Fine Organic Industries Limited

BSE: 541557 NSE: FINEORG
Fine Organic Industries Limited - chemicals and materials in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L24119MH2002PLC136003 Incorporated 24 May 2002 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - NSE: FINEORG · BSE: 541557 Public Limited Company chemicals and materials BSE 500
Data last updated
Market Cap
₹15,796 Cr
FINEORG · NSE
Share Price
₹5,049.00
-2.00% today
Revenue
₹2,366 Cr
FY 2025-26 · +4.3% YoY
EBITDA
₹480 Cr
Margin 20.3%
Net Profit
₹408 Cr
FY 2025-26 · -0.5% YoY
P/E (TTM)
35.7x
P/B 5.9x
ROE
16.8%
ROCE 21.7%
Debt / Equity
0.01
Interest cover 1.0x

About Fine Organic Industries Limited

Data last updated:

Fine Organic Industries Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the specialty chemicals segment of the chemicals and materials sector. It was incorporated on 24 May 2002 and has been in existence for over 24 years.

Fine Organic Industries is part of the BSE 500 index. Its director Jayen Ramesh Shah is #840 among India's richest people (2026). Its director Mukesh Maganlal Shah and family are #852 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L24119MH2002PLC136003. Its GSTIN is 27AAACF7911Q1Z6 (Maharashtra). The company holds 3 GST registrations, of which 2 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 541557 and NSE: FINEORG.

The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹15.33 Cr. It was formerly known as Fine Organic Industries (Mumbai) Private Limited and Fine Organic Industries Private Limited. It is led by directors including Jayen Ramesh Shah (Managing Director) and Mukesh Maganlal Shah (Whole-Time Director).

Its last annual general meeting (AGM) was held on 18 August 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Fine Housem G Road Ghatkoper (E), Mumbai, Maharashtra, India – 400077.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹2,365.9 Cr, a growth of 4.3% compared to the previous year. For the same year it recorded a net profit of ₹408.28 Cr (net margin 17.3%) and EBITDA of ₹479.8 Cr (EBITDA margin 20.3%). The net worth stands at ₹2,664.52 Cr (up 16.1% YoY). Total assets are valued at ₹2,735.41 Cr (up 19% YoY).

The company has about 779 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Fine Organics. As per MCA filings, the company has open charges of ₹56 Cr and satisfied charges of ₹372.51 Cr on record. Court records list 20 cases involving the company, including 9 filed by the company and 11 filed against it. The company has 10 deals on record (9 market trades, 1 ipo); the latest was in October 2022. Its 9 peer companies in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 4 larger and 5 smaller; the largest is Ameria Minchem Private Limited with revenue of ₹2,821.59 Cr. The company has 14 MSME Form 1 returns on record between 2014 and 2024, listing 397 overdue payments to 59 micro and small suppliers.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website fineorganics.com.

Company details

CIN L24119MH2002PLC136003
Registration Number 136003
Incorporation Date 24 May 2002
ROC Mumbai
Listing Status Listed - Listed on NSE (FINEORG); Listed on BSE (541557)
Company Status Active
Date of Last AGM 18 August 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

Name history

Fine Organic Industries has undergone 2 name changes throughout its history. The company was previously known as Fine Organic Industries (Mumbai) Private Limited, and Fine Organic Industries Private Limited. The current legal name is Fine Organic Industries Limited.

Company NameStatus
Fine Organic Industries LimitedCurrent
Fine Organic Industries (Mumbai) Private LimitedPrevious
Fine Organic Industries Private LimitedPrevious

CIN history

Fine Organic Industries has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L24119MH2002PLC136003, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L24119MH2002PLC136003Current
U24119MH2002PTC136003Previous
U24119MH2002PLC136003Previous
Key People
Jayen Ramesh Shah Managing Director Mukesh Maganlal Shah Whole-Time Director Tushar Ramesh Shah Whole-Time Director

Recognitions & Rankings of Fine Organic Industries

India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#358
Valuation
₹15,600 Cr
2023 #282 2022 #215 2021 #314
Stock market indices
BSE 500

Contact details

Fine Organic Industries Limited's registered office is in Mumbai, Maharashtra. Its website is fineorganics.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    fineorganics.com
  • Social Media
  • Registered Address
    Fine Housem G Road Ghatkoper (E), Mumbai, Maharashtra, India – 400077
  • Industry
    Chemicals and Materials, Specialty Chemicals

To see the full contact details of Fine Organic Industries Limited, buy the company report.

