Name: Latest research reports of Fine Organic Industries Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Fine Organic Industries Ltd.
Rating: 3
Author: ICICI Securities Limited

Fine Organics Industries Ltd- IPO

IPO Note: Fine Organic Industries Ltd.

ICICI Securities Limited

Fine Organics Industries Ltd (FOIL) is a speciality chemicals company operating in the high-end oleo chemicals space that is primarily used as additives in the polymer and consumer space (food, cosmetics etc). Prakash Kamat & late Ramesh Shah established FOIL in 1970's. It provides oleo chemicals to the polymer industry (Slip additive; reduces friction, packaging segment) and food industry (performance additives, processed food segment). It realises 73% of its sales from plastic additives segment and 27%of sales from food & other additives. Sales & PAT at FOIL has...