As of 6 Nov 2026, Vinyl Chemicals (India) trades at 16.0× trailing earnings, below the industry P/E of 22.1×, and the shares are 19% below their 52-week high. Sales and net profit fell 13% and 23% a year over 3 years, with ROCE of 17% and ROE of 21%. It carries very little debt, and its dividend yield is 3.0%. It is a small-cap company with a market cap of ₹436 Cr, ranked 105th of 204 Specialty Chemicals companies by market cap; the shares fell 15% over the past year.
- ₹234.00
- ₹239.00
- ₹230.50
- ₹235.84
- 10.7K
Health check
- ReturnsBehind
−14.5% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 16.0 vs industry 22.1.
- GrowthShrinking
Sales −13.1%, profit −22.6% a year over 3 years.
- ProfitabilityWeak
ROCE 16.8% vs peer median 24.4%.
- Balance sheetFair
Practically debt-free, Piotroski 5 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹436 Cr
- Small cap
- P/E
- 16.0
- Industry 22.1
- Price to book
- 3.21
- Peers 13.33
- Dividend yield
- 2.95%
- ROE
- 21.2%
- Peers 23.0%
- ROCE
- 16.8%
- Peers 24.4%
- Debt to equity
- 0.00
- Debt ₹0.49 Cr
- EPS (TTM)
- ₹14.83
- Face value ₹1
- OPM (TTM)
- 5.0%
- Net margin 4.1%
- Sales growth
- +43.9%
- Latest quarter vs a year ago
- Profit growth
- +296.2%
- Latest quarter vs a year ago
- Price to sales
- 0.65
- EV/EBITDA 12.2
Strengths and risks
Strengths
- Return on equity of 21.2%.
- Practically debt-free.
- Dividend yield of 2.95%.
- Quarterly profit up 296.2% on a year ago.
- Quarterly sales up 43.9% on a year ago.
About Vinyl Chemicals (India)
Vinyl Chemicals (India) Limited engages in the trading of chemicals in India. The company trades in vinyl acetate monomer. The company was incorporated in 1986 and is based in Mumbai, India.
- Headquarters
- Mumbai
- Sector
- Basic Materials
- ISIN
- INE250B01029
- Website
- vinylchemicals.com
Price range
- Avg volume (3M)
- 20.2K
- 1-year return
- minus 14.5%
- From 52-week high
- minus 19.1%
Peers · Specialty Chemicals
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ASIANPAINTAsian Paints | 2,546.00 | plus 0.88% | 2,44,025 | 50.5 | 35.0 | 24.4% | 18.9% | 0.21 | 1.1% | plus 1.5% |
| SOLARINDSSolar Industries India | 18,608.00 | plus 0.48% | 1,68,384 | 74.4 | 64.1 | 29.5% | 27.8% | 0.22 | 12.4% | plus 35.9% |
| PIDILITINDPidilite Industries | 1,579.00 | plus 1.63% | 1,60,827 | 60.0 | 44.4 | 28.5% | 23.5% | 0.03 | 7.4% | plus 6.8% |
| LINDEINDIALinde India | 6,859.00 | plus 8.73% | 58,496 | 118.4 | 64.2 | 16.3% | 31.5% | 0.23 | – | plus 5.4% |
| BERGEPAINTBerger Paints India | 478.35 | minus 5.28% | 55,776 | 45.4 | 29.4 | 20.6% | 15.3% | 0.15 | 4.2% | minus 6.0% |
| FLUOROCHEMGujarat Fluorochemicals | 4,665.50 | minus 0.94% | 51,251 | 75.9 | 44.0 | 9.6% | 24.1% | 0.26 | −4.5% | plus 28.0% |
| ACUTAASAcutaas Chemicals | 3,786.60 | plus 0.42% | 31,001 | 70.9 | 64.1 | 27.7% | 39.4% | 0.01 | 29.4% | plus 105.6% |
| VINYLINDIAVinyl Chemicals (India) | 237.55 | plus 0.73% | 436 | 16.0 | 16.4 | 16.8% | 5.0% | 0.00 | −13.1% | minus 14.5% |
| Median of 7 peers | – | 0.48% | 58,496 | 70.9 | 44.4 | 24.4% | 24.1% | 0.21 | 5.8% | 6.8% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 152 | 169 | 180 | 99.6 | 219 | |
| 148 | 165 | 173 | 92.2 | 204 | |
| 4.3 | 4.4 | 6.7 | 7.4 | 14.9 | |
| 2.8% | 2.6% | 3.7% | 7.4% | 6.8% | |
| −0.4 | 1.8 | −0.5 | 1.6 | 0.5 | |
| 0 | 0 | 0 | 0 | 0.1 | |
| 0 | 0 | 0 | 0 | 0 | |
| 3.9 | 6.2 | 6.1 | 8.9 | 15.3 | |
| 25.8% | 26.5% | 24.1% | 25.5% | 25.4% | |
| 2.9 | 4.5 | 4.7 | 6.6 | 11.4 | |
| 1.58 | 2.47 | 2.53 | 3.61 | 6.24 |
Profit & loss
- Sales CAGR 3Y
- −13.1%
- Profit CAGR 3Y
- −22.6%
- EPS CAGR 3Y
- −22.7%
- ROE
- 21.2%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 962 | 570 | 597 | 632 | |
| – | minus 40.7% | +4.7% | +5.9% | |
| 904 | 543 | 568 | 609 | |
| 57.7 | 27.6 | 28.6 | 22.9 | |
| 6.0% | 4.8% | 4.8% | 3.6% | |
| −11.6 | −2.3 | −0.7 | −9.7 | |
| 1.1 | 0 | 0 | 0 | |
| 0.1 | 0.1 | 0.1 | 0.1 | |
| 2.6 | 4.5 | 2.6 | 9.1 | |
| 47.5 | 29.7 | 30.4 | 22.2 | |
| 25.0% | 26.4% | 26.5% | 25.6% | |
| 35.6 | 21.8 | 22.3 | 16.5 | |
| – | minus 38.7% | +2.2% | minus 26.1% | |
| 19.44 | 11.91 | 12.17 | 8.99 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1.8 | 1.8 | 1.8 | 1.8 | |
| 111 | 115 | 125 | 128 | |
| 0.5 | 0.5 | 0.5 | 0.5 | |
| 61.8 | 188 | 135 | 103 | |
| 176 | 305 | 262 | 233 | |
| 0.6 | 0.6 | 0.6 | 0.8 | |
| – | – | 0.1 | – | |
| 40.3 | 62.1 | 78.3 | 60.4 | |
| 135 | 243 | 183 | 172 | |
| 176 | 305 | 262 | 233 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −20.5 | 36.2 | 23.7 | −16.1 | |
| 39.8 | −13.8 | −6.1 | 21.2 | |
| −18.6 | −18.3 | −12.4 | −12.8 | |
| 0.6 | 4 | 5.3 | −7.7 | |
| −0.8 | – | −0.1 | −0.9 | |
| −21.2 | 36.2 | 23.7 | −17 | |
| −18.3 | −18.3 | −12.4 | −12.8 |
Shareholding pattern
- Promoters50.41%
- Public49.59%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 50.41% | 49.59% | 0.00 | |
| 30 Jun 2026 | 50.41% | 49.59% | 0.00 | |
| 31 Mar 2026 | 50.41% | 49.59% | 0.00 | |
| 31 Dec 2025 | 50.41% | 49.59% | 0.00 | |
| 30 Sep 2025 | 50.41% | 49.59% | – |
Major shareholders
Filings & events
News
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