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Fineotex Chemical Limited (FCL) Fair Value & Analysis

Basic Materials · IN · Market cap ₹52.4B (≈ $555M) · ISIN INE045J01026

What is Fineotex Chemical Limited really worth?

FC Fineotex Chemical Limited FCL · BSE
Price₹51.51
Fair Value₹14.87
Upside−71.1%
Quality36/100

Below-average quality, and trading another 246% above our fair value of ₹14.87.

As of Aug 20, 2026, the fair value of Fineotex Chemical Limited is ₹14.87 per share against a price of ₹51.51, so the fair value sits 71% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Strengths

Solidly profitable · 12.1% net margin

Risks

!Expensive Growth (revenue 5y +28.9 %/yr)
!Low debt · negative free cash flow
!Moderate moat 55/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range ₹7.63 – ₹18.52

Fair value as of: Aug 20, 2026

From 17 valuation models · updated 17 days ago

Share price +33.3% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (₹18.52). The favourable scenario is already priced in.
  • Weak quality (36/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (₹7.63 to ₹18.52) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

₹51.51 ₹7.69 Fair Value ₹14.87 May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.

How to read this chart

60‑month range ₹7.69 – ₹51.51 · fair‑value band ₹7.63 – ₹18.52 · the ₹51.51 price screens above the ₹14.87 fair value. Dashed = 300-day average. As of Aug 20, 2026.

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Analysis

Fineotex Chemical Limited (FCL) currently trades at ₹51.51, while our model-based Fair Value estimate is ₹14.87, implying the stock looks roughly 246.4% overvalued today. The Quality Score stands at 36/100 (below-average quality), in the Basic Materials sector. Bull case: the DCF Models group reads highest at a median of ₹30.23 per share, and 0 of the 17 models we run sit above the ₹51.51 price. Bear case: the Dividend Discount group reads lowest at ₹1.95, and 17 of the 17 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Fineotex Chemical Limited generated revenue of ₹10.1B at a net margin of 12.1%. Revenue grew 174.8% year over year. It earns a return on equity of 14.9%. The stock trades on a trailing P/E of 125.6. Fundamentals as of Aug 20, 2026

Our scenario range runs from ₹7.63 (bear case) to ₹18.52 (bull case); at ₹51.51, 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. The share trades near its 52-week high and 171% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −58% fair-value upside, at −71%, FCL screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2026 figures, and about 5 months have passed since. In that time the company retained roughly ₹0.1786 per share, which is 1.2 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
EPV best evidence ₹8.87 ₹10.30 ₹11.55 74
ROIC Compounder ₹9.98 ₹14.31 ₹17.91 72
Owner Earnings ₹13.45 ₹30.23 ₹65.47 70
All 17 models by family
DCF Models
Owner Earnings ₹13.45 ₹30.23 ₹65.47 70
Earnings-Based
Graham-Dodd ₹6.35 ₹44.29 ₹62.15 63
Lynch FV ₹13.30 ₹19.00 ₹24.69 61
PEG = 1.0 ₹13.30 ₹19.00 ₹24.69 57
EPV best evidence ₹8.87 ₹10.30 ₹11.55 74
Dividend Discount
Gordon GGM ₹1.11 ₹2.31 ₹3.66 66
DDM Multi-Stage ₹1.11 ₹1.95 ₹2.42 67
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 ₹11.23 ₹14.87 ₹18.52 66
EV/EBITDA ₹8.97 ₹11.86 ₹14.75 67
EV/Revenue ₹7.25 ₹10.23 ₹13.22 54
Asset-Based
NCAV (Graham) ₹3.79 ₹5.08 ₹7.58 54
Economic Profit
Residual Income ₹7.07 ₹8.61 ₹20.84 69
ROIC Compounder ₹9.98 ₹14.31 ₹17.91 72
Growth Earnings
Growth-Adj P/E ₹16.63 ₹23.75 ₹30.88 67

Widest divergence: DCF Models (₹30.23) versus Dividend Discount (₹1.95). Highest evidence: EPV (74).

