Valiant Organics Ltd.
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ABOUT
AI Sector View
AI GENERATEDChemicals
The available domestic chemical proxies are mixed to weak. Fertilizers output was -8.0% YoY (2026-07) and sale quantity of fertilisers was 0.0% YoY (2026-05), although that high-frequency barometer is stale. FPI positioning is less negative than before, with net 3-month outflow only INR -11 crore versus INR -1229 crore in the prior 3 months to 2026-08-31, but the weak sector driver argues for a neutral stance.
PROS
- Latest quarter profit grew 187.9% YoY, showing strong momentum
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 4.69x)
- Working capital cycle has improved - days down from -5 to -12
- Company generates healthy free cash flow
- Company maintains a comfortable, low leverage position
CONS
- Company is loss-making at the operating / net level
- A large part of profit comes from other income (342.5% of PBT)
- Company has a low return on capital employed of 5.6%
- Company has a low return on equity of 3.7% over last 3 years
- Interest coverage is weak at 1.1x - earnings barely cover interest
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SOLARINDS | 22307.50 | 101.37 | 201860.69 | 0.05 | 666.37 | 88.98 | 3668.20 | 70.26 | 38.16 | 27.91 |
| PIDILITIND | 1567.45 | 60.23 | 159547.55 | 1.37 | 8835.10 | 1202.86 | 45515.50 | 1112.74 | 32.38 | 26.28 |
| SRF | 2483.00 | 34.05 | 73602.28 | 0.36 | 758.87 | 75.53 | 5033.26 | 34.63 | 14.21 | 24.57 |
| FLUOROCHEM | 4771.75 | 85.23 | 52417.67 | 0.06 | 219.00 | 19.02 | 1588.00 | 23.97 | 9.58 | 26.83 |
| NAVINFLUOR | 8541.10 | 55.49 | 43822.77 | 0.18 | 243.31 | 107.67 | 1045.08 | 44.07 | 21.39 | 34.17 |
| GODREJIND | 1127.00 | 32.29 | 37963.11 | 0.00 | 523.36 | -27.85 | 5448.09 | 22.16 | 10.64 | 12.82 |
| AETHER | 1672.95 | 94.41 | 22204.70 | 0.00 | 62.75 | 33.45 | 326.56 | 27.49 | 11.65 | 31.47 |
| DEEPAKNTR | 1587.10 | 27.64 | 21646.94 | 0.47 | 345.01 | 207.36 | 2577.60 | 36.39 | 11.58 | 20.96 |
| ATUL | 6244.55 | 23.11 | 18385.05 | 0.48 | 253.93 | 91.85 | 1847.95 | 25.03 | 15.05 | 21.41 |
| AARTIIND | 492.15 | 33.62 | 17851.59 | 0.20 | 155.00 | 260.47 | 2387.00 | 42.42 | 6.95 | 16.00 |
| DEEPAKFERT | 1320.45 | 17.00 | 16725.20 | 0.76 | 490.04 | 100.95 | 3256.26 | 22.47 | 12.12 | 25.96 |
| VALIANTORG | 394.40 | 20.44 | 1105.69 | 0.00 | 29.26 | 256.74 | 231.54 | 13.27 | 2.63 | 21.10 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 177 | 182 | 141 | 177 | 168 | 160 | 187 | 204 | 204 | 157 | 159 | 218 | 232 | |
| 156 | 165 | 138 | 179 | 152 | 158 | 172 | 183 | 180 | 136 | 143 | 191 | 205 | |
| Operating Profit | 20 | 17 | 4 | -2 | 16 | 2 | 15 | 21 | 25 | 21 | 16 | 26 | 26 |
| OPM % | 11.48% | 9.48% | 2.67% | -1.01% | 9.36% | 1.48% | 8.20% | 10.16% | 12.15% | 13.46% | 9.79% | 12.17% | 11.35% |
| 6 | 0 | 0 | 2 | 0 | 2 | 5 | 1 | 1 | 0 | 7 | 4 | 3 | |
| Interest | 4 | 4 | 4 | 7 | 5 | 8 | 6 | 5 | 6 | 4 | 5 | 3 | 5 |
| Depreciation | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 10 | 10 | 10 | 10 |
| Profit before Tax | 14 | 5 | -9 | -16 | 2 | -13 | 6 | 7 | 10 | 7 | 8 | 17 | 29 |
| Tax % | 24.58% | 26.18% | 22.30% | 31.75% | 118.26% | 11.86% | 16.40% | 44.30% | 27.77% | 23.91% | 26.60% | 10.80% | 24.53% |
| Net Profit | 10 | 4 | -7 | -11 | -0 | -11 | 5 | 4 | 8 | 6 | 6 | 15 | 22 |
| 3.82 | 1.44 | -2.45 | -3.90 | -0.16 | -4.37 | 1.18 | 1.43 | 2.71 | 2.00 | 2.16 | 5.40 | 7.79 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 52 | 73 | 121 | 606 | 584 | 574 | 948 | 912 | 677 | 719 | 766 | |
| 36 | 55 | 94 | 428 | 410 | 417 | 783 | 782 | 638 | 665 | 676 | |
| Operating Profit | 16 | 18 | 26 | 178 | 174 | 157 | 165 | 130 | 39 | 54 | 90 |
