BSE Code : 541557 I Face Value (₹) : 5 I Mcap FF (Cr.) : 1,585.35 I 52 Week High / Low : ₹2,548.30 / 1,350.00
Fine Organic Industries Limited manufactures oleochemical-based additives for food, plastic, cosmetics, paint, ink and coatings. The company sells its products under the brand ‘Fine Organics’. Its products include Datem, Acetem and Lactem. It primarily manufactures three types of food additives: anti-fungal agents and preservatives, emulsifiers and other specialty additives. It manufactures a range of plastic additives such as polyolefins additives, styrenics, elastomer and thermoplastic elastomer compound additives, engineering plastic processing additives, foamed plastic product additives, polyvinyl chloride processing additives and thermosets or composite product additives. The company is also involved in the manufacturing of cosmetic and pharmaceutical additives and rubber additives. It produces anti-settling agents, thickening and anti-sagging agents, wetting and dispersing agents, defoamers, biocides and anti-mar waxes. Its subsidiaries include Fine Organics USA Inc. and Fine Organics Europe BVBA.
On the consolidated financial front, the net sales for the fourth quarter of FY20 amounted to ₹247.28 crore – a decrease of 13.02 per cent as compared to net sales of ₹284.28 crore for the fourth quarter of FY19. The decrease in sales figures for Q4FY20 can be attributed to the loss of sales during the last two weeks of March led by the virus pandemic and also on account of the logistic problems faced domestically as well as in many other countries.
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