Vinati Organics Ltd.
•₹ 1,329.4-0.08%
2026-08-21
PROS
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 22.3%
- 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 1.16x)
- Company comfortably covers its interest (294.2x coverage)
- Working capital cycle has improved - days down from 147 to 109
CONS
- Total debt has risen sharply - up 1246.7% year on year
- Company has delivered a poor profit growth of 4.5% over past five years
- Operating margins have contracted to 26.1% from 30.7%
- Stock is trading at 5.8x its book value
- Expensive relative to growth - PEG of 6.4
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | SOLARINDS | 19800.00 | 89.97 | 179170.31 | 0.06 | 666.37 | 88.98 | 3668.20 | 70.26 | 38.16 | 27.91 |
| 2. | PIDILITIND | 1650.00 | 63.40 | 167935.41 | 1.30 | 8835.10 | 1202.86 | 45515.50 | 1112.74 | 32.38 | 26.28 |
| 3. | SRF | 2575.00 | 35.31 | 76329.39 | 0.35 | 758.87 | 75.53 | 5033.26 | 34.63 | 14.21 | 24.57 |
| 4. | FLUOROCHEM | 4679.55 | 83.59 | 51404.86 | 0.06 | 219.00 | 19.02 | 1588.00 | 23.97 | 10.02 | 26.83 |
| 5. | NAVINFLUOR | 8281.50 | 53.80 | 42484.11 | 0.18 | 243.31 | 107.67 | 1045.08 | 44.07 | 21.39 | 34.17 |
| 6. | GODREJIND | 1217.10 | 34.87 | 40998.14 | 0.00 | 523.36 | -27.85 | 5448.09 | 22.16 | 10.64 | 12.82 |
| 7. | DEEPAKNTR | 1767.85 | 30.78 | 24112.24 | 0.42 | 345.01 | 207.36 | 2577.60 | 36.39 | 11.58 | 20.96 |
| 8. | AETHER | 1639.40 | 92.52 | 21759.40 | 0.00 | 62.75 | 33.45 | 326.56 | 27.49 | 11.65 | 31.47 |
| 9. | ATUL | 6581.75 | 24.36 | 19377.83 | 0.46 | 253.93 | 91.85 | 1847.95 | 25.03 | 15.05 | 21.41 |
| 10. | AARTIIND | 526.90 | 35.99 | 19112.07 | 0.19 | 155.00 | 260.47 | 2387.00 | 42.42 | 6.39 | 16.00 |
| 11. | DEEPAKFERT | 1474.65 | 18.98 | 18678.34 | 0.68 | 490.04 | 100.95 | 3256.26 | 22.47 | 12.12 | 25.96 |
| 12. | VINATIORGA | 1324.80 | 30.63 | 13733.62 | 0.64 | 108.86 | 4.48 | 695.91 | 28.40 | 20.22 | 24.50 |
Detailed Comparison with:
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 439 | 463 | 448 | 550 | 525 | 553 | 522 | 648 | 542 | 546 | 529 | 611 | 698 | |
| 338 | 358 | 333 | 400 | 400 | 419 | 379 | 465 | 376 | 368 | 368 | 427 | 542 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 10 | 11 | 9 | 10 | 9 | 22 | 7 | 6 | 7 | 16 | 9 | 20 | 9 |
| Interest | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 17 | 17 | 19 | 19 | 20 | 21 | 20 | 20 | 21 | 22 | 24 | 25 | 25 |
| 93 | 97 | 103 | 140 | 114 | 136 | 129 | 169 | 151 | 173 | 145 | 179 | 165 | |
| Tax % | 24.97% | 25.42% | 25.38% | 25.13% | 24.79% | 21.78% | 25.85% | 24.68% | 25.54% | 25.42% | 25.39% | 23.05% | 25.07% |
| Net Profit | 69 | 72 | 77 | 104 | 86 | 106 | 96 | 128 | 113 | 129 | 108 | 138 | 124 |
| 7 | 7 | 7 | 10 | 8 | 10 | 9 | 12 | 11 | 12 | 10 | 13 | 1 | |
| Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 439
- 338
- Operating Profit
- —
- OPM %
- —
- Other Income
- 10
- Interest
- 1
- Depreciation
- 17
- 93
- Tax %
- 24.97%
