1. India Stocks

  2. •

    Process industries

  3. •

    Industrial specialties
Vipul Organics Limited

Vipul Organics Limited

BBSE:VIPULORG
231.05
INR
-6.70
(-2.82%)
4.70EPS
55.83P/E
5.00BMarket Cap
Nov 17Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
52.06
61.67
59.52
65.38
74.01
73
74.77
65.88
87.22
83.22
92.86
98.4
96.35
108.98
Basic EPS, GAAP
0.7
0.85
1.07
1.9
2.15
2.94
3.99
3.88
4.63
1.18
2.09
2.7
3.83
4.7
Free Cash Flow per Basic Share
1.62
0.98
4.89
-4.79
-8.06
12.43
2.21
-2.01
-7.33
4.41
-1.33
-9.32
-13.59
- -
Dividend per Share
0.51
0.52
0.51
0.67
0.56
0.61
0.61
0.45
0.58
0.74
0.72
0.8
0.78
- -
Book Value per Share
14.67
14.84
16.2
19.86
21.12
23.44
26.99
27.26
32.85
33.29
36.02
38.6
61.48
- -
Tangible Book Value per Share
14.67
14.84
16.2
19.86
20.97
23.27
26.86
27.18
32.8
33.25
35.99
38.56
61.45
- -
Basic Weighted Avg Shares
9
9
9
9
10
12
12
18
15
16
16
16
18
17
Sales/Revenue/Turnover
443
525
506
556
770
876
897
1,164
1,314
1,325
1,486
1,612
1,735
1,896
Operating Margin (%)
3
3.09
3.84
4.57
3.84
7.12
8.02
9.19
7.27
4.51
4.07
5.4
6.13
6.43
Depreciation Expense
5
7
9
8
7
6
20
58
52
63
56
59
64
63
Net Income, GAAP
6
7
9
16
22
35
48
69
70
19
33
44
69
82
Effective Tax Rate (%)
32.48
33.67
32.79
32.42
33.91
29.81
32.55
28.3
28.47
31.37
27.76
30.15
27.59
28.05
Profit Margin (%)
1.35
1.38
1.8
2.91
2.91
4.03
5.33
5.89
5.3
1.41
2.25
2.75
3.98
4.31
Working Capital
20
12
22
56
72
70
33
173
192
221
196
193
473
- -
LT Debt
2
5
2
4
17
74
71
102
73
89
43
97
159
- -
Total Equity
124
125
136
192
252
280
323
403
522
529
581
637
1,170
- -
Return on Invested Capital (%)
2.62
3.22
4.34
6.72
5.16
9.2
9.35
12.19
8.75
4.76
4.93
5.93
5.35
- -
Return on Capital (%)
4.52
5.32
5.98
7.95
7.65
9.18
10.52
12.64
10.79
4.24
5.78
6.21
6
- -
Return on Common Equity (%)
4.81
5.77
6.91
9.78
10.03
13.2
15.8
18.82
15.02
3.55
6
7.25
7.63
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
379
- -
LT Borrowings
- -
159
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
19
19
19
Market Capitalization
4,363
3,037
4,996

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
1,449
- -
Cash, Cash Equivalents & STI
- -
304
- -
Accounts Receivable, Net
- -
544
- -
Inventories
- -
456
- -
Total Current Liabilities
- -
975
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
379
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
25.71%
26.79%
83.64%
Free Cash Flow
-9.04%
119.19%
60.32%
Net Income, GAAP
34.77%
19.09%
55.97%
Sales/Revenue/Turnover
13.62%
8.39%
7.63%
Total Cash Common Dividend
13.26%
12.83%
7.38%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
381
392
414
441
1,612
2026
376
394
461
522
1,735
2027
518
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.7
0.65
0.9
0.47
2.7
2026
0.86
1.15
1.1
1.1
3.83
2027
1.33
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
0.8
2026
- -
- -
- -
- -
0.78
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Vipul Pravinchandra Shah
Full Time Employees
143
Sector
Process industries
Industry
Industrial specialties
Address
B 603-A, Kaledonia Building Mumbai MA India 400069
IPO Date
Apr 10, 1995
Website
vipulorganics.com
Similar Companies
Asian Paints Ltd. (NSE:ASIANPAINT)
Solar Industries India Limited (NSE:SOLARINDS)
Berger Paints India Limited (NSE:BERGEPAINT)
Fineotex Chemical Limited (NSE:FCL)
Graphite India Limited (NSE:GRAPHITE)
Srf Limited (NSE:SRF)
Business
Vipul Organics Limited manufactures and markets specialty chemicals, including pigments, pigment dispersions, naphthols, dyestuffs, pigment intermediates, fast bases, fast color salts, dyes intermediates, textile dyes, paper dyes, leather dyes, organic food colors, and lake colors; the company serves industries such as textiles, paints, printing inks, plastics, masterbatches, cosmetics, food, rubber, paper, agriculture, leather, packaging, beverages, and detergents. Founded in 1968 and headquartered in Mumbai, India, with manufacturing facilities across the western provinces near Mumbai including sites at Thane and Ambernath in Maharashtra, Vipul Organics operates six factories equipped with advanced production technologies such as glass-lined vessels, rotary vacuum dryers, spin flash dryers, and dyno mills, and exports to over 50 countries while maintaining a strong domestic sales network through agencies, direct sales, and distributors. The company, formerly known as Vipul Dye Chem until its rename in 2017 and listed on the Bombay Stock Exchange under ticker VIPULORG.BO since 1995, recently raised Rs 35.23 crore through a preferential allotment of equity shares in October 2025 to fund manufacturing expansions and new product ventures on a debt-free basis; it announced a rights issue not exceeding Rs 25 crore with a record date of March 10, 2025; commenced construction of a greenfield pigment facility in Sayakha, Gujarat, in June 2024 to boost annual pigment capacity fivefold from 2,000 to 10,000 tonnes expected online within 12 weeks from late 2025; received environmental clearance in February 2024 for expanding capacity at its Ambernath plant from 10 to 508 metric tons; developed a new organic intermediate in August 2024; diversified into membrane manufacturing technology leveraging expertise from Dr. Vatsal Shah to address import dependency; and continues strong export growth in organic intermediates into late 2025.