Sector Alpha

Track where the smart money flows in Indian equities

DashboardWeekly UpdateUploadPipelinePE CyclesBrainAbout

Data updated weekly. Not financial advice.

Sector Alpha
  1. Home
  2. /Momentum
  3. /Chemicals - Organic
  4. /Fine Organic Industries Ltd
MomentumDeep Value

Fine Organic Industries Ltd: Stock Analysis & Fundamentals

Updated this week

Fine Organic Industries Ltd (Chemicals - Organic) — fundamental analysis, earnings data, and key metrics. PE: 31.1. ROE: 19.5%. This stock is not currently in the Nifty 500 momentum outperformers list.

What's Happening

📊Debt increased 433% YoY — leverage rising

Earnings Acceleration Triggers

1. Amanat plant commissioning (10-40 cr capacity expansion)
Q4 FY26MEDIUM
2. Premium hygiene segment recovery
Q4 FY26MEDIUM
3. Export market expansion (48% of revenue)
OngoingHIGH

Key Risks

1. Severe margin compression (17.01% OPM)
HIGH
2. Working capital deterioration
MEDIUM
3. Domestic market stagnation
MEDIUM

Key Numbers

Current Price
₹3,970
Dividend Yield
0.28%
Market Cap
12.2K Cr
Valuation
N/A

Why Are Fine Organic Industries Ltd's Earnings Accelerating?

Based on Q3 FY26 earnings • Updated Feb 28, 2026

Amanat plant commissioning (10-40 cr capacity expansion)

Expected: Q4 FY26MEDIUM confidence+₹35 Cr revenue

What: New state-of-the-art plant addressing organic requirements with potential for incremental capacity

Impact: +₹35 Cr revenue

“Sanjay Tibrewala: 'we have commissioned our new plant, Amanat plant which is one of the largest land parcels and the one of the best state of the art investment... there can be a little bit more requirement, let's say 10, 20, 30, 40 crores'”

Premium hygiene segment recovery

Expected: Q4 FY26MEDIUM confidence+₹25 Cr revenue

What: Return to growth in higher-margin segment after demand normalization

Impact: +₹25 Cr revenue

“Sanjay Tibrewala: 'The quarter three was much better than quarter one and two in the premium hygiene segment... Everything is behind us now'”

Export market expansion (48% of revenue)

Expected: OngoingHIGH confidence+₹55 Cr revenue

What: Strategic international business growth with revenue up 46% YoY

Impact: +₹55 Cr revenue

“Sanjay Tibrewala: 'our export share has increased significantly to 48% in quarter three financial year 26 from 25% last quarter'”

What Are the Key Risks for Fine Organic Industries Ltd?

Earnings deceleration risks from management commentary

Severe margin compression (17.01% OPM)

HIGH

Trigger: Continued raw material cost pressure

Impact: -300 bps margin impact

Management view: Sanjay Tibrewala: 'Even in nine months we are 36%. Earlier it was 38%'

Monitor: Gross margin trajectory

Working capital deterioration

MEDIUM

Trigger: Inventory buildup or receivables pressure

Impact: -50 bps margin impact

Management view: Not directly addressed in transcripts

Monitor: Cash conversion cycle

Domestic market stagnation

MEDIUM

Trigger: Continued weak domestic demand

Impact: -100 bps margin impact

Management view: Incomplete commentary suggesting domestic challenges

Monitor: Domestic revenue growth rate

What Is Fine Organic Industries Ltd's Management Saying?

Key quotes from recent conference calls

“we have commissioned our new plant, Amanat plant which is one of the largest land parcels and the one of the best state of the art investment which we have done recently. So that is also taking care of our requirements organically there can be a little bit more requirement, let's say 10, 20, 30, 40 crores, something like that. — Sanjay Tibrewala”
“Even in nine months we are 36%. Earlier it was 38%. — Sanjay Tibrewala”
“The quarter three was much better than quarter one and two in the premium hygiene segment also. So we believe that there were, you know all the low demand. Everything is behind us now and way forward. We are looking forward for great opportunities coming up and there are a lot many more products that come. — Sanjay Tibrewala”
“We are cracking a lot many bigger accounts now. So there is a lot of action going on right now. And this is, this is one of those months where basically the cleaning operations generally happen more just before the summers and the summers. — Sanjay Tibrewala”

What Is Fine Organic Industries Ltd's Management Guidance?

Forward-looking targets from management for 2-4 quarters

Management Tone: CAUTIOUS

Key Milestones

• Amanat plant ramp-up to full capacity

• Premium hygiene segment recovery

• Export market expansion

The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Feb 28, 2026.

Other Top Chemicals - Organic Stocks Beating Nifty 500

Shri Ahimsa Naturals Ltd
Average
+11.0%
← Back to Chemicals - OrganicDashboard

Frequently Asked Questions: Fine Organic Industries Ltd

Based on publicly available financial data. This is educational research, not investment advice.

