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Fine Organic Industries Limited (FINEORG) Fair Value & Analysis

Basic Materials · IN · Market cap ₹161B

FO Fine Organic Industries Limited FINEORG · NSE
Price₹5,265
Fair Value₹2,313
Upside-56.1%
Quality63/100
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Healthy Growth
Solidly profitable · 17.6% net margin
Low debt · generates free cash flow
0.21% dividend yield
Mixed vs. peers (7/14)
Wide moat 72/100
Evidence: High Range ₹1,645 – ₹2,949 Share as image

Fair value as of: Aug 2, 2026

From 26 valuation models · updated 11 days ago

Share price +4.8% over the past month.

A solid business, but screening 56% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹2,949). The favourable scenario is already priced in.
  • Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

₹7,154 ₹2,457 Fair Value ₹2,313 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 ₹2,457 – ₹7,154 · fair‑value band ₹1,645 – ₹2,949 · the ₹5,265 price screens above the ₹2,313 fair value. Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

Fine Organic Industries Limited (FINEORG) currently trades at ₹5,265, while our model-based Fair Value estimate is ₹2,313, implying the stock looks roughly 56.1% overvalued today. The Quality Score stands at 63/100 (solid 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: high).

Over the trailing twelve months, Fine Organic Industries Limited generated revenue of ₹23.7B at a net margin of 17.6%. Revenue grew 2.4% year over year. It earns a return on equity of 16.8%. The balance sheet holds a net cash position of ₹13.8B. Fundamentals as of Aug 2, 2026

Our scenario range runs from ₹1,645 (bear case) to ₹2,949 (bull case); at ₹5,265, 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 about 4% below its 52-week high and 37% 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 -56%, FINEORG screens cheaper 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 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
Growth DCF ₹1,927 ₹3,009 ₹4,832 80
Residual Income ₹905.73 ₹1,240 ₹4,354 76
Rev-Margin DCF ₹1,475 ₹2,125 ₹2,960 74
All 26 models by family
DCF Models
FCF DCF ₹1,935 ₹3,107 ₹5,129 38
Owner Earnings ₹1,841 ₹2,937 ₹4,829 31
5Y Revenue Exit ₹1,475 ₹2,130 ₹2,999 39
5Y EBITDA Exit ₹1,671 ₹2,531 ₹3,594 41
5Y P/E Exit ₹2,016 ₹3,237 ₹4,627 38
10Y Revenue Exit ₹1,591 ₹2,263 ₹3,255 36
10Y EBITDA Exit ₹1,748 ₹2,556 ₹3,750 37
10Y P/E Exit ₹1,976 ₹3,072 ₹4,610 35
Earnings-Based
Graham-Dodd ₹925.02 ₹4,200 ₹5,762 54
Lynch FV ₹1,099 ₹1,570 ₹2,041 50
PEG = 1.0 ₹1,099 ₹1,570 ₹2,041 46
EPV ₹1,392 ₹1,548 ₹1,684 59
Dividend Discount
Gordon GGM ₹100.99 ₹209.99 ₹333.12 70
DDM Multi-Stage ₹100.99 ₹177.07 ₹220.39 61
Multiples
P/E Multiple ₹1,734 ₹2,313 ₹2,891 63
P/S Multiple ₹868.08 ₹1,157 ₹1,447 58
P/B Multiple ₹1,734 ₹2,313 ₹2,891 55
EV/EBIT ₹1,919 ₹2,406 ₹2,893 53
EV/EBITDA ₹1,639 ₹2,033 ₹2,427 54
EV/Revenue ₹1,268 ₹1,615 ₹1,963 43
Asset-Based
NCAV (Graham) ₹434.53 ₹582.27 ₹869.06 50
Growth DCF
Growth DCF ₹1,927 ₹3,009 ₹4,832 80
Rev-Margin DCF ₹1,475 ₹2,125 ₹2,960 74
Economic Profit
Residual Income ₹905.73 ₹1,240 ₹4,354 76
ROIC Compounder ₹1,516 ₹1,868 ₹2,314 72
Growth Earnings
Growth-Adj P/E ₹1,588 ₹2,269 ₹2,949 68

Widest divergence: DCF Models (₹2,556) versus Dividend Discount (₹177.07). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹23.7B
Revenue growth (YoY) +2.4%
Net margin 17.6%
Return on equity 16.8%
Free cash flow ₹3.5B FY2026
P/E ratio 38.5
More key figures
Operating margin 17.9%
EPS (TTM) ₹136.14
Dividend yield 0.2%
EPS growth (YoY) +21.0%
Net cash ₹13.8B FY2026

