Vipul Organics Ltd

Vipul Organics Ltd

₹ 179 -0.80%
13 Jun 9:03 a.m.
About

Incorporated in 1972, Vipul Organics Ltd
does manufacturing & trading of Dyes stuff, Organic Pigments & Organic Intermediates[1]

Key Points

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

  • Market Cap 318 Cr.
  • Current Price 179
  • High / Low 265 / 116
  • Stock P/E 71.4
  • Book Value 36.2
  • Dividend Yield 0.55 %
  • ROCE 9.07 %
  • ROE 7.25 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 40.4%
  • Promoter holding has increased by 0.88% over last quarter.

Cons

  • Stock is trading at 4.99 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
38.88 37.90 36.76 27.88 31.39 36.14 36.53 37.42 39.99 38.06 39.24 41.41 44.09
33.97 34.33 34.17 25.54 28.20 33.53 33.64 34.35 36.83 34.79 35.57 37.53 40.34
Operating Profit 4.91 3.57 2.59 2.34 3.19 2.61 2.89 3.07 3.16 3.27 3.67 3.88 3.75
OPM % 12.63% 9.42% 7.05% 8.39% 10.16% 7.22% 7.91% 8.20% 7.90% 8.59% 9.35% 9.37% 8.51%
0.17 0.03 0.08 0.01 -0.06 0.10 0.07 0.19 0.55 0.14 0.19 0.12 -0.11
Interest 0.42 0.57 0.57 0.65 0.89 0.68 0.53 0.56 0.65 0.58 0.64 0.59 0.87
Depreciation 1.41 1.50 1.57 1.55 1.71 1.33 1.36 1.39 1.50 1.24 1.45 1.58 1.60
Profit before tax 3.25 1.53 0.53 0.15 0.53 0.70 1.07 1.31 1.56 1.59 1.77 1.83 1.17
Tax % 31.38% 30.72% 20.75% 13.33% 32.08% 27.14% 7.48% 38.93% 31.41% 28.30% 39.55% 20.77% 32.48%
2.23 1.06 0.42 0.13 0.36 0.52 1.00 0.80 1.07 1.14 1.06 1.45 0.79
EPS in Rs 1.30 0.62 0.25 0.08 0.21 0.30 0.58 0.47 0.62 0.66 0.61 0.82 0.45
Raw PDF

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
44 52 52 57 79 90 93 120 133 134 150 163
42 50 50 54 75 84 84 103 117 122 138 148
Operating Profit 2 2 3 3 4 6 9 17 16 12 12 15
OPM % 4% 5% 5% 6% 5% 7% 10% 14% 12% 9% 8% 9%
0 0 0 1 1 0 1 0 1 0 1 0
Interest 1 1 1 1 1 1 1 1 2 3 2 3
Depreciation 0 1 1 1 1 1 2 6 5 6 6 6
Profit before tax 1 1 1 2 3 5 7 10 10 3 5 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
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
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: 8%
Compounded Profit Growth
10 Years: 19%
5 Years: -1%
3 Years: -11%
TTM: 50%
Stock Price CAGR
10 Years: 24%
5 Years: 21%
3 Years: 11%
1 Year: 37%
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 71 55 36 67 91 57 40 87 105 104 104 118
ROCE % 7% 8% 9% 12% 12% 13% 16% 18% 14% 7% 7% 9%

Shareholding Pattern

Numbers in percentages

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Apr 2025
66.22% 66.22% 66.44% 66.44% 66.44% 66.76% 67.02% 67.02% 67.39% 67.76% 67.76% 68.64%
0.00% 0.00% 0.00% 0.00% 0.00% 0.26% 0.46% 0.46% 0.19% 0.19% 0.19% 0.19%
0.00% 0.00% 0.00% 0.00% 0.00% 0.99% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
33.77% 33.78% 33.56% 33.55% 33.57% 31.99% 32.52% 32.52% 32.43% 32.04% 32.05% 31.16%
No. of Shareholders 8,1397,9097,6747,4487,2046,8646,8646,7596,4147,1137,2217,318

* 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.

Click on the line-items to see the names of individual entities.

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