Vinati Organics Ltd

₹ 1,667 2.88%

18 May - close price

vinatiorganics.com BSE: 524200 NSE: VINATIORGA

About

Incorporated in 1989, Vinati Organics Ltd manufactures specialty organic intermediaries
and Monomers^[1]

Key Points

Product Profile:
a) Specialty Aromatics^[1]
Iso butyl benzene/ IBB, N-Butyl Benzene, Secondary Butyl Benzene, Tertiary Amyl Benzene,
3- Phenylpentane, The C10 Aromatic solvent,
4 -Butylaniline.

b) Specialty Monomers:^[2]
2-acrylamido 2-methyl Propane Sulphonic
Acid (ATBS), Sodium Salt Of 2-acrylamido-2-methylpropane Sulphonic Acid (NAATBS), N-tertiary Butyl Acrylamide (TBA), N-tertiary
Octyl Acrylamide (TOA)

c) Butyl Phenols:^[3]
Ortho Tertiary Butyl Phenol/2 Tert Butylphenol, Para Tertiary Butyl Phenol/ 4 Tert Butyl Phenol,
2, 4 Di Tert Butylphenol, 2, 6 Di Tert Butylphenol

d) Other Specialty Products:^[4]
Isobutylene, Methanol, High purity Methyl Tertiary Butyl Ether, Tertiary Butylamine, Para tertiary butyl Benzoic Acid, Methyl 4-Tertiary butyl benzoate, Mixed Hexene

e) Miscellaneous Polymers:^[5]
Vintreat Polymer, VINPLAST 245,
VINFLOW HT, Isohexane, CAS
64742-49-0

Website BSE NSE

Market Cap ₹ 17,136 Cr.
Current Price ₹ 1,667
High / Low ₹ 1,985 / 1,462
Stock P/E 53.1
Book Value ₹ 239
Dividend Yield 0.42 %
ROCE 18.6 %
ROE 13.8 %
Face Value ₹ 1.00

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Pros

Company is almost debt free.
Company has been maintaining a healthy dividend payout of 19.2%

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Chemicals Industry: Chemicals

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	280	386	374	369	486	506	566	517	519	431	463	448	550
	181	285	273	276	347	375	418	369	372	322	358	333	400
Operating Profit	99	102	101	93	139	131	148	148	147	109	105	115	150
OPM %	35%	26%	27%	25%	29%	26%	26%	29%	28%	25%	23%	26%	27%
	7	18	14	15	15	19	20	11	12	15	11	9	10
Interest	0	0	0	0	0	0	0	0	1	0	1	1	1
Depreciation	11	11	11	12	12	13	13	17	17	13	17	19	20
Profit before tax	95	108	103	96	142	136	155	142	142	111	97	103	139
Tax %	25%	25%	21%	13%	29%	26%	25%	25%	26%	25%	25%	25%	25%
	71	81	81	83	101	101	116	107	105	83	72	77	104
EPS in Rs	6.89	7.87	7.91	8.10	9.84	9.85	11.29	10.40	10.18	8.10	7.05	7.49	10.13
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	1,029	954	1,616	2,078	1,900
	614	601	1,180	1,482	1,430
Operating Profit	415	353	435	596	470
OPM %	40%	37%	27%	29%	25%
	45	26	61	72	39
Interest	2	1	2	2	4
Depreciation	33	43	45	52	73
Profit before tax	425	335	449	615	432
Tax %	21%	20%	23%	26%	25%
	334	269	347	458	323
EPS in Rs	32.48	26.20	33.72	44.56	31.42
Dividend Payout %	17%	23%	19%	16%	22%

Compounded Sales Growth
10 Years:	%
5 Years:	%
3 Years:	26%
TTM:	-9%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	6%
TTM:	-29%

Stock Price CAGR
10 Years:	28%
5 Years:	12%
3 Years:	-2%
1 Year:	-7%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	19%
Last Year:	14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	10	10	10	10	10
Reserves	1,269	1,533	1,818	2,208	2,451
	0	2	18	0	5
	163	188	243	329	374
Total Liabilities	1,443	1,734	2,090	2,547	2,840
	751	757	873	882	1,489
CWIP	31	56	51	235	249
Investments	227	289	94	227	64
	434	632	1,071	1,203	1,038
Total Assets	1,443	1,734	2,090	2,547	2,840

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	416	219	127	577	332
	-197	-198	-255	-367	-348
	-109	-3	-47	-86	-108
Net Cash Flow	109	18	-175	124	-125

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	72	106	104	82	102
Inventory Days	79	115	75	64	72
Days Payable	47	63	46	40	36
Cash Conversion Cycle	104	158	132	107	137
Working Capital Days	97	138	141	100	147
ROCE %		24%	27%	30%

Shareholding Pattern

Numbers in percentages

4 Recently

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	74.06%	74.06%	74.06%	74.06%	74.06%	74.06%	74.06%	74.06%	74.06%	74.06%	74.06%	74.29%
	4.39%	4.45%	4.53%	4.58%	4.66%	4.76%	4.81%	4.79%	4.47%	4.64%	4.71%	4.93%
	6.82%	6.87%	7.54%	7.85%	8.11%	7.99%	7.88%	7.90%	8.11%	8.18%	7.55%	7.30%
	14.73%	14.62%	13.87%	13.51%	13.17%	13.19%	13.25%	13.26%	13.36%	13.12%	13.69%	13.46%
No. of Shareholders	65,113	82,581	75,560	72,539	72,298	75,759	80,645	84,404	90,934	93,989	1,07,022	1,06,894

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	73.97%	74.01%	74.01%	74.05%	74.06%	74.06%	74.06%	74.29%
	1.95%	3.61%	3.63%	5.13%	3.50%	4.58%	4.79%	4.93%
	7.03%	6.58%	6.56%	6.06%	7.29%	7.85%	7.90%	7.30%
	17.05%	15.80%	15.80%	14.76%	15.15%	13.51%	13.26%	13.46%
No. of Shareholders	18,628	17,741	20,021	39,763	59,407	72,539	84,404	1,06,894

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Vinati Organics Ltd

Vinati Organics Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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