Vadivarhe Speciality Chemicals Ltd

Vadivarhe Speci. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Vadivarhe Speciality Chemicals Ltd

₹ 33.4 -4.98%
16 Jun - close price
Company website NSE - SME: VSCL
About

Incorporated in 2009, Vadivarhe Speciality Chemicals Ltd is in the business of manufacturing Specialty Chemicals, Intermediates & API

Key Points

Business Overview:[1][2]
Company manufactures Active Pharmaceutical Ingredients, bulk drugs, special chemicals, Organic Chemicals, Inorganic Chemicals, Bio-Chemicals and Drug Intermediaries. Raw materials are procured primarily from local market and imported from China. Further, finished products of VSCL are sold locally and
also exported to the countries viz, UK,
USA, Switzerland and Malaysia. Company's manufacturing unit is located at Nashik
with an installed capacity of 150 MTPA

Website NSE - ST
  • Market Cap ₹ 42.7 Cr.
  • Current Price ₹ 33.4
  • High / Low ₹ 75.4 / 21.0
  • Stock P/E
  • Book Value ₹ -2.17
  • Dividend Yield 0.00 %
  • ROCE -24.3 %
  • ROE -503 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of -59.8% over last 3 years.
  • Company might be capitalizing the interest cost
  • Debtor days have increased from 57.6 to 79.5 days.
  • Promoter holding has decreased over last 3 years: -7.81%

* 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

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Half Yearly Results

Figures in Rs. Crores

Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024 Mar 2025
12.02 13.85 12.62 9.82 11.63 21.36 22.32 14.10 25.98 14.47 23.44
16.73 14.32 12.78 12.39 15.98 19.80 20.58 15.01 21.04 16.41 27.92
Operating Profit -4.71 -0.47 -0.16 -2.57 -4.35 1.56 1.74 -0.91 4.94 -1.94 -4.48
OPM % -39.18% -3.39% -1.27% -26.17% -37.40% 7.30% 7.80% -6.45% 19.01% -13.41% -19.11%
0.27 0.90 0.18 0.33 0.34 0.28 0.82 0.19 0.30 0.11 0.22
Interest 0.67 0.59 0.64 0.87 0.70 0.78 0.69 0.71 0.57 0.58 0.75
Depreciation 0.82 0.90 0.91 0.91 0.88 0.89 0.89 0.87 0.86 0.89 0.95
Profit before tax -5.93 -1.06 -1.53 -4.02 -5.59 0.17 0.98 -2.30 3.81 -3.30 -5.96
Tax % -32.38% 0.00% 11.11% 0.00% 0.00% 0.00% 0.00% 63.04% 0.00% 0.00% 0.00%
-4.01 -1.06 -1.70 -4.01 -5.59 0.17 0.98 -3.75 3.81 -3.30 -5.96
EPS in Rs -3.14 -0.83 -1.33 -3.14 -4.37 0.13 0.77 -2.93 2.98 -2.58 -4.66
Raw PDF

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
13.87 19.03 26.28 35.03 25.56 32.36 28.58 26.47 21.45 43.68 40.08 37.91
11.18 11.52 18.89 24.64 21.80 29.97 37.82 27.01 28.24 40.22 35.48 44.33
Operating Profit 2.69 7.51 7.39 10.39 3.76 2.39 -9.24 -0.54 -6.79 3.46 4.60 -6.42
OPM % 19.39% 39.46% 28.12% 29.66% 14.71% 7.39% -32.33% -2.04% -31.66% 7.92% 11.48% -16.93%
0.11 0.11 0.14 1.05 0.45 0.40 0.37 1.08 0.66 1.09 0.47 0.33
Interest 1.02 0.89 1.21 0.85 0.77 1.11 1.37 1.32 1.69 1.61 1.83 1.33
Depreciation 1.65 1.09 1.36 1.14 1.27 1.63 1.75 1.81 1.79 1.79 1.74 1.85
Profit before tax 0.13 5.64 4.96 9.45 2.17 0.05 -11.99 -2.59 -9.61 1.15 1.50 -9.27
Tax % 46.15% 29.61% 13.51% 36.51% 18.43% -20.00% -17.93% 6.56% 0.00% 0.00% 96.67% 0.00%
0.07 3.98 4.29 6.01 1.77 0.06 -9.84 -2.76 -9.61 1.15 0.06 -9.27
EPS in Rs 1.45 82.27 88.67 4.97 1.38 0.05 -7.70 -2.16 -7.52 0.90 0.05 -7.25
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 7%
5 Years: 6%
3 Years: 21%
TTM: -5%
Compounded Profit Growth
10 Years: %
5 Years: 1%
3 Years: 2%
TTM: -11763%
Stock Price CAGR
10 Years: %
5 Years: 41%
3 Years: 26%
1 Year: -41%
Return on Equity
10 Years: -13%
5 Years: -54%
3 Years: -60%
Last Year: -503%

