Vinyl Chemicals (I) Ltd
₹ 305
-0.62%
22 May
- close price
About
Incorporated in 1986, Vinyl Chemicals
(India) Ltd is in the business of dealing
in chemicals, mainly Vinyl Acetate Monomer (VAM)[1]
Key Points
- Market Cap ₹ 559 Cr.
- Current Price ₹ 305
- High / Low ₹ 444 / 215
- Stock P/E 25.0
- Book Value ₹ 69.1
- Dividend Yield 2.21 %
- ROCE 24.9 %
- ROE 18.4 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 55.1%
Cons
- The company has delivered a poor sales growth of 10.9% over past five years.
- Debtor days have increased from 45.8 to 61.2 days.
- Working capital days have increased from 41.4 days to 66.6 days
* 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
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
293 | 442 | 335 | 293 | 375 | 483 | 372 | 404 | 865 | 1,013 | 597 | 625 | |
282 | 424 | 326 | 283 | 361 | 469 | 366 | 389 | 821 | 966 | 572 | 600 | |
Operating Profit | 10 | 18 | 9 | 9 | 14 | 14 | 6 | 15 | 44 | 47 | 25 | 26 |
OPM % | 4% | 4% | 3% | 3% | 4% | 3% | 2% | 4% | 5% | 5% | 4% | 4% |
1 | 1 | 3 | 4 | 4 | 1 | 4 | 0 | 2 | 2 | 4 | 5 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Profit before tax | 11 | 19 | 12 | 13 | 18 | 14 | 10 | 15 | 47 | 48 | 30 | 30 |
Tax % | 34% | 34% | 35% | 35% | 36% | 37% | 25% | 26% | 25% | 25% | 26% | 27% |
7 | 12 | 8 | 9 | 12 | 9 | 7 | 11 | 35 | 36 | 22 | 22 | |
EPS in Rs | 4.08 | 6.73 | 4.36 | 4.76 | 6.36 | 4.83 | 4.07 | 6.19 | 19.01 | 19.44 | 11.91 | 12.18 |
Dividend Payout % | 24% | 22% | 34% | 38% | 38% | 50% | 59% | 60% | 52% | 51% | 57% | 57% |
Compounded Sales Growth | |
---|---|
10 Years: | 4% |
5 Years: | 11% |
3 Years: | -10% |
TTM: | 5% |
Compounded Profit Growth | |
---|---|
10 Years: | 7% |
5 Years: | 28% |
3 Years: | -13% |
TTM: | 16% |
Stock Price CAGR | |
---|---|
10 Years: | 15% |
5 Years: | 30% |
3 Years: | 3% |
1 Year: | -16% |
Return on Equity | |
---|---|
10 Years: | 21% |
5 Years: | 25% |
3 Years: | 22% |
Last Year: | 18% |
Balance Sheet
Figures in Rs. Crores
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 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
Reserves | 24 | 33 | 41 | 46 | 54 | 57 | 59 | 66 | 94 | 111 | 115 | 125 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | |
80 | 69 | 80 | 56 | 115 | 84 | 94 | 200 | 65 | 62 | 188 | 135 | |
Total Liabilities | 106 | 104 | 123 | 104 | 171 | 144 | 156 | 269 | 162 | 176 | 305 | 262 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 5 | 9 | 45 | 39 | 34 | 2 | 47 | 55 | 78 | 40 | 57 | 68 |
100 | 95 | 78 | 66 | 137 | 141 | 108 | 214 | 84 | 135 | 247 | 193 | |
Total Assets | 106 | 104 | 123 | 104 | 171 | 144 | 156 | 269 | 162 | 176 | 305 | 262 |
Cash Flows
Figures in Rs. Crores
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 | 0 | 34 | -7 | -3 | -21 | 51 | 11 | 17 | -20 | 36 | 24 | |
3 | -3 | -33 | 10 | 8 | 34 | -44 | -6 | -21 | 40 | -14 | -6 | |
0 | -2 | -3 | -3 | -4 | -5 | -5 | -4 | -7 | -19 | -18 | -12 | |
Net Cash Flow | 6 | -4 | -2 | -0 | 1 | 7 | 2 | 0 | -11 | 1 | 4 | 5 |
Ratios
Figures in Rs. Crores
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 | 66 | 40 | 54 | 57 | 75 | 48 | 45 | 100 | 5 | 11 | 65 | 61 |
Inventory Days | 48 | 33 | 29 | 23 | 57 | 53 | 50 | 70 | 24 | 33 | 78 | 39 |
Days Payable | 99 | 53 | 88 | 69 | 116 | 63 | 95 | 188 | 26 | 22 | 118 | 78 |
Cash Conversion Cycle | 15 | 20 | -5 | 11 | 17 | 39 | -1 | -17 | 3 | 22 | 25 | 23 |
Working Capital Days | 16 | 19 | -4 | 11 | 19 | 36 | 2 | 2 | 7 | 26 | 32 | 67 |
ROCE % | 45% | 57% | 24% | 21% | 30% | 24% | 14% | 23% | 55% | 44% | 23% | 25% |
Documents
Announcements
-
Please Find Enclosed Clippings Of The Extract Of Financial Results For The Quarter And Year Ended
31St March2025 Published On 6Th May 2025 In Business Standard (Mumbai Edition) In English
And Tarun Bharat (Mumbai Edition).
6 May - Kalyani Steels Ltd Q4 and FY25 financial results published with profit and income details.
-
Corporate Action-Board approves Dividend
5 May - Audited FY25 results approved; Rs.7/share dividend recommended, subject to AGM approval.
-
Board Meeting Outcome for Outcome Of Board Meeting
5 May - Audited FY25 results approved; Rs.7 dividend recommended per share, subject to AGM approval.
-
Change In Contact Details Of Registrar And Transfer Agents (RTA) Of The Company
21 Apr - Change in RTA email, website, and phone number for shareholder queries.
-
Board Meeting Intimation for Intimation Of Board Meeting For Consideration Of Audited Financial Result
21 Apr - Board meeting on May 5, 2025, to consider FY25 audited results and dividend; trading window closed Mar 31-May 7.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2010
from nse
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Financial Year 2010
from bse
Business Overview:[1][2]
VCIL is a Parekh Group Company, promoted by Pidilite Industries Ltd (40.6% as of 31 March 2024). It was involved in manufacturing VAM at its
plant located in Mahad in Raigad District, Maharashtra, but the said manufacturing unit was demerged into PIL. Post-de-merger, company's main focus remains in trading Vinyl Acetate Monomer (VAM), which is now imported /sourced from various Global suppliers and distributed /traded in India.
VCIL is the leading importer of VAM, with one-third of India’s VAM imports. Being a key input for PIL’s end-product (adhesives), almost 95% of PIL’s VAM requirement is being sourced from VCIL