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Fine Organic Industries Ltd Performance

Today's Low
4,329.80
arrowIcon
Today's High
4,458.00
52 Wk Low
4,021.00
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52 Wk High
5,164.90


Open

4379.3

Traded Value (Cr)

11.26 Cr

Prev. Close

4379.3

VWAP

4391.8

Volume

30,950

Face Value

5

Fine Organic Industries Ltd Fundamentals

Market Cap
₹ 13,409 Cr
P/E Ratio (TTM)
30.01
P/B Ratio
7.83
Debt to Equity
0.01
ROE
26.78 %
EPS (TTM)
145.72
Dividend Yield
0.21%
Book Value
558.79

Click here to know more about Fundamentals

Fine Organic Industries Ltd Financials

Fine Organic Industries Ltd Financials

Fine Organic Industries Ltd Shareholding Pattern

Held By Dec 2023 Sep 2023 Jun 2023 Mar 2023
Promoters 75.00 % 75.00 % 75.00 % 75.00 %
Mutual Funds 11.40 % 11.77 % 11.90 % 11.74 %
Retail 8.21 % 7.71 % 7.58 % 6.75 %
FII 3.59 % 3.78 % 3.78 % 4.83 %
Others 1.81 % 1.73 % 1.74 % 1.68 %

Promoters

75.00%

Mutual Funds

11.40%

Retail

8.21%

FII

3.59%

Others

1.81%

Promoters

75.00%

Mutual Funds

11.77%

Retail

7.71%

FII

3.78%

Others

1.73%

Promoters

75.00%

Mutual Funds

11.90%

Retail

7.58%

FII

3.78%

Others

1.74%

Promoters

75.00%

Mutual Funds

11.74%

Retail

6.75%

FII

4.83%

Others

1.68%

Resistance and Support

₹4,366.93

PIVOT

resistance-arrow
Resistance
First Resistance₹4,426.217
Second Resistance₹4,473.133
Third Resistance₹4,532.417
support-arrow
Support
First Resistance₹4,320.017
Second Resistance₹4,260.733
Third Resistance₹4,213.817
RSI70.795
MACD130.584
ADX33.452
CCI108.233

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day30,95010,81941.78
Week18,68210,50949.98
1 Month26,23414,58854.94
6 Months30,95016,08851.98