- Net Profit
- 69
- 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 %
- 25.42%
- Net Profit
- 72
- 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 %
- 25.38%
- Net Profit
- 77
- 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
- 19
- 140
- Tax %
- 25.13%
- Net Profit
- 104
- 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
- 20
- 114
- Tax %
- 24.79%
- Net Profit
- 86
- 8
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 553
- 419
- Operating Profit
- —
- OPM %
- —
- Other Income
- 22
- Interest
- 0
- Depreciation
- 21
- 136
- Tax %
- 21.78%
- Net Profit
- 106
- 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
- 20
- 129
- Tax %
- 25.85%
- Net Profit
- 96
- 9
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 648
- 465
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 0
- Depreciation
- 20
- 169
- Tax %
- 24.68%
- Net Profit
- 128
- 12
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 542
- 376
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 0
- Depreciation
- 21
- 151
- Tax %
- 25.54%
- Net Profit
- 113
- 11
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 546
- 368
- Operating Profit
- —
- OPM %
- —
- Other Income
- 16
- Interest
- 0
- Depreciation
- 22
- 173
- Tax %
- 25.42%
- Net Profit
- 129
- 12
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 529
- 368
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 0
- Depreciation
- 24
- 145
- Tax %
- 25.39%
- Net Profit
- 108
- 10
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 611
- 427
- Operating Profit
- —
- OPM %
- —
- Other Income
- 20
- Interest
- 0
- Depreciation
- 25
- 179
- Tax %
- 23.05%
- Net Profit
- 138
- 13
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 698
- 542
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 0
- Depreciation
- 25
- 165
- Tax %
- 25.07%
- Net Profit
- 124
- 1
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 631 | 641 | 730 | 1,128 | 1,029 | 954 | 1,616 | 2,066 | 1,900 | 2,248 | 2,384 | |
| 424 | 423 | 531 | 703 | 614 | 601 | 1,180 | 1,493 | 1,429 | 1,662 | 1,705 | |
| Operating Profit | 213 | 230 | 229 | 455 | 460 | 379 | 496 | 625 | 510 | 631 | — |
| OPM % | 34 | 36 | 31 | 40 | 45 | 40 | 31 | 30 | 27 | 28 | — |
| Other Income | 6 | 12 | 31 | 30 | 45 | 26 | 61 | 52 | 39 | 44 | 54 |
| Interest | 8 | 3 | 2 | 2 | 2 | 1 | 2 | 3 | 5 | 2 | 0 |
| Depreciation | 19 | 22 | 23 | 27 | 33 | 43 | 45 | 59 | 73 | 81 | 96 |
| 187 | 206 | 203 | 425 | 425 | 335 | 449 | 563 | 432 | 548 | 662 | |
| Tax % | 29 | 32 | 29 | 34 | 21 | 20 | 23 | 26 | 25 | 24 | 25 |
| Net Profit | 132 | 140 | 144 | 282 | 334 | 269 | 347 | 419 | 323 | 415 | 499 |
| EPS | 26 | 27 | 28 | 27 | 32 | 26 | 34 | 40 | 31 | 40 | — |
| Dividend Payout % | 16 | 2 | 16 | 13 | 17 | 23 | 19 | 17 | 22 | 19 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 13 | 14 | 14 | 27 | 32 | 26 | 34 | 41 | 31 | 40 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 13 | 14 | 14 | 27 | 32 | 26 | 34 | 41 | 31 | 40 | — |
