Vipul Organics Ltd
Incorporated in 1972, Vipul Organics Ltd
does manufacturing & trading of Dyes stuff, Organic Pigments & Organic Intermediates[1]
- Market Cap ₹ 323 Cr.
- Current Price ₹ 182
- High / Low ₹ 249 / 116
- Stock P/E 70.7
- Book Value ₹ 36.2
- Dividend Yield 0.44 %
- ROCE 9.07 %
- ROE 7.25 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 40.4%
Cons
- Stock is trading at 5.04 times its book value
- The company has delivered a poor sales growth of 11.9% over past five years.
- Company has a low return on equity of 5.54% over last 3 years.
- Company might be capitalizing the interest cost
* 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
Commodities Chemicals Chemicals & Petrochemicals Specialty Chemicals
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 44 | 52 | 52 | 57 | 79 | 90 | 93 | 120 | 133 | 134 | 150 | 163 | 162 | |
| 42 | 50 | 50 | 54 | 75 | 84 | 84 | 103 | 117 | 122 | 138 | 148 | 147 | |
| Operating Profit | 2 | 2 | 3 | 3 | 4 | 6 | 9 | 17 | 16 | 12 | 12 | 15 | 15 |
| OPM % | 4% | 5% | 5% | 6% | 5% | 7% | 10% | 14% | 12% | 9% | 8% | 9% | 9% |
| 0 | 0 | 0 | 1 | 1 | 0 | 1 | 0 | 1 | 0 | 1 | 0 | 0 | |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 2 | 3 | 3 |
| Depreciation | 0 | 1 | 1 | 1 | 1 | 1 | 2 | 6 | 5 | 6 | 6 | 6 | 6 |
| Profit before tax | 1 | 1 | 1 | 2 | 3 | 5 | 7 | 10 | 10 | 3 | 5 | 6 | 6 |
| Tax % | 33% | 32% | 32% | 33% | 33% | 30% | 33% | 28% | 28% | 28% | 28% | 30% | |
| 1 | 1 | 1 | 2 | 2 | 4 | 5 | 7 | 7 | 2 | 3 | 4 | 5 | |
| EPS in Rs | 0.70 | 0.87 | 0.98 | 1.51 | 1.76 | 2.73 | 3.70 | 4.31 | 4.09 | 1.16 | 1.93 | 2.51 | 2.60 |
| Dividend Payout % | 68% | 55% | 49% | 32% | 27% | 18% | 13% | 13% | 13% | 58% | 39% | 24% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 12% |
| 3 Years: | 7% |
| TTM: | 7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | -1% |
| 3 Years: | -11% |
| TTM: | 14% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 27% |
| 5 Years: | 26% |
| 3 Years: | 16% |
| 1 Year: | -17% |
| Return on Equity | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 9% |
| 3 Years: | 6% |
| Last Year: | 7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 6 | 8 | 8 | 8 | 10 | 10 | 13 | 13 | 13 |
| Reserves | 7 | 7 | 8 | 13 | 18 | 21 | 25 | 29 | 42 | 41 | 46 | 51 |
| 9 | 10 | 7 | 10 | 19 | 19 | 22 | 30 | 30 | 31 | 30 | 46 | |
| 13 | 14 | 14 | 17 | 27 | 26 | 42 | 39 | 45 | 40 | 48 | 45 | |
| Total Liabilities | 35 | 37 | 34 | 47 | 71 | 74 | 96 | 107 | 127 | 125 | 137 | 156 |
| 4 | 6 | 6 | 6 | 6 | 6 | 32 | 29 | 36 | 35 | 32 | 38 | |
| CWIP | 0 | 0 | 0 | 1 | 5 | 17 | 0 | 0 | 0 | 0 | 5 | 9 |
| Investments | 0 | 0 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| 30 | 31 | 26 | 37 | 57 | 49 | 62 | 76 | 89 | 88 | 97 | 107 | |
| Total Assets | 35 | 37 | 34 | 47 | 71 | 74 | 96 | 107 | 127 | 125 | 137 | 156 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2 | 3 | 6 | -4 | -8 | 15 | 14 | -2 | 2 | 10 | 5 | 1 | |
| -1 | -2 | -1 | -2 | -4 | -11 | -11 | -1 | -11 | -3 | -7 | -15 | |
| -1 | -1 | -4 | 7 | 11 | -2 | -0 | 4 | 5 | -5 | -2 | 15 | |
| Net Cash Flow | 1 | 0 | -0 | 1 | -2 | 1 | 3 | 1 | -3 | 3 | -4 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 82 | 83 | 72 | 93 | 129 | 82 | 98 | 107 | 115 | 91 | 107 | 113 |
| Inventory Days | 71 | 54 | 50 | 69 | 53 | 46 | 92 | 85 | 130 | 151 | 123 | 127 |
| Days Payable | 126 | 113 | 112 | 137 | 141 | 114 | 206 | 158 | 166 | 142 | 148 | 127 |
| Cash Conversion Cycle | 26 | 25 | 9 | 25 | 41 | 14 | -15 | 34 | 79 | 100 | 82 | 112 |
| Working Capital Days | -3 | -8 | -8 | 3 | 15 | 14 | -9 | 32 | 43 | 43 | 41 | 36 |
| ROCE % | 7% | 8% | 9% | 12% | 12% | 13% | 16% | 18% | 14% | 7% | 7% | 9% |
Documents
Announcements
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Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
17h - EGM 31 Oct 2025: Special resolution passed for preferential issuance of equity shares to non-promoters.
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Shareholder Meeting / Postal Ballot-Outcome of EGM
1d - Preferential issuance of equity shares to non-promoters approved at EGM on October 31, 2025.
-
Extra-Ordinary General Meeting To Be Held On Friday, October 31 2025 At 4.00 PM
17 Oct - EGM Oct 31 to approve preferential allotment of 16.7 lakh shares at Rs.211, raising Rs.35.24 crore.
-
Communication Under 100 Days Campaign - "Saksham Niveshak"
10 Oct - Vipul Organics runs IEPFA 'Saksham Niveshak' Jul28–Nov06,2025; 1,453 unpaid holders, 740 updated.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8 Oct
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from bse
Product Profile:[1]
Pigment Powder, Pigment Dispersions, Reactive Dyes, Direct Dyes, Acid Dyes, Naphthols, Fast Color Bases, Fast Color Salts, Vat Dyes & Vat Paste, Basic Dyes, Food Colors & Lake Colors, Intermediates for Dyestuffs & Pigmets