Fine Organic Industries Ltd. share price target

The present manufacturing facilities have been operating at ~95% utilisation level. Hence, the company is coming up with incremental capex of 52,000 MTPA Ambernath (32,000 MTPA), Patalganga (10,000 MTPA) and another 10,000 MTPA capacity in JV with German partner Adcotec, of which Ambernath facility will get commissioned by the end of this month (June 2019), while the same at Patalganga is expected to get commissioned by FY21. Capex has been earmarked to the tune of | 150-160 crore for Ambernath and | 65 crore for Patalganga. The Ambernath facility will have...

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...

IPO NOTE

Largest Producer of Oleochemical-based Additives in India and one of the Few Large Players in the Oleochemicalbased Additives Industry in the World: The Company is the largest manufacturer of oleochemical-based additives in India, one of six global players in the food additives industry and one of five global players in the plastic additives industry. The 'Fine Organics' brand has a legacy of over 44 years and the brand is widely recognized in the major markets. Diversified Product Portfolio Catering to a Variety of High Growth Industries: As at March 31, 2018, The company had a range of 387 products sold under the Fine Organics'...

Fine Organic Industries Limited Issue Open: June 20 - June 22, 2018, Price Band: Rs. 780 - 783, Issue Size: 7,664,994 Equity Shares ( Entirely Offer for sale )

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...

Fine Organic Industries Ltd (FOIL) is the largest manufacturer of oleochemical-based additives in India and a strong player globally. FOIL produces a wide range of specialty plant derived oleochemical-based additives used in food, plastic, cosmetics, paint, ink, coatings and other specialty application in various industries. As at March 3..