Fine Organic (FINEORG) | Financial Analysis & Statements
Fine Organic Industries Ltd. Mid-cap Basic Materials
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Jun 2025Income Metrics
Revenue
5.9B
Gross Profit
2.4B
40.42%
Operating Income
1.1B
19.00%
Net Income
1.2B
19.90%
EPS (Diluted)
₹38.19
Balance Sheet Metrics
Total Assets
25.1B
Total Liabilities
2.2B
Shareholders Equity
23.0B
Debt to Equity
0.09
Cash Flow Metrics
Operating Cash Flow
10.2M
Free Cash Flow
-488.5M
Revenue & Profitability Trend
Quarter Income Flow
Jun 30, 2025
Annual Income Flow
2025
Fine Organic Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 22.7B | 21.2B | 30.3B | 18.8B | 11.3B |
| Cost of Goods Sold | 13.3B | 12.2B | 17.8B | 11.9B | 7.3B |
| Gross Profit | 9.4B | 9.0B | 12.4B | 6.9B | 4.1B |
| Gross Margin % | 41.4% | 42.6% | 41.1% | 36.7% | 35.9% |
| Operating Expenses | |||||
| Research & Development | - | - | - | - | - |
| Selling, General & Administrative | 465.3M | 478.0M | 443.0M | 239.2M | 186.3M |
| Other Operating Expenses | 2.3B | 1.8B | 2.4B | 2.0B | 1.0B |
| Total Operating Expenses | 2.7B | 2.3B | 2.9B | 2.3B | 1.2B |
| Operating Income | 4.6B | 4.8B | 7.9B | 3.3B | 1.5B |
| Operating Margin % | 20.3% | 22.5% | 26.1% | 17.4% | 13.5% |
| Non-Operating Items | |||||
| Interest Income | 725.7M | 481.3M | 112.5M | 60.8M | 68.3M |
| Interest Expense | 2.7M | 8.7M | 24.5M | 37.0M | 52.2M |
| Other Non-Operating Income | - | - | - | - | - |
| Pre-tax Income | 5.6B | 5.4B | 8.4B | 3.5B | 1.6B |
| Income Tax | 1.4B | 1.3B | 2.2B | 918.2M | 418.1M |
| Effective Tax Rate % | 26.1% | 24.3% | 26.5% | 26.1% | 25.8% |
| Net Income | 4.1B | 4.1B | 6.2B | 2.6B | 1.2B |
| Net Margin % | 18.1% | 19.4% | 20.4% | 13.8% | 10.6% |
| Key Metrics | |||||
| EBITDA | 6.1B | 6.0B | 8.9B | 3.9B | 2.1B |
| EPS (Basic) | ₹133.89 | ₹134.34 | ₹201.60 | ₹84.71 | ₹39.24 |
| EPS (Diluted) | ₹133.89 | ₹134.34 | ₹201.60 | ₹84.71 | ₹39.24 |
| Basic Shares Outstanding | 30659976 | 30659976 | 30659976 | 30659976 | 30659976 |
| Diluted Shares Outstanding | 30659976 | 30659976 | 30659976 | 30659976 | 30659976 |
Income Statement Trend
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Fine Organic Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 1.9B | 7.0B | 5.1B | 2.3B | 2.6B |
| Short-term Investments | 7.6B | 3.5B | 78.8M | 64.8M | 47.7M |
| Accounts Receivable | 3.3B | 3.1B | 3.5B | 3.0B | 1.6B |
| Inventory | 3.6B | 2.6B | 4.4B | 2.4B | 1.3B |
| Other Current Assets | 5.4M | 10.2M | 8.0M | 8.8M | 8.0M |
| Total Current Assets | 18.1B | 16.8B | 14.2B | 8.9B | 6.2B |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 534.1M | 499.6M | 393.1M | 360.0M | 311.1M |
| Goodwill | 25.5M | 17.0M | 14.9M | 5.7M | 5.4M |
| Intangible Assets | 25.5M | 17.0M | 14.9M | 5.7M | 5.4M |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | 1.0K | 1.0B | 743.6M | -2.0K | 621.5M |
| Total Non-Current Assets | 7.0B | 4.3B | 3.9B | 3.5B | 3.3B |
| Total Assets | 25.1B | 21.1B | 18.1B | 12.4B | 9.5B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 1.6B | 1.4B | 1.8B | 1.5B | 977.8M |
