Chemicals · FINEORG
Chemicals - Organic
from 5,028 today
Fine Organic Industries posted a strong operating performance in 1QFY27, with an EBITDA growth of 42% YoY, primarily due to gross margin expansion. Backed by a strong 1QFY27, we raise our earnings estimates for FY27/FY28 by 11% each and reiterate our Sell rating with a target price of INR4,510.
Fine Organic Industries posted a strong operating performance with an EBITDA growth of 42% YoY, primarily due to gross margin expansion. Backed by a strong 1QFY27, earnings estimates for FY27/FY28 are raised by 11% each, and the stock is valued at 28x FY28E EPS with a target price of INR4,510, reiterating a Sell rating.
FINEORG reported consolidated revenue of INR6.9bn in Q1FY27, registering growth of 18% YoY and 11% QoQ, driven by improved export demand. We maintain our 'BUY' rating with a target price of INR6,357, valuing the stock at 35x FY28 EPS, as upcoming SEZ and U.S. capex projects drive long-term growth.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
