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Last Updated: April 2, 2026, 2:31 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 541557 | NSE: FINEORG

Fine Organic Industries Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹4,132.49Fairly Valued by 0.76%vs CMP ₹4,164.00

P/E (32.7) × ROE (19.5%) × BV (₹808.00) × DY (0.26%)

₹2,187.80Overvalued by 47.46%vs CMP ₹4,164.00
MoS: -90.3% (Negative)Confidence: 63/100 (Moderate)Models: 1 Fair, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹4,498.2022%Fair (+8%)
Graham NumberEarnings₹1,533.6716%Over (-63.2%)
Earnings PowerEarnings₹1,203.9711%Over (-71.1%)
DCFCash Flow₹2,043.9513%Over (-50.9%)
Net Asset ValueAssets₹805.867%Over (-80.6%)
EV/EBITDAEnterprise₹2,196.689%Over (-47.2%)
Earnings YieldEarnings₹1,293.807%Over (-68.9%)
ROCE CapitalReturns₹1,445.739%Over (-65.3%)
Revenue MultipleRevenue₹1,107.295%Over (-73.4%)
Consensus (9 models)₹2,187.80100%Overvalued
Key Drivers: Wide model spread (₹806–₹4,498) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 8.8%

*Investments are subject to market risks

Investment Snapshot

67
Fine Organic Industries Ltd scores 67/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health88/100 · Strong
ROCE 26.4% ExcellentROE 19.5% ExcellentD/E 0.07 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 75.0% Stable
Earnings Quality50/100 · Moderate
OPM stable around 24% Steady
Quarterly Momentum50/100 · Moderate
Revenue (4Q): +6% YoY GrowingProfit (4Q): -8% YoY Declining
Industry Rank85/100 · Strong
P/E 32.7 vs industry 143.3 Cheaper than peersROCE 26.4% vs industry 13.8% Above peersROE 19.5% vs industry 10.0% Above peers3Y sales CAGR: 7% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:31 am

Market Cap 12,799 Cr.
Current Price 4,164
Intrinsic Value₹2,187.80
High / Low 5,494/3,355
Stock P/E32.7
Book Value 808
Dividend Yield0.26 %
ROCE26.4 %
ROE19.5 %
Face Value 5.00
PEG Ratio3.70

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Fine Organic Industries Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Fine Organic Industries Ltd 12,799 Cr. 4,164 5,494/3,35532.7 8080.26 %26.4 %19.5 % 5.00
BASF India Ltd 14,162 Cr. 3,272 5,424/2,90736.7 8810.61 %18.0 %13.7 % 10.0
Alkyl Amines Chemicals Ltd 6,727 Cr. 1,315 2,449/1,21237.2 2820.76 %18.7 %14.0 % 2.00
Elantas Beck India Ltd 6,592 Cr. 8,315 14,250/7,11144.6 1,2720.09 %21.2 %15.8 % 10.0
Foseco India Ltd 3,483 Cr. 4,621 6,846/3,25142.5 1,3790.54 %16.3 %11.9 % 10.0
Industry Average4,113.08 Cr1,348.11143.25384.560.50%13.78%9.96%7.56

All Competitor Stocks of Fine Organic Industries Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 919760597547540488547550596517607588597
Expenses 665600395407410371403410446414487466463
Operating Profit 254159202140130117144139150103120123134
OPM % 28%21%34%26%24%24%26%25%25%20%20%21%22%
Other Income 19151314171722242225264721
Interest 1111111100110
Depreciation 12121312141515121313151213
Profit before tax 260161201143132119150151159115130157142
Tax % 22%34%26%30%22%21%24%25%26%28%25%26%24%
Net Profit 203106149100103941151131178397117109
EPS in Rs 66.0934.6548.7432.5433.7130.7337.3636.9438.3026.9731.6838.1935.40

Last Updated: January 2, 2026, 5:05 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 18, 2026, 1:15 pm

MetricMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 6607788561,0601,0381,1331,8763,0232,1232,2692,347
Expenses 5146336978278039351,5132,1941,5911,7571,877
Operating Profit 146145158234235198363829532512470
OPM % 22%19%19%22%23%17%19%27%25%23%20%
Other Income 841620201733647198115
Interest 74325655222
Depreciation 3024201735474048575253
Profit before tax 117121151234216162352841544555530
Tax % 35%36%37%40%24%26%26%26%24%26%
Net Profit 767895136165120260618412410397
EPS in Rs 157.74161.2231.0944.4353.7439.2484.67201.60134.34133.89129.38
Dividend Payout % 29%9%23%16%13%28%11%4%7%8%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)2.63%21.79%43.16%21.32%-27.27%116.67%137.69%-33.33%-0.49%
Change in YoY Net Profit Growth (%)0.00%19.16%21.36%-21.83%-48.60%143.94%21.03%-171.03%32.85%

