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Fineotex Chemical Limited (FCL) Fair Value & Analysis

Basic Materials · IN · Market cap ₹47.9B

FC Fineotex Chemical Limited FCL · NSE
Price₹41.64
Fair Value₹12.67
Upside-69.6%
Quality34/100
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Expensive Growth
Solidly profitable · 14.1% net margin
Low debt · negative free cash flow
0.30% dividend yield
Mixed vs. peers (6/13)
Moderate moat 54/100
Evidence: Medium Range ₹6.01 – ₹15.78 Share as image

Fair value as of: Aug 2, 2026

From 17 valuation models · updated 8 days ago

Share price +14.4% over the past month.

Below-average quality, and screening another 70% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹15.78). The favourable scenario is already priced in.
  • Weak quality (34/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The model range is unusually wide (₹6.01 to ₹15.78). The outcome hinges heavily on assumptions, so read the point estimate with caution.
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Price vs Fair Value (5 years)

₹15,378 ₹6.09 Fair Value ₹12.67 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.

How to read this chart

60‑month range ₹6.09 – ₹15,378 · fair‑value band ₹6.01 – ₹15.78 · the ₹41.64 price screens above the ₹12.67 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

Fineotex Chemical Limited (FCL) currently trades at ₹41.64, while our model-based Fair Value estimate is ₹12.67, implying the stock looks roughly 69.6% overvalued today. The Quality Score stands at 34/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Fineotex Chemical Limited generated revenue of ₹7.7B at a net margin of 14.1%. Revenue grew 161.9% year over year. It earns a return on equity of 14.9%. The balance sheet holds a net cash position of ₹380M. Fundamentals as of Aug 2, 2026

Our scenario range runs from ₹6.01 (bear case) to ₹15.78 (bull case); at ₹41.64, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at -70%, FCL screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income ₹7.07 ₹8.61 ₹20.84 76
ROIC Compounder ₹8.53 ₹11.75 ₹14.86 72
Gordon GGM ₹1.11 ₹2.31 ₹3.66 70
All 17 models by family
DCF Models
Owner Earnings ₹13.41 ₹30.05 ₹64.99 31
Earnings-Based
Graham-Dodd ₹6.35 ₹44.29 ₹62.15 54
Lynch FV ₹17.66 ₹25.22 ₹32.79 50
PEG = 1.0 ₹17.66 ₹25.22 ₹32.79 46
EPV ₹7.99 ₹9.27 ₹10.38 59
Dividend Discount
Gordon GGM ₹1.11 ₹2.31 ₹3.66 70
DDM Multi-Stage ₹1.11 ₹1.95 ₹2.42 61
Multiples
P/E Multiple ₹11.91 ₹15.88 ₹19.85 63
P/S Multiple ₹7.46 ₹9.95 ₹12.43 58
P/B Multiple ₹11.91 ₹15.88 ₹19.85 55
EV/EBIT ₹11.30 ₹14.95 ₹18.60 53
EV/EBITDA ₹9.04 ₹11.94 ₹14.83 54
EV/Revenue ₹7.33 ₹10.31 ₹13.30 43
Asset-Based
NCAV (Graham) ₹3.79 ₹5.08 ₹7.58 50
Economic Profit
Residual Income ₹7.07 ₹8.61 ₹20.84 76
ROIC Compounder ₹8.53 ₹11.75 ₹14.86 72
Growth Earnings
Growth-Adj P/E ₹20.62 ₹29.46 ₹38.29 68

Widest divergence: DCF Models (₹30.05) versus Dividend Discount (₹1.95). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) ₹7.7B
Revenue growth (YoY) +162%
Net margin 14.1%
Return on equity 14.9%
Free cash flow −₹476M FY2026
P/E ratio 37.7
More key figures
Operating margin 12.5%
EPS (TTM) ₹1.09
Dividend yield 0.3%
EPS growth (YoY) +116%
Net cash ₹380M FY2026

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 34/100

Of which business quality 36 · Market factors (momentum, volatility) 71

Profitability 50
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 3
Earnings quality: real cash, not paper profit
Fin. Strength 83
Balance sheet, leverage, solvency risk
Investment 31
Disciplined investing over empire-building
Low Volatility 49
Calm price path (market factor)
Momentum 98
Price trend over the last 3–12 months (market factor)
52W Momentum 50
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Fineotex Chemical Limited manufactures and sells textile chemicals, auxiliaries, and specialty chemicals in India and United States.

