BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
HDFC Securities Report
Our optimism on Fine Organic Industries Ltd. is based on -
constant focus on research and development,
diversified product portfolio,
capacity-led expansion growth opportunity, and
leadership in oleo-chemical based additives in the domestic and global markets with a loyal customer base.
We expect Fine Organic’s profit after tax to grow at a 42% compound annual growth rate over FY22-24E, led by a 37% CAGR in Ebitda.
In the absence of any major capex over the next two years, the retuen on capital employed would expand from 19% in FY22E to 28% in FY24E.
The constant focus on R&D and availability of capacity will enable the company to remain competitive and expand its customer base.
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