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Vinati Organics Limited VINATIORGA NSEINFRA

Basic Materials · Specialty Chemicals · India
https://www.vinatiorganics.com

Vinati Organics Limited manufactures and sells specialty organic intermediaries and monomers in India and internationally. The company offers specialty monomers comprising 2-acrylamido 2-methylpropane sulphonic acid, sodium salt of 2-acrylamido-2-methylpropane sulphonic acid, N-tertiary butyl acrylamide, and N-tertiary octyl acrylamide. It also provides specialty aromatics, including iso butyl benzene used as a basic raw material in the pharmaceutical and perfume industries; normal butyl benzene that is used in the production of N-aryl azoles; secondary butyl benzene and 3-phenylpentane that are used in perfumery and flavor industries; tertiary amyl benzene, which is used as an ingredient of electrolytes in batteries; C10 aromatic solvent used in the paints and coatings, agrochemicals, and printing inks; and 4-Butylaniline used in the water treatment chemical in corrosion inhibition. In addition, the company offers ortho tertiary butyl phenol use to produce perfumery products; ortho sec butyl phenol; para tertiary butyl phenol used in the production of epoxy, polycarbonate resins, and curing agents; and 2,4-Di tertiary butyl phenol and 2, 6-Di tertiary butyl phenol used to manufacture anti-oxidants. Further, it provides other specialty products, which includes isohexane; methyl-4-tertiary butyl benzoate; para tertiary butyl benzoic acid; isobutylene; methanol; high purity-methyl tertiary butyl ether; tertiary-butylamine; and mixed hexene. Additionally, the company offers miscellaneous polymers, including vintreat polymer, VINPLAST 245, VINFLOW HT, and vintreat-PA; Potassium Bicarbonate; and antioxidants, as well as mehq, guaiacol, anisole, para tertiary amyl phenol, 4-methoxy acetophenone, and tertiary amyl alcohol. It serves pharmaceuticals, personal care and cosmetics, food and beverage, polymers and resins, agrochemicals. Vinati Organics Limited was incorporated in 1989 and is headquartered in Mumbai, India.

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₹1,301.10
-30.12% 1Y

Market & Price

Market Cap
₹13,497.70 Cr
Current Price
₹1,301.10
High / Low (52W)
₹2,013.27 / ₹1,209.00
Beta
-

Valuation

Stock P/E
30.39
Industry PE
23.81
Forward P/E
21.88
PEG Ratio
-
Book Value
₹283.01
Price to Book
4.60
P/S
5.92
EV/EBITDA
18.81
Dividend Yield
0.58%

Profitability & Returns

ROCE
17.69%
ROE
14.90%
ROA
10.83%
Profit Margin
19.47%
Op Margin
23.15%
EPS (Latest Qtr)
₹11.95
EPS (TTM)
₹42.81

Balance Sheet & Liquidity

Debt/Equity
-
Quick Ratio
3.26
Current Ratio
5.40
Debt
₹0
Total Assets
₹3,589.53 Cr
Current Assets
₹1,216.56 Cr
Working Capital
₹991.13 Cr

Ownership

Promoter Holding
75.25%
Chg in Prom Hold
-
FII / Inst Holding
11.26%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
₹13,289.20 Cr
Total Revenue (TTM)
₹2,279.53 Cr
EBITDA
₹706.51 Cr
Free Cash Flow
₹194.92 Cr
Operating Cash Flow
₹557.90 Cr
Shares Outstanding
₹10.37 Cr
Gross Margin
47.58%
Payout Ratio
17.52%

Growth (CAGR)

Revenue 5Y
2.55%
Profit 5Y
1.92%
Revenue (YoY)
-6.90%
Earnings (YoY)
0.70%

PROS

  • Generates positive free cash flow.

CONS

  • Trading 35.4% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

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Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Basic Materials).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 VINATIORGA Vinati Organics Limited NSEINFRA 1,301.10 30.39 ₹13,497.70 Cr 0.58% 17.69% 14.90% 2.55% 1.92%
2 ULTRACEMCO UltraTech Cement Limited NIFTY50NSEINFRA 11,482.00 41.32 ₹3.38 L Cr 0.67% 11.90% 10.59% 12.40% 17.26%
3 JSWSTEEL JSW Steel Limited NIFTY50NSEAIINFRA 1,278.00 14.01 ₹3.12 L Cr 0.56% 19.15% 27.26% 3.61% 75.28%
4 HINDZINC Hindustan Zinc Limited NSEINFRA 632.95 19.34 ₹2.67 L Cr 3.32% 62.35% 76.94% 5.61% 9.58%
5 TATASTEEL Tata Steel Limited NIFTY50NSEAIINFRA 208.02 28.34 ₹2.59 L Cr 1.92% 11.32% 11.16% -1.59% 7.21%
6 HINDALCO Hindalco Industries Limited NIFTY50NSEAIINFRA 1,126.70 18.73 ₹2.52 L Cr 0.44% 9.50% 10.29% 7.40% 9.87%
7 GRASIM Grasim Industries Limited NIFTY50NSEINFRA 3,122.40 42.74 ₹2.12 L Cr 0.32% 4.00% 6.29% 14.63% -10.06%
8 SOLARINDS Solar Industries India Limited NSEINFRA 18,247.00 98.04 ₹1.65 L Cr 0.06% 29.51% 31.33% 13.27% 30.36%
9 PIDILITIND Pidilite Industries Limited NSEINFRA 1,482.80 61.73 ₹1.51 L Cr 0.67% 28.48% 23.52% 7.50% 24.36%
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Quarterly Results

Figures in INR.

