Fineotex Chemical Ltd
NSE:FCL
Fineotex Chemical Ltd
Fineotex Chemical Ltd. engages in the manufacture of chemicals for textiles, construction, water-treatment, fertilizer, leather and paint industry. The company is headquartered in Mumbai, Maharashtra and currently employs 186 full-time employees. The company went IPO on 2011-03-11. Its product categories include textile chemicals, oil and gas, and cleaning and hygiene. The company manufactures specialty textile chemicals for the entire value chain for the textile industry, including pre-treatment, dyeing, printing and finishing processes. Its water based drilling fluid chemicals include clay/ shale inhibitors, lubricant, specialty chemicals, spotting fluid and loss circulation additive. Its oil based drilling fluid chemicals include specialty oil based drilling fluid chemicals. Its cleaning and hygiene product categories include disinfection, housekeeping, kitchen care and laundry. Its main products include finishing textiles processing chemicals, printing textiles processing chemicals and dyeing textiles processing chemicals. The company supplies textile chemicals and specialty chemicals to approximately 60 countries.
Fineotex Chemical Ltd. engages in the manufacture of chemicals for textiles, construction, water-treatment, fertilizer, leather and paint industry. The company is headquartered in Mumbai, Maharashtra and currently employs 186 full-time employees. The company went IPO on 2011-03-11. Its product categories include textile chemicals, oil and gas, and cleaning and hygiene. The company manufactures specialty textile chemicals for the entire value chain for the textile industry, including pre-treatment, dyeing, printing and finishing processes. Its water based drilling fluid chemicals include clay/ shale inhibitors, lubricant, specialty chemicals, spotting fluid and loss circulation additive. Its oil based drilling fluid chemicals include specialty oil based drilling fluid chemicals. Its cleaning and hygiene product categories include disinfection, housekeeping, kitchen care and laundry. Its main products include finishing textiles processing chemicals, printing textiles processing chemicals and dyeing textiles processing chemicals. The company supplies textile chemicals and specialty chemicals to approximately 60 countries.
Strong Revenue Growth: Fineotex reported a 46% year-on-year revenue increase in Q3 FY26, reaching INR 190 crores, driven by both organic demand and international expansion.
Export Surge: Export share jumped to 48% of total revenue in Q3 FY26, up from 25% last quarter, reflecting successful global expansion initiatives.
CrudeChem Acquisition: The acquisition of US-based CrudeChem Technologies added two new plants and contributed approximately INR 50 crores in revenue for the quarter, with integration expected to drive further growth and margin improvement.
Healthy Balance Sheet: The company remains debt-free with a strong cash position of about INR 340–350 crores, even after recent acquisitions and capex.
Margin Update: Gross margins dipped slightly to 36% (from 38%), affected by raw material costs and the CrudeChem business, but management expects improvement as integration progresses.
Positive Outlook: Management reiterated confidence in reaching the $200 million revenue target by 2030 and expects FY27 revenues to cross INR 1,000 crores, with oil and gas potentially comprising up to 50% of total business.
Capacity Utilization: Overall plant utilization reached 64%, with a 39% year-on-year increase in volumes, including contributions from new acquisitions.
