
EV/Net Sales(x) 0.17 0.1 0.03 0.07 3.59 5.53 6.02 6.47 4.2 5.33 4.98
EV/Core EBITDA(x) 0.9 0.41 0.18 0.32 14.79 21.78 31.54 30.54 14.2 18.65 18.51
Net Sales Growth(%) 8.38 7.32 18.1 9.84 23.9 -2.1 9.16 65.57 61.12 -29.78 6.89
EBIT Growth(%) -11.21 34.09 0.04 23.29 55.62 -6.7 -24.91 111.83 137.2 -35.36 1.98
PAT Growth(%) -7.56 33.49 2.21 22.41 46.45 18.05 -26.98 115.81 138 -33.36 -0.34
EPS Growth(%) -7.56 33.49 2.21 15.71 42.9 20.96 -26.98 115.76 138.09 -33.36 -0.34
Debt/Equity(x) 0.53 0.4 0.12 0.14 0.26 0.2 0.12 0.06 0.02 0 0
Current Ratio(x) 1.66 2.22 2.41 2.48 4.12 3.91 4 3.54 5.37 9.13 8.46
Quick Ratio(x) 1.15 1.55 1.62 1.82 3.27 2.93 3.19 2.6 3.69 7.71 6.76
Interest Cover(x) 12.12 15.06 28.52 48.93 39.62 28.08 27.45 72.14 185.11 224.64 253.85
Total Debt/Mcap(x) 0 0 0 0 0.03 0.02 0.01 0 0 0 0

Fine Organic Inds. Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 75 75 75 75 75 75 75 75 75 75
FII 3.59 4.47 4.94 4.89 5.22 4.66 4.81 4.57 4.43 4.4
DII 11.85 10.76 11.13 11.57 11.52 12.04 11.94 12.02 11.8 11.65
Public 9.57 9.77 8.93 8.55 8.26 8.31 8.26 8.41 8.77 8.95
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Fine Organic Inds. News

Fine Organic Inds. Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 31%
  • Debtor days have improved from 48.24 to 41.45days.
  • Company is almost debt free.

Cons

  • Stock is trading at 5.9 times its book value.
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