Vishnu Chemicals Ltd.

•

₹ 629.250.65%

2026-08-21

vishnuchemicals.comBSE: 516072NSE: VISHNU

Market Cap₹ 4,184 Cr.

Current Price₹ 625

High / Low₹ 670 / 444

Stock P/E28.0

Book Value₹ 165

Price to Book3.07

Dividend Yield0.05 %

ROCE16.4 %

ROE14.3 %

Face Value₹ 2

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ABOUT

KEY POINTS

PROS

Company has delivered good profit growth of 32.8% CAGR over last 5 years
Company has consistently been profitable over the last 5 years
Company has delivered good sales growth of 18.9% CAGR over last 5 years
Company has a consistent dividend-paying track record
Company maintains a comfortable, low leverage position

CONS

Free cash flow has been persistently negative
Total debt has risen sharply - up 54.0% year on year
Equity base is being diluted - shares outstanding up 12.7%
Growth is decelerating - 3Y profit CAGR (1.4%) trails the 5Y trend (32.8%)
Though reporting repeated profits, the company pays out little dividend (1.4%)

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

Peer comparison

EDIT COLUMNS

ChemicalsChemicalsChemicals

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

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.	VISHNU	621.60	27.95	4184.32	0.05	39.64	23.02	433.41	25.28	16.38	15.11

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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
	300	307	303	299	337	343	370	391	346	400	409	448	433
	250	262	263	237	283	299	308	329	291	343	350	374	391
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	2	3	4	3	3	4	3	6	5	9	6	2	13
Interest	9	9	9	9	9	10	10	8	8	12	14	5	12
Depreciation	7	9	9	9	9	9	12	8	10	10	11	10	11
	37	31	27	49	40	30	44	53	42	46	44	64	55
Tax %	22.79%	22.19%	23.35%	43.14%	24.00%	24.99%	22.58%	26.92%	22.97%	28.17%	22.52%	32.35%	28.05%
Net Profit	0	0	0	0	30	23	34	39	32	33	34	43	40
	5	4	3	4	5	3	5	6	5	5	5	6	1
Equity Capital	12	13	13	13	13	13	13	13	13	13	13	13	13
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	12	13	13	13	13	13	13	13	13	13	13	13	13
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

: 300
: 250
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 9
Depreciation: 7
: 37
Tax %: 22.79%
Net Profit: 0
: 5
Equity Capital: 12
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 12
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 307
: 262
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 9
Depreciation: 9
: 31
Tax %: 22.19%
Net Profit: 0
: 4
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 303
: 263
Operating Profit: —
OPM %: —
Other Income: 4
Interest: 9
Depreciation: 9
: 27
Tax %: 23.35%
Net Profit: 0
: 3
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 299
: 237
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 9
Depreciation: 9
: 49
Tax %: 43.14%
Net Profit: 0
: 4
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 337
: 283
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 9
Depreciation: 9
: 40
Tax %: 24.00%
Net Profit: 30
: 5
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 343
: 299
Operating Profit: —
OPM %: —
Other Income: 4
Interest: 10
Depreciation: 9
: 30
Tax %: 24.99%
Net Profit: 23
: 3
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 370
: 308
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 10
Depreciation: 12
: 44
Tax %: 22.58%
Net Profit: 34
: 5
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 391
: 329
Operating Profit: —
OPM %: —
Other Income: 6
Interest: 8
Depreciation: 8
: 53
Tax %: 26.92%
Net Profit: 39
: 6
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 346
: 291
Operating Profit: —
OPM %: —
Other Income: 5
Interest: 8
Depreciation: 10
: 42
Tax %: 22.97%
Net Profit: 32
: 5
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 400
: 343
Operating Profit: —
OPM %: —
Other Income: 9
Interest: 12
Depreciation: 10
: 46
Tax %: 28.17%
Net Profit: 33
: 5
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 409
: 350
Operating Profit: —
OPM %: —
Other Income: 6
Interest: 14
Depreciation: 11
: 44
Tax %: 22.52%
Net Profit: 34
: 5
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 448
: 374
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 5
Depreciation: 10
: 64
Tax %: 32.35%
Net Profit: 43
: 6
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 433
: 391
Operating Profit: —
OPM %: —
Other Income: 13
Interest: 12
Depreciation: 11
: 55
Tax %: 28.05%
Net Profit: 40
: 1
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 13
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	507	643	769	674	679	1,069	1,391	1,213	1,447	1,610	1,690
	441	562	667	591	600	911	1,160	1,010	1,217	1,356	1,457
Operating Profit	74	90	105	90	82	163	247	215	245	276	—
OPM %	15	14	14	13	12	15	18	18	17	17	—
Other Income	7	8	3	7	3	6	15	12	15	23	31
Interest	44	49	47	39	27	28	35	37	38	39	42
Depreciation	16	19	21	20	20	23	26	34	38	41	42
	14	22	37	30	34	112	185	144	168	195	209
Tax %	52	35	35	27	-1	28	26	30	25	27	28
Net Profit	7	14	24	22	34	81	137	101	127	142	150
EPS	5	12	20	19	29	14	23	15	19	21	—
Dividend Payout %	0	8	5	5	3	3	2	2	2	1	—
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	1	2	4	4	6	14	23	15	19	21	—
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	1	2	4	4	6	14	23	15	19	21	—