Mar 2016
- 631
- 424
- Operating Profit
- 213
- OPM %
- 34
- Other Income
- 6
- Interest
- 8
- Depreciation
- 19
- 187
- Tax %
- 29
- Net Profit
- 132
- EPS
- 26
- Dividend Payout %
- 16
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
Mar 2017
- 641
- 423
- Operating Profit
- 230
- OPM %
- 36
- Other Income
- 12
- Interest
- 3
- Depreciation
- 22
- 206
- Tax %
- 32
- Net Profit
- 140
- EPS
- 27
- Dividend Payout %
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 14
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 14
Mar 2018
- 730
- 531
- Operating Profit
- 229
- OPM %
- 31
- Other Income
- 31
- Interest
- 2
- Depreciation
- 23
- 203
- Tax %
- 29
- Net Profit
- 144
- EPS
- 28
- Dividend Payout %
- 16
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 14
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 14
Mar 2019
- 1,128
- 703
- Operating Profit
- 455
- OPM %
- 40
- Other Income
- 30
- Interest
- 2
- Depreciation
- 27
- 425
- Tax %
- 34
- Net Profit
- 282
- EPS
- 27
- Dividend Payout %
- 13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 27
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 27
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
- 1,662
- Operating Profit
- 631
- OPM %
- 28
- Other Income
- 44
- Interest
- 2
- Depreciation
- 81
- 548
- Tax %
- 24
- Net Profit
- 415
- EPS
- 40
- Dividend Payout %
- 19
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 40
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 40
TTM
- 2,384
- 1,705
- Operating Profit
- —
- OPM %
- —
- Other Income
- 54
- Interest
- 0
- Depreciation
- 96
- 662
- Tax %
- 25
- Net Profit
- 499
- 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:
- 11%
- 5 Years:
- 17%
- 3 Years:
- 12%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 14%
- 5 Years:
- 4%
- 3 Years:
- 6%
STOCK PRICE CAGR
- 10 Years:
- 17%
- 5 Years:
- -6%
- 3 Years:
- -10%
- 1 Year:
- -22%
RETURN ON EQUITY
- 10 Years:
- 22%
- 5 Years:
- 18%
- 3 Years:
- 17%
- Last Year:
- 16%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| 530 | 670 | 786 | 1,041 | 1,269 | 1,533 | 1,818 | 2,043 | 2,454 | 2,796 | |
| 29 | 2 | 15 | 4 | 0 | 2 | 18 | 25 | 5 | 63 | |
| Trade Payables | 22 | 33 | 63 | 53 | 56 | 66 | 109 | 121 | 101 | 143 |
| 143 | 106 | 105 | 119 | 108 | 122 | 134 | 384 | 257 | 251 | |
| Total Liabilities | 735 | 821 | 980 | 1,228 | 1,443 | 1,733 | 2,090 | 2,584 | 2,827 | 3,263 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 382 | 468 | 457 | 475 | 751 | 757 | 873 | 1,159 | 1,330 | 1,382 | |
| Capital Work in Progress | 25 | 7 | 35 | 191 | 31 | 55 | 47 | 229 | 246 | 298 |
| 3 | 62 | 132 | 96 | 227 | 289 | 98 | 256 | 237 | 523 | |
| 45 | 65 | 82 | 92 | 93 | 122 | 176 | 233 | 198 | 217 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 530 | 594 | |
| Cash & Bank | 72 | 5 | 5 | 4 | 54 | 7 | 4 | 10 | 13 | 4 |