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

Quality Score breakdown

Overall quality 63/100

Of which business quality 64 · Market factors (momentum, volatility) 63

Profitability 63
Margins and returns on capital today
Quality Growth 27
Are margins and returns improving?
Cashflow 62
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 29
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 50
Price trend over the last 3–12 months (market factor)
52W Momentum 60
Distance to the 52-week high (market factor)
Net Issuance 82
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

Fine Organic Industries Limited engages in manufacture, processing, supply, distribution, dealing, import, and export of oleochemical-based additives in India and internationally.

Full company description

Fine Organic Industries Limited engages in manufacture, processing, supply, distribution, dealing, import, and export of oleochemical-based additives in India and internationally. The company offers food additives, such as emulsifiers, antifungal agents, bakery products, starch complexity agents, viscosity modifiers, anti-blooming agents, anti-splattering agents, anti-crystallisers, and nutritional enhancers. It also provides polymer additives, including lubricants, anti-fogging additives, anti-static additives, anti-scratch additives, processing aids, flow modifiers, slip and anti-blocking, additives, dispersants, and mold release agents; personal care ingredients; feed ingredients; and coating and specialty additives. The company's products are used in plastics, foods, rubbers, coatings, cosmetics, feed nutrition, and other specialty applications. Fine Organic Industries Limited was founded in 1970 and is based in Mumbai, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Fine Organic Industries Limited reported revenue of ₹23.7B in FY2026 versus ₹18.8B in FY2022, a compound +6.0%/yr. Reported net income was ₹4.2B in FY2026, compounding +12.6%/yr from FY2022.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹23.7B
Latest YoY
+4.3%
Avg. 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.
−7.8%
Avg. 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.
+15.9%
Avg. growth/yr (13Y) 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.
+12.8%
Revenue +6.0%/yr
FY22 ₹18.8B
FY23 ₹30.2B
FY24 ₹21.2B
FY25 ₹22.7B
FY26 ₹23.7B
Net income +12.6%/yr
FY22 ₹2.6B
FY23 ₹6.2B
FY24 ₹4.1B
FY25 ₹4.1B
FY26 ₹4.2B
Character of growth · EPS growth decomposed (2015-2026) +21.7 % p.a.
Revenue per share +14.0 pp

of which total revenue +14.2 pp · buybacks/dilution −0.2 pp

EBIT margin +0.3 pp
Tax rate +1.7 pp
Residual (interest, one-offs) +5.6 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

FINEORG screens 56% overvalued. Compare with Linde plc →

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Cite: Fair Value Calculator (2026). "Fine Organic Industries Limited Fair Value". https://www.fairvalue-calculator.com/stock/FINEORG

Peer Group

Specialty Chemicals · 674 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 63 · Top 25%
Fair Value upside −56% · Below median
Return on equity (TTM) 17% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 18% · Top 25%
Operating margin (TTM) 18% · Top 25%
Revenue growth 2% · Below median
Dividend yield (TTM) 0.2% · Bottom 25%
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 38.5× · Pricier than median
P/B 6.03× · Pricier than 75% of peers
P/S (TTM) 6.79× · Pricier than 75% of peers
P/FCF 0.5× · Cheaper than median
EV/EBITDA 30.4× · 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 12 · sector 19
PAST 67 · sector 23
HEALTH 99 · sector 95
DIVIDEND 4 · 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 Fine Organic Industries Limited (FINEORG) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of ₹2,313 versus a price of ₹5,265, about −56% (overvalued).
What is the fair value of FINEORG?
Our model-based fair value for Fine Organic Industries Limited is ₹2,313 (as of Aug 2, 2026), built from audited fundamentals. The current price is ₹5,265.
What is the quality score of FINEORG?
Fine Organic Industries Limited has a Quality Score of 63/100. 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 Fine Organic Industries Limited (FINEORG)?
Fine Organic Industries Limited reported trailing-twelve-month revenue of about ₹23.7B (latest available figure, as of Aug 2, 2026).
What is the net profit margin of FINEORG?
The net profit margin of Fine Organic Industries Limited is about 17.6%, meaning it keeps roughly 17.6% of revenue as net income. Based on the latest reported figures.
Does Fine Organic Industries Limited pay a dividend?
Fine Organic Industries Limited currently shows a dividend yield of about 0.21% 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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