Comprehensive company report
Fine Organic Industries Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Fine Organic Industries operates one associated brand: Fine Organics. Each brand links to its own profile.

BrandDescriptionWebsite
Fine Organics
Producer of specialty additives for foods, plastics, rubbers, paints, inks, cosmetics, coatings, and lubesfineorganics.com

Business activity

The main business activity of Fine Organic Industries is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC6Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products

To see the full business activity and turnover split of Fine Organic Industries Limited, buy the company report.

Financials of Fine Organic Industries Limited

FY 2025-26 filings available

Fine Organic Industries Limited reported revenue of ₹2,365.9 Cr (up 4.3% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹2,366 Cr
+4.3% YoY
EBITDA
₹480 Cr
-6.3% YoY
Profit After Tax
₹408 Cr
-0.5% YoY
Net Worth
₹2,665 Cr
+16.1% YoY
Total Assets
₹2,735 Cr
+19.0% YoY
Total Debt
₹68.20 Cr
+2335.7% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue2,3662,2692,1233,0231,8761,1331,038
Revenue growth+4.3%+6.9%-29.8%+61.1%+65.6%+9.2%-
EBITDA480512531829363198235
EBITDA margin+20.3%+22.6%+25.0%+27.4%+19.4%+17.5%+22.7%
Profit before tax543555544841352162216
Net profit408410412618260120165
Net profit margin+17.3%+18.1%+19.4%+20.4%+13.8%+10.6%+15.9%
EPS (₹)136.03133.89134.34201.6084.6739.2453.74
Balance sheet
Total assets2,7352,2981,9251,5701,019825751
Net worth2,6652,2951,9211,541959731619
Total debt68.202.804.2328.5258.5389.17125
Cash & bank1,4499501,049523233264210
Net working capital2,0571,6011,4991,183671498423
Cash flow
Cash from operations43020463548566.56134219
Cash from investing(430)(675)(396)(128)(31.68)(40.26)(84.74)
Cash from financing(0.22)(34.67)(58.53)(68.65)(68.19)(40.69)(36.73)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue694625555597588607517596
Revenue growth (YoY)+18.0%+3.1%+7.3%+0.3%+7.0%---
Other income24.2534.6021.1321.1346.8025.9225.4421.89
EBITDA17412993.88134123120103150
EBITDA margin+25.1%+20.6%+16.9%+22.5%+20.9%+19.7%+19.9%+25.2%
Depreciation13.8218.0413.7712.8111.7914.8413.1412.51
Interest0.902.710.460.430.520.720.420.42
Profit before tax184143101142157130115159
Tax45.4125.3026.8533.4640.2532.8031.9341.77
Net profit13811773.9310911797.1382.68117
EPS (₹)45.0638.3224.1135.4038.1931.6826.9738.30
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue2,2762,2051,9523,0291,8581,1211,026
Revenue growth+3.2%+13.0%-35.6%+63.0%+65.7%+9.3%-
EBITDA411481481781349192236
EBITDA margin+18.1%+21.8%+24.6%+25.8%+18.8%+17.1%+23.0%
Profit before tax476525493793337156217
Net profit338390368590251115166
Net profit margin+14.8%+17.7%+18.8%+19.5%+13.5%+10.3%+16.2%
EPS (₹)112.97127.09119.88192.6381.7637.4954.31
Balance sheet
Total assets2,5372,2211,8661,5511,018832763
Net worth2,5152,2181,8611,522958739631
Total debt22.782.654.2328.5258.5389.17125
Cash & bank1,306891961497216261206
Net working capital1,8401,4951,3841,150658490421
Cash flow
Cash from operations37219660643474.04135218
Cash from investing(412)(639)(429)(84.74)(56.15)(40.16)(84.24)
Cash from financing(43.52)(34.17)(58.42)(68.55)(65.39)(39.41)(34.68)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue668616529572559576522595
Revenue growth (YoY)+19.5%+7.0%+1.4%-4.0%+10.0%---
Other income23.6234.0720.0833.9232.8825.5828.8521.71
Total expenses495505444464452468417452
EBITDA17311184.60108107108104143
EBITDA margin+25.9%+18.1%+16.0%+18.9%+19.2%+18.8%+20.0%+24.0%
Depreciation12.8317.0012.8012.2811.2513.9913.0812.51
Interest0.731.740.410.390.500.500.400.41
Profit before tax18312791.47130128119120152
Tax47.6636.5823.3534.1635.5430.7630.6938.72

