1. Fineotex Chemical
stock logo

Fineotex Chemical Share Price

FCL

₹390.15+₹13.55 (3.60%) TodayLast updated on 21 Jun, 2024 | 03:59 PM IST
₹387.25₹404.00
L
Show Current Price
H
  • News

  • Company overview

  • Fundamentals

  • Events

  • More

Company overview

Financial performance

arrow

Market cap

Market Cap Switch₹4,010 Crs

Open

₹391.95

Close

₹376.60

Circuit range

₹451.90 - ₹301.30

Day range

₹387.25 - ₹404.00

Year range

₹266.00 - ₹458.85

Volume

18,68,029

Avg. traded

₹393.96

Revenue (12m)

₹569 Crs

Fineotex Chemical

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.

Financial highlights

Fineotex Chemical's revenue from operations for FY23 stood at ₹517 crore, up 40.5% from ₹368.23 crore in FY22. The net profit after tax for FY23 was ₹89.6 crore compared to ₹56.9 crore during the previous year. In FY23, the earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 58.1% from FY22. The company's earnings per share (EPS) stood at ₹7.97 in FY23 compared to ₹4.97 in the previous financial year.

Fineotex Chemical Key indicators

arrow

52 week high

₹458.85

52 week low

₹266.00

P/E ratio

33.17

P/B ratio

8.34

ROE

21.19%

ROCE

27.29%

Dividend yield

0.42%

Debt/Equity ratio

0.03

EPS

4.7

Learn more

Investment checklist: (4/6)

arrow
check status

Equity returns

check status

Dividend returns

check status

Safety factor

check status

Growth factor

check status

Debt vs Equity

check status

Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Fundamentals

Financial ratios

arrow
  • Profitability

  • Operational

  • Valuation

Operating profit margin

24.24%

Net profit margin

17.6%

ROE

21.19%

ROA

17.54%

ROCE

27.29%

Learn more

Fineotex Chemical Shareholder returns

arrow

1 day

+1.03%

1 week

-1.68%

1 month

-0.04%

3 months

+2.54%

1 year

+19.64%

3 years

+305.47%

5 years

+929.04%

Fineotex Chemical Share Price history

arrow
DayOpenCloseDay’s change
Thu, Jun 20 2024
₹359.75
₹376.60
+4.71%
Wed, Jun 19 2024
₹357.50
₹359.65
+1.03%
Tue, Jun 18 2024
₹360.00
₹356.00
-0.81%
Fri, Jun 14 2024
₹358.00
₹358.90
+0.52%
Thu, Jun 13 2024
₹360.20
₹357.05
-0.76%
Wed, Jun 12 2024
₹366.40
₹359.80
-1.64%
Tue, Jun 11 2024
₹368.25
₹365.80
+0.03%
Mon, Jun 10 2024
₹360.25
₹365.70
+2.42%

Shareholding info

arrow

Promoters (65.03%)

Mutual Funds (3.7%)

Retail and other (29.82%)

Foreign institutions-FII (1.45%)

Other domestic institutions (0%)

Promoters

Learn more

Events

Corporate actions

arrow
  • Dividend • ₹1.2/share

    Ex date 26 Feb 2024

    expand tab
  • Dividend • ₹0.8/share

    Ex date 08 Sep 2023

    expand tab
  • Dividend • ₹0.4/share

    Ex date 28 Jul 2022

    expand tab

Learn more

Frequently asked questions