Ashish Kacholia holds 2.74% stake: Company commences its new state-of-the-art Manufacturing Facility at Ambernath to expand its Production Capacity
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The stock is up by 23 per cent from its 52-week low of Rs 192.05 per share and has given multibagger returns of over 600 per cent in 5 years.
Fineotex Chemical Limited (FCL), a prominent Indian multinational specialty performance chemical manufacturer, has officially commenced operations at its new, state-of-the-art manufacturing facility in Ambernath, effective August 7, 2025. This expansion is a significant step to boost the company's production capacity. Fineotex invested approximately Rs 60 crore in this new facility, which spans an additional 7 acres, funded through internal accruals and capital raised.
The first phase of this new facility will add 15,000 metric tonnes to Fineotex's existing production capacity, enabling them to meet the increasing demand for specialty chemicals in both domestic and international markets. The plant's strategic location ensures seamless connectivity to key logistical hubs such as Jawaharlal Nehru Port (JNPT) and Bhiwandi, as well as Fineotex's current Ambernath facility, promising more efficient logistics and quicker deliveries for customers.
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About the Company
Fineotex Chemical Limited is a leading Indian multinational producer of specialty performance chemicals, offering sustainable, technology-driven solutions to industries such as textile and garment processing, home care, water treatment, and oil & gas. With existing manufacturing facilities in Ambernath (India) and Selangor (Malaysia), and a new plant planned for Ambernath, Fineotex serves clients in 69 countries through a network of 102 distributors in India. The company, supported by its NABL-accredited R&D laboratory, is committed to providing innovative, reliable, and eco-friendly solutions to meet global market needs.
The company experienced a decline in its financial performance for both the fourth quarter and the full fiscal year. In Q4FY25, net sales decreased to Rs 120 crore from Rs 153 crore in Q4 FY24, while net profit fell to Rs 20 crore from Rs 30 crore in the same period last year. Similarly, 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.
An ace investor, Ashish Kacholia, holds 31,35,568 shares or a 2.74 per cent stake in the company as of June 2025. The company has a market cap of over Rs 2,600 crore with an ROE of 18 per cent and an ROCE of 24 per cent. The stock is up by 23 per cent from its 52-week low of Rs 192.05 per share and has given multibagger returns of over 600 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.