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Fineotex Chemical Ltd (FCL)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533333 NSE: FCL Chemicals | Small Cap | Fineotex Chemical Share Price
₹57.43 1.64 (2.94%)
As on 22-Sep'26 16:59
Fineotex Chemical Ltd (FCL)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533333 NSE: FCL Chemicals | Small Cap | Fineotex Chemical Share Price
₹57.43 1.64 (2.94%)
As on 22-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹6,688 Cr.
Current Price
₹57.4
52-Week Low / High
₹19 / 62
TTM EPS
₹1.1
TTM Sales
₹1,012 Cr.
Book Value per Share
₹8
P/E Ratio
54.67
Higher than its 5-year historical median
Industry PE
48.3
Price to Book (P/B)
7.19
Lower than its 5-year historical median
Price to Sales (P/S)
6.61
Lower than its 5-year historical median
EV/EBITDA
32.80
In line with its 5-year historical median
Dividend Yield
0.78%
Profitability Efficiency
Return on Equity (ROE)
15.50%
Outperforms industry median
Return on Capital Employed (ROCE)
19.04%
Outperforms industry median
Return on Assets (ROA)
12.67%
Operating Profit Margin
17.7%
Net Profit Margin
16.19%
Gross Profit Margin
21.6%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-9.64%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
2.33%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
14.48%
Asset Quality
Promoter Holding
62.30%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹814 Cr.
Equity
₹116.5 Cr.
Face Value
₹1
All Time Low / High
₹0.16 / 62.44
Check Before You Invest
Quality
Very GoodValuation
OvervaluedCheck Valuation charts
Price Trend
Strong
Is Fineotex Chemical Ltd a good quality company?
Fineotex Chemical Ltd is a good quality company, based on a consistently good multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Fineotex Chemical Ltd performance compare with that of its Peers?
Revenue growth of Fineotex Chemical Ltd vs industry peers?
Fineotex Chemical Ltd revenue CAGR is 28.72%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Fineotex Chemical Ltd?
Promoters hold 62.30% of the Fineotex Chemical Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Fineotex Chemical Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 35.1% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Fineotex Chemical Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 29.6% | 26.7% | 19.1% | 11.9% | 27.1% | 28.1% | 27.3% | 44.2% | 25.4% | 16.5% | - |
| Value Creation Index ⓘ | 1.1 | 0.9 | 0.4 | -0.2 | 0.9 | 1.0 | 1.0 | 2.2 | 0.8 | 0.2 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 74.7 | 90.1 | 113 | 129 | 129 | 250 | 296 | 419 | 439 | 397 | 384 |
| Sales YoY Gr. | - | 20.6% | 25.1% | 14.4% | 0.5% | 93.1% | 18.2% | 41.8% | 4.8% | -9.6% | - |
| Adj EPS ⓘ | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.4 | 0.5 | 1 | 0.8 | 0.8 | 0.8 |
| YoY Gr. | - | 0% | -21.1% | 13.3% | 88.2% | 21.9% | 18% | 115.2% | -15.2% | -6% | - |
| BVPS (₹) ⓘ | 0.9 | 1.1 | 1.2 | 1.3 | 1.6 | 2 | 2.4 | 3.2 | 5.5 | 6.5 | 6.7 |
| Adj Net Profit ⓘ | 21.1 | 21.5 | 16.9 | 19 | 35.6 | 42.9 | 50.5 | 110 | 96.1 | 91.7 | 92 |
| Cash Flow from Ops. ⓘ | 10.6 | 9.1 | 3.4 | 22.2 | -0.8 | 13.5 | 66.3 | 68.6 | 58.1 | -73.1 | - |
| Debt/CF from Ops. ⓘ | 0.1 | 0.5 | 0.6 | 0.1 | -4.1 | 0.1 | 0.1 | 0.1 | 0 | 0 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 20.4% | 25.1% | 10.3% | -9.6% | ||||
| Adj EPS ⓘ | 17.2% | 19.8% | 19.8% | -6% | ||||
| BVPSⓘ | 24.2% | 31.6% | 38.6% | 17.9% | ||||
| Share Price | 35.1% | 33.5% | 22.3% | 146.2% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 22.7 | 19.3 | 13 | 13.3 | 21.7 | 21.3 | 20.6 | 35 | 19.5 | 13.3 | 12 |
| Op. Profit Mgn % ⓘ | 24.9 | 26.5 | 22.5 | 21.6 | 24.1 | 21.4 | 20.6 | 27.1 | 24.1 | 20.5 | 20.8 |
| Net Profit Mgn % ⓘ | 28.3 | 23.9 | 15 | 14.7 | 27.5 | 17.2 | 17.1 | 26.2 | 21.9 | 23.1 | 24 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 155 | 160 | 175 | 183 | 230 | 177 | 167 | 126 | 145 | 232 | 102 |
