Insufficient Data. So you may wish to see this freecollection of other companies that have grown earnings strongly. Know about Fineotex Chemical peers and competition. Concerned about the content? Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. Given it has a market cap of ₹7.4b, that means they have ₹4.6b worth of shares. Promoted If you’re looking to trade Fineotex Chemical, open an account with the lowest-cost* platform trusted by professionals, Interactive Brokers. So this freevisualization of the analyst consensus on future earnings could help you make the right decision about whether to buy, sell, or hold. If the reality for a company is better than it expects, you can make money by buying and holding for the long term. Fineotex Specialities FZE was incorporated in the Region of UAE on 25th January 2015. b. Indian Subsidiaries : Manya Steels Private Limited is the only Indian subsidiary. With a 58% stake, CEO Surendrakumar Tibrewala is the largest shareholder. click here to see if those insiders have been buying or selling. We aim to bring you long-term focused analysis driven by fundamental data. The consolidated sales of Fineotex Chemicals Limited (FCL) have increased from approx. If you want to know who really controls Fineotex Chemical Limited (NSE:FCL), then you'll have to look at the makeup of its share registry. Know about Fineotex Chemical peers and competition. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 337927). But to truly gain insight, we need to consider other information, too. Our research team consists of equity analysts with a public, market-beating track record. Our information suggests that there isn't any analyst coverage of the stock, so it is probably little known. ₹79.91 cr in 2012 to ₹182.33 cr in 2019, absolute growth of 128% or a CAGR of 12.5% over seven years. As you can see below, Fineotex Chemical has a higher P/E than the average company (14.7) in the chemicals industry. We note that hedge funds don't have a meaningful investment in Fineotex Chemical. Fineotex Chemical Limited is a multinational company headquartered in Mumbai, India. We'll show how you can use Fineotex Chemical Limited's (NSE:FCL) P/E ratio to inform your assessment of the investment opportunity. Get instant access to a free live streaming chart of the Fineotex Chemical Ltd Stock. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Fineotex Share Price - Buy or Invest Fineotex with India’s Leading Brokerage Platform with Groww.in. Of course you might be able to find a better stock than Fineotex Chemical. We can see that Private Companies own 3.6%, of the shares on issue. P/E ratios primarily reflect market expectations around earnings growth rates. Want to participate in a short research study? Fineotex is the only textile chemical company to be listed on the Stock Exchange of India and has been ranked amongst India’s Top 1000 Companies by National Stock Exchange of India (on the basis of Mcap). Fineotex Chemical Industries (FCI) Accredited with ISO 9001:2008 Incorporation of Fineotex Chemical Private Limited (FCPL) Acquisition of FCPL by Fineotex Chemical Limited Listed on BSE Incorporated wholly owned subsidiary in Malaysia Acquired majority stake in Biotex Group 2015 2017 2018 2019 Bonus declared on 1:1 basis However, on some occasions too much power is concentrated within this group. How far off is Fineotex Chemical Limited from its intrinsic value? Fineotex Chemical has entered the capital market on 23 rd February 2011 with a public issue of 42.11 lakh equity shares of Rs.10 each, in the price band of Rs. Therefore, you may wish to see our free collection of interesting prospects boasting favorable financials. 16th AGM of Fineotex (27th July 2019) 16th AGM of Fineotex (27th July 2019) Colourage Magazine (July 2019) Dye Chem Pharma Business News (June 2019) Insights Success (October 2018) 15 AGM of Fineotex (28 September 2018) 15 AGM of Fineotex (28 September 2018) Fineotex featured in the Dalal Street Investment Journal (July 2018) Learn more about the team behind Simply Wall St. Fineotex Chemical has ROA of 6.52662045834241 % which is a bad sign for future performance. Please read our Financial Services Guide before deciding whether to obtain financial services from us. We would expect most companies to have some institutions on the register, especially if they are growing. Find how analysts rate Fineotex Chemical . Their clients from over 200 countries and territories trade stocks, options, futures, forex, bonds and funds worldwide from a single integrated account. Fineotex has engaged in manufacturing of Specialty textile chemicals and Enzymes for Textile and Garment Industry, for Public Utility , Home and Personal Care, … The market is optimistic about the future, but that doesn't guarantee future growth. The market is optimistic about the future, but that doesn't guarantee future growth. But EPS is up 17% over the last 5 years. Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. Fineotex Chemicals is a 100% debt free 41 years old company promoted by Tibrewala family. Fineotex Chemical has a wide range of products and offers an entire range of Specialty … Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. Let's take a closer look to see what the different types of shareholders can tell us about Fineotex Chemical. The recent drop in earnings per share might keep value investors away, but the relatively strong balance sheet will allow the company time to invest in growth. Such spending might be good or bad, overall, but the key point here is that you need to look at debt to understand the P/E ratio in context. