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Fineotex Chemical Ltd. Stock Analysis

Small Cap
Evaluated by 929 users | BSE: 533333 | NSE: FCL |
Chemicals
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...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 13.91%10.67%9.94%8.27%13.43%18.32%22.45%16.33%12.97%13.19%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 28.233.340.753.56568.574.790.1113129
Y-o-Y Gr. Rt.-18%22.1%31.4%21.6%5.4%9%20.6%25.1%14.4%
Adjusted EPS (Rs.) 0.380.480.50.440.81.281.91.651.521.71
Y-o-Y Gr. Rt.-26.3%4.2%-12%81.8%60%48.4%-13.2%-7.9%12.5%
Book Value per Share (Rs.) 4.124.464.865.356.37.459.1710.8812.4413.25
Adjusted Net Profit 4.35.45.64.9914.421.118.416.919
Net Op. Cash Flow (Rs. Cr.) 2.62.51.3-1.38.29.210.69.13.422.2
Debt to Cash Flow from Ops 0.043.044.82-2.920.220.330.10.520.640.13
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Fineotex Chemical Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 18.4%14.7%20%14.4%
Adjusted EPS 18.2%16.4%-3.5%12.5%
Book Value per Share 13.91613.16.5
Share Price 7.2% 4.7% -6.7% 10.9%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 13.911.1110.728.5613.7518.6522.7316.5113.0113.29
Operating Profit Margin (%) 21.5718.0614.019.4618.2827.2324.8526.5322.4721.57
Net Profit Margin (%) 15.116.0513.799.1913.8421.0328.2820.4514.9914.74
Debt to Equity 00.150.110.060.030.040.010.040.020.02
Working Capital Days 148173177185175159155174198204
Cash Conversion Cycle 50474347413945577679
Entity Percentage Holding
Promoters 71.42%
Institutions 0.21%
Non-Institutions 28.37%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Fineotex Chemical Ltd.'s performance infers:

Fineotex Chemical Ltd. earnings have grown by 16.4%, whereas share price has appreciated 4.7% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

Data is not available for this company

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

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

 

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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