Fineotex Chemical Limited is an Indian chemicals company founded in 1979 by Surendra Tibrewala. The company produces specialty chemicals and enzymes for many sectors.
The market capitalisation of Fineotex Chemical Limited is over ₹3,900 crore as of January 4, 2024. Fineotex Chemical share price has gained over 450% in the last three years.
Business operations
Fineotex Chemical’s expertise lies in manufacturing and trading specialised compounds for textile and garment, construction, leather, water treatment, paint, agrochemicals, adhesives and other related industries. Fineotex Chemical is supported by a network of 102 distributors in India and a global footprint spanning 69 countries.
Fineotex has an extensive lineup of over 450 chemicals and enzymes. Its cutting-edge manufacturing facilities are located in Navi Mumbai, India, and Selangor, Malaysia. With its latest establishment in Ambernath, near Mumbai, the company's production capacity has surged to 1,04,000 MT per annum.
In Ambernath, its production facility boasts a current capacity of 40,000 MT per annum, with plans to elevate this capacity to 61,000 MT by 2022-23. The company's facility in Navi Mumbai operates at a current production capacity of 36,500 MT per annum. Its subsidiary, BT Biotex Sdn Bhd in Malaysia, known as Biotex Malaysia Chemicals, currently operates with a production capacity of 6,500 MT per annum.
Biotex, its subsidiary headquartered in Malaysia, engages in research and development initiatives. Biotex ensures top-tier quality in finishing textile chemicals such as water and oil repellents and antimicrobials. It not only engages in textiles but also has a significant presence in select segments of the paint sector.
When it comes to R&D, the company's state-of-the-art laboratories are equipped with cutting-edge instruments such as Brookefield viscometers, refractometers and pilot vessels. It executes pre-treatment, dyeing, printing and finishing process trials efficiently, ensuring thorough evaluation of product performance.
Foreign subsidiaries
Fineotex Malaysia Limited (FML) was established in Labuan, Malaysia, in 2011 within a free trade zone. FML holds controlling interests in three Malaysian companies such as BT Biotex SDN BHD, BT Chemicals SDN BHD, and Rovatex SDN BHD.
Fineotex Malaysia expanded its reach by founding BT Biotex Limited, UAE, in November 2020. Another subsidiary, Fineotex Specialties FZE, initially incorporated in UAE in January 2015, has since been renamed Fineotex Biotex Healthguard FZE following a strategic alliance with HealthGuard.
Indian Subsidiaries
Fineotex Specialities Private Limited was established in September 2020 and is a material subsidiary. On the other hand, Manya Steels Private Limited is an Indian wholly-owned subsidiary acquired for diversification purposes.
Collaborations
HealthGuard:
The company's collaboration with HealthGuard extends its geographic reach and provides sustainable antimicrobial and antiviral chemistries to the market. HealthGuard is an Australian company.
Eurodye-CTC SA, Belgium:
The Eurodye-CTC group is a prominent European brand specialising in textile auxiliaries across 60 countries. The Eurodye-CTC plant, based in Belgium, was acquired from Unilever several decades ago. Eurodye-CTC acquired the business of Stephenson Group UK in 2019, expanding its portfolio to include specialised wool speciality chemicals.
Fineotex Chemical Financial Highlights
- Revenue: Fineotex Chemical reported revenue of ₹805.30 crore in FY26 vs ₹557.64 crore in FY25. It showed an increase of 44.41% on a yearly basis.
- Operating Profit: Fineotex Chemical reported an operating profit of ₹153.03 crore in FY26 vs ₹141.24 crore in FY25. It showed an increase of 8.35% on a year-on-year basis.
- Net Profit: Fineotex Chemical reported a net profit of ₹125.02 crore in FY26 vs ₹109.21 crore in FY25. It showed an increase of 14.48% on a yearly basis.
Fineotex Chemical Quarterly Result Highlights
- Fineotex Chemical reported revenue of ₹386.72 crore in Jun 2026, compared with ₹323.19 crore in Mar 2026, representing an increase of 19.66% on a quarter-on-quarter (QoQ) basis.
- Fineotex Chemical reported an operating profit of ₹64.74 crore in Jun 2026, compared with ₹48.12 crore in Mar 2026, representing an increase of 34.54% on a quarter-on-quarter (QoQ) basis.
- Fineotex Chemical reported a profit of ₹48.21 crore in Jun 2026, compared with ₹43.79 crore in Mar 2026, reflecting an increase of 10.09% on a QoQ basis.
- The earnings per share (EPS) of Fineotex Chemical stood at ₹1.09 during Jun 2026.
Data Source: BSE, Company announcements
Securities shown are illustrative, not recommendations. Past performance does not guarantee future results.
