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Prices as of 8 Oct 2026 close · Not investment advice

Vinati Organics Limited

NSE: VINATIORGASpecialty Chemicals

Share price

₹1,120.80

-1.88% close of 8 Oct 2026

Market cap ₹11,208 CrP/E 25.0

Business score

How strong the business is, in one number. The parts behind it are in Pro.

71

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹11,208 Cr

P/E ratio

25.0

P/B ratio

3.7

ROCE

19.8%

ROE

14.9%

Dividend yield

0.8%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹1,721.7052-week low ₹1,120.80

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 5.1% over the past year, and 17.7% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales improved from 26.6% to 28.2% over the last four years.

Whether it grew faster than its sector

It grew 17.7% a year against a sector median of 10.2% — 7.5 percentage points faster.

Room to re-rate, or risk of de-rating

At 25.0× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 56.2×, across 5 companies. It is against its own five-year median of 45.5×, the 0th percentile of its own range.

Whether growth justifies the valuation

Priced at 12.5 times its growth rate, on earnings growth of 2%.

Profit growthPrice per ₹1 profitPer 1% growth
Vinati Organics Limited — this one2%/yr25.0×₹12.5
Pidilite Industries25%/yr56.2×₹2.2
Gujarat Fluorochemicals Limited-24%/yr79.0×—
Navin Fluorine International Limited21%/yr53.0×₹2.5
Aether Industries Limited20%/yr96.7×₹4.8
Deepak Nitrite Limited-13%/yr27.0×—

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Specialty Chemicals), it ranks 16 of 73 on returns, 14 of 72 on growth, 5 of 73 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A narrow advantage: it earns 19.8% on capital, ahead of 78% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹1990 crore of cash from the business, spent ₹1652 crore on plant and equipment, and returned ₹374 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 7 years, about 103 arrived as cash (before interest, which is why it can exceed the profit). Its cash comes back faster than it used to: it went from being waiting 137 days for its cash to waiting 130 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

8 of 9 checks clear · 89%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Revenue up 28% but profit up just 5%, with the margin at 24.5% against the 26-27% guided

Announced 29 Jul 2026 · Consolidated

Revenue

₹696 Cr

Revenue vs last year

+28.4%

Revenue vs last quarter

+15.2%

Net profit

₹109 Cr

Profit vs last year

+4.7%

Profit vs last quarter

-12.2%

Net margin

15.6%

EPS

₹10.50

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹11,208 Cr
Prev close
₹1,120.80
52w High
₹1,739
52w Low
₹1,117
Enterprise value
₹11,012 Cr
Beta
0.8
Price CAGR 1y
-33.0%
Price CAGR 3y
-14.0%
Price CAGR 5y
-12.0%
Price CAGR 10y
14.0%

Ratios

Return on assets
12.4%
PEG ratio
12.9
P/E ratio
25.0
P/B ratio
3.7
EV / EBITDA
16.6
Industry P/E
32.7
ROCE
19.8%
ROCE 5y average
22.8%
ROE
14.9%
Debt / Equity
0.0
Interest coverage
596.0
Dividend yield
0.8%
ROE 3y average
15.0%
ROE last year
15.0%

Annual P&L

Annual revenue
₹2,227 Cr
Annual profit
₹444 Cr
Operating margin
29.0%
Net profit margin
19.9%
EBITDA margin
29.4%
Sales growth 3y
2.5%
Sales growth 5y
18.5%
Profit growth 3y
2.0%
Profit growth 5y
11.0%
EPS
₹42.8
Sales growth TTM
5.0%
Profit growth TTM
5.0%
Dividend payout
20.0%

Quarter P&L

Sales latest quarter
₹696 Cr
Profit latest quarter
₹109 Cr
YoY quarterly sales growth
28.4%
YoY quarterly profit growth
4.8%
OPM latest quarter
24.5%

Balance Sheet

Book Value
₹316
Face Value
₹1.0
Total debt
₹0 Cr
Total cash
₹6 Cr
Borrowings
₹0 Cr
Reserves / Equity
315.1

Cash Flow

Operating cash flow
₹558 Cr
Free cash flow
₹288 Cr
FCF yield
2.6%
Net cash flow
₹3 Cr

Shareholding

Promoter holding
74.3%
FII holding
3.6%
DII holding
9.2%
Public holding
12.9%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Pidilite Inds.1,475.2556.71,50,2600.77883.528.24,551.621.331.0
Gujarat Fluoroch4,454.7079.248,9350.07219.021.41,588.024.09.6
Navin Fluo.Intl.8,422.5054.343,2200.18243.3107.71,045.144.121.0
Aether Industri.1,750.0096.823,2270.0062.828.0326.627.311.9
Deepak Nitrite1,585.9527.321,6310.46345.0207.52,577.636.411.4
Atul5,958.0022.117,5410.50253.992.01,848.025.014.9
Aarti Industries480.6033.417,4330.20155.0256.52,387.042.56.9
Vinati Organics1,123.0525.911,6420.77108.94.5695.928.419.8
Median351.7728.11,0450.2313.551.6174.426.013.7

