Fine Organic Industries Ltd
Fine Organic Industries is engaged in and outside India as manufacturers, processors, suppliers, distributors, dealers, importers, exporters of wide range of oleochemical-based additives used in foods, plastics, cosmetics, coatings and other specialty application in various industries.
- Market Cap ₹ 15,774 Cr.
- Current Price ₹ 5,145
- High / Low ₹ 5,959 / 4,005
- Stock P/E 40.8
- Book Value ₹ 666
- Dividend Yield 0.19 %
- ROCE 29.0 %
- ROE 21.7 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 23.3% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 32.0%
Cons
- Stock is trading at 7.72 times its book value
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Chemicals Industry: Chemicals
Part of BSE 250 SmallCap Index Nifty 500 Multicap 50:25:25 BSE 400 MidSmallCap Index BSE Allcap BSE Commodities
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2010 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 170 | 568 | 616 | 658 | 777 | 856 | 1,044 | 1,026 | 1,121 | 1,858 | 3,029 | 1,951 | 2,051 | |
| 144 | 458 | 500 | 512 | 630 | 692 | 822 | 790 | 929 | 1,510 | 2,248 | 1,470 | 1,562 | |
| Operating Profit | 26 | 109 | 116 | 147 | 147 | 164 | 222 | 236 | 192 | 349 | 781 | 481 | 489 |
| OPM % | 15% | 19% | 19% | 22% | 19% | 19% | 21% | 23% | 17% | 19% | 26% | 25% | 24% |
| 0 | 7 | 2 | 8 | 4 | 16 | 20 | 21 | 17 | 33 | 64 | 71 | 85 | |
| Interest | 0 | 10 | 7 | 7 | 4 | 3 | 2 | 5 | 6 | 5 | 4 | 2 | 2 |
| Depreciation | 0 | 11 | 23 | 30 | 24 | 20 | 17 | 35 | 47 | 40 | 48 | 56 | 54 |
| Profit before tax | 26 | 95 | 88 | 118 | 123 | 157 | 223 | 217 | 156 | 337 | 793 | 493 | 519 |
| Tax % | 21% | 34% | 33% | 35% | 35% | 36% | 42% | 23% | 26% | 26% | 26% | 26% | |
| 21 | 63 | 59 | 77 | 80 | 101 | 129 | 166 | 115 | 251 | 591 | 368 | 386 | |
| EPS in Rs | 103.10 | 129.63 | 122.34 | 159.34 | 165.57 | 33.05 | 42.08 | 54.31 | 37.49 | 81.76 | 192.63 | 119.88 | 125.92 |
| Dividend Payout % | 19% | 0% | 25% | 28% | 9% | 21% | 17% | 13% | 29% | 11% | 5% | 8% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 13% |
| 3 Years: | 20% |
| TTM: | -16% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 23% |
| 3 Years: | 47% |
| TTM: | -17% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 12% |
| 1 Year: | 22% |
| Return on Equity | |
|---|---|
| 10 Years: | 29% |
| 5 Years: | 30% |
| 3 Years: | 32% |
| Last Year: | 22% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2010 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 5 | 5 | 5 | 5 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
| Reserves | 9 | 155 | 192 | 253 | 330 | 393 | 493 | 615 | 724 | 943 | 1,507 | 1,846 | 2,027 |
| 98 | 112 | 103 | 102 | 40 | 54 | 128 | 125 | 89 | 59 | 29 | 4 | 4 | |
| 35 | 69 | 78 | 62 | 79 | 80 | 73 | 107 | 128 | 211 | 222 | 179 | 217 | |
| Total Liabilities | 144 | 341 | 378 | 423 | 454 | 542 | 709 | 862 | 956 | 1,228 | 1,772 | 2,044 | 2,263 |
| 63 | 70 | 124 | 125 | 97 | 88 | 78 | 217 | 196 | 229 | 214 | 233 | 223 | |
| CWIP | 0 | 24 | 8 | 6 | 3 | 32 | 106 | 6 | 26 | 14 | 40 | 30 | 28 |
| Investments | 0 | 0 | 0 | 5 | 14 | 14 | 17 | 44 | 44 | 43 | 53 | 116 | 181 |
| 81 | 247 | 246 | 287 | 340 | 408 | 508 | 596 | 690 | 941 | 1,465 | 1,666 | 1,831 | |
| Total Assets | 144 | 341 | 378 | 423 | 454 | 542 | 709 | 862 | 956 | 1,228 | 1,772 | 2,044 | 2,263 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2010 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 | 49 | 64 | 97 | 218 | 135 | 74 | 434 | 606 | ||||
| -14 | -16 | -52 | -93 | -84 | -40 | -56 | -85 | -429 | ||||
| 2 | -59 | -17 | 93 | -35 | -39 | -65 | -69 | -58 | ||||
| Net Cash Flow | 18 | -26 | -5 | 97 | 99 | 56 | -48 | 280 | 118 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2010 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 46 | 50 | 55 | 53 | 57 | 69 | 58 | 52 | 57 | 65 | 57 | 65 |
| Inventory Days | 82 | 56 | 59 | 69 | 65 | 55 | 44 | 72 | 55 | 62 | 58 | 64 |
| Days Payable | 86 | 61 | 51 | 50 | 50 | 45 | 29 | 51 | 50 | 46 | 33 | 43 |
| Cash Conversion Cycle | 42 | 45 | 64 | 72 | 72 | 78 | 73 | 73 | 62 | 80 | 83 | 86 |
| Working Capital Days | 54 | 74 | 73 | 79 | 89 | 106 | 85 | 65 | 75 | 87 | 79 | 79 |
| ROCE % | 33% | 38% | 35% | 38% | 41% | 32% | 20% | 37% | 62% | 29% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
15 Nov - Officials of the Company will be attending the investor conference organized by Kotak Conference
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
12 Nov - Officials of the Company will be attending the investor conference organized by Anand Rathi.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
11 Nov - Extract of unaudited financial results of the Company for the quarter and half year ended September 30, 2024.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
9 Nov - Unaudited financial results for Q2 and H1 FY25.
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Announcement under Regulation 30 (LODR)-Investor Presentation
9 Nov - Disclosure of November 2024 Investor Presentation.
Annual reports
Concalls
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Nov 2024TranscriptNotesPPT
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Jul 2024TranscriptNotesPPT
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May 2024Transcript PPT REC
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Feb 2024TranscriptNotesPPT
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Oct 2023TranscriptNotesPPT
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Jul 2023TranscriptNotesPPT
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May 2023TranscriptNotesPPT
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May 2023TranscriptNotesPPT
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Feb 2023TranscriptNotesPPT
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Nov 2022TranscriptNotesPPT
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Aug 2022TranscriptNotesPPT
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May 2022TranscriptNotesPPT
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Feb 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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May 2021TranscriptNotesPPT
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Feb 2021TranscriptNotesPPT
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Nov 2020TranscriptNotesPPT
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Aug 2020TranscriptNotesPPT
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Jun 2020TranscriptNotesPPT
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Jun 2020TranscriptNotesPPT
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Feb 2020TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Aug 2019TranscriptNotesPPT
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May 2019TranscriptNotesPPT
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Feb 2019TranscriptNotesPPT
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Nov 2018TranscriptNotesPPT
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Aug 2018TranscriptNotesPPT
Dominant Position
Fine Organic is the largest manufacturer of oleochemical-based niche additives in India. It is among the six largest global players in polymer additives and leading global players in specialty food emulsifiers.[1]