MarketFriction

Vinati Organics Ltd

NSE VINATIORGA · BSE 524200 · Specialty Chemicals
₹1,208.10 +3.41%
NSE close2026-10-01
52 week range1,165.00 - 1,791.10
Market cap₹12,173 Cr.
P/E24.4
Price band 20% Delivery 51.8%

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

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales463448550525553522648542546529611698
Expenses358333400400419379465376368368427516
Operating Profit105115150125134143184166179161183181
OPM %23%26%27%24%24%27%28%31%33%30%30%26%
Other Income11910922767169209
Interest111000000000
Depreciation171919202120202122242525
Profit before tax97103140114136129169151173145179165
Tax %25%25%25%25%22%26%25%26%25%25%23%25%
Net Profit72771048610696128113129108138124
EPS in Rs7.057.4910.088.3010.249.2212.3110.8812.4510.4613.2611.92
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales6316417301,1281,0299541,6162,0661,9002,2482,2282,384
Expenses4244235317036146011,1801,4931,4291,6621,5391,680
Operating Profit207218198425415353435573471587689704
OPM %33%34%27%38%40%37%27%28%25%26%31%30%
Other Income61231304526615239445354
Interest832221235210
Depreciation192223273343455973819296
Profit before tax187206203425425335449563432548649662
Tax %29%32%29%34%21%20%23%26%25%24%25%
Net Profit132140144282334269347419323415488499
EPS in Rs12.7513.5914.0027.4832.4826.2033.7340.7831.1940.0547.0548.09
Dividend Payout %16%2%16%13%17%23%19%17%22%19%18%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth13%18%3%5%
Compounded Profit Growth14%13%5%13%
Stock Price CAGR14%-9%-14%-32%
Return on Equity19%17%15%16%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital101010101010101010101010
Reserves4245306707861,0411,2691,5331,8512,2032,4542,7963,206
Borrowings654221540228355630
Other Liabilities100104139168173163188260335358394405
Total Liabilities5996878219801,2281,4431,7342,1502,5842,8273,2633,621
Fixed Assets3273824684574757517578741,1591,3301,3821,612
CWIP20257351913155306229246298126
Investments33621329622728998256237523937
Other Assets2492782843564654346338729401,0141,059946
Total Assets5996878219801,2281,4431,7342,1502,5842,8273,2633,621
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity113167130138200416219127516338494628
Cash from Investing Activity-53-72-27-39-243-197-198-256-333-353-480-485
Cash from Financing Activity-75-50-45-30-40-109-3-46-61-106-15-141
Net Cash Flow-16455970-8310918-175121-122-02
Free Cash Flow56913292-6279137-40216109308491
CFO/OP86%103%84%95%77%124%79%54%113%90%100%111%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days616680897972106102821029687
Inventory Days4455797964791158579726699
Days Payable172840613747625241364340
Cash Conversion Cycle8794119107106104158136120137119146
Working Capital Days586011811311197138144109140107115
ROCE %38%36%33%28%46%37%24%26%27%19%21%21%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters74.06%74.06%74.29%74.29%74.29%74.29%74.29%74.29%74.29%74.29%74.29%74.29%
FIIs4.64%4.71%4.93%5.33%5.48%5.31%3.83%3.86%3.77%3.77%3.72%3.65%
DIIs8.18%7.55%7.30%6.74%7.27%7.61%9.21%9.25%9.55%9.84%9.91%9.20%
Public13.12%13.69%13.46%13.64%12.96%12.81%12.68%12.60%12.39%12.11%12.10%12.86%
No. of Shareholders93,9891,07,0221,06,8941,00,36393,50889,44187,93385,96085,00581,87478,60283,430

