Fine Organic Industries Ltd

About [ edit ]

Fine Organic Industries is carries on business in India and abroad, 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 [ edit ]
  • Market Cap 7,342 Cr.
  • Current Price 2,395
  • High / Low 3,260 / 1,500
  • Stock P/E 59.8
  • Book Value 219
  • Dividend Yield 0.29 %
  • ROCE 32.9 %
  • ROE 29.4 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 28.93%
  • Company has been maintaining a healthy dividend payout of 17.10%

Cons

  • Stock is trading at 10.96 times its book value

Peer comparison

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
270 247 266 263 284 251 274 266 247 240 271 299
216 186 206 208 225 190 209 209 190 188 220 252
Operating Profit 54 62 60 55 59 61 65 57 57 52 51 47
OPM % 20% 25% 23% 21% 21% 24% 24% 22% 23% 22% 19% 16%
Other Income 7 8 3 7 1 4 6 5 5 2 4 5
Interest 0 1 1 0 0 0 1 2 2 2 2 2
Depreciation 5 4 4 4 5 3 7 12 13 11 11 12
Profit before tax 56 65 59 57 55 61 64 49 48 41 42 39
Tax % 38% 30% 43% 38% 50% 35% 8% 26% 26% 29% 25% 25%
Net Profit 34 45 33 34 27 38 57 36 34 29 31 29
EPS in Rs 11.21 14.78 10.67 10.97 8.69 12.25 18.60 11.68 11.21 9.34 10.18 9.36
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
778 856 1,060 1,038 1,058
633 697 827 798 849
Operating Profit 145 158 234 240 208
OPM % 19% 19% 22% 23% 20%
Other Income 4 16 20 20 15
Interest 4 3 2 5 6
Depreciation 24 20 17 35 47
Profit before tax 121 151 234 221 170
Tax % 36% 37% 40% 23%
Net Profit 78 95 136 165 123
EPS in Rs 161.22 31.09 44.43 53.74 40.09
Dividend Payout % 9% 23% 16% 13%
Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:10%
TTM:-2%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:28%
TTM:-22%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:8%
Return on Equity
10 Years:%
5 Years:%
3 Years:29%
Last Year:29%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
5 15 15 15 15
Reserves 323 380 485 604 655
Borrowings 40 54 128 125 73
76 81 74 108 164
Total Liabilities 445 530 702 852 908
97 88 78 217 197
CWIP 3 32 106 6 22
Investments 11 11 10 33 32
334 399 508 597 656
Total Assets 445 530 702 852 908

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020
45 65 98 218
-16 -52 -93 -84
-55 -17 92 -37
Net Cash Flow -26 -3 97 98

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 38% 44% 33%
Debtor Days 52 62 54 47
Inventory Turnover 6.51 7.83 5.97

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00
4.08 4.40 5.47 5.52 5.26 5.32 5.34 5.31 5.76 5.75 6.38
7.53 16.95 15.96 15.87 15.90 16.29 15.59 15.83 15.00 14.85 14.14
13.39 3.65 3.57 3.61 3.84 3.39 4.07 3.86 4.24 4.40 4.48

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