Fine Organic Industries Ltd

Fine Organic Industries Ltd

The Emerging Companies 2025
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OVERVIEW
FINANCIALS

About

Fine Organics was founded by Ramesh Shah and Prakash Kamat in 1970 with the objective of harnessing the potential of oleochemical derivatives. The company now produces specialty additives for various industrial applications in industries like plastics, rubber, foods, paints, inks, coatings, cosmetics, lubes, and more. Its products include food and feed ingredients, polymer additives, personal care ingredients, coating and specialty ingredients, among others. Its additives involve the use of locally grown plants, allowing self-sufficiency in the production process. With the help of manufacturing facilities at sites like Dombivli, Ambernath, and Badlapur, Fine Organics is able to cater to more than 80 markets all over the world.

Incorporation Year: 1982
Headquarters: Mumbai
Top Management: Mukesh/Jayen Shah and Nikhil Kamat
Industry: Chemicals

Featured In Fortune India Ranking

#26(2025)
Next 500 India
#22(2024)#130(2023)#219(2022)#218(2021)#275(2020)#322(2019)
#22(2024)#130(2023)#219(2022)#218(2021)#275(2020)#322(2019)
Ranking Trend Fortune Next 500 India

Financial Data 2024

Revenue
2,061
(INR Cr)
Net Operating Income
2,123
(INR Cr)
Assets
1,925
(INR Cr)
Profit
412
(INR Cr)
Net Worth
1,921
(INR Cr)

Financial Data

RevenueNet Operating IncomeProfitAssetsNet Worth
PARAMETERS202420232022202120202019201820172016201520142013201220112010
Revenue
(INR Cr)
2061
-37.7%
3311
69.6%
1952
70.5%
1145
5.0%
1090
1.1%
1078
24.5%
866
9.8%
789
17.4%
672
7.9%
623
8.6%
574
14.4%
501
12.8%
444
19.9%
371
118.6%
170
-
Net Operating Income
(INR Cr)
2123
-29.78%
3023
61.12%
1876
65.57%
1133
9.17%
1038
-2.10%
1060
23.90%
856
9.95%
778
17.98%
660
0.00%
616
8.56%
568
14.34%
496
11.73%
444
19.87%
371
118.61%
170
0.00%
Profit
(INR Cr)
412
-33.4%
618
138.1%
260
115.8%
120
-27.0%
165
21.0%
136
42.9%
95
22.4%
78
2.2%
76
28.9%
59
-5.6%
63
199.6%
21
51.6%
14
-52.3%
29
40.1%
21
-
Assets
(INR Cr)
1925
22.7%
1570
54.1%
1019
23.5%
825
9.8%
751
18.8%
632
40.8%
449
21.9%
369
3.4%
357
19.2%
299
9.9%
272
31.9%
207
18.9%
174
11.3%
156
43.4%
109
-
Net Worth
(INR Cr)
1921
24.6%
1541
60.7%
959
31.2%
731
18.2%
619
23.7%
500
26.5%
396
20.5%
328
29.2%
254
0.0%
197
22.7%
160
64.2%
98
27.3%
77
21.9%
63
457.9%
11
0.0%
Employee Cost
(INR Cr)
97
15.9%
84
-5.9%
89
12.2%
80
9.8%
72
15.4%
63
21.6%
52
-19.9%
64
139.9%
27
39.7%
19
18.1%
16
12.3%
15
-
0
-
0
-
0
-
Interest Cost
(INR Cr)
25565234771010000
Cash & Bank Balance
(INR Cr)
104952323326421010912184429821721
Total Debt
(INR Cr)
42959891251285440102103112109979398

Key Financial Ratios

Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
PARAMETERS202420232022202120202019201820172016201520142013201220112010
Profit As % Of Revenues 20.0%18.7%13.3%10.5%15.1%12.6%11.0%9.9%11.3%9.5%10.9%4.2%3.1%7.8%12.2%
Profit As % Of Assets 21.4%39.4%25.5%14.6%21.9%21.5%21.2%21.1%21.4%19.8%23.0%10.1%7.9%18.5%19.0%
Profit As % Of Networth 21.4%40.1%27.1%16.5%26.6%27.2%24.1%23.7%30.0%30.1%39.1%21.4%18.0%45.9%183.0%
Interest Cost to EBITDA % 0.5%0.6%1.4%3.1%2.1%0.8%2.0%3.0%4.9%6.4%9.5%19.5%---
Debt to Equity Ratio 0.000.020.060.120.200.260.140.120.400.520.701.121.271.488.66
RONW 23.8%49.4%30.7%17.8%29.5%31.2%26.3%26.7%30.0%33.1%48.6%24.0%19.8%45.9%183.0%
ROCE 31.3%65.3%38.7%21.4%31.9%43.6%37.8%34.5%34.8%33.3%44.2%21.6%12.3%25.6%23.9%