August 10, 2024

To,
The General Manager, The Manager,
Listing Department, Listing & Compliance Department
Bombay Stock Exchange Limited, The National Stock Exchange of India Limited
P.J. Towers, Dalal Street, Exchange Plaza, Bandra Kurla Complex,
Mumbai – 400 001 Bandra East, Mumbai - 400051
Company code: 533333 Company code: FCL

Subject: - Earning Presentation under Regulation 30 Schedule III Part A Para A of SEBI (Listing
Obligation & Disclosure Requirements) Regulation, 2015

Dear Sir/Madam,

Pursuant to the Regulation 30 of Securities and Exchange Board of India (Listing Obligation and Disclosure
Requirements) Regulation 2015, please find enclosed a copy of Earning Presentation of the Company for
Q1 ended 30 th June, 2024.

The above information is also available on the website of the Company i.e. www.fineotex.com

This is for your information and records.

Thanking you,

Yours faithfully,
For FINEOTEX CHEMICAL LIMITED
SUNNY Digitally signed by SUNNY
BHARATBHAI PARMAR
BHARATBHAI Date: 2024.08.10 16:16:43
PARMAR +05'30'

Sunny Parmar
Company Secretary & Compliance Officer

Encl: As above
 Fineotex Chemical Limited
(BSE: 533333; NSE: FCL)
Textile
Q1 FY2025
Specialties
Earnings Presentation

Other
Specialties

Cleaning &
Hygiene
Specialties

Drilling
Specialties
Q1 FY2025 Consolidated Financial Highlights

Surendrakumar Tibrewala
Chairman and Managing Director
Rs 1,419 mn Rs 353 mn Rs 292 mn
Consolidated
EBITDA Net Profit
Revenue For Q1 FY2025, Fineotex Chemical reported Consolidated Revenues of Rs. 1,419
million, driven by increased sales volumes across key divisions. The company
delivered an EBITDA of Rs. 353 million, reflecting a year-on-year growth of
7.3% 11.8% 11.7% 11.8%. The profit after tax (PAT) was Rs. 292 million, also up by 11.7% year-on-
year.
Revenue Change EBITDA Change PAT Change During this quarter, Fineotex Chemical successfully raised Rs. 3,425.5 million
(Y-o-Y) (Y-o-Y) (Y-o-Y) through a preferential allotment. This capital has been strategically allocated to
enhance business operations and meet working capital needs, positively
impacting the company’s credit rating and financial stability. The funds will be
utilized to support both organic growth initiatives and potential acquisitions,
38.6% 24.8% 20.6% which will underpin the company’s commitment to enhancing shareholder value.
Additionally, Fineotex Chemical is pleased to be recognized as a Great Place to
Gross Margin EBITDA Margin PAT Margin
Work for the third consecutive year, reflecting its continued effort to create a
positive and supportive workplace environment.
The company also welcomes Dr. Amit Prabhakar Pratap as an Additional Director,
pending member approval at the upcoming AGM. His appointment aligns with
Fineotex Chemical’s ongoing efforts to drive growth and increase shareholder
value.

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Diversifying Its Business Portfolio

Overview of Textile Chemical segment Overview of the Cleaning and Hygiene segment

Specialty chemicals producer with a focus on textiles Successfully diversified into the cleaning and hygiene
chemicals business

Team of 34 professionals for providing technical solutions to Leveraged its existing technical expertise and knowledge in
customers production and distribution to gain a competitive advantage

Attractive industry dynamics with technical barriers to entry Products such as floor cleaners, hand-washes, sanitizers,
and high levels of development and product customisation dishwashers, and toilet bowl cleaners are manufactured

Biotex Malaysia spearheads the R&D solutions, application The cleaning and hygiene segment exhibited steady growth
research and product development and is anticipated to further accelerate in the near future

Bluesign, ZDHC, ICRA Rating FSPL Specialities Pvt

470+
Product Categories
Star Export House Long Term Rating: A+ Ltd
Accreditations Short Term Rating: A1+ wholly owned subsidiary
100+ 104,000 MT p.a. ~70
Dealers in Indian and
Total Installed capacities Countries Present
International Market

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 Consolidated Quarterly Performance Trend
Rs. Mn.

