---
title: "Fenoplast Ltd (526689) — Share Price, Financials & Analysis"
symbol: "526689"
company: "Fenoplast Ltd"
canonical: "https://tapetide.com/stocks/526689"
isin: "INE138D01014"
bse_code: "526689"
sector: "Industrials"
industry: "Industrial Products"
generated_at: "2026-09-13T19:39:27.879Z"
---

# Fenoplast Ltd (526689)

Canonical page: https://tapetide.com/stocks/526689

## Company

- **BSE Code:** 526689
- **ISIN:** INE138D01014
- **Sector:** Industrials
- **Industry:** Industrial Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2006-03-01
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** fenoplast.com

## About

Fenoplast is engaged in a market leader in the OEM segment for Faux Leather and is known for its commitment to quality and impeccable service to its customers.

## Latest Price

## Key Insights

### Strengths

- Stock is trading at 0.20 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -14.1% over past five years.
- Company has a low return on equity of -41.9% over last 3 years.
- Contingent liabilities of Rs.12.6 Cr.
- Company's cost of borrowing seems high

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -451% | — | — |
| revenue growth | -40% | -21% | -14% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 51.25 | 60.07 | 65.74 | 60.3 | 56.48 | 54.54 | 42.78 | 31.98 | 27.41 | 31.98 | 26.57 | 24.94 |
| Expenses | 47.34 | 55.78 | 61.4 | 62.32 | 52.56 | 50.42 | 38.31 | 34.7 | 23.83 | 27.37 | 23.6 | 50.83 |
| Operating Profit | 3.91 | 4.29 | 4.34 | -2.02 | 3.92 | 4.12 | 4.47 | -2.72 | 3.58 | 4.61 | 2.97 | -25.89 |
| OPM % | 7.63 | 7.14 | 6.6 | -3.35 | 6.94 | 7.55 | 10.45 | -8.51 | 13.06 | 14.42 | 11.18 | -103.81 |
| Other Income | 0.25 | 0.03 | 0.06 | 8.27 | 0.25 | 0.18 | -0.08 | 6.51 | 0.09 | 0.08 | 0.14 | 26.49 |
| Interest | 3.41 | 3.82 | 3.56 | 4.1 | 3.57 | 3.55 | 3.66 | 2.82 | 3.11 | 3.57 | 2.5 | 3.27 |
| Depreciation | 0.44 | 0.42 | 0.42 | 0.41 | 0.43 | 0.44 | 0.48 | 0.48 | 0.48 | 0.49 | 0.5 | 0.5 |
| Profit before tax | 0.31 | 0.08 | 0.42 | 1.74 | 0.17 | 0.31 | 0.25 | 0.49 | 0.08 | 0.63 | 0.11 | -3.17 |
