Skip to content

    Fine Organic Industries Limited

    Pioneer and largest Indian maker of oleochemical-based specialty additives for food, polymer, cosmetics, coatings and feed industries.

    Chemicals
    Commodities
    View FINEORG earnings calls
    ₹5,056
    +4.15% from avg

    Overview

    Price

    ₹5,056

    Market Cap

    ₹14.7k Cr

    Sector

    Chemicals

    Commodities

    Rank

    4

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital1515151515151515
    Reserves6047169441.5k1.9k2.3k2.5k2.6k
    Borrowings125895929431668
    Other Liabilities108127219237182213167266
    Total Liabilities8529481.2k1.8k2.1k2.5k2.7k3.0k
    AssetsFixed Assets217196229214268363373390
    CWIP626144030273662
    Investments3331313936353438
    Other Assets5976949621.5k1.8k2.1k2.2k2.5k
    Total Assets8529481.2k1.8k2.1k2.5k2.7k3.0k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating9821913467485635204430
    Cash from Investing-93-85-40-32-128-396-676-409
    Cash from Financing92-37-41-68-69-59-340
    SummaryCapital Expenditure
    Free Cash Flow514688640554977288
    FCF Margin

    Valuation

    Assumptions

    Current — FINEORG
    Price
    ₹5,056
    EPS (TTM)
    ₹136.02
    PE (TTM)
    37.2
    Profit growth
    -12.3%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (32.0×) and current (37.2×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹5,056
    vs
    Fair value · 15% return
    ₹872
    83%Overvalued

    At -12.3% growth and a 32× exit, ₹5056 only delivers your return if you pay ₹872. The price is currently baking in 21% growth.

    EPS grows -12.3%/yr for 5 years, then fades to 6% over 2, exits at 32×.

    YearGrowthEPS (₹)
    FY27-12.3%119.29
    FY28-12.3%104.62
    FY29-12.3%91.75
    FY30-12.3%80.46
    FY31-12.3%70.57
    FY32-3.2% ·fade68.34
    FY336.0% ·fade72.44

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Fine Organic Industries Limited

    Guides on how to read this kind of business and the numbers that matter.