Fineotex Chemical Limited (IN:FCL)
:FCL
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Fineotex Chemical Limited
(FCL)
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Rating:76Outperform
Price Target:
₹44.00
▲(79.67% Upside)
Action:Reiterated
Date:05/26/26
The score is driven primarily by strong underlying profitability and a solid, low-leverage balance sheet, tempered by a significant deterioration in cash generation (negative operating and free cash flow in FY2026). Technicals are strong with price well above major moving averages, but momentum is somewhat stretched, and valuation is only moderately supportive given the low dividend yield.
Positive Factors
Conservative balance sheet & low leverage
Very low leverage and material equity growth provide durable financial flexibility. Strong historic ROEs (~21%–27% earlier) imply efficient capital use, enabling the company to fund working capital, absorb cyclical shocks, and pursue growth or capex without overreliance on costly external financing.
Negative Factors
Deteriorating cash conversion
Negative operating cash flow and two years of negative free cash flow indicate working capital or reinvestment is consuming profits. This reduces internal funding for dividends, capex or inventories and raises dependence on the balance sheet or external financing, a medium-term liquidity risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet & low leverage
Very low leverage and material equity growth provide durable financial flexibility. Strong historic ROEs (~21%–27% earlier) imply efficient capital use, enabling the company to fund working capital, absorb cyclical shocks, and pursue growth or capex without overreliance on costly external financing.
Read all positive factors
Fineotex Chemical Limited (FCL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹45.67B
Dividend Yield0.65%
Average Volume (3M)239.10K
Price to Earnings (P/E)30.0
Beta (1Y)1.25
Revenue Growth44.79%
EPS Growth14.20%
CountryIN
Employees205
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)6.60
Shares Outstanding1,164,500,900
10 Day Avg. Volume23,734
30 Day Avg. Volume239,105
Financial Highlights & Ratios
PEG Ratio-0.20
Price to Book (P/B)2.18
Price to Sales (P/S)2.49
P/FCF Ratio-40.31
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.1
Revenue Forecast (FY)₹6.80B
Fineotex Chemical Limited Business Overview & Revenue Model
Company Description
Founded in 1979 and based in Mumbai, India, Fineotex Chemical Limited is a global manufacturer and distributor of a broad spectrum of specialty and auxiliary chemicals. The company develops tailored chemical solutions for the textile industry, cov...
How the Company Makes Money
FCL makes money primarily by selling specialty chemicals (manufactured in-house) to industrial customers, with revenue recognized from the sale of these products. The core revenue stream is the textile segment: FCL supplies textile auxiliaries and...
Fineotex Chemical Limited Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
91
Very Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.20B | 7.72B | 5.33B | 5.69B | 5.17B | 3.67B |
| Gross Profit | 1.94B | 2.01B | 2.06B | 2.17B | 1.78B | 1.30B |
| EBITDA | 1.41B | 1.35B | 1.52B | 1.65B | 1.13B | 767.24M |
| Net Income | 984.00M | 1.09B | 1.08B | 1.20B | 883.16M | 551.74M |
Balance Sheet | ||||||
| Total Assets | 8.78B | 11.59B | 8.15B | 5.48B | 4.22B | 3.39B |
| Cash, Cash Equivalents and Short-Term Investments | 640.69M | 732.33M | 330.01M | 735.06M | 611.90M | 308.35M |
| Total Debt | 297.00K | 81.96M | 2.17M | 51.90M | 72.80M | 19.08M |
| Total Liabilities | 898.43M | 2.19B | 757.59M | 945.90M | 659.02M | 700.96M |
| Stockholders Equity | 7.79B | 8.82B | 7.31B | 4.47B | 3.49B | 2.62B |
Cash Flow | ||||||
| Free Cash Flow | 81.22M | -476.20M | -73.46M | 494.76M | 887.62M | -91.37M |
| Operating Cash Flow | 200.95M | -222.29M | 693.34M | 973.81M | 1.08B | 133.75M |
| Investing Cash Flow | -51.66M | 987.46M | -2.73B | -468.50M | -1.03B | -7.44M |
| Financing Cash Flow | -49.37M | -611.54M | 1.76B | -239.11M | -64.39M | -56.59M |
Fineotex Chemical Limited Technical Analysis
Positive
24.49
Price Trends
29.15
Positive
25.97
Positive
25.31
Positive
Market Momentum
3.05
Positive
60.19
Neutral
20.30
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:FCL, the sentiment is Positive. The current price of 24.49 is below the 20-day moving average (MA) of 37.32, below the 50-day MA of 29.15, and below the 200-day MA of 25.31, indicating a bullish trend. The MACD of 3.05 indicates Positive momentum. The RSI at 60.19 is Neutral, neither overbought nor oversold. The STOCH value of 20.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:FCL.
Fineotex Chemical Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹45.67B | 29.96 | ― | 0.65% | 44.79% | 14.20% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | ₹40.99B | 23.26 | ― | ― | 1.67% | -1.21% | |
56 Neutral | ₹24.03B | 0.44 | ― | ― | -8.84% | 1863.82% | |
56 Neutral | ₹35.40B | 33.06 | ― | 0.39% | 40.79% | 61.94% | |
55 Neutral | ₹12.18B | 41.80 | ― | ― | ― | ― | |
40 Underperform | ₹20.70B | -12.35 | ― | 0.43% | -11.11% | -340.74% |
* Basic Materials Sector Average
IN:FCL
Fineotex Chemical Limited
39.22
13.08
50.04%
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IN:TIRUMALCHM
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171.70
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-41.78%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.