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Last Updated on: 25 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Fundamental Analysis of Fineotex Chemical Ltd

About the Company - Fineotex Chemical Ltd

Fineotex Chemical Ltd. is a Public Limited Listed company incorporated on 30/01/2004 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L24100MH2004PLC144295 and registration number is 144295. Currently Company is involved in the business activities of Manufacture of chemical products or preparations of a kind used in the textiles, paper, leather and like industries. Company’s Total Operating Revenue is Rs. 250.08 Cr. and Equity Capital is Rs. 22.15 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Chemicals - Speciality - Others42 & 43, Manorama Chambers, Mumbai Maharashtra 400050info@fineotex.com
http://www.fineotex.com
Management
NamePosition Held
Mr. Surendrakumar TibrewalaChairman & Managing Director
Mr. Sanjay TibrewalaExecutive Director & CFO
Mrs. Aarti JhunjhunwalaExecutive Director
Mrs. Bindu ShahIndependent Director
Dr. Sunil WaghmareIndependent Director
Mr. Alok DhanukaIndependent Director
Mr. Navin MittalIndependent Director

Basic Stock Data of Fineotex Chemical Ltd

Last Updated: July 24, 2024, 11:20 pm

Market Cap 4,077 Cr.
Current Price 368
High / Low459/274
Stock P/E34.0
Book Value 40.4
Dividend Yield0.33 %
ROCE38.7 %
ROE30.1 %
Face Value 2.00
PEG Ratio0.66

Data Source: screener.in

Fineotex Chemical Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales58756378105121136134109138132145138
Expenses45625364801001101098110510110798
Operating Profit14131015252226252933323840
OPM %23%17%16%19%24%18%19%19%26%24%24%26%29%
Other Income5331101222445
Interest0000000000000
Depreciation0001111111111
Profit before tax19151215252126262933344044
Tax %28%21%19%28%25%18%22%21%23%22%22%22%24%
Net Profit13121011191720212226263133
EPS in Rs1.181.010.860.971.671.491.791.862.002.332.322.832.95

Last Updated: July 10, 2024, 5:00 pm

Fineotex Chemical Ltd Quarterly Chart

Fineotex Chemical Ltd Profit & Loss

Last Updated: July 10, 2024, 5:00 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales809687102110127141182196219368517524
Expenses738677858298111148162178297404393
Operating Profit71091628293034354171113131
OPM %9%11%11%16%26%23%21%19%18%19%19%22%25%
Other Income223521051-11176711
Interest0100001111111
Depreciation0000111111345
Profit before tax911112029383434225673115136
Tax %28%27%30%28%31%24%29%28%35%20%22%22%
Net Profit688152029242414455790106
EPS in Rs0.530.630.581.151.562.322.042.021.183.854.987.979.48
Dividend Payout %9%8%9%9%13%4%10%5%4%8%8%10%

Fineotex Chemical Ltd Profit & Loss Yearly Chart

Fineotex Chemical Ltd Growth

Compounded Sales Growth
10 Years:21%
5 Years:26%
3 Years:38%
TTM:10%
Compounded Profit Growth
10 Years:35%
5 Years:40%
3 Years:41%
TTM:36%
Stock Price CAGR
10 Years:49%
5 Years:65%
3 Years:50%
1 Year:21%
Return on Equity
10 Years:23%
5 Years:25%
3 Years:28%
Last Year:30%

Last Updated: July 25, 2024, 5:01 am

Fineotex Chemical Ltd Balance Sheet

Last Updated: July 10, 2024, 5:00 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital11111122222222222222222222
Reserves414754546990113137147187240327377
Borrowings8642315233272
Other Liabilities191719232026213435547567128
Total Liabilities788288101114140161195208267339423529
Fixed Assets101214181927293641598499101
CWIP0000000015000
Investments202116293947554852321789142
Other Assets49495854566677110114171238234286
Total Assets788288101114140161195208267339423529

Fineotex Chemical Ltd Reserves and Borrowings Chart

Fineotex Chemical Ltd Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 11414196122891310797
Cash from Investing Activity 12-14-13-14-65-19-71-99-47
Cash from Financing Activity -4-3-1-6-4-3-4-4-6-6-24
Net Cash Flow9-3-1-1-3146-28127

Fineotex Chemical Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days766492808484729810013811072
Inventory Days615968566670978466799853
Days Payable9468817575825070731019653
Cash Conversion Cycle4355796075721191129311611172
Working Capital Days53488061837612512211214212676
ROCE %17%15%21%31%35%26%22%20%28%30%36%

Fineotex Chemical Ltd Financial Efficiency Indicators Chart

Fineotex Chemical Ltd Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024May 2024
Promoters64.82%64.82%64.82%64.94%64.97%65.00%65.04%65.04%65.04%65.04%65.03%64.46%
FIIs1.48%0.60%0.25%0.04%1.02%0.72%0.71%0.75%0.72%0.82%1.45%0.97%
DIIs6.14%6.15%6.15%5.35%4.01%3.65%3.65%3.65%3.86%3.69%3.70%3.68%
Public27.55%28.43%28.78%29.67%29.99%30.64%30.62%30.56%30.39%30.46%29.83%30.90%
No. of Shareholders64,07763,04764,85172,1461,05,7101,10,8551,10,3121,13,4691,16,8011,16,0671,22,0951,25,460

