Fine Organic Industries Limited
₹5,050.20-₹101.35 (-2.0%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹12,930 Cr
- P/E
- 35.8x
- EV / EBITDA
- 22.8x
- Revenue
- ₹2,205 Cr
- Net margin
- 18.9%
- ROCE
- 25.8%
Price chart
Technical chartScreen technicals →+13.5% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -1.4%
- 3M
- +3.4%
- 6M
- +9.2%
- 1Y
- +13.5%
- 5Y
- +47.3%
52-week range
Day change -₹101.35 (-2.0%) from ₹5,152 to ₹5,050 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in FINEORG, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year net profit CAGR of 17.3%
Concerns1
- Operating margin declining for 3 consecutive years (26.0% → 25.0% → 22.0%)
Rule-based from financial data. Not advice.
About the company
Fine Organic Industries Limited engages in manufacture, processing, supply, distribution, dealing, import, and export of oleochemical-based additives in India and internationally. The company offers food additives, such as emulsifiers, antifungal agents, bakery products, starch complexity agents, viscosity modifiers, anti-blooming agents, anti-splattering agents, anti-crystallisers, and nutritional enhancers.
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Fine Organic Industries Limited engages in manufacture, processing, supply, distribution, dealing, import, and export of oleochemical-based additives in India and internationally. The company offers food additives, such as emulsifiers, antifungal agents, bakery products, starch complexity agents, viscosity modifiers, anti-blooming agents, anti-splattering agents, anti-crystallisers, and nutritional enhancers. It also provides polymer additives, including lubricants, anti-fogging additives, anti-static additives, anti-scratch additives, processing aids, flow modifiers, slip and anti-blocking, additives, dispersants, and mold release agents; personal care ingredients; feed ingredients; and coating and specialty additives. The company's products are used in plastics, foods, rubbers, coatings, cosmetics, feed nutrition, and other specialty applications. Fine Organic Industries Limited was founded in 1970 and is based in Mumbai, India.
- Sector
- Materials
- Shares outstanding
- 3.1 Cr shares
- ISIN
- INE686Y01026
- BSE code
- 541557
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹12,930 Cr
- P/E
- 35.8x
- P/B
- 5.5x
- EV / EBITDA
- 22.8x
- EV / Sales
- 6.5x
- P/S
- 6.6x
- Earnings yield
- 2.8%
- 52-week high
- ₹5,632.25
- 52-week low
- ₹3,885.85
Profitability
- Operating margin
- 24.7%
- Net margin
- 18.9%
- EBITDA margin
- 28.3%
- ROE
- 19.8%
- ROCE
- 25.8%
- ROA
- 18.0%
- Dividend payout
- 8.0%
- Tax rate
- 26.0%
- Other income, % of PBT
- 14.4%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹2,205 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 13.0%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 13.7%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹552 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -34.7%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 6.0%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 17.3%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹606 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 39.6%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹477 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 15.3%
Solvency and efficiency
- Current ratio
- 9.76
- Debt / Equity
- 0.00
- Debt / Assets
- 0.00
- Debt / EBITDA
- 0.01
- Interest coverage
- 240.50
- Financial leverage
- 1.10
- CFO / Net profit
- 1.65
- Cash / Market cap
- 12.6%
- Cash per share
- ₹531.05
- Asset turnover
- 0.95
- Fixed asset turnover
- 7.28
- Capital intensity
- 0.14
- Debtor days
- 65 days
- Inventory turnover
- 5.70
- Cash conversion cycle
- 86 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹18 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹1,724 Cr |
| Sales | Operating profit | ₹481 Cr |
| Operating profit | Interest | ₹2 Cr |