Fundamentals

Market Cap₹ 12,173 Cr.
Current Price₹ 1,174
Stock P/E24.4
Book Value₹ 310
ROCE21.4 %
ROE16.2 %
Dividend Yield0.72 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)5%
Compounded Profit Growth (TTM)13%
Standalone figures.
Valuation
Market capRs 12,524 Cr
Enterprise valueRs 12,519 Cr
P/E (TTM)25.12x
Price to book3.89x
Price to sales5.25x
EV / EBITDA16.49x
EV / EBIT18.87x
EV / sales5.25x
Price to cash flow19.93x
Earnings yield3.98%
Dividend yield0.70%
P/E, 3-year average38.25x
P/B, 3-year average5.43x
P/E, 5-year average43.40x
P/B, 5-year average7.09x
Profitability
Operating margin (excl. other income)30.94%
Operating margin (incl. other income)33.30%
EBITDA margin31.85%
Pre-tax margin27.77%
Net profit margin20.92%
Net margin, latest quarter17.71%
ROE16.20%
ROCE21.36%
ROA14.17%
ROE, 3-year average15.26%
ROCE, 3-year average20.17%
ROA, 3-year average13.25%
ROE, 5-year average17.34%
ROCE, 5-year average22.83%
ROA, 5-year average15.06%
ROIC (approx.)15.53%
Tax rate24.79%
Other income / net worth1.63%
Growth
Sales growth (latest year)-0.88%
Profit growth (latest year)17.47%
Sales CAGR, 3 years2.55%
Sales CAGR, 5 years18.48%
Profit CAGR, 3 years5.18%
Profit CAGR, 5 years12.61%
Sales growth QoQ14.28%
Profit growth QoQ-10.14%
Sales growth YoY (latest quarter)28.67%
Profit growth YoY (latest quarter)9.56%
Per share
EPS (TTM)Rs 48.09
EPS (latest year)Rs 47.05
EPS (latest quarter)Rs 11.92
EPS, 3-year averageRs 39.43
EPS, 5-year averageRs 38.56
Book value per shareRs 310.29
Sales per shareRs 229.94
Cash flow per shareRs 60.62
Free cash flow per shareRs 47.36
Dividend per share (latest year)Rs 8.50
Dividend per share, 3-year averageRs 7.67
Dividend per share, 5-year averageRs 7.30
Dividends
Dividend payout18.07%
Dividend payout, 3-year average19.75%
Dividend payout, 5-year average19.14%
Efficiency
Asset turnover0.62x
Fixed asset turnover1.38x
Inventory turnover4.54x
Inventory days80 days
Debtor days87 days
Debtors turnover4.19x
Creditor days40 days
Cash conversion cycle146 days
Working capital days115 days
Leverage
Cash and bankRs 5 Cr
Net debtRs -5 Cr
Net debt / EBITDA-0.01x
Interest coverage487.74x
Current ratio (filing 2026-03-31)5.25x
Quick ratio (filing 2026-03-31)3.91x
Trade payables (filing 2026-03-31)Rs 115 Cr
Owners' fund to total sources88.82%
Cash flow
Cash from Operating Activity (latest year)Rs 628 Cr
Cash from Investing Activity (latest year)Rs -485 Cr
Cash from Financing Activity (latest year)Rs -141 Cr
Net Cash Flow (latest year)Rs 2 Cr
Free cash flow (latest year)Rs 491 Cr
Cash from ops / profit, 5 years1.06x
Sales to cash flow3.55x
Statement figures
