Fineotex Chemical (FCL) had a P/E of 40.3× on 6 Nov 2026, above the industry P/E of 22.1×, and the shares are 17% below their 52-week high. Sales and net profit grew 14% and 7.2% a year over 3 years; its ROCE of 16% is the second-lowest among the 7 largest Specialty Chemicals peers. It carries very little debt, and its dividend yield is 0.3%. It is a small-cap company with a market cap of ₹6,003 Cr, ranked 33rd of 204 Specialty Chemicals companies by market cap; the shares rose 85% over the past year.
- ₹52.08
- ₹53.13
- ₹50.36
- ₹53.56
- 92 L
Health check
- ReturnsAhead
+84.6% over a year, better than 6 of 7 peers.
- Price tagPricier
P/E 40.3 vs industry 22.1.
- GrowthSteady
Sales +14.3%, profit +7.2% a year over 3 years.
- ProfitabilityWeak
ROCE 16.1% vs peer median 24.4%.
- Balance sheetStretched
Practically debt-free, Piotroski 2 of 9.
- Red flags1 to check
P/E of 40.3 against an industry P/E of 22.1.
Small cap
Defensive
Key metrics
- Market cap
- ₹6,003 Cr
- Small cap
- P/E
- 40.3
- Industry 22.1
- Price to book
- 4.86
- Peers 13.33
- Dividend yield
- 0.25%
- ROE
- 13.5%
- Peers 23.0%
- ROCE
- 16.1%
- Peers 24.4%
- Debt to equity
- 0.01
- Debt ₹8.20 Cr
- EPS (TTM)
- ₹1.28
- Face value ₹1
- OPM (TTM)
- 16.7%
- Net margin 12.1%
- Sales growth
- +174.8%
- Latest quarter vs a year ago
- Profit growth
- +54.8%
- Latest quarter vs a year ago
- Price to sales
- 5.93
- EV/EBITDA 28.7
Strengths and risks
Strengths
- Practically debt-free.
- Quarterly profit up 54.8% on a year ago.
- Quarterly sales up 174.8% on a year ago.
Risks to check
- P/E of 40.3 against an industry P/E of 22.1.
About Fineotex Chemical
Fineotex Chemical Limited manufactures and sells textile chemicals, auxiliaries, and specialty chemicals in India, Malaysia, and the United States. The company provides textile chemicals for pre-treatment, dyeing, printing, and finishing processes, as well as enzymes; water treatment chemicals; and oilfield chemicals, such as drilling fluids, cementing fluids, production chemicals, and fracturing solutions. It also offers home and personal care chemical…
- Headquarters
- Mumbai
- Employees
- 214
- Sector
- Basic Materials
- ISIN
- INE045J01034
- Website
- fineotex.com
Price range
- Avg volume (3M)
- 2.1 Cr
- 1-year return
- plus 84.6%
- From 52-week high
- minus 17.4%
Peers · Specialty Chemicals
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ASIANPAINTAsian Paints | 2,546.00 | plus 0.88% | 2,44,025 | 50.5 | 35.0 | 24.4% | 18.9% | 0.21 | 1.1% | plus 1.5% |
| SOLARINDSSolar Industries India | 18,608.00 | plus 0.48% | 1,68,384 | 74.4 | 64.1 | 29.5% | 27.8% | 0.22 | 12.4% | plus 35.9% |
| PIDILITINDPidilite Industries | 1,579.00 | plus 1.63% | 1,60,827 | 60.0 | 44.4 | 28.5% | 23.5% | 0.03 | 7.4% | plus 6.8% |
| LINDEINDIALinde India | 6,859.00 | plus 8.73% | 58,496 | 118.4 | 64.2 | 16.3% | 31.5% | 0.23 | – | plus 5.4% |
| BERGEPAINTBerger Paints India | 478.35 | minus 5.28% | 55,776 | 45.4 | 29.4 | 20.6% | 15.3% | 0.15 | 4.2% | minus 6.0% |
| FLUOROCHEMGujarat Fluorochemicals | 4,665.50 | minus 0.94% | 51,251 | 75.9 | 44.0 | 9.6% | 24.1% | 0.26 | −4.5% | plus 28.0% |
| ACUTAASAcutaas Chemicals | 3,786.60 | plus 0.42% | 31,001 | 70.9 | 64.1 | 27.7% | 39.4% | 0.01 | 29.4% | plus 105.6% |
| FCLFineotex Chemical | 51.55 | minus 3.75% | 6,003 | 40.3 | 43.5 | 16.1% | 16.7% | 0.01 | 14.3% | plus 84.6% |
| Median of 7 peers | – | 0.48% | 58,496 | 70.9 | 44.4 | 24.4% | 24.1% | 0.21 | 5.8% | 6.8% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 137 | 138 | 184 | 314 | 377 | |
| 112 | 107 | 149 | 270 | 317 | |
| 25.2 | 31 | 34.8 | 43.7 | 59.1 | |
| 18.4% | 22.5% | 19.0% | 13.9% | 15.7% | |
| 9.1 | 7.7 | 6.7 | 9.5 | 10.1 | |
| 0.2 | 0.3 | 0.2 | 0.6 | 0.1 | |
| 2.7 | 3 | 3.3 | 4.4 | 4.4 | |
| 31.5 | 35.4 | 38 | 48.1 | 64.7 | |
| 20.5% | 26.3% | 20.8% | 9.0% | 25.5% | |
| 24.8 | 26 | 26.3 | 31.6 | 38.4 | |
| 1.09 | 0.23 | 0.26 | 0.38 | 0.41 |
Profit & loss
- Sales CAGR 3Y
- +14.3%
- Profit CAGR 3Y
- +7.2%
- EPS CAGR 3Y
- −50.9%
- ROE
- 13.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 516 | 568 | 532 | 771 | |
| – | +10.1% | minus 6.3% | +45.0% | |
| 403 | 419 | 404 | 634 | |
| 113 | 149 | 128 | 137 | |
| 21.9% | 26.2% | 24.0% | 17.7% | |
| 2.9 | 2.6 | 3.8 | 15.1 | |
| 0.2 | 0.3 | 0.2 | 0.6 | |
| 4.3 | 6 | 9.2 | 13.4 | |
| 3.4 | 12.8 | 19.1 | 15.3 | |
| 115 | 158 | 141 | 153 | |
| 22.0% | 23.2% | 22.7% | 18.3% | |
| 88.3 | 120 | 108 | 109 | |
| – | +35.7% | minus 9.7% | +0.5% | |
| 7.97 | 10.82 | 0.95 | 0.94 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 22.1 | 22.2 | 22.9 | 116 | |
| 327 | 425 | 708 | 766 | |
| 7.3 | 5.2 | 0.2 | 8.2 | |
| 66.8 | 95.9 | 83.1 | 269 | |
| 423 | 548 | 815 | 1,159 | |
| 93.5 | 123 | 195 | 198 | |
| 4.7 | 4.1 | 34.3 | 6.7 | |
| 89.3 | 108 | 330 | 290 | |
| 50.7 | 73.9 | 33 | 66.6 | |
| 185 | 240 | 222 | 598 | |
| 423 | 548 | 815 | 1,159 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 107 | 97 | 69.3 | −23.8 | |
| −102 | −46.5 | −273 | 105 | |
| −6.4 | −23.9 | 176 | −62.5 | |
| −1 | 26.6 | −26.7 | 18.9 | |
| −19.4 | −47.9 | −67.6 | −24.6 | |
| 87.8 | 49.1 | 1.8 | −48.4 | |
| −5.9 | −22.6 | −9.2 | −14.1 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 2.2% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.