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HomeSHARE MARKETCompany Raised Rs 280 Crore; Rs 131 Crore Value Share Holding; Know...

Company Raised Rs 280 Crore; Rs 131 Crore Value Share Holding; Know Target Price

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Fineotex Chemical Ltd (NSE: FCL): Fineotex Chemical, a company owned by a seasoned investor in the stock market, has announced to the market that it has begun an effort to raise funds worth approximately 145.34 crore through the issuance of 42 lakh convertible warrants. 

Fineotex Chemical has started the process of raising funds by giving these warrants out on a preferential basis to the non-promoter and promoter investors for 346 rupees per warrant. 

Fineotex Chemical has said that during this fundraising sequence, it has begun efforts to raise 135 crore by the issue of 39 lakh shares, with a face value of 2. 

The company is trying to raise funds through the issue of shares in a preferential manner at Rs 346 per share.

Fineotex Chemical has said that an extraordinary general meeting of the company will be scheduled for the weekend of 9 March. 

At that meeting, the consent of the company members will be considered in this issue of preferential treatment. 

A meeting of Fineotex Chemical’s Board of Directors was held on February 16 during which the procedure of raising funds through the issue of preferred shares and convertible warrants have been ratified. 

The process to raise funds for Rs 145 crore was initiated through the issue of convertible warrants and shares to thirteen investors from the promoter group and non-promoter group.

Shares of Fineotex Chemical Limited has experienced an impressive rise on Monday and climbed to the price of 444.55.

Fineotex Chemical Limited is a company that has a market capitalization of Rs 4911 crore. The shares have a 52-week low of 203 and a 52-week peak of 448.85. 

In the past five days, the shares from Fineotex Chemical have given a return of 16.59 percent to investors. 

In the past month, it’s given the investors a return of 33.70 percent from the lowest of Rs 335.

A seasoned stock market investor owns a 2.8 percent share of Fineotex Chemical Limited. The expert is considered to be one of the top small-cap stocks and holds 31.35 lakh shares in Fineotex Chemical Limited and his holding value is 131 crore.

About Fineotex Chemical Ltd Company 

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, lubricant clay, shale or other inhibitors, special chemicals, loss circulation additive, disinfection, housekeeping, special oil-based drilling fluid chemicals, kitchen cleaning and textile processing chemicals, printing laundry, and dyeing chemical processing for textiles. 

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₹ 4,911 Cr.
Current Price₹ 444.55
52-wk High₹ 448.85
52-wk Low₹ 203
Stock P/E46.60
Book Value₹ 36.0
Dividend0.27 %
ROCE36.5 %
ROE28.9 %
Face Value₹ 2.00
P/B Value12.2
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 Ltd 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 Ltd Share: Last 5 Years’ Financial Condition

To gain a better understanding of 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 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.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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