Fine Organic Industries Ltd. (FINEORG) AI Stock Analysis

• Market Cap: ₹129.91B
• Dividend Yield: 0.26%
• Average Volume (3M): 875.00
• Price to Earnings (P/E): 32.0
• Beta (1Y): 1.09
• Revenue Growth: 5.73%
• EPS Growth: -7.74%
• Country: IN
• Employees: 850
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Chemicals - Specialty
• EPS (TTM): 35.40
• Shares Outstanding: 30,659,975
• 10 Day Avg. Volume: 1,052
• 30 Day Avg. Volume: 875
• PEG Ratio: -92.01
• Price to Book (P/B): 5.51
• Price to Sales (P/S): 5.58
• P/FCF Ratio: 165.59
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹5,365.00
• Price Target Upside: 24.84% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 68 Neutral
• Price Target: ₹4,520.00 ▲(5.18% Upside)

Fine Organic Industries Ltd. has a strong financial foundation with robust profitability and a solid balance sheet. Technical indicators show short-term bullish momentum, but caution is advised due to potential overvaluation and overbought signals. The absence of earnings call data and corporate events limits further insights.

Positive Factors

Balance sheet strength

Low leverage and a high equity ratio provide financial flexibility to fund capex, R&D and working capital without over-reliance on external debt. This structural strength reduces refinancing risk and supports durable investment in capacity and specialty product development over the next 2–6 months.

Sustainable profitability and margins

Healthy gross and net margins indicate persistent pricing power and effective cost control in specialty additives. Margin durability supports reinvestment, R&D and steady cash generation, enabling the company to maintain product development and customer service levels across cycles for durable competitive positioning.

Diversified product and end-market exposure

Serving multiple end-markets with oleochemical and plant-derived additives reduces revenue cyclicality and concentration risk. The renewable feedstock focus aligns with structural sustainability trends, potentially sustaining demand and premium positioning across customer segments over the medium term.

Negative Factors

Operating cash flow weakness

A decline in operating cash flow weakens internally available funds for capex, working capital and shareholder returns. If the reduction persists it could constrain investment in capacity or new product initiatives and increase reliance on external financing, raising structural liquidity risk.

Declining EPS/Net income

Negative EPS growth and a drop in net income signal profit-pressure that may reflect margin compression, cost inflation or mix shifts. Continued earnings erosion would impair ROE and cash conversion, limiting capital allocation choices and jeopardizing sustainable shareholder returns if not reversed.

Exposure to raw material volatility

Reliance on oleochemical feedstocks exposes margins to commodity price swings. Persistent volatility or inability to pass costs through to customers can structurally compress margins and profitability. Long-term resilience depends on procurement, pricing clauses and product differentiation to absorb input shocks.

Fine Organic Industries Ltd. Business Overview & Revenue Model

Company Description

Fine Organic Industries Limited engages in manufacture, processing, supply, distribution, and import of oleochemical-based additives in India and internationally. It offers food additives, such as emulsifiers, antifungal additives, and other specialty additive blends; plastic additives, including dispersing agents, processing aids, anti-stats, flow improvers, lubricants, slip additives, and antifogging additives for polymers, polymer compounds and masterbatches, foamed products, PVC products, and engineering plastics; cosmetic and pharmaceutical additives; coating additives; and additives for other specialty application in various industries. The company was founded in 1970 and is headquartered in Mumbai, India.

How the Company Makes Money

Fine Organic Industries Ltd. generates revenue through the production and sale of a diverse range of specialty chemicals and organic compounds. The company has multiple revenue streams, primarily derived from its core product offerings such as emulsifiers, stabilizers, and other functional ingredients used in food processing and various industrial applications. FINEORG benefits from long-term contracts with key clients in the food and personal care sectors, which provide a stable income base. Additionally, the company has established strategic partnerships with distributors and suppliers, enhancing its market reach and enabling access to new customer segments. The growth in demand for clean-label and natural ingredients further contributes to its earnings, as consumers increasingly prefer products that align with health and wellness trends.

Fine Organic Industries Ltd. Financial Statement Overview

Summary

Fine Organic Industries Ltd. displays commendable financial health with strong profitability, a solid balance sheet, and positive cash flow metrics. Continued focus on maintaining high margins and enhancing cash flow stability will support ongoing growth and shareholder value.