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 31 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue694625555597588607517596
Revenue growth (YoY)+18.0%+3.1%+7.3%+0.3%+7.0%---
Other income24.2534.6021.1321.1346.8025.9225.4421.89
EBITDA17412993.88134123120103150
EBITDA margin+25.1%+20.6%+16.9%+22.5%+20.9%+19.7%+19.9%+25.2%
Depreciation13.8218.0413.7712.8111.7914.8413.1412.51
Interest0.902.710.460.430.520.720.420.42
Profit before tax184143101142157130115159
Tax45.4125.3026.8533.4640.2532.8031.9341.77
Net profit13811773.9310911797.1382.68117
EPS (₹)45.0638.3224.1135.4038.1931.6826.9738.30
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue2,3662,2692,1233,0231,8761,1331,038
Revenue growth+4.3%+6.9%-29.8%+61.1%+65.6%+9.2%-
Other income12497.6071.8864.1532.8917.1020.19
Total expenses1,8861,7571,5922,1941,513935803
Employee cost13310997.3583.9889.2779.5772.45
EBITDA480512531829363198235
EBITDA margin+20.3%+22.6%+25.0%+27.4%+19.4%+17.5%+22.7%
Depreciation56.4152.3056.6047.8939.9046.7734.66
Interest4.122.202.434.574.946.134.82
Profit before tax543555544841352162216
Tax12614513222391.8241.8151.32
Net profit408410412618260120165
Net profit margin+17.3%+18.1%+19.4%+20.4%+13.8%+10.6%+15.9%
EPS (₹)136.03133.89134.34201.6084.6739.2453.74
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital15.3315.3315.3315.3315.3315.3315.33
Reserves & surplus2,6492,2801,9061,526944716604
Shareholders' funds (net worth)2,6652,2951,9211,541959731619
Minority interest0.000.000.000.000.000.070.05
Secured loans44.940.000.0027.2058.5389.17125
Unsecured loans23.262.804.231.320.000.000.00
Total debt68.202.804.2328.5258.5389.17125
Total liabilities2,7352,2981,9251,5701,019825751
Assets
Gross block880802658547516444419
Net block388363268214229196217
Capital work in progress64.1227.1729.7340.4414.1226.305.84
Investments38.3035.2736.1638.8030.6131.1032.80
Inventories402363261445236126132
Sundry debtors351333311351301162132
Cash & bank balances1,4499501,049523233264210
Loans & advances11816061.0710111968.9249.84
Total current assets2,3201,8061,6821,420888620524
Total current liabilities263206182237218123101
Net working capital2,0571,6011,4991,183671498423
Total assets2,7352,2981,9251,5701,019825751
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash189695515226259206108
Net cash from operating activities43020463548566.56134219
Net cash from investing activities(430)(675)(396)(128)(31.68)(40.26)(84.74)
Net cash from financing activities(0.22)(34.67)(58.53)(68.65)(68.19)(40.69)(36.73)
Net change in cash(0.83)(506)180289(33.31)53.3197.54
Closing cash1,4499501,049523233264210
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+4.3%+6.9%-29.8%+61.1%+65.6%+9.2%-
EBITDA growth-6.3%-3.6%-35.9%+128.2%+83.6%-15.9%-
PBT growth-2.2%+2.0%-35.3%+139.2%+116.8%-25.0%-7.7%
Net income growth-0.5%-0.4%-33.3%+138.1%+115.7%-26.9%-
Revenue CAGR (3Y)-7.9%+6.6%+23.3%+42.8%+21.0%+9.8%+10.1%
EBITDA CAGR (3Y)-16.7%+12.1%+39.0%+52.2%+15.9%+7.7%+17.6%
Profitability & leverage
Net income margin+17.6%+18.1%+19.4%+20.5%+13.8%+10.6%+15.9%
Return on capital employed+21.7%+26.4%+31.3%+65.3%+38.7%+21.4%+31.9%
Return on net worth+16.8%+19.5%+23.8%+49.4%+30.7%+17.8%+29.5%
Debt / equity0.010.000.010.030.090.160.23
Long-term debt / equity0.010.000.000.010.050.110.16
Interest cover0.970.480.510.581.534.052.40
Efficiency & per share
Fixed asset turnover2.813.113.525.693.912.633.12
Inventory turnover6.187.286.028.8810.378.799.40
Debtors turnover6.917.046.429.278.107.717.21
EPS (₹)136.03133.89134.34201.6084.6739.2453.74
Dividend per share (₹)11.0011.0010.009.009.0011.007.00