Revenue from Operations and Gross Margin EBITDA and EBITDA Margin

38.6%
25.0% 24.8%
38.7% 23.8%
37.8%
36.9%

1,322 1,530 1,419 315 383 353

1,453
Q1 FY 24 Q4 FY 24 Q1 FY 25 Q1 FY 24 Q4 FY 24 Q1 FY 25

PBT and PBT Margin PAT and PAT Margin

26.1% 26.5% 19.8% 19.9% 20.6%

25.4%

337 400 376 261 305 292

Q1 FY 24 Q4 FY 24 Q1 FY 25 Q1 FY 24 Q4 FY 24 Q1 FY 25

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Consolidated P&L Summary: Q1 FY2025
Particulars (Rs. Million) Q1 FY25 Q1 FY24 YoY% FY24 FY23 YoY%

Revenue from Operations 1,419 1,322 7.3% 5,690 5,170 10.1%

COGS 871 835 4.4% 3,488 3,392 2.8%
Gross Profit 548 488 12.3% 2,202 1,778 23.8%
Gross Profit Margin 38.6% 36.9% 38.7% 34.4%
Employee Benefit Expenses 56 51 9.3% 212 184 15.2%
Other expenses 139 121 14.7% 506 468 8.2%
EBITDA 353 315 11.8% 1,484 1,126 31.8%
EBITDA Margin(as a % of sales) 24.8% 23.8% 26.1% 21.8%
Depreciation and amortisation expenses 22 13 68.6% 60 43 40.7%
EBIT 330 302 9.3% 1,424 1,083 31.4%
EBIT Margin 23.3% 22.8% 25.0% 21.0%
Finance Cost 2 2 31.1% 13 8 62.2%
Other Income 49 36 33.8% 165 73 126.4%
PBT 376 337 11.8% 1,576 1,148 37.3%
Total tax 95 74 28.4% 365 252 44.8%
PAT 292 261 11.7% 1,210 896 35.1%
PAT Margin 20.6% 19.8% 21.3% 17.3%
Basic and Diluted EPS 2.56 2.32 10.3% 10.82 7.97 35.8%

5
Fineotex Strategic Rationale
Fineotex Overview Customised Solution

• Specialty chemicals producer with a focus on textiles chemicals Besides manufacturing specialty chemicals, we also offer customized
technical solutions and services through our dedicated focus on R&D
• Successful expansion into the cleaning and hygiene segment activities by our strong alliances with partners and institutions.

• Experts in providing technical solutions to customers This has helped

• Attractive industry dynamics with technical barriers to entry and • In expanding our new customer acquisition and customer
high levels of development and product customization stickiness
• In increasing our market share and wallet share
• Biotex Malaysia spearheads the R&D solutions, application
research and product development • In reducing customer acquisition cost

The Synergy between the Textile chemical and Cleaning and Hygiene

• Fineotex utilised its fundamental strength in the textile chemical industry to enter the cleaning and hygiene industry
• Numerous chemical compounds that are utilised in the textile specialty segment have potential applications in the cleaning and hygiene segment as
well
• This expansion allows Fineotex to diversify its business and revenue streams while leveraging its core competencies
• Its move into the cleaning and hygiene segment aligns with the heightened importance of cleanliness post-pandemic has increased demand for
hygiene products
• Fineotex aims to maintain the same standards of quality and performance in its cleaning and hygiene products as its textile chemicals
• We actively encourage sustainability and endeavor to minimise our environmental footprint by fostering collaboration and knowledge sharing between
the textile and cleaning and hygiene industries

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Focus on Growth and Diversification

Cleaning and Hygiene Chemicals Drilling Speciality Chemicals Other Speciality Chemicals

• Customised solutions for: • Customised solutions for Oil and Gas • Non toxic eco-friendly solution designed with
▪ Housekeeping, Kitchen Care and Disinfectants • Significant potential for offering effective products European technology in Malaysia by Biotex