| Operating profit | Depreciation | ₹51 Cr |
| Operating profit | Profit before tax | ₹428 Cr |
| Other income | Profit before tax | ₹97 Cr |
| Profit before tax | Tax and other | ₹135 Cr |
| Profit before tax | Net profit | ₹390 Cr |
Revenue and net profit
Revenue grew 13.0% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹1,121 Cr | ₹115 Cr |
| FY2022 | ₹1,858 Cr | ₹251 Cr |
| FY2023 | ₹3,029 Cr | ₹591 Cr |
| FY2024 | ₹1,951 Cr | ₹368 Cr |
| FY2025 | ₹2,205 Cr | ₹390 Cr |
Cash flows
FY2025: ₹196 Cr from operations, -₹443 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹135 Cr | ₹95 Cr |
| FY2022 | ₹74 Cr | ₹18 Cr |
| FY2023 | ₹434 Cr | ₹349 Cr |
| FY2024 | ₹606 Cr | ₹177 Cr |
| FY2025 | ₹196 Cr | -₹443 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹2,205 Cr+13.0%1Y
- Net profit
- ₹390 Cr+6.0%1Y
- Cash from operations
- ₹196 Cr
- Free cash flow
- -₹443 Cr-350.3%1Y
- Revenue CAGR, 5Y
- 13.7%
- EBITDA CAGR, 5Y
- 16.5%
- Net profit CAGR, 5Y
- 17.3%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹2,205 Cr | ₹481 Cr | — | ₹390 Cr | ₹196 Cr | -₹443 Cr | 17.6% | +13.0% | +6.0% |
Monthly returns
Month-by-month returns of FINEORG across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹2,424 Cr |
| Equity capital | ₹15 Cr |
| Reserves | ₹2,203 Cr |
| Borrowings | ₹3 Cr |
| Other liabilities | ₹204 Cr |
| Assets | ₹2,424 Cr |
| Fixed assets | ₹254 Cr |
| Capital work in progress | ₹27 Cr |
| Investments | ₹181 Cr |
| Other assets | ₹1,963 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
FINEORG trades at 35.8x earnings against a peer median of 35.5x.
Not shown (no positive earnings and no EV / Sales): India Cements Ltd., NMDC Steel Limited.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Fine Organic Industries LimitedFINEORGthis company | ₹12,930 Cr | 35.8x | 5.5x | 19.8% | 22.8x |
| India Cements Ltd.INDIACEM | ₹14,502 Cr | — | 1.5x | -3.8% | 80.0x |
| Jain Resource Recycling LimitedJAINREC | ₹14,273 Cr | 56.3x | — | 43.8% | 54.8x |
| Aarti Industries LtdAARTIIND | ₹13,175 Cr | 49.0x | 2.3x | 7.9% | 16.4x |
| Aether Industries LimitedAETHER | ₹13,146 Cr | 74.9x | 5.7x | 4.3% | 80.8x |
| Nuvoco Vistas Corporation LimitedNUVOCO | ₹12,637 Cr | 64.8x | 1.4x | 1.7% | 12.5x |
| NMDC Steel LimitedNSLNISP | ₹12,244 Cr | — | 0.9x | -10.1% | -13.2x |
| GRAVITA INDIA LIMITEDGRAVITA | ₹11,994 Cr | 45.6x | 7.0x | 39.4% | 47.6x |
| PCBL Chemical LimitedPCBL | ₹11,042 Cr | 30.8x | 2.7x | 16.3% | 13.6x |
| Peer median | — | 35.5x | 3.7x | 12.9% | 19.2x |
Year-to-date ROI
FINEORG since 1 January, against earlier years.
Historical volatility
FINEORG's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 17.0% |
| FY2022 | 19.0% |
| FY2023 | 26.0% |
| FY2024 | 25.0% |
| FY2025 | 22.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹2,205 Cr |
| Costs | |
| Interest | ₹2 Cr |
| Expenses | ₹1,724 Cr |
| Operating profitOperating Profit | ₹481 Cr |
| Other income and charges | |
| Profit before tax | ₹525 Cr |
| Tax | |
| Net profitNet Profit | ₹390 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹2,424 Cr |
| Equity capitalEquity Capital | ₹15 Cr |
| Reserves | ₹2,203 Cr |
| Borrowings | ₹3 Cr |
| Other liabilitiesOther Liabilities | ₹204 Cr |
| AssetsTotal Assets | ₹2,424 Cr |
| Fixed assetsFixed Assets | ₹254 Cr |
| Capital work in progressCWIP | ₹27 Cr |
| Investments | ₹181 Cr |
| Other assetsOther Assets | ₹1,963 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹196 Cr |
| Investing cash flowCash from Investing Activity | -₹639 Cr |
| Financing cash flowCash from Financing Activity | -₹34 Cr |
| Change in cashNet Cash Flow | -₹477 Cr |
Learn while you research
Academy chapters picked for Fine Organic Industries Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 35.8, learn when high multiples are justified.6 min read
- 04 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 05 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read