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    Chemicals - Specialty
Fineotex Chemical Limited

Fineotex Chemical Limited

FCL.NS
Fineotex Chemical LimitedIN flagNational Stock Exchange of India
37.25
INR
-0.16
- -
4.26BMarket Cap
Fineotex Chemical Limited
FCL.NS
(National Stock Exchange of India)

Recent

price

37.25

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
0.25
7.11
8.54
7.72
9.08
9.79
1.13
12.58
16.26
17.5
19.57
33.11
46.57
51.25
4.73
- -
9.95
Revenue per Share
0.04
0.53
0.63
0.58
1.15
1.52
0.23
2.04
2.02
1.17
3.84
4.98
7.97
10.82
0.96
- -
1.4
Basic EPS, GAAP
0.02
0.14
0.14
0.04
0.75
1.08
0.13
0.54
1.08
1.98
-1.35
-0.82
7.93
4.44
0.02
- -
- -
Free Cash Flow per Basic Share
0.01
0.06
0.05
0.05
0.05
0.3
0.01
0.31
0.23
0.29
0.12
0.45
0.53
2.04
0.08
- -
- -
Dividend per Share
0.1
2.5
3.08
3.55
5.56
7.15
0.94
11.25
13.27
14.3
18.11
22.83
30.4
40.84
4.9
- -
1.5
Book Value per Share
0.41
4.37
5.01
5.6
6.73
8.13
1.02
12.2
14.23
15.26
18.92
23.77
31.56
39.27
6.39
- -
11.15
Tangible Book Value per Share
1,123
112
112
112
112
112
1,113
111
111
111
111
111
111
111
1,127
- -
776
Basic Weighted Avg Shares
282
798
959
867
1,020
1,099
1,258
1,400
1,809
1,948
2,172
3,667
5,157
5,676
5,333
7,722
7,722
Sales/Revenue/Turnover
22.41
8.97
9.54
10.4
15.7
25.7
23.19
21.72
18.48
17.26
18.31
18.87
21.09
25.11
22.13
15.71
15.71
Operating Margin (%)
1
6
4
8
12
6
6
7
10
12
15
25
43
60
92
134
134
Depreciation Expense
42
60
70
65
129
170
258
227
225
131
426
552
883
1,198
1,082
1,088
1,088
Net Income, GAAP
32.89
27.75
27.14
29.99
27.74
31.18
23.93
29.35
27.65
34.84
20.24
22.38
21.99
23.19
22.68
18.31
18.31
Effective Tax Rate (%)
15.04
7.52
7.34
7.5
12.66
15.5
20.51
16.21
12.45
6.71
19.61
15.05
17.12
21.11
20.29
14.08
14.08
Profit Margin (%)
384
429
450
473
261
316
386
536
788
841
1,160
1,637
1,601
1,964
1,938
3,698
3,698
Working Capital
1
56
33
7
- -
- -
- -
2
1
- -
- -
- -
- -
- -
- -
38
38
LT Debt
463
544
616
690
817
974
1,197
1,419
1,645
1,760
2,161
2,694
3,557
4,536
7,389
9,397
9,397
Total Equity
13.82
9.69
10.62
9.35
15.18
21.05
19.93
16.06
15.43
12.66
15.9
21.88
26.75
26.64
15.23
11.73
11.73
Return on Invested Capital (%)
46.4
25.42
15.3
12.41
19.93
18.32
22.55
17.33
14.39
7.36
21.47
22.69
28.46
29.17
21.1
25.23
25.23
Return on Capital (%)
46.56
30.55
22.48
17.48
25.26
23.88
27.9
19.74
16.51
8.52
23.65
24.32
29.96
30.37
21.54
32.52
32.52
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
- -
- -
44
LT Borrowings
- -
- -
38
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,146
- -
1,165
Market Capitalization
21,952
20,846
14,929

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
3,133
- -
5,751
Cash, Cash Equivalents & STI
641
- -
745
Accounts Receivable, Net
1,324
- -
2,903
Inventories
819
- -
1,546
Total Current Liabilities
781
- -
2,053
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
44
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
26.14%
34.86%
27.18%
Free Cash Flow
-411.77%
-818.79%
-2,852.95%
Net Income, GAAP
33.85%
23.22%
0.5%
Sales/Revenue/Turnover
23.24%
31.66%
44.79%
Total Cash Common Dividend
60.97%
113.48%
52.49%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,322
1,453
1,385
1,516
5,676
2025
1,419
1,457
1,259
1,198
5,333
2026
1,371
1,377
1,837
3,137
7,722

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.32
2.83
2.95
- -
10.82
2025
2.56
2.8
0.24
0.18
0.96
2026
2.18
0.23
0.26
0.38
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
2.04
2025
- -
- -
- -
- -
0.08
2026
- -
- -
- -
- -
- -
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Business
Fineotex Chemical Limited manufactures specialty performance chemicals and enzymes primarily for the textile industry, along with products for cleaning and hygiene, oil and gas, water treatment, construction, leather, paint, agrochemicals, adhesives, and related sectors; its core offerings encompass over 450 items including pre-treatment chemicals, dyeing auxiliaries, printing agents, finishing chemicals such as water and oil repellents and antimicrobials, demulsifiers, corrosion inhibitors, biocides, surfactants, and enzymes supplied to textile processors, garment manufacturers, FMCG companies, oilfield operators, and institutional customers. The company operates state-of-the-art manufacturing plants in Navi Mumbai, Ambernath, and Selangor, Malaysia, with a total capacity of 104,000 metric tons per annum, serving domestic markets in India—which account for about 70% of revenues—and exporting to approximately 70 countries through 102 distributors and 34 technical marketing experts. Founded in 1979 by Surendra Tibrewala and headquartered in Mumbai, India, Fineotex Chemical went public in 2007, listing on the Bombay Stock Exchange in 2011 and the National Stock Exchange in 2015; its Malaysian subsidiary Biotex leads research and development, focusing on high-end textile finishing and paint specialties. Recent developments include raising approximately Rs 3.4 billion through preferential allotments of equity shares and convertible warrants in 2024, with promoters contributing Rs 450 million, followed by successful warrant exercises in November 2025 to fund working capital, inorganic acquisitions, and organic expansions; the company acquired 7 acres of land at Additional Ambernath MIDC for Rs 350 million to build a new 15,000 TPA Phase 1 greenfield plant by mid-2026, commissioned a 100 kWp solar power plant at Ambernath in fiscal 2024, and executed strategic collaborations with Eurodye-CTC of Belgium for specialty chemicals in India, HealthGuard of Australia for global antimicrobial and antiviral solutions via a Malaysian joint venture, and Sasmira Institute in Mumbai for a state-of-the-art R&D center emphasizing sustainable chemistry, alongside a 4:1 bonus issue and 1:2 stock split in late 2025.