▪ Public Health and Hygiene used for drilling in oil exploratory processes • Approved by Ministry of Health Malaysia, Singapore
• Sizable orders from a leading oil and gas company in PUB, European Union, NSF and relevant authorities in
• The plant has been approved and certified by the Vietnam and Cambodia
Food & Drugs Administration (Maharashtra State) India
department. The license has been granted for • A unique ‘Mosquito Life Cycle Controller’ product
production of disinfectant/antimicrobial hygiene and under development by Biotex
cleaning products ensuring safety and effectiveness.
• Post the outbreak of COVID-19, large addressable
market for solutions used in disinfectants and
sanitizers

Key Products

Cleaning and Hygiene Chemicals

Non-textile segments will drive volume and value growth going forward
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 Strategic Partnerships

Strategic collaboration with Eurodye-CTC, Belgium, to Strategic collaboration with HealthGuard, Australia to Setting up a state of art Research & Development
commercialize specialty chemicals for the Indian become the exclusive global marketing and sales centre in collaboration with Sasmira Institute, one of
market channel partner with joint operations from Malaysia India’s premier textile institutes

Addition to its portfolio, specialized pre-treatment HealthGuard® will concentrate on developing Develop a first-of-its-kind Support and Solution
and dyeing products for the cotton-synthetic and cutting-edge solutions, that will be marketed and Centre for technical service in Sasmira to catalyze
woollen fibre/ fabric/ yarn channelized across the world by Fineotex-Biotex innovation and focus on sustainable chemistry

Eurodye-CTC has REACH registration, Bluesign Synergy will provide durable metal-free sustainable Focus on new sustainable solutions and chemicals to
certification & GOTS 6 certification for a large chemistry solutions that are anti-microbial and anti- reduce water, time and energy consumption for the
selection of its product range viral textile wet processing industry

Fineotex is committed to sustainable practices and Provide the much-needed exposure for students and
Range of products over several industries - textile,
Eurodye-CTC is also an environmentally conscious help provide practical experience, which will benefit
detergent, leather and allied industries
company the industry in the long term

Recent collaborations to expand product profile, geographical reach and develop sustainable practices

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Synergistic Business Model with Biotex

Fineotex - India Biotex - Malaysia

• Diverse product portfolio (470+ categories)
• Niche product portfolio (50+ categories)
across business segments
Overview • High end super speciality textile chemical
• Applications primarily across the entire textile
applications
value chain: pre-treatment to finishing
• Sustainable and effective textile solutions
• Focused on textiles and rapidly entering other
• Grow ‘Mosquito Life Cycle Controller’ revenue
Focus Areas fast growing sectors
share
• High profile India customer base
• High profile International customer base
• Textile and auxiliary sectors
• Textile, Cleaning and Hygiene, Drilling and Other • ‘Mosquito Life Cycle Controller’, an eco friendly
Business Segments Specialities non toxic solution for mosquito outbreaks used
primarily across developing countries

• Strong brand recall in Indian markets • Strong brand recall in International markets
Competitive Edge • Reputation for diverse product portfolio • Solutions for finishing process in textile
• Deep customer relationships • Strong R&D capabilities

‘The Bioguard Series’ of products from Biotex with water and oil repellent features in great demand post outbreak of COVID-19

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Manufacturing Platforms (GMP* Certified)
Location Operating Facts Strategic Advantages Manufacturing Excellence

• Total Production Capacity of • The Ambernath plant is fungible and has the
Mahape is 36,500 MT capabilities to manufacture products for both
• Ambernath plant had the textile chemical and cleaning and hygiene
capacity to provide 40,000 segment
MT • The facility is equipped with modern
Mahape • Additional Capacity of infrastructure and amenities, enabling
21,000 at Ambernath plant sustainable chemical production with
advanced automation, storage, and logistics
• Additional factory land handling
premises of 7 acres at
Additional Ambernath MIDC • The plant allows Fineotex to meet the
(Construction work started) growing demand for specialty chemicals with
Ambernath efficient and environmentally friendly
manufacturing processes
• Easy access to high quality raw materials in
the region
• Malaysian plant provides raw materials to the
Indian facilities
• Total Production Capacity:
• Cost benefits due to Free Trade Agreements
6,500 MT
(FTAs) with important regional markets like
Vietnam, China and India
Selangor, Malaysia

