Vinati Organics Ltd.

1,329.4-0.08%

2026-08-21

vinatiorganics.comBSE: 524200NSE: VINATIORGA
Market Cap₹ 13,734 Cr.
Current Price₹ 1,330
High / Low₹ 1,850 / 1,203
Stock P/E30.6
Book Value₹ 315
Price to Book5.87
Dividend Yield0.64 %
ROCE20.2 %
ROE15.4 %
Face Value₹ 1

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ABOUT

KEY POINTS

PROS

  • Company is almost debt free
  • Company has a healthy return on capital (ROCE) of 22.1%
  • Company has consistently been profitable over the last 5 years
  • Company has delivered good sales growth of 16.9% CAGR over last 5 years
  • Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.14x)

CONS

  • Total debt has risen sharply - up 1246.9% year on year
  • Company has delivered a poor profit growth of 4.0% over past five years
  • Operating margins have contracted to 25.9% from 30.7%
  • Stock is trading at 5.9x its book value
  • Expensive relative to growth - PEG of 5.7

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.SOLARINDS19800.0089.97179170.310.06666.3788.983668.2070.2638.1627.91
2.PIDILITIND1650.0063.40167935.411.308835.101202.8645515.501112.7432.3826.28
3.SRF2575.0035.3176329.390.35758.8775.535033.2634.6314.2124.57
4.FLUOROCHEM4679.5583.5951404.860.06219.0019.021588.0023.9710.0226.83
5.NAVINFLUOR8281.5053.8042484.110.18243.31107.671045.0844.0721.3934.17
6.GODREJIND1217.1034.8740998.140.00523.36-27.855448.0922.1610.6412.82
7.DEEPAKNTR1767.8530.7824112.240.42345.01207.362577.6036.3911.5820.96
8.AETHER1639.4092.5221759.400.0062.7533.45326.5627.4911.6531.47
9.ATUL6581.7524.3619377.830.46253.9391.851847.9525.0315.0521.41
10.AARTIIND526.9035.9919112.070.19155.00260.472387.0042.426.3916.00
11.DEEPAKFERT1474.6518.9818678.340.68490.04100.953256.2622.4712.1225.96
12.VINATIORGA1324.8030.6313733.620.64108.864.48695.9128.4020.2224.50
Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023
439
338
Operating Profit
OPM %
Other Income
10
Interest
1
Depreciation
17
92
Tax %
24.97%
Net Profit
0
7
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Sep 2023
463
358
Operating Profit
OPM %
Other Income
11
Interest
1
Depreciation
17
97
Tax %
25.43%
Net Profit
0
7
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Dec 2023
448
333
Operating Profit
OPM %
Other Income
9
Interest
1
Depreciation
19
103
Tax %
25.40%
Net Profit
0
7
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Mar 2024
550
400
Operating Profit
OPM %
Other Income
10
Interest
1
Depreciation
20
139
Tax %
25.14%
Net Profit
0
10
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Jun 2024
525
400
Operating Profit
OPM %
Other Income
9
Interest
0
Depreciation
21
112
Tax %
24.95%
Net Profit
84
8
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Sep 2024
553
420
Operating Profit
OPM %
Other Income
22
Interest
0
Depreciation
22
134
Tax %
21.85%
Net Profit
104
10
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Dec 2024
522
379
Operating Profit
OPM %
Other Income
7
Interest
0
Depreciation
22
127
Tax %
26.00%
Net Profit
94
9