Book value per share (₹)869.06748.61626.57502.69312.85238.55201.86
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue668616529572559576522595
Revenue growth (YoY)+19.5%+7.0%+1.4%-4.0%+10.0%---
Other income23.6234.0720.0833.9232.8825.5828.8521.71
Total expenses495505444464452468417452
EBITDA17311184.60108107108104143
EBITDA margin+25.9%+18.1%+16.0%+18.9%+19.2%+18.8%+20.0%+24.0%
Depreciation12.8317.0012.8012.2811.2513.9913.0812.51
Interest0.731.740.410.390.500.500.400.41
Profit before tax18312791.47130128119120152
Tax47.6636.5823.3534.1635.5430.7630.6938.72
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue2,2762,2051,9523,0291,8581,1211,026
Revenue growth+3.2%+13.0%-35.6%+63.0%+65.7%+9.3%-
Other income12196.6371.6764.1033.0317.0220.51
Total expenses1,8651,7241,4712,2481,510929790
Employee cost12610391.4579.2885.3776.1769.44
EBITDA411481481781349192236
EBITDA margin+18.1%+21.8%+24.6%+25.8%+18.8%+17.1%+23.0%
Depreciation53.3251.3856.6047.8939.9046.7634.65
Interest3.041.692.324.464.896.094.78
Profit before tax476525493793337156217
Tax13013512620286.1041.3150.65
Net profit338390368590251115166
Net profit margin+14.8%+17.7%+18.8%+19.5%+13.5%+10.3%+16.2%
EPS (₹)112.97127.09119.88192.6381.7637.4954.31
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital15.3315.3315.3315.3315.3315.3315.33
Reserves & surplus2,4992,2031,8461,507943724615
Shareholders' funds (net worth)2,5152,2181,8611,522958739631
Secured loans0.000.000.0027.2058.5389.17125
Unsecured loans22.782.654.231.320.000.000.00
Total debt22.782.654.2328.5258.5389.17125
Total liabilities2,5372,2211,8661,5511,018832763
Assets
Gross block755692658547516444419
Net block268254268214229196217
Capital work in progress47.1626.7729.7340.4414.1226.305.84
Investments26218111653.0743.1143.6744.17
Inventories274275195299202109119
Sundry debtors402368348477332175145
Cash & bank balances1,306891961497216261206
Loans & advances11115858.4598.7711968.9249.85
Total current assets2,0931,6921,5631,372868614520
Total current liabilities25319717922221012499.33
Net working capital1,8401,4951,3841,150658490421
Total assets2,5372,2211,8661,5511,018832763
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash130608489209256201102
Net cash from operating activities37219660643474.04135218
Net cash from investing activities(412)(639)(429)(84.74)(56.15)(40.16)(84.24)
Net cash from financing activities(43.52)(34.17)(58.42)(68.55)(65.39)(39.41)(34.68)
Net change in cash(82.91)(477)118280(47.51)55.5398.90
Closing cash1,306891961497216261206
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+3.2%+13.0%-35.6%+63.0%+65.7%+9.3%-
EBITDA growth-14.5%+0.1%-38.5%+124.2%+81.5%-18.6%-
PBT growth-9.3%+6.3%-37.8%+135.5%+115.5%-28.0%-2.7%
Net income growth-13.4%+6.0%-37.7%+135.6%+118.1%-30.9%-
Revenue CAGR (3Y)-9.1%+5.9%+20.3%+43.5%+21.2%+9.4%+9.7%
EBITDA CAGR (3Y)-19.3%+11.3%+35.8%+49.0%+16.2%+5.4%+17.2%
Profitability & leverage
Net income margin+15.2%+17.7%+18.8%+19.5%+13.5%+10.3%+16.2%
Return on capital employed+20.1%+25.8%+29.0%+62.1%+36.9%+20.4%+31.6%
Return on net worth+14.6%+19.1%+21.7%+47.6%+29.5%+16.8%+29.2%
Debt / equity0.010.000.010.040.090.160.22
Long-term debt / equity0.000.000.000.010.050.110.16
Interest cover0.850.390.550.611.584.192.37
Efficiency & per share
Fixed asset turnover3.153.273.245.703.872.603.08
Inventory turnover8.299.387.9012.1111.979.8210.34
Debtors turnover5.926.164.737.497.337.006.58
EPS (₹)112.97127.09119.88192.6381.7637.4954.31
Dividend per share (₹)11.0011.0010.009.009.0011.007.00
Book value per share (₹)820.13723.40607.07496.46312.62240.98205.73

