Fine Organic Industries Ltd

Fine Organic Industries Ltd

₹ 4,312 -0.45%
01 Mar - 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

Largest in India and among top 6 global players
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 among leading global players in specialty food emulsifiers.[1]

  • Market Cap 13,222 Cr.
  • Current Price 4,312
  • High / Low 5,165 / 4,031
  • Stock P/E 29.6
  • Book Value 559
  • Dividend Yield 0.21 %
  • ROCE 65.3 %
  • ROE 49.4 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 45.4% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 36.0%

Cons

  • Stock is trading at 7.72 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

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
299 323 358 438 463 617 748 919 760 597 547 540 488
252 274 306 366 384 457 533 665 600 395 407 410 371
Operating Profit 47 48 51 73 80 159 214 254 159 202 140 130 117
OPM % 16% 15% 14% 17% 17% 26% 29% 28% 21% 34% 26% 24% 24%
5 7 6 6 7 14 17 19 15 13 14 17 17
Interest 2 1 1 1 1 1 1 1 1 1 1 1 1
Depreciation 12 12 10 10 10 11 11 12 12 13 12 14 15
Profit before tax 39 41 47 68 75 162 219 260 161 201 143 132 119
Tax % 25% 23% 23% 27% 31% 25% 27% 22% 34% 26% 30% 22% 21%
29 32 36 50 52 122 160 203 106 149 100 103 94
EPS in Rs 9.36 10.37 11.71 16.27 16.95 39.74 52.12 66.09 34.65 48.74 32.54 33.71 30.73
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
660 778 856 1,060 1,038 1,133 1,876 3,023 2,173
514 633 697 827 803 935 1,513 2,194 1,583
Operating Profit 146 145 158 234 235 198 363 829 590
OPM % 22% 19% 19% 22% 23% 17% 19% 27% 27%
8 4 16 20 20 17 33 64 62
Interest 7 4 3 2 5 6 5 5 3
Depreciation 30 24 20 17 35 47 40 48 54
Profit before tax 117 121 151 234 216 162 352 841 595
Tax % 35% 36% 37% 40% 24% 26% 26% 26%
76 78 95 136 165 120 260 618 447
EPS in Rs 157.74 161.22 31.09 44.43 53.74 39.24 84.67 201.60 145.72
Dividend Payout % 29% 9% 23% 16% 13% 28% 11% 4%
Compounded Sales Growth
10 Years: %
5 Years: 29%
3 Years: 43%
TTM: -29%
Compounded Profit Growth
10 Years: %
5 Years: 45%
3 Years: 55%
TTM: -24%
Stock Price CAGR
10 Years: %
5 Years: 31%
3 Years: 22%
1 Year: -4%
Return on Equity
10 Years: %
5 Years: 34%
3 Years: 36%
Last Year: 49%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 5 5 15 15 15 15 15 15 15
Reserves 249 323 380 485 604 716 944 1,526 1,698
102 40 54 128 125 89 59 29 14
63 76 81 74 108 127 219 237 136
Total Liabilities 419 445 530 702 852 948 1,236 1,807 1,863
125 97 88 78 217 196 229 214 249
CWIP 6 3 32 106 6 26 14 40 19
Investments 0 11 11 10 33 31 31 39 37
289 334 399 508 597 694 962 1,513 1,557
Total Assets 419 445 530 702 852 948 1,236 1,807 1,863

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
45 65 98 219 134 67 485
-16 -52 -93 -85 -40 -32 -128
-55 -17 92 -37 -41 -68 -69
Net Cash Flow -26 -3 97 98 53 -33 289

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 49 52 62 54 47 52 59 42
Inventory Days 72 68 58 50 79 63 72 91
Days Payable 50 47 46 30 51 49 47 36
Cash Conversion Cycle 71 72 75 74 74 66 84 97
Working Capital Days 80 88 102 83 63 75 85 80
ROCE % 35% 38% 44% 32% 22% 39% 65%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
5.93% 6.80% 6.79% 7.26% 7.25% 7.20% 6.74% 5.91% 4.84% 3.78% 3.78% 3.58%
14.19% 11.41% 11.32% 11.21% 11.64% 10.94% 10.92% 11.51% 12.09% 12.24% 12.17% 11.84%
4.88% 6.79% 6.89% 6.53% 6.11% 6.86% 7.33% 7.58% 8.07% 8.99% 9.05% 9.58%
No. of Shareholders 42,04453,65055,59456,18561,41381,33396,3671,10,6771,16,9101,34,2611,35,2521,41,370

* 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.

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Documents

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