| Cash Conv. Cycle ⓘ | 45 | 57 | 76 | 79 | 108 | 86 | 80 | 52 | 63 | 90 | 79 |
Valuation of Fineotex Chemical - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 127 | 141 | 182 | 196 | 219 | 368 | 517 | 569 | 533 | 772 |
| Operating Expenses ⓘ + | 98 | 111 | 148 | 162 | 178 | 297 | 404 | 421 | 406 | 642 |
| Operating Profit ⓘ | 29 | 30 | 34 | 35 | 41 | 71 | 113 | 148 | 127 | 130 |
| Operating Profit Margin (%) | 23.2% | 21.2% | 18.9% | 17.7% | 18.6% | 19.3% | 21.8% | 26.1% | 23.9% | 16.9% |
| Other Income ⓘ + | 10 | 5 | 1 | 2 | 17 | 6 | 7 | 17 | 24 | 38 |
| Interest ⓘ | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation ⓘ | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 6 | 9 | 13 |
| Profit Before Tax ⓘ | 38 | 34 | 34 | 22 | 56 | 73 | 115 | 158 | 141 | 153 |
| Tax ⓘ | 9 | 10 | 9 | 8 | 11 | 16 | 25 | 37 | 32 | 28 |
| Profit After Tax | 29 | 24 | 24 | 14 | 45 | 57 | 90 | 121 | 109 | 125 |
| PAT Margin (%) | 22.9% | 17.0% | 13.4% | 7.3% | 20.4% | 15.5% | 17.3% | 21.3% | 20.5% | 16.2% |
| Adjusted EPS (₹) | 0.2 | 0.2 | 0.2 | 0.1 | 0.4 | 0.5 | 0.8 | 1.1 | 0.9 | 0.9 |
| Dividend Payout Ratio (%) | 4.30% | 9.80% | 4.90% | 4.30% | 7.80% | 8% | 10% | 14.80% | 8.50% | 48.20% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 112 | 136 | 159 | 170 | 209 | 262 | 348 | 447 | 731 | 882 | |
| Debt + | 1 | 5 | 2 | 3 | 3 | 2 | 7 | 5 | 0 | 8 | |
| Minority Interest | 7 | 6 | 6 | 6 | 7 | 7 | 7 | 6 | 8 | 57 | |
| Trade Payables | 15 | 11 | 21 | 23 | 37 | 59 | 47 | 73 | 57 | 161 | |
| Others Liabilities ⓘ | 3 | 4 | 7 | 5 | 11 | 9 | 13 | 17 | 20 | 51 | |
| Total Liabilities ⓘ | 140 | 161 | 195 | 207 | 267 | 339 | 423 | 548 | 815 | 1,159 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 23 | 25 | 32 | 37 | 56 | 80 | 95 | 137 | 179 | 278 | |
| CWIP ⓘ | 0 | 0 | 0 | 1 | 5 | 0 | 0 | 0 | 21 | 2 | |
| Investments ⓘ | 47 | 55 | 48 | 52 | 32 | 17 | 89 | 147 | 330 | 317 | |
| Inventories | 13 | 21 | 25 | 21 | 29 | 60 | 47 | 50 | 64 | 155 | |
| Trade Receivables | 29 | 28 | 49 | 54 | 83 | 111 | 101 | 139 | 116 | 290 | |
| Cash Equivalents | 13 | 8 | 15 | 18 | 34 | 38 | 60 | 40 | 42 | 46 | |
| Others Assets ⓘ | 14 | 24 | 25 | 25 | 29 | 34 | 30 | 35 | 62 | 71 | |
| Total Assets ⓘ | 140 | 161 | 195 | 207 | 267 | 339 | 423 | 548 | 815 | 1,159 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 19 | 6 | 12 | 28 | 9 | 13 | 107 | 97 | 69 | -24 |
| Cash Flow From Investing Activity ⓘ + | -11 | -9 | 4 | -19 | -7 | -1 | -102 | -46 | -273 | 105 |
| Cash Flow From Financing Activity ⓘ + | -6 | -4 | -3 | -4 | -4 | -6 | -6 | -24 | 176 | -63 |
| Net Cash Flow ⓘ | 2 | -7 | 13 | 5 | -2 | 7 | -1 | 27 | -27 | 19 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 28.53 | 19.31 | 16.52 | 8.71 | 23.51 | 24.13 | 29.34 | 30.45 | 18.56 | 15.5 |
| ROCE (%) | 37.14 | 27.16 | 22.86 | 13.54 | 29.35 | 31.12 | 37.3 | 39.32 | 24.04 | 19.04 |
| Asset Turnover Ratio | 1.06 | 0.95 | 1.03 | 0.98 | 0.92 | 1.21 | 1.36 | 1.17 | 0.78 | 0.78 |
| PAT to CFO Conversion(x) | 0.66 | 0.25 | 0.5 | 2 | 0.2 | 0.23 | 1.19 | 0.8 | 0.63 | -0.19 |
| Working Capital Days | ||||||||||
| Receivable Days | 74.20 | 73 | 77.10 | 95.70 | 114 | 95.90 | 74.90 | 77.10 | 87.20 | 96 |
| Inventory Days | 33.40 | 43.70 | 46.20 | 42.90 | 41.60 | 43.80 | 37.70 | 31.20 | 39.20 | 51.80 |
| Payable Days | 75.70 | 60.60 | 53.10 | 69.60 | 82.70 | 78.40 | 59.40 | 65.50 | 75.70 | 78.90 |
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Fineotex Chemical Ltd FAQs
The current trading price of Fineotex Chemical on 22-Sep-2026 16:59 is ₹57.43.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Sep-2026 the market cap of Fineotex Chemical stood at ₹6,687.7 Cr
The latest P/E ratio of Fineotex Chemical as of 21-Sep-2026 is 72.28.
