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Fine Organic Industries

FINEORG
Small Cap
(%) 1D
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1D1W1M3M6M1YMAX

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Fine Organic Industries Share price and Fundamental Analysis

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Fine Organic Industries is a pioneer and the largest producer of oleochemical-based additives in India and a key producer globally. The Company produces a wide range of specialty plant derived oleochemicals-based additives used in the foods, polymers, plastic, cosmetics, personal care, paint, ink, coatings feed nutrition and other specialty application in various industries. It is the first largest producer of to introduce slip additives in India. Its facilities are located at Ambernath, Badlapur and Dombivali, producing over 450 specialty additives.
Company Incorporation2002
ChairmanMukesh Maganlal Shah
Head QuartersNA
Previous NameNA

Key Metrics

Market Cap (Cr)
13,936
PE Ratio
33.95
Industry P/E
52.71
PEG Ratio
-100.37
ROE
17.88%
ROCE
24.25%
ROA
16.35%
Total Debt (Cr)
2.65
Debt to Equity
0
Dividend Yield
0.24%
EPS
133.89
Book Value & P/B
723.4 x 6.28
Face Value
5
Outstanding Shares(Cr)
3.07
Current Ratio
8.53
EV to Sales
5.72

Included In

+More

Stock Returns

1 Week-5.44%
1 Month-1.83%
6 Months-4.82%
1 Year-4.24%
3 Years-4.7%
5 Years+139.69%

CAGR

1 Year CAGR

Revenue Growth

-29.78%

Net Profit Growth

-33.36%

Operating Profit Growth

-32.38%

Dividend Growth

+11.11%

Stock Returns CAGR

-4.5%
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Mar 25

Promoters : 75.00%

FIIs : 4.66%

DIIs : 12.04%

Public : 8.31%

Promoter
FII/FPI
DII
Public
Promoter Pledge stands at 0.0% of holding in March 2025 Qtr
DII Shareholding Increased by 0.52% to 12.04% in March 2025 Qtr
FII Shareholding Decreased by 0.56% to 4.66% in March 2025 Qtr

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Dividend History

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Fine Organic Industries Management and History

Company Management

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Company History

Fine Organic Industries is a pioneer and the largest producer of oleochemical-based additives in India and a key producer globally. The Company produces a wide range of specialty plant derived oleochemicals-based additives used in the foods, polymers, plastic, cosmetics, personal care, paint, ink, coatings feed nutrition and other specialty application in various industries. It is the first largest producer of to introduce slip additives in India. Its facilities are located at Ambernath, Badlapur and Dombivali, producing over 450 specialty additives.

The Company has a dedicated research and development (R&D) centre located in Mahape, Navi Mumbai. The Company provides specialised products and technical services to the end-user industry, reinforced by inhouse manufacturing and design/engineering facilities, well equipped R&D, and a techno-commercial approach. As at 31st March 2023, the Company had a range of over 470 different products sold under the Fine Organics' brand and 850+ direct customers (i.e., end-users) and over 180 distributors (who sold its products to more than 5,000 customers) from more than 80 countries.

Ramesh Maganlal Shah and Prakash Damodar Kamat founded Fine Organic Industries' in early 1970 at Mumbai, which was registered in 1973 as a partnership firm under the Indian Partnership Act, 1932. It commissioned its first facility in Dombivli MIDC Industrial Area in 1973, i.e. the Dombivli Facility which carried out processing and supply of food additives in Gujarat and Maharashtra. In 1975, Mukesh Maganlal Shah joined the partnership firm and expanded the business across India. Thereafter, in 1982, then existing partners incorporated a private limited company at Mumbai under the name of Smoothex Chemicals Private Limited' for further expansion of the business. In 1988, the partnership firm had set up a production facility of various specialty additives i.e. the Second Ambernath Facility. Subsequently, Smoothex Chemicals expanded the production facilities in Malaysia and Thailand in 1990 and 1993, respectively. Further, the then existing partners founded another partnership firm in the name of Olefine Organics' for enhancing the capacity in order to meet the market demands. In 1995, the then existing promoters incorporated another private limited company under the name of Oleofine Organics (India) Private Limited for expanding the capacity for polymer additives.

Fine Organic Industries Limited (FOIL) was originally incorporated as a private limited company on May 24, 2002 at Mumbai under the name 'Fine Organic Industries (Mumbai) Private Limited'. The Company got converted into a public limited company and the name of Company was changed to Fine Organic Industries Limited with effect from November 2, 2017.

A plot of MIDC land of 39,412 square metre at Additional Ambernath was procured under a lease for 95 years. In 2003, then existing promoters incorporated another private company under the name of 'Fine Research & Development Centre Private Limited' for undertaking dedicated research and development in their existing products, and established the Research and Development Centre in Navi Mumbai. In the First Ambernath Facility, the company commissioned a fatty acids esters facility in 2006. In 2008, the company commissioned a polymer additives unit at its First Ambernath Facility.

In January 2009, the name of the Company was changed to Fine Organic Industries Private Limited for a better depiction of the nature and scale of operations and the business of the Company which is not limited to Mumbai only, as contained in the original name, with effect from February 16, 2009. In 2010, polymer additives capacity was expanded at the company's First Ambernath Facility.

Pursuant to the order passed by the High Court of Bombay on June 17, 2011, Oleofine Organics (India) Private Limited was amalgamated with the Company. In 2012, the company commissioned additional food and polymer additives unit at its First Ambernath Facility. In 2013, the Company incorporated its wholly owned Subsidiary at the United States of America.

In 2014, the Company established Joint Venture with Zeelandia International at Mumbai to manufacture food premixes and to maximize the benefits of synergies.

In 2015, the company commissioned additional food and polymer capacity at its First Ambernath Facility. In 2016, the Company incorporated its wholly owned Subsidiary in Europe.