| 209 | 215 | 269 | 369 | 287 | 505 | 891 | 698 | 273 | 245 | |
| Total Assets | 735 | 821 | 980 | 1,228 | 1,443 | 1,733 | 2,090 | 2,584 | 2,827 | 3,263 |
| Total Debt | 42 | 2 | 15 | 4 | 0 | 2 | 18 | 35 | 5 | 63 |
| Net Working Capital | 179 | 274 | 364 | 442 | 554 | 548 | 608 | 819 | 764 | 674 |
| Contingent Liabilities | 38 | 21 | 35 | 23 | 34 | 54 | 40 | 64 | 60 | 86 |
| Book Value per Share | 104.82 | 131.81 | 155.02 | 204.56 | 124.48 | 150.16 | 177.87 | 199.75 | 237.65 | 270.66 |
| Face Value | 2.00 | 2.00 | 2.00 | 2.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Total Debt | 42 | 2 | 15 | 4 | 0 | 2 | 18 | 35 | 5 | 63 |
| Net Working Capital | 179 | 274 | 364 | 442 | 554 | 548 | 608 | 819 | 764 | 674 |
| Contingent Liabilities | 38 | 21 | 35 | 23 | 34 | 54 | 40 | 64 | 60 | 86 |
| Book Value per Share | 104.82 | 131.81 | 155.02 | 204.56 | 124.48 | 150.16 | 177.87 | 199.75 | 237.65 | 270.66 |
| Face Value | 2.00 | 2.00 | 2.00 | 2.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Mar 2016
- Equity Capital
- 10
- 530
- 29
- Trade Payables
- 22
- 143
- Total Liabilities
- 735
- 382
- Capital Work in Progress
- 25
- 3
- 45
- 0
- Cash & Bank
- 72
- 209
- Total Assets
- 735
- Total Debt
- 42
- Net Working Capital
- 179
- Contingent Liabilities
- 38
- Book Value per Share
- 104.82
- Face Value
- 2.00
- Total Debt
- 42
- Net Working Capital
- 179
- Contingent Liabilities
- 38
- Book Value per Share
- 104.82
- Face Value
- 2.00
Mar 2017
- Equity Capital
- 10
- 670
- 2
- Trade Payables
- 33
- 106
- Total Liabilities
- 821
- 468
- Capital Work in Progress
- 7
- 62
- 65
- 0
- Cash & Bank
- 5
- 215
- Total Assets
- 821
- Total Debt
- 2
- Net Working Capital
- 274
- Contingent Liabilities
- 21
- Book Value per Share
- 131.81
- Face Value
- 2.00
- Total Debt
- 2
- Net Working Capital
- 274
- Contingent Liabilities
- 21
- Book Value per Share
- 131.81
- Face Value
- 2.00
Mar 2018
- Equity Capital
- 10
- 786
- 15
- Trade Payables
- 63
- 105
- Total Liabilities
- 980
- 457
- Capital Work in Progress
- 35
- 132
- 82
- 0
- Cash & Bank
- 5
- 269
- Total Assets
- 980
- Total Debt
- 15
- Net Working Capital
- 364
- Contingent Liabilities
- 35
- Book Value per Share
- 155.02
- Face Value
- 2.00
- Total Debt
- 15
- Net Working Capital
- 364
- Contingent Liabilities
- 35
- Book Value per Share
- 155.02
- Face Value
- 2.00
Mar 2019
- Equity Capital
- 10
- 1,041
- 4
- Trade Payables
- 53
- 119
- Total Liabilities
- 1,228
- 475
- Capital Work in Progress
- 191
- 96
- 92
- 0
- Cash & Bank
- 4
- 369
- Total Assets
- 1,228
- Total Debt
- 4
- Net Working Capital
- 442
- Contingent Liabilities
- 23
- Book Value per Share
- 204.56
- Face Value
- 2.00
- Total Debt
- 4
- Net Working Capital
- 442
- Contingent Liabilities
- 23
- Book Value per Share
- 204.56
- Face Value
- 2.00
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
- 66
- 122
- Total Liabilities
- 1,733
- 757
- Capital Work in Progress
