Fineotex Chemical Ltd

Fineotex Chemical Ltd

₹ 443 -1.61%
23 Feb 4:01 p.m.
About

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]

Key Points

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.

  • Market Cap 4,902 Cr.
  • Current Price 443
  • High / Low 459 / 203
  • Stock P/E 42.4
  • Book Value 36.0
  • Dividend Yield 0.27 %
  • ROCE 36.5 %
  • ROE 28.9 %
  • Face Value 2.00

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 31.1% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.5%
  • Debtor days have improved from 107 to 71.6 days.
  • Company's working capital requirements have reduced from 115 days to 76.1 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.

Peer comparison

Sector: Chemicals Industry: Chemicals

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
58 75 63 78 105 121 136 134 109 138 132 145 138
45 62 53 64 80 100 110 109 81 105 101 107 98
Operating Profit 14 13 10 15 25 22 26 25 29 33 32 38 40
OPM % 23% 17% 16% 19% 24% 18% 19% 19% 26% 24% 24% 26% 29%
5 3 3 1 1 0 1 2 2 2 4 4 5
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 1 1 1 1 1 1 1 1 1 1
Profit before tax 19 15 12 15 25 21 26 26 29 33 34 40 44
Tax % 28% 21% 19% 28% 25% 18% 22% 21% 23% 22% 22% 22% 24%
13 12 10 11 19 17 20 21 22 26 26 31 33
EPS in Rs 1.18 1.01 0.86 0.97 1.67 1.49 1.79 1.86 2.00 2.33 2.32 2.83 2.95
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
80 96 87 102 110 127 141 182 196 219 368 517 554
73 86 77 85 82 98 111 148 162 178 297 404 411
Operating Profit 7 10 9 16 28 29 30 34 35 41 71 113 143
OPM % 9% 11% 11% 16% 26% 23% 21% 19% 18% 19% 19% 22% 26%
2 2 3 5 2 10 5 1 -11 17 6 7 14
Interest 0 1 0 0 0 0 1 1 1 1 1 1 1
Depreciation 0 0 0 0 1 1 1 1 1 1 3 4 5
Profit before tax 9 11 11 20 29 38 34 34 22 56 73 115 151
Tax % 28% 27% 30% 28% 31% 24% 29% 28% 35% 20% 22% 22%
6 8 8 15 20 29 24 24 14 45 57 90 117
EPS in Rs 0.53 0.63 0.58 1.15 1.56 2.32 2.04 2.02 1.18 3.85 4.98 7.97 10.43
Dividend Payout % 9% 8% 9% 9% 13% 4% 10% 5% 4% 8% 8% 10%
Compounded Sales Growth
10 Years: 18%
5 Years: 30%
3 Years: 38%
TTM: 11%
Compounded Profit Growth
10 Years: 30%
5 Years: 31%
3 Years: 64%
TTM: 46%
Stock Price CAGR
10 Years: 64%
5 Years: 65%
3 Years: 85%
1 Year: 87%
Return on Equity
10 Years: 21%
5 Years: 22%
3 Years: 25%
Last Year: 29%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 41 47 54 54 69 90 113 137 147 187 240 327 377
8 6 4 2 3 1 5 2 3 3 2 7 2
19 17 19 23 20 26 21 34 35 54 75 67 128
Total Liabilities 78 82 88 101 114 140 161 195 208 267 339 423 529
10 12 14 18 19 27 29 36 41 59 84 99 101
CWIP 0 0 0 0 0 0 0 0 1 5 0 0 0
Investments 20 21 16 29 39 47 55 48 52 32 17 89 142
49 49 58 54 56 66 77 110 114 171 238 234 286
Total Assets 78 82 88 101 114 140 161 195 208 267 339 423 529

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
7 1 14 14 19 6 12 28 9 13 107
-9 12 -14 -13 -14 -6 5 -19 -7 1 -99
3 -4 -3 -1 -6 -4 -3 -4 -4 -6 -6
Net Cash Flow 1 9 -3 -1 -1 -3 14 6 -2 8 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 76 64 92 80 84 84 72 98 100 138 110 72
Inventory Days 61 59 68 56 66 70 97 84 66 79 98 53
Days Payable 94 68 81 75 75 82 50 70 73 101 96 53
Cash Conversion Cycle 43 55 79 60 75 72 119 112 93 116 111 72
Working Capital Days 53 48 80 61 83 76 125 122 112 142 126 76
ROCE % 17% 15% 21% 31% 35% 26% 22% 20% 28% 30% 36%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
64.74% 64.82% 64.82% 64.82% 64.82% 64.94% 64.97% 65.00% 65.04% 65.04% 65.04% 65.04%
0.00% 0.00% 1.48% 0.60% 0.25% 0.04% 1.02% 0.72% 0.71% 0.75% 0.72% 0.82%
6.15% 6.15% 6.14% 6.15% 6.15% 5.35% 4.01% 3.65% 3.65% 3.65% 3.86% 3.69%
29.11% 29.03% 27.55% 28.43% 28.78% 29.67% 29.99% 30.64% 30.62% 30.56% 30.39% 30.46%
No. of Shareholders 38,12747,82764,07763,04764,85172,1461,05,7101,10,8551,10,3121,13,4691,16,8011,16,067

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls