FINEORG

Fine Organic Industries Limited

Oleochemical-based additives for food, polymer, cosmetics and other specialty applications

Commodities›Chemicals›Chemicals & Petrochemicals›Specialty Chemicals

fineorganics.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹5461.50
Market cap
16,743 Cr
Stock P/E
38.2
P/B
6.28
Dividend yield
0.2%
ROE (FY26)
15.7%
ROCE (FY26)
20.2%
Operating margin (FY26)
18.0%
Debt / equity (FY26)
0.02
OCF / EBITDA (FY26)
89.0%
OCF / EBITDA (3Y)
82.9%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Fine Organic (Fine Organic Industries) makes specialty additives for food, plastics and polymers, feed nutrition, personal care, coatings, inks, rubber and other industrial uses, and supplies domestic and multinational customers across the world.

Company snapshot

8thBy market cap

Ranked among 68 companies in Specialty Chemicals.

What we see

Positives
  • ✓Net margin of 17.6% — the business keeps a healthy share of every rupee it earns.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales540 Cr488 Cr547 Cr550 Cr596 Cr513 Cr607 Cr588 Cr597 Cr555 Cr625 Cr694 Cr
Operating expenses (approx.)409 Cr370 Cr403 Cr410 Cr445 Cr414 Cr487 Cr465 Cr462 Cr460 Cr495 Cr518 Cr
EBITDA131 Cr118 Cr143 Cr140 Cr151 Cr99 Cr120 Cr124 Cr135 Cr94 Cr130 Cr176 Cr
OPM %24.2%24.2%26.2%25.4%25.3%19.3%19.7%21.0%22.6%17.0%20.8%25.3%
Other income17 Cr17 Cr23 Cr25 Cr22 Cr29 Cr26 Cr40 Cr21 Cr21 Cr35 Cr24 Cr
Interest0.72 Cr0.51 Cr0.53 Cr0.63 Cr0.42 Cr0.42 Cr0.72 Cr0.53 Cr0.43 Cr0.46 Cr3 Cr0.90 Cr
Depreciation14 Cr15 Cr15 Cr12 Cr12 Cr13 Cr15 Cr12 Cr13 Cr14 Cr18 Cr14 Cr
Profit before tax132 Cr119 Cr150 Cr151 Cr159 Cr115 Cr130 Cr157 Cr142 Cr101 Cr143 Cr184 Cr
Tax %21.9%21.1%23.5%25.2%26.2%27.9%25.2%25.6%23.6%26.6%17.7%24.7%
Net profit103 Cr94 Cr115 Cr113 Cr117 Cr83 Cr97 Cr117 Cr109 Cr74 Cr117 Cr138 Cr
EPS (₹)₹33.71₹30.73₹37.36₹36.94₹38.30₹26.97₹31.68₹38.19₹35.40₹24.11₹38.32₹45.06