| Tax % | 96.77 | -112.5 | 42.86 | -2.87 | 23.53 | 48.39 | -8 | 79.59 | 675 | 46.03 | -36.36 | -22.08 |
| Net Profit | 0.01 | 0.17 | 0.24 | 1.79 | 0.13 | 0.16 | 0.28 | 0.1 | -0.45 | 0.35 | 0.16 | -2.47 |
| EPS in Rs | 0.02 | 0.37 | 0.52 | 3.89 | 0.28 | 0.35 | 0.61 | 0.22 | -0.98 | 0.76 | 0.35 | -5.37 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 176 | 196 | 194 | 219 | 237 | 223 | 225 | 237 | 186 | 111 |
| Expenses | 162 | 179 | 177 | 212 | 219 | 205 | 206 | 227 | 176 | 126 |
| Operating Profit | 14 | 18 | 18 | 6 | 19 | 19 | 18 | 11 | 10 | -15 |
| OPM % | 8 | 9 | 9 | 3 | 8 | 8 | 8 | 4.4 | 5 | -13 |
| Other Income | 1 | 0 | 1 | 12 | 1 | 1 | 0 | 9 | 7 | 27 |
| Interest | 10 | 12 | 14 | 14 | 15 | 16 | 16 | 15 | 14 | 12 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 4 | 4 | 3 | 2 | 2 | 1 | 1 | 3 | 1 | -2 |
| Tax % | 33 | 34 | 36 | 24 | 25 | 35 | 22 | 14 | 46 | 4 |
| Net Profit | 2 | 3 | 2 | 2 | 2 | 1 | 1 | 2 | 1 | -2 |
| EPS in Rs | 5.41 | 5.8 | 3.59 | 3.67 | 3.87 | 1.35 | 1.39 | 4.8 | 1.46 | -5.26 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 27 | 29 | 30 | 31 | 32 | 32 | 26 | 27 | 28 | 25 |
| Borrowings | 50 | 54 | 58 | 64 | 64 | 66 | 69 | 63 | 69 | 67 |
| Other Liabilities | 45 | 44 | 51 | 66 | 71 | 63 | 68 | 77 | 51 | 40 |
| Total Liabilities | 127 | 132 | 143 | 165 | 171 | 166 | 168 | 172 | 152 | 137 |
| Fixed Assets | 33 | 34 | 33 | 34 | 34 | 33 | 27 | 28 | 30 | 31 |
| CWIP | 0 | 1 | 0 | 1 | 0 | 0 | 1 | 1 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 94 | 98 | 111 | 131 | 137 | 133 | 139 | 143 | 121 | 106 |
| Total Assets | 127 | 132 | 143 | 165 | 171 | 166 | 168 | 172 | 152 | 137 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 11 | 12 | 11 | 1 | 17 | 16 | 14 | 15 | 6 | -14 |
| Cash from Investing Activity | -2 | -5 | -1 | 7 | -3 | -1 | -1 | 6 | 3 | 24 |
| Cash from Financing Activity | -8 | -8 | -8 | -8 | -15 | -14 | -14 | -21 | -11 | -10 |
| Net Cash Flow | 1 | 0 | 2 | 0 | -1 | 1 | -1 | 0 | -2 | 0 |
| Free Cash Flow | 9 | 8 | 10 | 8 | 14 | 15 | 12 | 21 | 9 | 10 |
| CFO/OP | 75 | 73 | 74 | 34 | 95 | 90 | 75 | 144 | 67 | 97 |

