Ashish Kacholia holds 2.74 per cent stake: Speciality chemicals company reports revenue of Rs 533 crore, PAT of Rs 109 crore and announces 40 per cent dividend
The stock gave multibagger returns of over 800 per cent in 5 years.
On Wednesday, shares of Fineotex Chemical Ltd (FCL) plunged 11 per cent to Rs 229 per share from their previous closing of Rs 257.35 per share. The stock’s 52-week high is Rs 438.60 per share, and its 52-week low is Rs 192.05 per share. The company saw a spurt in volume of more than five times on the BSE.
Fineotex Chemical Limited stands out as a leading Indian multinational producer of specialty performance chemicals, offering sustainable, technology-driven solutions to diverse sectors including textile and garment processing, home and hygiene, water treatment, and oil & gas. With advanced manufacturing facilities in Ambernath and Navi Mumbai, India, as well as Selangor, Malaysia, and an additional plant on the horizon in Ambernath, Fineotex is committed to innovation and environmental responsibility. The company boasts a significant global footprint, serving clients in sixty-nine countries through a strong network of one hundred two distributors in India, supported by an NABL-accredited R&D laboratory. This commitment ensures Fineotex continues to deliver reliable, eco-friendly, and cutting-edge solutions designed to meet the evolving demands of the global market.
The company experienced a decline in its financial performance for both the fourth quarter and the full fiscal year. In Q4 FY25, net sales decreased to Rs 120 crore from Rs 153 crore in Q4 FY24, while net profit fell to Rs 20 crore from Rs 30 crore in the same period last year. Similarly, for the full fiscal year 2025 (FY25), the company reported net sales of Rs 533 crore, down from Rs 569 crore in FY24. Net profit for FY25 also saw a decline, reaching Rs 109 crore compared to Rs 121 crore in FY24.
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The Board has proposed a final dividend of Rs 0.40 per equity share, representing 20 per cent of the face value (Rs 2 each), totalling Rs 4,58,30,036. This recommendation awaits approval from members at the upcoming Annual General Meeting. Operationally, the company achieved significant milestones, including its third consecutive NABL accreditation and GreenPro Certification for its cleaning and hygiene products, emphasising its commitment to sustainability. Further solidifying its dedication to environmental responsibility, the company also received the EcoVadis Commitment Badge. In terms of workplace culture, it was certified as a Great Place To Work for the fourth consecutive year. Additionally, the company secured the prestigious NSF 49 certification from US Certification & Inspection Limited, UK, validating the high standards of its Cleaning & Hygiene Solutions in biosafety environments. Finally, the company received government approval for AquaStrike Premium, its innovative biotechnology-based mosquito control solution.
According to Quarterly Results, the net sales decreased by 9 per cent to Rs 125.92 crore and the net profit decreased by 15 per cent to Rs 27.63 crore in Q3FY25 compared to Q3FY24. In its nine-month results, the net sales decreased by 1 per cent to Rs 413.55 crore and the net profit decreased by 2 per cent to Rs 89.08 crore in 9MFY25 compared to 9MFY24.
An ace investor, Ashish Kacholia, holds 31,35,568 shares or a 2.74 per cent stake in the company as of March 2025. The company has a market cap of over Rs 2,600 crore with an ROE of 19 per cent and an ROCE of 24 per cent. The stock gave multibagger returns of over 800 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.