Skip to main content

MoneyWorks4Me

Vipul Organics Ltd (530627)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 530627 NSE: Dyes & Pigments | Small Cap | Vipul Organics Share Price

₹221.15 -3.85 (-1.71%)

As on 12-Nov'26 15:03

Vipul Organics Ltd (530627)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 530627 NSE: Dyes & Pigments | Small Cap | Vipul Organics Share Price

₹221.15 -3.85 (-1.71%)

As on 12-Nov'26 15:03

Key Metrics
Valuation Multiples
Market Cap
₹429 Cr.
Current Price
₹221.2
52-Week Low / High
₹157 / 309
TTM EPS
₹4.3
TTM Sales
₹190 Cr.
Book Value per Share
₹62.8
P/E Ratio
52.48
Lower than its 5-year historical median
Industry PE
3.7
Price to Book (P/B)
3.58
Lower than its 5-year historical median
Price to Sales (P/S)
2.26
Higher than its 5-year historical median
EV/EBITDA
22.92
Higher than its 5-year historical median
Dividend Yield
0.36%
Profitability Efficiency
Return on Equity (ROE)
7.63%
In line with industry median
Return on Capital Employed (ROCE)
8.44%
Underperforms industry median
Return on Assets (ROA)
3.60%
Underperforms industry median
Operating Profit Margin
9.7%
Outperforms industry median
Net Profit Margin
3.94%
Outperforms industry median
Gross Profit Margin
9.1%
Outperforms industry median
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
7.74%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
18.13%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
55.76%
Asset Quality
Promoter Holding
63.94%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹101 Cr.
Equity
₹19.1 Cr.
Face Value
₹10
All Time Low / High
₹0.32 / 309.00

Vipul Organics stock performance

Key Ratios
mw4me loader

Check Before You Invest

Valuation

Somewhat Overvalued

Price Trend

Weak
Q.1 Is Vipul Organics Ltd a good quality company?
Vipul Organics Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Vipul Organics Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Vipul Organics Ltd vs industry peers?
Vipul Organics Ltd revenue CAGR is 8.12%, compared to the industry median CAGR of 1.33%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Vipul Organics Ltd?
Promoters hold 63.94% of the Vipul Organics Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Vipul Organics Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 11.5% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Vipul Organics Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ11.9%11.6%13.3%15.7%17.9%15.3%6.6%8.4%9.2%8.4%-
Value Creation
Index ⓘ
-0.2-0.2-0.10.10.30.1-0.5-0.4-0.3-0.4-

Growth Parameters ⓘ

Sales ⓘ5779.490.493120133134150163175190
Sales YoY Gr.-39.3%13.9%2.8%28.6%11.4%0.6%12.1%8.5%7.7%-
Adj EPS ⓘ1.51.53.23.44.83.61.51.83.33.64.3
YoY Gr.--1.3%109.9%8.5%40.1%-24.7%-57.9%16.3%84.8%8.8%-
BVPS (₹) ⓘ18.621.323.625.726.13333.535.748.261.763
Adj Net
Profit ⓘ
1.51.83.84.17.25.82.42.94.46.88
Cash Flow from Ops. ⓘ-4.1-8.214.913.9-2.32.510.24.90.610.5-
Debt/CF from Ops. ⓘ-2.6-2.31.31.6-11.911.92.85.873.35-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ13.3%8%9.4%7.7%
Adj EPS ⓘ9.9%-5.8%32.8%8.8%
BVPSⓘ14.3%18.8%22.6%27.9%
Share Price 11.5% 14.7% 26% 20.8%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ
9.1814.113.619.512.44.65.27.17.56.9
Op. Profit
Mgn % ⓘ
5.64.67.49.713.811.19.27.799.79.7
Net Profit
Mgn % ⓘ
2.62.34.24.464.31.81.92.73.94.3
Debt to
Equity ⓘ
0.60.70.70.70.70.60.50.50.70.5-
Working Cap
Days ⓘ
179199202203194215229214222235133
Cash Conv.
Cycle ⓘ
3443341922728976899542

Valuation of Vipul Organics - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales57799092119133134150163175
Operating Expenses ⓘ + 54768483103118122138148158
Manufacturing Costs5667131718171917
Material Costs41606663758686100105114
Employee Cost 2335679101112
Other Costs ⓘ 67889810121315
Operating Profit ⓘ 3469161512121417
Operating Profit Margin (%) 5.7%4.6%7.0%9.8%13.6%11.6%8.7%7.7%8.8%9.7%
Other Income ⓘ + 1101110111
Exceptional Items ⓘ 0000000000
Interest ⓘ 1111123232
Depreciation ⓘ 1112656666
Profit Before Tax ⓘ 2357101035610
Tax ⓘ 1112331123
Profit After Tax 2245772347
PAT Margin (%) 2.8%2.8%3.9%5.2%5.8%5.2%1.4%2.2%2.7%3.9%
Adjusted EPS (₹)1.71.92.94.04.64.41.22.13.33.6
Dividend Payout Ratio (%)30.90%27.40%17.50%12.90%12.50%13.20%61.30%38.90%24%22.10%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 182528313952535764117
Share Capital ⓘ 6.267.727.727.729.5510.2512.8113.0113.3119.05
Reserves ⓘ 12182023294240445198
Debt +10181820242625244145
Long Term Debt02779662916
Short Term Debt10171113151919223229
Minority Interest-0-0-0-0-0-0-0-0-0-0
Trade Payables15242136333933403648
Others Liabilities ⓘ 3369111012141320
Total Liabilities ⓘ 46707396107127124136154229

