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HomeSTOCKSGood Rise Recorded In This Share; Advice To Buy This Share; ₹450...

Good Rise Recorded In This Share; Advice To Buy This Share; ₹450 Share Target

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Fineotex Chemical Ltd (NSE: FCL): Today, in this post we’ll discuss about Fineotex Chemical latest news, fundamentals, potential growth areas, and all sorts of information regarding this company to gain a better understanding.

We hope our analysis will provide you better insight about the company.

A good rise was recorded in the stock market in trading on Thursday. BSE Sensex was working at 74914 points an increase of 214 points. Nifty was at a level of 22705 points an increase of 64 points.

The top gainers of the stock market included shares of BPCL, Coal India, Hindalco, and Tech Mahindra, while the top losers included shares of Divi’s Lab, HDFC Life, Cipla, and SBI Life.

Talking about Nifty sectoral indices, except the Nifty Pharma index, all the sectoral indices were functioning in the green.

The Target Price Is Rs 450

If you also want to earn money by investing in penny stocks, then Brokerage house has advised you to buy shares of Finotex Chemical at the level of 450.

Finotex Chemical Limited is a chemical company with a market cap of Rs 4150 crore whose shares have a 52-week high of Rs 458 and a 52-week low of Rs 233.

At Present The Price Is Rs 374

Finotex Chemical Limited Shares was trading at Rs 374, down by one percent on Thursday.

There has been a weakness in the shares of Finotex Chemical for the last few days, although, in the last 6 months, the shares of Finotex Chemical have given a return of 20 percent to the investors. 

In the last year, shares of Finotex Chemical have given a return of 52% to investors from a low of Rs 246.

Finotex Chemical Has Given Multibagger Returns In A Long Run

From the low of Rs 41 on April 12, 2019, shares of Finotex Chemical have given a return of 812 percent to the investors.

The shares of Finotex Chemical was at a low of ₹ 23 on January 16, 2015, from where investors got a return of 1500 percent. 

Promoter Holds A Major Stake In Finotex Chemical

The revenue of Finotex Chemical, which manufactures specialty chemicals, is continuously increasing. Deven Choksi Research has said that by buying shares of Finotex Chemical you can earn good money in a few days. 

The promoter’s stake in Finotex Chemical is around 65 percent, while the stake of foreign investors is 0.8 percent and the stake of domestic institutional investors is 3.7 percent.

About Fineotex Chemical Ltd 

Fineotex Chemical Limited is an Indian-based business. This company has a stake in the production and distribution of chemicals for the textile industry, as well as auxiliaries as well as specialty chemicals. This company was established on January 30, 2004. 

The products offered by the company include printing chemicals, textiles dyeing, finishing, cleaning, oil and gas, pre-treatment and spotting fluids hygiene, etc.

The total revenue from operations is 295.55 crores. The capital invested in equity is 22.15 crores.

Fundamental Analysis of Fineotex Chemical Ltd

Market Cap₹ 4,295 Cr.
Current Price₹ 383.35
52-wk High₹ 459
52-wk Low₹ 233
Stock P/E37.2
Book Value₹ 36.0
Dividend0.32 %
ROCE36.5 %
ROE28.9 %
Face Value₹ 2.00
P/B Value10.8
OPM25.8 %
EPS₹ 10.4
Debt₹ 1.78 Cr.
Debt to Equity0.00

Fineotex Chemical Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 440₹ 485
2025₹ 490₹ 553
2026₹ 560₹ 576
2027₹ 580₹ 634
2028₹ 650₹ 687
2029₹ 690₹ 723
2030₹ 735₹ 755
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Fineotex Chemical Shareholding Pattern

Promoters Holding
Dec 202265.00%
Mar 202365.04%
June 202365.04%
Sept 202365.04%
Dec 202365.04%
FII Holding
Dec 20220.72%
Mar 20230.71%
June 20230.75%
Sept 20230.72%
Dec 20230.82%
DII Holding
Dec 20223.65%
Mar 20233.65%
June 20233.65%
Sept 20233.86%
Dec 20233.69%
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Public Holding
Dec 202230.64%
Mar 202330.62%
June 202330.56%
Sept 202330.39%
Dec 202330.46%

Fineotex Chemical Share: Last 5 Years’ Financial Condition

To better understand how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 182 Cr
2020₹ 196 Cr
2021₹ 219 Cr
2022₹ 368 Cr
2023₹ 554 Cr

Last 5 Years’ Net Profit:

2019₹ 24 Cr
2020₹ 14 Cr
2021₹ 45 Cr
2022₹ 57 Cr
2023₹ 117 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20190.01
20200.02
20210.02
20220.01
20230.02

Last 10 Years’ Profit Growth:

10 Years:30%
5 Years:31%
3 Years:64%
Current Year:46%

Last 10 years’ Return on Equity (ROE):

10 Years:21%
5 Years:22%
3 Years:25%
Last Year:29%

Sales Growth Over 10 Years:

10 Years:18%
5 Years:30%
3 Years:38%
Current Year:11%

Conclusion

This article is a complete guide about Fineotex Chemical Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. We are here to provide timely updates about the stock market and financial products to help you make better investment choices.

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