Fine Organic Industries Ltd. (IN:FINEORG)
:FINEORG
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Fine Organic Industries Ltd.
(FINEORG)
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Rating:64Neutral
Price Target:
₹5,637.00
▲(31.17% 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
Strong balance sheet and low leverage
Sustained equity growth and historically minimal leverage provide structural financial flexibility. A large equity base and low net debt reduce refinancing and solvency risk, permit strategic investment or M&A, and buffer the company through cycles, preserving capacity to fund operations and capex.
Negative Factors
Revenue and margin volatility since 2023
Material swings in top-line growth and compressed margins reduce earnings predictability and undermine steady return generation. Structural volatility hampers long-term planning, weakens ability to commit to sustained capex or hiring, and increases execution risk for margin recovery across business cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong balance sheet and low leverage
Sustained equity growth and historically minimal leverage provide structural financial flexibility. A large equity base and low net debt reduce refinancing and solvency risk, permit strategic investment or M&A, and buffer the company through cycles, preserving capacity to fund operations and capex.
Read all positive factors
Fine Organic Industries Ltd. (FINEORG) vs. iShares MSCI India ETF (INDA)
Market Cap
₹159.63B
Dividend Yield0.26%
Average Volume (3M)875.00
Price to Earnings (P/E)38.8
Beta (1Y)1.10
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 Target
₹5,353.00Price Target Upside24.56% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)140.4
Revenue Forecast (FY)₹25.49B
Fine Organic Industries Ltd. Business Overview & Revenue Model
Company Description
Fine Organic Industries Limited is a company specializing in the worldwide production, processing, and trade of oleochemical-based additives. Operating in both India and international markets, their product range encompasses food additives, such a...
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 | 6.03B | 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
Positive
4297.45
Price Trends
4726.67
Positive
4537.44
Positive
4508.29
Positive
Market Momentum
125.07
Negative
73.75
Negative
87.68
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:FINEORG, the sentiment is Positive. The current price of 4297.45 is below the 20-day moving average (MA) of 4755.65, below the 50-day MA of 4726.67, and below the 200-day MA of 4508.29, indicating a bullish trend. The MACD of 125.07 indicates Negative momentum. The RSI at 73.75 is Negative, neither overbought nor oversold. The STOCH value of 87.68 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 | ₹177.95B | -73.67 | ― | 1.16% | 2.95% | -143.51% | |
66 Neutral | ₹91.92B | 56.85 | ― | ― | 11.17% | -1.29% | |
64 Neutral | ₹159.63B | 38.83 | ― | 0.26% | 4.43% | 1.60% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
62 Neutral | ₹69.32B | 25.95 | ― | 1.07% | 24.26% | -12.32% | |
62 Neutral | ₹92.29B | 42.97 | ― | 0.04% | 77.30% | 95.51% | |
61 Neutral | ₹110.92B | 23.48 | ― | 1.92% | 9.06% | 9.97% |
* Consumer Defensive Sector Average
IN:FINEORG
Fine Organic Industries Ltd.
5,206.60
457.93
9.64%
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Fine Organic Industries Ltd. Corporate Events
Fine Organic Warns Investors of Imminent Transfer of Unclaimed Shares to IEPF
Jun 1, 2026
Fine Organic Industries has notified shareholders that equity shares linked to dividends remaining unclaimed for seven consecutive years will be transferred to the Investor Education and Protection Fund in line with Indian company law and IEPF rul...
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.