Company Overview
Fine Organic Industries Limited (BSE: 541557, NSE: FINEORG) submitted its Annual Report for FY 2025-26 to BSE and NSE under SEBI Regulation 34(1), containing audited financial statements, management discussion, corporate governance report, and notice of the 24th Annual General Meeting scheduled for August 18, 2026.
Financial Performance
Standalone Results: Revenue from operations grew 4.26% to ₹2,275.96 crore (FY25: ₹2,205.19 crore), while net profit declined 11.1% to ₹346.38 crore (FY25: ₹389.66 crore). EBITDA stood at ₹532.37 crore with a margin of 23.39%. The company maintained a debt-free status with current ratio of 7.96 and return on capital employed of 19.00%.
Dividend Declaration: Recommended final dividend of ₹11 per equity share (total payout ₹33.73 crore), payable from August 24, 2026 with record date of July 31, 2026.
Cash Flow & Balance Sheet: Cash and cash equivalents decreased sharply to ₹47.30 crore from ₹130.21 crore, impacted by increased capital work-in-progress (₹62.50 crore from ₹26.08 crore) and investments in subsidiaries. Trade receivables increased to ₹401.67 crore while inventory remained stable at ₹274.29 crore.
Expansion & Subsidiaries
The company is pursuing significant global expansion through:
- Acquisition of 159.9 acres near Jonesville, South Carolina, USA for manufacturing facility
- Incorporation of Fine Organics FZE in Dubai to enhance GCC region presence
- Ongoing ₹750 crore greenfield SEZ project at Jawaharlal Nehru Port Authority (30-acre plot on 60-year lease)
Subsidiary Performance: Fine Organics (USA) Inc reported PAT of ₹54.21 crore, Fine Organics Europe BV PAT of ₹10.73 crore, while Fine Organic Industries (SEZ) Private Limited incurred loss of ₹10.14 crore as operations are yet to commence.
Corporate Governance & AGM Matters
The Board comprises 10 Directors (5 Executive, 5 Non-Executive Independent). Key AGM agenda items include:
- Adoption of FY26 financial statements
- Declaration of final dividend
- Re-appointment of Mr. Nikhil Kamat as Director
- Appointment of Mr. Shailendra Nadkarni as Independent Director for 5 years
- Ratification of cost auditor remuneration for FY27
- Significant remuneration increases for five directors (monthly caps raised to ₹75 lakh for four executives)
Regulatory Compliance & Disclosures
The company complied with all SEBI Listing Regulations with no material orders from regulators/courts. Implemented new labour codes resulting in incremental gratuity provision of ₹711.42 lakhs. Maintained six zero-liquid discharge plants and reported 54-56% export contribution to revenue.
Risk Factors
Disclosed risks include global economic slowdown, freight and logistics disruptions from geopolitical events, changing environmental regulations, commodity price volatility in vegetable oil feedstocks, and foreign exchange currency risks.