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 ₹ 1,821 Cr.
- Current Price ₹ 1,398
- High / Low ₹ 1,529 / 999
- Stock P/E 44.9
- Book Value ₹ 204
- Dividend Yield 0.54 %
- ROCE 21.5 %
- ROE 17.7 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.9%
- Company has been maintaining a healthy dividend payout of 19.4%
Cons
- Promoter holding has decreased over last 3 years: -15.2%
* 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 | TTM | |
---|---|---|---|---|---|
306 | 397 | 643 | 648 | 613 | |
258 | 328 | 538 | 576 | 545 | |
Operating Profit | 49 | 69 | 105 | 72 | 67 |
OPM % | 16% | 17% | 16% | 11% | 11% |
6 | 0 | 0 | 1 | 1 | |
Interest | 7 | 7 | 7 | 6 | 5 |
Depreciation | 6 | 7 | 7 | 8 | 9 |
Profit before tax | 42 | 56 | 91 | 59 | 55 |
Tax % | 18% | 24% | 26% | 26% | |
35 | 42 | 68 | 44 | 41 | |
EPS in Rs | 32.62 | 52.15 | 33.41 | 31.18 | |
Dividend Payout % | 0% | 11% | 25% | 22% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 28% |
TTM: | -9% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 8% |
TTM: | -5% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 22% |
1 Year: | 7% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 26% |
Last Year: | 18% |
Balance Sheet
Figures in Rs. Crores
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|
Equity Capital | 0 | 13 | 13 | 13 | 13 |
Reserves | 127 | 156 | 219 | 246 | 253 |
67 | 57 | 62 | 50 | 34 | |
25 | 33 | 30 | 33 | 31 | |
Total Liabilities | 219 | 259 | 324 | 342 | 331 |
126 | 126 | 141 | 156 | 153 | |
CWIP | 9 | 29 | 42 | 35 | 39 |
Investments | 0 | 0 | 0 | 0 | 0 |
83 | 103 | 141 | 151 | 139 | |
Total Assets | 219 | 259 | 324 | 342 | 331 |
Cash Flows
Figures in Rs. Crores
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|
31 | 40 | 40 | 50 | |
-24 | -23 | -34 | -14 | |
-7 | -17 | -6 | -35 | |
Net Cash Flow | 0 | 0 | -0 | 0 |
Ratios
Figures in Rs. Crores
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|
Debtor Days | 45 | 43 | 35 | 35 |
Inventory Days | 65 | 64 | 57 | 61 |
Days Payable | 12 | 15 | 7 | 8 |
Cash Conversion Cycle | 98 | 91 | 85 | 89 |
Working Capital Days | 67 | 72 | 69 | 74 |
ROCE % | 30% | 38% | 22% |
Documents
Announcements
- Certificate Issued By Practicing Company Secretary Under Regulation 40(9) Of The SEBI (LODR) Regulations, 2015 18 Apr
- Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 17 Apr
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 17 Apr
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Certificate Under Regulation 7(3) Of SEBI (LODR) Regulations, 2015
11 Apr - All activities in relation to share transfer facilities as stated under Regulation 7(2) of SEBI (LODR) Regulations are maintained by our RTA i.e. Link Intime …
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Apr - Confirmation certificate received from Link Intime India Private Limited, the Registrar and Transfer Agent of the Company, for the Quarter Ended March 31, 2024
Annual reports
Concalls
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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.