Mar 2017

: 507
: 441
Operating Profit: 74
OPM %: 15
Other Income: 7
Interest: 44
Depreciation: 16
: 14
Tax %: 52
Net Profit: 7
EPS: 5
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

Mar 2018

: 643
: 562
Operating Profit: 90
OPM %: 14
Other Income: 8
Interest: 49
Depreciation: 19
: 22
Tax %: 35
Net Profit: 14
EPS: 12
Dividend Payout %: 8
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

Mar 2019

: 769
: 667
Operating Profit: 105
OPM %: 14
Other Income: 3
Interest: 47
Depreciation: 21
: 37
Tax %: 35
Net Profit: 24
EPS: 20
Dividend Payout %: 5
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4

Mar 2020

: 674
: 591
Operating Profit: 90
OPM %: 13
Other Income: 7
Interest: 39
Depreciation: 20
: 30
Tax %: 27
Net Profit: 22
EPS: 19
Dividend Payout %: 5
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4

Mar 2021

: 679
: 600
Operating Profit: 82
OPM %: 12
Other Income: 3
Interest: 27
Depreciation: 20
: 34
Tax %: -1
Net Profit: 34
EPS: 29
Dividend Payout %: 3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 6
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 6

Mar 2022

: 1,069
: 911
Operating Profit: 163
OPM %: 15
Other Income: 6
Interest: 28
Depreciation: 23
: 112
Tax %: 28
Net Profit: 81
EPS: 14
Dividend Payout %: 3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 14
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 14

Mar 2023

: 1,391
: 1,160
Operating Profit: 247
OPM %: 18
Other Income: 15
Interest: 35
Depreciation: 26
: 185
Tax %: 26
Net Profit: 137
EPS: 23
Dividend Payout %: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 23
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 23

Mar 2024

: 1,213
: 1,010
Operating Profit: 215
OPM %: 18
Other Income: 12
Interest: 37
Depreciation: 34
: 144
Tax %: 30
Net Profit: 101
EPS: 15
Dividend Payout %: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 15
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 15

Mar 2025

: 1,447
: 1,217
Operating Profit: 245
OPM %: 17
Other Income: 15
Interest: 38
Depreciation: 38
: 168
Tax %: 25
Net Profit: 127
EPS: 19
Dividend Payout %: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 19
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 19

Mar 2026

: 1,610
: 1,356
Operating Profit: 276
OPM %: 17
Other Income: 23
Interest: 39
Depreciation: 41
: 195
Tax %: 27
Net Profit: 142
EPS: 21
Dividend Payout %: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 21
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 21

TTM

: 1,690
: 1,457
Operating Profit: —
OPM %: —
Other Income: 31
Interest: 42
Depreciation: 42
: 209
Tax %: 28
Net Profit: 150
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:: 13%
5 Years:: 19%
3 Years:: 5%

