Fineotex Chemical On A Strong Footing: Prabhudas Lilladher
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Prabhudas Lilladher Report
In our interaction with Fineotex Chemicals Ltd. the management indicated that -
1. rising preference among companies to diversify supplies beyond China, augurs well for Indian textiles players and Fineotex and
2. increased demand for chemical treatments like water and oil repellant properties, anti-microbial properties etc. along with tailored solutions to textile majors also bode well for its growth plans in domestic and export markets.
Capacity expansion will be commissioned by Q1 FY22 which management expects can potentially double revenues by FY24.
Margins are likely to improve as the company targets higher wallet share among customers.
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