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Vipul Organics Ltd. Stock Analysis

Small Cap
Evaluated by 149 users | BSE: 530627 | NSE: |
Dyes & Pigments
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,...

Analysis of Financial Track Record

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.
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 7.48%7.92%6.25%5.24%7.35%5.4%7.23%7.69%6.57%10.52%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 26.53328.934.344.252.452.45779.490.4
Y-o-Y Gr. Rt.-24.3%-12.5%18.7%28.9%18.6%0%8.8%39.3%13.9%
Adjusted EPS (Rs.) 1.391.721.551.332.211.3722.382.345.29
Y-o-Y Gr. Rt.-23.7%-9.9%-14.2%66.2%-38%46%19%-1.7%126.1%
Book Value per Share (Rs.) 21.1621.8122.6622.8223.1223.5124.2128.8533.136.72
Adjusted Net Profit 0.60.90.90.71.20.81.11.51.84.1
Net Op. Cash Flow (Rs. Cr.) 0.5-0.4-0.6-0.12.43.15.7-4.1-8.214.9
Debt to Cash Flow from Ops 10.95-14.57-11.11-159.773.893.331.19-2.56-2.31.3
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Vipul Organics Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 14.6%15.4%20%13.9%
Adjusted EPS 16%19.1%38.3%126.1%
Book Value per Share 6.39.714.910.9
Share Price 20% 32.3% 0.7% -26.3%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 6.618.466.825.849.65.868.369.18.0315.14
Operating Profit Margin (%) 6.496.276.615.236.14.515.735.564.577.4
Net Profit Margin (%) 2.412.842.942.122.741.432.092.622.284.52
Debt to Equity 0.590.530.520.730.730.790.510.580.740.68
Working Capital Days 209193258259227195182179199202
Cash Conversion Cycle 59719279584537344334
Entity Percentage Holding
Promoters 63.20%
Non-Institutions 36.80%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Vipul Organics's performance infers:

Vipul Organics earnings have grown by 19.1%, whereas share price has appreciated 32.3% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Vipul Organics share prices over the last 10 years. Here is what we found out:

Vipul Organics share price has appreciated 10.3% annually over the past ten years.

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

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
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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