Fine Organic Industries share price
NSE: FINEORGBSE: 541557Chemicals & PetrochemicalsSmall Cap
Fine Organic Industries Limited · Face value ₹5 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Jul 2018 · Issue price ₹783
Last close ₹5,102.00down ₹5.50 (0.11%)BSE ₹5,108.90
Share price at the NSE close on 28 Oct 2026. Previous close ₹5,107.50.
28 Oct: open ₹5,090.50, high ₹5,218.00, low ₹5,055.00
52-week range of traded prices to 28 Oct 2026
₹3,856.00Low, 27 Jan 2026₹5,666.00High, 7 Oct 2026
- Next results date: the board meets on 2 Nov 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹15,643 Cr459th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 35.71
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 5.87
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.22%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 17.7%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 17.6%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.02
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 9,59545.3% delivered
About Fine Organic Industries
Fine Organic Industries Limited makes plant-based specialty additives from oleochemicals (chemicals made from vegetable oils and fats) for makers of foods, plastics, cosmetics, coatings, lubricants and animal feed.123 It manufactures in Maharashtra and sells in India and abroad, with warehouses in the United States and Europe.435
Its product lines are food ingredients such as emulsifiers and anti-fungal agents, additives for plastics and polymers, additives for paints, inks and lubricants, base ingredients for cosmetics, and feed nutrition additives.67 It reports one business segment, specialty chemicals, and offers more than 600 products.81 Its 7 manufacturing facilities are at Ambernath, Badlapur, Dombivli and Patalganga, and the annual report lists 939 permanent employees on the company's rolls on 31 Mar 2026.9410
The business began in 1970 as a partnership firm set up by Ramesh Shah and Prakash Kamat, and the company was incorporated in 2002.1112 Its shares were listed on BSE and NSE on 2 Jul 2018.3 It owns 100% of Fine Organics (USA), Inc. and Fine Organics Europe BV, and holds 50% of Fine Zeelandia Private Limited and 45% of Fine Organic Industries (Thailand) Co., Limited, both joint ventures.13
Its promoters include Mukesh Shah, the chairman, Jayen Shah, the managing director, Tushar Shah, the chief executive officer, and Bimal Shah, who are related to each other.141516 Promoters held 63.63% and the promoter group 11.37% of the shares at the end of March 2026.17
Fine Organic Industries key points
Results
- In the quarter to Jun 2026, consolidated revenue from operations was ₹694.2 crore, up 18.0% from ₹588.4 crore a year earlier, and EBITDA (earnings before interest, tax, depreciation and amortisation) was ₹176.0 crore against ₹123.6 crore.18
- Consolidated profit after tax for the quarter to Jun 2026 was ₹138 crore, a profit margin of 19.9%, against ₹117 crore a year earlier, up 18%.1920
- In the year to Mar 2026, consolidated revenue was ₹2,365.80 crore, up 4.26% from ₹2,269.15 crore a year earlier.21
- Consolidated profit before tax for the year to Mar 2026, stated in lakh (a hundredth of a crore), fell to ₹54,293.66 lakh from ₹55,515.70 lakh a year earlier.22
Where revenue comes from
Customers and partners
Research and development
- The company has 1 research and development facility, in Navi Mumbai, with more than 40 scientists and technicians.2829
- The company designs and engineers its core manufacturing and process systems in-house and does not depend on licensed or royalty-based technology, it says.30
- Its research products include green surfactants (plant-based ingredients that help oil and water mix, used in cleansers) and additives for biodegradable plastics, and it is adding artificial intelligence and computational chemistry to its research work.3132
Expansion and capital spending
- The company stated in its annual report for the year to Mar 2026 that its ₹750 crore greenfield project (a new plant on undeveloped land) in the special economic zone (an export zone with tax benefits) at Jawaharlal Nehru Port Authority (JNPA) was progressing.3233
- Its export-focused subsidiary Fine Organic Industries (SEZ) Private Limited holds a 60-year lease on a plot of about 30 acres in the JNPA special economic zone for a manufacturing facility.33
