Name: Latest research reports of Fine Organic Industries Ltd. authored by Geojit BNP Paribas and published by - Trendlyne research reports.
Item: Fine Organic Industries Ltd.
Rating: 3
Author: Geojit BNP Paribas

FINE ORGANIC INDUSTRIES LIMITED

IPO Note: Fine Organic Industries Ltd.

Geojit Research

Fine Organic Industries Ltd (FOIL) is a niche player in the specialty chemical space. FOIL is a leading manufacturer of oleo-chemical based additives in India and one among few large players globally. FOIL has a product basket of 387 products, which find applications as additives in the polymer and FMCG (food, cosmetics etc) space. Further, plans to diversify into premixes for bakery & confectionary products. As on March 2018, FOIL had 631 direct customers & 127 distributors (cater to more than 5000 customers). As FY17, Plastic additives contribute 73% of...