Fine Organic FY26 profit rises, eyes Malaysia acquisition and US plant
Fine Organic Industries Limited reported a consolidated net profit of ₹417.07 crore for FY26, up from ₹410.50 crore in FY25, with revenue rising to ₹2,482.47 crore. The company recommended a final dividend of ₹11 per share and announced an EBITDA margin of 20.4%. Strategic initiatives include acquiring an 80% stake in Malaysia's Oleofine Organics BHD for ₹82.9 crore and investing in a new US manufacturing plant in South Carolina. Domestically, the JNPA SEZ project is progressing with an estimated investment of ₹700-750 crore, targeting commercial production in the second half of FY28.
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Fine Organic Industries Limited reported a consolidated net profit of ₹417.07 crore for the financial year ended March 31, 2026, a slight increase from ₹410.50 crore in the previous year. Revenue from operations rose to ₹2,482.47 crore from ₹2,269.15 crore in FY25. The Board of Directors recommended a final dividend of ₹11 per equity share. The company announced strategic expansion plans, including the acquisition of a stake in Oleofine Organics BHD, Malaysia, and the establishment of manufacturing facilities in the United States and India.
Financial Performance
The company achieved an EBITDA margin of 20.4% for FY26. Earnings Per Share (EPS) stood at ₹136.03, compared to ₹133.89 in the prior year. For the quarter ended March 31, 2026, consolidated net profit was ₹117.49 crore, up from ₹97.12 crore in the same quarter of the previous year, while revenue for the quarter increased to ₹659.92 crore.
| Financial Metrics (Consolidated) | Year Ended Mar 31, 2026 (₹ in Cr) | Year Ended Mar 31, 2025 (₹ in Cr) |
|---|---|---|
| Revenue from Operations | 2,482.47 | 2,269.15 |
| Net Profit | 417.07 | 410.50 |
| EPS (₹) | 136.03 | 133.89 |
Strategic Expansion and Acquisitions
The Board approved the acquisition of up to an 80% stake in Oleofine Organics BHD (OFM) in Malaysia for an aggregate transaction value of approximately MYR 34.2 million (₹82.9 crore). OFM reported a turnover of approximately INR 54 crores as of January 31, 2026. This acquisition is expected to be completed within three months, subject to approvals.
Fine Organic Industries Limited is also progressing with its global manufacturing footprint. The company has infused equity of approximately USD 1.12 million (₹9.6 crores) into a US subsidiary, which has acquired 160 acres of land in South Carolina for a new manufacturing plant. Construction is expected to commence soon, with commissioning anticipated within 18 to 24 months after construction starts.
Domestic Capex and Operational Updates
The company continues to invest in its upcoming JNPA (SEZ) manufacturing project in India, with total investment in the subsidiary reaching approximately INR 192.5 crores to date. The total investment for the first phase of the SEZ project is estimated between INR 700 crores and INR 750 crores. Commercial production is expected to commence in the second half of FY28.
Additionally, the Board appointed Mr. Shailendra Nadkarni as an Additional Director (Non-Executive Independent Director) for a period of five years, effective May 19, 2026, subject to shareholder approval.
Historical Stock Returns for Fine Organic Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.22% | +3.57% | +7.58% | +11.68% | +2.52% | +68.03% |
How will the acquisition of Oleofine Organics BHD impact Fine Organic's market share in the specialty oleochemicals sector?
What are the projected revenue contributions from the new US manufacturing facility once it becomes operational?
How will the company fund the remaining capital expenditure for the JNPA SEZ project given the current investment levels?
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