MarketFriction

Vinyl Chemicals (I) Ltd

NSE VINYLINDIA · BSE 524129 · Trading - Chemicals
₹214.23 -2.19%
NSE close2026-10-01
52 week range161.00 - 309.00
Market cap₹395 Cr.
P/E21.1
Price band 20% Delivery 85.7%

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
Sales154.40159.03168.27155.63150.34146.40172.88151.23151.89169.48179.8499.64
Expenses149.87150.28159.63149.65144.39142.74162.93149.26149.22165.77177.0096.96
Operating Profit4.538.758.645.985.953.669.951.972.673.712.842.68
OPM %2.93%5.50%5.13%3.84%3.96%2.50%5.76%1.30%1.76%2.19%1.58%2.69%
Other Income0.820.641.730.781.052.990.194.091.272.483.356.28
Interest0.020.010.010.010.020.010.010.010.030.010.030.04
Depreciation0.020.020.030.020.030.030.020.030.030.030.030.03
Profit before tax5.319.3610.336.736.956.6110.116.023.886.156.138.89
Tax %26.93%25.96%27.11%26.89%26.19%24.21%28.09%26.08%25.77%26.50%24.14%25.53%
Net Profit3.886.937.534.925.135.017.274.452.884.524.656.62
EPS in Rs2.123.784.112.682.802.733.962.431.572.462.543.61
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3352933754833724048651,013597625652601
Expenses326283361469366389821966572600639589
Operating Profit991414615444725261312
OPM %2.8%3.2%3.8%2.8%1.7%3.7%5%4.6%4.2%4.1%2.0%2.0%
Other Income3441402245913
Interest000000010000
Depreciation000000000000
Profit before tax121318141015474830302225
Tax %35%35%36%37%25%26%25%25%26%27%26%
Net Profit89129711353622221619
EPS in Rs4.364.766.364.834.076.1919.0119.4411.9112.188.9910.18
Dividend Payout %34%38%38%50%59%60%52%51%57%57%78%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth7%10%-14%-3%
Compounded Profit Growth8%2%-28%-15%
Stock Price CAGR13%-1%-22%-25%
Return on Equity19%21%14%10%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital222222222222
Reserves3341465457596694111115125128
Borrowings000000010000
Other Liabilities69805611584942006562188135103
Total Liabilities104123104171144156269162176305262233
Fixed Assets000000001111
CWIP000000000000
Investments9453934247557840576852
Other Assets95786613714110821484135247193180
Total Assets104123104171144156269162176305262233
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity034-7-3-21511117-203624-16
Cash from Investing Activity-3-3310834-44-6-2140-14-621
Cash from Financing Activity-2-3-3-4-5-5-4-7-19-18-12-13
Net Cash Flow-4-2-01720-11145-8
Free Cash Flow034-7-3-21511117-213624-16
CFO/OP39%409%-23%22%-116%883%92%57%-20%164%115%-77%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days405457754845100511656169
Inventory Days332923575350702433783919
Days Payable538869116639518826221187856
Cash Conversion Cycle20-5111739-1-17322252332
Working Capital Days19-410193622726322737
ROCE %57%24%21%30%24%14%23%55%44%22%21%15%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters50.41%50.41%50.41%50.41%50.41%50.41%50.41%50.42%50.41%50.41%50.41%50.41%
FIIs0.00%0.00%0.09%0.00%0.04%0.01%0.00%0.00%0.00%0.00%0.02%0.00%
DIIs0.00%0.00%0.00%0.00%0.00%0.02%0.02%0.02%0.02%0.02%0.02%0.05%
Public49.57%49.57%49.49%49.57%49.55%49.55%49.56%49.57%49.57%49.55%49.55%49.52%
No. of Shareholders46,19545,81944,46044,25543,08342,33841,92441,22740,75639,68438,83138,667