- Fine Organics Americas LLC, a wholly owned subsidiary incorporated on 12 May 2025, bought 159.9 acres near Jonesville, South Carolina, for a manufacturing facility to serve customers in North, Central and South America.323435
- As of its annual report of 27 Jul 2026, Fine Organic Industries (SEZ) Private Limited, Fine Organics Americas LLC and Fine Organics FZE had yet to begin operations.36
Recent events
- On 2 Sep 2026, the company signed agreements to buy 80% of Oleofine Organics, a Malaysian specialty chemicals company, for up to RM 3,42,08,000 (about ₹80.28 crore) in cash: 50% from Smoothex Chemicals Private Limited, a promoter group company, and 30% from unrelated shareholders.373839
- On 18 Aug 2026, the company put back the expected completion of the Oleofine Organics acquisition, saying it now proposed to complete it within the next 3 months because of procedural requirements.40
- On 15 Dec 2025, the company incorporated Fine Organics FZE, a wholly owned subsidiary in the Jebel Ali Free Zone, Dubai, to build a local presence in the Gulf Cooperation Council (GCC) countries, a regional bloc of Gulf Arab states.41
Last updated
All 43 sources, each with its page
- 1. Annual report, 27 Jul 2026, page 6
- 2. Annual report, 27 Jul 2026, page 56
- 3. Annual report, 27 Jul 2026, page 86
- 4. Annual report, 27 Jul 2026, page 51
- 5. Annual report, 27 Jul 2026, page 30
- 6. Annual report, 27 Jul 2026, page 8
- 7. Investor presentation, 10 Aug 2026, page 14
- 8. Annual report, 27 Jul 2026, page 138
- 9. Annual report, 27 Jul 2026, page 72
- 10. Annual report, 27 Jul 2026, page 40
- 11. Annual report, 27 Jul 2026, page 7
- 12. Annual report, 27 Jul 2026, page 4
- 13. Annual report, 27 Jul 2026, page 57
- 14. Annual report, 27 Jul 2026, page 97
- 15. Annual report, 27 Jul 2026, page 26
- 16. Annual report, 27 Jul 2026, page 44
- 17. Annual report, 27 Jul 2026, page 51
- 18. Investor presentation, 10 Aug 2026, page 34
- 19. Investor presentation, 10 Aug 2026, page 30
- 20. Investor presentation, 10 Aug 2026, page 31
- 21. Annual report, 27 Jul 2026, page 30
- 22. Annual report, 27 Jul 2026, page 32
- 23. Investor presentation, 10 Aug 2026, page 23
- 24. Investor presentation, 10 Aug 2026, page 26
- 25. Annual report, 27 Jul 2026, page 56
- 26. Investor presentation, 10 Aug 2026, page 16
- 27. Annual report, 27 Jul 2026, page 138
- 28. Annual report, 27 Jul 2026, page 6
- 29. Annual report, 27 Jul 2026, page 7
- 30. Annual report, 27 Jul 2026, page 17
- 31. Annual report, 27 Jul 2026, page 63
- 32. Annual report, 27 Jul 2026, page 11
- 33. Annual report, 27 Jul 2026, page 13
- 34. Annual report, 27 Jul 2026, page 7
- 35. Annual report, 27 Jul 2026, page 86
- 36. Annual report, 27 Jul 2026, page 144
- 37. Exchange filing, 2 Sep 2026, page 1
- 38. Exchange filing, 2 Sep 2026, page 3
- 39. Exchange filing, 2 Sep 2026, page 2
- 40. Exchange filing, 18 Aug 2026, page 1
- 41. Exchange filing, 24 Dec 2025, page 2
- 42. Exchange filing, 28 Apr 2026, page 2
- 43. Exchange filing, 28 Apr 2026, page 1
Results
Consolidated; ₹ crore.Fine Organic Industries quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +7.3%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +5.7%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹694 Crup 11.01%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹138 Crup 17.58%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 19.9%
Revenue by quarter
Peak revenue ₹694 Cr, quarter to Jun 2026; lowest ₹513 Cr, quarter to Dec 2024
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 596 | 513 | 607 | 588 | 597 | 555 | 625 | 694 |
| Net profit | 117 | 83 | 97 | 117 | 109 | 74 | 117 | 138 |
| Net margin | 19.7% | 16.1% | 16.0% | 19.9% | 18.2% | 13.3% | 18.8% | 19.9% |
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹2,366 Crup 4.26%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹417 Crup 1.60%
- Net margin
- 17.6%
Revenue by year
Peak revenue ₹3,023 Cr, year to Mar 2023; lowest ₹1,038 Cr, year to Mar 2020
Net profit by year, a loss in red
| ₹ crore | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,060 | 1,038 | 1,133 | 1,876 | 3,023 | 2,123 | 2,269 | 2,366 |
| Net profit | 136 | 165 | 120 | 260 | 618 | 412 | 410 | 417 |
| Net margin | 12.9% | 15.9% | 10.6% | 13.8% | 20.4% | 19.4% | 18.1% | 17.6% |
Consolidated. Years to March. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
In the year to Mar 2026 the company reports one business segment, Manufacturing of Specialty Chemicals, which carries all its revenue.
