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 Margins: Fineotex delivered a significant sequential improvement in gross and EBITDA margins for Q2 FY '26, driven by operational efficiency and a more favorable product mix.
Flat Revenue: Despite a robust order pipeline, revenue remained largely flat quarter-on-quarter due to geopolitical headwinds, notably U.S. tariffs impacting the textile segment.
Business Diversification: Growth in oil and gas and FMCG segments offset weakness in textiles, with oil and gas now making up about 7% of revenues and expanding rapidly.
Capacity Ramp-Up: New plant commissioning contributed to a 3–4% volume growth; management expects volume growth to accelerate to about 15% for the full year as new capacity stabilizes.
Corporate Actions: Shareholder-friendly moves included a 4:1 bonus issue, a 1:2 stock split, and an interim dividend of INR 0.80 per share.
Positive Outlook: Management is optimistic for a stronger second half, expecting recovery in textile demand and maiden government orders for Aquastrike.
