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 ₹ 3,998 Cr.
- Current Price ₹ 361
- High / Low ₹ 459 / 203
- Stock P/E 34.6
- Book Value ₹ 36.0
- Dividend Yield 0.33 %
- 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 10.0 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
Consolidated Figures in Rs. Crores / View Standalone
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: | 62% |
5 Years: | 56% |
3 Years: | 83% |
1 Year: | 65% |
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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2d - Company has scehduled a plant visit with an investor group on 21st March 2024
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 11 Mar
- Shareholder Meeting / Postal Ballot-Outcome of EGM 9 Mar
- Announcement under Regulation 30 (LODR)-Investor Presentation 6 Mar
- Corrigendum To Extra-Ordinary General Meeting Of The Shareholders Of The Company To Be Held On March 09, 2024 28 Feb
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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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.