### Ratios

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 116 | 105 | 129 | 133 | 125 | 128 | 126 | 117 | 93 | 120 |
| Inventory Days | 62 | 62 | 64 | 79 | 84 | 86 | 106 | 111 | 174 | 248 |
| Days Payable | 87 | 74 | 98 | 101 | 109 | 108 | 119 | 118 | 93 | 103 |
| Cash Conversion Cycle | 91 | 92 | 95 | 111 | 100 | 107 | 112 | 110 | 174 | 265 |
| Working Capital Days | 7 | 10 | 8 | 5 | 6 | 13 | 5 | 11 | 3 | 4 |
| ROCE % | 17 | 19 | 18 | 5 | 17 | 17 | 17 | 10 | 9 | -16 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Jun 2020 |
| --- | --- | --- | --- | --- | --- |
| Promoters | 62.06% | 62.06% | 60.79% | 60.79% | 60.79% |
| Public | 37.94% | 37.94% | 39.21% | 39.21% | 39.21% |
| No. of Shareholders | 3748 | 3703 | 3680 | 3681 | 3676 |

### Quarterly

| Category | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 62.06% | 62.06% | 62.06% | 62.06% | 60.79% | 60.79% | 60.79% | 60.79% | 60.79% | 60.79% | 60.79% | 60.79% |
| Public | 37.94% | 37.94% | 37.94% | 37.94% | 39.21% | 39.21% | 39.21% | 39.21% | 39.21% | 39.21% | 39.21% | 39.21% |
| No. of Shareholders | 3731 | 3716 | 3703 | 3686 | 3692 | 3690 | 3680 | 3686 | 3692 | 3684 | 3681 | 3676 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 1 / 6 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 1.06 | Sell |
| EMA (10) | 1.06 | Sell |
| SMA (20) | 1.1 | Sell |
| EMA (20) | 1.08 | Sell |
| SMA (50) | 1.12 | Sell |
| EMA (50) | 1.13 | Sell |
| SMA (100) | 1.22 | Sell |
| EMA (100) | 1.22 | Sell |
| SMA (200) | 1.4 | Sell |
| EMA (200) | 1.4 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 38.57 | Neutral |
| MACD (12,26,9) | -0.03 | Sell |
| Stochastic (14,3,3) | 32.65 | Neutral |
| ADX (14) | 25.38 | Buy |
| Williams %R (14) | -68.42 | Neutral |
| ATR (14) | 0.05 | High Volatility |
| ROC (12) | -9.57 | Sell |
| Stoch RSI (14) | 46.14 | Neutral |
| UO (7,14,28) | 37.26 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-03-20 | [Withdrawing The Proposal For Record Date For Reduction Of Equity Share Capital Of The Company Pursuant To The Resolution Plan Approved By The Honble National Company Law Tribunal Hyderabad Bench Vide Its Order Dated 22.01.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=15eb3775-fbe9-4f78-a478-1450ea374840.pdf) |
| 2026-03-11 | [Record Date For Reduction Of Equity Share Capital Of The Company Pursuant To The Resolution Plan Approved By The Honble National Company Law Tribunal Hyderabad Bench](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2bc3dd93-82f6-4a3f-8edf-48b72b6baab9.pdf) |
| 2025-03-28 | [Corporate Insolvency Resolution Process (CIRP)-Approval of Resolution plan by Tribunal](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d0471d40-96a5-49ea-9379-fa6626b2c5dd.pdf) |
| 2025-03-27 | [Corporate Insolvency Resolution Process (CIRP)-Approval of Resolution plan by Tribunal](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7649d2f3-e1d5-41d3-a59a-63feec24d27f.pdf) |
| 2024-09-09 | [Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=653a85bd-7298-427f-b0b5-c99cde90b6e2.pdf) |
| 2024-08-27 | [Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2016088d-4ee0-4e77-888a-3fb8b87ad96b.pdf) |
| 2024-07-25 | [Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8b9875a5-fa73-4cd3-8116-c5215069d60c.pdf) |
| 2024-07-11 | [Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c5aa3822-6ac3-4d12-882e-5adec6d1b199.pdf) |
| 2024-07-05 | [Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=358e4836-7785-4b82-a1be-8ae0d289cd0c.pdf) |
| 2024-06-20 | [Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c8d9b534-4b8e-4cae-9c44-e6bc966ad19d.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9 Sep 2024 - Outcome of 25th Committee of Creditors Meeting. | [Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors 9 Sep 2024 - Outcome of 25th Committee of Creditors Meeting.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/653a85bd-7298-427f-b0b5-c99cde90b6e2.pdf) |
| 7 Feb - ICRA withdrew [ICRA]A+(Stable) ratings for Rs135 crore bank facilities and fixed deposits, dated Feb 6-7, 2026. | [Announcement under Regulation 30 (LODR)-Credit Rating 7 Feb - ICRA withdrew [ICRA]A+(Stable) ratings for Rs135 crore bank facilities and fixed deposits, dated Feb 6-7, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/14d721d8-87b3-41ca-ac73-7649e946a6c7.pdf) |
| 6 Feb - Monitoring report: Rs40,990.50 lakh rights issue; Rs30,011.53 lakh unutilized, parked in FDs, as of Dec 31, 2025. | [Announcement under Regulation 30 (LODR)-Monitoring Agency Report 6 Feb - Monitoring report: Rs40,990.50 lakh rights issue; Rs30,011.53 lakh unutilized, parked in FDs, as of Dec 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4b544afb-05bd-474d-b4c6-6881494485e1.pdf) |