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. We are pleased to inform that Fineotex has acquired an additional plant located Near Mumbai approx 4 acres. It's important to note that the P/E ratio considers the market capitalization, not the enterprise value. Fineotex Chemical has a price to earnings ratio of 19.99, based on the last twelve months. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. Most would argue this is a positive, showing strong alignment with shareholders. Simply Wall St has no position in any stocks mentioned. 60 to Rs. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. It does not constitute a recommendation to buy or sell any stock and does not take account of your objectives, or your financial situation. The P/E ratio indicates whether the market has higher or lower expectations of a company. To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. (This is based on the year to 2018). It was acquired for diversification. Their clients from over 200 countries and territories trade stocks, options, futures, forex, bonds and funds worldwide from a single integrated account. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. I find it very interesting to look at who exactly owns a company. Analyze Promoter holdings, FII holding and DII holding trends of Fineotex Chemical Ltd Learn more about the team behind Simply Wall St. Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. Please read our Financial Services Guide before deciding whether to obtain financial services from us. But as . Fineotex Chemical Limited (NSE:FCL), which is in the chemicals business, and is based in India, saw significant share price volatility over the past couple of months on the NSEI, rising Read More Several well-known mutual funds/ investment houses like Reliance Wealth hold stake in Fineotex. This essentially means that they have significant control over the outcome or future of the company, which is why insider ownership is usually looked upon favourably by prospective buyers. However, … Fineotex Chemical is a smaller company with a market capitalization of ₹7.4b, so it may still be flying under the radar of many institutional investors. We note that hedge funds don't have a meaningful investment in Fineotex Chemical. Therefore, even if you pay a high multiple of earnings now, that multiple will become lower in the future. Note that our analysis does not factor in the latest price-sensitive company announcements.The author is an independent contributor and at the time of publication had no position in the stocks mentioned. We aim to bring you long-term focused analysis driven by fundamental data. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. 2/- each, which amounts to Rs. Fineotex Chemical up by 0.00% is trading at ₹ 82.80 today. It's therefore worth looking at Fineotex Chemical's earnings history below. So investors should always consider the P/E ratio alongside other factors, such as whether company directors have been buying shares. See fundamentals, technicals, peer comparison, shareholding change Fineotex Chemical Ltd. Live Stock Price, Analysis and Scores, Ratings, Future Prospects, Financials and News As you can see, institutional investors have a fair amount of stake in Fineotex Chemical. This article is written for those who want to get better at using price to earnings ratios (P/E ratios). Interestingly, the third-largest shareholder, Sanjay Tibrewala is also a Member of the Board of Directors, again, indicating strong insider ownership amongst the company's top shareholders. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. The proposed deployment would be approx USD 5 million for this project. 337927). With a 58% stake, CEO Surendrakumar Tibrewala is the largest shareholder. In other words, at today's prices, investors are paying ₹19.99 for every ₹1 in prior year profit. According to our data, Fineotex Chemical Limited has a market capitalization of ₹3.9b, and pays its CEO total annual compensation worth ₹5.8m. Private companies may also have a strategic interest in the company. It seems that insiders own more than half the Fineotex Chemical Limited stock. For errors that warrant correction please contact the editor at editorial-team@simplywallst.com. Simply Wall St is a financial technology startup focused on providing unbiased, high-quality research coverage on every listed company in the world. 3,32,24,526/- (Three Crore Thirty Two Lakh Twenty Four Thousand Five Hundred and Twenty Six) for the Financial year 2020-2021. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa. Get latest price forecasts, revenue forecasts and earnings forecasts of Fineotex Chemical Ltd on Tickertape. As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio. It might be worth looking deeper into this. Fineotex Chemical’s future growth appears to have been factored into the current share price, with shares trading around its fair value. Cmp-29.50. That means that the market expects Fineotex Chemical will outperform other companies in its industry. Investors should be looking to buy stocks that the market is wrong about. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. (higher values are always desirable) (higher values are always desirable) Current ratio : - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. Fineotex Chemical has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data. 0.30 per Equity Share of Face Value of Rs. Performance analysis of Fineotex Chemical Limited with 10 years historical data for Free Cash Flow, Return on Equity, Net Profit Margin, ... A company which has high return on equity is likely to grow faster in future in comparison to one that has lesser return on equity. When earnings grow, the 'E' increases, over time. *Interactive Brokers Rated Lowest Cost Broker by StockBrokers.com Annual Online Review 2020Have feedback on this article? Simply Wall St does a detailed discounted cash flow calculation every 6 hours for every stock on the market, so if you want to find the intrinsic value of any company just search here. The Discounted … 3-YEAR PRICE CHART. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa. Get live share price chart, key metrics, forecast and ratings of Fineotex Chemical Ltd - FCL on Tickertape Of course, the future is what really matters. 72 per share, aiming to raise Rs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Fineotex Chemical Limited engaged in manufacturing of Speciality chemicals, Enzymes for Textile and Garment Industry, Water Treatment Industry, Leather Industry, Construction Industry, Paint Industry Agrochemicals, Adhesives and others. Get in touch with us directly. Of course this may not be the best stock to buy. Production Capacity6,500MT p.a. Theoretically, a business can improve its earnings (and produce a lower P/E in the future), by taking on debt (or spending its remaining cash). That is not a good or a bad thing per se, but a high P/E does imply buyers are optimistic about the future. Fineotex Chemical Ltd () Stock Market info Recommendations: Buy or sell Fineotex Chemical stock? I generally like to see some degree of insider ownership, even if only a little. In other words, it does not consider any debt or cash that the company may have on the balance sheet. It’s FREE. Get detailed shareholding pattern of FCL. Fineotex Chemical Ltd., incorporated in the year 2004, is a Small Cap company (having a market cap of Rs 892.63 Crore) operating in Chemicals sector. NSEI:FCL Earnings and Revenue Growth January 22nd 2021. Show section This suggests some credibility amongst professional investors. Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. Insufficient Data. PromotedIf you're looking to trade Fineotex Chemical, open an account with the lowest-cost* platform trusted by professionals, Interactive Brokers. The company has registered double-digit growth in almost all the years under analysis, with 29.2% YoY growth for 2018-2019. Fineotex Chemical Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 22, 2021, inter alia, has recommended a dividend of Rs. Clearly, the high P/E indicates shareholders think it will! *Interactive Brokers Rated Lowest Cost Broker by StockBrokers.com Annual Online Review 2020. You can click here to see if those insiders have been buying or selling. The general public, with a 28% stake in the company, will not easily be ignored. Fineotex Chemical's P/E is 20 which is above average (15.2) in the IN market. Help shape the future of investing tools and you could win a $250 gift card! This may not be consistent with full year annual report figures. Of course, the future is what really matters. Fineotex has engaged in manufacturing of Speciality chemicals and Enzymes for Textile and Garment Industry, Water Treatment Industry, Leather Industry, Construction Industry, Paint Industry Agrochemicals, Adhesives and others. View our latest analysis for Fineotex Chemical, Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS), P/E of 19.99 = ₹33.75 ÷ ₹1.69 (Based on the trailing twelve months to December 2018.). A higher P/E ratio means that investors are paying a higher price for each ₹1 of company earnings. This article by Simply Wall St is general in nature. Using the most recent financial data, we'll take a look at whether the stock is fairly priced by projecting its future cash flows and then discounting them to today's value. Our research team consists of equity analysts with a public, market-beating track record. Fineotex Chemical Ltd. key Products/Revenue Segments include Speciality Chemicals and Export Incentives for … The rapidly changing market scenario and initial and future assessment of the impact is covered in the report. collection of other companies that have grown earnings strongly. Compare valuation, technicals, and forecasts of Fineotex Chemical Ltd against its competitors. It's therefore worth looking at Fineotex Chemical's earnings history below. Fineotex Chemical Limited (FCL) is one of the leading manufacturers of chemicals for textiles, construction, water treatment, fertilizer, leather, and paint industry. That means that the market expects Fineotex Chemical will outperform other companies in its industry. This gives them a lot of power. In comparison, the second and third largest shareholders hold about 6.0% and 2.9% of the stock. Taking a look at our data on the ownership groups (below), it seems that institutional investors have bought into the company. The Company would commence commercial operations in the future. Fineotex Chemical Ltd.-FCL, BSE:533333 Latest news, stock scores, research reports and price movements. Get the latest updates on Fineotex Chemical Ltd Future Quotes Options, Fineotex Chemical Ltd F&O Analysis and stock market breaking news, headlines at The Financial Express 25-30 crore. Since Fineotex Chemical holds net cash of ₹11m, it can spend on growth, justifying a higher P/E ratio than otherwise. This article is general in nature. Simply Wall St has no position in any of the companies mentioned. Alternatively, email editorial-team (at) simplywallst.com. A lower P/E should indicate the stock is cheap relative to others -- and that may attract buyers.