Net sales (TTM)Rs 2,384 Cr
Net sales (latest year)Rs 2,228 Cr
Sales (latest quarter)Rs 698 Cr
Operating profit excl. other income (latest year)Rs 689 Cr
Operating profit (latest quarter)Rs 181 Cr
Other income (TTM)Rs 54 Cr
EBITDA (TTM)Rs 759 Cr
PBDT (TTM)Rs 758 Cr
Profit before tax (TTM)Rs 662 Cr
Tax (latest year)Rs 161 Cr
Net profit (TTM)Rs 499 Cr
Net profit (latest year)Rs 488 Cr
Net profit (latest quarter)Rs 124 Cr
Depreciation (TTM)Rs 96 Cr
Depreciation (latest quarter)Rs 25 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 1,281 Cr
Total expenditure (latest year)Rs 1,539 Cr
Total income (latest year)Rs 2,281 Cr
Share capitalRs 10 Cr
ReservesRs 3,206 Cr
Shareholders' fundsRs 3,217 Cr
Total assetsRs 3,621 Cr
Net blockRs 1,612 Cr
Capital work in progressRs 126 Cr
InvestmentsRs 937 Cr
ReceivablesRs 532 Cr
InventoryRs 282 Cr
Other liabilitiesRs 405 Cr
Shares outstanding (crore)10.37
Ownership
Promoter holding74.29% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 25.1 is at the 1th percentile of its own 9.4-year range (median 42.9, low 24.3, high 80.8).
P/B 3.89 is at the 1th percentile (median 8.65).
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.
PeriodVINATIORGANifty 50Difference
1 week+1.1%-2.8% +3.9 pts
1 month-8.2%-6.8% -1.4 pts
3 months-8.7%-7.6% -1.1 pts
6 months-8.8%+0.4% -9.2 pts
1 year-30.0%-9.9% -20.1 pts
2 years-37.6%-13.6% -24.0 pts
3 years-34.6%+14.2% -48.7 pts
5 years-37.1%+27.9% -65.0 pts
37 mutual fund schemes hold about ₹1,155 Cr. Over three months 18 bought more and 8 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Aditya Birla SL Flexi Cap Fund0.66%193 +0%
Canara Rob Large and Mid Cap Fund0.58%152 +4%
ICICI Pru Multi Asset Allocation Fund0.16%142 +6%
Aditya Birla SL ELSS Tax Saver Fund0.71%103 +8%
Canara Rob Flexi Cap Fund0.70%96 +6%
Nippon India Small Cap Fund0.08%69 +100%
Aditya Birla SL Multi-Cap Fund0.91%68 +0%
Canara Rob ELSS-Tax Saver Fund0.75%65 +8%
Canara Rob Aggressive Hybrid Fund(M0.57%64 +7%
HSBC Small Cap Fund0.20%39 -18%
Canara Rob Multi Cap Fund0.47%27 +1%
HSBC ELSS Tax saver Fund0.47%20 -33%
Bandhan Flexi Cap Fund0.23%17 +43%
Tata Multicap Fund0.46%16 +5%
LIC MF Manufacturing Fund1.48%12 +23%
LIC MF Small Cap Fund1.18%10 -3%
Aditya Birla SL Pharma & Healthcare Fund0.77%8 -0%
Bandhan Multi Asset Allocation Fund0.20%7 +2%
Canara Rob Balanced Advantage Fund0.65%7 +14%
HSBC Balanced Advantage Fund0.44%7 +9%
Aditya Birla SL Retirement Fund-301.18%6 -4%
LIC MF Dividend Yield Fund0.72%6 +3%
LIC MF Dividend Yield Fund0.72%5 +3%
Aditya Birla SL Dividend Yield Fund0.34%5 +6%
Aditya Birla SL Equity Savings Fund0.30%3 +8%