What were Fine Organic Industries Ltd's latest quarterly results?

Fine Organic Industries Ltd's latest quarterly results (Dec 2025) show

  • PAT Growth YoY: -10.8%
  • Revenue Growth YoY: +7.4%
  • Operating Margin: 17.0%

What is Fine Organic Industries Ltd's current PE ratio?

Fine Organic Industries Ltd's current PE ratio is 31.1x.

  • Current PE: 31.1x
  • Market Cap: 12.2K Cr
  • Dividend Yield: 0.28%

What is Fine Organic Industries Ltd's price-to-book ratio?

Fine Organic Industries Ltd's price-to-book ratio is 4.9x.

  • Price-to-Book (P/B): 4.9x
  • Book Value per Share: ₹808
  • Current Price: ₹3970

Is Fine Organic Industries Ltd a fundamentally strong company?

Fine Organic Industries Ltd's fundamental strength based on key financial ratios

  • Return on Capital (ROCE): 26.0%

Is Fine Organic Industries Ltd debt free?

Fine Organic Industries Ltd has a debt-to-equity ratio of N/A.

  • Total Debt: ₹3 Cr

What is Fine Organic Industries Ltd's return on equity (ROE) and ROCE?

Fine Organic Industries Ltd's return ratios over recent years

  • FY2023: ROCE 65.0%
  • FY2024: ROCE 31.0%
  • FY2025: ROCE 26.0%

Is Fine Organic Industries Ltd's cash flow positive?

Fine Organic Industries Ltd's operating cash flow is positive (FY2025).

  • Cash from Operations (CFO): ₹204 Cr
  • Free Cash Flow (FCF): ₹-472 Cr
  • CFO/PAT Ratio: 50% (adequate)

What is Fine Organic Industries Ltd's dividend yield?

Fine Organic Industries Ltd's current dividend yield is 0.28%.

  • Dividend Yield: 0.28%
  • Current Price: ₹3970

Who holds Fine Organic Industries Ltd shares — promoters, FII, DII?

Fine Organic Industries Ltd's shareholding pattern (Dec 2025)

  • Promoters: 75.0%
  • FII (Foreign): 4.4%
  • DII (Domestic): 11.8%
  • Public: 8.8%

Is promoter holding increasing or decreasing in Fine Organic Industries Ltd?

Fine Organic Industries Ltd's promoter holding has remained stable recently.

  • Current Promoter Holding: 75.0% (Dec 2025)
  • Previous Quarter: 75.0% (Sep 2025)
  • Change: 0.00% (stable)

Is Fine Organic Industries Ltd a new momentum entry or an established outperformer?

Fine Organic Industries Ltd is an established outperformer with 1 weeks of consecutive Nifty 500 outperformance.

What are the growth catalysts for Fine Organic Industries Ltd?

Fine Organic Industries Ltd has 3 key growth catalysts identified from recent earnings analysis

  • Amanat plant commissioning (10-40 cr capacity expansion)
  • Premium hygiene segment recovery
  • Export market expansion (48% of revenue)

What are the key risks in Fine Organic Industries Ltd?

Fine Organic Industries Ltd has 3 key risks worth monitoring

  • Severe margin compression (17.01% OPM)
  • Working capital deterioration
  • Domestic market stagnation

What did Fine Organic Industries Ltd's management say in the latest earnings call?

In Q3 FY26, Fine Organic Industries Ltd's management highlighted

  • "we have commissioned our new plant, Amanat plant which is one of the largest land parcels and the one of the best state of the art investment which we..."
  • "Even in nine months we are 36%. Earlier it was 38%. — Sanjay Tibrewala"
  • "The quarter three was much better than quarter one and two in the premium hygiene segment also. So we believe that there were, you know all the low de..."

What is Fine Organic Industries Ltd's management guidance for growth?

Fine Organic Industries Ltd's management has provided the following forward guidance for 2-4 quarters

  • Management tone: cautious
  • Milestone: Amanat plant ramp-up to full capacity
  • Milestone: Premium hygiene segment recovery

Is Fine Organic Industries Ltd worth studying for long term investment?

Based on quantitative research signals, here is why Fine Organic Industries Ltd may be worth studying

  • Cash flow is positive — CFO ₹204 Cr

What is the investment thesis for Fine Organic Industries Ltd?

Fine Organic Industries Ltd investment thesis summary:

Research Signals (Bull Case)

  • Growth catalyst: Amanat plant commissioning (10-40 cr capacity expansion)

Risk Factors (Bear Case)

  • Key risk: Severe margin compression (17.01% OPM)

What is the future outlook for Fine Organic Industries Ltd?

Fine Organic Industries Ltd's forward outlook based on current data signals

  • Key Catalyst: Amanat plant commissioning (10-40 cr capacity expansion)
  • Key Risk: Severe margin compression (17.01% OPM)

The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.