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Mar 2025
648
468
Operating Profit
OPM %
Other Income
6
Interest
0
Depreciation
23
164
Tax %
24.93%
Net Profit
123
12
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Jun 2025
542
382
Operating Profit
OPM %
Other Income
7
Interest
0
Depreciation
26
141
Tax %
26.19%
Net Profit
104
10
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Sep 2025
550
383
Operating Profit
OPM %
Other Income
16
Interest
0
Depreciation
26
157
Tax %
26.94%
Net Profit
115
11
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Dec 2025
531
374
Operating Profit
OPM %
Other Income
9
Interest
0
Depreciation
29
136
Tax %
25.94%
Net Profit
101
10
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Mar 2026
604
434
Operating Profit
OPM %
Other Income
20
Interest
0
Depreciation
30
160
Tax %
22.68%
Net Profit
124
12
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Jun 2026
696
557
Operating Profit
OPM %
Other Income
9
Interest
0
Depreciation
32
148
Tax %
26.33%
Net Profit
109
1
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
10
Reserves
0
Promoter Pledge %
0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020
1,029
614
Operating Profit
460
OPM %
45
Other Income
45
Interest
2
Depreciation
33
425
Tax %
21
Net Profit
334
EPS
32
Dividend Payout %
17
Minority Interest
0
Share of Associates
0
Adjusted EPS
32
Minority Interest
0
Share of Associates
0
Adjusted EPS
32
Mar 2021
954
601
Operating Profit
379
OPM %
40
Other Income
26
Interest
1
Depreciation
43
335
Tax %
20
Net Profit
269
EPS
26
Dividend Payout %
23
Minority Interest
0
Share of Associates
0
Adjusted EPS
26
Minority Interest
0
Share of Associates
0
Adjusted EPS
26
Mar 2022
1,616
1,180
Operating Profit
496
OPM %
31
Other Income
61
Interest
2
Depreciation
45
449
Tax %
23
Net Profit
347
EPS
34
Dividend Payout %
19
Minority Interest
0
Share of Associates
0
Adjusted EPS
34
Minority Interest
0
Share of Associates
0
Adjusted EPS
34
Mar 2023
2,066
1,493
Operating Profit
625
OPM %
30
Other Income
52
Interest
3
Depreciation
59
563
Tax %
26
Net Profit
419
EPS
40
Dividend Payout %
17
Minority Interest
0
Share of Associates
0
Adjusted EPS
41
Minority Interest
0
Share of Associates
0
Adjusted EPS
41
Mar 2024
1,900
1,429
Operating Profit
510
OPM %
27
Other Income
39
Interest
5
Depreciation
73
432
Tax %
25
Net Profit
323
EPS
31
Dividend Payout %
22
Minority Interest
0
Share of Associates
0
Adjusted EPS
31
Minority Interest
0
Share of Associates
0
Adjusted EPS
31
Mar 2025
2,248
1,666
Operating Profit
627
OPM %
28
Other Income
44
Interest
2
Depreciation
89
536
Tax %
24
Net Profit
405
EPS
39
Dividend Payout %
19
Minority Interest
0
Share of Associates
0
Adjusted EPS
39
Minority Interest
0
Share of Associates
0
Adjusted EPS
39
TTM
2,381
1,748
Operating Profit
OPM %
Other Income
54
Interest
0
Depreciation
118
601
Tax %
25
Net Profit
448
EPS
Dividend Payout %
Minority Interest
0
Share of Associates
0
Adjusted EPS
Minority Interest
0
Share of Associates
0
Adjusted EPS