Total Installed Capacity of all Plants: 104,000 MTPA

Q1 FY25 Total Capacity Utilization: 64%
* GMP: Good Manufacturing Practice Certification
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Cleaning and Hygiene Division

Diversified Product Offering

• Air freshener • Hygienic hard surface

Housekeeping
• Carpet cleaner cleaner
• Carpet shampoo • Multi surface cleaner
• Deodorizers • Surface cleaner cum
• Floor cleaner disinfectant
• Furniture maintainer • Toilet bowl cleaner
• Glass cleaner • Toilet seat disinfectant
• Hygienic bathroom cleaner • Washroom cleaner

• Automatic dish wash • Kitchen multipurpose

Kitchen Care
detergent cleaner
• Automatic dish wash • Manual dish wash liquid
neutralizer • Oven and grill cleaner
Available across 100+ • Drain cleaner • Stainless steel polish
East and West India Distributors • Heavy duty floor cleaner

• Hand disinfectant • Hand sanitizer

Disinfection
• Gentle wash • Veg & non-veg disinfectant
• Multi surface disinfectant cleaner
34+ • Surface disinfectant – • Sanitizing tablet
Marketing Technical fogging and fumigation
Associates

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Key Products in the Specialty Textile Chemicals Segment

Steps Weaving Pre-treatment Dyeing Printing Finishing

De-sizing, Dyeing, Rotary

Exhaust
Process Sizing Scouring, Washing, Printing,
Padding
Bleach Fixing Table Printing

Enzymes, Dyes, Acids, Dyes, Binder

Softeners,
Wetting & Alkali Thickener, Fixer
Product Polymers, Silicones,
Detergent, Levelling, Detergent,
Categories Softeners Polymers,
Sequestering Detergent Loop
Resins
Additives Fixer accelerator

Key Customers

Fineotex + Biotex together offer tailored solutions across the textile value chain with a focus on higher realisations

12
Global Customer Reach

• Sales in ~70 countries including

Brazil, Bangladesh, Germany,
Indonesia, Malaysia, Singapore,
Syria, Thailand, USA, Venezuela
and Vietnam
• 34+ technical marketing experts
• 100+ dealers in Indian and
International markets

Q1 FY25 Revenue Mix

23%

77%

Domestic International
Facilities at Mahape and Ambernath, Mumbai, India Facility at Bangi, Malaysia Sales

Diversified revenue mix across clients, products and geographies coupled with technical expertise

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Growth in Textile Chemical Industry and Cleaning and Hygiene
Textile Chemical Cleaning and Hygiene
Growth outlook for Specialty Chemicals Growth outlook for Cleaning and Hygiene
• Emerging markets provide companies with the opportunity • The growing consumer awareness of cleanliness and
to produce customized product offerings through hygiene is one of the primary factors driving the market in
expansion and growth India

• The sudden growth in demand for niche chemical • Indian government promoting the need for proper
products is projected to influence the development of hygiene and cleanliness across residential and
exports in developing countries significantly commercial spaces is acting as a significant growth-
inducing factor
• The growth in the Indian specialty chemicals market has
been driven by the country’s strong process • Projected factors such as rising incomes, changing
engineering capabilities, low-cost manufacturing lifestyles and infrastructural developments are
capabilities, and abundant manpower expected to drive growth and increase the demand in future

FCL is a leading chemical manufacturer, with a zero FCL foresees driving the Indian cleaning market, which
liquid discharge system, eco-friendly products, and is scattered and highly unorganized, leading to a lack
recognition for promoting sustainable practices of strong players in this sector

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Management Team

Surendra Kumar Tibrewala Sanjay Tibrewala Aarti Jhunjhunwala Arindam Choudhuri

Education: B.Com and LLB Education: B.Com and P.G. in Textile Education: B.Com and M.Com Education: B.Tech and Marketing
Chemicals and Processing Management

Managing Director CFO Head - International Marketing CEO (Textile)

Kedhar Sankar Sonai Madhukar Shenoy

Noa N. Ouakass Education: BE Chemical Engineering and
Education: M. Sc., MBA Education: M.Tech, MBA
Certified in Business & Climate Change