| Short-term Debt | 17.7M | 17.6M | 277.1M | 334.4M | 324.3M |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | 18.0M | 3.0M | 144.8M | 16.0M | 42.0K |
| Total Current Liabilities | 2.1B | 1.8B | 2.6B | 2.5B | 1.6B |
| Non-Current Liabilities | |||||
| Long-term Debt | 10.2M | 24.7M | 8.2M | 250.8M | 567.4M |
| Deferred Tax Liabilities | - | - | - | - | - |
| Other Non-Current Liabilities | 1.0K | - | - | - | - |
| Total Non-Current Liabilities | 10.2M | 24.7M | 8.2M | 259.5M | 611.0M |
| Total Liabilities | 2.2B | 1.9B | 2.7B | 2.8B | 2.2B |
| Equity | |||||
| Common Stock | 153.3M | 153.3M | 153.3M | 153.3M | 153.3M |
| Retained Earnings | 23.0B | 19.2B | 15.3B | 9.4B | 7.2B |
| Treasury Stock | - | - | - | - | - |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 23.0B | 19.2B | 15.4B | 9.6B | 7.3B |
| Key Metrics | |||||
| Total Debt | 28.0M | 42.3M | 285.2M | 585.3M | 891.7M |
| Working Capital | 16.0B | 15.0B | 11.6B | 6.4B | 4.7B |
Balance Sheet Composition
Fine Organic Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 5.6B | 5.4B | 8.4B | 3.5B | 1.6B |
| Depreciation & Amortization | - | - | - | - | - |
| Stock-Based Compensation | - | - | - | - | - |
| Working Capital Changes | -1.2B | 5.0B | -487.0M | -3.4B | -448.5M |
| Operating Cash Flow | 3.7B | 10.0B | 7.9B | 107.7M | 1.2B |
| Investing Activities | |||||
| Capital Expenditures | -1.3B | -860.0M | -806.9M | -603.4M | -461.3M |
| Acquisitions | -24.0K | -23.7M | -99.6M | -6.1M | 0 |
| Investment Purchases | -6.1B | - | - | - | - |
| Investment Sales | 25.0K | - | - | - | 4.3M |
| Investing Cash Flow | -7.4B | -883.7M | -906.5M | -609.8M | -471.2M |
| Financing Activities | |||||
| Share Repurchases | - | - | - | - | - |
| Dividends Paid | -306.6M | -275.9M | -275.9M | -337.3M | -92.0M |
| Debt Issuance | 9.4M | 7.3M | 4.5M | 5.4M | - |
| Debt Repayment | -6.1M | -280.3M | -368.3M | -312.7M | -355.5M |
| Financing Cash Flow | -309.3M | -821.9M | -1.0B | -644.7M | -354.7M |
| Free Cash Flow | 764.0M | 5.5B | 4.0B | 59.7M | 878.3M |
| Net Change in Cash | -4.0B | 8.3B | 6.0B | -1.1B | 338.4M |
Cash Flow Trend
Fine Organic Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
39.29
Forward P/E
36.73
Price to Book
6.30
Price to Sales
6.64
PEG Ratio
-3.70
Profitability Ratios
Profit Margin
16.90%
Operating Margin
14.53%
Return on Equity
17.88%
Return on Assets
16.35%
Financial Health
Current Ratio
11.87
Debt to Equity
0.66
Beta
0.11
Per Share Data
EPS (TTM)
₹129.46
Book Value per Share
₹807.89
Revenue per Share
₹765.57
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| FINEORG | 152.6B | 39.29 | 6.30 | 17.88% | 16.90% | 0.66 |
| Asian Paints | 2.4T | 62.11 | 12.16 | 18.28% | 11.10% | 17.61 |
| Pidilite Industries | 1.4T | 62.22 | 14.87 | 20.85% | 16.19% | 4.54 |
| Atul | 198.1B | 33.01 | 3.32 | 8.55% | 9.81% | 3.14 |
| ACUTAAS CHEMICALS | 196.1B | 68.49 | 13.88 | 12.02% | 23.62% | 0.58 |
| Ami Organics | 190.1B | 119.06 | - | 12.15% | 45.16% | 0.01 |
Financial data is updated regularly. All figures are in the company's reporting currency.





