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 35.9
- Book Value ₹ 691
- Dividend Yield 0.19 %
- ROCE 31.3 %
- ROE 23.8 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 24.8% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 33.7%
Cons
- Stock is trading at 7.44 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 660 | 778 | 856 | 1,060 | 1,038 | 1,133 | 1,876 | 3,023 | 2,123 | 2,181 | |
| 514 | 633 | 697 | 827 | 803 | 935 | 1,513 | 2,194 | 1,592 | 1,631 | |
| Operating Profit | 146 | 145 | 158 | 234 | 235 | 198 | 363 | 829 | 531 | 550 |
| OPM % | 22% | 19% | 19% | 22% | 23% | 17% | 19% | 27% | 25% | 25% |
| 8 | 4 | 16 | 20 | 20 | 17 | 33 | 64 | 71 | 86 | |
| Interest | 7 | 4 | 3 | 2 | 5 | 6 | 5 | 5 | 2 | 2 |
| Depreciation | 30 | 24 | 20 | 17 | 35 | 47 | 40 | 48 | 56 | 54 |
| Profit before tax | 117 | 121 | 151 | 234 | 216 | 162 | 352 | 841 | 544 | 580 |
| Tax % | 35% | 36% | 37% | 40% | 24% | 26% | 26% | 26% | 24% | |
| 76 | 78 | 95 | 136 | 165 | 120 | 260 | 618 | 412 | 439 | |
| EPS in Rs | 157.74 | 161.22 | 31.09 | 44.43 | 53.74 | 39.24 | 84.67 | 201.60 | 134.34 | 143.33 |
| Dividend Payout % | 29% | 9% | 23% | 16% | 13% | 28% | 11% | 4% | 7% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 23% |
| TTM: | -11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 25% |
| 3 Years: | 51% |
| TTM: | -4% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 12% |
| 1 Year: | 22% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 31% |
| 3 Years: | 34% |
| Last Year: | 24% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
| Reserves | 249 | 323 | 380 | 485 | 604 | 716 | 944 | 1,526 | 1,906 | 2,105 |
| 102 | 40 | 54 | 128 | 125 | 89 | 59 | 29 | 4 | 4 | |
| 63 | 76 | 81 | 74 | 108 | 127 | 219 | 237 | 182 | 224 | |
| Total Liabilities | 419 | 445 | 530 | 702 | 852 | 948 | 1,236 | 1,807 | 2,108 | 2,347 |
| 125 | 97 | 88 | 78 | 217 | 196 | 229 | 214 | 233 | 223 | |
| CWIP | 6 | 3 | 32 | 106 | 6 | 26 | 14 | 40 | 30 | 28 |
| Investments | 0 | 11 | 11 | 10 | 33 | 31 | 31 | 39 | 36 | 35 |
| 289 | 334 | 399 | 508 | 597 | 694 | 962 | 1,513 | 1,809 | 2,060 | |
| Total Assets | 419 | 445 | 530 | 702 | 852 | 948 | 1,236 | 1,807 | 2,108 | 2,347 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| 45 | 65 | 98 | 219 | 134 | 67 | 485 | 635 | ||
| -16 | -52 | -93 | -85 | -40 | -32 | -128 | -396 | ||
| -55 | -17 | 92 | -37 | -41 | -68 | -69 | -59 | ||
| Net Cash Flow | -26 | -3 | 97 | 98 | 53 | -33 | 289 | 180 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 49 | 52 | 62 | 54 | 47 | 52 | 59 | 42 | 54 |
| Inventory Days | 72 | 68 | 58 | 50 | 79 | 63 | 72 | 91 | 78 |
| Days Payable | 50 | 47 | 46 | 30 | 51 | 49 | 47 | 36 | 41 |
| Cash Conversion Cycle | 71 | 72 | 75 | 74 | 74 | 66 | 84 | 97 | 91 |
| Working Capital Days | 80 | 88 | 102 | 83 | 63 | 75 | 85 | 80 | 78 |
| ROCE % | 35% | 38% | 44% | 32% | 22% | 39% | 65% | 31% |
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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May 2023TranscriptNotesPPT
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May 2023TranscriptNotesPPT
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Feb 2023TranscriptNotesPPT
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Nov 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]