COMPOUNDED PROFIT GROWTH

10 Years:: 21%
5 Years:: 33%
3 Years:: 1%

STOCK PRICE CAGR

10 Years:: 30%
5 Years:: 38%
3 Years:: 26%
1 Year:: 26%

RETURN ON EQUITY

10 Years:: 20%
5 Years:: 24%
3 Years:: 16%
Last Year:: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	12	12	12	12	12	12	12	13	13	13
	85	99	130	148	184	265	402	688	913	1,056
	179	189	158	141	131	123	114	143	165	191
Trade Payables	127	178	139	138	137	171	177	227	287	365
	291	304	317	296	308	343	346	255	255	462
Total Liabilities	694	782	757	735	773	915	1,051	1,325	1,634	2,088
ASSETS	-	-	-	-	-	-	-	-	-	-
	290	349	350	338	387	463	465	635	702	836
Capital Work in Progress	62	17	19	36	24	5	98	16	69	159
	1	1	1	1	1	3	2	2	0	1
	170	182	189	208	191	168	207	317	403	513
	0	0	0	0	0	0	0	230	294	310
Cash & Bank	13	18	14	15	11	15	21	60	82	100
	158	214	183	136	159	260	258	66	84	169
Total Assets	694	782	757	735	773	915	1,051	1,325	1,634	2,088
Total Debt	323	381	348	326	336	363	379	315	342	527
Net Working Capital	-84	-22	7	18	21	46	101	239	346	389
Contingent Liabilities	22	17	14	10	9	10	10	11	8	9
Book Value per Share	81.14	93.19	119.21	133.93	164.19	231.77	69.37	107.00	137.67	158.83
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	2.00	2.00	2.00	2.00
Total Debt	323	381	348	326	336	363	379	315	342	527
Net Working Capital	-84	-22	7	18	21	46	101	239	346	389
Contingent Liabilities	22	17	14	10	9	10	10	11	8	9
Book Value per Share	81.14	93.19	119.21	133.93	164.19	231.77	69.37	107.00	137.67	158.83
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	2.00	2.00	2.00	2.00

Mar 2017

Equity Capital: 12
: 85
: 179
Trade Payables: 127
: 291
Total Liabilities: 694
: 290
Capital Work in Progress: 62
: 1
: 170
: 0
Cash & Bank: 13
: 158
Total Assets: 694
Total Debt: 323
Net Working Capital: -84
Contingent Liabilities: 22
Book Value per Share: 81.14
Face Value: 10.00
Total Debt: 323
Net Working Capital: -84
Contingent Liabilities: 22
Book Value per Share: 81.14
Face Value: 10.00

Mar 2018

Equity Capital: 12
: 99
: 189
Trade Payables: 178
: 304
Total Liabilities: 782
: 349
Capital Work in Progress: 17
: 1
: 182
: 0
Cash & Bank: 18
: 214
Total Assets: 782
Total Debt: 381
Net Working Capital: -22
Contingent Liabilities: 17
Book Value per Share: 93.19
Face Value: 10.00
Total Debt: 381
Net Working Capital: -22
Contingent Liabilities: 17
Book Value per Share: 93.19
Face Value: 10.00

Mar 2019

Equity Capital: 12
: 130
: 158
Trade Payables: 139
: 317
Total Liabilities: 757
: 350
Capital Work in Progress: 19
: 1
: 189
: 0
Cash & Bank: 14
: 183
Total Assets: 757
Total Debt: 348
Net Working Capital: 7
Contingent Liabilities: 14
Book Value per Share: 119.21
Face Value: 10.00
Total Debt: 348
Net Working Capital: 7
Contingent Liabilities: 14
Book Value per Share: 119.21
Face Value: 10.00

Mar 2020

Equity Capital: 12
: 148
: 141
Trade Payables: 138
: 296
Total Liabilities: 735
: 338
Capital Work in Progress: 36
: 1
: 208
: 0
Cash & Bank: 15
: 136
Total Assets: 735
Total Debt: 326
Net Working Capital: 18
Contingent Liabilities: 10
Book Value per Share: 133.93
Face Value: 10.00
Total Debt: 326
Net Working Capital: 18
Contingent Liabilities: 10
Book Value per Share: 133.93
Face Value: 10.00

Mar 2021

Equity Capital: 12
: 184
: 131
Trade Payables: 137
: 308
Total Liabilities: 773
: 387
Capital Work in Progress: 24
: 1
: 191
: 0
Cash & Bank: 11
: 159
Total Assets: 773
Total Debt: 336
Net Working Capital: 21
Contingent Liabilities: 9
Book Value per Share: 164.19
Face Value: 10.00
Total Debt: 336
Net Working Capital: 21
Contingent Liabilities: 9
Book Value per Share: 164.19
Face Value: 10.00

