Promoters Bought 24,000 Shares: Multibagger Specialty Chemicals Stock To Keep Under Radar; Ashish Kacholia Holds 2.74 Per Cent Stake
The stock gave multibagger returns of over 1,400 per cent in 5 years.
Fineotex Chemical Limited (FCL) stands as a prominent Indian multinational specialty performance chemical producer, delivering sustainable, technology-driven solutions across diverse sectors including textile & garment processing, clean and homecare, water treatment, and oil & gas. With advanced manufacturing facilities in India and Malaysia, and a new plant under construction, FCL emphasizes innovation and sustainability, serving clients globally through a wide distributor network and a NABL-accredited R&D laboratory. Notably, FCL has received government approval for AquaStrike Premium, its eco-friendly mosquito control solution, and is expanding its oil & gas and water treatment divisions, supported by a strong order pipeline and planned new plant, while also developing 15 new products and allocating over Rs 300 crore for strategic acquisitions, signifying a commitment to growth and impactful solutions.
The promoters of the company bought a total of 24,000 shares via the open market. Mr Sanjay Tibrewala bought 20,000 equity shares and Aarti Mitesh Jhunjhunwala bought 4,000 equity shares.
DSIJ’s 'Tiny Treasure' service recommends researched Small-Cap stocks with Inherent Growth Potential. If this interests you, do download the service details here.
According to Quarterly Results, the net sales decreased by 9 per cent to Rs 125.92 crore and the net profit decreased by 15 per cent to Rs 27.63 crore in Q3FY25 compared to Q3FY24. In its nine-month results, the net sales decreased by 1 per cent to Rs 413.55 crore and the net profit decreased by 2 per cent to Rs 89.08 crore in 9MFY25 compared to 9MFY24
An ace investor, Ashish Kacholia, holds 31,35,568 shares or a 2.74 per cent stake in the company as of December 2024. The company has a market cap of Rs 2,633 crore with an ROE of 30 per cent and an ROCE of 39 per cent. The stock gave multibagger returns of over 1,400 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.