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Fineotex Chemical Limited
(FCL)
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Rating:74Outperform
Price Target:
₹53.00
▲(33.77% Upside)
Action:Reiterated
Date:08/22/26
The score is driven primarily by strong financial fundamentals (solid profitability and a strong balance sheet) and bullish technical trend signals. Offsetting these positives are weak recent cash-flow conversion (negative operating and free cash flow in FY2026) and a relatively expensive valuation (high P/E with low dividend yield).
Positive Factors
Strong Revenue Growth
The multi-year expansion, including a sharp FY2026 rebound, indicates sustained demand for FCL’s specialty textile chemicals and a broadening opportunity across textile processing applications.
Negative Factors
Weak Cash Conversion
Negative operating and free cash flow despite accounting profits suggests working-capital absorption or elevated reinvestment, which could limit self-funded growth and increase reliance on balance-sheet liquidity.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
The multi-year expansion, including a sharp FY2026 rebound, indicates sustained demand for FCL’s specialty textile chemicals and a broadening opportunity across textile processing applications.
Read all positive factors
Fineotex Chemical Limited (FCL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹58.92B
Dividend Yield0.33%
Average Volume (3M)239.10K
Price to Earnings (P/E)40.4
Beta (1Y)1.27
Revenue Growth91.44%
EPS Growth19.67%
CountryIN
Employees214
SectorGeneral
Sector StrengthN/A
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)1.20
Shares Outstanding1,164,500,900
10 Day Avg. Volume23,734
30 Day Avg. Volume239,105
Financial Highlights & Ratios
PEG Ratio-0.20
Price to Book (P/B)2.18
Price to Sales (P/S)2.49
P/FCF Ratio-40.31
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.1
Revenue Forecast (FY)₹18.19B
Fineotex Chemical Limited Business Overview & Revenue Model
Company Description
Founded in 1979 and based in Mumbai, India, Fineotex Chemical Limited is a global manufacturer and distributor of a broad spectrum of specialty and auxiliary chemicals. The company develops tailored chemical solutions for the textile industry, cov...
How the Company Makes Money
FCL primarily makes money by selling specialty textile chemicals to industrial customers (e.g., textile processors, dyeing and finishing units, and garment-related processing facilities). Revenue is generated from (i) product sales of chemical for...
Fineotex Chemical Limited Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
91
Very Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.12B | 7.72B | 5.33B | 5.69B | 5.17B | 3.67B |
| Gross Profit | 2.76B | 2.01B | 2.06B | 2.17B | 1.78B | 1.30B |
| EBITDA | 1.96B | 1.68B | 1.52B | 1.65B | 1.13B | 767.24M |
| Net Income | 1.22B | 1.09B | 1.08B | 1.20B | 883.16M | 551.74M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 11.59B | 8.15B | 5.48B | 4.22B | 3.39B |
| Cash, Cash Equivalents and Short-Term Investments | 732.33M | 732.33M | 330.01M | 735.06M | 611.90M | 308.35M |
| Total Debt | 0.00 | 81.96M | 2.17M | 51.90M | 72.80M | 19.08M |
| Total Liabilities | -9.40B | 2.19B | 757.59M | 945.90M | 659.02M | 700.96M |
| Stockholders Equity | 9.40B | 8.82B | 7.31B | 4.47B | 3.49B | 2.62B |
Cash Flow | ||||||
| Free Cash Flow | 81.22M | -476.20M | -73.46M | 494.76M | 887.62M | -91.37M |
| Operating Cash Flow | 200.95M | -222.29M | 693.34M | 973.81M | 1.08B | 133.75M |
| Investing Cash Flow | -51.66M | 987.46M | -2.73B | -468.50M | -1.03B | -7.44M |
| Financing Cash Flow | -49.37M | -611.54M | 1.76B | -239.11M | -64.39M | -56.59M |
Fineotex Chemical Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹58.92B | 40.41 | ― | 0.40% | 91.44% | 19.67% | |
63 Neutral | ₹79.07B | 38.33 | ― | 0.48% | 11.08% | 34.10% | |
61 Neutral | ₹98.30B | 136.62 | ― | 0.43% | 90.13% | -6.80% | |
60 Neutral | ₹11.27B | 17.34 | ― | ― | 27.57% | 135.24% | |
57 Neutral | ₹27.62B | 18.26 | ― | 0.09% | 19.47% | 11.49% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
42 Neutral | ₹20.54B | 395.92 | ― | ― | 8.40% | ― |
* General Sector Average
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Fineotex Chemical Limited Corporate Events
Fineotex Chemical Publishes Q1 FY2026-27 Investor Presentation
Jul 23, 2026
Fineotex Chemical Limited has submitted its investor presentation for the first quarter of FY2026-27 to the Bombay Stock Exchange and the National Stock Exchange, in line with SEBI’s listing and disclosure regulations. The presentation, deta...
Fineotex Chemical to Join ULJK Virtual Investor Meet on June 24
Jun 19, 2026
Fineotex Chemical Limited has announced that its management will participate in a group virtual investor and analyst conference organized by ULJK on Wednesday, June 24, 2026, at 3:30 p.m. IST. The company has clarified that no unpublished price-se...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.