Vinati Organics Ltd

Vinati Organics is engaged in manufacturing of speciality organic intermediates and monomers.

  • Market Cap: 9,991 Cr.
  • Current Price: 972.10
  • 52 weeks High / Low 1255.51 / 651.00
  • Book Value: 124.48
  • Stock P/E: 30.86
  • Dividend Yield: 0.51 %
  • ROCE: 45.83 %
  • ROE: 30.60 %
  • Sales Growth (3Yrs): 20.65 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 1.00
Edit ratios
Pros:
Company has reduced debt.
Company is virtually debt free.
Company has delivered good profit growth of 27.41% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 24.95%
Cons:
Stock is trading at 7.81 times its book value

Peer comparison Sector: Chemicals // Industry: Chemicals

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Quarterly Results Figures in Rs. Crores

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
161 186 213 260 249 303 302 291 245 238 245 232
115 136 148 173 158 197 177 171 145 155 144 134
Operating Profit 46 50 65 87 91 106 125 120 100 83 102 97
OPM % 29% 27% 31% 33% 37% 35% 41% 41% 41% 35% 41% 42%
Other Income 5 2 8 17 15 7 5 11 11 15 16 9
Interest 1 0 1 0 0 0 0 0 0 0 0 0
Depreciation 7 5 4 7 7 7 7 7 7 9 10 11
Profit before tax 43 46 68 97 99 107 123 124 104 89 108 95
Tax % 33% 31% 23% 34% 34% 34% 33% 34% -6% 25% 31% 24%
Net Profit 29 32 52 64 65 71 83 82 110 67 75 72
EPS in Rs 2.82 3.08 5.03 6.25 8.01 10.70 8.03 6.33 6.87 6.50 7.26 7.03
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
146 190 232 323 447 554 696 772 631 641 730 1,108 960
121 157 179 253 352 434 543 580 424 423 531 703 579
Operating Profit 25 33 53 70 95 120 153 192 207 218 198 405 382
OPM % 17% 17% 23% 22% 21% 22% 22% 25% 33% 34% 27% 37% 40%
Other Income 4 5 8 6 3 4 9 9 6 12 31 50 51
Interest 3 3 4 7 9 12 18 10 8 3 2 2 1
Depreciation 3 3 5 6 7 10 15 18 19 22 23 27 37
Profit before tax 23 32 52 62 82 103 129 174 187 206 203 425 395
Tax % 34% 21% 23% 17% 33% 33% 33% 33% 29% 32% 29% 34%
Net Profit 15 25 40 52 55 69 86 116 132 140 144 282 324
EPS in Rs 1.51 2.51 0.81 1.06 1.11 1.35 1.70 10.86 12.34 13.59 14.00 27.48 27.66
Dividend Payout % 13% 10% 12% 12% 18% 18% 17% 16% 16% 2% 16% 13%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:19.26%
5 Years:9.74%
3 Years:20.65%
TTM:-16.08%
Compounded Profit Growth
10 Years:27.38%
5 Years:27.41%
3 Years:29.06%
TTM:7.70%
Stock Price CAGR
10 Years:38.68%
5 Years:32.95%
3 Years:26.43%
1 Year:-6.78%
Return on Equity
10 Years:27.92%
5 Years:26.00%
3 Years:24.95%
Last Year:30.60%

Balance Sheet Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
10 10 10 10 10 10 10 10 10 10 10 10 10
Reserves 33 55 89 134 177 231 300 424 530 670 786 1,041 1,269
Borrowings 34 51 63 77 173 237 162 65 42 2 15 4 0
21 22 23 37 45 67 80 100 104 139 168 173 163
Total Liabilities 98 137 185 258 405 546 552 599 687 821 980 1,228 1,443
41 45 80 111 144 290 304 327 382 468 457 475 751
CWIP 11 43 38 36 57 14 10 20 25 7 35 191 31
Investments 0 0 0 3 8 13 3 3 3 62 132 96 227
46 49 67 107 196 229 235 249 278 284 356 465 434
Total Assets 98 137 185 258 405 546 552 599 687 821 980 1,228 1,443

Cash Flows Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
12 30 29 31 20 92 131 113 167 130 138 200
-17 -40 -35 -39 -61 -113 -9 -53 -72 -27 -39 -243
5 10 6 7 72 22 -113 -75 -50 -45 -30 -40
Net Cash Flow 0 1 -0 0 30 2 9 -16 45 59 70 -83

Ratios Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 40% 36% 40% 36% 31% 27% 30% 38% 36% 33% 28% 46%
Debtor Days 55 54 56 59 70 75 60 61 66 80 89 80
Inventory Turnover 9.81 10.71 9.36 7.55 7.50 7.50 8.98 9.65 6.61 6.15 5.78 6.66

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
73.97 74.01 74.01 74.01 74.01 74.01 74.01 74.01 74.01 74.01 74.05 74.06
3.18 3.48 3.61 3.53 3.47 3.50 3.63 4.11 4.77 5.09 5.13 5.08
6.51 6.47 6.58 6.75 6.84 6.96 6.56 6.20 6.39 5.97 6.06 6.17
0.00 1.09 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
16.35 14.95 15.80 15.71 15.68 15.53 15.80 15.68 14.83 14.93 14.76 14.69