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 4.84 4.84 4.84 12.09 12.78 12.78 12.78 12.78 12.78 12.78 12.78 12.78
Reserves 5.73 9.68 12.62 11.38 14.64 14.70 4.87 2.11 -7.50 -6.36 -6.29 -15.56
14.35 11.24 10.65 12.74 9.66 20.98 19.67 23.45 24.42 26.94 26.18 36.03
7.75 3.67 5.09 9.52 7.13 9.28 14.00 8.84 11.97 13.08 8.94 9.48
Total Liabilities 32.67 29.43 33.20 45.73 44.21 57.74 51.32 47.18 41.67 46.44 41.61 42.73
15.93 15.02 13.96 17.12 19.68 26.09 25.20 25.98 24.32 23.36 21.59 22.43
CWIP 0.00 0.00 0.00 0.09 1.58 1.88 2.81 0.33 1.09 0.99 1.56 0.08
Investments 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05
16.69 14.36 19.19 28.47 22.90 29.72 23.26 20.82 16.21 22.04 18.41 20.17
Total Assets 32.67 29.43 33.20 45.73 44.21 57.74 51.32 47.18 41.67 46.44 41.61 42.73

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
6.41 5.27 3.18 2.09 7.15 -1.22 4.10 -0.28 1.24 -0.35 2.26 -7.15
0.00 -0.18 -0.64 -4.33 -5.32 -8.27 -1.68 0.02 -0.82 -0.69 -0.51 -1.32
-6.19 -4.01 -3.43 1.88 -1.12 9.25 -2.34 0.58 -0.60 1.05 -2.04 8.53
Net Cash Flow 0.22 1.07 -0.89 -0.37 0.70 -0.23 0.08 0.32 -0.18 0.00 -0.29 0.05

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 135.00 70.97 117.50 159.63 122.95 143.25 104.34 125.62 34.37 48.22 44.99 79.53
Inventory Days 223.98 221.86 116.68 61.66 170.63 221.62 122.32 77.40 168.42 120.82 147.37 126.93
Days Payable 128.58 50.10 108.01 115.85 120.38 174.61 205.42 152.95 218.56 145.63 122.81 97.94
Cash Conversion Cycle 230.40 242.73 126.18 105.44 173.20 190.26 21.24 50.07 -15.76 23.40 69.55 108.52
Working Capital Days 76.84 102.23 86.67 140.56 143.80 155.66 61.30 76.25 37.95 56.07 81.96 99.36
ROCE % 4.41% 25.77% 22.61% 29.66% 7.86% 2.88% -25.06% -5.34% -24.02% 7.61% 10.15% -24.27%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
74.64% 74.64% 74.64% 74.64% 74.64% 74.64% 74.64% 74.64% 74.64% 69.95% 66.83% 66.83%
25.38% 25.36% 25.36% 25.36% 25.36% 25.36% 25.36% 25.36% 25.36% 30.05% 33.17% 33.17%
No. of Shareholders 338346340339350356360351355398460451

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