MarketFriction

Fine Organic Industries Ltd

NSE FINEORG · BSE 541557 · Specialty Chemicals
₹5,131.00 +0.13%
NSE close2026-10-01
52 week range3,856.00 - 5,407.00
Market cap₹15,759 Cr.
P/E36.0
IPO 2018 · +555% since Price band 20% Delivery 57.8%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales540488547550596517607588597555625694
Expenses410371403410446414487466463461496520
Operating Profit13011714413915010312012313494129174
OPM %24%24%26%25%25%20%20%21%22%17%21%25%
Other Income171722242225264721213524
Interest111100110031
Depreciation141515121313151213141814
Profit before tax132119150151159115130157142101143184
Tax %22%21%24%25%26%28%25%26%24%27%18%25%
Net Profit10394115113117839711710974117138
EPS in Rs33.7130.7337.3636.9438.3026.9731.6838.1935.4024.1138.3245.06
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales6607788561,0601,0381,1331,8763,0232,1232,2692,3662,472
Expenses5146336978278039351,5132,1941,5911,7571,8861,941
Operating Profit146145158234235198363829532512480531
OPM %22%19%19%22%23%17%19%27%25%23%20%21%
Other Income841620201733647198124101
Interest743256552244
Depreciation302420173547404857525658
Profit before tax117121151234216162352841544555543569
Tax %35%36%37%40%24%26%26%26%24%26%23%
Net Profit767895136165120260618412410417438
EPS in Rs157.74161.2231.0944.4353.7439.2484.67201.60134.34133.89136.03142.89
Dividend Payout %29%9%23%16%13%28%11%4%7%8%8%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth14%16%-8%7%
Compounded Profit Growth18%28%-13%7%
Stock Price CAGR%9%2%15%
Return on Equity25%25%19%16%
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital55151515151515151515
Reserves2493233804856047169441,5261,9062,2802,649
Borrowings10240541281258959294368
Other Liabilities63768174108127219237182206266
Total Liabilities4194455307028529481,2361,8072,1082,5042,999
Fixed Assets125978878217196229214268363388
CWIP63321066261440302764
Investments011111033313139363538
Other Assets2893343995085976949621,5131,7742,0782,508
Total Assets4194455307028529481,2361,8072,1082,5042,999
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity45659821913467485635204430
Cash from Investing Activity-16-52-93-85-40-32-128-396-675-430
Cash from Financing Activity-55-1792-37-41-68-69-59-35-0
Net Cash Flow-26-3979853-33289180-506-1
Free Cash Flow3413514688640554977288
CFO/OP65%73%79%119%89%41%86%148%68%116%
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days4952625447525942545454
Inventory Days726858507963729178100104
Days Payable5047463051494736414345
Cash Conversion Cycle717275747466849791111113
Working Capital Days80698076636579767710492
ROCE %35%38%44%32%22%39%65%31%26%21%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%
FIIs3.78%3.58%4.47%4.94%4.88%5.22%4.66%4.80%4.57%4.43%4.40%4.27%
DIIs12.17%11.84%10.76%11.12%11.56%11.52%12.04%11.94%12.02%11.80%11.65%11.72%
Public9.05%9.58%9.77%8.92%8.56%8.27%8.31%8.26%8.41%8.78%8.96%9.01%
No. of Shareholders1,35,2521,41,3701,46,6861,31,4941,22,4821,15,4331,12,5541,05,09797,99293,94288,94883,591

