Fine Organic IND. Ltd.
NSE: FINEORG · Specialty Chemicals · sector
₹4,999.50NSE close 2026-10-26
Key numbers
Market cap₹15,328 cr
Price₹4,999.50
52w high / low₹5,666 / ₹3,856
P/E35.0xSector median 22.6x
P/B5.8xSector median 2.6x
Book value₹869.1
Dividend yield0.22%Sector median 0.60%
ROE17.7%Sector median 10.6%
ROCE21.3%Sector median 12.9%
OPM21.7%Sector median 12.1%
Debt / equity0.02xSector median 0.18x
EV/EBITDA26.0xSector median 15.1x
Interest cover128.5x
Current ratio8.49x
Sales growth 3y-7.8%Sector median +5.0%
Profit growth 3y-12.3%Sector median +0.9%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 107 companies in Specialty Chemicals (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹1,449 cr vs borrowings ₹45 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 128.5x in the last 12 months.
- Operating cash flow was below net profit in 3 of the last 5 years (FY25, FY23, FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 23% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹4,999.50 on 2026-10-26: -11.8% from the 52-week high, +29.7% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹5,461.50 · low ₹3,615.45
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 596 | 513 | 607 | 588 | 597 | 555 | 625 | 694 |
| EBITDA | 151 | 99 | 120 | 131 | 135 | 94 | 130 | 176 |
| OPM % | 25.3% | 19.3% | 19.7% | 22.2% | 22.6% | 17.0% | 20.8% | 25.3% |
| Other income | 22 | 29 | 26 | 40 | 21 | 21 | 35 | 24 |
| Net profit | 117 | 83 | 97 | 117 | 109 | 74 | 117 | 138 |
| EPS (₹) | 38.30 | 26.97 | 31.68 | 38.19 | 35.40 | 24.11 | 38.32 | 45.06 |
| Revenue YoY | +0.2% | +8.1% | +3.1% | +18.0% | ||||
| Profit YoY | -7.6% | -10.6% | +21.0% | +18.0% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,876 | 3,023 | 2,123 | 2,269 | 2,366 | 2,472 |
| EBITDA | 365 | 831 | 533 | 513 | 490 | 535 |
| Net profit | 260 | 618 | 412 | 410 | 417 | 438 |
| EPS (₹) | 84.71 | 201.60 | 134.34 | 133.89 | 136.03 | 142.89 |
| Revenue growth | +61.1% | -29.8% | +6.9% | +4.3% | +7.3% | |
| Profit growth | +138.1% | -33.4% | -0.3% | +1.6% | +5.7% | |
| Dividend / share (₹) | 6.00 | 9.00 | 9.00 | 10.00 | 11.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -7.8% | +15.9% | +7.3% |
| Net profit | -12.3% | +28.2% | +5.7% |
| EPS | -12.3% | +28.2% | – |
| Share price | – | +2.1% (2y) | +13.9% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,541 | 1,921 | 2,295 | 2,665 |
| Borrowings | – | 27 | 0 | 0 | 45 |
| Cash & equivalents | – | 523 | 1,049 | 950 | 1,449 |
| Total assets | – | 1,807 | 2,108 | 2,511 | 2,999 |
| Fixed assets | – | 213 | 231 | 361 | 386 |
| Capital work in progress | – | 40 | 30 | 27 | 62 |
| Investments | – | 39 | 36 | 35 | 0 |
| Receivables | – | 351 | 311 | 332 | 351 |
| Inventory | – | 445 | 261 | 363 | 402 |
| Payables | – | 176 | 135 | 155 | 173 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 68 | 485 | 635 | 204 | 430 |
| Cash from investing | -56 | -85 | -391 | -669 | -409 |
| Cash from financing | -45 | -69 | -59 | -34 | -0 |
| Capex | 61 | 81 | 86 | 128 | 142 |
| Free cash flow | 7 | 404 | 548 | 76 | 288 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 40.1% | 21.4% | 17.9% | 15.7% |
| ROCE % | – | 54.0% | 28.6% | 24.3% | 20.3% |
| Debtor days | – | 42 | 54 | 53 | 54 |
| Inventory days | – | 91 | 78 | 100 | 104 |
| Payable days | – | 36 | 41 | 43 | 45 |
| Cash conversion cycle (days) | – | 97 | 91 | 110 | 113 |
