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    Chemicals - Specialty
Fine Organic Industries Limited

Fine Organic Industries Limited

FINEORG.BO
Fine Organic Industries LimitedIN flagBombay Stock Exchange
4,625.50
INR
+44.15
- -
141.82BMarket Cap
Fine Organic Industries Limited
FINEORG.BO
(Bombay Stock Exchange)

Recent

price

4,625.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
171.31
195.72
209.36
212.78
254.09
279.12
345.84
338.57
369.6
611.88
987.89
692.29
740.12
771.61
760.17
Revenue per Share
7.21
21.31
18.35
24.94
25.4
31.09
44.43
53.74
39.24
84.67
201.6
134.34
133.89
136.03
134.01
Basic EPS, GAAP
13.84
-8.53
1.26
27.66
9.73
8.07
5.38
47.66
28.65
1.84
131.83
178.77
24.92
93.8
- -
Free Cash Flow per Basic Share
- -
- -
- -
12.01
- -
9.03
8.43
13.26
3
11
9
9
10
11
- -
Dividend per Share
32.03
53.34
69.89
76.51
101.91
125.61
161.61
202.09
238.34
312.4
505
630.35
754.25
5
4.93
Book Value per Share
33.67
54.97
71.5
81.74
107.02
128.94
163.05
201.59
238.39
312.67
502.21
626.01
747.79
867.84
854.97
Tangible Book Value per Share
29
29
29
31
31
31
31
31
31
31
31
31
31
31
31
Basic Weighted Avg Shares
4,964
5,672
6,067
6,524
7,791
8,558
10,603
10,381
11,332
18,760
30,289
21,225
22,691
23,658
23,658
Sales/Revenue/Turnover
8.05
17.28
14.56
17.79
15.59
16.21
20.47
19.87
13.51
17.38
26.06
22.54
20.3
18.03
18.03
Operating Margin (%)
114
106
226
296
237
200
175
347
468
399
479
566
522
564
564
Depreciation Expense
209
617
532
765
779
953
1,362
1,648
1,203
2,596
6,181
4,119
4,105
4,171
4,171
Net Income, GAAP
32.5
34.71
35.67
34.96
35.53
36.95
40.37
23.75
25.78
26.12
26.5
24.3
26.06
23.18
23.18
Effective Tax Rate (%)
4.21
10.89
8.77
11.72
10
11.14
12.85
15.87
10.62
13.84
20.41
19.41
18.09
17.63
17.63
Profit Margin (%)
846
1,008
733
1,335
1,645
1,990
3,288
3,902
4,654
6,372
11,553
14,975
15,989
20,468
20,468
Working Capital
664
871
291
516
- -
- -
928
915
567
251
8
25
10
582
582
LT Debt
976
1,593
2,072
2,508
3,283
3,956
5,003
6,189
7,315
9,592
15,412
19,210
22,952
26,645
26,645
Total Equity
- -
26.79
19.67
22.93
21.8
21.37
23.81
22.77
14.47
25.94
44.2
20.53
16.04
12.97
12.97
Return on Invested Capital (%)
- -
28.37
20.19
25.07
23.31
24.42
25.7
24.51
15.88
28.56
47.81
23.48
19.38
35.04
35.04
Return on Capital (%)
- -
49.92
29.79
34.99
28.47
27.33
30.94
29.55
17.82
30.75
49.33
23.67
19.34
35.83
35.83
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
34
- -
100
LT Borrowings
92
- -
448
LT Finance Leases
37
- -
134
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
31
- -
31
Market Capitalization
138,958
128,076
122,853

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
20,199
- -
23,202
Cash, Cash Equivalents & STI
11,655
- -
14,527
Accounts Receivable, Net
2,729
- -
3,511
Inventories
3,994
- -
4,025
Total Current Liabilities
1,702
- -
2,734
Payables & Accruals
- -
- -
- -
ST Debt
34
- -
100
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
27.18%
30.41%
16.09%
Free Cash Flow
783.86%
1,441.61%
276.42%
Net Income, GAAP
28.29%
44.35%
1.6%
Sales/Revenue/Turnover
16.85%
21.65%
4.26%
Total Cash Common Dividend
- -
53.92%
10.01%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5,472
5,405
4,884
5,465
21,225
2025
5,497
5,958
5,168
6,068
22,691
2026
5,884
5,973
5,548
6,253
23,658

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
32.54
33.71
30.73
- -
134.34
2025
36.94
38.3
26.97
31.68
133.89
2026
38.19
33.4
24.11
38.32
136.03

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
9
2025
- -
- -
- -
- -
10
2026
- -
- -
- -
- -
11
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Business
Fine Organic Industries Limited Fine Organic Industries Limited manufactures oleochemical-based specialty additives for diverse applications including foods, plastics, rubbers, cosmetics, personal care, pharmaceuticals, coatings, inks, and textile auxiliaries. The company offers an extensive portfolio of products such as emulsifiers, anti-fungal agents, bakery improvers, bread enhancers, starch complexing agents, viscosity modifiers, anti-blooming agents, pan release agents, beverage clouding agents, excipients for pharmaceuticals, and polymer additives including anti-fog and anti-static agents; these bio-based solutions derive from locally sourced plant materials and emphasize green chemistry principles. Founded in 1970 and headquartered in Mumbai, India, Fine Organic Industries operates manufacturing facilities in Dombivli, Ambernath, Badlapur, and Patalganga, with research and development centers in Navi Mumbai; it serves customers in over 80 countries through subsidiaries Fine Organics (USA) Incorporated, Fine Organics Europe BV, and Fine Organic Industries (SEZ) Private Limited. Recent developments include the July 2025 acquisition of 159.92 acres of land in South Carolina, USA, by its wholly owned subsidiary Fine Organics Americas LLC for a new manufacturing facility; an August 2025 investment of Rs 65 crore in Fine Organic Industries (SEZ) Private Limited to establish a specialty chemicals plant at JNPA SEZ, Maharashtra, following environmental clearance in April 2025; and receipt of USDA Biobased Certification in June 2024 for its BioPlastics Additives range.