Fine Organic Industries Ltd. (IN:FINEORG)
:FINEORG
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Fine Organic Industries Ltd.
(FINEORG)
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Rating:64Neutral
Price Target:
₹4,883.00
▲(13.63% Upside)
Action:Reiterated
Date:05/20/26
The score is primarily supported by strong financial resilience (notably low leverage and solid recent cash generation). However, elevated valuation and a mixed-to-soft technical backdrop (negative MACD and below the 20-day average) meaningfully temper the overall rating.
Positive Factors
Very strong balance sheet (rising equity, low leverage)
Consistently rising equity and very low historical leverage provide durable financial flexibility. This supports sustained capex, R&D, and working-capital needs, lets management withstand demand cycles, and creates headroom for opportunistic investments or M&A without stressing liquidity over the next several quarters.
Negative Factors
Revenue and margin volatility since 2023 peak
A post-2023 normalization in revenue and compressed margins point to less predictable earnings power. Persistent volatility in top-line and margin mix undermines long-term forecasting, can constrain capital allocation decisions, and may require sustained management focus to rebuild consistent margin expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Very strong balance sheet (rising equity, low leverage)
Consistently rising equity and very low historical leverage provide durable financial flexibility. This supports sustained capex, R&D, and working-capital needs, lets management withstand demand cycles, and creates headroom for opportunistic investments or M&A without stressing liquidity over the next several quarters.
Read all positive factors
Fine Organic Industries Ltd. (FINEORG) vs. iShares MSCI India ETF (INDA)
Market Cap
₹140.69B
Dividend Yield0.26%
Average Volume (3M)875.00
Price to Earnings (P/E)42.7
Beta (1Y)1.02
Revenue Growth4.43%
EPS Growth1.60%
CountryIN
Employees850
SectorConsumer Defensive
Sector Strength42
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)130.24
Shares Outstanding30,659,975
10 Day Avg. Volume1,052
30 Day Avg. Volume875
Financial Highlights & Ratios
PEG Ratio18.20
Price to Book (P/B)4.55
Price to Sales (P/S)5.13
P/FCF Ratio34.26
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)134.45
Revenue Forecast (FY)₹25.28B
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 speci...
How the Company Makes Money
Fine Organic Industries primarily makes money by manufacturing and selling specialty chemical additives derived largely from oleochemical (plant- and natural-oil-based) feedstocks to business customers across multiple industries. Its core revenue ...
Fine Organic Industries Ltd. Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
86
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 23.09B | 23.66B | 22.69B | 21.23B | 30.23B | 18.76B |
| Gross Profit | 9.12B | 7.29B | 9.21B | 8.87B | 12.24B | 6.75B |
| EBITDA | 4.99B | 4.83B | 5.09B | 5.31B | 8.30B | 3.65B |
| Net Income | 4.05B | 4.17B | 4.10B | 4.12B | 6.18B | 2.60B |
Balance Sheet | ||||||
| Total Assets | 26.60B | 29.99B | 25.11B | 21.08B | 18.07B | 12.36B |
| Cash, Cash Equivalents and Short-Term Investments | 11.65B | 14.49B | 9.50B | 10.49B | 5.26B | 2.33B |
| Total Debt | 163.69M | 682.04M | 27.95M | 42.32M | 285.25M | 585.27M |
| Total Liabilities | 1.83B | 3.34B | 2.15B | 1.87B | 2.65B | 2.77B |
| Stockholders Equity | 24.77B | 26.65B | 22.95B | 19.21B | 15.41B | 9.59B |
Cash Flow | ||||||
| Free Cash Flow | 1.24B | 3.54B | 764.03M | 5.48B | 4.04B | 56.31M |
| Operating Cash Flow | 1.63B | 4.96B | 2.04B | 6.35B | 4.85B | 669.76M |
| Investing Cash Flow | -1.05B | -4.77B | -6.69B | -3.91B | -847.45M | -562.86M |
| Financing Cash Flow | -269.70M | 13.89M | -343.43M | -585.32M | -686.52M | -681.91M |
Fine Organic Industries Ltd. Technical Analysis
Negative
4297.45
Price Trends
4507.32
Positive
4416.26
Positive
4538.91
Positive
Market Momentum
-1.69
Positive
46.55
Neutral
27.61
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:FINEORG, the sentiment is Negative. The current price of 4297.45 is below the 20-day moving average (MA) of 4715.85, below the 50-day MA of 4507.32, and below the 200-day MA of 4538.91, indicating a neutral trend. The MACD of -1.69 indicates Positive momentum. The RSI at 46.55 is Neutral, neither overbought nor oversold. The STOCH value of 27.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:FINEORG.
Fine Organic Industries Ltd. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹187.09B | -59.47 | ― | 1.16% | 2.95% | -143.51% | |
66 Neutral | ₹91.51B | 297.90 | ― | ― | 11.17% | -1.29% | |
64 Neutral | ₹140.69B | 42.68 | ― | 0.26% | 4.43% | 1.60% | |
63 Neutral | ₹64.75B | 20.08 | ― | 1.07% | 24.26% | -12.32% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
62 Neutral | ₹82.77B | 31.39 | ― | 0.04% | 77.30% | 95.51% | |
61 Neutral | ₹110.52B | 24.53 | ― | 1.92% | 9.06% | 9.97% |
* Consumer Defensive Sector Average
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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.