Full company description

Fineotex Chemical Limited manufactures and sells textile chemicals, auxiliaries, and specialty chemicals in India and United States. The company provides textile chemicals for pre-treatment, dyeing, printing, and finishing processes, as well as enzymes; water treatment chemicals; and oilfield chemicals, such as drilling fluids, cementing fluids, production chemicals, and fracturing solutions. It also offers cleaning and hygiene products, including disinfection, housekeeping, kitchen and personal care, and laundry products. The company's products are used in textile, home care, hygiene, mining, garment, water treatment, leather, construction, paint, agrochemicals, and adhesives sectors. It also exports its products. The company was founded in 1979 and is based in Mumbai, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Fineotex Chemical Limited reported revenue of ₹7.7B in FY2026 versus ₹3.7B in FY2022, a compound +20.5%/yr. Reported net income was ₹1.1B in FY2026, compounding +18.5%/yr from FY2022.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹7.7B
Latest YoY
+44.8%
Avg. growth/yr (3Y)
+14.3%
Avg. growth/yr (5Y)
+28.9%
Avg. growth/yr (19Y)
+41.9%
Revenue +20.5%/yr
FY22 ₹3.7B
FY23 ₹5.2B
FY24 ₹5.7B
FY25 ₹5.3B
FY26 ₹7.7B
Net income +18.5%/yr
FY22 ₹552M
FY23 ₹883M
FY24 ₹1.2B
FY25 ₹1.1B
FY26 ₹1.1B

FCL screens 70% overvalued. Compare with Linde plc →

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Cite: Fair Value Calculator (2026). "Fineotex Chemical Limited Fair Value". https://www.fairvalue-calculator.com/stock/FCL

Peer Group

Specialty Chemicals · 676 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 34 · Bottom 25%
Fair Value upside −70% · Bottom 25%
Return on equity (TTM) 15% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 14% · Top 25%
Operating margin (TTM) 13% · Above median
Revenue growth 162% · Top 25%
Dividend yield (TTM) 0.3% · Bottom 25%
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 37.7× · Pricier than median
P/B 5.42× · Pricier than 75% of peers
P/S (TTM) 6.20× · Pricier than 75% of peers
EV/EBITDA 35.2× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 100 · sector 19
PAST 60 · sector 23
HEALTH 100 · sector 95
DIVIDEND 6 · sector 25

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

Stock Price Fair Value vs Fair Value
Linde plc LIN $489.98 $222.03 -55%
Nan Ya Plastics Corporation 1303 181.50 TWD 255.83 TWD +41%
Wanhua Chemical Group 600309 ¥70.04 ¥68.03 -3%
Novozymes A/S NSISB kr 428.20 kr 179.66 -58%
Asian Paints Limited ASIANPAINT ₹2,689 ₹668.81 -75%
Solar Industries India Limited SOLARINDS ₹18,236 ₹2,793 -85%
Pidilite Industries Limited PIDILITIND ₹1,560 ₹351.84 -77%
PT Chandra Asri Pacific Tbk TPIA 1,805 IDR 2,888 IDR +60%
Linde India Limited LINDEINDIA ₹7,115 ₹757.93 -89%
Berger Paints India Limited BERGEPAINT ₹493.70 ₹164.29 -67%

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Frequently asked questions

Is Fineotex Chemical Limited (FCL) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of ₹12.67 versus a price of ₹41.64, about −70% (overvalued).
What is the fair value of FCL?
Our model-based fair value for Fineotex Chemical Limited is ₹12.67 (as of Aug 2, 2026), built from audited fundamentals. The current price is ₹41.64.
What is the quality score of FCL?
Fineotex Chemical Limited has a Quality Score of 34/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Fineotex Chemical Limited (FCL)?
Fineotex Chemical Limited reported trailing-twelve-month revenue of about ₹7.7B (latest available figure, as of Aug 2, 2026).
What is the net profit margin of FCL?
The net profit margin of Fineotex Chemical Limited is about 14.1%, meaning it keeps roughly 14.1% of revenue as net income. Based on the latest reported figures.
Does Fineotex Chemical Limited pay a dividend?
Fineotex Chemical Limited currently shows a dividend yield of about 0.30% relative to its recent price (as of Aug 2, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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