MarketFriction

Valiant Organics Ltd

NSE VALIANTORG · BSE 540145 · Specialty Chemicals
₹477.15 +4.85%
NSE close2026-10-01
52 week range195.00 - 467.00
Market cap₹1,134 Cr.
P/E22.4
ASM short-term Price band 20% Delivery 33.2%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales203141177168160187204204157159218232
Expenses188139179152159172183180136146191190
Operating Profit153-216115212521132642
OPM %8%1.8%-1.2%9%0.5%8%10%12%13%8%12%18%
Other Income40-70361207511
Interest447586564535
Depreciation9999999910101010
Profit before tax6-10-252-146711761837
Tax %26%-20%-20%128%-9%14%43%26%24%38%10%20%
Net Profit5-8-20-1-12548641629
EPS in Rs1.58-2.86-7.32-0.22-4.631.981.502.932.021.305.6110.36
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales6926757551,1531,052723719739766
Expenses511494549948888686665652663
Operating Profit181181205205164375387102
OPM %26%27%27%18%16%5%7%12%13%
Other Income866713691323
Interest43561116241817
Depreciation141621302935364040
Profit before tax171168185176137-924268
Tax %29%25%29%27%25%-3%260%21%
Net Profit121126131128103-8-33354
EPS in Rs103.6551.0042.1941.7232.45-3.04-1.3411.8619.29
Dividend Payout %6%11%12%8%3%-0%-0%-0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%0%-11%1%
Compounded Profit Growth%-26%-33%895%
Stock Price CAGR%-22%-5%24%
Return on Equity%6%1%4%
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital612272727282828
Reserves254374475586662702697731
Borrowings77140209364274257249256
Other Liabilities112143165216276262209217
Total Liabilities4486698761,1921,2391,2481,1831,232
Fixed Assets150276510543670643657695
CWIP661294611271866621
Investments122368419994151
Other Assets221241314529457420367365
Total Assets4486698761,1921,2391,2481,1831,232
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity76161113-31238845692
Cash from Investing Activity-86-184-156-124-143-65-21-86
Cash from Financing Activity12749167-112-23-32-11
Net Cash Flow-95512-17-44-5
Free Cash Flow-13-44-58-153108192759
CFO/OP68%112%78%6%162%238%106%103%
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days7572761028810690120
Inventory Days4442635468887177
Days Payable6982936389159119102
Cash Conversion Cycle5032459367344296
Working Capital Days4620-12111-3-100
ROCE %39%30%21%14%1%3%5%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters37.90%37.90%37.77%37.77%37.77%37.73%37.91%37.91%37.91%37.89%37.89%37.87%
FIIs0.19%0.69%1.14%1.35%1.34%0.82%0.37%0.21%0.21%0.22%0.28%0.21%
DIIs0.92%0.87%0.43%0.09%0.08%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public60.99%60.54%60.65%60.79%60.80%61.44%61.72%61.87%61.86%61.89%61.82%61.93%
No. of Shareholders48,59849,05050,46050,02248,18949,01748,07744,29343,27442,31140,92840,526

