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Vipul Organics Limited

Vipul Organics Limited

VIPULORG.BO
Vipul Organics LimitedIN flagBombay Stock Exchange
246.70
INR
-3.30
- -
4.70BMarket Cap
Vipul Organics Limited
VIPULORG.BO
(Bombay Stock Exchange)

Recent

price

246.70

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
46.45
34.24
40.35
52.06
61.67
59.52
65.38
74.01
73
74.77
65.88
87.22
83.22
92.86
99.12
- -
107.41
Revenue per Share
1.35
0.6
0.53
0.7
0.85
1.07
1.9
2.15
2.94
3.99
3.88
4.63
1.18
2.09
2.7
- -
4.23
Basic EPS, GAAP
-1.54
-1.35
-1.3
1.62
0.98
4.89
-4.79
-8.06
12.43
2.21
-2.01
-7.33
4.41
-1.33
-9.29
- -
- -
Free Cash Flow per Basic Share
0.57
0.51
0.5
0.51
0.52
0.51
0.67
0.56
0.61
0.61
0.45
0.58
0.74
0.72
0.8
- -
- -
Dividend per Share
11.17
9.34
9.26
9.4
9.57
10.93
12.96
13.56
14.08
17.3
15.45
22.66
23.52
24.9
26.34
- -
11.67
Book Value per Share
17.47
14.63
14.43
14.52
14.67
16.05
22.57
24.04
23.15
26.75
22.74
34.58
33.15
36.27
38.74
- -
71.6
Tangible Book Value per Share
7
8
9
9
9
9
9
10
12
12
18
15
16
16
16
- -
16
Basic Weighted Avg Shares
331
289
343
443
525
506
556
770
876
897
1,164
1,314
1,325
1,486
1,628
1,754
1,754
Sales/Revenue/Turnover
5.12
3.81
3.16
3
3.09
3.84
4.57
3.84
7.12
8.02
9.19
7.27
4.51
4.07
5.33
6.18
6.19
Operating Margin (%)
2
3
4
5
7
9
8
7
6
20
58
52
63
56
59
64
64
Depreciation Expense
10
5
5
6
7
9
16
22
35
48
69
70
19
33
44
69
69
Net Income, GAAP
30.46
32.95
30.68
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
27.48
Effective Tax Rate (%)
2.91
1.74
1.31
1.35
1.38
1.8
2.91
2.91
4.03
5.33
5.89
5.3
1.41
2.25
2.72
3.94
3.94
Profit Margin (%)
86
37
25
20
12
22
56
72
70
33
173
192
221
196
188
473
473
Working Capital
2
2
3
2
5
2
4
17
74
71
102
73
89
43
97
159
159
LT Debt
124
124
123
124
125
136
192
252
280
323
403
522
529
581
637
1,170
1,170
Total Equity
6.95
3.97
3.74
4.18
4.94
6.12
6.81
5.18
9.25
9.31
12.21
8.8
4.8
4.93
5.91
5.53
5.55
Return on Invested Capital (%)
9.4
3.83
3.39
5.72
6.69
7.58
10.69
10.41
12.17
13.59
15.85
13.62
5.31
7.18
7.81
10.53
10.54
Return on Capital (%)
13.19
6.36
5.72
7.53
8.98
10.46
15.94
17.84
22.76
25.4
28.51
22.68
5.23
8.64
10.67
22.17
22.18
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
371
- -
370
LT Borrowings
226
- -
159
LT Finance Leases
4
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
18
- -
19
Market Capitalization
3,237
3,669
2,603

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
1,240
- -
1,449
Cash, Cash Equivalents & STI
165
- -
304
Accounts Receivable, Net
484
- -
544
Inventories
439
- -
456
Total Current Liabilities
858
- -
975
Payables & Accruals
- -
- -
- -
ST Debt
371
- -
370
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

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
34.78%
19.11%
55.82%
Sales/Revenue/Turnover
13.74%
8.63%
7.74%
Total Cash Common Dividend
13.26%
12.83%
7.38%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
361
365
374
385
1,486
2025
381
392
414
441
1,628
2026
376
394
461
522
1,754

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.32
0.62
0.5
- -
2.09
2025
0.7
0.65
0.9
0.47
2.7
2026
0.86
1.15
1.1
1.1
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.72
2025
- -
- -
- -
- -
0.8
2026
- -
- -
- -
- -
- -
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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.