Fundamentals

Market Cap₹ 395 Cr.
Current Price₹ 215
Stock P/E21.1
Book Value₹ 71.0
ROCE14.9 %
ROE9.80 %
Dividend Yield3.26 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)-3%
Compounded Profit Growth (TTM)-15%
Standalone figures.
Valuation
Market capRs 393 Cr
Enterprise valueRs 384 Cr
P/E (TTM)21.05x
Price to book3.02x
Price to sales0.65x
EV / EBITDA15.17x
EV / EBIT15.24x
EV / sales0.64x
Earnings yield4.75%
Dividend yield3.26%
P/E, 3-year average22.70x
P/B, 3-year average3.79x
P/E, 5-year average19.82x
P/B, 5-year average4.36x
Profitability
Operating margin (excl. other income)2.00%
Operating margin (incl. other income)3.43%
EBITDA margin4.21%
Pre-tax margin4.17%
Net profit margin3.11%
Net margin, latest quarter6.64%
ROE12.84%
ROCE17.26%
ROA6.66%
ROE, 3-year average16.72%
ROCE, 3-year average22.63%
ROA, 3-year average7.87%
ROE, 5-year average25.34%
ROCE, 5-year average34.19%
ROA, 5-year average12.19%
ROIC (approx.)15.49%
Tax rate25.61%
Other income / net worth7.17%
Growth
Sales growth (latest year)4.35%
Profit growth (latest year)-26.15%
Sales CAGR, 3 years-13.63%
Sales CAGR, 5 years10.05%
Profit CAGR, 3 years-22.66%
Profit CAGR, 5 years7.76%
Sales growth QoQ-44.60%
Profit growth QoQ42.37%
Sales growth YoY (latest quarter)-34.11%
Profit growth YoY (latest quarter)48.76%
Per share
EPS (TTM)Rs 10.18
EPS (latest year)Rs 8.99
EPS (latest quarter)Rs 3.61
EPS, 3-year averageRs 11.02
EPS, 5-year averageRs 14.30
Book value per shareRs 71.00
Sales per shareRs 327.55
Cash flow per shareRs -8.77
Free cash flow per shareRs -8.72
Dividend per share (latest year)Rs 6.98
Dividend per share, 3-year averageRs 6.90
Dividend per share, 5-year averageRs 8.13
Dividends
Dividend payout77.68%
Dividend payout, 3-year average63.87%
Dividend payout, 5-year average59.09%
Efficiency
Asset turnover2.80x
Fixed asset turnover767.58x
Inventory turnover19.05x
Inventory days19 days
Debtor days69 days
Debtors turnover5.29x
Creditor days56 days
Cash conversion cycle32 days
Working capital days37 days
Leverage
Total debtRs 0 Cr
Cash and bankRs 10 Cr
Net debtRs -9 Cr
Debt to equity0.00x
Net debt / EBITDA-0.37x
Interest coverage228.73x
Current ratio (filing 2026-03-31)2.27x
Quick ratio (filing 2026-03-31)1.95x
Trade payables (filing 2026-03-31)Rs 96 Cr
Owners' fund to total sources55.82%
Debt to assets0.21%
Cash flow
Cash from Operating Activity (latest year)Rs -16 Cr
Cash from Investing Activity (latest year)Rs 21 Cr
Cash from Financing Activity (latest year)Rs -13 Cr
Net Cash Flow (latest year)Rs -8 Cr
Free cash flow (latest year)Rs -16 Cr
FCFE (approx.: FCF + change in debt)Rs -16 Cr
Cash from ops / profit, 5 years0.31x
Statement figures
Net sales (TTM)Rs 601 Cr
Net sales (latest year)Rs 652 Cr
Sales (latest quarter)Rs 100 Cr
Operating profit excl. other income (latest year)Rs 13 Cr
Operating profit (latest quarter)Rs 3 Cr
Other income (TTM)Rs 13 Cr
EBITDA (TTM)Rs 25 Cr
PBDT (TTM)Rs 25 Cr
Profit before tax (TTM)Rs 25 Cr
Tax (latest year)Rs 6 Cr
Net profit (TTM)Rs 19 Cr
Net profit (latest year)Rs 16 Cr
Net profit (latest quarter)Rs 7 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 620 Cr
Total expenditure (latest year)Rs 639 Cr
Total income (latest year)Rs 662 Cr
Share capitalRs 2 Cr
ReservesRs 128 Cr
Shareholders' fundsRs 130 Cr
Total assetsRs 233 Cr
Net blockRs 1 Cr
InvestmentsRs 52 Cr
ReceivablesRs 123 Cr
InventoryRs 33 Cr
Other liabilitiesRs 103 Cr
Shares outstanding (crore)1.83
Ownership
Promoter holding50.41% (-0.01 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 21.1 is at the 39th percentile of its own 9.4-year range (median 22.9, low 8.6, high 47.1).
P/B 3.02 is at the 26th percentile (median 3.96).
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.
PeriodVINYLINDIANifty 50Difference
1 week-2.8%-2.8% +0.0 pts
1 month-6.9%-6.8% -0.1 pts
3 months-18.8%-7.6% -11.2 pts
6 months+29.9%+0.4% +29.4 pts
1 year-26.7%-9.9% -16.8 pts
2 years-48.4%-13.6% -34.8 pts
3 years-52.5%+14.2% -66.7 pts
5 years-20.6%+27.9% -48.5 pts