COMPOUNDED SALES GROWTH

10 Years:
5 Years:
17%
3 Years:
12%

COMPOUNDED PROFIT GROWTH

10 Years:
5 Years:
4%
3 Years:
5%

STOCK PRICE CAGR

10 Years:
17%
5 Years:
-6%
3 Years:
-10%
1 Year:
-22%

RETURN ON EQUITY

10 Years:
5 Years:
18%
3 Years:
17%
Last Year:
15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Corporate actions

2025

Sep 19

₹ 7.50

Rs.7.5000 per share(750%)Final Dividend

2024

Sep 3

₹ 7

Rs.7.0000 per share(700%)Final Dividend

2023

Sep 1

₹ 7

Rs.7.0000 per share(700%)Final Dividend

2022

Sep 6

₹ 6.50

Rs.6.5000 per share(650%)Dividend

2021

Jun 24

₹ 6

Rs.6.0000 per share(600%)Dividend

2018

Jul 17

₹ 2.25

Rs.4.5000 per share(225%)Dividend

2017

Jul 18

₹ 0.25

Rs.0.5000 per share(25%)Dividend

2016

Jul 25

₹ 0.25

Rs.0.5000 per share(25%)Final Dividend

2016

Mar 21

₹ 1.75

Interim Dividend

2026

May 12

₹ 8.50

Rs.8.5000 per share(850%)Final Dividend

Mar 2020
Equity Capital
10
1,269
0
Trade Payables
56
108
Total Liabilities
1,443
751
Capital Work in Progress
31
227
93
0
Cash & Bank
54
287
Total Assets
1,443
Total Debt
0
Net Working Capital
554
Contingent Liabilities
34
Book Value per Share
124.48
Face Value
1.00
Total Debt
0
Net Working Capital
554
Contingent Liabilities
34
Book Value per Share
124.48
Face Value
1.00
Mar 2021
Equity Capital
10
1,533
2
Trade Payables
67
122
Total Liabilities
1,734
757
Capital Work in Progress
56
289
122
0
Cash & Bank
7
504
Total Assets
1,734
Total Debt
2
Net Working Capital
547
Contingent Liabilities
54
Book Value per Share
150.16
Face Value
1.00
Total Debt
2
Net Working Capital
547
Contingent Liabilities
54
Book Value per Share
150.16
Face Value
1.00
Mar 2022
Equity Capital
10
1,818
18
Trade Payables
109
134
Total Liabilities
2,090
873
Capital Work in Progress
51
94
176
0
Cash & Bank
4
891
Total Assets
2,090
Total Debt
18
Net Working Capital
609
Contingent Liabilities
40
Book Value per Share
177.85
Face Value
1.00
Total Debt
18
Net Working Capital
609
Contingent Liabilities
40
Book Value per Share
177.85
Face Value
1.00
Mar 2023
Equity Capital
10
2,042
25
Trade Payables
121
385
Total Liabilities
2,584
1,159
Capital Work in Progress
242
227
233
0
Cash & Bank
13
709
Total Assets
2,584
Total Debt
35
Net Working Capital
823
Contingent Liabilities
64
Book Value per Share
199.70
Face Value
1.00
Total Debt
35
Net Working Capital
823
Contingent Liabilities
64
Book Value per Share
199.70
Face Value
1.00
Mar 2024
Equity Capital
10
2,451
5
Trade Payables
101
273
Total Liabilities
2,840
1,489
Capital Work in Progress
249
64
199
530
Cash & Bank
13
297
Total Assets
2,840
Total Debt
5
Net Working Capital
772
Contingent Liabilities
61
Book Value per Share
237.38
Face Value
1.00
Total Debt
5
Net Working Capital
772
Contingent Liabilities
61
Book Value per Share
237.38
Face Value
1.00
Mar 2025
Equity Capital
10
2,783
63
Trade Payables
148
275
Total Liabilities
3,279
1,724
Capital Work in Progress
438
36
221
592
Cash & Bank
4
264
Total Assets
3,279
Total Debt
63
Net Working Capital
724
Contingent Liabilities
86
Book Value per Share
269.36
Face Value
1.00
Total Debt
63
Net Working Capital
724
Contingent Liabilities
86
Book Value per Share
269.36
Face Value
1.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020
416
Cash from Investing
-197
Cash from Financing
-109
109
Free Cash Flow
416
OCF / Net Profit
1.25
Cumulative 5-Year FCF
0
OCF / Net Profit
1.25
Cumulative 5-Year FCF
0
Mar 2021
219
Cash from Investing
-198
Cash from Financing
-3
18
Free Cash Flow
145
OCF / Net Profit
0.81
Cumulative 5-Year FCF
0
OCF / Net Profit
0.81
Cumulative 5-Year FCF
0
Mar 2022
127
Cash from Investing
-255
Cash from Financing
-47
-175
Free Cash Flow
-31
OCF / Net Profit
0.37
Cumulative 5-Year FCF
0
OCF / Net Profit
0.37
Cumulative 5-Year FCF
0
Mar 2023
515
Cash from Investing
-329
Cash from Financing
-62
124
Free Cash Flow
-21
OCF / Net Profit
1.23
Cumulative 5-Year FCF
0
OCF / Net Profit
1.23
Cumulative 5-Year FCF
0
Mar 2024
332
Cash from Investing
-348
Cash from Financing
-108
-125
Free Cash Flow
-77
OCF / Net Profit
1.03
Cumulative 5-Year FCF
0
OCF / Net Profit
1.03
Cumulative 5-Year FCF
0
Mar 2025
458
Cash from Investing
-443
Cash from Financing
-16
0
Free Cash Flow
-46
OCF / Net Profit
1.13
Cumulative 5-Year FCF
-29
OCF / Net Profit
1.13
Cumulative 5-Year FCF
-29