Pursuant to the order passed by the National Company Law Tribunal, Mumbai on June 19, 2017, Fine Speciality Surfactants Private Limited, a company incorporated on August 19, 1987, and engaged in the manufacture, distribution and production of speciality chemicals, and Fine Research & Development Centre Private Limited were amalgamated with the Company. Thereafter, on July 18, 2017, the Company has sub-leased the facility and general plant and machinery at Dombivli, MIDC from Fine Organic Industries partnership firm pursuant to the leave and license agreement.

In 2018, the company signed a joint venture agreement with Germany's Adcotec for application, development, marketing, distribution and sales activities of food and food additives.

The company launched an initial public offer (IPO) during the period from 20 June 2018 to 22 June 2018. The IPO comprised of offer for sale of 76.64 lakh shares by promoters. There was no fresh issue of shares by the company. The IPO was priced at Rs 783 per share. The stock made its debut on the bourses on 2 July 2018.

On 13 July 2018, Fine Organic Industries informed the stock exchanges that it has signed agreement with Citi Bank N.A., Jersey Branch for availing external commercial borrowing of USD 18.75 million to finance the capital expenditure of the Company.

During the FY 2017-18, pursuant to the resolutions passed by the Board of Directors at its meeting held on 5th July, 2017 and the scheme of amalgamation, 2,80,000 equity shares of face value of Rs 10 each were allotted to the shareholders of Fine Speciality Surfactants Private Limited and Fine Research and Development Centre Private Limited. Further, pursuant to a resolution passed by our Shareholders on 22nd September, 2017 in their Extra-Ordinary General Meeting, for issue of Bonus shares in the proportion of two equity shares for every one equity share, 1,02,19,992 equity shares were allotted to the shareholders as of the record date, being 10th August, 2017 pursuant to the resolution passed by the Board in its meeting held on 16th October, 2017.

The Company carries on business, in India and abroad, as manufacturers, processors, suppliers, distributors, dealers, importers, exporters of flavours, perfumes and flavouring chemicals, oil and colours, surface active agents, emulsifiers, preservatives, clouding agents, textile auxiliaries, lubricants, oleo chemicals and their derivatives, fatty acids and their derivatives, salt and esters. It also develops, processes, manufactures, deals in and carries on business in India and abroad in fine and heavy chemicals, oils, fats, dyes, dyestuffs, dye retardants, dye assistants, organic and inorganic chemicals.

As on March 31, 2021, the Company has two subsidiaries i.e. Fine Organics (USA), Inc. and Fine Organics Europe BV and two joint venture companies i.e. Fine Zeelandia Private Limited and FineADD Ingredients GmbH. On May 6, 2021, Company executed Joint Venture Agreement with Oleofine Organics Thailand Co., Ltd. (OFT) and Oleofine Organics Sdn. Bhd. (OFM) for incorporation of a new Joint Venture Company (JVC) in Thailand to carry on the business of manufacturing of Speciality Chemical products and supplying, exporting and distribution of such products. A joint venture company, Fine Organic Industries (Thailand) Co., Ltd. was incorporated on May 31, 2021. Further, the Board in its meeting held on November 11, 2021 approved the termination of Joint Venture Agreement with Adcotech GmbH for the Company i.e. FineADD Ingredients GmbH subject to the completion of applicable regulatory formalities.

As on March 31, 2022, the Company has two subsidiaries i.e. Fine Organics (USA), Inc. and Fine Organics Europe BV and three joint venture companies i.e. Fine Zeelandia Private Limited, FineADD Ingredients GmbH and Fine Organic Industries (Thailand) Co., Ltd.

In 2022-23, the Company commissioned new Fine Organics plants at Ambernath, Badlapur, Dombivli and Patalganga.

Fine Organic Industries Share Price

Fine Organic Industries share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.

Fine Organic Industries Market Cap

Market capitalization of Fine Organic Industries indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Fine Organic Industries is valued compared to its competitors.

Fine Organic Industries PE Ratio

Fine Organic Industries PE ratio helps investors understand what is the market value of each stock compared to Fine Organic Industries 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.

Fine Organic Industries PEG Ratio

The PEG ratio of Fine Organic Industries evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.

Fine Organic Industries ROE (Return on Equity)

Return on Equity (ROE) measures how effectively Fine Organic Industries generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.

Fine Organic Industries ROCE (Return on Capital Employed)

Return on Capital Employed (ROCE) evaluates the profitability of Fine Organic Industries in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.

Fine Organic Industries Total Debt

Total debt of Fine Organic Industries shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.

Fine Organic Industries Debt to Equity Ratio

The Debt-to-Equity (DE) ratio of Fine Organic Industries compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.

Fine Organic Industries CAGR (Compound Annual Growth Rate)

CAGR shows the consistent growth rate of Fine Organic Industries over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.

Fine Organic Industries Technical Analysis

Technical analysis of Fine Organic Industries helps investors get an insight into when they can enter or exit the stock. Key components of Fine Organic Industries Technical Analysis include:

Support Levels (S1, S2, S3)

There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.

Resistance Levels (R1, R2, R3)

There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Fine Organic Industries shares often struggle to rise above due to selling pressure.

Fine Organic Industries Dividends

Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Fine Organic Industries ’s financial health and profitability.

Fine Organic Industries Bonus Shares

Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.

Fine Organic Industries Stock Split

Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.

Fine Organic Industries Financials

The financials of Fine Organic Industries provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.

Fine Organic Industries Profit and Loss Statements

The profit and loss statement of Fine Organic Industries highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Fine Organic Industries .

Fine Organic Industries Balance Sheet

The balance sheet presents a snapshot of Fine Organic Industries ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.

Fine Organic Industries Cashflow Statements

Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.

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