Fairchem Organics Ltd
Fairchem Organics Limited was established in 2019, wherein Fairchem Speciality Limited (FSL) transferred the businesses of Oleo chemicals and nutraceuticals as per the scheme of demerger. Fairchem Organics is engaged in manufacturing of specialty chemicals like dimer acid, linoleic acid, mixed tocopherol concentrate and sterols concentrate, which find application in various industries like nutraceuticals, paints, printing ink, detergents, adhesives, etc.[1]
- Market Cap ₹ 1,492 Cr.
- Current Price ₹ 1,146
- High / Low ₹ 1,553 / 1,020
- Stock P/E 30.9
- Book Value ₹ 223
- Dividend Yield 0.65 %
- ROCE 19.4 %
- ROE 14.7 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 23.8%
Cons
- Promoter holding has decreased over last 3 years: -15.4%
* 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
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|
306 | 397 | 643 | 648 | 621 | 626 | |
258 | 328 | 538 | 576 | 554 | 549 | |
Operating Profit | 49 | 69 | 105 | 72 | 67 | 77 |
OPM % | 16% | 17% | 16% | 11% | 11% | 12% |
6 | 0 | 0 | 1 | 1 | 1 | |
Interest | 7 | 7 | 7 | 6 | 4 | 4 |
Depreciation | 6 | 7 | 7 | 8 | 9 | 10 |
Profit before tax | 42 | 56 | 91 | 59 | 55 | 65 |
Tax % | 18% | 24% | 26% | 26% | 26% | |
35 | 42 | 68 | 44 | 40 | 48 | |
EPS in Rs | 32.62 | 52.15 | 33.41 | 31.10 | 37.04 | |
Dividend Payout % | 0% | 11% | 25% | 22% | 24% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 16% |
TTM: | 7% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -2% |
TTM: | 114% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -17% |
1 Year: | 3% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 21% |
Last Year: | 15% |
Balance Sheet
Figures in Rs. Crores
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|
Equity Capital | 0 | 13 | 13 | 13 | 13 |
Reserves | 127 | 156 | 219 | 246 | 277 |
67 | 57 | 62 | 50 | 7 | |
25 | 33 | 30 | 33 | 37 | |
Total Liabilities | 219 | 259 | 324 | 342 | 334 |
126 | 126 | 141 | 156 | 191 | |
CWIP | 9 | 29 | 42 | 35 | 6 |
Investments | 0 | 0 | 0 | 0 | 0 |
83 | 103 | 141 | 151 | 137 | |
Total Assets | 219 | 259 | 324 | 342 | 334 |
Cash Flows
Figures in Rs. Crores
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|
31 | 40 | 40 | 50 | 74 | |
-24 | -23 | -34 | -14 | -18 | |
-7 | -17 | -6 | -35 | -57 | |
Net Cash Flow | 0 | 0 | -0 | 0 | 0 |
Ratios
Figures in Rs. Crores
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|
Debtor Days | 45 | 43 | 35 | 35 | 33 |
Inventory Days | 65 | 64 | 57 | 61 | 57 |
Days Payable | 12 | 15 | 7 | 8 | 11 |
Cash Conversion Cycle | 98 | 91 | 85 | 89 | 80 |
Working Capital Days | 67 | 72 | 69 | 74 | 67 |
ROCE % | 30% | 38% | 22% | 19% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Oct - Submission of confirmation certificate for dematerialization.
-
Closure of Trading Window
23 Sep - Trading window closure from October 1, 2024.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
13 Aug - Transcript of Earnings Con-call held on Friday, August 9, 2024 for Unaudited Financial Results of 1st Quarter Ended on June 30, 2024
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Submission Of Audio Recording Of Earnings Call On Financial Results For QE June 30, 2024
10 Aug - Submission of audio recording of earnings call for Q2 2024.
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Announcement under Regulation 30 (LODR)-Investor Presentation
6 Aug - Earnings Presentation for Quarter Ended June 30, 2024 is attached herewith
Annual reports
Concalls
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Aug 2024Transcript PPT
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Jun 2024TranscriptNotesPPT
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May 2024Transcript PPT REC
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Feb 2024Transcript PPT REC
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Dec 2023TranscriptNotesPPT
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Nov 2023TranscriptPPTREC
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT REC
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Jun 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022TranscriptNotesPPT
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Aug 2022Transcript PPT
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Aug 2022TranscriptNotesPPT
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Jul 2022TranscriptNotesPPT
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Jun 2022TranscriptNotesPPT
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May 2022TranscriptNotesPPT
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Feb 2022TranscriptNotesPPT
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Oct 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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Jun 2021TranscriptNotesPPT
About[1]
FOL had been operating in specialty chemicals segment for 2+ decades. In FY23, company has processing capacity of 1,20,000 MTPA. The company manufactures dimer acid and linoleic acid, which find application in industries like paints, printing ink, polyamides and adhesives. Their product portfolio includes mixed tocopherol concentrate and concentrated sterols in nutraceuticals segment. They have developed new product Isostearic acid which find application in personal care, cosmetics and bio-degradable lubricants. These products are in trial phase with commercial production expected from Q2FY24, with export being main target market.