Fine Organic Industries Ltd
NSE:FINEORG

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Fine Organic Industries Ltd
NSE:FINEORG
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Price: 4 978.7 INR -2.11%
Market Cap: ₹152.6B

EV/EBIT

32.8
Current
25%
More Expensive
vs 3-y average of 26.2

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
32.8
=
Enterprise Value
₹138.4B
/
EBIT
₹4.3B

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
32.8
=
Enterprise Value
₹138.4B
/
EBIT
₹4.3B

Valuation Scenarios

Fine Organic Industries Ltd is trading above its 3-year average

If EV/EBIT returns to its 3-Year Average (26.2), the stock would be worth ₹3 981.86 (20% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-42%
Maximum Upside
No Upside Scenarios
Average Downside
25%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 32.8 ₹4 978.7
0%
3-Year Average 26.2 ₹3 981.86
-20%
5-Year Average 29.7 ₹4 514.48
-9%
Industry Average 19.1 ₹2 899.44
-42%
Country Average 23.3 ₹3 531.45
-29%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
₹138.4B
/
Jan 2026
₹4.3B
=
32.8
Current
₹138.4B
/
Mar 2026
₹4.4B
=
31.2
Forward
₹138.4B
/
Mar 2027
₹4.8B
=
28.7
Forward
₹138.4B
/
Mar 2028
₹5.6B
=
24.8
Forward
₹138.4B
/
Mar 2029
₹6.3B
=
22.1
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
IN
Fine Organic Industries Ltd
NSE:FINEORG
152.6B INR 32.8 38.5
US
Sherwin-Williams Co
NYSE:SHW
83.6B USD 24.8 32.6
JP
Shin-Etsu Chemical Co Ltd
TSE:4063
12.5T JPY 17.8 26.1
US
Ecolab Inc
NYSE:ECL
76.6B USD 28.8 36.9
JP
Yasuhara Chemical Co Ltd
TSE:4957
10.8T JPY 7.1 10.5
CN
Wanhua Chemical Group Co Ltd
SSE:600309
274.4B CNY 18 20.8
CH
Givaudan SA
SIX:GIVN
26B CHF 21.5 24.2
IN
Asian Paints Ltd
NSE:ASIANPAINT
2.4T INR 45.5 61.7
DK
Novozymes A/S
CSE:NZYM B
165.6B DKK 37.9 54.8
US
PPG Industries Inc
NYSE:PPG
24.6B USD 13.5 15.6
CH
Sika AG
F:SIKA
19.9B EUR 14.2 17.5

Market Distribution

In line with most companies in India
Percentile
68th
Based on 2 572 companies
68th percentile
32.8
Low
0.4 — 15.7
Typical Range
15.7 — 34.7
High
34.7 —
Distribution Statistics
India
Min 0.4
30th Percentile 15.7
Median 23.3
70th Percentile 34.7
Max 48 145.1

Fine Organic Industries Ltd
Glance View

Market Cap
152.6B INR
Industry
Chemicals

Fine Organic Industries Ltd., a family-operated enterprise, has carved a niche for itself in the specialty additives sector, where science and commerce converge to shape everyday products. This Mumbai-based company began its journey in 1970, founded by the visionary Shah brothers. Today, it stands as an exemplar of innovation and sustainability in the chemical space, primarily dealing with oleochemical-based additives. Fine Organic harnesses its proprietary technologies to produce a vast array of emulsifiers, anti-fungal products, and other specialty additives, embedding them into products that enrich diverse industries—from foods and personal care to plastics and rubber. Their additives find their invisible yet indispensable place in everyday items, enhancing the texture of foods, extending the shelf life of baked goods, and improving the functionality of plastics. Fueling its operations and growth, Fine Organic has strategically positioned itself as a leader in manufacturing processes through its state-of-the-art production facilities. It forges strong alliances with a wide network of clients around the globe, tailoring its offerings to meet specific industry needs while emphasizing quality and safety standards. This symbiotic relationship with its clients isn't merely transactional but a collaborative effort to innovate and improve product performance and sustainability. The company’s success is driven by its robust research and development team, which continuously seeks out new applications and markets for its complex chemical solutions. By aligning closely with global trends towards ecological and health-conscious products, Fine Organic not only sustains its revenue streams but also plays a pivotal role in pushing the industry towards safer, better-performing alternatives.

FINEORG Intrinsic Value
2 583.39 INR
Overvaluation 48%
Intrinsic Value
Price ₹4 978.7
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