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020
EPS (₹)
32.48
Book Value (₹)
124.48
Dividend per Share (₹)
5.50
Cash EPS (₹)
35.71
Operating Margin %
44.70%
Net Margin %
32.45%
ROE %
26.09%
ROCE %
33.34%
23.13%
Debtor Days
72
Inventory Days
33
Payable Days
47
57
Debt to Equity (x)
0.00x
Interest Coverage (x)
209.58x
7.22x
Revenue Growth %
0.00%
Operating Profit Growth %
0.00%
Net Profit Growth %
0.00%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2021
EPS (₹)
26.20
Book Value (₹)
150.16
Dividend per Share (₹)
6.00
Cash EPS (₹)
30.38
Operating Margin %
39.73%
Net Margin %
28.22%
ROE %
19.08%
ROCE %
23.80%
16.96%
Debtor Days
92
Inventory Days
41
Payable Days
56
77
Debt to Equity (x)
0.00x
Interest Coverage (x)
354.55x
6.08x
Revenue Growth %
-7.25%
Operating Profit Growth %
-17.56%
Net Profit Growth %
-19.32%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2022
EPS (₹)
33.72
Book Value (₹)
177.85
Dividend per Share (₹)
6.50
Cash EPS (₹)
38.15
Operating Margin %
30.73%
Net Margin %
21.46%
ROE %
20.56%
ROCE %
26.59%
18.13%
Debtor Days
83
Inventory Days
34
Payable Days
36
81
Debt to Equity (x)
0.01x
Interest Coverage (x)
272.91x
4.64x
Revenue Growth %
69.30%
Operating Profit Growth %
30.94%
Net Profit Growth %
28.70%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2023
EPS (₹)
40.78
Book Value (₹)
199.70
Dividend per Share (₹)
7.00
Cash EPS (₹)
46.52
Operating Margin %
30.17%
Net Margin %
20.22%
ROE %
21.60%
ROCE %
27.67%
17.94%
Debtor Days
81
Inventory Days
36
Payable Days
38
80
Debt to Equity (x)
0.02x
Interest Coverage (x)
173.95x
4.38x
Revenue Growth %
27.90%
Operating Profit Growth %
26.00%
Net Profit Growth %
20.93%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
31.15
Book Value (₹)
237.38
Dividend per Share (₹)
7.00
Cash EPS (₹)
38.18
Operating Margin %
24.79%
Net Margin %
17.00%
ROE %
14.31%
ROCE %
18.54%
11.91%
Debtor Days
95
Inventory Days
41
Payable Days
39
98
Debt to Equity (x)
0.00x
Interest Coverage (x)
88.27x
4.53x
Revenue Growth %
-8.05%
Operating Profit Growth %
-18.48%
Net Profit Growth %
-22.95%
-23.63%
P/E (x)
47.23x
P/B (x)
6.20x
Dividend Yield %
0.48%
29.90x
Mar 2025
EPS (₹)
39.08
Book Value (₹)
269.36
Dividend per Share (₹)
7.50
Cash EPS (₹)
47.62
Operating Margin %
25.90%
Net Margin %
18.03%
ROE %
15.42%
ROCE %
20.22%
13.25%
Debtor Days
91
Inventory Days
34
Payable Days
33
92
Debt to Equity (x)
0.02x
Interest Coverage (x)
281.72x
3.31x
Revenue Growth %
18.33%
Operating Profit Growth %
22.91%
Net Profit Growth %
25.47%
25.47%
P/E (x)
40.43x
P/B (x)
5.87x
Dividend Yield %
0.47%
26.24x

Shareholding Pattern

Numbers in percentages

TRADES
Jun 2024
74.28
5.33
6.74
Government
0.00
13.65
Sep 2024
74.28
5.48
7.27
Government
0.00
12.98
Dec 2024
74.28
5.31
7.60
Government
0.00
12.81
Mar 2025
74.28
3.83
9.20
Government
0.00
12.68
Jun 2025
74.28
3.86
9.24
Government
0.00
12.62
Sep 2025
74.28
3.77
9.54
Government
0.00
12.40
Dec 2025
74.28
3.77
9.83
Government
0.00
12.12
Mar 2026
74.28
3.72
9.90
Government
0.00
12.10
Jun 2026
74.28
3.65
9.19
Government
0.00
12.87

Documents

Announcements

  • Copy of Newspaper Publication

    2026-08-19 - Vinati Organics Limited has informed the Exchange about Copy of Newspaper Publication in respect to Special Window opened for lodgment of transfer and dematerialization request(s).

  • Updates

    2026-07-30 - Vinati Organics Limited has informed the Exchange regarding ''.

Credit Ratings

Nothing filed yet.

Concalls