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Revenue
₹314 Cr
verified against source
Revenue YoY
162%
reported change
EBITDA
Pending
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Fineotex Chemical delivered a stellar Q4 FY26, with revenue surging 162% YoY to ₹314 crore and PAT jumping 118% to ₹44 crore, driven by the December 2025 acquisition of Crude Chem Technologies (CCT) and strong organic textile chemical growth. The US oilfield chemicals business contributed ~₹165 crore in Q4, with management confident of scaling to $200 million revenue by FY28 (revised from 2030). Consolidated EBITDA margin stood at 14%, with a target of 18-20% in the near term. The company is doubling CCT's manufacturing capacity and has already deployed $7 million in capex. Textile volumes grew 15% YoY, supported by improving export demand. Risks include working capital pressure (79 days) and global logistics disruptions, though management views these as manageable. The strong balance sheet (₹300+ crore cash) supports further inorganic opportunities.
Colored figures show movement against the previous available record.
Guidance to track
- Management revised the CCT revenue target from 2030 to FY28, with Q4 FY26 as the baseline run-rate of ~$90-100 million.
- Management expects blended EBITDA margins to improve to 18-20% in the near term, possibly within FY27.
- CCT's manufacturing capacity is being doubled with $7 million capex already deployed; new machines being installed.
- Agreement to acquire an additional 25% stake from founders by January 2028, increasing ownership to ~79-80%.
Risks flagged
- Working capital cycle increased to 79 days (85 days for CCT) due to global logistics disruptions and raw material shortages, which could strain cash flows.
- Management acknowledged container shortages and freight cost increases, which may impact margins if not fully passed through.
- Rapid capacity expansion and technology transfer to CCT may face operational hiccups, though management is confident.
- CCT's growth is tied to US oil and gas activity; any downturn in drilling or regulatory changes could impact demand.
Key quotes
- The quarter four numbers are the base numbers. It's not reflecting that this is all about it and this is just a base which has been set.
- The wallet share increase with the kind of customers we have right now... can easily go to 5x.
- I would not be at all surprised if we don't touch that numbers... I will be rather surprised if we don't touch it.
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