Fixed Assets

Net Fixed Assets ⓘ +66632293635323837
Gross Block78837405257597176
Accumulated Depreciation1125111621273339
CWIP ⓘ 151700005939
Investments ⓘ 1111110100
Inventories89917183135333646
Trade Receivables15292125354334445154
Cash Equivalents 53356362230
Others Assets ⓘ 10171716171413171723
Total Assets ⓘ 46707396107127124136154229
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + -4-81514-22105111
PBT ⓘ 2357101035610
Adjustment ⓘ 1113769788
Changes in Working Capital ⓘ -7-12106-17-101-5-12-4
Tax Paid ⓘ -1-1-1-2-2-3-2-1-2-3
Cash Flow From Investing Activity ⓘ + -2-4-11-11-2-11-3-7-15-34
Capex -3-5-12-11-1-12-3-7-16-35
Net Investments 0000010000
Others ⓘ 0000-000001
Cash Flow From Financing Activity ⓘ + 711-2-045-5-21525
Net Proceeds from Shares ⓘ 5400000300
Net Proceeds from Borrowing ⓘ 016-02-3-0-557
Interest Paid ⓘ -1-1-1-1-1-1-3-2-3-2
Dividend Paid ⓘ -1-1-1-1-1-2-1-1-1-1
Others ⓘ 47-62511-041322
Net Cash Flow ⓘ 1-2131-33-401
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)10.4910.3713.216.2919.8415.353.556.057.37.63
ROCE (%)12.1511.6113.3515.817.9915.296.628.379.198.44
Asset Turnover Ratio1.481.361.251.091.171.141.071.161.120.91
PAT to CFO Conversion(x)-2-43.752.8-0.290.2951.670.251.57
Working Capital Days
Receivable Days79.1099.80100.1090.7093106.90104.4095.40106.80109.40
Inventory Days40.2038.2035.9050.2053.406790.2083.7078.3085.30
Payable Days107.40112.30119.20163168.30153.70153.90134.50133.20135

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Annual reports

No annual reports available.

Concalls

No concalls available.

Vipul Organics Ltd FAQs

The current trading price of Vipul Organics on 12-Nov-2026 15:03 is ₹221.2.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 11-Nov-2026 the market cap of Vipul Organics stood at ₹428.7 Cr

The latest P/E ratio of Vipul Organics as of 11-Nov-2026 is 52.48.

The latest P/B ratio of Vipul Organics as of 11-Nov-2026 is 3.57.

The 52-week high of Vipul Organics is ₹309.0 and the 52-week low is ₹156.8.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Vipul Organics is ₹190 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Vipul Organics Ltd is a below average quality company.

The key valuation ratios of Vipul Organics Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Vipul Organics Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Vipul Organics Ltd

Pravinchandra B Shah pioneered and inspired the spectacular growth of this enterprise, played a leading role in establishing Vipul Dye Chem (VDCL.), the flagship company of the group in 1974. Vipul Dye-Chem Ltd. is a manufacturer & exporter of dyestuffs like Napthol, Naphthol, Fast Bases, Fast Colour Bases, Fast Colour Salts, Fast Salts, Fast Black, etc.

A decade after incorporation of 'VDCL', when Vipul P.Shah an enthusiastic & able young chemical engineer together with his father P.B.Shah, pursued the same successful course with a dynamism and foresignt that pave way to incredible growth. As growth continued over the years, a clear structuralization was needed and one after another subsidiary manufacturing plants were formed.

The very first company of 'Vipul' group of companies was started in the year 1968 to manufacture Napthols, Fast colour bases, Fast colour salts & Dyes ntermediates. VDCL is a public limited company listed on Mumbai, New Delhi and Ahmedabad stock exchanges. All the compliances and requirements are met in a timely manner. VDCL has with them, experts in dyestuffs, pharmaceuticals who are constantly engaged in researches to have the best quality of the product at the most competitive price.

The company is a government recognised Export House. It exports dye intermediates to Switzerland Hong Kong West Germany USA Italy. Some of the clients are Dolder A. G. (Switzerland) Chemag A. G. (West Germany) American Fine Chemical Co. U.S.A. Peekay Chemicals Ltd. Canada and Ve. Co. Tex. S.R.L. Italy. etc.

Products range of the company includes:

  • Napthols
  • Fast colour bases
  • Fast Colour Salts
  • Reactice Dyes
  • Acid Dyes
  • Direct Dyes
  • Food colours & Lake Colours
  • Pigment Powders
  • Pigment Dispersions
  • Vat Dyes
  • Vat Pastes
  • Basic Dyes
  • Intermediates for Dyestuffs Pigmets

Achievements/ recognition:

  • ISO 9001:2000 Certificate

The company is registered with the following Organisations

  • Federation of Indian Export Organisation.
  • Dyestuff Manufacturer Association of India.
  • Basic Chemicals & Pharmaceuticals Export Promotion Council.
  • Indian Merchant Chamber.
  • World Trade Center Organisation.
  • One Star Export House by Ministry of Commerce, Govt. Of India
You have 3 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now