To see the full year-wise statements and ratios of Fine Organic Industries Limited, buy the company report.

Board of directors of Fine Organic Industries Limited

Fine Organic Industries has 11 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Mukesh Maganlal Shah
Also directs: Fine Organic Industries (Sez) Private Limited, Smoothex Chemicals Pvt Ltd
Whole-Time Director24 May 200224 Years 5 MonthsCurrent
Tushar Ramesh Shah
Also directs: Fine Organic Industries (Sez) Private Limited, Fine Zeelandia Private Limited
Whole-Time Director24 May 200224 Years 5 MonthsCurrent
Jayen Ramesh Shah
Also directs: Fine Organic Industries (Sez) Private Limited, Smoothex Chemicals Pvt Ltd, Fine Zeelandia Private Limited
Managing Director24 May 200224 Years 5 MonthsCurrent
Prakash Krishnaji Apte
Also directs: GMM Pfaudler Limited, Kotak Mahindra Investments Limited, Kotak Mahindra Prime Limited
Director13 Nov 20178 Years 11 MonthsCurrent
Mahesh Pansukhlal Sarda
Also directs: Landmark Cars Limited, Kesarjan Building Centre Private Limited
Director13 Nov 20178 Years 11 MonthsCurrent
Thiruvengadam Parthasarathi
Also directs: The Western India Plywoods Limited, The K C P Limited, Margo Biocontrols Private Limited and 4 more
Director13 Nov 20178 Years 11 MonthsCurrent
Showing 6 of 11 current directors. View all directors

Peer comparison

Fine Organic Industries Limited is compared with the 9 companies closest to it by revenue in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Ameria Minchem Private Limited₹2,821.59 Cr (FY 2025)21.0%Jaipur, Rajasthan, India
VVF (India) Limited₹2,751.92 Cr (FY 2025)25.0%Mumbai, Maharashtra, India
Tagros Chemicals India Private Limited₹2,458.65 Cr (FY 2025)32.0%Chennai, Tamil Nadu, India
Aarti Drugs Limited₹2,403.39 Cr (FY 2025)-5.0%Thane, Maharashtra, India
Fine Organic Industries Limitedthis company₹2,365.9 Cr (FY 2026)₹408.28 Cr17.3%4.3%779Mumbai, Maharashtra, India
Vinati Organics Limited₹2,292.48 Cr (FY 2025)18.0%Dist-Raigad, Maharashtra, India
Performance Chemiserve Limited₹2,185.27 Cr (FY 2025)73.0%Pune, Maharashtra, India
Iol Chemicals and Pharmaceuticals Limited₹2,101.62 Cr (FY 2025)-3.0%Barnala, Punjab, India
Rossari Biotech Limited₹2,084.3 Cr (FY 2025)13.0%Mumbai, Maharashtra, India
Kutch Chemical Industries Limited₹1,985.16 Cr (FY 2024)-33.0%New Delhi, Delhi, India

To see the full peer comparison of Fine Organic Industries Limited, buy the company report.