Metric Dec 2024Mar 2025Jun 2025Dec 2025Mar 2026
Revenue 521.68 Cr648.46 Cr541.97 Cr530.78 Cr603.92 Cr
Cost of Revenue 265.86 Cr341.16 Cr258.28 Cr235.47 Cr286.72 Cr
Gross Profit 255.82 Cr307.30 Cr283.69 Cr295.31 Cr317.20 Cr
Operating Expenses 135.78 Cr149.40 Cr149.55 Cr168.02 Cr177.37 Cr
Operating Income 120.04 Cr157.90 Cr134.14 Cr127.29 Cr139.83 Cr
EBITDA 149.03 Cr186.58 Cr167.08 Cr165.42 Cr190.68 Cr
Interest Expense 9.00 L16.00 L37.00 L1.00 L2.00 L
Pretax Income 126.62 Cr163.90 Cr141.16 Cr136.14 Cr160.20 Cr
Tax Provision 32.92 Cr40.86 Cr36.97 Cr35.31 Cr36.34 Cr
Net Income 93.70 Cr123.04 Cr104.19 Cr100.83 Cr123.86 Cr
Diluted EPS 9.0411.8710.059.7311.95

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue -2,064.84 Cr1,889.94 Cr2,248.17 Cr2,226.89 Cr
Cost of Revenue -1,139.02 Cr1,069.69 Cr1,195.99 Cr1,034.40 Cr
Gross Profit -925.82 Cr820.25 Cr1,052.18 Cr1,192.49 Cr
Operating Expenses -408.59 Cr422.13 Cr559.79 Cr649.98 Cr
Operating Income -517.23 Cr398.12 Cr492.39 Cr542.51 Cr
EBITDA -623.61 Cr508.52 Cr625.23 Cr706.51 Cr
Interest Expense -1.43 Cr3.63 Cr52.00 L41.00 L
Pretax Income -563.16 Cr431.97 Cr536.18 Cr594.74 Cr
Tax Provision -144.00 Cr108.99 Cr130.93 Cr151.00 Cr
Net Income -419.16 Cr322.98 Cr405.25 Cr443.74 Cr
Diluted EPS 33.7240.4331.1539.09-

Compounded Sales Growth

5 Years:2.55%
1 Year:-6.90%

Compounded Profit Growth

5 Years:1.92%
1 Year:0.70%

Stock Price Performance

1 Year:-30.12%
6 Months:-18.69%
3 Months:-13.54%
1 Month:-1.60%

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets -2,583.56 Cr2,839.80 Cr3,279.10 Cr3,589.53 Cr
Current Assets -1,065.88 Cr989.86 Cr1,037.78 Cr1,216.56 Cr
Cash & Equivalents -5.67 Cr37.00 L49.00 L3.77 Cr
Inventory -233.01 Cr198.54 Cr221.20 Cr311.13 Cr
Receivables -463.84 Cr529.61 Cr592.25 Cr521.26 Cr
Total Liabilities -370.59 Cr378.22 Cr485.82 Cr427.85 Cr
Current Liabilities -243.25 Cr218.32 Cr313.30 Cr225.43 Cr
Long Term Debt 10.00 Cr10.35 Cr00-
Total Debt -35.22 Cr4.65 Cr62.63 Cr0
Total Equity -2,212.97 Cr2,461.58 Cr2,793.28 Cr3,161.68 Cr
Shares Outstanding -10.28 Cr10.37 Cr10.37 Cr10.37 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow -515.02 Cr331.83 Cr458.22 Cr557.90 Cr
Investing Cash Flow --329.34 Cr-348.38 Cr-442.52 Cr-413.50 Cr
Financing Cash Flow --61.74 Cr-108.30 Cr-15.58 Cr-141.12 Cr
Capital Expenditure --343.51 Cr-397.86 Cr-500.27 Cr-269.57 Cr
Free Cash Flow -171.51 Cr-66.03 Cr-42.05 Cr288.33 Cr
Net Change in Cash -123.94 Cr-124.85 Cr12.00 L3.28 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % -44.8%43.4%46.8%53.5%
Operating Margin % -25.0%21.1%21.9%24.4%
Net Margin % -20.3%17.1%18.0%19.9%
ROE % -18.9%13.1%14.5%14.0%
ROCE % -22.1%15.2%16.6%16.1%

Shareholding Pattern

Insiders
75.25%
Institutions
11.26%
Public Float
45.50%

Analyst View

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