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Key figures & financial health

P/E ratio 125.6
P/S ratio 17.7 P/E × margin
EPS (TTM) ₹0.4100 price ÷ EPS = P/E 125.6
Dividend yield 0.3% payout 33.8%
Net margin 14.1% FY2026
Return on equity 14.9% TTM
More key figures
Profitability
Return on assets (EBIT) 19.4% avg 5y
Operating margin 14.5% TTM
Growth
Revenue (TTM) ₹10.1B TTM
Revenue growth (YoY) +175% 3y avg +14.3%
EPS growth (YoY) +88.1%
Balance sheet & cash flow
Free cash flow −₹484M FY2026

Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 36/100

Of which business quality 38 · Market factors (momentum, volatility) 82

Profitability 52
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 3
Earnings quality: real cash, not paper profit
Fin. Strength 82
Balance sheet, leverage, solvency risk
Investment 31
Disciplined investing over empire-building
Low Volatility 47
Calm price path (market factor)
Momentum 95
Price trend over the last 3–12 months (market factor)
52W Momentum 100
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Fineotex Chemical Limited engages in manufactures and sells textile chemicals, and auxiliary and specialty chemicals in India.

Full company description

Fineotex Chemical Limited engages in manufactures and sells textile chemicals, and auxiliary and specialty chemicals in India. The company provides specialty textile chemicals for pretreatment, dyeing, printing, and finishing processes, as well as enzymes; water treatment chemicals; and oil and gas chemicals comprising water and oil-based drilling fluid chemicals. It offers cleaning and hygiene products comprising disinfection, housekeeping, kitchen care and laundry products, as well as paint products. The company's products are used in textile, home care, hygiene, mining, garment, water treatment, leather, construction, paint, agrochemicals, and adhesives sectors. It exports its products. Fineotex Chemical Limited was founded in 1979 and is headquartered 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. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+14.3%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+28.9%
Avg. revenue growth/yr (7Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+23.0%
Value creation/yr (5Y, in INR) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−24.4% · in INR
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share−24.7%
Dividend yield0.3%
Operating margin (EBIT) Operating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.18.3% (2021) → 15.7% (2026) · falling
Worst earnings drop91% (2026) · in INR
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 246% 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.BSE

Peer Group

Specialty Chemicals · 695 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 36 · Bottom 25%
Fair Value upside −67% · Bottom 25%
Return on equity (TTM) 15% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 12% · Top 25%
Operating margin (TTM) 15% · Top 25%
Revenue growth 175% · 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) 125.6× · Pricier than 75% of peers
P/B 5.94× · Pricier than 75% of peers
P/S (TTM) 5.18× · Pricier than 75% of peers
EV/EBITDA 31.0× · Pricier than 75% of peers

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

Similar stocks

10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).

Stock Price Fair Value vs Fair Value
Linde plc LIN $485.35 $222.03 −54%
The Sherwin-Williams Company SHW $344.86 $143.38 −58%
Ecolab Inc ECL $286.75 $96.18 −66%
Air Products and Chemicals, Inc APD $308.09 $122.14 −60%
Givaudan SA GIVN CHF 3,282 CHF 1,498 −54%
Wanhua Chemical Group 600309 ¥77.66 ¥68.03 −12%
500820 500820 ₹2,757 ₹557.43 −80%
Novozymes A/S NSISB kr 456.40 kr 169.99 −63%
Asian Paints Limited ASIANPAINT ₹2,630 ₹696.23 −74%
PPG Industries, Inc PPG $114.22 $71.31 −38%

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Frequently asked questions

Is Fineotex Chemical Limited (FCL) overvalued or undervalued?
As of Aug 20, 2026, our model estimates a fair value of ₹14.87 versus a price of ₹51.51, about −71% upside (overvalued).
What is the fair value of FCL?
Our model-based fair value for Fineotex Chemical Limited is ₹14.87 (as of Aug 20, 2026), built from audited fundamentals. The current price: ₹51.51.
What is the quality score of FCL?
Fineotex Chemical Limited has a Quality Score of 36/100. 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 price target for Fineotex Chemical Limited (FCL)?
Our model-based price target is the fair value of ₹14.87 (as of Aug 20, 2026) from 17 valuation models. Cautious scenario ₹7.63, optimistic scenario ₹18.52. It is a calculation from audited fundamentals, not an analyst target.
What is the Fineotex Chemical Limited stock forecast for 2026?
Our models put fair value at ₹14.87, about −71% upside versus a price of ₹51.51 (overvalued). Cautious scenario ₹7.63, optimistic scenario ₹18.52. The calculation is refreshed regularly with new filings.
What is the revenue of Fineotex Chemical Limited (FCL)?
Fineotex Chemical Limited reported trailing-twelve-month revenue of about ₹10.1B (latest available figure, as of Aug 20, 2026).
What is the net profit margin of FCL?
The net profit margin of Fineotex Chemical Limited is about 12.1%, meaning it keeps roughly 12.1% 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 0.27% relative to its recent price (as of Aug 20, 2026).
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