Auditor

Fine Organic Industries Limited is audited by B Y & ASSOCIATES for the financial year 2023.

Auditor firmFinancial yearFirm registration number
B Y & ASSOCIATESFY 2023123423W

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 75.00%, foreign institutional investors hold 4.30%, domestic institutional investors hold 11.70% and retail and other public shareholders hold 9.00%.

Promoters: 75.00%DII (Domestic Institutional): 11.70%FII (Foreign Institutional): 4.30%Retail & Others: 9.00%
Sep 2026
QUARTER
75.00% Promoters
11.70% DII (Domestic Institutional)
4.30% FII (Foreign Institutional)
9.00% Retail & Others
Promoter holding - history
Now 75.00% · Sep 2026High 75.00% · Dec 2025Low 75.00% · Dec 2025
74%74.5%75%75.5%76%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 75.00%Mar 2026: 75.00%Jun 2026: 75.00%Sep 2026: 75.00%75.00%75.00%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters75.00%75.00%75.00%75.00%
Public25.00%25.00%25.00%25.00%

Charges & borrowings

Open charges
₹56 Cr
Satisfied charges
₹372.51 Cr
Breakdown by lending institutions
Citi Bank N.A.₹40.00 Cr
Hdfc Bank Limited₹16.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
01 Sep 2021100483319Hdfc Bank Limited₹16 CrOpen
10 Jan 201310398847Citi Bank N.A.₹40 CrOpen
23 Jul 2018100200242Citi Bank N.A.₹125 CrSatisfied
30 Dec 201310479951Union Bank of India₹30 CrSatisfied
30 Dec 201310479960Union Bank of India₹3.25 CrSatisfied

To see the full charge records of Fine Organic Industries Limited, buy the company report.

Total charge records: 18 View all charges

Deals & funding

Fine Organic Industries Limited has 10 deals on record (9 market trades, 1 ipo); the latest was in October 2022.

Total deals
10
Market trades
9
IPO
1

Deals on record (5 of 10)

WhenDealAmountParties
Oct 2022Market trade₹26.64 CrBuyer: Ishares Msci India Small-Cap Etf, an individual
Seller: Ishares Core Emerging Markets Mauritius Co, Ishares India Sc Mauritius Company
Oct 2022Market trade₹24.96 CrBuyer: Ishares Msci India Small-Cap Etf, an individual
Seller: Ishares Core Emerging Markets Mauritius Co, Ishares India Sc Mauritius Company
Oct 2022Market trade₹12.67 CrBuyer: Ishares Msci India Small-Cap Etf, an individual
Seller: Ishares Core Emerging Markets Mauritius Co, Ishares India Sc Mauritius Company
Sep 2022Market trade₹23.62 CrBuyer: Ishares Msci India Small-Cap Etf, an individual
Seller: Ishares Core Emerging Markets Mauritius Co, Ishares India Sc Mauritius Company
Dec 2021Market trade₹83.02 CrBuyer: Imco Emerging Markets Public Equity Lp
Seller: Ontario Pension Board

To see the full deal history of Fine Organic Industries Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Fine Organic Industries Limited was last rated by Icra on 18 Apr 2022.

Rating agencyRated onRating
Icra18 Apr 2022

To see the full credit ratings and regulatory alerts of Fine Organic Industries Limited, buy the company report.

MSME payment delays

Fine Organic Industries Limited has 14 MSME Form 1 returns on record between 2014 and 2024, listing 397 overdue payments to 59 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 59)

SupplierAmount dueDue sinceReported on
Kewaunee Labway India Private Limited
Spectralab Instruments Private Limited
Supertech Instrumentation Services (India) Private Limited
an individual supplier
an individual supplier

To see the full MSME payment records of Fine Organic Industries Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Fine Organic Industries has 1 joint venture. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.

