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Swing Capital

Fine Organic Industries Ltd

NSE: FINEORG BSE: 541557

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.

₹4,500
52W: ₹3856 — ₹5494
PE 40.6 · Book ₹770 · +484% vs book
Market Cap₹13,796 Cr
Stock P/E40.6Price to Earnings
ROCE25.8%Return on Capital
ROE19.1%Return on Equity
Div. Yield0.24%Face Value ₹5

Strengths

  • +Company is almost debt free.
  • +Company has a good return on equity (ROE) track record: 3 Years ROE 27.1%

Shareholding Pattern

Promoters75%
FIIs4.4%
DIIs11.65%
Public8.96%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters75%75%75%75%75%75%75%75%
FIIs4.94%4.88%▼0.15.22%▲0.34.66%▼0.64.8%▲0.14.57%▼0.24.43%▼0.14.4%▼0.0
DIIs11.12%11.56%▲0.411.52%▼0.012.04%▲0.511.94%▼0.112.02%▲0.111.8%▼0.211.65%▼0.2
Public8.92%8.56%▼0.48.27%▼0.38.31%▲0.08.26%▼0.18.41%▲0.28.78%▲0.48.96%▲0.2

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales472426522508595522576559572529
Expenses367333389386452417468452464444
Operating Profit1049213212214310410810710885
OPM %22%22%25%24%24%20%19%19%19%16%
Net Profit7970104991138989939568
EPS ₹25.8922.7234.0232.2936.8929.0328.8830.2831.122.22

AI Insights

Revenue Trend

TTM revenue at ₹2,236Cr, up 1.4% YoY. OPM at 18%.

Debt Position

Borrowings at ₹7Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.

Capex Cycle

CWIP at ₹31Cr (12% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 11.65% (-0.59pp change). FIIs: 4.4% (+0.62pp change). Promoters hold 75%.

Margin & Efficiency

ROCE improving from 0% (Mar 2014) to 26% (Mar 2025). Working capital days: 100.

Valuation

PE 40.6x with 25.8% ROCE. Price is 484% above book value of ₹770. Dividend yield: 0.24%.

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