Fine Organic Industries Share Price Target 2026, 2027, 2028, 2029, 2030
- Market Cap
- ₹15,161 Cr
- Book Value
- ₹869
- Stock P/E
- 37.1
- Dividend Yield
- 0.22%
- ROE
- 16.5%
- ROCE
- 21.5%
- PEG Ratio
- 1.34
- EV/EBITDA
- 23.1
Fundamentals from Screener.in, as of 5 Aug 2026. Live price via Yahoo Finance.
Fine Organic Industries share price today
Fine Organic Industries (NSE: FINEORG) is a global niche most investors have never heard of and most products can’t do without: oleochemical-based additives — slip agents that keep plastic films from sticking, emulsifiers that keep bread soft, anti-fog coatings, lubricants for food-contact plastics. Made from vegetable oils, not crude, which puts Fine on the right side of every green-chemistry substitution list worldwide.
The model: thousands of additives, each a tiny share of the customer’s cost and a huge share of their product’s performance — the classic specialty formula for pricing power, evidenced by a 37% five-year average ROCE and a zero-debt balance sheet. Right now it is working through a destocking trough (revenue down three years, per our flags). At 37.1×, our universe tags it wait — franchise intact, cycle unfinished.
Additives economics in a down-cycle
Fine’s additives are specified into customer formulations — changing a bread emulsifier or film-slip agent risks the product, so relationships run decades. Global food and polymer customers over-stocked through the supply-chain panic and have been draining inventories since; underlying consumption never stopped growing. The company’s response: capacity expansion (domestic and overseas) timed for the restock, funded internally as always — no debt, no dilution, patience as strategy.
Watch-items: volume recovery (the restock signal), palm/vegetable-oil input swings, new-capacity utilisation, and food-contact regulatory approvals that gate competitors.
The numbers
From our research universe snapshot (5 Aug 2026):
| Metric | Value |
|---|---|
| Market cap | ₹15,161 Cr |
| P/E (TTM) | 37.1 |
| EV/EBITDA | 23.1 |
| Operating margin | 20.3% |
| ROE / ROCE | 16.5% / 21.5% |
| Debt to equity | 0.03 |
| Sales CAGR (5y) | 15.9% |
| Profit CAGR (5y) | 27.7% |
| Promoter holding | 75.0% |
| EPS (TTM) | ₹132.8 |
Fine Organic share price target 2026 to 2030
EPS base ₹132.8 (TTM). Bear: destocking lingers, margins stay compressed — 6% growth, multiple at 24×. Base: volumes restock and capacity fills — 12% growth at 32×. Bull: green-substitution demand accelerates globally — 17% growth at 40×.
| Year | Bear (24×, +6%) | Base (32×, +12%) | Bull (40×, +17%) |
|---|---|---|---|
| 2026 | ₹3,380 | ₹4,760 | ₹6,215 |
| 2027 | ₹3,580 | ₹5,330 | ₹7,270 |
| 2028 | ₹3,795 | ₹5,970 | ₹8,510 |
| 2029 | ₹4,025 | ₹6,685 | ₹9,955 |
| 2030 | ₹4,265 | ₹7,490 | ₹11,645 |
From ₹4,930, the base case is ≈ +52% over four and a half years; the bear is −13%. Specified-in chemistry limits the damage a cycle can do — the range below is where the trough starts paying for itself.
Reasons to own Fine Organic (at the right price)
- Specified-in additives — customers risk their product to switch suppliers.
- Green chemistry: plant-based additives substitute petro-derivatives structurally.
- 37% five-year average ROCE with zero debt across the whole history.
- The trough is inventory arithmetic, not demand destruction.
- New capacity commissioned into the coming restock.
The risks: the destocking has outlasted forecasts, vegetable-oil inputs swing margins, and 75% promoter holding leaves a thin float that moves sharply.
Should you buy at the current price?
The live buy range below is for members — the trough, priced for patience.
FAQ
What is the Fine Organic share price target for 2030? Base case ≈ ₹7,490 (32× on 12% compounded growth), bear ≈ ₹4,265, bull ≈ ₹11,645. Arithmetic above.
What exactly does Fine Organic make? Additives derived from vegetable oils: slip and anti-block agents for plastic films, food emulsifiers, anti-fog additives, polymer lubricants — small-dose ingredients with outsized functional roles.
Why has revenue fallen for three years? Global customers built excess inventory during supply-chain stress and have been drawing it down. End-consumption of films and packaged food kept growing — the gap is the destock, and destocks end.
When are Fine Organic’s next results? Track the exact date on our results calendar.
This article is research and education, not personalised investment advice. We are not SEBI-registered advisers. Price targets are scenario arithmetic, not promises. Do your own research and consult a registered adviser before acting.