News

Neutral Fine Organic Industries Ltd For Target Rs.4,710 - Motilal Oswal Short-term headwinds could pose a threat to growth * Fine Organics (FINEORG) reported higher-than-estimated 4QFY23 results, with EBITDA at INR1.9b (our estimate of INR1.4b), EBITDAM at 26.8% (up 350bp QoQ), and gross margin at 39.1% (up 390bp QoQ). These were driven by factors including higher-priced contracts with customers, leading to better margins, as well as a decline in raw material costs and freight charges. * All the plants (except the one in Patalganga) are currently operating ...
Neutral Fine Organic Industries Ltd For Target Rs.4,710 - Motilal Oswal
Neutral Fine Organic Industries Ltd For Target Rs.4,710 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
30/05/2023 3:04:28 PM
Neutral Fine Organic Industries Ltd For Target Rs.6,860 - Motilal Oswal Financial Services Global disruptions continue to benefit; valuations still expensive * Fine Organics (FINEORG) reported a better-than-estimated result, with EBITDA at INR2.1b (v/s our estimate of INR1.4b), EBITDAM at 25.8% (-150bp QoQ) and gross margin at 38.2% (-310bp QoQ). The management highlighted that disruptions existed in 2QFY23 as well. * All the plants (barring Patalganga) are currently running at optimum capacity and the management expects full capacity utilization by end-Mar’23 for all i...
Neutral Fine Organic Industries Ltd For Target Rs.6,860 - Motilal Oswal Financial Services
Neutral Fine Organic Industries Ltd For Target Rs.6,860 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
15/12/2022 2:18:52 PM
Neutral Fine Organic Ltd For Target Rs. 5,577- Motilal Oswal Financial Services Outperformance continues, although valuations remain expensive * FINEORG reported a better-than-estimated 1QFY23, with EBITDA margin at 27.3% (up 300bp QoQ) in 1QFY23 (its highest ever) and gross margin at 41.3% (down 110bp QoQ) after expanding in 4QFY22. * Its plants are currently running at almost full capacity, and the management expects full capacity utilization by the end of Mar’23. As FINEORG’s customers are expanding their capacities, the management foresees huge oppo...
Neutral Fine Organic Ltd For Target Rs. 5,577- Motilal Oswal Financial Services
Neutral Fine Organic Ltd For Target Rs. 5,577- Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
10/08/2022 1:09:22 PM
Neutral Fine Organic Ltd For Target Rs.3,835 - Motilal Oswal Expensive valuation despite the decent performance Fine Organic (FINEORG) reported a better-than-estimated result, with EBITDA margin at 17% (flat QoQ) in 3QFY22 (after posting a recovery in 2QFY22). The volatility in key vegetable oil prices has subdued in the recent quarter with prices peaking around the current levels. Although, customers have accepted the current environment of high prices, lower volatility might result in better margin aided by price pass through to customers FI...
Neutral Fine Organic Ltd For Target Rs.3,835 - Motilal Oswal
Neutral Fine Organic Ltd For Target Rs.3,835 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
28/02/2022 3:25:18 PM
Neutral Fine Organic Ltd For Target Rs.3,575 - Motilal Oswal Results ahead of estimates; valuations expensive * Fine Organic (FINEORG) reported a beat on our estimates, with the EBITDA margin recovering to 17% in 2QFY22 (after being subdued in the last three quarters). * As per our understanding, the volatility in key vegetable oil prices has reduced in the recent quarter, with prices peaking around current levels. Customers have accepted the current environment of high prices. Lower volatility may result in better ability to pass on prices to co...
Neutral Fine Organic Ltd For Target Rs.3,575 - Motilal Oswal
Neutral Fine Organic Ltd For Target Rs.3,575 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
23/12/2021 11:25:18 AM
Neutral Fine Organics Ltd For Target Rs.3,440 - Motilal Oswal The zing thing! Be it the caps on our water bottles, the bread we consume, or the plastic film that wraps our food… specialty chemicals find application in almost every walk of life. Fine Organics specializes in producing such specialty chemicals using vegetable oils as feedstock. Although the products are used in small quantities, they make a remarkable difference in the perception of products among consumers, in addition to reducing the cycle time and overall production cost, at t...
Neutral Fine Organics Ltd For Target Rs.3,440 - Motilal Oswal
Neutral Fine Organics Ltd For Target Rs.3,440 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
26/10/2021 11:27:21 AM
Neutral Fine Organic Industries Ltd For Target Rs.3,134 - Motilal Oswal Demand outlook strong; margins to remain subdued * Fine Organic Industries (FINEORG) reported in-line revenues, while the gross margin stood at 31%, the lowest in the last 16 quarters. A broad trend was seen across companies due to a surge in freight costs, coupled with a rise in raw material costs. * EBITDA at INR499m was a marginal beat of 7% on our numbers, with marginal decline in EBITDAM sequentially from 14.3% to 13.9%. * Lower-than-expected depreciation resulted in a more pron...
Neutral Fine Organic Industries Ltd For Target Rs.3,134 - Motilal Oswal
Neutral Fine Organic Industries Ltd For Target Rs.3,134 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
8/10/2021 12:01:51 PM
Fine Organic Industries Q4 net profit down 13.90% at Rs 28.87 cr The company reported standalone net profit of Rs 28.87 crore for the quarter ended March 31, 2021 as compared to Rs 33.53 crore in the same period last year, registering a year-on-year decline of 13.90 per cent. Net revenue of the company rose substantially by 32.69 per cent at Rs 321.69 crore in January-March quarter of this fiscal as against Rs 242.43 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 47.47 per cent to Rs 275.76 cro...
Fine Organic Industries Q4 net profit down 13.90% at Rs 28.87 cr
Fine Organic Industries Q4 net profit down 13.90% at Rs 28.87 cr
Source: Dion Global Solutions Ltd
28/05/2021 9:53:53 AM
Buy Fine Organic Industries Ltd For Target Rs.3,232 - LKP Securities FOIL is India’s largest oleochemical-based additives manufacturer with presence in domestic as well as international market. It is also among the top six players globally in the oleochemicals industry. FOIL manufactures green additives derived from vegetable oils which are used in industries such as food & beverages, plastics/polymers, cosmetics, pharmaceutical, rubber, paints and coatings etc. Oleochemicals currently is at a nascent stage in the chemical industry, however, with evo...
Buy Fine Organic Industries Ltd For Target Rs.3,232 - LKP Securities
Buy Fine Organic Industries Ltd For Target Rs.3,232 - LKP Securities
Source: LKP Securities Ltd
16/04/2021 9:42:01 AM