Fine Organic Industries Ltd. (FINEORG) AI Stock Analysis

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Fine Organic Industries Ltd.

(NSE:FINEORG)

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Rating:69.5Neutral

Price Target:INR 6,181.00▲(22.39% Upside)

Action:reiterated

Date:08/20/26

The score is primarily supported by strong financial resilience (low leverage, growing equity, and solid cash generation) and a constructive technical trend (price above major moving averages with positive momentum). These positives are tempered by valuation (high P/E and low dividend yield) and recent normalization/volatility in growth and margins versus the 2023 peak.

Positive Factors

Strong balance sheet and low leverageConsistent equity growth and very low leverage provide financial flexibility for investment and resilience through weaker demand. Even after debt rose in 2026, the reported 682M remains modest against the 26.65B equity base, limiting balance-sheet strain.

Negative Factors

Revenue and margin growth has normalizedRecent revenue expansion has been slower and profitability has normalized materially from the 2023 peak. Lower gross and operating profit in 2026 versus prior years could constrain earnings growth and reduce the funds available for expansion if weaker momentum persists.

Fine Organic Industries Ltd. (FINEORG) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 154.80B
Dividend Yield: 0.22%
Average Volume (3M): 6,214
Price to Earnings (P/E): 35.8
Beta (1Y): 1.09
Revenue Growth: 7.26%
EPS Growth: 5.73%
Country: India
Employees: 938
Sector: General
Sector Strength: 55
Industry: Chemicals - Specialty

Fine Organic Industries Ltd. Business Overview & Revenue Model

Company Description

Fine Organic Industries Limited is a company specializing in the worldwide production, processing, and trade of oleochemical-based additives. Operating in both India and international markets, their product range encompasses food additives, such as e...

How the Company Makes Money

Fine Organic Industries primarily makes money by manufacturing and selling specialty chemical additives and ingredients to business customers (B2B). Revenue is generated through (1) sales of polymer/plastics additives (including functional additives...

Fine Organic Industries Ltd. Financial Statement Overview

Summary

Overall financials are solid, led by a very strong balance sheet (consistently rising equity and low leverage) and generally healthy cash generation (notably strong operating cash flow and free cash flow in 2026). The main offsets are revenue/margin volatility and profitability normalization since the 2023 peak, plus uneven year-to-year cash conversion.

Income Statement

63Positive

Balance Sheet

86Very Positive

Cash Flow

74Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	23.66B	23.66B	22.69B	21.23B	30.23B	18.76B
Gross Profit	8.89B	7.29B	9.21B	8.87B	12.24B	6.75B
EBITDA	5.57B	6.03B	5.13B	5.34B	8.31B	3.66B
Net Income	4.17B	4.17B	4.10B	4.12B	6.18B	2.60B
Balance Sheet
Total Assets	29.99B	29.99B	25.11B	21.08B	18.07B	12.36B
Cash, Cash Equivalents and Short-Term Investments	14.49B	14.49B	9.50B	10.49B	5.26B	2.33B
Total Debt	682.04M	682.04M	27.95M	42.32M	285.25M	585.27M
Total Liabilities	3.34B	3.34B	2.15B	1.87B	2.65B	2.77B
Stockholders Equity	26.65B	26.65B	22.95B	19.21B	15.41B	9.59B
Cash Flow
Free Cash Flow	1.24B	3.54B	764.03M	5.48B	4.04B	56.31M
Operating Cash Flow	1.63B	4.96B	2.04B	6.35B	4.85B	669.76M
Investing Cash Flow	-1.05B	-4.77B	-6.69B	-3.91B	-847.45M	-562.86M
Financing Cash Flow	-269.70M	13.89M	-343.43M	-585.32M	-686.52M	-681.91M

Fine Organic Industries Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price5050.20

Price Trends

50DMA5211.10Negative

100DMA5108.04Negative

200DMA4784.29Positive

Market Momentum

MACD-40.12Positive

RSI42.13Neutral

STOCH32.83Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:FINEORG, the sentiment is Negative. The current price of 5050.20 is below the 20-day moving average (MA) of 5282.98, below the 50-day MA of 5211.10, and above the 200-day MA of 4784.29, indicating a neutral trend. The MACD of -40.12 indicates Positive momentum. The RSI at 42.13 is Neutral, neither overbought nor oversold. The STOCH value of 32.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:FINEORG.

Fine Organic Industries Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:FINEORG against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:FINEORG	70Neutral	INR 154.84B	35.84	―	0.22%	7.26%	5.73%
IN:ALKYLAMINE	60Neutral	INR 81.33B	36.11	―	0.63%	5.11%	20.64%
IN:GALAXYSURF	59Neutral	INR 75.16B	21.20	―	1.04%	27.05%	16.13%
IN:BALAMINES	58Neutral	INR 57.16B	27.90	―	0.63%	11.08%	34.10%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:AETHER	55Neutral	INR 215.08B	90.95	―	―	30.76%	28.12%
IN:LXCHEM	50Neutral	INR 42.47B	33.72	―	0.20%	5.47%	24.88%

* General Sector Average

Performance Comparison

IN:FINEORG and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:FINEORG	Fine Organic Industries Ltd.	5050.20	641.21	14.54%
IN:AETHER	Aether Industries Ltd.	1620.45	859.30	112.89%
IN:ALKYLAMINE	Alkyl Amines Chemicals Limited	1590.10	-289.30	-15.39%
IN:BALAMINES	Balaji Amines Limited	1764.15	351.10	24.85%
IN:GALAXYSURF	Galaxy Surfactants Ltd.	2119.80	-117.93	-5.27%
IN:LXCHEM	Laxmi Organic Industries Ltd.	152.80	-43.86	-22.30%

Fine Organic Industries Ltd. Corporate Events

Fine Organic to Acquire 80% Stake in Malaysian Specialty Chemicals Firm

Sep 2, 2026

Fine Organic Industries Ltd. has executed share transfer agreements to acquire an 80% equity stake in Malaysia-based Oleofine Organics Sdn. Bhd., a specialty chemicals company with a turnover of RM 23.29 million in the year ended January 31, 2026. Th...

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.

Date of analysis: Aug 20, 2026

Fine Organic Industries Ltd. AI Stock Analysis

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