Arthneeti

Fine Organic Industries Q1 FY27 Share Price & Earnings Call Analysis

₹5,152.00+0.98% today
Market cap
₹15,796 Cr
P/E
36.06
ROE
16.46%
PEG
-2.80
Price to sales
6.38
Debt to equity
0.03
52W high / low
₹5,626 / ₹3,887
Sales growth (5Y)
15.86%
EBITDA margin
21.48%
Net profit margin
17.26%
Promoter holding
75.00%
Sales (last year)
₹2,472 Cr

Fine Organic Industries is engaged in and outside India as manufacturers, processors, suppliers, distributors, dealers, importers, exporters of wide range of oleochemical-based additives used in foods, plastics, cosmetics, coatings and other specialty application in various industries.

Guidance scorecard · Q1 FY27 call

What Fine Organic's management guided
and where it ranks in Chemicals & Petrochemicals

#69of 71 in
Chemicals & Petrochemicals
Revenue0–10%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ4 FY26 call

0–10%
  • Growth expected to be flat for FY'27 and FY'28 due to current plants running at full capacity; no meaningful volume growth until new capacities come online.
  • Post-FY'28, growth anticipated to resume once SEZ plant and U.S. plant are commissioned, enabling incremental volume sales.
  • Any top-line growth before then likely to come from price increases rather than volume expansion.
  • Historical pattern shows phases of capex followed by 1-2 years of strong growth, then flat growth until capacities are fully utilized.
  • Recent delays in land acquisition for new SEZ plant caused growth postponement; new plant capacity expected to unlock further growth.

2 more points from Fine Organic's call on revenue

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Full Q4 FY26 analysis

MarginsQ4 FY26 call

Flat

See what Fine Organic said on margins — free account, 30 seconds.

Full Q4 FY26 analysis

CapexQ4 FY26 call

Planned
  • Thailand and Malaysia expansions planned but delayed due to SEZ focus.
Full Q4 FY26 analysis

FundraisingQ4 FY26 call

See what Fine Organic said on fundraising — free account, 30 seconds.

Full Q4 FY26 analysis

Order bookQ4 FY26 call

  • The company is currently cautious with customer contracts due to raw material price inflation and geopolitical uncertainties.
  • Most contracts are short-term (1-3 months), with customers being cooperative given the unstable situation.
  • New contracts are mostly short-term to manage volatility.
  • Demand remains stable, and domestic customers receive priority supply in case of capacity constraints.

2 more points from Fine Organic's call on the order book

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Full Q4 FY26 analysis
Full Chemicals & Petrochemicals ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Chemicals & Petrochemicals
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Fine Organic rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Chemicals & Petrochemicals companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 0–2%₹263 Cr3.4
240%+Flat₹4,375 Cr83.7
340%+Flat₹3,259 Cr4.0
440%+Flat₹145 Cr15.9
520–40%Up 2%+₹1.81L Cr90.9
620–40%Up 2%+₹48,366 Cr78.3

Sign up free to see every company in the sector ranking and track Fine Organic.

Pro shows every company guiding 40%+ revenue growth →Full Chemicals & Petrochemicals ranking

Financials of Fine Organic

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Fine Organic

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +597547540488547550596517607588597555625
Expenses +395407410371403410446414487466463461496
Operating Profit20214013011714413915010312012313494129
OPM %34%26%24%24%26%25%25%20%20%21%22%17%21%
Other Income +13141717222422252647212135
Interest1111110011003
Depreciation13121415151213131512131418
Profit before tax201143132119150151159115130157142101143
Tax %26%30%22%21%24%25%26%28%25%26%24%27%18%
Net Profit +14910010394115113117839711710974117
EPS in Rs48.7432.5433.7130.7337.3636.9438.3026.9731.6838.1935.4024.1138.32

Financials of Fine Organic

Profit & Loss

Annual income statement trend

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +6607788561,0601,0381,1331,8763,0232,1232,2692,366
Expenses +5146336978278039351,5132,1941,5911,7571,886
Operating Profit146145158234235198363829532512480
OPM %22%19%19%22%23%17%19%27%25%23%20%
Other Income +841620201733647198124
Interest74325655224
Depreciation3024201735474048575256
Profit before tax117121151234216162352841544555543
Tax %35%36%37%40%24%26%26%26%24%26%23%
Net Profit +767895136165120260618412410417
EPS in Rs157.74161.2231.0944.4353.7439.2484.67201.60134.34133.89136.03
Dividend Payout %29%9%23%16%13%28%11%4%7%8%8%

Financials of Fine Organic

Balance Sheet

Capital structure and asset base

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital55151515151515151515
Reserves2493233804856047169441,5261,9062,2802,649
Borrowings +10240541281258959294368
Other Liabilities +63768174108127219237182213266
Total Liabilities4194455307028529481,2361,8072,1082,5112,999
Fixed Assets +125978878217196229214268363390
CWIP63321066261440302762
Investments011111033313139363538
Other Assets +2893343995085976949621,5131,7742,0852,508
Total Assets4194455307028529481,2361,8072,1082,5112,999

Financials of Fine Organic

Cash Flows

Operating, investing and financing cash movement

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +45659821913467485635204430
Cash from Investing Activity +-16-52-93-85-40-32-128-396-676-409
Cash from Financing Activity +-55-1792-37-41-68-69-59-34-0
Net Cash Flow-26-3979853-33289180-50620
Free Cash Flow3413514688640554977288
CFO/OP65%73%79%119%89%41%86%148%68%117%

Financials of Fine Organic

Ratios

Working capital efficiency and return ratios

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days4952625447525942545354
Inventory Days726858507963729178100104
Days Payable5047463051494736414345
Cash Conversion Cycle717275747466849791110113
Working Capital Days80698076636579767710492
ROCE %35%38%44%32%22%39%65%31%26%21%

Guidance history

How Fine Organic's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q4 FY26 call →0–10%FlatPlanned——
Q3 FY26 call →0–10%FlatPlanned——
Q4 FY25 call →10–20%FlatPlannedPlanned—

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

35out of 100

Momentum score · price trend

35 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+14.9%71%
Last 6 months+11.3%68%
Last 3 months+5.6%73%

The price is 27.3% below its all-time high of ₹7,087.75 (23 Sept 2022). Stocks more than 20% below their peak have their score halved, so 70 became 35.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Fine Organic: 0.4 × 71 + 0.4 × 68 + 0.2 × 73 = 70, halved to 35 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Fine Organic's management said in earlier quarters

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