Fine Organic Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2016-2017 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:17%
3 Years:7%
TTM:9%
Compounded Profit Growth
10 Years:%
5 Years:20%
3 Years:17%
TTM:-4%
Stock Price CAGR
10 Years:%
5 Years:13%
3 Years:-7%
1 Year:-9%
Return on Equity
10 Years:%
5 Years:28%
3 Years:28%
Last Year:19%

Last Updated: September 4, 2025, 9:35 pm

Balance Sheet

Last Updated: December 4, 2025, 12:51 am

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 55151515151515151515
Reserves 2493233804856047169441,5261,9062,2802,462
Borrowings 10240541281258959294316
Other Liabilities 63768174108127219237182213167
Total Liabilities 4194455307028529481,2361,8072,1082,5112,660
Fixed Assets 125978878217196229214268363373
CWIP 63321066261440302736
Investments 011111033313139363534
Other Assets 2893343995085976949621,5131,7742,0852,218
Total Assets 4194455307028529481,2361,8072,1082,5112,660

Reserves and Borrowings Chart

Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 45659821913467485635204
Cash from Investing Activity + -16-52-93-85-40-32-128-396-676
Cash from Financing Activity + -55-1792-37-41-68-69-59-34
Net Cash Flow -26-3979853-33289180-506
Free Cash Flow 3413514688640554977
CFO/OP 65%73%79%119%89%41%86%148%68%

Free Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow44.00105.00104.00106.00110.00109.00304.00800.00528.00509.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 49526254475259425453
Inventory Days 726858507963729178100
Days Payable 50474630514947364143
Cash Conversion Cycle 717275747466849791110
Working Capital Days 806980766365797677104
ROCE %35%38%44%32%22%39%65%31%26%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%
FIIs 4.84%3.78%3.78%3.58%4.47%4.94%4.88%5.22%4.66%4.80%4.57%4.43%
DIIs 12.09%12.24%12.17%11.84%10.76%11.12%11.56%11.52%12.04%11.94%12.02%11.80%
Public 8.07%8.99%9.05%9.58%9.77%8.92%8.56%8.27%8.31%8.26%8.41%8.78%
No. of Shareholders 1,16,9101,34,2611,35,2521,41,3701,46,6861,31,4941,22,4821,15,4331,12,5541,05,09797,99293,942

