Fine Organic Industries (FINEORG IN) – Q1FY27 Result Update – SEZ and U.S. capex to drive long-term growth – BUY
Published on 10 Aug 2026
We believe the upcoming SEZ facility and the planned U.S. manufacturing plant will act as key long-term growth catalysts for the company. The SEZ project is expected to deliver peak revenue potential of ~INR26bn, assuming an asset turnover of 3.5x, and should start contributing meaningfully to topline growth from FY28/FY29 onwards. At current valuations, FINEORG trades at ~28x FY28 EPS. We maintain our ‘BUY’ rating with a target price of INR6,357, valuing the stock at 35x FY28 EPS
