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Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

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

Fineotex Chemical Ltd. Share Price Update

Share PriceValue
Today₹438.95
Previous Day₹442.55

Basic Stock Data of Fineotex Chemical Ltd

Market Cap 4,756 Cr.
Current Price 429
High / Low459/203
Stock P/E41.2
Book Value 36.0
Dividend Yield0.27 %
ROCE36.5 %
ROE28.9 %
Face Value 2.00

Data Source: screener.in

Fineotex Chemical Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales5558756378105121136134109138132145
Expenses45456253648010011010981105101107
Operating Profit10141310152522262529333238
OPM %18%23%17%16%19%24%18%19%19%26%24%24%26%
Other Income4533110122244
Interest0000000000000
Depreciation0000111111111
Profit before tax13191512152521262629333440
Tax %17%28%21%19%28%25%18%22%21%23%22%22%22%
Net Profit11131210111917202122262631
EPS in Rs0.941.181.010.860.971.671.491.791.862.002.332.322.83

Fineotex Chemical Ltd Quarterly Chart

Fineotex Chemical Ltd Profit & Loss

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:18%
5 Years:30%
3 Years:38%
TTM:6%
Compounded Profit Growth
10 Years:30%
5 Years:31%
3 Years:64%
TTM:39%
Stock Price CAGR
10 Years:60%
5 Years:56%
3 Years:68%
1 Year:30%
Return on Equity
10 Years:21%
5 Years:22%
3 Years:25%
Last Year:29%

Fineotex Chemical Ltd Balance Sheet

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 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 7114141961228913107
Cash from Investing Activity -912-14-13-14-65-19-71-99
Cash from Financing Activity 3-4-3-1-6-4-3-4-4-6-6
Net Cash Flow19-3-1-1-3146-281

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

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters64.72%64.74%64.82%64.82%64.82%64.82%64.94%64.97%65.00%65.04%65.04%65.04%
FIIs0.00%0.00%0.00%1.48%0.60%0.25%0.04%1.02%0.72%0.71%0.75%0.72%
DIIs5.97%6.15%6.15%6.14%6.15%6.15%5.35%4.01%3.65%3.65%3.65%3.86%
Public29.31%29.11%29.03%27.55%28.43%28.78%29.67%29.99%30.64%30.62%30.56%30.39%
No. of Shareholders39,38138,12747,82764,07763,04764,85172,1461,05,7101,10,8551,10,3121,13,4691,16,801

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)
Nippon India Small Cap Fund40418280.32120.35
Motilal Oswal Nifty Microcap 250 Index Fund384400.251.14
Groww Nifty Total Market Index Fund890.010

Fineotex Chemical Ltd ROCE Trend

Fineotex Chemical Ltd EPS Trend

Fineotex Chemical Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)7.974.973.841.172.02
Diluted EPS (Rs.)7.974.973.841.172.02
Cash EPS (Rs.)8.475.364.161.392.28
Book Value[Excl.RevalReserv]/Share (Rs.)32.1224.3219.5115.8114.78
Book Value[Incl.RevalReserv]/Share (Rs.)32.1224.3219.5115.8114.78
Revenue From Operations / Share (Rs.)46.6833.2519.7317.6416.38
PBDIT / Share (Rs.)10.836.935.243.273.17
PBIT / Share (Rs.)10.446.705.113.163.08
PBT / Share (Rs.)10.376.625.041.973.02
Net Profit / Share (Rs.)8.095.144.021.292.19
NP After MI And SOA / Share (Rs.)7.974.983.851.172.02
PBDIT Margin (%)23.1920.8326.5718.5319.36
PBIT Margin (%)22.3620.1525.8917.9418.81
PBT Margin (%)22.2019.9025.5611.1818.44
Net Profit Margin (%)17.3215.4420.397.2813.34
NP After MI And SOA Margin (%)17.0814.9819.496.6612.35
Return on Networth / Equity (%)25.3221.0420.347.7014.18
Return on Capital Employeed (%)32.2127.3426.0319.9520.75
Return On Assets (%)20.8916.2515.946.2911.56
Total Debt / Equity (X)0.020.010.010.010.01
Asset Turnover Ratio (%)1.361.210.610.700.70
Current Ratio (X)3.513.413.303.683.67
Quick Ratio (X)2.772.532.723.012.82
Inventory Turnover Ratio (X)6.374.923.464.033.83
Dividend Payout Ratio (NP) (%)5.016.020.004.250.00
Dividend Payout Ratio (CP) (%)4.785.750.003.900.00
Earning Retention Ratio (%)94.9993.980.0095.750.00
Cash Earning Retention Ratio (%)95.2294.250.0096.100.00
Interest Coverage Ratio (X)146.1383.1180.2157.7542.38
Interest Coverage Ratio (Post Tax) (X)110.1562.6262.5543.7530.01
Enterprise Value (Cr.)2534.051965.68704.98155.93449.35
EV / Net Operating Revenue (X)4.905.343.230.792.46
EV / EBITDA (X)21.1325.6212.144.2812.73
MarketCap / Net Operating Revenue (X)4.995.423.340.832.50
Retention Ratios (%)94.9893.970.0095.740.00
Price / BV (X)7.407.613.480.972.87
Price / Net Operating Revenue (X)4.995.423.340.832.50
EarningsYield0.030.020.050.070.04

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 of Fineotex Chemical Ltd Stock

Fair Value: ₹429.80

The stock is undervalued by 0.19% compared to the current price ₹429

*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 (144.85 cr) compared to borrowings (3.69 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 is trading at a high valuation with an average P/B ratio of 5.70 and average Dividend Yield of 21.03%.
  2. The stock has a high average Working Capital Days of 92.00, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 83.92, which may not be favorable.

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