Fi­neo­tex Chem­i­cal

Flash News Investment - - RECOMMENDATIONS -

Fi­neo­tex Chem­i­cal is a spe­cialty tex­tile chem­i­cal man­u­fac­turer with over 400 spe­cialty chem­i­cals and en­zymes for tex­tile, gar­ment, con­struc­tion, leather, agro-chem­i­cals, ad­he­sives and wa­ter treat­ment. It is vir­tu­ally a debt-free com­pany. The EBITDA and PAT of the com­pany grew at a CAGR of 30 per cent over the last four years. In FY17, its rev­enue has grown to Rs 75.67 crore, vs Rs 68.06 crore for FY16, re­sult­ing in growth of 11.17 per cent. Its PAT grew by 5.4 per cent YoY in FY17. The com­pany’s com­bined pro­duc­tion ca­pac­ity is of 22,000 MTPA and is plan­ning for ca­pac­ity ex­pan­sion in up­com­ing years. A large do­mes­tic de­mand for tex­tiles, growth in branded ap­parel, strength in ex­ports and op­por­tu­ni­ties for tech­ni­cal tex­tiles, to­gether pro­vide a large and grow­ing mar­ket for tex­tile chem­i­cals. Con­sid­er­ing th­ese fac­tors, we rec­om­mend our read­ers to BUY the scrip.

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