Fineotex Chemical Ltd.
Snapshot View

180.95 +4.85 ▲2.8%

20 May 2022, 12:14:42 PM
Volume: 140,427

Overview View Details

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Website http://www.fineotex.com
Market Cap 1,944.19 Cr.
Enterprise Value(EV) 1,924.07 Cr. 2022-03
Financial Indicators
Earnings per share (EPS) 4.98 Trailing Twelve Months Ending 2022-03
Price-Earning Ratio (PE) 35.53 Trailing Twelve Months Ending 2022-03
Industry PE 30.73 Trailing Twelve Months Ending 2022-03
Book Value / Share 23.67 Trailing Twelve Months Ending 2022-03
Price to Book Value 7.48 Calculated using Price: 177.00
Dividend Yield 0.23 Period Ending 2021-03
No. of Shares Subscribed 11.07 Cr. 110,748,420 Shares
FaceValue 2
Company Profile

Fineotex Chemical Limited (FCL) was incorporated as a private limited company under the Companies Act 1956, on January 30, 2004 in the State of Maharashtra and its constitution was changed to a public limited company vide a new certificate of incorporation dated October 19, 2007. It is promoted by the members of the Tibrewala family, the company is in the business of manufacturing specialty chemicals and enzymes. The registered and corporate office of the company is situated at 42 and 43 Manorama Chambers, S.V. Road, Bandra West Mumbai 400 050.

The company has acquired the business of Fineotex Chemical Industries, a proprietorship concern of Surendra Kumar Tibrewala, which was set up in the year 1995 at Mahape, MIDC in Navi Mumbai. Fineotex Chemical Industries was engaged in the manufacturing of specialty chemicals for Textile and Garment Industry (right from Pre-treatment Chemicals to finishing products), Leather Industry, Agrochemical Industry, Paper Industry, Paint Industry, Construction chemicals, Wood and Sticker Industry etc. It also manufactured various value added specialty chemicals and enzymes.

The company acquired the business of Fineotex Chemical Industries by executing the deed of Assignment dated April 1, 2007 for a lump sum cash consideration of Rs 3 crore only and acquired all assets and liabilities related to the business. Pursuant to this deed of assignment, the proprietor of Fineotex Chemical Industries was allotted 30, 00,000 equity shares of Rs 10 each of Fineotex Chemical Limited.

The company proposes to set up a manufacturing facility for the production of specialty chemicals and enzymes with a capacity of 13,125 MT/annum in and around Khopoli in Maharashtra and to set up a sales office at Mumbai. Setting up this project would be a step towards expansion of current business i.e. manufacturing of specialty chemicals and enzymes for construction, textile and garments, leather and water treatment industry. This expansion would help us tap the potential of the increasing demand of the specialty chemicals in the above industries.

Business area of the company

The company manufactures specialty chemicals consumed by textile and garment industry, leather, construction, adhesives paper, water treatment, agrochemicals, paint and other industries. The company’s existing plant is located at A - 699 and A - 700, TTC Industrial Area, Mahape, Navi Mumbai, District Thane. Its products have an established international market in countries like Bangladesh, Indonesia, Bulgaria, Pakistan, Colombia, Singapore, etc. Also, the company’s products are sold in Indian cities like Mumbai, Balotra Bhilwara, Delhi, Ludhiana, Tirupur, Karur, Erode, etc.