Red flags

F-score 3 of 8
explainHigh accruals Profit exceeded operating cash by 14% of total assets in 2026
lookProfit leans on other income Other income was 42% of pre-tax profit 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 ₹100 Cr -34.1% vs Jun 2025. Net profit ₹7 Cr +48.8%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-05-22Dividend - Rs 7 Per Share
2025-07-15Dividend - Rs 7 Per Share
2024-07-24Annual General Meeting/Dividend - Rs 6.75 Per Share
2023-07-26Annual General Meeting/Dividend - Rs 5 Per Share/Special Dividend - Rs 5 Per Share
2022-07-29Annual General Meeting/Dividend - Rs 5 Per Share/Special Dividend - Rs 5 Per Share
2021-08-04 Annual General Meeting/Dividend - Rs 3.75 Per Share
2020-08-31 Annual General Meeting/Dividend - Rs 2.40 Per Share
2019-07-26 Annual General Meeting/Dividend - Rs 2.40 Per Share
2018-08-16 Annual General Meeting/Dividend- Rs 2.40 Per Share
2017-08-16 Annual General Meeting/Dividend - Rs 1.80 Per Share
2016-08-16 Annual General Meeting/ Dividend - Rs 1.50/- Per Share
2015-08-14 Annual General Meeting/ Dividend - Rs 1.50/- Per Share
2014-09-08Annual General Meeting / Dividend - Re 1/- Per Share
2013-07-10Annual General Meeting And Dividend Re.0.80 Per Share
2012-07-10Annual General Meeting/Dividend Re 0.60 Per Share
2011-07-12Annual General Meeting/Final Dividend Re.0.25 Per Share And Special Dividend Re.0.25 Per Share
2010-07-23Dividend-Re.0.11 Per Share
2009-07-22Annual General Meeting
2008-08-14Annual General Meeting
No announcements in our files yet.
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.
Order dateForumCase
2019-07-15CESTATVINYL CHEMICALS INDIA LTD ---VS.--- NEW DELHI
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Vinyl Chemicals (I) Ltd?

Vinyl Chemicals (I) Ltd (VINYLINDIA) has a market capitalisation of Rs 395 Cr. at the 2026-10-01 close.

What is the P/E ratio of Vinyl Chemicals (I) Ltd?

Vinyl Chemicals (I) Ltd trades at a P/E of 21.1 on trailing twelve-month profit, at the 2026-10-01 close.

What were Vinyl Chemicals (I) Ltd's latest quarterly results?

In the Jun 2026 quarter, Vinyl Chemicals (I) Ltd sales was Rs 100 Cr (-34.1% vs Jun 2025) and net profit was Rs 7 Cr.

What is the 52-week high and low of Vinyl Chemicals (I) Ltd?

The 52-week high is Rs 309.00 and the 52-week low is Rs 161.00.

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