Fine Organic Industries Ltd.
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ABOUT
AI Sector View
AI GENERATEDChemicals
The available domestic chemical proxies are mixed to weak. Fertilizers output was -8.0% YoY (2026-07) and sale quantity of fertilisers was 0.0% YoY (2026-05), although that high-frequency barometer is stale. FPI positioning is less negative than before, with net 3-month outflow only INR -11 crore versus INR -1229 crore in the prior 3 months to 2026-08-31, but the weak sector driver argues for a neutral stance.
PROS
- Company has delivered good profit growth of 28.2% CAGR over last 5 years
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 26.6%
- Company has a good return on equity (ROE) track record: 3 Years ROE 20.0%
- Company has consistently been profitable over the last 5 years
- Company has delivered good sales growth of 15.9% CAGR over last 5 years
CONS
- Operating margins have contracted to 20.3% from 29.6%
- Recurring exceptional / one-off items are inflating headline profit
- Growth is decelerating - 3Y profit CAGR (-12.3%) trails the 5Y trend (28.2%)
- Though reporting repeated profits, the company pays out little dividend (8.1%)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SOLARINDS | 21904.00 | 99.53 | 198209.42 | 0.05 | 666.37 | 88.98 | 3668.20 | 70.26 | 38.16 | 27.91 |
| PIDILITIND | 1585.00 | 60.91 | 161333.93 | 1.36 | 8835.10 | 1202.86 | 45515.50 | 1112.74 | 32.38 | 26.28 |
| SRF | 2537.10 | 34.79 | 75205.94 | 0.35 | 758.87 | 75.53 | 5033.26 | 34.63 | 14.21 | 24.57 |
| FLUOROCHEM | 4528.30 | 80.88 | 49743.38 | 0.07 | 219.00 | 19.02 | 1588.00 | 23.97 | 9.58 | 26.83 |
| NAVINFLUOR | 8607.15 | 55.92 | 44161.66 | 0.18 | 243.31 | 107.67 | 1045.08 | 44.07 | 21.39 | 34.17 |
| GODREJIND | 1159.50 | 33.22 | 39057.88 | 0.00 | 523.36 | -27.85 | 5448.09 | 22.16 | 10.64 | 12.82 |
| DEEPAKNTR | 1640.85 | 28.57 | 22380.05 | 0.46 | 345.01 | 207.36 | 2577.60 | 36.39 | 11.58 | 20.96 |
| AETHER | 1618.80 | 91.36 | 21485.98 | 0.00 | 62.75 | 33.45 | 326.56 | 27.49 | 11.65 | 31.47 |
| ATUL | 6309.15 | 23.35 | 18575.24 | 0.48 | 253.93 | 91.85 | 1847.95 | 25.03 | 15.05 | 21.41 |
| AARTIIND | 491.05 | 33.54 | 17811.69 | 0.20 | 155.00 | 260.47 | 2387.00 | 42.42 | 6.95 | 16.00 |
| DEEPAKFERT | 1343.70 | 17.29 | 17019.69 | 0.74 | 490.04 | 100.95 | 3256.26 | 22.47 | 12.12 | 25.96 |
| FINEORG | 5123.15 | 35.85 | 15707.57 | 0.21 | 138.14 | 17.96 | 694.17 | 17.98 | 21.86 | 25.07 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 547 | 540 | 488 | 547 | 550 | 596 | 517 | 607 | 588 | 597 | 555 | 625 | 694 | |
| 406 | 409 | 370 | 403 | 410 | 445 | 414 | 487 | 465 | 462 | 460 | 495 | 533 | |
| Operating Profit | 141 | 131 | 118 | 144 | 140 | 151 | 103 | 120 | 124 | 135 | 94 | 130 | 161 |
| OPM % | 25.81% | 24.25% | 24.21% | 26.26% | 25.44% | 25.30% | 19.88% | 19.70% | 21.00% | 22.63% | 17.01% | 20.76% | 23.23% |
| 14 | 17 | 17 | 22 | 24 | 22 | 25 | 26 | 47 | 21 | 21 | 35 | 24 | |
| Interest | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 1 | 1 | 0 | 0 | 3 | 1 |
| Depreciation | 12 | 14 | 15 | 15 | 12 | 13 | 13 | 15 | 12 | 13 | 14 | 18 | 14 |
| Profit before Tax | 143 | 133 | 120 | 150 | 152 | 160 | 115 | 130 | 158 | 143 | 101 | 144 | 184 |
| Tax % | 29.87% | 21.72% | 20.96% | 23.53% | 25.12% | 26.16% | 27.85% | 25.28% | 25.46% | 23.39% | 26.51% | 17.61% | 24.74% |
| Net Profit | 0 | 0 | 0 | 0 | 113 | 117 | 83 | 97 | 117 | 109 | 74 | 117 | 138 |
| 32.54 | 33.71 | 30.73 | 37.36 | 36.94 | 38.30 | 26.97 | 31.68 | 38.19 | 35.40 | 24.11 | 38.32 | 45.06 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 779 | 856 | 1,060 | 1,038 | 1,133 | 1,876 | 3,023 | 2,123 | 2,269 | 2,366 | 2,472 | |
| 634 | 697 | 827 | 798 | 934 | 1,512 | 2,192 | 1,588 | 1,756 | 1,884 | 1,951 | |
| Operating Profit | 145 | 158 | 234 | 240 | 199 | 365 | 831 | 534 | 513 | 482 | 521 |
