Fine Organic Industries Ltd

Fine Organic Industries Ltd

₹ 5,142 -0.24%
04 Oct - close price
About

Fine Organic Industries is engaged in and outside India as manufacturers, processors, suppliers, distributors, dealers, importers, exporters of wide range of oleochemical-based additives used in foods, plastics, cosmetics, coatings and other specialty application in various industries.

Key Points

Dominant Position
Fine Organic is the largest manufacturer of oleochemical-based niche additives in India. It is among the six largest global players in polymer additives and leading global players in specialty food emulsifiers.[1]

  • Market Cap 15,764 Cr.
  • Current Price 5,142
  • High / Low 5,959 / 4,005
  • Stock P/E 44.7
  • Book Value 607
  • Dividend Yield 0.19 %
  • ROCE 29.0 %
  • ROE 21.7 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 23.3% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 32.0%

Cons

  • Stock is trading at 8.47 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
360 430 468 601 753 828 750 699 532 472 426 522 508
310 357 389 455 547 614 575 511 380 367 333 389 387
Operating Profit 50 73 80 146 206 214 175 187 152 104 92 132 122
OPM % 14% 17% 17% 24% 27% 26% 23% 27% 29% 22% 22% 25% 24%
6 6 7 14 17 19 15 13 14 17 17 22 24
Interest 1 1 1 1 1 1 1 1 1 1 0 0 0
Depreciation 10 10 10 11 11 12 12 13 12 14 15 15 12
Profit before tax 45 68 75 149 210 220 176 186 154 106 95 139 134
Tax % 22% 27% 26% 26% 25% 26% 26% 26% 26% 25% 26% 25% 26%
35 50 56 110 157 164 131 138 114 79 70 104 99
EPS in Rs 11.40 16.30 18.17 35.89 51.30 53.49 42.81 45.04 37.25 25.89 22.72 34.02 32.29
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
170 568 616 658 777 856 1,044 1,026 1,121 1,858 3,029 1,951 1,927
144 458 500 512 630 692 822 790 929 1,510 2,248 1,470 1,477
Operating Profit 26 109 116 147 147 164 222 236 192 349 781 481 451
OPM % 15% 19% 19% 22% 19% 19% 21% 23% 17% 19% 26% 25% 23%
0 7 2 8 4 16 20 21 17 33 64 71 81
Interest 0 10 7 7 4 3 2 5 6 5 4 2 2
Depreciation 0 11 23 30 24 20 17 35 47 40 48 56 56
Profit before tax 26 95 88 118 123 157 223 217 156 337 793 493 473
Tax % 21% 34% 33% 35% 35% 36% 42% 23% 26% 26% 26% 26%
21 63 59 77 80 101 129 166 115 251 591 368 352
EPS in Rs 103.10 129.63 122.34 159.34 165.57 33.05 42.08 54.31 37.49 81.76 192.63 119.88 114.92
Dividend Payout % 19% 0% 25% 28% 9% 21% 17% 13% 29% 11% 5% 8%
Compounded Sales Growth
10 Years: 13%
5 Years: 13%
3 Years: 20%
TTM: -31%
Compounded Profit Growth
10 Years: 19%
5 Years: 23%
3 Years: 47%
TTM: -36%
Stock Price CAGR
10 Years: %
5 Years: 25%
3 Years: 14%
1 Year: 4%
Return on Equity
10 Years: 29%
5 Years: 30%
3 Years: 32%
Last Year: 22%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 2 5 5 5 5 15 15 15 15 15 15 15
Reserves 9 155 192 253 330 393 493 615 724 943 1,507 1,846
98 112 103 102 40 54 128 125 89 59 29 4
35 69 78 62 79 80 73 107 128 211 222 179
Total Liabilities 144 341 378 423 454 542 709 862 956 1,228 1,772 2,044
63 70 124 125 97 88 78 217 196 229 214 233
CWIP 0 24 8 6 3 32 106 6 26 14 40 30
Investments 0 0 0 5 14 14 17 44 44 43 53 116
81 247 246 287 340 408 508 596 690 941 1,465 1,666
Total Assets 144 341 378 423 454 542 709 862 956 1,228 1,772 2,044

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
30 49 64 97 218 135 74 434 606
-14 -16 -52 -93 -84 -40 -56 -85 -429
2 -59 -17 93 -35 -39 -65 -69 -58
Net Cash Flow 18 -26 -5 97 99 56 -48 280 118

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 46 50 55 53 57 69 58 52 57 65 57 65
Inventory Days 82 56 59 69 65 55 44 72 55 62 58 64
Days Payable 86 61 51 50 50 45 29 51 50 46 33 43
Cash Conversion Cycle 42 45 64 72 72 78 73 73 62 80 83 86
Working Capital Days 54 74 73 79 89 106 85 65 75 87 79 79
ROCE % 33% 38% 35% 38% 41% 32% 20% 37% 62% 29%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
6.79% 7.26% 7.25% 7.20% 6.74% 5.91% 4.84% 3.78% 3.78% 3.58% 4.47% 4.94%
11.32% 11.21% 11.64% 10.94% 10.92% 11.51% 12.09% 12.24% 12.17% 11.84% 10.76% 11.12%
6.89% 6.53% 6.11% 6.86% 7.33% 7.58% 8.07% 8.99% 9.05% 9.58% 9.77% 8.92%
No. of Shareholders 55,59456,18561,41381,33396,3671,10,6771,16,9101,34,2611,35,2521,41,3701,46,6861,31,494

* 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