Fine Organic Industries Ltd (Fine Organics) is an oleochemical derivatives company. Its main activities include researching, developing, and manufacturing specialty additives derived from natural plant-based oils and oleochemicals. Founded in 1970, Fine Organics was the brainchild of Mr. Ramesh Shah, a Mumbai-based businessman with experience in chemical trading, and Mr. Prakash Kamat, a skilled technocrat from the Institution of Chemical Technology. Together, they envisioned the potential of oleochemical derivatives and created an organization founded on the pillars of innovation and passion.
The company has established itself as a prominent player in the specialty chemicals sector with a singular focus on Oleochemistry since 1971 that has created a portfolio of over 450 Products, derived from all natural plant-based oils and oleochemicals. Over 5000 end-users spread across more than 70 countries are supported by their customer-centric innovation, operations & technical services.
Fine Organic Industries operates across multiple industry verticals through its comprehensive product range. Its major products include food ingredients; polymer additives; personal care ingredients; feed ingredients; coating and specialty ingredients; cosmetic emollients, feed nutrition additives, and specialty additives. The product portfolio includes:
- Polymer Additives: Lubricants, anti-fogging agents, anti-static additives, slip additives, processing aids, and dispersants.
- Food Additives: Emulsifiers, anti-fungal agents, beverage clouding agents, anti-crystallizers.
- Feed Nutrition Additives: Natural antibiotics, nutritional additives, and anti-fungal agents.
- Cosmetics & Pharma (CosPha) Additives: Emollients, emulsifiers, green surfactants.
- Coatings & Specialty Additives: Wetting agents, dispersants, anti-corrosive additives, emulsifiers.
The company serves diverse industries including food and beverage, plastics and polymers, cosmetics and personal care, paints and coatings, and feed nutrition. Its products are sold to customers in the food and feed nutrition industry, coatings, rubbers, plastics and plastics and polymer industry, cosmetics industry, and other sectors in the Americas, Africa, Asia, Middle East, and Asia.
The company operates multiple manufacturing facilities in Ambernath, Badlapur, Dombivli, and Patalganga, India. Fine Organics is headquartered in Mumbai, Maharashtra, India. Its facilities are located at Ambernath, Badlapur, and Dombivali, producing over 450 specialty additives. The Company has a dedicated research and development (R&D) center located in Mahape, Navi Mumbai.
The company has expanded its international presence through strategic partnerships and subsidiaries. In 2013, the Company incorporated its wholly-owned Subsidiary at the United States of America. In 2016, the Company incorporated its wholly-owned Subsidiary in Europe. Additionally, they have joint ventures in Malaysia (since 1988) and Thailand (since 1994).
As of March 2025, Fine Organic Industries Ltd has a market capitalization of ₹14,373 Crore. The company has demonstrated consistent growth across key financial metrics. On a consolidated basis, Fine Organic Industries Ltd reported a profit of ₹97.12 Crore on a total income of ₹632.71 Crore for the quarter ended 2025. For the year ended 2024, Fine Organic Industries Ltd had posted a profit of ₹411.89 Crore on a total income of ₹2,122.95 Crore.
- For the full year, net profit declined 0.34% to ₹410.50 Crore in the year ended March 2025, as against ₹411.89 Crore during the previous year ended March 2024. Sales rose 6.89% to ₹2,269.15 Crore in the year ended March 2025, as against ₹2,122.95 Crore during the previous year ended March 2024.
- Net profit of Fine Organic Industries declined 15.22% to ₹97.12 Crore in the quarter ended March 2025, as against ₹114.55 Crore during the previous quarter ended March 2024. Sales rose 10.95% to ₹606.79 Crore in the quarter ended March 2025, as against ₹546.88 Crore during the previous quarter ended March 2024.
The stock has shown resilience with Fine Organic Industries Ltd's 52-week high share price at ₹5,950.00 and 52-week low share price at ₹3,355.05. Fine Organic Industries Ltd demonstrates strong financial performance with a P/E ratio of 33.87 and a 52-week high of ₹5,958.85.
Analyst sentiment remains largely positive with 70% of analysts recommending a 'BUY' rating for Fine Organic Industries Ltd. Average target price of ₹4622.7. The company has shown recent growth momentum with Fine Organic Industries reporting an 11% YoY revenue growth, driven by strong domestic and export sales.
The company continues to invest in expansion and innovation. Despite a decline in gross margins due to rising vegetable oil prices, the company is expanding with new subsidiaries in the USA and UAE and has received clearance for a significant greenfield project. Promoter holding in Fine Organic Industries Ltd has remained stable at 75.00% as of March 2025 (unchanged from June 2024).
Fine Organic Industries has positioned itself as a technology-driven company with strong research and development capabilities. This knowledge, combined with pilot synthesis, analysis, and application development infrastructure, has helped them develop 'Technical Services' as a core competency. They have an innovation pipeline that expands across products, processes, and engineering, and into efficiency and performance improvements in customers' applications.
The company's commitment to sustainability and green chemistry aligns with global trends toward environmentally conscious manufacturing. Their vision is to become a preferred supplier of Oleochemicals derived green additives globally. This strategic focus on sustainable, plant-based solutions positions Fine Organic Industries well for future growth in the specialty chemicals sector.
