Established in 1970, Fine Organics was the brainchild of Ramesh Shah, a Mumbai-based businessman with expertise in chemical trading, and Prakash Kamat, a technocrat. United by their vision for the potential of derivatives derived from natural oils, they co-founded Fine Organics. The company was initially known as Fine Organic Industries.
Fine Organics introduced specialty additives to the Indian market. Leveraging raw materials sourced from locally grown plants and employing highly automated facilities, the company ensured a level of quality consistency that met global benchmarks.
Fine Organics specialises in the development of additives tailored for a range of industrial applications. From plastics, packaging, and foods to cosmetics, rubbers, feed nutrition and coatings, the company’s solutions have found their way into daily lives.
The market capitalisation of the company is over ₹15,000 crore as of December 30, 2023. Fine Organics share price has gained over 98% in three years.
Fine Organics has a comprehensive product line comprising more than 470 items, serving a vast network through over 180 distributors. The company operates from seven manufacturing facilities. Its global footprint extends to over 80 countries. The Fine Organics’ team includes over 25 scientists and technologists who work at the company’s R&D centre.
Fine Organics’ array of additives are used in various industries:
These additives ensure that food products remain fresh and of high quality while also extending their shelf life. The end-use applications of Fine Organics’ food additives include bakery, confectionery, oil and fats, dairy products and beverages.
Fine Organics’ polymer additives are used in packaging films, bottle caps, wires and cables, furniture components, automobile parts, and pipes and fittings.
These additives step in as alternatives to harmful antibiotics. They are used particularly in poultry feeds and cattle feeds.
Fine Organics offers emollients to the cosmetic industry, facilitating the creation of goods such as lotions, gels, pastes and creams. In addition to improving sensory perception and the chemical stability of sensitive active agents, these additives provide long-term physical stability during transportation and storage.
The longevity and look of coatings are enhanced by these compounds. The company also provides a large selection of specialist additives such as automotive lubricants, printing inks and coating material.
Fine Organics net revenue in FY23 was ₹3,029 crore, an increase of 63% compared to ₹1,858 crore in the previous fiscal year. Around 68% of the total revenue in FY23 came from export sales. The net profit after tax in FY23 was ₹591 crore, an increase of 136% from ₹251 crore in FY22. The company’s EBITDA (earnings before interest, taxes, depreciation, and amortization) was ₹781 crore in FY23, an increase of 124% compared to ₹349 crore in FY22. The EBITDA margin stood at 26% in FY23, as compared to 18.75% in FY22. Fine Organics’ earnings per share (EPS) increased to 201.6 in FY23, an increase of 138% compared to 84.71 in FY22.
As of 25 May 2026, Fine Organic share price is ₹4,535.10. The stock opened at ₹4,690.00, compared to its previous close of ₹4,604.10. During today's trading session, Fine Organic share price moved in the range of ₹4,534.40 to ₹4,690.00, with an average price of ₹4,612.20 for the day. Looking at its last 52-week, the stock has touched a low of ₹4,534.40 and a high of ₹4,690.00. On the performance front, Fine Organic share price has increased by 3.35% over the last six months and is down 0.98% on a year-on-year basis.
The market capitalization of Fine Organic is ₹14,119 Crs, with a P/E ratio of 33.9 and a dividend yield of 0.24%.