CEO - Biotex Business Head - Consumer and

Executive Director - Biotex Industrial Care

Raman Perumal Wong Lai Yoon Tang Chai Yean

Education: Diploma in Boiler Engineering Education: BBA Education: Diploma in Chemistry

Production Director - Biotex Operations Manager - Biotex Senior R&D Manager - Biotex

Purva Rane Ramesh Gupta Manoj Sharma

Education: MSc in Analytical Chemistry Education: B.Tech
Education: MSc, MBA B. Ed.
Responsible for: Technical Service Lab and Responsible for: Plant and Projects
Product Compliances
Assistant Manager - Fineotex Production Manager - Fineotex Senior Manager - Fineotex

Experienced management team with multi decade expertise in speciality chemicals industry
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Visit Our Real Time ESG Disclosure Platform

Fineotex is at the forefront of environment friendly practices and sustainability is at the very heart of our business

Map our ESG

framework with 35+
different frameworks
Download
ESG data

Access to ESG
Click to access ESG Profile factsheet
Search for
keywords

Over 12 factors and

400+ KPI

Fineotex Chemicals ESG Profile Link (Click Here)

Click to access ESG Profile

www.fineotex.com

16
Sustainability at its Core

We place sustainability high on our agenda as it is an integral part of our business strategy
100% 23% 4,53,106 units
Employees are covered Female employees in Electricity purchased in
with health and accident FY23 FY23
insurance

100% employees Rs 98.00 Lakhs Zero

Were given safety and skill Spent on CSR activities in Penalties, punishment or
up-gradation training FY23 compounding of offences
in FY23

No accidents 287.06 Lakhs 4 out of 7 board

Spend on R&D for members
Reported in FY23
developing sustainable
Are Independent and Non-
products in FY23
Executive Members

Zero
53,050 kl consumer complaints on
Water consumption in restrictive trade practices
FY23 and unfair trade practices
in FY23
Fineotex Chemicals ESG Profile Link: https://bit.ly/36MIHeF
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Fineotex ESG Accreditations
Bhive certified
Certificates
Blue Sign certified

Dun and Bradstreet Badge ISO 9001 ISO 14001 ISO 14045 ISO 45001
ECO Passport by OEKO-TEX ISO 20000 SA 8001 OHSAS18001 ISO 22000
Global Organic Textile Standard (GOTS) certified

Hazard Analysis Critical Control Point Certification

Indian Green Building Council

Awards and Recognitions
National Accreditation Board for Testing and Calibration Laboratories

REACH certified • Received Dun and Bradstreet ESG Badge

SA 8000 - Social Accountability Certification • Recognized with the Women at Work Leadership Award by Times Ascent
Scivera

Star Export House

US The Environmental Protection Agency

The Great Place to Work

WHO Good Manufacturing Practice certified

Zero Discharge Hazardous Chemical

Fineotex Chemicals ESG Profile Link: https://bit.ly/36MIHeF
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Disclaimer

This presentation contains statements that contain “forward looking statements” including, but without limitation, statements relating to the
implementation of strategic initiatives, and other statements relating to Fineotex Chemical Limited (“Fineotex Chemical” or the Company) future
business developments and economic performance.
While these forward looking statements indicate our assessment and future expectations concerning the development of our business, a number of
risks, uncertainties and other unknown factors could cause actual developments and results to differ materially from our expectations.
These factors include, but are not limited to, general market, macro-economic, governmental and regulatory trends, movements in currency
exchange and interest rates, competitive pressures, technological developments, changes in the financial conditions of third parties dealing with us,
legislative developments, and other key factors that could affect our business and financial performance.
Fineotex Chemical undertakes no obligation to publicly revise any forward looking statements to reflect future / likely events or circumstances.

For further information, please contact:

Rajiv Pandya / Anvita Raghuram
Churchgate Partners

+91 22 6169 5988

[email protected]

19
 Fineotex Chemical Limited

FINEOTEX CHEMICAL LIMITED

(CIN Number: L24100MH2004PLC144295)
42-43, Manorama Chambers,
S. V. Road Bandra (West),
Mumbai - 400 050, India

Phone: (+91 - 22) 26559174 / 75, (+91 - 22) 26559176 / 77

Email: [email protected]
www.fineotex.com
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