Mar 2022

Equity Capital: 12
: 265
: 123
Trade Payables: 171
: 343
Total Liabilities: 915
: 463
Capital Work in Progress: 5
: 3
: 168
: 0
Cash & Bank: 15
: 260
Total Assets: 915
Total Debt: 363
Net Working Capital: 46
Contingent Liabilities: 10
Book Value per Share: 231.77
Face Value: 10.00
Total Debt: 363
Net Working Capital: 46
Contingent Liabilities: 10
Book Value per Share: 231.77
Face Value: 10.00

Mar 2023

Equity Capital: 12
: 402
: 114
Trade Payables: 177
: 346
Total Liabilities: 1,051
: 465
Capital Work in Progress: 98
: 2
: 207
: 0
Cash & Bank: 21
: 258
Total Assets: 1,051
Total Debt: 379
Net Working Capital: 101
Contingent Liabilities: 10
Book Value per Share: 69.37
Face Value: 2.00
Total Debt: 379
Net Working Capital: 101
Contingent Liabilities: 10
Book Value per Share: 69.37
Face Value: 2.00

Mar 2024

Equity Capital: 13
: 688
: 143
Trade Payables: 227
: 255
Total Liabilities: 1,325
: 635
Capital Work in Progress: 16
: 2
: 317
: 230
Cash & Bank: 60
: 66
Total Assets: 1,325
Total Debt: 315
Net Working Capital: 239
Contingent Liabilities: 11
Book Value per Share: 107.00
Face Value: 2.00
Total Debt: 315
Net Working Capital: 239
Contingent Liabilities: 11
Book Value per Share: 107.00
Face Value: 2.00

Mar 2025

Equity Capital: 13
: 913
: 165
Trade Payables: 287
: 255
Total Liabilities: 1,634
: 702
Capital Work in Progress: 69
: 0
: 403
: 294
Cash & Bank: 82
: 84
Total Assets: 1,634
Total Debt: 342
Net Working Capital: 346
Contingent Liabilities: 8
Book Value per Share: 137.67
Face Value: 2.00
Total Debt: 342
Net Working Capital: 346
Contingent Liabilities: 8
Book Value per Share: 137.67
Face Value: 2.00

Mar 2026

Equity Capital: 13
: 1,056
: 191
Trade Payables: 365
: 462
Total Liabilities: 2,088
: 836
Capital Work in Progress: 159
: 1
: 513
: 310
Cash & Bank: 100
: 169
Total Assets: 2,088
Total Debt: 527
Net Working Capital: 389
Contingent Liabilities: 9
Book Value per Share: 158.83
Face Value: 2.00
Total Debt: 527
Net Working Capital: 389
Contingent Liabilities: 9
Book Value per Share: 158.83
Face Value: 2.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	73	89	100	49	67	94	134	67	90	127
Cash from Investing	-98	-33	-23	-22	-52	-86	-118	-154	-100	-267
Cash from Financing	25	-56	-78	-24	-19	-9	-16	88	10	146
	0	0	-1	4	-4	0	0	2	0	5
Free Cash Flow	-26	57	78	23	12	20	15	-65	-70	-137
OCF / Net Profit	11.19	6.18	4.10	2.21	1.95	1.16	0.98	0.67	0.71	0.89
Cumulative 5-Year FCF	0	0	0	0	145	190	149	6	-88	-237
OCF / Net Profit	11.19	6.18	4.10	2.21	1.95	1.16	0.98	0.67	0.71	0.89
Cumulative 5-Year FCF	0	0	0	0	145	190	149	6	-88	-237

Mar 2017

: 73
Cash from Investing: -98
Cash from Financing: 25
: 0
Free Cash Flow: -26
OCF / Net Profit: 11.19
Cumulative 5-Year FCF: 0
OCF / Net Profit: 11.19
Cumulative 5-Year FCF: 0

Mar 2018

: 89
Cash from Investing: -33
Cash from Financing: -56
: 0
Free Cash Flow: 57
OCF / Net Profit: 6.18
Cumulative 5-Year FCF: 0
OCF / Net Profit: 6.18
Cumulative 5-Year FCF: 0