Competes with: Aarti Industries Limited, Aether Industries Limited, Atul Limited, BASF India Limited, Deepak Nitrite Limited, Gujarat Fluorochemicals Limited, Navin Fluorine International Limited, Pidilite Industries

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales439463448550525553522648542550531604696
Expenses338358333400400420379468382383374434525
Material Cost308281257258259381
Change in Inventories33-23-14-2327-4.67
Purchases of Stock-in-Trade000.51000
Employee Cost384245454350
Other Expenses8982959410499
Operating Profit100105115150124134142180160167157170170
OPM %23232627242427282930302825
Other Income1011910922767169209
Exceptional items (within Other Income)000000
Interest1111000000000
Depreciation17171920212222232626293032
Profit before tax9297103139112134127164141157136160148
Tax %25252525252226252627262326
Net Profit6972771048410494123104115101124109
EPS in Rs6.757.057.49108.12109.041210119.731211
Diluted EPS in Rs1210119.731211

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,0299541,6162,0661,9002,2482,2272,381
Expenses6146011,1801,4931,4291,6661,5721,716
Material Cost1,1821,066
Change in Inventories14-32
Purchases of Stock-in-Trade00.51
Employee Cost140175
Other Expenses332363
Operating Profit415353435573471582655665
OPM %4037272825262928
Other Income4526615239445354
Exceptional items (within Other Income)00
Interest21235210
Depreciation334345597389111118
Profit before tax425335449563432536595601
Tax %21202326252425
Net Profit334269347419323405444448
EPS in Rs3226344131394343
Diluted EPS in Rs3943
Dividend Payout %17231917221920

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
—
5 years
18%
3 years
3%
TTM
5%

Compounded profit growth

10 years
—
5 years
11%
3 years
2%
TTM
5%

Stock price CAGR

10 years
14%
5 years
-12%
3 years
-14%
1 year
-33%

Return on equity

10 years
—
5 years
17%
3 years
15%
Last year
15%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital10101010101010
Reserves1,2691,5331,8182,2032,4512,7833,151
Borrowings0218355630
Other Liabilities163188243335374423417
Minority Interest00
Total Liabilities1,4431,7342,0902,5842,8403,2793,579
Fixed Assets7517578731,1591,4891,7242,122
CWIP315651242249438214
Investments227289942276436190
Other Assets4346321,0719551,0381,0811,053
Total Assets1,4431,7342,0902,5842,8403,2813,590

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity416219127515332458558
Cash from Investing Activity-197-198-255-329-348-443-414
Cash from Financing Activity-109-3-47-62-108-16-141
Net Cash Flow10918-175124-12503
Free Cash Flow279136-47200-65-39289

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days72106104821029685
Inventory Days7911575797268110
Days Payable47634641364543
Cash Conversion Cycle104158132120137118152
Working Capital Days97138137109141115130
ROCE %242728192020

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters747474747474747474747474
FIIs4.644.714.935.335.485.313.833.863.773.773.723.65
DIIs8.187.557.306.747.277.619.219.259.559.849.919.20
Public131413141313131312121213
No. of Shareholders93,9891,07,0221,06,8941,00,36393,50889,44187,93385,96085,00581,87478,60283,430

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -33.6% (₹1,689.00 → ₹1,120.80)Brick size ₹35.57 (fixed)Bricks 25
₹1,200₹1,400₹1,600₹1,121Nov '25Apr '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹1,120.80 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

-196inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

1,63,59,912inr

2026-03-31

News

News and filings about Vinati Organics Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • Acrylonitrile
  • Coal
  • Isobutylene / MTBE
  • Propylene
  • Toluene
  • Water

Depends on the price of

  • coal
  • propylene

Sells to

  • Akzo Nobel · ATBS / specialty chemicals
  • BASF · isobutyl benzene (IBB) — key feedstock for ibuprofen (BASF American unit is a major IBB bu…
  • Clariant · specialty chemicals
  • Dow Chemical · ATBS / specialty monomers
  • Mitsubishi Corporation · specialty chemicals / trading
  • Perrigo · IBB / ibuprofen intermediate (pharma)
  • SNF Floerger · ATBS monomer (for polyacrylamides / oilfield & water-treatment polymers)

Buys from

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Chemicals
Industry
Specialty Chemicals
Classification
Chemicals › Specialty Chemicals
ISIN
INE410B01037

Plants

  • Lote Plant · Lote Parashuram / Khed, Maharashtra
  • Mahad Plant · Mahad, Maharashtra

News impact

Big market events that reach Vinati Organics Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

16 Sep 2026unspecified₹8.5
19 Sep 2025unspecified₹7.5
3 Sep 2024unspecified₹7
1 Sep 2023unspecified₹7
6 Sep 2022unspecified₹6.5
24 Jun 2021unspecified₹6
17 Sep 2020unspecified₹0.5
12 Mar 2020interim₹5

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.