Red flags

F-score 7 of 8
lookInventory outrunning sales Inventory grew 30% vs sales -1% in 2026
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 ₹698 Cr +28.8% vs Jun 2025. Net profit ₹124 Cr +9.7%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-16Dividend - Rs 8.50 Per Share
2025-09-19Dividend - Rs 7.50 Per Share
2024-09-03Dividend - Rs 7 Per Share
2023-09-01Annual General Meeting/Dividend - Rs 7 Per Share
2022-09-06Annual General Meeting/Dividend - Rs 6.50 Per Share
2021-06-24 Annual General Meeting/Dividend - Rs 6 Per Share
2020-09-17 Annual General Meeting/Dividend - Rs 0.50 Per Share
2020-03-12 Interim Dividend - Rs 5 Per Share
2020-02-05 Face Value Split (Sub-Division) - From Rs 2/- Per Share To Rs 1/- Per Share0.5000
2019-07-16 Annual General Meeting/ Dividend - Rs 7 Per Share
2018-07-17 Annual General Meeting / Dividend- Rs 4.50 Per Share
2017-08-31 Buyback
2017-07-18 Annual General Meeting/Dividend-Re 0.50 Per Share
2016-07-25 Annual General Meeting/ Dividend -Re 0.50/- Per Share
2016-03-21 Interim Dividend - Rs 3.50/- Per Share (Purpose Revised)
2015-07-28Annual General Meeting/ Dividend - Rs 3.50/- Per Share
2014-07-28Annual General Meeting/Dividend Rs 3 Per Equity Share
2013-07-23Annual General Meeting/Dividend Rs 2.50 Per Equity Share
2012-08-21Annual General Meeting And Dividend - Rs.2/- Per Share
2011-07-19Annual General Meeting And Dividend Rs.1.30 Per Share
2010-07-13Annual General Meeting And Final Dividend Re.0.70 Per Share
2009-10-30Fv Spl-Rs10tors2/Div-1.50record Date Revised0.2000
2009-09-08Agm/Div-Rs.2.50 Per Share
DateTypeWhat it says
2026-09-29UpdatesInterview Of Ms. Vinati Saraf Mutreja, Managing Director & CEO, On CNBC-TV18.
2026-09-24Shareholder meetingVoting results.
2026-09-23Shareholder meetingProceedings of Annual General Meeting held on September 23, 2026
2026-09-22Concall / analyst meetSchedule of meet
2026-09-21General UpdatesGeneral Updates
2026-09-02Concall / analyst meetSchedule of meet
2026-09-01Concall / analyst meetSchedule of meet
2026-09-01UpdatesIntimation Under Regulation 30 - Web Link Of The Annual Report For The Financial Year 2025-26.
2026-08-31UpdatesBRSR for FY 2025-26.
2026-08-31Shareholder meetingNotice of Annual General Meeting to be held on September 23, 2026
2026-08-26Record DateRecord date for the purpose of Dividend is 16-Sep-2026.
2026-08-26General Updates37th Annual General Meeting of the Company is scheduled on Wednesday, September 2026 at 11 a.m. (IST) through VC
2026-07-30Updates.
2026-07-29Board meeting outcomeVinati Organics Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-15General UpdatesGeneral Updates
2026-06-24Concall / analyst meetSchedule of meet
2026-06-18Concall / analyst meetSchedule of meet
2026-06-17Concall / analyst meetSchedule of meet
2026-06-15General UpdatesGeneral Updates on Communication To Shareholders - Intimation On Dividend Taxation Provisions
2026-05-29Concall / analyst meetSchedule of meet
2026-05-29Concall / analyst meetTranscript
2026-05-27Concall / analyst meetLink of Recording
2026-05-25UpdatesAnnual Secretarial Compliance Report for the Financial year ended March 31, 2026.
2026-05-22Concall / analyst meetSchedule of meet
2026-05-18General UpdatesAdditional investment in Veeral Organics Pvt. Ltd., Wholly Owned Subsidiary
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.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Vinati Organics Ltd?

Vinati Organics Ltd (VINATIORGA) has a market capitalisation of Rs 12,173 Cr. at the 2026-10-01 close.

What is the P/E ratio of Vinati Organics Ltd?

Vinati Organics Ltd trades at a P/E of 24.4 on trailing twelve-month profit, at the 2026-10-01 close.

What were Vinati Organics Ltd's latest quarterly results?

In the Jun 2026 quarter, Vinati Organics Ltd sales was Rs 698 Cr (+28.8% vs Jun 2025) and net profit was Rs 124 Cr.

What is the 52-week high and low of Vinati Organics Ltd?

The 52-week high is Rs 1,791.10 and the 52-week low is Rs 1,165.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03