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales815 Cr1,060 Cr1,038 Cr1,133 Cr1,876 Cr3,023 Cr2,123 Cr2,269 Cr2,366 CrSign in free for the trailing twelve months
Operating expenses (approx.)669 Cr827 Cr798 Cr934 Cr1,512 Cr2,192 Cr1,589 Cr1,756 Cr1,883 CrSign in free for the trailing twelve months
EBITDA145 Cr234 Cr240 Cr199 Cr365 Cr831 Cr534 Cr513 Cr483 CrSign in free for the trailing twelve months
OPM %17.8%22.0%23.2%17.6%19.4%27.5%25.2%22.6%20.4%Sign in free for the trailing twelve months
Other income4 Cr20 Cr20 Cr17 Cr33 Cr64 Cr72 Cr98 Cr117 CrSign in free for the trailing twelve months
Interest5 Cr2 Cr5 Cr6 Cr5 Cr5 Cr2 Cr2 Cr4 CrSign in free for the trailing twelve months
Depreciation24 Cr17 Cr35 Cr47 Cr40 Cr48 Cr56 Cr52 Cr56 CrSign in free for the trailing twelve months
Profit before tax122 Cr231 Cr216 Cr162 Cr352 Cr841 Cr544 Cr555 Cr543 CrSign in free for the trailing twelve months
Tax %35.5%41.0%23.7%25.8%26.1%26.5%24.3%26.1%23.2%Sign in free for the trailing twelve months
Net profit78 Cr136 Cr165 Cr120 Cr260 Cr618 Cr412 Cr410 Cr417 CrSign in free for the trailing twelve months
EPS (₹)₹25.56₹44.44₹53.75₹39.25₹84.71₹201.60₹134.34₹133.89₹136.03Sign in free for the trailing twelve months
Dividend payout %———7.6%13.0%4.5%6.7%7.5%8.1%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital5 Cr15 Cr15 Cr15 Cr15 Cr15 Cr15 Cr15 Cr15 Cr
Reserves324 Cr485 Cr604 Cr716 Cr944 Cr1,526 Cr1,906 Cr2,280 Cr2,649 Cr
Borrowings40 Cr113 Cr91 Cr57 Cr59 Cr27 Cr——45 Cr
Other liabilities76 Cr89 Cr142 Cr159 Cr219 Cr238 Cr187 Cr215 Cr289 Cr
Total liabilities446 Cr702 Cr852 Cr947 Cr1,236 Cr1,807 Cr2,108 Cr2,511 Cr2,999 Cr
Fixed assets (net)97 Cr78 Cr216 Cr195 Cr229 Cr213 Cr231 Cr361 Cr386 Cr
CWIP3 Cr106 Cr6 Cr26 Cr14 Cr40 Cr30 Cr27 Cr62 Cr
Investments11 Cr10 Cr33 Cr31 Cr31 Cr39 Cr36 Cr35 Cr38 Cr
Loans & advances—0 Cr0 Cr0 Cr0 Cr1 Cr0.65 Cr0.63 Cr0.74 Cr
Inventories92 Cr89 Cr132 Cr126 Cr236 Cr445 Cr261 Cr363 Cr402 Cr
Trade receivables111 Cr156 Cr132 Cr161 Cr301 Cr351 Cr311 Cr332 Cr351 Cr
Cash & bank14 Cr108 Cr206 Cr259 Cr226 Cr515 Cr695 Cr189 Cr188 Cr
Other assets118 Cr155 Cr128 Cr148 Cr200 Cr203 Cr543 Cr1,203 Cr1,569 Cr
Total assets446 Cr702 Cr852 Cr947 Cr1,236 Cr1,807 Cr2,108 Cr2,511 Cr2,999 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity46 Cr98 Cr218 Cr133 Cr68 Cr485 Cr635 Cr204 Cr430 Cr
Cash from investing-16 Cr-93 Cr-84 Cr-40 Cr-56 Cr-85 Cr-391 Cr-669 Cr-409 Cr
Cash from financing-55 Cr92 Cr-37 Cr-40 Cr-45 Cr-69 Cr-59 Cr-34 Cr-0.22 Cr
Net cash flow-25 Cr97 Cr98 Cr53 Cr-33 Cr289 Cr180 Cr-506 Cr-0.83 Cr
Free cash flow (OCF − Capex)35 Cr17 Cr154 Cr87 Cr7 Cr404 Cr548 Cr76 Cr288 Cr

Ratios

MetricMar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %34.1%37.9%31.1%21.3%35.0%53.9%28.5%24.3%20.2%
ROE %23.8%27.2%26.6%16.4%27.1%40.1%21.4%17.9%15.7%
Debtor days505347525842545354
Inventory days6750766470848896102
Days payable473049554633464144
Cash conversion cycle70747361839396108112
OCF / EBITDA %31.8%42.1%90.8%67.0%18.7%58.4%118.8%39.8%89.0%
OCF / EBITDA % (3 years)———66.9%52.2%49.2%68.7%70.5%82.9%
Debt / equity0.120.230.150.080.060.02——0.02
Current ratio2.424.123.914.013.535.379.138.468.49
Net debt / EBITDA0.180.02-0.47-1.01-0.46-0.59-1.30-0.37-0.30