Fundamentals

Market Cap₹ 1,134 Cr.
Current Price₹ 405
Stock P/E22.4
Book Value₹ 271
ROCE5.47 %
ROE3.50 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)1%
Compounded Profit Growth (TTM)895%
Consolidated figures.
Valuation
Market capRs 1,316 Cr
Enterprise valueRs 1,569 Cr
P/E (TTM)24.33x
Price to book1.80x
Price to sales1.72x
EV / EBITDA12.53x
EV / EBIT18.49x
EV / sales2.05x
Price to cash flow15.66x
Earnings yield4.11%
P/E, 3-year average17.46x
P/B, 3-year average2.39x
P/E, 5-year average17.67x
P/B, 5-year average3.16x
Profitability
Operating margin (excl. other income)5.07%
Operating margin (incl. other income)5.89%
EBITDA margin16.35%
Pre-tax margin8.83%
Net profit margin7.06%
Net margin, latest quarter12.55%
ROE-1.18%
ROCE0.79%
ROA-0.67%
ROE, 3-year average10.89%
ROCE, 3-year average12.56%
ROA, 3-year average5.84%
ROE, 5-year average19.38%
ROCE, 5-year average21.62%
ROA, 5-year average10.91%
ROIC (approx.)8.35%
Tax rate3.34%
Other income / net worth0.81%
Growth
Sales growth (latest year)-31.25%
Profit growth (latest year)-109.52%
Sales CAGR, 3 years-1.42%
Sales CAGR, 5 years0.88%
Sales growth QoQ6.32%
Profit growth QoQ84.80%
Sales growth YoY (latest quarter)13.27%
Profit growth YoY (latest quarter)254.27%
Per share
EPS (TTM)Rs 19.62
EPS (latest year)Rs -3.04
EPS (latest quarter)Rs 10.53
EPS, 3-year averageRs 23.71
EPS, 5-year averageRs 43.06
Book value per shareRs 264.48
Sales per shareRs 277.75
Cash flow per shareRs 30.46
Free cash flow per shareRs 21.40
Dividend per share, 3-year averageRs 2.25
Dividend per share, 5-year averageRs 5.12
Dividends
Dividend payout, 3-year average5.74%
Dividend payout, 5-year average8.53%
Efficiency
Asset turnover0.58x
Fixed asset turnover1.12x
Inventory turnover5.31x
Inventory days69 days
Debtor days106 days
Debtors turnover3.45x
Creditor days102 days
Cash conversion cycle96 days
Working capital days0 days
Leverage
Total debtRs 257 Cr
Cash and bankRs 4 Cr
Net debtRs 253 Cr
Debt to equity0.35x
Net debt / EBITDA2.02x
Interest coverage4.92x
Current ratio (filing 2026-03-31)1.01x
Quick ratio (filing 2026-03-31)0.74x
Trade payables (filing 2026-03-31)Rs 122 Cr
Owners' fund to total sources58.44%
Debt to assets20.60%
Cash flow
Cash from Operating Activity (latest year)Rs 84 Cr
Cash from Investing Activity (latest year)Rs -65 Cr
Cash from Financing Activity (latest year)Rs -23 Cr
Net Cash Flow (latest year)Rs -4 Cr
Free cash flow (latest year)Rs 59 Cr
FCFE (approx.: FCF + change in debt)Rs 42 Cr
Cash from ops / profit, 5 years1.74x
Sales to cash flow8.61x
Statement figures
Net sales (TTM)Rs 766 Cr
Net sales (latest year)Rs 723 Cr
Sales (latest quarter)Rs 232 Cr
Operating profit excl. other income (latest year)Rs 37 Cr
Operating profit (latest quarter)Rs 42 Cr
Other income (TTM)Rs 23 Cr
EBITDA (TTM)Rs 125 Cr
PBDT (TTM)Rs 108 Cr
Profit before tax (TTM)Rs 68 Cr
Tax (latest year)Rs -0 Cr
Net profit (TTM)Rs 54 Cr
Net profit (latest year)Rs -8 Cr
Net profit (latest quarter)Rs 29 Cr
Depreciation (TTM)Rs 40 Cr
Depreciation (latest quarter)Rs 10 Cr
Interest (TTM)Rs 17 Cr
Cost of goods sold (latest year)Rs 607 Cr
Total expenditure (latest year)Rs 686 Cr
Total income (latest year)Rs 729 Cr
Share capitalRs 28 Cr
ReservesRs 702 Cr
Shareholders' fundsRs 729 Cr
Total assetsRs 1,248 Cr
Net blockRs 643 Cr
Capital work in progressRs 86 Cr
InvestmentsRs 99 Cr
ReceivablesRs 209 Cr
InventoryRs 114 Cr
Other liabilitiesRs 262 Cr
Shares outstanding (crore)2.76
Ownership
Promoter holding37.87% (-0.04 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 24.3 is at the 71th percentile of its own 4.9-year range (median 14.8, low 6.9, high 181.9).
P/B 1.80 is at the 35th percentile (median 2.34).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodVALIANTORGNifty 50Difference
1 week+16.0%-2.8% +18.8 pts
1 month+66.4%-6.8% +73.2 pts
3 months+71.5%-7.6% +79.1 pts
6 months+136.1%+0.4% +135.7 pts
1 year+39.1%-9.9% +49.0 pts
2 years+11.5%-13.6% +25.1 pts
3 years+1.0%+14.2% -13.2 pts
5 years-65.3%+27.9% -93.2 pts

Red flags

F-score 3 of 8
lookOn NSE surveillance On NSE surveillance: ASM short-term
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹232 Cr +13.7% vs Jun 2025. Net profit ₹29 Cr +262.5%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2023-02-10Interim Dividend - Re 1 Per Share
2022-09-20Dividend - Rs 3.50 Per Share
2020-12-24 Bonus 1:10.5000
2020-11-24 Interim Dividend - Rs 5 Per Share
DateTypeWhat it says
2026-10-01UpdatesReceipt of Rectification Order under the Income Tax Act, 1961.
2026-09-30Director changeChange in Director(s) of the company.
2026-09-30Shareholder meetingVoting results.
2026-09-29Investor PresentationInvestor Presentation
2026-09-29Shareholder meetingProceedings of Annual General Meeting held on September 29, 2026
2026-09-05UpdatesBusiness Responsibility and Sustainability Reporting for the year ended March 31, 2026.
2026-09-05Shareholder meetingNotice of Annual General Meeting to be held on September 29, 2026
2026-08-21Investor PresentationInvestor Presentation
2026-08-14General UpdatesThe copy of newspaper publication for the unaudited financial results for the quarter ended June 30, 2026 and Notice to shareholders for the intimatio...
2026-08-12ESOPGrant of Stock Options under existing ESOP Scheme.
2026-08-12Address ChangeIntimation of New Corporate Office of the Company
2026-08-12Address ChangeChange in Registered Office of the company, subject to approval of the shareholders in the ensuing AGM
2026-08-12Director changeChange in Director(s) of the company.
2026-08-12Board meeting outcomeValiant Organics Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026 and other matters
2026-08-07General UpdatesThe prior intimation of Board meeting scheduled to be held on August 12, 2026 to consider and approve the unaudited Financial Results for the quarter ...
2026-08-06Credit RatingCredit Rating
2026-06-22ESOPAllotment of 15000 equity shares pursuant to exercise of stock options
2026-06-19Disclosure under SEBI TakeovVicky Hemchand Gala has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substanti...
2026-06-18UpdatesUpdate on Postal Ballot event.
2026-06-18Board meeting outcomeOutcome of Board Meeting held on Jun 18, 2026 - Update on Postal Ballot event
2026-05-27Investor PresentationInvestor Presentation
2026-05-22Shareholder meetingNotice of Postal Ballot
2026-05-22CorrigendumCorrigendum to the Outcome of the Board Meeting held on May 19, 2026
2026-05-19Board meeting outcomeOutcome of Board Meeting held on May 19, 2026, wherein the proposal w.r.t. cessation of a Company as a Partner from Subsidiary, proposed material RPT ...
2026-05-16ESOP grantGrant Of Stock Options Under Valiant Employee Stock Option Plan 2022
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Short Term Additional Surveillance Measure (Short Term ASM): stage 1
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03