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Vipul Organics Ltd (530627)

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

₹258.15 -2.80 (-1.07%)

As on 24-Jun'26 16:59

Vipul Organics Ltd (530627)

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

₹258.15 -2.80 (-1.07%)

As on 24-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹497 Cr.
Current Price
₹258.2
52-Week Low / High
₹157 / 309
TTM EPS
₹3.6
TTM Sales
₹175 Cr.
Book Value per Share
₹61.7
P/E Ratio
71.84
Higher than its 5-year historical median
Industry PE
2.8
Price to Book (P/B)
4.23
Higher than its 5-year historical median
Price to Sales (P/S)
2.83
Higher than its 5-year historical median
EV/EBITDA
28.58
Higher than its 5-year historical median
Dividend Yield
0.31%
Profitability Efficiency
Return on Equity (ROE)
7.29%
In line with industry median
Return on Capital Employed (ROCE)
9.18%
In line with industry median
Return on Assets (ROA)
3.06%
Operating Profit Margin
9%
Net Profit Margin
2.73%
Gross Profit Margin
7.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
8.48%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
23.69%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
33.23%
Asset Quality
Promoter Holding
63.94%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹98 Cr.
Equity
₹19.1 Cr.
Face Value
₹10
All Time Low / High
₹0.32 / 309.00

Vipul Organics stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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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 11.86%, compared to the industry median CAGR of 5.57%, 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 18.6% based on the current price.

10 Year X-Ray : Login to view analysis.

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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 9.1%11.9%11.6%13.3%15.7%17.9%15.3%6.6%8.4%9.2%-
Value Creation
Index
-0.4-0.2-0.2-0.10.10.30.1-0.5-0.4-0.3-

Growth Parameters

Sales 52.45779.490.493120133134150163175
Sales YoY Gr.-8.8%39.3%13.9%2.8%28.6%11.4%0.6%12.1%8.5%-
Adj EPS 1.31.51.53.23.44.83.61.51.83.33.6
YoY Gr.-18.6%-1.3%109.9%8.5%40.1%-24.7%-57.9%16.3%84.8%-
BVPS (₹) 15.618.621.323.625.726.13333.535.748.261.7
Adj Net
Profit
1.11.51.83.84.17.25.82.42.94.47
Cash Flow from Ops. 5.7-4.1-8.214.913.9-2.32.510.24.90.6-
Debt/CF from Ops. 1.2-2.6-2.31.31.6-11.911.92.85.873.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 13.4%11.9%6.9%8.5%
Adj EPS 11%-0.9%-3.2%84.8%
BVPS13.4%13.5%13.5%35.1%
Share Price 21.5% 19% 44.3% 26%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
8.49.1814.113.619.512.44.65.27.16.6
Op. Profit
Mgn %
5.75.64.67.49.713.811.19.27.799.8
Net Profit
Mgn %
2.12.62.34.24.464.31.81.92.73.9
Debt to
Equity
0.50.60.70.70.70.70.60.50.50.70.1
Working Cap
Days
182179199202203194215229214222133
Cash Conv.
Cycle
3734433419227289768942

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales5257799093120133134150163
Operating Expenses + 5054768484103118122138148
Manufacturing Costs556671317181719
Material Costs3841616664778686100105
Employee Cost 223355791011
Other Costs 5668898101213
Operating Profit 334691615121214
Operating Profit Margin (%) 5.2%5.6%4.6%7.0%9.7%13.5%11.6%8.7%7.7%8.8%
Other Income + 0110111011
Exceptional Items 0000000000
Interest 1111112323
Depreciation 1111265666
Profit Before Tax 123571010356
Tax 0112233112
Profit After Tax 1224577234
PAT Margin (%) 1.7%2.8%2.9%3.9%5.1%5.7%5.2%1.5%2.2%2.7%
Adjusted EPS (₹)1.11.61.92.94.04.64.41.22.13.3
Dividend Payout Ratio (%)49%31.60%27.30%17.50%13%12.50%13.20%58.40%38.90%24%

Valuation of Vipul Organics - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 13182628313953535864
Share Capital 568881010131313
Reserves 8121821232942414551
Debt +6101818202426252441
Long Term Debt0027796629
Short Term Debt6101711131519192232
Minority Interest0000000000
Trade Payables12152321363339344037
Others Liabilities 2337101110121413
Total Liabilities 3447717496107127125136155

Fixed Assets

Net Fixed Assets +6666322936353238
Gross Block10788373952575971
Accumulated Depreciation511251116212733
CWIP 01517000059
Investments 1222222222
Inventories5898161831353436
Trade Receivables10152820253542344450
Cash Equivalents 2533563622
Others Assets 9101717161714131717
Total Assets 3447717496107127125136155

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 6-4-81514-221051
PBT 123571010356
Adjustment 1111376978
Changes in Working Capital 3-6-12106-17-111-5-12
Tax Paid -0-1-1-1-2-2-3-2-1-2
Cash Flow From Investing Activity + -1-2-4-11-11-1-11-3-7-15
Capex -0-3-5-12-11-1-12-3-7-15
Net Investments -1000001000
Others 0000000000
Cash Flow From Financing Activity + -4711-2-045-5-215
Net Proceeds from Shares 0540000000
Net Proceeds from Borrowing 0016-02-3-0-55
Interest Paid -1-1-1-1-1-1-2-3-2-3
Dividend Paid -0-1-1-1-1-1-1-1-1-1
Others -347-62511-0713
Net Cash Flow -01-2131-33-40

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)6.8510.1410.3813.0616.1319.7315.313.736.027.29
ROCE (%)9.1311.9211.5513.2815.7217.9315.266.628.359.18
Asset Turnover Ratio1.51.451.351.251.11.181.141.061.151.12
PAT to CFO Conversion(x)6-2-43.752.8-0.290.2951.670.25
Working Capital Days
Receivable Days76.4078.109897.7088.8091.60105.80103.1094.30105.70
Inventory Days38.5040.4037.8034.7048.405266.309083.9078.50
Payable Days96.30109.30111.80117.40159.20164.90153.40154.20135.20133.80

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Vipul Organics Ltd FAQs

The current trading price of Vipul Organics on 24-Jun-2026 16:59 is ₹258.1.

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 23-Jun-2026 the market cap of Vipul Organics stood at ₹497.2 Cr

The latest P/E ratio of Vipul Organics as of 23-Jun-2026 is 71.84.

The latest P/B ratio of Vipul Organics as of 23-Jun-2026 is 4.23.

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 ₹175 ( 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 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
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