Fine Organic Industries Ltd share Price

Fine Organic Industries Ltd. is India’s largest manufacturer of oleochemical-based additives. Its additives are used in foods, cosmetics, plastics, coatings, lubes, textile auxiliaries, and several other speciality applications. The company was incorporated in 1970, with its headquarters in Mumbai. The company’s standalone net sales for the June 2022 quarter were Rs 752.58 crore, up 109.11% from Rs 359.90 crore in the June 2021 quarter. On 27 October 2022, Fine Organic Industries Ltd.’s market capitalisation was Rs 20,536 crore.

The company is listed on the Bombay Stock Exchange with the code 541557 and on the National Stock Exchange with the code FINEORG.

Fine Organic Industries Ltd. produces additives for coatings that act as emulsifiers, anti-settling agents, wetting and dispersing agents, biocides and anti-mar waxes, thickening/anti-sagging agents, and defoamers used in coating applications. The food additives are used in bakery and confectionary, dairy and frozen food products, beverages, and other processed foods. In the segment of plastic additives, the products are antioxidants, plasticisers, lubricants, mould release agents, multifunctional processing aids, antistatic and antifogging additives, fillers, ultraviolet stabilisers, and slip and anti-blocks.

On 30 September 2022, the company’s shareholding pattern showed 75% promoter holdings, 6.74% foreign institutional investor (FII) holdings, 10.92% domestic institutional investor holdings, and 7.33% public holdings. Ms Jyotsna Ramesh Shah is the leading promoter, with a 14.11% share. In the September 2022 quarter, FII holdings decreased from 7.20% to 6.74% and mutual funds holdings increased from 10.11% to 10.43%.

The management team comprises Mr Mukesh Maganlal Shah, Mr Mahesh Pansukhlal Sarda, Mr Tushar Ramesh Shah, Mr Bimal Mukesh Shah, Mr Prakash Krishnaji Apte, Mr Kaushik Dwarkadas Shah, Mr Parthasarathi Thiruvengadam, Mr Jayen Ramesh Shah, Mr Nikhil Dattatraya Kamat, Ms Pooja Lohor, and Mrs Pratima Madhukar Umarji. B Y & Associates are the company’s auditors. The number of outstanding shares was 3.07 crores as of 30 September 2022.

On 27 October 2022, the company’s share price closed at Rs 6,700 on BSE, and on NSE, it closed at Rs 6,698. The share price touched a 52-week high of Rs 7,328.75 and a 52-week low of Rs 3,191.35. The share’s six-month return was 51.92%, and the one-year return was 97.53%.

The company’s peers include PI Industries Ltd., Bayer CropScience Ltd., UPL Ltd., and Sumitomo Chemical India Ltd.

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