- 55
- 289
- 122
- 0
- Cash & Bank
- 7
- 505
- Total Assets
- 1,733
- Total Debt
- 2
- Net Working Capital
- 548
- Contingent Liabilities
- 54
- Book Value per Share
- 150.16
- Face Value
- 1.00
- Total Debt
- 2
- Net Working Capital
- 548
- 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
- 47
- 98
- 176
- 0
- Cash & Bank
- 4
- 891
- Total Assets
- 2,090
- Total Debt
- 18
- Net Working Capital
- 608
- Contingent Liabilities
- 40
- Book Value per Share
- 177.87
- Face Value
- 1.00
- Total Debt
- 18
- Net Working Capital
- 608
- Contingent Liabilities
- 40
- Book Value per Share
- 177.87
- Face Value
- 1.00
Mar 2023
- Equity Capital
- 10
- 2,043
- 25
- Trade Payables
- 121
- 384
- Total Liabilities
- 2,584
- 1,159
- Capital Work in Progress
- 229
- 256
- 233
- 0
- Cash & Bank
- 10
- 698
- Total Assets
- 2,584
- Total Debt
- 35
- Net Working Capital
- 819
- Contingent Liabilities
- 64
- Book Value per Share
- 199.75
- Face Value
- 1.00
- Total Debt
- 35
- Net Working Capital
- 819
- Contingent Liabilities
- 64
- Book Value per Share
- 199.75
- Face Value
- 1.00
Mar 2024
- Equity Capital
- 10
- 2,454
- 5
- Trade Payables
- 101
- 257
- Total Liabilities
- 2,827
- 1,330
- Capital Work in Progress
- 246
- 237
- 198
- 530
- Cash & Bank
- 13
- 273
- Total Assets
- 2,827
- Total Debt
- 5
- Net Working Capital
- 764
- Contingent Liabilities
- 60
- Book Value per Share
- 237.65
- Face Value
- 1.00
- Total Debt
- 5
- Net Working Capital
- 764
- Contingent Liabilities
- 60
- Book Value per Share
- 237.65
- Face Value
- 1.00
Mar 2025
- Equity Capital
- 10
- 2,796
- 63
- Trade Payables
- 143
- 251
- Total Liabilities
- 3,263
- 1,382
- Capital Work in Progress
- 298
- 523
- 217
- 594
- Cash & Bank
- 4
- 245
- Total Assets
- 3,263
- Total Debt
- 63
- Net Working Capital
- 674
- Contingent Liabilities
- 86
- Book Value per Share
- 270.66
- Face Value
- 1.00
- Total Debt
- 63
- Net Working Capital
- 674
- Contingent Liabilities
- 86
- Book Value per Share
- 270.66
- Face Value
- 1.00
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 167 | 130 | 138 | 200 | 416 | 219 | 127 | 516 | 338 | 494 | |
| Cash from Investing | -72 | -27 | -39 | -243 | -197 | -198 | -256 | -333 | -353 | -480 |
| Cash from Financing | -50 | -45 | -30 | -40 | -109 | -3 | -46 | -61 | -106 | -15 |
| 45 | 59 | 70 | -83 | 109 | 18 | -175 | 121 | -122 | -0 | |
| Free Cash Flow | 90 | 130 | 98 | -1 | 267 | 146 | -27 | -11 | 78 | 318 |
| OCF / Net Profit | 1.27 | 0.93 | 0.96 | 0.71 | 1.25 | 0.81 | 0.37 | 1.23 | 1.05 | 1.19 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 584 | 641 | 483 | 374 | 453 | 504 |
| OCF / Net Profit | 1.27 | 0.93 | 0.96 | 0.71 | 1.25 | 0.81 | 0.37 | 1.23 | 1.05 | 1.19 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 584 | 641 | 483 | 374 | 453 | 504 |
Mar 2016
- 167
- Cash from Investing
- -72
- Cash from Financing
- -50
- 45
- Free Cash Flow
- 90
- OCF / Net Profit
- 1.27
