FINEOTEX CHEMICAL 2024-25 Annual Report Analysis

Thu, 28 Aug

FINEOTEX CHEMICAL has announced its results for the year ended March 2025. Let us have a look at the detailed performance review of the company during FY24-25.

FINEOTEX CHEMICAL Income Statement Analysis

• Operating income during the year fell 6.3% on a year-on-year (YoY) basis.
• The company's operating profit decreased by 14.3% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 23.9% in FY25 as against 26.1% in FY24.
• Depreciation charges increased by 53.2% and finance costs decreased by 19.7% YoY, respectively.
• Other income grew by 47.0% YoY.
• Net profit for the year declined by 9.8% YoY.
• Net profit margins during the year declined from 21.3% in FY24 to 20.5% in FY25.

FINEOTEX CHEMICAL Income Statement 2024-25

No. of Mths Year Ending		12 Mar-24*	12 Mar-25*	% Change
Net Sales	Rs m	5,690	5,333	-6.3%
Other income	Rs m	165	243	47.0%
Total Revenues	Rs m	5,855	5,576	-4.8%
Gross profit	Rs m	1,484	1,272	-14.3%
Depreciation	Rs m	60	92	53.2%
Interest	Rs m	13	11	-19.7%
Profit before tax	Rs m	1,576	1,412	-10.4%
Tax	Rs m	365	320	-12.3%
Profit after tax	Rs m	1,210	1,092	-9.8%
Gross profit margin	%	26.1	23.9
Effective tax rate	%	23.2	22.7
Net profit margin	%	21.3	20.5

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FINEOTEX CHEMICAL Balance Sheet Analysis

• The company's current liabilities during FY25 down at Rs 671 million as compared to Rs 894 million in FY24, thereby witnessing an decrease of -25.0%.
• Current assets fell 9% and stood at Rs 3 billion, while fixed assets rose 111% and stood at Rs 6 billion in FY25.
• Overall, the total assets and liabilities for FY25 stood at Rs 8 billion as against Rs 5 billion during FY24, thereby witnessing a growth of 49%.

FINEOTEX CHEMICAL Balance Sheet as on March 2025

No. of Mths Year Ending		12 Mar-24*	12 Mar-25*	% Change
Networth	Rs m	4,466	7,305	63.6
Current Liabilities	Rs m	894	671	-25.0
Long-term Debt	Rs m	0	0	0.0
Total Liabilities	Rs m	5,482	8,146	48.6
Current assets	Rs m	2,786	2,537	-8.9
Fixed Assets	Rs m	2,623	5,537	111.1
Total Assets	Rs m	5,482	8,146	48.6

FINEOTEX CHEMICAL Cash Flow Statement Analysis

• FINEOTEX CHEMICAL's cash flow from operating activities (CFO) during FY25 stood at Rs 693 million on a YoY basis.
• Cash flow from investing activities (CFI) during FY25 stood at Rs -3 billion, an improvement of 486.2% on a YoY basis.
• Cash flow from financial activities (CFF) during FY25 stood at Rs 2 billion, an improvement of 838% on a YoY basis.
• Overall, net cash flows for the company during FY25 stood at Rs -272 million from the Rs 260 million net cash flows seen during FY24.

FINEOTEX CHEMICAL Cash Flow Statement 2024-25

Particulars	No. of months	12	12	% Change
	Year Ending	Mar-24	Mar-25
Cash Flow from Operating Activities	Rs m	970	693	-28.6%
Cash Flow from Investing Activities	Rs m	-465	-2,725	-
Cash Flow from Financing Activities	Rs m	-239	1,765	-
Net Cash Flow	Rs m	260	-272	-

Current Valuations for FINEOTEX CHEMICAL

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 9.5, an decline from the EPS of Rs 10.9 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 241.7, stands at 26.4 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 3.8 times, while the price to sales ratio stands at 5.2 times.
• The company's price to cash flow (P/CF) ratio stood at 31.6 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending		12 Mar-24*	12 Mar-25*
Sales per share (Unadj.)	Rs	51.4	46.5
TTM Earnings per share	Rs	10.9	9.5
Diluted earnings per share	Rs	10.6	9.5
Price to Cash Flow	x	33.2	31.6
TTM P/E ratio	x	34.9	26.4
Price / Book Value ratio	x	8.6	5.1
Market Cap	Rs m	38,267	37,449
Dividends per share (Unadj.)	Rs	1.6	0.8

Ratio Analysis for FINEOTEX CHEMICAL

• Solvency Ratios

Current Ratio: The company's current ratio improved and stood at 3.8x during FY25, from 3.1x during FY24. The current ratio measures the company's ability to pay short-term and long-term obligations.

Interest Coverage Ratio: The company's interest coverage ratio improved and stood at 133.1x during FY25, from 119.4x during FY24. The interest coverage ratio of a company states how easily a company can pay its interest expense on outstanding debt. A higher ratio is preferable.

• Profitability Ratios

Return on Equity (ROE): The ROE for the company declined and down at 14.9% during FY25, from 27.1% during FY25. The ROE measures the ability of a firm to generate profits from its shareholders capital in the company.

Return on Capital Employed (ROCE): The ROCE for the company declined and down at 19.5% during FY25, from 35.6% during FY24. The ROCE measures the ability of a firm to generate profits from its total capital (shareholder capital plus debt capital) employed in the company.

Return on Assets (ROA): The ROA of the company declined and down at 13.5% during FY25, from 22.3% during FY24. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending		12 Mar-24*	12 Mar-25*
Current ratio	x	3.1	3.8
Debtors’ Days	Days	891	793
Interest coverage	x	119.4	133.1
Debt to equity ratio	x	0.0	0.0
Return on assets	%	22.3	13.5
Return on equity	%	27.1	14.9
Return on capital employed	%	35.6	19.5

To see how FINEOTEX CHEMICAL has performed over the last 5 years, please visit here.

FINEOTEX CHEMICAL Share Price Performance

Over the last one year, FINEOTEX CHEMICAL share price has moved down from Rs 375.3 to Rs 241.7, registering a loss of Rs 133.6 or around 35.6%.

Overall, the S&P BSE SENSEX is down 1.1% over the year.

(To know more, check out historical annual results for FINEOTEX CHEMICAL and quarterly results for FINEOTEX CHEMICAL)