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Fine Organic Industries (FINEORG) had a P/E of 32.3× on 6 Nov 2026, above the industry P/E of 22.1×, and the shares are 10% below their 52-week high. It earns ROCE of 20% and ROE of 18%, and sales and net profit fell 8.2% and 12% a year over 3 years. It has almost no debt, and its dividend yield is 0.2%. It is a small-cap company with a market cap of ₹15,561 Cr, ranked 13th of 204 Specialty Chemicals companies by market cap; the shares rose 17% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹5,165.00
Day high
₹5,168.00
Day low
₹5,021.00
Prev. close
₹5,168.00
Volume
13.2K

Health check

1 good · 3 fair · 2 to check
  • ReturnsIn line

    +17.3% over a year, better than 4 of 7 peers.

  • Price tagPricier

    P/E 32.3 vs industry 22.1.

  • GrowthShrinking

    Sales −8.2%, profit −12.3% a year over 3 years.

  • ProfitabilityAverage

    ROCE 20.0% vs peer median 24.4%.

  • Balance sheetFair

    Debt 0.06× equity, interest covered 402.4×, Piotroski 4 of 9.

  • Red flagsNone found

    No warning signs in the headline numbers.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Specialty Chemicals

203 listed peers. Screen the industry

Small cap

₹15,561 Cr, #13 of 204 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹2,598 Cr · profit ₹482 Cr
Market cap
₹15,561 Cr
Small cap
P/E
32.3
Industry 22.1
Price to book
5.31
Peers 13.33
Dividend yield
0.22%
ROE
17.7%
Peers 23.0%
ROCE
20.0%
Peers 24.4%
Debt to equity
0.06
Debt ₹176 Cr
EPS (TTM)
₹157.10
Face value ₹5
OPM (TTM)
22.5%
Net margin 18.5%
Sales growth
+22.1%
Latest quarter vs a year ago
Profit growth
+40.2%
Latest quarter vs a year ago
Price to sales
5.99
EV/EBITDA 24.9

Strengths and risks

Strengths

  • Practically debt-free.
  • Quarterly profit up 40.2% on a year ago.
  • Quarterly sales up 22.1% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Fine Organic Industries

Fine Organic Industries Limited engages in manufacture, processing, supply, distribution, dealing, import, and export of oleochemical-based additives in India and internationally. The company offers food ingredient, such as emulsifiers, antifungal agents, bakery products, starch complexity agents, viscosity modifiers, anti-blooming agents, anti-splattering agents, crystal promoters, and anti-foam agents. It also provides polymer additives, including…

Headquarters
Mumbai
Employees
938
Sector
Basic Materials
ISIN
INE686Y01026
Website
fineorganics.com

Price range

52 weeks

₹3,856.00₹5,666.00

Today

₹5,021.00₹5,168.00
Avg volume (3M)
30.8K
1-year return
plus 17.3%
From 52-week high
minus 10.4%

Analyst consensus

11 analysts
BuyMean target ₹5,459.27 plus 7.6%

Target range, with today’s price

Low ₹4,007.00High ₹6,629.00

Consensus from Yahoo Finance. Not a recommendation.

Peers · Specialty Chemicals

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
ASIANPAINTAsian Paints2,546.00plus 0.88%2,44,02550.535.024.4%18.9%0.211.1%plus 1.5%
SOLARINDSSolar Industries India18,608.00plus 0.48%1,68,38474.464.129.5%27.8%0.2212.4%plus 35.9%
PIDILITINDPidilite Industries1,579.00plus 1.63%1,60,82760.044.428.5%23.5%0.037.4%plus 6.8%
LINDEINDIALinde India6,859.00plus 8.73%58,496118.464.216.3%31.5%0.23–plus 5.4%
BERGEPAINTBerger Paints India478.35minus 5.28%55,77645.429.420.6%15.3%0.154.2%minus 6.0%
FLUOROCHEMGujarat Fluorochemicals4,665.50minus 0.94%51,25175.944.09.6%24.1%0.26−4.5%plus 28.0%
ACUTAASAcutaas Chemicals3,786.60plus 0.42%31,00170.964.127.7%39.4%0.0129.4%plus 105.6%
FINEORGFine Organic Industries5,075.50minus 1.79%15,56132.329.120.0%21.7%0.06−8.2%plus 17.3%
Median of 7 peers–0.48%58,49670.944.424.4%24.1%0.215.8%6.8%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrSep 25Dec 25Mar 26Jun 26Sep 26
597555625694729
462460495518544
13594.4130176185
22.6%17.0%20.8%25.3%25.4%
20.120.633.722.328.2
0.40.52.70.92.1
12.813.81813.814.4
142101143184197
23.6%26.6%17.7%24.7%22.6%
10973.9117138152
35.4024.1138.3245.0649.62

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
−8.2%
Profit CAGR 3Y
−12.3%
EPS CAGR 3Y
−12.3%
ROE
17.7%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
3,0292,1232,2602,346
–minus 29.9%+6.5%+3.8%
2,1921,5871,7471,858
837535513488
27.6%25.2%22.7%20.8%
53.967.394.2109
2.50.90.31.4
47.956.652.256.4
0.3−0.80.63.7
841544555543
26.5%24.3%26.1%23.2%
618412410417
–minus 33.4%minus 0.3%+1.6%
201.60134.34133.89136.03

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
15.315.315.315.3
1,5261,9062,2802,649
28.54.22.868.2
237182206266
1,8072,1082,5042,999
281347416526
68.980.455.1139
7.312.221250.8
5231,0489501,448
926620871835
1,8072,1082,5042,999

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
485635204430
−84.7−391−668−409
−68.7−58.5−34.7−0.2
332185−49920.2
−81.1−86.4−128−142
40454876.4288
−27.6−27.6−30.7−33.7

Shareholding pattern

Source: NSE filings
75.0%
promoters
  • Promoters75.00%
  • Public25.00%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202675.00%25.00%0.00
30 Jun 202675.00%25.00%0.00
31 Mar 202675.00%25.00%0.00
31 Dec 202575.00%25.00%0.00
30 Sep 202575.00%25.00%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you