Fineotex Chemical Ltd Shareholding Pattern Chart

No. of Fineotex Chemical Ltd Shareholders

Fineotex Chemical Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Small Cap Fund4,041,8280.32120.3538,4402024-07-2310414.64%
Motilal Oswal Nifty Microcap 250 Index Fund38,4400.251.1438,4402024-07-230%
Groww Nifty Total Market Index Fund890.01038,4402024-07-23-99.77%

Fineotex Chemical Ltd ROCE Trend

Fineotex Chemical Ltd EPS Trend

Fineotex Chemical Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)10.827.974.973.841.17
Diluted EPS (Rs.)10.827.974.973.841.17
Cash EPS (Rs.)11.478.475.364.161.39
Book Value[Excl.RevalReserv]/Share (Rs.)40.9532.1224.3219.5115.81
Book Value[Incl.RevalReserv]/Share (Rs.)40.9532.1224.3219.5115.81
Revenue From Operations / Share (Rs.)51.3746.6833.2519.7317.64
PBDIT / Share (Rs.)14.8910.836.935.243.27
PBIT / Share (Rs.)14.3510.446.705.113.16
PBT / Share (Rs.)14.2310.376.625.041.97
Net Profit / Share (Rs.)10.938.095.144.021.29
NP After MI And SOA / Share (Rs.)10.827.974.983.851.17
PBDIT Margin (%)28.9823.1920.8326.5718.53
PBIT Margin (%)27.9222.3620.1525.8917.94
PBT Margin (%)27.6922.2019.9025.5611.18
Net Profit Margin (%)21.2717.3215.4420.397.28
NP After MI And SOA Margin (%)21.0517.0814.9819.496.66
Return on Networth / Equity (%)26.7925.3221.0420.347.70
Return on Capital Employeed (%)34.6332.2127.3426.0319.95
Return On Assets (%)21.8520.8916.2515.946.29
Total Debt / Equity (X)0.010.020.010.010.01
Asset Turnover Ratio (%)1.171.361.210.610.70
Current Ratio (X)3.203.513.413.303.68
Quick Ratio (X)2.642.772.532.723.01
Inventory Turnover Ratio (X)6.986.374.923.464.03
Dividend Payout Ratio (NP) (%)0.005.016.020.004.25
Dividend Payout Ratio (CP) (%)0.004.785.750.003.90
Earning Retention Ratio (%)0.0094.9993.980.0095.75
Cash Earning Retention Ratio (%)0.0095.2294.250.0096.10
Interest Coverage Ratio (X)123.87146.1383.1180.2157.75
Interest Coverage Ratio (Post Tax) (X)91.90110.1562.6262.5543.75
Enterprise Value (Cr.)4052.882534.051965.68704.98155.93
EV / Net Operating Revenue (X)7.124.905.343.230.79
EV / EBITDA (X)24.5721.1325.6212.144.28
MarketCap / Net Operating Revenue (X)7.174.995.423.340.83
Retention Ratios (%)0.0094.9893.970.0095.74
Price / BV (X)9.137.407.613.480.97
Price / Net Operating Revenue (X)7.174.995.423.340.83
EarningsYield0.020.030.020.050.07

Fineotex Chemical Ltd Profitability Ratios (%)

Fineotex Chemical Ltd Liquidity Ratios

Fineotex Chemical Ltd Liquidity Ratios (%)

Fineotex Chemical Ltd Interest Coverage Ratios (%)

Fineotex Chemical Ltd Valuation Ratios

Fair Value

Fair Value: 414.82

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 12.72% compared to the current price 368

Intrinsic Value: 629.28

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 71.00% compared to the current price 368

Last 5 Year EPS CAGR: 51.70%

*Investments are subject to market risks

Strength and Weakness of Fineotex Chemical Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 23.42%, which is a positive sign.
  2. The company has higher reserves (157.50 cr) compared to borrowings (3.58 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (211.46 cr) and profit (45.23 cr) over the years.
  1. The stock has a high average Working Capital Days of 92.00, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 83.92, which may not be favorable.

FAQ

What is the latest fair value of Fineotex Chemical Ltd?

The latest fair value of Fineotex Chemical Ltd is ₹414.82.

What is the Market Cap of Fineotex Chemical Ltd?

The Market Cap of Fineotex Chemical Ltd is 4,077 Cr..

What is the current Stock Price of Fineotex Chemical Ltd as on 25 July 2024?

The current stock price of Fineotex Chemical Ltd as on 25 July 2024 is 368.

What is the High / Low of Fineotex Chemical Ltd stocks in FY 2024?

In FY 2024, the High / Low of Fineotex Chemical Ltd stocks is 459/274.

What is the Stock P/E of Fineotex Chemical Ltd?

The Stock P/E of Fineotex Chemical Ltd is 34.0.

What is the Book Value of Fineotex Chemical Ltd?

The Book Value of Fineotex Chemical Ltd is 40.4.

What is the Dividend Yield of Fineotex Chemical Ltd?

The Dividend Yield of Fineotex Chemical Ltd is 0.33 %.

What is the ROCE of Fineotex Chemical Ltd?

The ROCE of Fineotex Chemical Ltd is 38.7 %.

What is the ROE of Fineotex Chemical Ltd?

The ROE of Fineotex Chemical Ltd is 30.1 %.

What is the Face Value of Fineotex Chemical Ltd?

The Face Value of Fineotex Chemical Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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 Fineotex Chemical 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