About Fine Organic Industries Ltd

Fine Organic Industries is a pioneer and the largest producer of oleochemical-based additives in India and a key producer globally. The Company produces a wide range of specialty plant derived oleochemicals-based additives used in the foods, polymers, plastic, cosmetics, personal care, paint, ink, coatings feed nutrition and other specialty application in various industries. It is the first largest producer of to introduce slip additives in India. Its facilities are located at Ambernath, Badlapur and Dombivali, producing over 450 specialty additives. The Company has a dedicated research and development (R&D) centre located in Mahape, Navi Mumbai. The Company provides specialised products and technical services to the end-user industry, reinforced by inhouse manufacturing and design/engineering facilities, well equipped R&D, and a techno-commercial approach. As at 31st March 2023, the Company had a range of over 470 different products sold under the Fine Organics' brand and 850+ direct customers (i.e., end-users) and over 180 distributors (who sold its products to more than 5,000 customers) from more than 80 countries. Ramesh Maganlal Shah and Prakash Damodar Kamat founded Fine Organic Industries' in early 1970 at Mumbai, which was registered in 1973 as a partnership firm under the Indian Partnership Act, 1932. It commissioned its first facility in Dombivli MIDC Industrial Area in 1973, i.e. the Dombivli Facility which carried out processing and supply of food additives in Gujarat and Maharashtra. In 1975, Mukesh Maganlal Shah joined the partnership firm and expanded the business across India. Thereafter, in 1982, then existing partners incorporated a private limited company at Mumbai under the name of Smoothex Chemicals Private Limited' for further expansion of the business. In 1988, the partnership firm had set up a production facility of various specialty additives i.e. the Second Ambernath Facility. Subsequently, Smoothex Chemicals expanded the production facilities in Malaysia and Thailand in 1990 and 1993, respectively. Further, the then existing partners founded another partnership firm in the name of Olefine Organics' for enhancing the capacity in order to meet the market demands. In 1995, the then existing promoters incorporated another private limited company under the name of Oleofine Organics (India) Private Limited for expanding the capacity for polymer additives. Fine Organic Industries Limited (FOIL) was originally incorporated as a private limited company on May 24, 2002 at Mumbai under the name 'Fine Organic Industries (Mumbai) Private Limited'. The Company got converted into a public limited company and the name of Company was changed to Fine Organic Industries Limited with effect from November 2, 2017. A plot of MIDC land of 39,412 square metre at Additional Ambernath was procured under a lease for 95 years. In 2003, then existing promoters incorporated another private company under the name of 'Fine Research & Development Centre Private Limited' for undertaking dedicated research and development in their existing products, and established the Research and Development Centre in Navi Mumbai. In the First Ambernath Facility, the company commissioned a fatty acids esters facility in 2006. In 2008, the company commissioned a polymer additives unit at its First Ambernath Facility. In January 2009, the name of the Company was changed to Fine Organic Industries Private Limited for a better depiction of the nature and scale of operations and the business of the Company which is not limited to Mumbai only, as contained in the original name, with effect from February 16, 2009. In 2010, polymer additives capacity was expanded at the company's First Ambernath Facility. Pursuant to the order passed by the High Court of Bombay on June 17, 2011, Oleofine Organics (India) Private Limited was amalgamated with the Company. In 2012, the company commissioned additional food and polymer additives unit at its First Ambernath Facility. In 2013, the Company incorporated its wholly owned Subsidiary at the United States of America. In 2014, the Company established Joint Venture with Zeelandia International at Mumbai to manufacture food premixes and to maximize the benefits of synergies. In 2015, the company commissioned additional food and polymer capacity at its First Ambernath Facility. In 2016, the Company incorporated its wholly owned Subsidiary in Europe. Pursuant to the order passed by the National Company Law Tribunal, Mumbai on June 19, 2017, Fine Speciality Surfactants Private Limited, a company incorporated on August 19, 1987, and engaged in the manufacture, distribution and production of speciality chemicals, and Fine Research & Development Centre Private Limited were amalgamated with the Company. Thereafter, on July 18, 2017, the Company has sub-leased the facility and general plant and machinery at Dombivli, MIDC from Fine Organic Industries partnership firm pursuant to the leave and license agreement. In 2018, the company signed a joint venture agreement with Germany's Adcotec for application, development, marketing, distribution and sales activities of food and food additives. The company launched an initial public offer (IPO) during the period from 20 June 2018 to 22 June 2018. The IPO comprised of offer for sale of 76.64 lakh shares by promoters. There was no fresh issue of shares by the company. The IPO was priced at Rs 783 per share. The stock made its debut on the bourses on 2 July 2018. On 13 July 2018, Fine Organic Industries informed the stock exchanges that it has signed agreement with Citi Bank N.A., Jersey Branch for availing external commercial borrowing of USD 18.75 million to finance the capital expenditure of the Company. During the FY 2017-18, pursuant to the resolutions passed by the Board of Directors at its meeting held on 5th July, 2017 and the scheme of amalgamation, 2,80,000 equity shares of face value of Rs 10 each were allotted to the shareholders of Fine Speciality Surfactants Private Limited and Fine Research and Development Centre Private Limited. Further, pursuant to a resolution passed by our Shareholders on 22nd September, 2017 in their Extra-Ordinary General Meeting, for issue of Bonus shares in the proportion of two equity shares for every one equity share, 1,02,19,992 equity shares were allotted to the shareholders as of the record date, being 10th August, 2017 pursuant to the resolution passed by the Board in its meeting held on 16th October, 2017. The Company carries on business, in India and abroad, as manufacturers, processors, suppliers, distributors, dealers, importers, exporters of flavours, perfumes and flavouring chemicals, oil and colours, surface active agents, emulsifiers, preservatives, clouding agents, textile auxiliaries, lubricants, oleo chemicals and their derivatives, fatty acids and their derivatives, salt and esters. It also develops, processes, manufactures, deals in and carries on business in India and abroad in fine and heavy chemicals, oils, fats, dyes, dyestuffs, dye retardants, dye assistants, organic and inorganic chemicals. As on March 31, 2021, the Company has two subsidiaries i.e. Fine Organics (USA), Inc. and Fine Organics Europe BV and two joint venture companies i.e. Fine Zeelandia Private Limited and FineADD Ingredients GmbH. On May 6, 2021, Company executed Joint Venture Agreement with Oleofine Organics Thailand Co., Ltd. (OFT) and Oleofine Organics Sdn. Bhd. (OFM) for incorporation of a new Joint Venture Company (JVC) in Thailand to carry on the business of manufacturing of Speciality Chemical products and supplying, exporting and distribution of such products. A joint venture company, Fine Organic Industries (Thailand) Co., Ltd. was incorporated on May 31, 2021. Further, the Board in its meeting held on November 11, 2021 approved the termination of Joint Venture Agreement with Adcotech GmbH for the Company i.e. FineADD Ingredients GmbH subject to the completion of applicable regulatory formalities. As on March 31, 2022, the Company has two subsidiaries i.e. Fine Organics (USA), Inc. and Fine Organics Europe BV and three joint venture companies i.e. Fine Zeelandia Private Limited, FineADD Ingredients GmbH and Fine Organic Industries (Thailand) Co., Ltd. In 2022-23, the Company commissioned new Fine Organics plants at Ambernath, Badlapur, Dombivli and Patalganga.