Valuation
Today, against the company's own history.Fine Organic Industries PE ratio and valuation
Price to earnings
At or below today's level on 44% of 1,836 trading days since Jun 2019.
LowestHighest
Its median36.47Industry median23.99
Price to book
At or below today's level on 11% of 1,977 trading days since Nov 2018.
LowestHighest
Its median9.45Industry median2.34
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 43% of 2,032 trading days since Aug 2018.
LowestHighest
Its median0.23%Industry median0.54%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −1.0% | +1.6% | −2.8% | 0.3% |
| 3 years | −2.5% | −12.3% | +10.8% | 0.3% |
| 5 years | +11.9% | +28.2% | −12.9% | 0.2% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.
Mutual fund holdings
22 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before.All 22 funds holding Fine Organic Industries
- AddedAdded. Funds that held more shares than at the end of the month before.
- 5
- CutCut. Funds that held fewer shares than at the end of the month before.
- 1
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 16
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 1
| Fund | |||
|---|---|---|---|
 Nippon India Small Cap FundNippon India Mutual Fund | 7,85,023 | 0.50% | ₹402.3 Cr |
 Axis Small Cap FundAxis Mutual Fund | 6,33,550 | 1.06% | ₹324.7 Cr |
| Axis Flexi Cap FundAxis Mutual Fund | 3,03,189 | 1.17% | ₹155.4 Cr |
| Axis Midcap FundAxis Mutual Fund | 2,86,711 | 0.44% | ₹146.9 Cr |
 ICICI Prudential Healthcare FundICICI Prudential Mutual Fund | 1,61,698 | 1.21% | ₹82.9 Cr |
 Mirae Asset Small Cap FundMirae Asset Mutual Fund | 1,22,117 | 1.08% | ₹62.6 Cr |
| ICICI Prudential Multi Cap FundICICI Prudential Mutual Fund | 1,08,586 | 0.30% | ₹55.6 Cr |
 UTI Small Cap FundUTI Mutual Fund | 93,777 | 0.92% | ₹48.1 Cr |
 Groww Multicap FundGroww Mutual Fund | 41,622 | 1.26% | ₹21.3 Cr |
 WhiteOak Capital Flexi Cap FundWhiteOak Capital Mutual Fund | 38,114 | 0.21% | ₹19.5 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Promoter and insider buying and selling
Trades made since 29 Oct 2025.Fine Organic Industries insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Promoters and promoter group: no market trade
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.
Fine Organic Industries competitors and peers
Specialty Chemicals, 130 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Fine Organic Industries in market cap.Chemical companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 Navin Fluorine InternationalNAVINFLUOR | 43,617 | 55.23 | 10.97 | +42.4% | +122.7% | 23.9% | 20.7% | 0.18% |
 Aether IndustriesAETHER | 21,082 | – | 8.58 | +33.8% | – | – | 10.7% | 0.00% |
 Deepak NitriteDEEPAKNTR | 20,301 | 25.92 | 3.48 | +7.1% | +29.2% | 14.0% | 14.8% | 0.50% |
 Aarti IndustriesAARTIIND | 15,863 | 29.86 | 2.66 | +27.1% | +123.7% | 9.2% | 7.9% | 0.23% |
 AtulATUL | 15,385 | 19.93 | 2.34 | +18.1% | +42.4% | 12.4% | 12.5% | 0.57% |
 Privi Speciality ChemicalsPRIVISCL | 13,578 | – | 9.61 | +21.6% | – | – | 21.3% | 0.29% |
 BASF IndiaBASF | 13,432 | 20.89 | 3.39 | +6.7% | +62.4% | 16.9% | 20.2% | 0.81% |
 Anupam Rasayan IndiaANURAS | 13,109 | 75.03 | 3.93 | +51.8% | +41.5% | 5.7% | 6.2% | 0.13% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Dividends
Per share, by the year it was paid for, and the latest payments.Fine Organic Industries dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossaryHighest ₹11.00 a share, years to Mar 2021, Mar 2025 and Mar 2026.