Shareholding Pattern Chart

No. of Shareholders

Fine Organic Industries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Small Cap Fund 785,023 0.51 333.11752,7642025-12-08 07:42:134.29%
SBI Small Cap Fund 666,183 0.82 282.68700,0002025-12-06 00:21:08-4.83%
Axis Small Cap Fund 633,550 1.05 268.83713,3502025-12-06 00:21:08-11.19%
Axis Midcap Fund 307,724 0.42 130.58307,7242025-04-22 15:57:010%
Axis Flexi Cap Fund 303,189 1.02 128.65304,1682025-12-07 10:03:29-0.32%
ICICI Prudential Pharma Healthcare & Diagnostics (P.H.D) Fund 170,399 1.09 72.31N/AN/AN/A
UTI Small Cap Fund 93,777 0.88 39.7946,6842025-12-08 01:35:25100.88%
ICICI Prudential Multicap Fund 58,586 0.16 24.8657,4242026-02-20 02:26:222.02%
WhiteOak Capital Flexi Cap Fund 38,114 0.23 16.17N/AN/AN/A
Mahindra Manulife Manufacturing Fund 22,325 1.38 9.47N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 5.005.005.005.005.00
Basic EPS (Rs.) 133.89134.34201.6084.7139.25
Diluted EPS (Rs.) 133.89134.34201.6084.7139.25
Cash EPS (Rs.) 151.21153.52217.8098.0654.93
Book Value[Excl.RevalReserv]/Share (Rs.) 748.61626.57502.69312.85238.57
Book Value[Incl.RevalReserv]/Share (Rs.) 748.61626.57502.69312.85238.57
Revenue From Operations / Share (Rs.) 740.10692.42986.00611.96369.61
PBDIT / Share (Rs.) 199.11197.62291.99129.6770.56
PBIT / Share (Rs.) 182.06179.31276.37116.6655.31
PBT / Share (Rs.) 181.34178.33274.88114.9953.31
Net Profit / Share (Rs.) 134.16135.20202.1885.0439.68
NP After MI And SOA / Share (Rs.) 133.89134.34201.6084.6739.24
PBDIT Margin (%) 26.9028.5429.6121.1819.09
PBIT Margin (%) 24.5925.8928.0219.0614.96
PBT Margin (%) 24.5025.7527.8718.7914.42
Net Profit Margin (%) 18.1219.5220.5013.8910.73
NP After MI And SOA Margin (%) 18.0919.4020.4413.8310.61
Return on Networth / Equity (%) 17.8821.4440.1027.0616.45
Return on Capital Employeed (%) 24.3028.5854.9436.3021.39
Return On Assets (%) 16.3519.5434.2120.9912.70
Long Term Debt / Equity (X) 0.000.000.000.020.07
Total Debt / Equity (X) 0.000.000.010.060.07
Asset Turnover Ratio (%) 0.981.082.011.711.24
Current Ratio (X) 8.469.135.373.534.01
Quick Ratio (X) 6.767.713.682.603.20
Inventory Turnover Ratio (X) 7.283.077.207.445.95
Dividend Payout Ratio (NP) (%) 7.466.694.4612.997.64
Dividend Payout Ratio (CP) (%) 6.625.894.1411.265.50
Earning Retention Ratio (%) 92.5493.3195.5487.0192.36
Cash Earning Retention Ratio (%) 93.3894.1195.8688.7494.50
Interest Coverage Ratio (X) 278.05249.04195.7377.8235.30
Interest Coverage Ratio (Post Tax) (X) 188.34171.61136.5252.0320.84
Enterprise Value (Cr.) 11296.8811309.9212708.8812135.046792.44
EV / Net Operating Revenue (X) 4.985.334.206.475.99
EV / EBITDA (X) 18.5018.6714.2030.5231.40
MarketCap / Net Operating Revenue (X) 5.405.824.376.566.18
Retention Ratios (%) 92.5393.3095.5387.0092.35
Price / BV (X) 5.346.438.5712.839.57
Price / Net Operating Revenue (X) 5.405.824.376.566.18
EarningsYield 0.030.030.040.020.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Fine Organic Industries Ltd. is a Public Limited Listed company incorporated on 24/05/2002 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L24119MH2002PLC136003 and registration number is 136003. Currently Company is involved in the business activities of Manufacture of organic and inorganic chemical compounds. Company's Total Operating Revenue is Rs. 2205.19 Cr. and Equity Capital is Rs. 15.33 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Chemicals - Organic - OthersFine House, Anandji Street, Mumbai Maharashtra 400077Contact not found
Management
NamePosition Held
Mr. Mukesh ShahChairman & Wholetime Director
Mr. Jayen ShahManaging Director
Mr. Tushar ShahWholeTime Director & CEO
Mr. Bimal ShahExecutive Director
Mr. Nikhil KamatExecutive Director
Mr. Kaushik ShahIndependent Director
Mr. Mahesh SardaIndependent Director
Mr. Thiruvengadam ParthasarathiIndependent Director
Ms. Pratima UmarjiIndependent Director
Mr. Prakash ApteIndependent Director
Ms. Rashi MehtaIndependent Director

FAQ

What is the intrinsic value of Fine Organic Industries Ltd and is it undervalued?

As of 19 April 2026, Fine Organic Industries Ltd's intrinsic value is ₹2187.80, which is 47.46% lower than the current market price of ₹4,164.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (19.5 %), book value (₹808), dividend yield (0.26 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Fine Organic Industries Ltd?

Fine Organic Industries Ltd is trading at ₹4,164.00 as of 19 April 2026, with a FY2026-2027 high of ₹5,494 and low of ₹3,355. The stock is currently in the middle of its 52-week range. Market cap stands at ₹12,799 Cr..

How does Fine Organic Industries Ltd's P/E ratio compare to its industry?

Fine Organic Industries Ltd has a P/E ratio of 32.7, which is below the industry average of 143.25. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Fine Organic Industries Ltd financially healthy?

Key indicators for Fine Organic Industries Ltd: ROCE of 26.4 % indicates efficient capital utilization; ROE of 19.5 % shows strong shareholder returns. Dividend yield is 0.26 %.

Is Fine Organic Industries Ltd profitable and how is the profit trend?

Fine Organic Industries Ltd reported a net profit of ₹410 Cr in Mar 2025 on revenue of ₹2,269 Cr. Compared to ₹260 Cr in Mar 2022, the net profit shows an improving trend.

Does Fine Organic Industries Ltd pay dividends?

Fine Organic Industries Ltd has a dividend yield of 0.26 % at the current price of ₹4,164.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Fine Organic Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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