Rs 29.75 to Rs 214.05: This speciality chemical multibagger touched a fresh 52-week high!

The small-cap delivered 619.49 per cent returns in two years and today the share price is up by 7.50 per cent.

Fineotex Chemical Limited is a leading manufacturer of over 450 speciality chemicals and enzymes. It caters to multiple sectors such as textile, home care, hygiene, mining, garment, water treatment, leather, construction, paint, agrochemicals, and adhesives.  

In Q1FY23, on a consolidated basis, the company’s net sales grew by 144.56 per cent YoY to Rs 135.77 crore from Rs 63.28 crore. PBIDT (ex. OI) was reported at Rs 26.24 crore, up by 167.26 per cent YoY as compared to the year-ago period, which was Rs 9.82 crore. PAT was reported at Rs 20.31 crore against the profit of Rs 9.69 crore in the same quarter for the previous fiscal year, showcasing a YoY growth of 109.53 per cent. Meanwhile, the PAT margin stood at 14.96 per cent in Q1FY23. 

An investment of Rs 1 lakh would have become Rs 7.19 lakh in two years. On August 3, 2020, the stock price was Rs 29.75, and on August 3, 2022, the stock price was Rs 214.05, registering a growth of 619.49 per cent.  

At 12:38 pm, the shares of Fineotex Chemical Limited have rallied by 7.50 per cent and the scrip is trading at Rs 230.85. Today, the company hit a fresh 52-week high of Rs 237.90 and has a 52-week low of Rs 93.30.