Managing Director

Mukesh Maganlal Shah

Founded

2002

NSE Symbol

FINEORG

Fine Organic Industries Ltd Management

NameDesignation
Mukesh Maganlal ShahChairman / Executive Director
Jayen Ramesh ShahED / WTD / CEO / Promoter
Tushar Ramesh ShahED / WTD / CFO / Promoter
Bimal Mukesh ShahWTD & Executive Director
Prakash ApteIndependent Non Exe. Director
KAUSHIK DWARKADAS SHAHIndependent Non Exe. Director
MAHESH PANSUKHLAL SARDAIndependent Non Exe. Director
Thiruvengadam PIndependent Non Exe. Director
PRATIMA MADHUKAR UMARJIIndependent Non Exe. Director
Nikhil Dattatraya KamatExecutive Director

Fine Organic Industries Ltd News

Fine Organics declines as PAT skid 11% YoY in Q3 FY24
Fine Organic Industries decreased 3.14% to Rs 4,522.75 after the specialty chemical maker reported 11.32% fall in consolidated net profit to Rs 94.21 crore in Q3 FY23 as compared with Rs 106.23 crore in Q3 FY22.
Fine Organic Industries consolidated net profit declines 11.32% in the December 2023 quarter
Sales decline 35.70% to Rs 488.40 crore
Fine Organic Industries to convene board meeting
On 2 February 2024
Fine Organic Industries consolidated net profit declines 48.99% in the September 2023 quarter
Sales decline 41.20% to Rs 540.49 crore
Fine Organic Industries to convene board meeting
On 30 October 2023
Fine Organic Industries incorporates a wholly owned subsidiary
Fine Organic Inds gains on incorporating wholly owned subsidiary
Fine Organic Industries rose 1.29% to Rs 4,901.85 after the company has incorporated a wholly owned subsidiary Fine Organic Industries (SEZ) in India.
Fine Organic Industries consolidated net profit declines 37.57% in the June 2023 quarter
Sales decline 26.82% to Rs 547.17 crore
Fine Organic Industries to convene board meeting
On 26 July 2023
Fine Organic Industries schedules AGM
On 24 August 2023

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Fine Organic Industries Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Fine Organic Industries Ltd shares in BlinkX

The share price of any stock is volatile and changes during the day due to a variety of variables. Fine Organic Industries Ltd's share price is ₹4,348.10 as of April 12, 2024

Fine Organic Industries Ltd's P/E ratio is 30.01 times as of April 12, 2024.

Fine Organic Industries Ltd's most recent financial reports indicate a price-to-book ratio of 7.83, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Fine Organic Industries Ltd's market is 13,410 Cr as on April 12, 2024.

The current financial records of Fine Organic Industries Ltd show a 26.78% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

The 52-week high/low price of a Fine Organic Industries Ltd stock is the highest and lowest price at which it has traded over that period (about one year) and is used as a technical indicator. Fine Organic Industries Ltd's 52-week high and low as of April 12, 2024 are ₹4458 and ₹4329.8 respectively.

As of the Dec 2023 quarter, the promoter shareholding in Fine Organic Industries Ltd stands at 75.00%. During the same period, Institutional Investors have shown a slight decrease in their holdings, dropping from 3.78% to 3.59%.