Fineotex Chemical
Fineotex Chemical
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Sector :- SPECIALITY CHEMICAL
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Fineotex Group founded in 1979 by Mr.Surendra Tibrewala.
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Product profile covers a wide range of textile auxiliaries
& speciality chemicals for construction, water treatment, leather and
paper industry. We have further diversified into fields of synthetic
adhesives for Wood and paper.
·
In 2011, Fineotex acquired
major stake in a well-known European founded chemical manufacturing company
named ‘Biotex’ located in Malaysia as a JV with the European
partner.
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Established since 38 years producing 22,000
MT/year in India and Malaysia covering the entire range of speciality
chemicals and also supplying to most of the well known Multinational
Companies worldwide. Our plants are situated in Navi Mumbai and Selangor in
Malaysia.
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Fineotex is the only textile chemical company in India to
be Listed on the Stock Exchange and well known celebrity Mr. Amitabh Bachchan was holding approx 5% stake in Fineotex since 2011. Though Sold 6 lakh shares in
July 2016.
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Supplying to most of the well known Companies in India and
overseas
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Manufacturing entire range of products for Pretreatment
Process, Dyeing Process, Printing Process and Finishing Process process for
the textile processing.
·
Excellent quality control in products and all stages of
operation, as quality audits are been conducted by the Multinational
Companies + ISO certifying bodies
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Exporting several concentrated products to European
importers, who import and market in their own brand names.
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Already selling products in several countries across the
globe.
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Stock Info
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Market Cap
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443.53 Cr
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P/E
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20.33
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52 W High/Low
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41.70/22.80
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Face Value
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2
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EPS
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1.96
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Book Value
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9.53
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Price/Book
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4.18
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FINANCIALS :- ANNUAL RESULT :-
·
NET PROFIT INCREASING CONTINUOUSLY FROM 2014 TO 2017
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EXPECTED SAME RETURN IN NEAR FUTURE YEARS
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EPS CONTINUE INCREASING YOY FROM 2016 TO 2017 FROM 1.52 TO
NOW 1.85. Expected EPS 1.95 in FY 17 YOY.
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COMPANY CONTINUE REDUCING
DEBT.
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DEBT TO EQUITY RATIO
DECREASING FROM 0.15 IN 2012 TO NOW 0.01 IN 2017.
MEANS COMPANY IS VERTUALLY
DEBT FREE.
COMPANY
ASSET IN INCREASING YOY FROM 78.79 Cr. 2012 TO NOW IN 133.94 Cr. IN 2017
COMPANY EXHIBITION GALLARY IN VARIUOS
COUNTRIES :-
EXHIBITION AT PAKISTAN EXPO
EXHIBITION AT TEHRAN EXPO
TECHNICALS
:-
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RSI Positive
·
Technically in strong
uptrend, on the verge of breakout
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Accumulate around 35-36
Happy Investing
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New 52 week high 48.25
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