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.27
- Cumulative 5-Year FCF
- 0
Mar 2017
- 130
- Cash from Investing
- -27
- Cash from Financing
- -45
- 59
- Free Cash Flow
- 130
- OCF / Net Profit
- 0.93
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.93
- Cumulative 5-Year FCF
- 0
Mar 2018
- 138
- Cash from Investing
- -39
- Cash from Financing
- -30
- 70
- Free Cash Flow
- 98
- OCF / Net Profit
- 0.96
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.96
- Cumulative 5-Year FCF
- 0
Mar 2019
- 200
- Cash from Investing
- -243
- Cash from Financing
- -40
- -83
- Free Cash Flow
- -1
- OCF / Net Profit
- 0.71
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.71
- Cumulative 5-Year FCF
- 0
Mar 2020
- 416
- Cash from Investing
- -197
- Cash from Financing
- -109
- 109
- Free Cash Flow
- 267
- OCF / Net Profit
- 1.25
- Cumulative 5-Year FCF
- 584
- OCF / Net Profit
- 1.25
- Cumulative 5-Year FCF
- 584
Mar 2021
- 219
- Cash from Investing
- -198
- Cash from Financing
- -3
- 18
- Free Cash Flow
- 146
- OCF / Net Profit
- 0.81
- Cumulative 5-Year FCF
- 641
- OCF / Net Profit
- 0.81
- Cumulative 5-Year FCF
- 641
Mar 2022
- 127
- Cash from Investing
- -256
- Cash from Financing
- -46
- -175
- Free Cash Flow
- -27
- OCF / Net Profit
- 0.37
- Cumulative 5-Year FCF
- 483
- OCF / Net Profit
- 0.37
- Cumulative 5-Year FCF
- 483
Mar 2023
- 516
- Cash from Investing
- -333
- Cash from Financing
- -61
- 121
- Free Cash Flow
- -11
- OCF / Net Profit
- 1.23
- Cumulative 5-Year FCF
- 374
- OCF / Net Profit
- 1.23
- Cumulative 5-Year FCF
- 374
Mar 2024
- 338
- Cash from Investing
- -353
- Cash from Financing
- -106
- -122
- Free Cash Flow
- 78
- OCF / Net Profit
- 1.05
- Cumulative 5-Year FCF
- 453
- OCF / Net Profit
- 1.05
- Cumulative 5-Year FCF
- 453
Mar 2025
- 494
- Cash from Investing
- -480
- Cash from Financing
- -15
- -0
- Free Cash Flow
- 318
- OCF / Net Profit
- 1.19
- Cumulative 5-Year FCF
- 504
- OCF / Net Profit
- 1.19
- Cumulative 5-Year FCF
- 504
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 25.50 | 27.19 | 28.00 | 54.97 | 32.48 | 26.20 | 33.73 | 40.78 | 31.18 | 40.04 |
| Book Value (₹) | 104.82 | 131.81 | 155.02 | 204.56 | 124.48 | 150.16 | 177.87 | 199.75 | 237.65 | 270.66 |
| Dividend per Share (₹) | 4.00 | 0.50 | 4.50 | 7.00 | 5.50 | 6.00 | 6.50 | 7.00 | 7.00 | 7.50 |
| Cash EPS (₹) | 14.55 | 15.69 | 16.27 | 30.15 | 35.71 | 30.38 | 38.15 | 46.52 | 38.20 | 47.83 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 31.76% | 33.80% | 30.84% | 40.32% | 44.70% | 39.73% | 30.73% | 30.18% | 24.81% | 26.09% |
| Net Margin % | 19.63% | 20.59% | 19.39% | 25.04% | 32.45% | 28.22% | 21.46% | 20.22% | 17.02% | 18.47% |
| ROE % | 26.99% | 22.98% | 19.49% | 30.57% | 28.65% | 19.08% | 20.56% | 21.60% | 14.32% | 15.75% |
| ROCE % | 35.93% | 32.99% | 27.51% | 45.79% | 36.55% | 23.80% | 26.59% | 27.66% | 18.54% | 20.61% |