Mar 2019

: 100
Cash from Investing: -23
Cash from Financing: -78
: -1
Free Cash Flow: 78
OCF / Net Profit: 4.10
Cumulative 5-Year FCF: 0
OCF / Net Profit: 4.10
Cumulative 5-Year FCF: 0

Mar 2020

: 49
Cash from Investing: -22
Cash from Financing: -24
: 4
Free Cash Flow: 23
OCF / Net Profit: 2.21
Cumulative 5-Year FCF: 0
OCF / Net Profit: 2.21
Cumulative 5-Year FCF: 0

Mar 2021

: 67
Cash from Investing: -52
Cash from Financing: -19
: -4
Free Cash Flow: 12
OCF / Net Profit: 1.95
Cumulative 5-Year FCF: 145
OCF / Net Profit: 1.95
Cumulative 5-Year FCF: 145

Mar 2022

: 94
Cash from Investing: -86
Cash from Financing: -9
: 0
Free Cash Flow: 20
OCF / Net Profit: 1.16
Cumulative 5-Year FCF: 190
OCF / Net Profit: 1.16
Cumulative 5-Year FCF: 190

Mar 2023

: 134
Cash from Investing: -118
Cash from Financing: -16
: 0
Free Cash Flow: 15
OCF / Net Profit: 0.98
Cumulative 5-Year FCF: 149
OCF / Net Profit: 0.98
Cumulative 5-Year FCF: 149

Mar 2024

: 67
Cash from Investing: -154
Cash from Financing: 88
: 2
Free Cash Flow: -65
OCF / Net Profit: 0.67
Cumulative 5-Year FCF: 6
OCF / Net Profit: 0.67
Cumulative 5-Year FCF: 6

Mar 2025

: 90
Cash from Investing: -100
Cash from Financing: 10
: 0
Free Cash Flow: -70
OCF / Net Profit: 0.71
Cumulative 5-Year FCF: -88
OCF / Net Profit: 0.71
Cumulative 5-Year FCF: -88

Mar 2026

: 127
Cash from Investing: -267
Cash from Financing: 146
: 5
Free Cash Flow: -137
OCF / Net Profit: 0.89
Cumulative 5-Year FCF: -237
OCF / Net Profit: 0.89
Cumulative 5-Year FCF: -237

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	5.48	12.07	20.40	18.61	28.88	68.13	22.86	15.43	18.81	21.14
Book Value (₹)	81.14	93.19	119.21	133.93	164.19	231.77	69.37	107.00	137.67	158.83
Dividend per Share (₹)	0.00	1.00	1.00	1.00	1.00	2.00	0.40	0.30	0.30	0.30
Cash EPS (₹)	3.76	5.56	7.57	7.10	9.17	17.47	27.29	20.55	24.48	27.27
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	13.48%	13.72%	13.69%	13.32%	12.02%	15.28%	17.73%	16.69%	15.86%	15.74%
Net Margin %	1.20%	2.21%	3.17%	3.30%	5.08%	7.61%	9.82%	8.34%	8.75%	8.84%
ROE %	6.08%	13.85%	19.21%	14.70%	19.37%	34.41%	39.51%	18.13%	15.56%	14.26%
ROCE %	14.40%	15.50%	17.17%	14.24%	12.05%	23.95%	30.71%	20.03%	18.08%	16.38%
	0.99%	1.96%	3.17%	2.98%	4.57%	9.64%	13.89%	8.51%	8.56%	7.65%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	71	67	66	61	56	52	49	62	66	69
Inventory Days	115	99	88	108	107	61	49	79	91	104
Payable Days	201	182	168	168	174	131	118	167	154	172
	-16	-16	-14	1	-12	-18	-20	-26	3	0
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	3.33x	3.43x	2.45x	2.04x	1.71x	1.31x	0.91x	0.45x	0.37x	0.49x
Interest Coverage (x)	1.31x	1.45x	1.80x	1.77x	2.25x	5.01x	6.35x	4.83x	5.38x	5.97x
	0.79x	0.95x	1.02x	1.05x	1.07x	1.12x	1.28x	1.58x	1.70x	1.60x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	5.57%	26.85%	19.66%	-12.46%	0.77%	57.51%	30.12%	-12.82%	19.29%	11.28%
Operating Profit Growth %	-14.86%	21.70%	17.64%	-14.81%	-9.06%	100.21%	50.95%	-12.89%	13.97%	12.74%
Net Profit Growth %	-69.21%	120.46%	68.92%	-8.76%	55.18%	135.96%	67.78%	-25.97%	25.26%	12.34%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-32.52%	21.94%	12.34%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	20.64x	24.33x	23.08x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	2.98x	3.32x	3.07x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.09%	0.07%	0.06%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	10.90x	13.65x	13.45x

