Fine Organic Industries
- Market cap
- ₹ 15,441 Cr.
- P/E
- 35.7x
- P/B
- 5.87x
- 52-week range
- 3,856 – 5,666
- ROE
- 16%
- ROCE
- 21%
- Dividend yield
- 0.2%
- Debt / equity
- 0.03
- Sector
- Chemicals & Petrochemicals
- Industry
- Specialty Chemicals
- Listed on
- NSE, BSE
About
Fine Organic Industries Limited is an India-based company engaged in manufacturing, processing, supplying, distributing, dealing, importing, and exporting a range of oleochemical-based additives used in foods, plastics, cosmetics, coatings and other specialty applications in various industries. It has expanded its additive range to antifungal agents, bread improvers, beverage clouding agents, and other additives/blends. It develops a range of additives for various types of polymers, rubbers, elastomers and others. Its Specialty Additives for Cosmetics are used in products made for skin care and hair care and also help in the manufacturing of products with diverse compositions, such as creams, gels, pastes, lotions, ointments and others. Its Feed Nutrition Additives help in improving antibiotic properties, reducing mortality rates, enhancing fat digestibility and energy efficiency in poultry and cattle. Its subsidiaries include Fine Organics (USA), Inc. and Fine Organics Europe BV.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Specialty Chemicals: 130 companies →Fine Organic Industries against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)35.7 against a typical 25.8: pricier than most peers (1st = cheapest).88th of 129
- Sales growth+18% against a typical +25.9% from a year earlier.77th of 112
- Profit growth+17.9% against a typical +42.4% from a year earlier.69th of 102
- Share price, 3 months+6.3% against a typical −5.8%.33rd of 118
- Size₹ 15,440.8 Cr. market value against a typical ₹ 359.6 Cr. (1st = largest).8th of 126
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA by ICRA- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| ICRA | [ICRA]AA /[ICRA]A1+ | Stable | 29 Sep 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 29 Sep 2025 | Reaffirmed | [ICRA]AA /[ICRA]A1+ | — | ICRA | ₹ 71 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 2 Nov 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 7 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 19 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and the recommendation of the final dividend, if any |
| 12 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 7 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 8 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 8 May 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2025 and dividend |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 540 | 488 | 547 | 550 | 596 | 517 | 607 | 588 | 597 | 555 | 625 | 694 |
| Expenses | 410 | 371 | 403 | 410 | 446 | 414 | 487 | 466 | 463 | 461 | 496 | 520 |
| Operating Profit | 130 | 117 | 144 | 139 | 150 | 103 | 120 | 123 | 134 | 94 | 129 | 174 |
| OPM % | 24% | 24% | 26% | 25% | 25% | 20% | 20% | 21% | 22% | 17% | 21% | 25% |
| Other Income | 17 | 17 | 22 | 24 | 22 | 25 | 26 | 47 | 21 | 21 | 35 | 24 |
| Interest | 1 | 1 | 1 | 1 | 0 | 0 | 1 | 1 | 0 | 0 | 3 | 1 |
| Depreciation | 14 | 15 | 15 | 12 | 13 | 13 | 15 | 12 | 13 | 14 | 18 | 14 |
| Profit before tax | 132 | 119 | 150 | 151 | 159 | 115 | 130 | 157 | 142 | 101 | 143 | 184 |
| Tax % | 22% | 21% | 24% | 25% | 26% | 28% | 25% | 26% | 24% | 27% | 18% | 25% |
| Net Profit | 103 | 94 | 115 | 113 | 117 | 83 | 97 | 117 | 109 | 74 | 117 | 138 |
| EPS in Rs | 33.71 | 30.73 | 37.36 | 36.94 | 38.3 | 26.97 | 31.68 | 38.19 | 35.4 | 24.11 | 38.32 | 45.06 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 14%
- 5 Years
- 16%
- 3 Years
- −8%
- TTM
- 7%
- 10 Years
- 18%
- 5 Years
- 28%
- 3 Years
- −13%
- TTM
- 7%
- 10 Years
- —
- 5 Years
- 13%
- 3 Years
- 4%
- TTM
- —
- 10 Years
- 25%
- 5 Years
- 25%
- 3 Years
- 19%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Fine Organic Industries | ₹ 5,096.00 | ₹ 15,441 Cr. | 35.7x | 5.9x | 16% | — |
| Asian Paints | ₹ 2,305.00 | ₹ 2,21,095 Cr. | 58.1x | 12.1x | 21.2% | 12.4% |
| Solar Industries India | ₹ 18,320.00 | ₹ 1,65,778 Cr. | 99.6x | 26.6x | 31.4% | 17.7% |
| Pidilite Industries | ₹ 1,514.00 | ₹ 1,54,107 Cr. | 64.8x | 14.7x | 23.8% | 16.9% |
| SRF | ₹ 2,309.00 | ₹ 68,444 Cr. | 44.6x | 6.1x | 13.8% | 11.6% |
| Linde India | ₹ 5,697.00 | ₹ 48,586 Cr. | 110.5x | 14.2x | 13.6% | 21.7% |
Management
- Mukesh Maganlal Shah
- Executive Chairman of the Board, Whole Time Director
- Tushar Ramesh Shah
- Chief Executive Officer, Whole Time Director
- Sonali Bhadani
- Chief Financial Officer
- Pooja Bhavesh Lohor
- Compliance Officer, Company Secretary
- Jayen Ramesh Shah
- Managing Director, Executive Director
- Nikhil Dattatraya Kamat
- Whole-Time Director
- Bimal Mukesh Shah
- Whole-Time Director
Prices are delayed and for information only. Nothing on this page is investment advice.