| 18.99% | 18.02% | 15.98% | 25.59% | 25.00% | 16.96% | 18.14% | 17.94% | 11.95% | 13.64% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 66 | 68 | 78 | 68 | 79 | 92 | 83 | 81 | 95 | 91 |
| Inventory Days | 27 | 29 | 36 | 28 | 33 | 41 | 34 | 36 | 41 | 34 |
| Payable Days | 27 | 33 | 46 | 41 | 46 | 56 | 36 | 38 | 39 | 32 |
| 66 | 64 | 68 | 56 | 66 | 77 | 81 | 80 | 98 | 93 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.08x | 0.00x | 0.02x | 0.00x | 0.00x | 0.00x | 0.01x | 0.02x | 0.00x | 0.02x |
| Interest Coverage (x) | 24.74x | 75.81x | 94.51x | 196.23x | 209.58x | 354.57x | 272.94x | 173.95x | 88.37x | 294.17x |
| 2.36x | 6.12x | 4.66x | 5.98x | 7.22x | 6.10x | 4.64x | 4.37x | 4.73x | 3.28x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | -18.24% | 1.56% | 13.87% | 54.58% | -8.78% | -7.25% | 69.30% | 27.90% | -8.05% | 18.32% |
| Operating Profit Growth % | 5.98% | 8.17% | -0.61% | 98.68% | 1.11% | -17.56% | 30.95% | 25.99% | -18.43% | 23.65% |
| Net Profit Growth % | 13.63% | 6.61% | 2.57% | 96.33% | 18.17% | -19.32% | 28.71% | 20.91% | -22.85% | 28.40% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -23.53% | 28.40% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 47.17x | 39.45x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 6.19x | 5.84x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.48% | 0.47% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 29.88x | 26.06x |
Mar 2016
- EPS (₹)
- 25.50
- Book Value (₹)
- 104.82
- Dividend per Share (₹)
- 4.00
- Cash EPS (₹)
- 14.55
- Operating Margin %
- 31.76%
- Net Margin %
- 19.63%
- ROE %
- 26.99%
- ROCE %
- 35.93%
- 18.99%
- Debtor Days
- 66
- Inventory Days
- 27
- Payable Days
- 27
- 66
- Debt to Equity (x)
- 0.08x
- Interest Coverage (x)
- 24.74x
- 2.36x
- Revenue Growth %
- -18.24%
- Operating Profit Growth %
- 5.98%
- Net Profit Growth %
- 13.63%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- 27.19
- Book Value (₹)
- 131.81
- Dividend per Share (₹)
- 0.50
- Cash EPS (₹)
- 15.69
- Operating Margin %
- 33.80%
- Net Margin %
- 20.59%
- ROE %
- 22.98%
- ROCE %
- 32.99%
- 18.02%
- Debtor Days
- 68
- Inventory Days
- 29
- Payable Days
- 33
- 64
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 75.81x
- 6.12x
- Revenue Growth %
- 1.56%
- Operating Profit Growth %
- 8.17%
- Net Profit Growth %
- 6.61%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 28.00
- Book Value (₹)
- 155.02
- Dividend per Share (₹)
- 4.50
- Cash EPS (₹)
- 16.27
- Operating Margin %
- 30.84%
- Net Margin %
- 19.39%
- ROE %
- 19.49%
- ROCE %
- 27.51%
- 15.98%
- Debtor Days
- 78
- Inventory Days
- 36
- Payable Days
- 46
- 68
- Debt to Equity (x)
- 0.02x
- Interest Coverage (x)
- 94.51x
- 4.66x
- Revenue Growth %
- 13.87%
- Operating Profit Growth %
- -0.61%
- Net Profit Growth %
- 2.57%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 54.97
- Book Value (₹)
- 204.56
- Dividend per Share (₹)
- 7.00
- Cash EPS (₹)
- 30.15
- Operating Margin %
