Fineotex Chemical

- November 02, 2017

Fineotex Chemical

(CMP 38.35)

Sector :- SPECIALITY CHEMICAL

· Fineotex Group founded in 1979 by Mr.Surendra Tibrewala.

· 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.

· 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.

· 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.

· Supplying to most of the well known Companies in India and overseas

· 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

· Exporting several concentrated products to European importers, who import and market in their own brand names.

· Already selling products in several countries across the globe.

· Manufacturing 500+ product . http://fineotex.com/Products.aspx \

This is a company which produces 500+ speciality chemicals which find application in Textile, construction, waste treatment and adhesives.

Stock Info
Market Cap	443.53 Cr
P/E	20.33
52 W High/Low	41.70/22.80
Face Value	2
EPS	1.96
Book Value	9.53
Price/Book	4.18

FINANCIALS :- ANNUAL RESULT :-

· NET PROFIT INCREASING CONTINUOUSLY FROM 2014 TO 2017

· EXPECTED SAME RETURN IN NEAR FUTURE YEARS

· EPS CONTINUE INCREASING YOY FROM 2016 TO 2017 FROM 1.52 TO NOW 1.85. Expected EPS 1.95 in FY 17 YOY.

· COMPANY CONTINUE REDUCING DEBT.

· 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 :-

· RSI Positive

· Technically in strong uptrend, on the verge of breakout

· Accumulate around 35-36

Happy Investing

=========================================================================

Disclaimer:-

This is a personal blog and presents entirely personal views on stock market for only education purpose. Any statement made in this blog is merely an expression of my personal opinion. These informations are sourced from publicly available data. By using/reading this blog you agree to (i) not to take any investment decision or any other important decisions based on any information, opinion, suggestion, expressions or experience mentioned or presented in this blog (ii) Any investment decisions taken if any would be his/hers sole responsibility. (iii) the author of this blog is not responsible.

Before buying any stock take advice from certified person

NOTE : THE ABOVE IS NOT A RESEARCH REPORT NOR A RECOMMENDATION BUT INFORMATION AS AVAILABLE ON PUBLIC DOMAIN.

Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”