Income Statement

Fine Organic Industries Ltd. has demonstrated a strong revenue growth with a notable increase from the previous year. The gross profit margin and net profit margin remain healthy, indicating effective cost management and profitability. However, there is a slight decline in net income, which may need attention to maintain upward momentum.

Balance Sheet

The balance sheet is robust with a strong equity position relative to debt, as evidenced by a low debt-to-equity ratio. The return on equity is impressive, reflecting efficient utilization of shareholder funds. The high equity ratio further underscores financial stability and low leverage risk, providing a solid foundation for future growth.

Cash Flow

Cash flow statements show adequate free cash flow generation, though there is a noticeable decrease in operating cash flow from the previous year. The free cash flow to net income ratio is positive, indicating good cash generation relative to reported profits. Attention to improving operating cash flow consistency can further enhance financial flexibility.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	23.08B	22.69B	21.23B	30.23B	18.76B	11.33B
Gross Profit	9.19B	9.21B	8.87B	12.24B	6.75B	3.98B
EBITDA	4.94B	5.09B	5.31B	8.30B	3.65B	1.99B
Net Income	4.14B	4.10B	4.12B	6.18B	2.60B	1.20B
Balance Sheet
Total Assets	0.00	25.11B	21.08B	18.07B	12.36B	9.47B
Cash, Cash Equivalents and Short-Term Investments	9.50B	9.50B	10.49B	5.26B	2.33B	2.64B
Total Debt	0.00	27.95M	42.32M	285.25M	585.27M	891.73M
Total Liabilities	-22.95B	2.15B	1.87B	2.65B	2.77B	2.16B
Stockholders Equity	22.95B	22.95B	19.21B	15.41B	9.59B	7.31B
Cash Flow
Free Cash Flow	0.00	764.03M	5.48B	4.04B	56.31M	870.02M
Operating Cash Flow	0.00	2.04B	6.35B	4.85B	669.76M	1.33B
Investing Cash Flow	0.00	-6.69B	-3.91B	-847.45M	-562.86M	-402.58M
Financing Cash Flow	0.00	-343.43M	-585.32M	-686.52M	-681.91M	-398.64M

Fine Organic Industries Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 4297.45
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:FINEORG, the sentiment is Neutral. The current price of 4297.45 is above the 20-day moving average (MA) of 4125.91, above the 50-day MA of 4246.59, and below the 200-day MA of 4593.05, indicating a neutral trend. The MACD of -48.41 indicates Negative momentum. The RSI at 56.09 is Neutral, neither overbought nor oversold. The STOCH value of 62.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:FINEORG.

Fine Organic Industries Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FINEORG	68 Neutral	₹129.91B	32.04	―	0.26%	5.73%	-7.74%
MANORAMA	64 Neutral	₹80.74B	37.97	―	0.04%	89.51%	188.01%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
GALAXYSURF	60 Neutral	₹64.48B	22.51	―	1.07%	22.63%	-8.57%
GODREJAGRO	58 Neutral	₹102.45B	23.53	―	1.92%	5.24%	9.79%
CROMPTON	57 Neutral	₹142.63B	30.16	―	1.16%	0.73%	-5.88%

Fine Organic Industries Ltd. Corporate Events

Fine Organic Industries Ltd. Releases Q2 2025 Financial Results

Fine Organic Industries Ltd. announced the approval of its unaudited financial results for the quarter and half-year ending September 30, 2025, by its Board of Directors. The results, reviewed by the Audit Committee and the company’s statutory auditors, indicate compliance with Indian Accounting Standards and SEBI regulations. This announcement reflects the company’s commitment to transparency and adherence to regulatory standards, potentially impacting its market position and stakeholder confidence positively.

Fine Organic Industries Reports Financial Results and Expands US Operations

Fine Organic Industries Limited reported its unaudited financial results for the quarter and half-year ending September 30, 2025, showing a slight increase in revenue despite a decrease in EBITDA and PAT margins. The company is expanding its operations in the United States with the incorporation of Fine Organics Americas LLC and the acquisition of land in South Carolina, indicating strategic growth plans.

Fine Organic Industries Ltd. to Attend Investor Conference

Fine Organic Industries Ltd. has announced its participation in an investor conference organized by Anand Rathi, scheduled for November 13, 2025. The meeting will be held in person and will involve one-on-one and group discussions based on publicly available information. The company emphasizes that no unpublished price sensitive information will be shared during these interactions, and the investor presentation is accessible on their website and stock exchanges.