| Working capital days | – | 139 | 258 | 257 | 316 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 75.00% |
| FIIs | 4.56% |
| DIIs | 10.26% |
| of which Mutual funds | 8.94% |
| of which Insurance | 0.95% |
| Public (non-institutions) | 10.18% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% |
| Promoter group | % |
|---|---|
| Jayen Ramesh Shah | 17.04% |
| Tushar Ramesh Shah | 16.60% |
| Bimal Mukesh Shah | 10.44% |
| Archana Yatin Sankholkar | 7.49% |
| Mukesh Maganlal Shah | 6.59% |
| Anjali Kunal Patil | 6.49% |
| Neeta Jayen Shah | 2.00% |
| Bina Tushar Shah | 1.87% |
| Jayshree Mukesh Shah | 1.85% |
| Akruti Bimal Shah | 1.46% |
| R M Shah - HUF (Karta - Jayen Ramesh Shah) | 1.01% |
| Esha Tushar Shah | 0.68% |
| Rhea Tushar Shah | 0.68% |
| Manali Vishal Doshi | 0.40% |
| Shaili Nirav Doshi | 0.40% |
| Public holders above 1% | % |
|---|---|
| Axis Mutual Fund Trustee Ltd A/C Axis Mutual Fund | 3.99% |
| Nippon Life India Trustee Ltd-a/c Nippon India SMA | 2.56% |
| Hitesh Satishchandra Doshi | 1.04% |
80,605 shareholders. Pledged: – of promoter shares.
Peers in Specialty Chemicals
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| PIDILITIND | ₹1,50,431 cr | 56.8x | 13.9x | 25.7% | 33.4% | 24.5% | +7.4% | 1.01% |
| FLUOROCHEM | ₹46,168 cr | 75.4x | 5.9x | 8.1% | 10.0% | 25.6% | -4.2% | 0.07% |
| NAVINFLUOR | ₹39,306 cr | 49.7x | 9.9x | 23.9% | 22.2% | 33.7% | +16.8% | 0.18% |
| DEEPAKNTR | ₹19,676 cr | 25.1x | 3.4x | 14.0% | 15.3% | 15.4% | -0.4% | 0.52% |
| AETHER | ₹19,529 cr | 82.8x | 8.0x | 10.1% | 11.4% | 30.9% | +21.2% | – |
| ATUL | ₹15,762 cr | 19.8x | 2.5x | 11.9% | 16.9% | 17.9% | +7.9% | 0.47% |
| AARTIIND | ₹15,539 cr | 29.3x | 2.6x | 9.2% | 8.0% | 14.9% | +7.8% | 0.24% |
| FINEORG | ₹15,328 cr | 35.0x | 5.8x | 17.7% | 21.3% | 21.7% | -7.8% | 0.22% |
| BASF | ₹13,174 cr | 20.5x | 3.3x | 16.9% | 22.0% | 5.9% | +3.1% | 0.66% |
| PRIVISCL | ₹13,109 cr | 37.5x | 9.3x | 27.6% | 22.6% | 24.9% | +16.8% | 0.15% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-07-31 | Dividend | Dividend - Rs 11 Per Share |
| 2025-07-25 | Dividend | Dividend - Rs 11 Per Share |
| 2024-08-13 | Dividend | Annual General Meeting/Dividend - Rs 10 Per Share |
| 2023-08-14 | Dividend | Annual General Meeting/Dividend - Rs 9 Per Share |
| 2022-08-11 | Dividend | Annual General Meeting/Dividend - Rs 9 Per Share |
| 2021-08-13 | Dividend | Annual General Meeting/Dividend - Rs 6 Per Share/Special Dividend - Rs 5 Per Share |
| 2020-09-10 | Dividend | Annual General Meeting/Dividend - Rs 3 Per Share |
| 2020-02-18 | Dividend | Interim Dividend - Rs 4 Per Share |
| 2019-07-25 | Dividend | Annual General Meeting/Dividend - Rs 7 Per Share |
| 2018-09-19 | Dividend | Annual General Meeting/Dividend Rs 7 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing of Additives: The Company is India's leading speciality performance additives manufacturer used in plastic, foods, rubbers, coating, cosmetics, feed nutrition and other speciality applications.
| Sector | Commodities |
| Industry | Specialty Chemicals |
| Sub-industry | Specialty Chemicals |
| Symbol | FINEORG |
| BSE code | 541557 |
| ISIN | INE686Y01026 |
| Face value | ₹5.0 |
| Incorporated | 2002-05-24 |
| Website | https://www.fineorganics.com |
| Plants (India / abroad) | 7 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.