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Vinati Organics Overview

Vinati Organics Ltd is an India-based agency, that is engaged in production of speciality chemical and organic intermediaries. The Company produces Acrylamido 2Methylpropane Sulfonic Acid (ATBS) and Isobutyl Benzene (IBB). The Company's distinctiveness aromatics consist of regular butylbenzene (NBB), secondary butyl benzene (SBB), Tertiary amyl benzene (TAB), (3-PP), Hexene, C 10 Aromatic Solvent, 3-Phenylpentane, (1-ethylpropyl) benzene. Its distinctiveness monomers include sodium salt of 2-acrylamido-2-methylpropane sulphonic acid (NAATBS), 2...Read More

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Vinati Organics Key Financials

Market Cap ₹13388 Cr.

Stock P/E 33

P/B 4.4

Current Price ₹1291.5

Book Value ₹ 292.8

Face Value 1

52W High ₹2039.7

Dividend Yield 0.58%

52W Low ₹ 1204

Vinati Organics Share Price

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Volume
Price

Vinati Organics Quarterly Price

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Vinati Organics Peer Comparison

Vinati Organics Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 463 448 550 525 553 522 648 542 550 531
Other Income 11 9 10 9 22 7 6 7 16 9
Total Income 474 457 560 534 576 528 655 549 566 540
Total Expenditure 358 333 400 400 420 379 468 382 383 374
Operating Profit 115 123 160 134 156 149 187 167 183 165
Interest 1 1 1 0 0 0 0 0 0 0
Depreciation 17 19 20 21 22 22 23 26 26 29
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 97 103 139 112 134 127 164 141 157 136
Provision for Tax 25 26 35 28 29 33 41 37 42 35
Profit After Tax 72 77 104 84 104 94 123 104 115 101
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 72 77 104 84 104 94 123 104 115 101
Adjusted Earnings Per Share 7 7.4 10 8.1 10.1 9 11.9 10 11.1 9.7

Vinati Organics Profit & Loss

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 1029 954 1616 2066 1900 2248 2271
Other Income 45 26 61 52 39 44 38
Total Income 1074 980 1676 2119 1939 2292 2310
Total Expenditure 614 601 1180 1493 1429 1666 1607
Operating Profit 460 379 496 625 510 627 702
Interest 2 1 2 3 5 2 0
Depreciation 33 43 45 59 73 89 104
Exceptional Income / Expenses 0 0 0 0 0 0 0
Profit Before Tax 425 335 449 563 432 536 598
Provision for Tax 91 66 103 144 109 131 155
Profit After Tax 334 269 347 419 323 405 443
Adjustments 0 0 0 0 0 0 0
Profit After Adjustments 334 269 347 419 323 405 443
Adjusted Earnings Per Share 32.5 26.2 33.7 40.8 31.1 39.1 42.7

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 18% 12% 17% 0%
Operating Profit CAGR 23% 8% 6% 0%
PAT CAGR 25% 5% 4% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -20% -13% -5% 20%
ROE Average 15% 17% 18% 20%
ROCE Average 20% 22% 23% 25%

Vinati Organics Balance Sheet

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 1279 1543 1828 2213 2462 2793
Minority's Interest 0 0 0 0 0 0
Borrowings 0 0 0 10 0 0
Other Non-Current Liabilities 75 83 94 117 160 173
Total Current Liabilities 89 108 167 243 218 313
Total Liabilities 1443 1734 2090 2584 2840 3279
Fixed Assets 751 757 873 1159 1489 1724
Other Non-Current Assets 50 322 441 359 361 517
Total Current Assets 643 655 776 1066 990 1038
Total Assets 1443 1734 2090 2584 2840 3279

Vinati Organics Cash Flow

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 49 159 176 1 125 0
Cash Flow from Operating Activities 416 219 127 515 332 458
Cash Flow from Investing Activities -197 -198 -255 -329 -348 -443
Cash Flow from Financing Activities -109 -3 -47 -62 -108 -16
Net Cash Inflow / Outflow 109 18 -175 124 -125 0
Closing Cash & Cash Equivalent 159 176 1 125 0 0

Vinati Organics Ratios

# Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 32.48 26.2 33.72 40.78 31.15 39.08
CEPS(Rs) 35.71 30.38 38.15 46.52 38.18 47.62
DPS(Rs) 5.5 6 6.5 7 7 7.5
Book NAV/Share(Rs) 124.48 150.16 177.85 199.7 237.38 269.36
Core EBITDA Margin(%) 40.32 37.02 26.96 27.65 24.79 25.9
EBIT Margin(%) 41.47 35.23 27.91 27.33 23 23.93
Pre Tax Margin(%) 41.28 35.13 27.81 27.17 22.74 23.85
PAT Margin (%) 32.45 28.22 21.46 20.22 17 18.03
Cash Profit Margin (%) 35.67 32.72 24.27 23.07 20.84 21.96
ROA(%) 23.13 16.96 18.13 17.94 11.91 13.25
ROE(%) 26.09 19.08 20.56 21.6 14.31 15.42
ROCE(%) 33.34 23.8 26.59 27.67 18.54 20.22
Receivable days 71.58 91.6 83.09 81.2 95.43 91.07
Inventory Days 33.05 41.14 33.68 36.03 41.45 34.07
Payable days 47.39 55.71 35.81 37.53 38.9 33.18
PER(x) 23.69 53.43 57.89 44.34 47.23 40.43
Price/Book(x) 6.18 9.32 10.98 9.06 6.2 5.87
Dividend Yield(%) 0.71 0.43 0.33 0.39 0.48 0.47
EV/Net Sales(x) 7.63 15.07 12.43 9.01 8.02 7.31
EV/Core EBITDA(x) 17.08 37.94 40.45 29.75 29.9 26.24
Net Sales Growth(%) 0 -7.25 69.3 27.9 -8.05 18.33
EBIT Growth(%) 0 -21.21 34.12 25.62 -22.86 23.16
PAT Growth(%) 0 -19.32 28.7 20.93 -22.95 25.47
EPS Growth(%) 0 -19.32 28.7 20.93 -23.63 25.47
Debt/Equity(x) 0 0 0.01 0.02 0 0.02
Current Ratio(x) 7.22 6.08 4.64 4.38 4.53 3.31
Quick Ratio(x) 6.17 4.95 3.59 3.42 3.62 2.61
Interest Cover(x) 209.58 354.55 272.91 173.95 88.27 281.72
Total Debt/Mcap(x) 0 0 0 0 0 0

Vinati Organics Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 74.06 74.28 74.28 74.28 74.28 74.28 74.28 74.28 74.28 74.28
FII 4.71 4.94 5.33 5.47 5.31 3.83 3.86 3.78 3.77 3.72
DII 7.55 7.31 6.74 7.27 7.6 9.2 9.24 9.54 9.83 9.9
Public 13.68 13.47 13.65 12.98 12.81 12.68 12.62 12.4 12.12 12.1
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Vinati Organics News

Vinati Organics Pros & Cons

Pros

  • Debtor days have improved from 38.9 to 33.18days.
  • Company is almost debt free.

Cons

  • Stock is trading at 4.4 times its book value.
  • The company has delivered a poor profit growth of 3% over past five years.
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