| 6 Feb - CRISIL report: Ethos QIP net proceeds Rs16,959.64 lakh fully utilized by Dec 31, 2025. | [Announcement under Regulation 30 (LODR)-Monitoring Agency Report 6 Feb - CRISIL report: Ethos QIP net proceeds Rs16,959.64 lakh fully utilized by Dec 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bb71e5f9-9dfb-4795-b38a-6dbb454caae8.pdf) |
| 28 Mar 2025 - Cancellation of equity shares and new share issuance. | [Corporate Insolvency Resolution Process (CIRP)-Approval of Resolution plan by Tribunal 28 Mar 2025 - Cancellation of equity shares and new share issuance.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d0471d40-96a5-49ea-9379-fa6626b2c5dd.pdf) |
| 27 Mar 2025 - Approval of resolution plan for M/s. Fenoplast Limited. | [Corporate Insolvency Resolution Process (CIRP)-Approval of Resolution plan by Tribunal 27 Mar 2025 - Approval of resolution plan for M/s. Fenoplast Limited.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7649d2f3-e1d5-41d3-a59a-63feec24d27f.pdf) |
| 27 Aug 2024 - Outcome of 24th CoC meeting regarding resolution plans. | [Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors 27 Aug 2024 - Outcome of 24th CoC meeting regarding resolution plans.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2016088d-4ee0-4e77-888a-3fb8b87ad96b.pdf) |
| 25 Jul 2024 - Outcome of 23rd CoC meeting regarding CIRP. | [Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors 25 Jul 2024 - Outcome of 23rd CoC meeting regarding CIRP.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8b9875a5-fa73-4cd3-8116-c5215069d60c.pdf) |
| 24 Feb - Ethos opens Jacob & Co. boutique at DLF Emporio, New Delhi; now 90 boutiques nationwide (Feb 24, 2026). | [Opening Of Jacob & Co. Boutique At New Delhi 24 Feb - Ethos opens Jacob & Co. boutique at DLF Emporio, New Delhi; now 90 boutiques nationwide (Feb 24, 2026).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/56558170-1e70-4ccb-8818-871ca4356de6.pdf) |
| 20 Mar - Fenoplast withdraws proposal to fix record date for equity capital reduction (dated 20.03.2026). | [Withdrawing The Proposal For Record Date For Reduction Of Equity Share Capital Of The Company Pursuant To The Resolution Plan Approved By The Hon''ble National Company Law Tribunal, Hyderabad Bench Vide Its Order Dated 22.01.2025 20 Mar - Fenoplast withdraws proposal to fix record date for equity capital reduction (dated 20.03.2026).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/15eb3775-fbe9-4f78-a478-1450ea374840.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0661ab4c-09ad-49d5-a15f-1c3f67be2065.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8168a1a3-029d-4d7e-9116-08bc3995d7a2.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/13d1132d-be7c-4300-8a0f-5dcc8d1a0ee6.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a9d95a9d-bc94-41b7-ae99-faee297719cb.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c4ecbb6c-67b6-4e99-8889-c0e7ba0b9f31.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/aa941a44-b140-4aa7-818d-cbc570654d60.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e12ad140-5ab5-469a-979c-0cadd77a1acf.pdf) |
| May 2023 | [Concall - May 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b3e35fc2-8cc9-403e-9931-3bf31d905328.pdf) |
| Jun 2022 | [Concall - Jun 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7fe1abaf-c42a-49fa-b17f-f1ea22dbfec1.pdf) |
| Feb 2026 | [Concall - Feb 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4936c5f3-bcdc-4ee3-a560-23e2302aa1c6.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2022 from nse](https://archives.nseindia.com/annual_reports/AR_21023_ETHOSLTD_2021_2022_01092022171315_09012022180008.zip) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6ebee64e-052d-41c2-98ca-c74cadb6b94c.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/75811d0c-ba2f-4540-a591-5ca5b1230127.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/acd64e60-e53b-4aa5-a0d1-fee8bf97e2c4.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/543532/75121543532.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/526689/5266890319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/526689/5266890318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/526689/5266890317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/526689/5266890316.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/526689/5266890315.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:39:27.879Z.