Ashish Kacholia’s Portfolio Penny Stock: FCL Announces Strategic Acquisition of a Leading U.S. Specialty Oilfield Chemicals Group
DSIJ Intelligence-1 / 05 Dec 2025/ Categories: Multibaggers, Penny Stocks, Trending
The stock is up by 29.6 per cent from its 52-week low of Rs 19.21 per share and has given multibagger returns of 475 per cent in 5 years.
Fineotex Chemical Limited (FCL), a prominent Indian multinational specialty performance chemical manufacturer (BSE: 533333 | NSE: FCL), has announced a significant strategic acquisition in the United States through its subsidiary. This move marks a major step in FCL's global expansion and drive for technological leadership in high-performance and sustainable chemical solutions. The acquired entity is the CrudeChem Technologies Group (CCT), a well-established U.S.-based specialty chemical manufacturer focusing on advanced chemical fluid additives and comprehensive oilfield chemical solutions for the global oil and gas sector. CCT, founded by three industry veterans, boasts over a decade of proven performance, strong customer trust, and long-term partnerships with major global energy producers and oilfield service companies. The acquisition of CCT, which has a world-class technical laboratory in Texas and facilities in Midland and Brookshire, is strategically positioned to leverage the burgeoning North American market, which is projected to reach USD 11.5 billion in 2025 across segments like midstream, refining, and water treatment.
CrudeChem Technologies Group's appeal lies in its leadership in environmentally responsible oilfield chemistry, aligning closely with the evolving energy landscape's focus on efficient, cost-effective, and ESG-compliant solutions throughout the oil and gas well lifecycle. The company’s vision and robust foundation of scientific depth and operational strength complement FCL's global capabilities. This landmark acquisition enables Fineotex to immediately participate and grow meaningfully in a rapidly expanding global opportunity, especially given the strong growth trends in the target market segments. The strategic integration of CCT's advanced chemical additive expertise and U.S. operational base will be transformative, significantly boosting FCL's position in the high-performance and specialty chemical domain worldwide.
Commenting on the development, Mr Sanjay Tibrewala, Executive Director, Fineotex Chemical Limited, said: “This acquisition marks a defining, remarkable moment in Fineotex's global growth journey to build a $ 200 million oil field chemical business within the coming years. The U.S. company’s outstanding technological capabilities, strong customer relationships, and commitment to sustainable performance perfectly complement our long-term vision. Together, we are creating a powerful global platform that will deliver world-class specialty solutions and set new standards of innovation and environmental responsibility in the oil and gas industry. Fineotex will hold a controlling stake and plans to gradually increase its investment and ownership over the coming years.”
About the Company
Fineotex Chemical Limited is a leading Indian multinational producer of specialty performance chemicals, offering sustainable, technology-driven solutions for industries such as textile and garment processing, home care, water treatment and oil & gas. With advanced manufacturing facilities in Ambernath (India) and Selangor (Malaysia) and a new plant planned for Ambernath, Fineotex is committed to innovation and sustainability. The company serves clients in approximately 70 countries through an extensive network of over 103 dealers and distributors in India, supported by an NABL-accredited R&D laboratory. Fineotex consistently delivers innovative, reliable and eco-friendly solutions to meet global market demands.
Fineotex Chemical's Quarterly Results show a strong financial performance, with consolidated total income rising 14.8 per cent quarter-on-quarter to Rs 146.22 crore. This was driven by solid performance in its textile chemicals and oil & gas businesses. The company's operational efficiency is highlighted by an 18.3 per cent increase in EBITDA to Rs 25.20 crore and a 24.3 per cent jump in net profit to Rs 25.03 crore. Additionally, Fineotex successfully completed a Rs 60 crore expansion project, commissioning a new manufacturing facility that adds 15,000 MTPA to its capacity to meet growing demand.
For the full fiscal year 2025 (FY25), the company reported net sales of Rs 533 crore, down from Rs 569 crore in FY24. Net profit for FY25 also saw a decline, reaching Rs 109 crore compared to Rs 121 crore in FY24. Fineotex Chemical Limited involved a 1:2 stock split (Rs 2 face value to Re 1) followed by a 4:1 bonus share issue, which significantly increased investor Ashish Kacholia's holding from 30,00,568 to 2,40,04,544 shares. This dual action is executed to boost liquidity and retail accessibility. The company has a market cap of over Rs 2,800 crore with an ROE of 18 per cent and an ROCE of 24 per cent. The stock is up by 29.6 per cent from its 52-week low of Rs 19.21 per share and has given multibagger returns of 475 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.