Mar 2017

EPS (₹): 5.48
Book Value (₹): 81.14
Dividend per Share (₹): 0.00
Cash EPS (₹): 3.76
Operating Margin %: 13.48%
Net Margin %: 1.20%
ROE %: 6.08%
ROCE %: 14.40%
: 0.99%
Debtor Days: 71
Inventory Days: 115
Payable Days: 201
: -16
Debt to Equity (x): 3.33x
Interest Coverage (x): 1.31x
: 0.79x
Revenue Growth %: 5.57%
Operating Profit Growth %: -14.86%
Net Profit Growth %: -69.21%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): 12.07
Book Value (₹): 93.19
Dividend per Share (₹): 1.00
Cash EPS (₹): 5.56
Operating Margin %: 13.72%
Net Margin %: 2.21%
ROE %: 13.85%
ROCE %: 15.50%
: 1.96%
Debtor Days: 67
Inventory Days: 99
Payable Days: 182
: -16
Debt to Equity (x): 3.43x
Interest Coverage (x): 1.45x
: 0.95x
Revenue Growth %: 26.85%
Operating Profit Growth %: 21.70%
Net Profit Growth %: 120.46%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): 20.40
Book Value (₹): 119.21
Dividend per Share (₹): 1.00
Cash EPS (₹): 7.57
Operating Margin %: 13.69%
Net Margin %: 3.17%
ROE %: 19.21%
ROCE %: 17.17%
: 3.17%
Debtor Days: 66
Inventory Days: 88
Payable Days: 168
: -14
Debt to Equity (x): 2.45x
Interest Coverage (x): 1.80x
: 1.02x
Revenue Growth %: 19.66%
Operating Profit Growth %: 17.64%
Net Profit Growth %: 68.92%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 18.61
Book Value (₹): 133.93
Dividend per Share (₹): 1.00
Cash EPS (₹): 7.10
Operating Margin %: 13.32%
Net Margin %: 3.30%
ROE %: 14.70%
ROCE %: 14.24%
: 2.98%
Debtor Days: 61
Inventory Days: 108
Payable Days: 168
: 1
Debt to Equity (x): 2.04x
Interest Coverage (x): 1.77x
: 1.05x
Revenue Growth %: -12.46%
Operating Profit Growth %: -14.81%
Net Profit Growth %: -8.76%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 28.88
Book Value (₹): 164.19
Dividend per Share (₹): 1.00
Cash EPS (₹): 9.17
Operating Margin %: 12.02%
Net Margin %: 5.08%
ROE %: 19.37%
ROCE %: 12.05%
: 4.57%
Debtor Days: 56
Inventory Days: 107
Payable Days: 174
: -12
Debt to Equity (x): 1.71x
Interest Coverage (x): 2.25x
: 1.07x
Revenue Growth %: 0.77%
Operating Profit Growth %: -9.06%
Net Profit Growth %: 55.18%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 68.13
Book Value (₹): 231.77
Dividend per Share (₹): 2.00
Cash EPS (₹): 17.47
Operating Margin %: 15.28%
Net Margin %: 7.61%
ROE %: 34.41%
ROCE %: 23.95%
: 9.64%
Debtor Days: 52
Inventory Days: 61
Payable Days: 131
: -18
Debt to Equity (x): 1.31x
Interest Coverage (x): 5.01x
: 1.12x
Revenue Growth %: 57.51%
Operating Profit Growth %: 100.21%
Net Profit Growth %: 135.96%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 22.86
Book Value (₹): 69.37
Dividend per Share (₹): 0.40
Cash EPS (₹): 27.29
Operating Margin %: 17.73%
Net Margin %: 9.82%
ROE %: 39.51%
ROCE %: 30.71%
: 13.89%
Debtor Days: 49
Inventory Days: 49
Payable Days: 118
: -20
Debt to Equity (x): 0.91x
Interest Coverage (x): 6.35x
: 1.28x
Revenue Growth %: 30.12%
Operating Profit Growth %: 50.95%
Net Profit Growth %: 67.78%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 15.43
Book Value (₹): 107.00
Dividend per Share (₹): 0.30
Cash EPS (₹): 20.55
Operating Margin %: 16.69%
Net Margin %: 8.34%
ROE %: 18.13%
ROCE %: 20.03%
: 8.51%
Debtor Days: 62
Inventory Days: 79
Payable Days: 167
: -26
Debt to Equity (x): 0.45x
Interest Coverage (x): 4.83x
: 1.58x
Revenue Growth %: -12.82%
Operating Profit Growth %: -12.89%
Net Profit Growth %: -25.97%
: -32.52%
P/E (x): 20.64x
P/B (x): 2.98x
Dividend Yield %: 0.09%
: 10.90x