Fundamentals

Market Cap₹ 15,759 Cr.
Current Price₹ 5,140
Stock P/E36.0
Book Value₹ 869
ROCE21.5 %
ROE16.5 %
Dividend Yield0.21 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)7%
Compounded Profit Growth (TTM)7%
Consolidated figures.
Valuation
Market capRs 15,732 Cr
Enterprise valueRs 14,351 Cr
P/E (TTM)35.91x
Price to book5.90x
Price to sales6.37x
EV / EBITDA22.71x
EV / EBIT25.02x
EV / sales5.81x
Price to cash flow36.62x
Earnings yield2.78%
Dividend yield0.21%
P/E, 3-year average29.68x
P/B, 3-year average5.45x
P/E, 5-year average31.54x
P/B, 5-year average7.54x
Profitability
Operating margin (excl. other income)20.28%
Operating margin (incl. other income)25.51%
EBITDA margin25.57%
Pre-tax margin23.03%
Net profit margin17.73%
Net margin, latest quarter19.90%
ROE16.82%
ROCE21.75%
ROA15.16%
ROE, 3-year average20.03%
ROCE, 3-year average26.47%
ROA, 3-year average18.00%
ROE, 5-year average28.05%
ROCE, 5-year average36.71%
ROA, 5-year average23.68%
ROIC (approx.)34.32%
Tax rate23.18%
Other income / net worth4.64%
Growth
Sales growth (latest year)4.26%
Profit growth (latest year)1.60%
Sales CAGR, 3 years-7.85%
Sales CAGR, 5 years15.86%
Profit CAGR, 3 years-12.29%
Profit CAGR, 5 years28.23%
Sales growth QoQ11.01%
Profit growth QoQ17.59%
Sales growth YoY (latest quarter)17.98%
Profit growth YoY (latest quarter)17.98%
Per share
EPS (TTM)Rs 142.89
EPS (latest year)Rs 136.03
EPS (latest quarter)Rs 45.06
EPS, 3-year averageRs 134.75
EPS, 5-year averageRs 138.11
Book value per shareRs 869.05
Sales per shareRs 806.13
Cash flow per shareRs 140.12
Free cash flow per shareRs 93.93
Dividend per share (latest year)Rs 11.00
Dividend per share, 3-year averageRs 10.67
Dividend per share, 5-year averageRs 10.00
Dividends
Dividend payout8.09%
Dividend payout, 3-year average7.92%
Dividend payout, 5-year average7.77%
Efficiency
Asset turnover0.79x
Fixed asset turnover6.09x
Inventory turnover3.83x
Inventory days95 days
Debtor days54 days
Debtors turnover6.74x
Creditor days45 days
Cash conversion cycle113 days
Working capital days92 days
Leverage
Total debtRs 68 Cr
Cash and bankRs 1,449 Cr
Net debtRs -1,381 Cr
Debt to equity0.03x
Net debt / EBITDA-2.18x
Interest coverage127.47x
Current ratio (filing 2026-03-31)8.49x
Quick ratio (filing 2026-03-31)7.01x
Trade payables (filing 2026-03-31)Rs 173 Cr
Owners' fund to total sources88.85%
Debt to assets2.27%
Cash flow
Cash from Operating Activity (latest year)Rs 430 Cr
Cash from Investing Activity (latest year)Rs -430 Cr
Cash from Financing Activity (latest year)Rs -0 Cr
Net Cash Flow (latest year)Rs -1 Cr
Free cash flow (latest year)Rs 288 Cr
FCFE (approx.: FCF + change in debt)Rs 353 Cr
Cash from ops / profit, 5 years0.86x
Sales to cash flow5.51x
Statement figures
Net sales (TTM)Rs 2,472 Cr
Net sales (latest year)Rs 2,366 Cr
Sales (latest quarter)Rs 694 Cr
Operating profit excl. other income (latest year)Rs 480 Cr
Operating profit (latest quarter)Rs 174 Cr
Other income (TTM)Rs 101 Cr
EBITDA (TTM)Rs 632 Cr
PBDT (TTM)Rs 628 Cr
Profit before tax (TTM)Rs 569 Cr
Tax (latest year)Rs 126 Cr
Net profit (TTM)Rs 438 Cr
Net profit (latest year)Rs 417 Cr
Net profit (latest quarter)Rs 138 Cr
Depreciation (TTM)Rs 58 Cr
Depreciation (latest quarter)Rs 14 Cr
Interest (TTM)Rs 4 Cr
Cost of goods sold (latest year)Rs 1,543 Cr
Total expenditure (latest year)Rs 1,886 Cr
Total income (latest year)Rs 2,489 Cr
Share capitalRs 15 Cr
ReservesRs 2,649 Cr
Shareholders' fundsRs 2,665 Cr
Total assetsRs 2,999 Cr
Net blockRs 388 Cr
Capital work in progressRs 64 Cr
InvestmentsRs 38 Cr
ReceivablesRs 351 Cr
InventoryRs 402 Cr
Other liabilitiesRs 266 Cr
Shares outstanding (crore)3.07
Ownership
Promoter holding75.00% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 35.9 is at the 36th percentile of its own 8.3-year range (median 38.9, low 20.0, high 124.1).
P/B 5.90 is at the 5th percentile (median 9.54).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodFINEORGNifty 50Difference
1 week+1.4%-2.8% +4.1 pts
1 month-2.4%-6.8% +4.4 pts
3 months-1.5%-7.6% +6.2 pts
6 months+29.7%+0.4% +29.3 pts
1 year+9.8%-9.9% +19.8 pts
2 years-3.3%-13.6% +10.3 pts
3 years+7.0%+14.2% -7.2 pts
5 years+57.1%+27.9% +29.2 pts
26 mutual fund schemes hold about ₹1,677 Cr. Over three months 4 bought more and 13 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Nippon India Small Cap Fund0.50%415 -4%
Axis Small Cap Fund1.06%335 -5%
Axis Flexi Cap Fund1.15%160 -3%
Axis Flexi Cap Fund1.15%155 -3%
Axis Midcap Fund0.43%147 -9%
ICICI Pru Healthcare Fund-1.22%85 -7%
Mirae Asset Small Cap Fund1.02%58 +17%
ICICI Pru Multi Cap Fund0.29%57 +74%
ICICI Pru Multi Cap Fund0.29%55 +74%
UTI Small Cap Fund0.91%48 -3%
SBI Small Cap Fund0.11%46 -87%
WOC Flexi Cap Fund0.21%19 -9%
Groww Multicap Fund1.30%19 -11%
Groww Small Cap Fund1.97%15 -11%
Mahindra Manulife Manufacturing Fund1.57%11 +0%
ICICI Pru Commodities Fund0.23%10 -8%
ITI Flexi Cap Fund0.60%10 +100%
Baroda BNP Paribas ESG Best-in-class Strategy Fund1.23%8 +2%
WOC Multi Cap Fund0.18%8 -11%
WOC Mid Cap Fund0.09%6 -17%
Baroda BNP Paribas Innovation Fund0.67%6 -2%
Baroda BNP Paribas Conservative Hybrid Fund(M0.18%2 +1%
WOC ELSS Tax Saver Fund0.29%1 -6%
WOC Aggressive Hybrid Fund0.10%1 -42%
Motilal Oswal BSE 1000 Index Fund0.02%0 +1%