Milestones

  • 1995: Incorporation of Fineotex Chemical Industries (FCI)
  • 2003: FCI received ISO 9001:2000 from JAS-ANZ Certification
  • 2003: Registered Trademark for ‘FINEOTEX’
  • 2004: Incorporation of Fineotex Chemical Private Limited
  • 2007: Acquisition of business of Fineotex Chemical Industries by Fineotex Chemical Private Limited
  • 2007: Converted to Public Limited Company
  • 2007: FCL received ISO 9001:2000 from JAS-ANZ Certification

 

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+2.75%
1 Week
+11.77%
1 Month
-19.54%
3 Month
+7.71%
6 Month
+50.54%
1 Year
+126.19%
2 Year
+652.39%
5 Year
+404.04%
10 Year
9 years 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 14.74 12.72 20.69 23.52 28.53 19.31 16.52 8.71 23.51
Return on Capital Employed (%) 18.81 17.44 28.01 33.92 37.14 27.16 22.86 13.54 29.35
Return on Assets (%) 10.21 9.28 15.55 18.42 22.94 15.95 13.68 7.12 18.78

Balance Sheet View Details

Particulars 10 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03* Rs. Cr.
Shh. Funds 58 65 76 91 112 136 159 170 209 262
Non Curr. Liab. 3 0 0 0 0 0 1 0 1 2
Curr. Liab. 17 18 19 18 20 19 29 31 50 68
Minority Int. 4 4 5 5 7 6 6 6 7 7
Equity & Liab. 81 87 100 114 140 161 195 207 267 340
Non Curr. Assets 20 22 55 64 81 89 86 92 103 108
Curr. Assets 62 65 45 50 59 72 108 115 164 232
Misc. Exp. not W/O
Total Assets 81 87 100 114 140 161 195 207 267 340

Profit Loss View Details

Particulars 10 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03 Rs. Cr. TTM
Net Sales 96 87 102 110 127 141 182 196 219 368
Other Income 3 3 5 2 10 5 1 2 17 6
Total Income 98 89 107 112 137 146 183 198 236 374
Total Expenditure -86 -77 -85 -82 -98 -111 -148 -162 -178 -297
PBIDT 12 12 21 30 39 35 35 36 58 77
Interest -1 0 0 0 0 -1 -1 -1 -1 -1
Depreciation 0 0 -1 -1 -1 -1 -1 -1 -1 -3
Taxation -3 -3 -6 -9 -9 -10 -9 -8 -11 -16
Exceptional Items 0 0 -13
PAT 8 8 15 20 29 24 24 14 45 57
Minority Interest -1 -1 -2 -3 -3 -1 -2 -1 -2 -2
Share Associate
Other Related Items
Consolidated Net Profit 7 7 13 17 26 23 23 13 43 55
Adjusted EPS 1 1 1 2 2 2 2 1 4 5

Cash Flow View Details

Particulars 10 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. 5 4 1 14 14 19 6 12 28 9
Cash Fr. Inv. -10 1 12 -12 -10 -11 -9 4 -19 -7
Cash Fr. Finan. 3 -3 -4 -3 -1 -6 -4 -3 -4 -4
Net Change -2 2 9 -1 2 2 -7 13 5 -2
Cash & Cash Eqvt 1 3 12 9 9 8 4 17 23 21

Shareholding Pattern View Details

9 Qtrs 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 71.42 71.42 71.78 64.72 64.74 64.82 64.82 64.82 64.82
Public 28.58 28.58 28.22 35.28 35.26 35.18 35.18 35.18 35.18
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Wed, 18 May 2022
Resignation
Fineotex Chemical Limited has informed the Exchange about resignation of Announcement under Regulation 30 (LODR) as Independent Director of the company w.e.f. 16-May-2022
Tue, 17 May 2022
Resignation
Fineotex Chemical Limited has informed the Exchange about resignation of Announcement under Regulation 30 (LODR) as Independent Director of the company w.e.f. 16-May-2022
Fri, 13 May 2022
Related Party Transaction
Fineotex Chemical Limited has informed the Exchange about related party transaction for the period ended March 2022

Technical Scans View Details

Thu, 19 May 2022
Close Crossing Last Month Low Close Crossing Last Month Low
Closing Below Previous Low Closing Below Previous Low
Increasing Relative Strength - Sectoral Index Increasing Relative Strength - Sectoral Index
High Decrease 1 Month High Decrease 1 Month
High Increase 6 Months High Increase 6 Months

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