Mar 2025

EPS (₹): 18.81
Book Value (₹): 137.67
Dividend per Share (₹): 0.30
Cash EPS (₹): 24.48
Operating Margin %: 15.86%
Net Margin %: 8.75%
ROE %: 15.56%
ROCE %: 18.08%
: 8.56%
Debtor Days: 66
Inventory Days: 91
Payable Days: 154
: 3
Debt to Equity (x): 0.37x
Interest Coverage (x): 5.38x
: 1.70x
Revenue Growth %: 19.29%
Operating Profit Growth %: 13.97%
Net Profit Growth %: 25.26%
: 21.94%
P/E (x): 24.33x
P/B (x): 3.32x
Dividend Yield %: 0.07%
: 13.65x

Mar 2026

EPS (₹): 21.14
Book Value (₹): 158.83
Dividend per Share (₹): 0.30
Cash EPS (₹): 27.27
Operating Margin %: 15.74%
Net Margin %: 8.84%
ROE %: 14.26%
ROCE %: 16.38%
: 7.65%
Debtor Days: 69
Inventory Days: 104
Payable Days: 172
: 0
Debt to Equity (x): 0.49x
Interest Coverage (x): 5.97x
: 1.60x
Revenue Growth %: 11.28%
Operating Profit Growth %: 12.74%
Net Profit Growth %: 12.34%
: 12.34%
P/E (x): 23.08x
P/B (x): 3.07x
Dividend Yield %: 0.06%
: 13.45x

Shareholding Pattern

Numbers in percentages

TRADES

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	68.36	68.36	68.36	69.21	69.21	69.21	69.21	69.21	69.21
	0.48	0.90	0.70	0.83	2.74	2.23	2.20	2.30	2.51
	6.74	6.57	7.37	6.72	5.42	5.59	5.71	5.72	5.94
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	24.42	24.17	23.57	23.26	22.63	22.97	22.89	22.78	22.34

Jun 2024

: 68.36
: 0.48
: 6.74
Government: 0.00
: 24.42

Sep 2024

: 68.36
: 0.90
: 6.57
Government: 0.00
: 24.17

Dec 2024

: 68.36
: 0.70
: 7.37
Government: 0.00
: 23.57

Mar 2025

: 69.21
: 0.83
: 6.72
Government: 0.00
: 23.26

Jun 2025

: 69.21
: 2.74
: 5.42
Government: 0.00
: 22.63

Sep 2025

: 69.21
: 2.23
: 5.59
Government: 0.00
: 22.97

Dec 2025

: 69.21
: 2.20
: 5.71
Government: 0.00
: 22.89

Mar 2026

: 69.21
: 2.30
: 5.72
Government: 0.00
: 22.78

Jun 2026

: 69.21
: 2.51
: 5.94
Government: 0.00
: 22.34

Documents

Announcements

Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-17 - Vishnu Chemicals Limited has informed the Exchange about Schedule of meet
Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-15 - Vishnu Chemicals Limited has informed the Exchange about Schedule of meet

Annual Reports

Credit Ratings

Nothing filed yet.

Concalls

Aug 2026
Transcript PPTREC
Jun 2026
TranscriptPPTREC
Feb 2026
Transcript PPTREC