| OPM % | 30.30% | 25.04% | 21.89% | 29.39% | 29.76% | 27.39% | 17.40% | 14.26% | 5.78% | 7.45% | 11.69% |
| 1 | 1 | 1 | 6 | 5 | 17 | 6 | 8 | 9 | 8 | 14 | |
| Interest | 0 | 0 | 0 | 2 | 1 | 3 | 6 | 11 | 19 | 24 | 17 |
| Depreciation | 1 | 2 | 2 | 12 | 13 | 19 | 27 | 28 | 34 | 36 | 40 |
| Profit before Tax | 16 | 18 | 25 | 171 | 165 | 152 | 137 | 100 | -5 | 2 | 61 |
| Tax % | 34.85% | 35.11% | 35.26% | 29.02% | 24.68% | 24.63% | 24.84% | 24.15% | 40.78% | 224.42% | 20.95% |
| Net Profit | 10 | 12 | 16 | 121 | 124 | 115 | 103 | 76 | -3 | -3 | 49 |
| EPS | 28.14 | 21.89 | 27.86 | 95.29 | 44.32 | 40.98 | 36.81 | 27.02 | -1.10 | -1.07 | — |
| Dividend Payout % | 71.07% | 15.66% | 23.33% | 5.80% | 10.78% | 11.85% | 9.23% | 3.59% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 28%
- 5 Years:
- 4%
- 3 Years:
- -9%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- -22%
- 3 Years:
- -7%
- 1 Year:
- 9%
RETURN ON EQUITY
- 10 Years:
- 28%
- 5 Years:
- 11%
- 3 Years:
- 4%
- Last Year:
- 0%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 4 | 4 | 6 | 6 | 12 | 27 | 27 | 27 | 28 | 28 | |
| 19 | 42 | 53 | 245 | 374 | 475 | 576 | 638 | 636 | 633 | |
| 1 | 1 | 1 | 48 | 103 | 149 | 270 | 176 | 182 | 191 | |
| Trade Payables | 3 | 13 | 25 | 70 | 84 | 104 | 127 | 164 | 207 | 146 |
| 14 | 10 | 11 | 34 | 56 | 51 | 83 | 101 | 89 | 80 | |
| Total Liabilities | 41 | 69 | 96 | 402 | 629 | 806 | 1,083 | 1,106 | 1,142 | 1,079 |
| 12 | 26 | 31 | 130 | 256 | 478 | 509 | 610 | 630 | 644 | |
| Capital Work in Progress | 0 | 0 | 0 | 66 | 129 | 46 | 110 | 70 | 86 | 66 |
| 2 | 7 | 7 | 20 | 34 | 42 | 53 | 53 | 54 | 54 | |
| 2 | 9 | 7 | 39 | 41 | 66 | 97 | 114 | 114 | 89 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 209 | 174 | |
| Cash & Bank | 1 | 5 | 12 | 3 | 11 | 12 | 23 | 7 | 4 | 7 |
| 23 | 21 | 40 | 145 | 159 | 162 | 290 | 253 | 44 | 44 | |
| Total Assets | 41 | 69 | 96 | 402 | 629 | 806 | 1,083 | 1,106 | 1,142 | 1,079 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 24 | 16 | 26 | 125 | 200 | 147 | 16 | 200 | 85 | 59 | |
| Cash from Investing | -1 | -4 | -6 | -90 | -191 | -135 | -120 | -91 | -65 | -27 |
| Cash from Financing | -16 | -4 | -5 | 2 | 35 | 22 | 146 | -109 | -23 | -28 |
| 0 | 2 | 7 | -11 | 5 | 1 | 14 | -17 | -3 | 4 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-07 - Valiant Organics Limited has informed the Exchange about Copy of Newspaper Publication for the completion of dispatch of Notice of the 21st AGM and Annual Report for the FY 2025-26
2026-09-05 - Valiant Organics Limited has informed the Exchange regarding 'Business Responsibility and Sustainability Reporting for the year ended March 31, 2026'.
2026-09-05 - Valiant Organics Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 29, 2026
2026-09-02 - Valiant Organics Limited has informed the Exchange about Copy of Newspaper Publication for pre-dispatch of notice of 21st Annual General Meeting of the Company
2026-08-21 - Valiant Organics Limited has informed the Exchange about Investor Presentation
2026-08-14 - Valiant Organics Limited has informed the Exchange about the copy of newspaper publication for the unaudited financial results for the quarter ended June 30, 2026 and Notice to shareholders for the intimation of transfer of unclaimed/unpaid dividend to the IEPF.
2026-08-14 - Valiant Organics Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-12 - Valiant Organics Limited has informed the Exchange regarding Grant of Stock Options under existing ESOP Scheme.
2026-08-12 - Intimation of New Corporate Office of the Company
News
Recent coverage and analyst commentary for VALIANTORG
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