The latest P/B ratio of Fineotex Chemical as of 21-Sep-2026 is 8.64.
The 52-week high of Fineotex Chemical is ₹62.44 and the 52-week low is ₹18.98.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Fineotex Chemical is ₹384 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Fineotex Chemical Ltd is a good quality company.
The key valuation ratios of Fineotex Chemical Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Fineotex Chemical Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
About Fineotex Chemical Ltd
Fineotex Chemical Limited (FCL) was incorporated as a private limited company under the Companies Act 1956, on January 30, 2004 in the State of Maharashtra and its constitution was changed to a public limited company vide a new certificate of incorporation dated October 19, 2007. It is promoted by the members of the Tibrewala family, the company is in the business of manufacturing specialty chemicals and enzymes. The registered and corporate office of the company is situated at 42 and 43 Manorama Chambers, S.V. Road, Bandra West Mumbai 400 050.
The company has acquired the business of Fineotex Chemical Industries, a proprietorship concern of Surendra Kumar Tibrewala, which was set up in the year 1995 at Mahape, MIDC in Navi Mumbai. Fineotex Chemical Industries was engaged in the manufacturing of specialty chemicals for Textile and Garment Industry (right from Pre-treatment Chemicals to finishing products), Leather Industry, Agrochemical Industry, Paper Industry, Paint Industry, Construction chemicals, Wood and Sticker Industry etc. It also manufactured various value added specialty chemicals and enzymes.
The company acquired the business of Fineotex Chemical Industries by executing the deed of Assignment dated April 1, 2007 for a lump sum cash consideration of Rs 3 crore only and acquired all assets and liabilities related to the business. Pursuant to this deed of assignment, the proprietor of Fineotex Chemical Industries was allotted 30, 00,000 equity shares of Rs 10 each of Fineotex Chemical Limited.
The company proposes to set up a manufacturing facility for the production of specialty chemicals and enzymes with a capacity of 13,125 MT/annum in and around Khopoli in Maharashtra and to set up a sales office at Mumbai. Setting up this project would be a step towards expansion of current business i.e. manufacturing of specialty chemicals and enzymes for construction, textile and garments, leather and water treatment industry. This expansion would help us tap the potential of the increasing demand of the specialty chemicals in the above industries.
Business area of the company
The company manufactures specialty chemicals consumed by textile and garment industry, leather, construction, adhesives paper, water treatment, agrochemicals, paint and other industries. The company’s existing plant is located at A - 699 and A - 700, TTC Industrial Area, Mahape, Navi Mumbai, District Thane. Its products have an established international market in countries like Bangladesh, Indonesia, Bulgaria, Pakistan, Colombia, Singapore, etc. Also, the company’s products are sold in Indian cities like Mumbai, Balotra Bhilwara, Delhi, Ludhiana, Tirupur, Karur, Erode, etc.
Milestones
- 1995: Incorporation of Fineotex Chemical Industries (FCI)
- 2003: FCI received ISO 9001:2000 from JAS-ANZ Certification
- 2003: Registered Trademark for ‘FINEOTEX’
- 2004: Incorporation of Fineotex Chemical Private Limited
- 2007: Acquisition of business of Fineotex Chemical Industries by Fineotex Chemical Private Limited
- 2007: Converted to Public Limited Company
- 2007: FCL received ISO 9001:2000 from JAS-ANZ Certification
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