Red flags

F-score 4 of 8
lookRegulator order or action Regulator order or action 2026-04-28: Fine Organic Industries Limited has informed the Exchange about Action(s) taken or orders passed
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹694 Cr +18.0% vs Jun 2025. Net profit ₹138 Cr +17.9%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-31Dividend - Rs 11 Per Share
2025-07-25Dividend - Rs 11 Per Share
2024-08-13Annual General Meeting/Dividend - Rs 10 Per Share
2023-08-14Annual General Meeting/Dividend - Rs 9 Per Share
2022-08-11Annual General Meeting/Dividend - Rs 9 Per Share
2021-08-13 Annual General Meeting/Dividend - Rs 6 Per Share/Special Dividend - Rs 5 Per Share
2020-09-10 Annual General Meeting/Dividend - Rs 3 Per Share
2020-02-18 Interim Dividend - Rs 4 Per Share
2019-07-25 Annual General Meeting/Dividend - Rs 7 Per Share
2018-09-19 Annual General Meeting/Dividend Rs 7 Per Share
DateTypeWhat it says
2026-09-16General UpdatesGeneral Updates
2026-09-16Concall / analyst meetSchedule of meet
2026-09-15Concall / analyst meetSchedule of meet
2026-09-09General UpdatesGeneral Updates
2026-09-08Disclosure under SEBI TakeovJayen Ramesh Shah has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition ma...
2026-09-02UpdatesExecution of Share Transfer Agreement.
2026-08-27Disclosure under SEBI TakeovJayen Ramesh Shah has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantia...
2026-08-18Shareholder meetingVoting results.
2026-08-18Shareholder meetingProceedings of Annual General Meeting held on August 18, 2026
2026-08-18General UpdatesUpdates on Acquisitions
2026-08-10Investor PresentationInvestor Presentation
2026-08-10Press ReleaseA press release dated August 10, 2026, titled "Investor release on the unaudited financial results of the Company for the quarter ended June 30, 2026....
2026-08-07Board meeting outcomeFine Organic Industries Limited has submitted to the Exchange, the financial results for the period ended June 30, 2026.
2026-07-31UpdatesUpdate On Full And Final Settlement Insurance Claim.
2026-07-27Shareholder meetingNotice of Annual General Meeting to be held on August 18, 2026
2026-07-10CessationCessation of Mr Vijay Prabhu and Mr Mayukh Warawdekar as Other of the company w.e.f. July 10, 2026.
2026-06-22Disclosure under SEBI TakeovMukesh Shah has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acqui...
2026-05-26Concall / analyst meetTranscript
2026-05-26Concall / analyst meetSchedule of meet
2026-05-21Concall / analyst meetLink of Recording
2026-05-20Investor PresentationInvestor Presentation
2026-05-20Press ReleaseA press release dated May 20, 2026, titled "Press release on the Audited Standalone and Consolidated Financial Results of the Company for the quarter ...
2026-05-19General Updates24th Annual General Meeting to be scheduled on August 18, 2026
2026-05-19Change in ManagementAppointment of Mr. Shailendra Nadkarni as an Additional Director in the capacity of Non- Executive Independent Director
2026-05-19UpdatesApproved the Acquisition of 80% of paid up capital of Olefine Organics SDN. BHD. , Malaysia .
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Fine Organic Industries Ltd?

Fine Organic Industries Ltd (FINEORG) has a market capitalisation of Rs 15,759 Cr. at the 2026-10-01 close.

What is the P/E ratio of Fine Organic Industries Ltd?

Fine Organic Industries Ltd trades at a P/E of 36.0 on trailing twelve-month profit, at the 2026-10-01 close.

What were Fine Organic Industries Ltd's latest quarterly results?

In the Jun 2026 quarter, Fine Organic Industries Ltd sales was Rs 694 Cr (+18.0% vs Jun 2025) and net profit was Rs 138 Cr.

What is the 52-week high and low of Fine Organic Industries Ltd?

The 52-week high is Rs 5,407.00 and the 52-week low is Rs 3,856.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03