| OPM % | 18.60% | 18.51% | 22.03% | 23.17% | 17.58% | 19.43% | 27.49% | 25.18% | 22.60% | 20.38% | 21.06% |
| 4 | 16 | 24 | 23 | 17 | 33 | 64 | 71 | 98 | 124 | 101 | |
| Interest | 4 | 3 | 6 | 8 | 6 | 5 | 5 | 2 | 2 | 4 | 4 |
| Depreciation | 24 | 20 | 17 | 35 | 47 | 40 | 48 | 57 | 52 | 56 | 58 |
| Profit before Tax | 121 | 151 | 234 | 216 | 162 | 352 | 841 | 544 | 555 | 543 | 572 |
| Tax % | 35.53% | 36.95% | 40.37% | 23.75% | 25.78% | 26.12% | 26.50% | 24.30% | 26.06% | 23.18% | 22.92% |
| Net Profit | 78 | 95 | 140 | 165 | 120 | 260 | 618 | 412 | 410 | 417 | 441 |
| EPS | 25.40 | 31.09 | 44.44 | 53.75 | 39.25 | 84.71 | 201.60 | 134.34 | 133.89 | 136.03 | — |
| Dividend Payout % | 27.91% | 22.51% | 15.75% | 13.02% | 28.03% | 10.63% | 4.46% | 7.44% | 8.22% | 8.09% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 14%
- 5 Years:
- 16%
- 3 Years:
- -8%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 19%
- 5 Years:
- 28%
- 3 Years:
- -12%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- 10%
- 3 Years:
- 1%
- 1 Year:
- 7%
RETURN ON EQUITY
- 10 Years:
- 27%
- 5 Years:
- 28%
- 3 Years:
- 20%
- Last Year:
- 17%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
| 323 | 380 | 485 | 604 | 716 | 944 | 1,526 | 1,906 | 2,280 | 2,649 | |
| 40 | 54 | 132 | 132 | 94 | 59 | 28 | 2 | 1 | 61 | |
| Trade Payables | 64 | 70 | 53 | 86 | 98 | 154 | 176 | 135 | 155 | 173 |
| 8 | 6 | 16 | 8 | 17 | 56 | 51 | 36 | 37 | 66 | |
| Total Liabilities | 441 | 525 | 702 | 845 | 940 | 1,228 | 1,796 | 2,094 | 2,488 | 2,964 |
| 97 | 88 | 78 | 217 | 196 | 229 | 214 | 268 | 363 | 388 | |
| Capital Work in Progress | 3 | 32 | 106 | 6 | 26 | 14 | 40 | 30 | 26 | 62 |
| 11 | 11 | 10 | 33 | 31 | 31 | 39 | 36 | 35 | 38 | |
| 92 | 89 | 89 | 132 | 126 | 236 | 445 | 261 | 363 | 402 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 311 | 333 | 351 | |
| Cash & Bank | 18 | 12 | 109 | 210 | 264 | 233 | 523 | 1,049 | 950 | 1,449 |
| 220 | 293 | 309 | 248 | 296 | 486 | 535 | 140 | 417 | 272 | |
| Total Assets | 441 | 525 | 702 | 845 | 940 | 1,228 | 1,796 | 2,094 | 2,488 | 2,964 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 95 | 116 | 185 | 281 | 176 | 149 | 713 | 635 | 204 | 430 | |
| Cash from Investing | -16 | -52 | -93 | -85 | -40 | -56 | -85 | -391 | -668 | -409 |
| Cash from Financing | -55 | -17 | 92 | -37 | -41 | -68 | -69 | -59 | -35 | -0 |
| -26 | -3 | 97 | 98 | 53 | -58 | 332 | 185 | -499 | 20 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-08 - Jayen Ramesh Shah has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
2026-09-02 - Fine Organic Industries Limited has informed the Exchange regarding 'Execution of Share Transfer Agreement'.
2026-08-27 - Jayen Ramesh Shah has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
2026-08-18 - Fine Organic Industries Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 18, 2026. Further, the company has informed the Exchange regarding voting results.
2026-08-18 - Fine Organic Industries Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 18, 2026
2026-08-18 - Fine Organic Industries Limited has informed the Exchange about updates on Acquisitions
2026-08-10 - Fine Organic Industries Limited has informed the Exchange about Copy of Newspaper Publication on financial results for the quarter ended June 30, 2026
2026-08-10 - Fine Organic Industries Limited has informed the Exchange about Investor Presentation
2026-08-10 - Fine Organic Industries Limited has informed the Exchange regarding a press release dated August 10, 2026, titled "Investor release on the unaudited financial results of the Company for the quarter ended June 30, 2026.".
News
Recent coverage and analyst commentary for FINEORG
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Fine Organic Industries Ltd.
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