- 40.32%
- Net Margin %
- 25.04%
- ROE %
- 30.57%
- ROCE %
- 45.79%
- 25.59%
- Debtor Days
- 68
- Inventory Days
- 28
- Payable Days
- 41
- 56
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 196.23x
- 5.98x
- Revenue Growth %
- 54.58%
- Operating Profit Growth %
- 98.68%
- Net Profit Growth %
- 96.33%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
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 %
- 28.65%
- ROCE %
- 36.55%
- 25.00%
- Debtor Days
- 79
- Inventory Days
- 33
- Payable Days
- 46
- 66
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 209.58x
- 7.22x
- Revenue Growth %
- -8.78%
- Operating Profit Growth %
- 1.11%
- Net Profit Growth %
- 18.17%
- 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)
- 354.57x
- 6.10x
- 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 (₹)
- 33.73
- Book Value (₹)
- 177.87
- Dividend per Share (₹)
- 6.50
- Cash EPS (₹)
- 38.15
- Operating Margin %
- 30.73%
- Net Margin %
- 21.46%
- ROE %
- 20.56%
- ROCE %
- 26.59%
- 18.14%
- Debtor Days
- 83
- Inventory Days
- 34
- Payable Days
- 36
- 81
- Debt to Equity (x)
- 0.01x
- Interest Coverage (x)
- 272.94x
- 4.64x
- Revenue Growth %
- 69.30%
- Operating Profit Growth %
- 30.95%
- Net Profit Growth %
- 28.71%
- 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 (₹)
- 199.75
- Dividend per Share (₹)
- 7.00
- Cash EPS (₹)
- 46.52
- Operating Margin %
- 30.18%
- Net Margin %
- 20.22%
- ROE %
- 21.60%
- ROCE %
- 27.66%
- 17.94%
- Debtor Days
- 81
- Inventory Days
- 36
- Payable Days
- 38
- 80
- Debt to Equity (x)
- 0.02x
- Interest Coverage (x)
- 173.95x
- 4.37x
- Revenue Growth %
- 27.90%
- Operating Profit Growth %
- 25.99%
- Net Profit Growth %
- 20.91%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 31.18
- Book Value (₹)
- 237.65
- Dividend per Share (₹)
- 7.00
- Cash EPS (₹)
- 38.20
- Operating Margin %
- 24.81%
- Net Margin %
- 17.02%
- ROE %
- 14.32%
- ROCE %
- 18.54%
- 11.95%
- Debtor Days
- 95
- Inventory Days
- 41
- Payable Days
- 39
- 98
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 88.37x
- 4.73x
- Revenue Growth %
- -8.05%
- Operating Profit Growth %
- -18.43%
- Net Profit Growth %
- -22.85%
- -23.53%
- P/E (x)
- 47.17x
- P/B (x)
- 6.19x
- Dividend Yield %
- 0.48%
- 29.88x
Mar 2025
- EPS (₹)
- 40.04
- Book Value (₹)
- 270.66
- Dividend per Share (₹)
- 7.50
- Cash EPS (₹)
- 47.83
- Operating Margin %
- 26.09%
- Net Margin %
- 18.47%
- ROE %
- 15.75%
- ROCE %
- 20.61%
- 13.64%
- Debtor Days
- 91
- Inventory Days
- 34
- Payable Days
- 32
- 93
- Debt to Equity (x)
- 0.02x
- Interest Coverage (x)
- 294.17x
- 3.28x
- Revenue Growth %
- 18.32%
- Operating Profit Growth %
- 23.65%
- Net Profit Growth %
- 28.40%
- 28.40%
- P/E (x)
- 39.45x
- P/B (x)
- 5.84x
- Dividend Yield %
- 0.47%
- 26.06x
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 ''.
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
May 2026
May 2025
Aug 2024