Fine Organic Industries Ltd
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.
Diversified customer base
Fine's client/customer base includes companies like Coca-Cola, Britannia, Asian Paints, Parle, Pidilite, Berger Paints etc. No individual customer accounts for more than 5% of revenue. Fine Organic’s product portfolio comprises of over 400 products including food additives, polymer additives, emollients for cosmetics, additives for rubber & elastomers, etc.
Shift from synthetic chemicals to oleo-chemicals
Demand for oleo-chemicals are increasing as they are green additives and environment friendly .
- Market Cap₹ 7,762 Cr.
- Current Price₹ 2,532
- High / Low₹ 3,260 / 1,825
- Stock P/E63.2
- Book Value₹ 219
- Dividend Yield0.28 %
- ROCE32.9 %
- ROE29.4 %
- Face Value₹ 5.00
- Industry PE21.3
- Pledged percentage0.00 %
- Profit growth-21.8 %
- Sales growth-1.62 %
- PEG Ratio
- Sales growth 5Years%
- CMP / FCF132
- Debt to equity0.11
- Reserves₹ 655 Cr.
- Profit Var 5Yrs%
- Free Cash Flow 3Yrs₹ 176 Cr.
- Price to book value11.6
- Price to Sales7.34
- Return on assets23.8 %
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 11.59 times its book value
Fine Organic Industries Limited
Our secretarial audit report is to be read along with this letter:
Diversified Product Portfolio
Foods
Plastics
Other Specialties
Our product range for CosPha applications serve as
Vision
Mission
4.88 |
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