1
Joint ventures

Employees & EPFO

Fine Organic Industries Limited has a workforce of 779 employees on its EPFO records as of Apr 06, 2024, across 3 active EPFO establishments.

Employee count
779
Active EPFO establishments
3
Employee growth
6.13%

GST

Fine Organic Industries has 3 GST registrations: 2 active and 1 cancelled or inactive.

Total GSTINs
3
Active
2
Cancelled / inactive
1
GSTINStateStatusRegistered on
27AAACF7911Q1Z6MaharashtraActive01 Jul 2017
06AAACF7911Q1ZAHaryanaActive18 Apr 2023

To see the full GST registrations and return filing status of Fine Organic Industries Limited, buy the company report.

Recent activity

Fine Organic Industries Limited has 19 board changes on record since 2002: 15 appointments and 4 cessations. The latest: Shailendra Govind Nadkarni was appointed as Director on 19 May 2026.

AGM
Fine Organic Industries Limited last Annual general meeting of members was held on 18 Aug 2026 as per latest MCA records.
Appointed
Shailendra Govind Nadkarni was appointed as Director.
Filing
Fine Organic Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
Ceased
Pratima Madhukar Umarji ceased to be Director.
Appointed
Rashi Hrushikesh Mehta was appointed as Director.
Charges
A charge registered on 23 Jul 2018 via Charge ID 100200242 with Citi Bank N.A. was fully satisfied on 26 Dec 2023.
Appointed
Nikhil Dattatraya Kamat was appointed as Whole-Time Director.
Ceased
Prakash Damodar Kamat ceased to be Whole-Time Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 16.00 Cr with Charge ID 100483319 was registered on 01 Sep 2021.
Charges
A charge registered on 30 Dec 2013 via Charge ID 10479960 with Union Bank Of India was fully satisfied on 18 Mar 2021.
Charges
A charge registered on 11 Aug 2006 via Charge ID 10019854 with Union Bank Of India was fully satisfied on 18 Mar 2021.
Charges
A charge registered on 17 Jul 2006 via Charge ID 10010471 with Union Bank Of India was fully satisfied on 18 Mar 2021.

58 earlier events are in the company report.

News

Frequently asked questions

Fine Organic Industries is an active public limited company based in Mumbai, Maharashtra, India. The company works in specialty chemicals, within the chemicals and materials industry. It was incorporated on 24 May 2002 (24+ years old) and is registered under CIN L24119MH2002PLC136003. Listed on BSE: 541557 and NSE: FINEORG.

Fine Organic Industries reported revenue of ₹2,365.9 Cr for FY 2025-26 (up 4.3% YoY) based on consolidated financials.

Fine Organic Industries has 11 current directors:

The latest financial statements of Fine Organic Industries on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 18 August 2026. Year-wise statements from 2015 are in the company report.

The GSTIN of Fine Organic Industries is 27AAACF7911Q1Z6, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 06AAACF7911Q1ZA (Haryana).

The CIN (Corporate Identification Number) of Fine Organic Industries is L24119MH2002PLC136003. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Fine Organic Industries is a listed company as per MCA records. Its shares are listed on both BSE (code: 541557) and NSE (symbol: FINEORG).

Fine Organic Industries has 20 court cases on record: 9 filed by the company and 11 filed against it. Most are in the district courts.

Fine Organic Industries was incorporated on 24 May 2002, making it 24+ years old. It is registered with the Registrar of Companies, Mumbai.

Fine Organic Industries has 10 deals on record (9 market trades, 1 ipo); the latest was in October 2022.

The peers of Fine Organic Industries by revenue are Ameria Minchem Private Limited, VVF (India) Limited, Tagros Chemicals India Private Limited, Aarti Drugs Limited, Vinati Organics Limited and 4 more, all in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).

Shailendra Govind Nadkarni was appointed as Director on 19 May 2026. Pratima Madhukar Umarji ceased to be Director on 03 Nov 2025. Rashi Hrushikesh Mehta was appointed as Director on 02 Feb 2024. Fine Organic Industries has 19 board changes on record in total.