Fineotex Chemical Ltd
Incorporated in 1979, Fineotex Chemicals Ltd is engaged in the business of manufacturing auxiliaries and specialty chemicals for textiles, construction, water treatment, fertilizer, leather, and paint industries[1]
- Market Cap ₹ 3,820 Cr.
- Current Price ₹ 345
- High / Low ₹ 459 / 251
- Stock P/E 41.2
- Book Value ₹ 28.1
- Dividend Yield 0.35 %
- ROCE 27.3 %
- ROE 21.2 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 19.5% CAGR over last 5 years
- Debtor days have improved from 121 to 90.3 days.
- Company's median sales growth is 18.2% of last 10 years
- Company's working capital requirements have reduced from 148 days to 99.1 days
Cons
- Stock is trading at 12.3 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
33 | 41 | 53 | 65 | 68 | 75 | 90 | 113 | 129 | 129 | 250 | 296 | 392 | |
28 | 35 | 50 | 54 | 50 | 56 | 66 | 87 | 101 | 98 | 197 | 235 | 288 | |
Operating Profit | 6 | 5 | 4 | 11 | 19 | 19 | 24 | 25 | 28 | 31 | 53 | 61 | 104 |
OPM % | 17% | 13% | 7% | 17% | 27% | 25% | 26% | 22% | 22% | 24% | 21% | 21% | 27% |
2 | 2 | 5 | 5 | 4 | 10 | 8 | 1 | -9 | 16 | 6 | 11 | 21 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 1 | 1 |
Depreciation | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 4 |
Profit before tax | 7 | 7 | 8 | 15 | 22 | 28 | 30 | 25 | 17 | 45 | 57 | 68 | 120 |
Tax % | 31% | 26% | 28% | 27% | 31% | 24% | 29% | 31% | 37% | 20% | 23% | 23% | |
5 | 5 | 6 | 11 | 15 | 21 | 21 | 17 | 11 | 36 | 44 | 52 | 93 | |
EPS in Rs | 0.46 | 0.48 | 0.52 | 1.00 | 1.35 | 1.90 | 1.91 | 1.56 | 0.97 | 3.25 | 3.97 | 4.70 | 8.36 |
Dividend Payout % | 11% | 10% | 10% | 10% | 15% | 5% | 10% | 6% | 5% | 9% | 10% | 17% |
Compounded Sales Growth | |
---|---|
10 Years: | 22% |
5 Years: | 27% |
3 Years: | 32% |
TTM: | 43% |
Compounded Profit Growth | |
---|---|
10 Years: | 29% |
5 Years: | 20% |
3 Years: | 42% |
TTM: | 94% |
Stock Price CAGR | |
---|---|
10 Years: | 58% |
5 Years: | 57% |
3 Years: | 60% |
1 Year: | 34% |
Return on Equity | |
---|---|
10 Years: | 18% |
5 Years: | 19% |
3 Years: | 22% |
Last Year: | 21% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 11 | 11 | 11 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 |
Reserves | 39 | 43 | 49 | 48 | 61 | 80 | 99 | 116 | 125 | 159 | 200 | 247 | 289 |
8 | 6 | 4 | 2 | 3 | 1 | 5 | 2 | 3 | 3 | 2 | 7 | 2 | |
6 | 8 | 12 | 12 | 10 | 12 | 14 | 19 | 21 | 28 | 47 | 46 | 56 | |
Total Liabilities | 64 | 69 | 76 | 85 | 97 | 115 | 139 | 159 | 171 | 213 | 271 | 323 | 369 |
5 | 6 | 7 | 11 | 12 | 20 | 22 | 28 | 33 | 52 | 67 | 81 | 82 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 0 | 0 | 0 |
Investments | 28 | 29 | 25 | 39 | 48 | 56 | 64 | 58 | 62 | 43 | 28 | 76 | 115 |
31 | 33 | 44 | 36 | 37 | 39 | 54 | 73 | 76 | 115 | 176 | 165 | 172 | |
Total Assets | 64 | 69 | 76 | 85 | 97 | 115 | 139 | 159 | 171 | 213 | 271 | 323 | 369 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
3 | 1 | -1 | 8 | 9 | 11 | 9 | 3 | 22 | -1 | 13 | 66 | |
-9 | 2 | 5 | -5 | -6 | -5 | -8 | 4 | -17 | -6 | 7 | -69 | |
6 | -3 | -4 | -3 | -2 | -6 | -2 | -1 | -2 | -3 | -4 | -5 | |
Net Cash Flow | -0 | 0 | 0 | 1 | 1 | -1 | -2 | 6 | 3 | -10 | 17 | -7 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 95 | 102 | 117 | 95 | 102 | 98 | 90 | 112 | 111 | 163 | 110 | 90 |
Inventory Days | 40 | 52 | 55 | 40 | 54 | 71 | 97 | 86 | 68 | 121 | 127 | 80 |
Days Payable | 77 | 89 | 102 | 80 | 91 | 109 | 92 | 93 | 94 | 133 | 109 | 85 |
Cash Conversion Cycle | 57 | 65 | 69 | 54 | 64 | 60 | 94 | 105 | 85 | 152 | 128 | 86 |
Working Capital Days | 61 | 52 | 86 | 60 | 86 | 84 | 124 | 145 | 128 | 198 | 145 | 99 |
ROCE % | 15% | 11% | 11% | 17% | 27% | 30% | 27% | 19% | 21% | 27% | 28% | 27% |
Documents
Announcements
- PCS Compliance Certificate Under Reg 40(9) Of SEBI LODR Reg 2015 11 Apr
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Apr - Complaince Certificate under Reg 74 (5) of SEBI (DP) Regilations, 2018 for the quarter ended 31st March 2024.
- Compliance Certificate Under Regulation 7(3) Of SEBI (LODR) Regulations, 2015 8 Apr
- Revised Submission Of Announcement Of Outcome Of Annual General Meeting Held On 15Th September, 2023 8 Apr
- Closure of Trading Window 29 Mar
Annual reports
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Financial Year 2012
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Business Segments[1]
Textile Chemical segment: Specialty chemicals producer with a focus on textiles
chemicals. Biotex Malaysia spearheads the R&D solutions, application research and product development.
Cleaning and Hygiene segment: Products such as floor cleaners, hand-washes, sanitizers, dishwashers, and toilet bowl cleaners are manufactured. The company offers customised solutions.