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.