| Ex-date | Type | Per share |
|---|---|---|
| 31 Jul 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹11.00 |
| 25 Jul 2025 | Final | ₹11.00 |
| 13 Aug 2024 | Final | ₹10.00 |
| 14 Aug 2023 | Final | ₹9.00 |
| 11 Aug 2022 | Final | ₹9.00 |
| 13 Aug 2021 | Final | ₹6.00 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Fine Organic Industries announcements
Oct 2026
22 Oct · Board meeting
Sep 2026
16 Sep
16 Sep · Analysts
15 Sep · Analysts
9 Sep
Fine Organic Industries share price by year
Each calendar year to 2025.Fine Organic Industries share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 4,116.20 | −7.7% | 5,456.50 | 3,503.15 |
| 2024 | 4,459.90 | −10.4% | 5,872.65 | 4,034.85 |
| 2023 | 4,978.25 | −13.3% | 5,709.05 | 4,070.15 |
| 2022 | 5,740.90 | +54.6% | 7,196.00 | 3,576.15 |
| 2021 | 3,713.90 | +47.2% | 3,935.10 | 2,212.40 |
| 2020 | 2,522.45 | +29.7% | 3,145.20 | 1,552.80 |
| 2019 | 1,945.05 | +63.7% | 2,048.80 | 1,028.90 |
| 2018 | 1,188.00 | – | 1,217.30 | 750.50 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2018 is from its first session, 2 Jul 2018.
Recent sessions
The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 27 Oct 2026 | 5,001.00 | 5,155.00 | 4,999.50 | 5,107.50 | 5,110.88 | 13,720 | 55.5% |
| 26 Oct 2026 | 5,001.00 | 5,056.00 | 4,942.50 | 4,999.50 | 4,999.26 | 13,112 | 52.7% |
| 23 Oct 2026 | 5,120.00 | 5,120.00 | 4,883.00 | 5,050.00 | 5,001.41 | 29,590 | 46.2% |
| 22 Oct 2026 | 5,100.00 | 5,111.50 | 4,985.50 | 5,097.50 | 5,074.55 | 29,402 | 58.2% |
| 21 Oct 2026 | 5,376.00 | 5,376.50 | 5,100.00 | 5,124.00 | 5,167.94 | 32,398 | 45.0% |
| 19 Oct 2026 | 5,483.50 | 5,483.50 | 5,365.00 | 5,398.00 | 5,399.07 | 17,542 | 60.4% |
| 16 Oct 2026 | 5,410.00 | 5,560.00 | 5,355.50 | 5,461.50 | 5,473.32 | 14,663 | 40.6% |
| 15 Oct 2026 | 5,511.00 | 5,511.00 | 5,382.50 | 5,402.50 | 5,414.14 | 19,733 | 58.7% |
| 14 Oct 2026 | 5,409.50 | 5,550.00 | 5,409.50 | 5,515.00 | 5,506.59 | 10,475 | 46.7% |
Prices in ₹ per share as traded, not adjusted.
Company details
- NSE symbol
- FINEORG
- BSE code
- 541557
- ISIN
- INE686Y01026
- Industry
- Chemicals & Petrochemicals
- Website
- www.fineorganics.com
- CIN
- L24119MH2002PLC136003
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 2002
- Registered office
- Fine House, Anandji Lane, Ghatkopar (East), Mumbai 400077, Maharashtra
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments