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On 6 Nov 2026, Vipul Organics was priced at ₹216.05, or 46.2× trailing earnings, against an industry P/E of 22.1×, and the shares are 30% below their 52-week high. Its ROCE of 8.8% is the lowest among the 7 largest Specialty Chemicals peers, and sales and net profit grew 9.4% and 54% a year over 3 years. Its dividend yield is 0.4%, and debt is 0.45× equity. It is a small-cap company with a market cap of ₹412 Cr, ranked 107th of 204 Specialty Chemicals companies by market cap; the shares rose 19% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹225.80
Day high
₹225.80
Day low
₹211.00
Prev. close
₹217.35
Volume
2.8K

Health check

2 good · 1 fair · 3 to check
  • ReturnsIn line

    +19.0% over a year, better than 4 of 7 peers.

  • Price tagPricier

    P/E 46.2 vs industry 22.1.

  • GrowthStrong

    Sales +9.4%, profit +54.5% a year over 3 years.

  • ProfitabilityWeak

    ROCE 8.8% vs peer median 24.4%.

  • Balance sheetSolid

    Debt 0.45× equity, interest covered 5.4×, Piotroski 6 of 9.

  • Red flags3 to check

    Return on equity is low at 7.6%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Specialty Chemicals

203 listed peers. Screen the industry

Small cap

₹412 Cr, #107 of 204 in its industry by size.

Defensive

Beta 0.39 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹190 Cr · profit ₹8 Cr
Market cap
₹412 Cr
Small cap
P/E
46.2
Industry 22.1
Price to book
3.31
Peers 13.33
Dividend yield
0.37%
ROE
7.6%
Peers 23.0%
ROCE
8.8%
Peers 24.4%
Debt to equity
0.45
Debt ₹53 Cr
EPS (TTM)
₹4.68
OPM (TTM)
9.7%
Net margin 4.3%
Sales growth
+37.7%
Latest quarter vs a year ago
Profit growth
+99.5%
Latest quarter vs a year ago
Price to sales
2.17
EV/EBITDA 23.0

Strengths and risks

Strengths

  • Quarterly profit up 99.5% on a year ago.
  • Quarterly sales up 37.7% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • Return on equity is low at 7.6%.
  • P/E of 46.2 against an industry P/E of 22.1.
  • 30% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About Vipul Organics

Vipul Organics Limited manufactures and trades in dyestuffs, organic pigments, and organic intermediates in India. It offers pigment powders, pigment dispersions, reactive dyes, direct dyes, acid dyes, fast color bases, fast color salts, vat dyes and pastes, and basic dyes, intermediates for dyestuffs and pigments, and food and lake colors. The company also exports its products. It serves the plastic and master batches, latex, agriculture, leather, paper…

Headquarters
Mumbai
Employees
143
Sector
Basic Materials
ISIN
INE834D01018
Website
vipulorganics.com

Price range

52 weeks

₹156.80₹309.00

Today

₹211.00₹225.80
Avg volume (3M)
7.9K
1-year return
plus 19.0%
From 52-week high
minus 30.1%

Peers · Specialty Chemicals

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
ASIANPAINTAsian Paints2,546.00plus 0.88%2,44,02550.535.024.4%18.9%0.211.1%plus 1.5%
SOLARINDSSolar Industries India18,608.00plus 0.48%1,68,38474.464.129.5%27.8%0.2212.4%plus 35.9%
PIDILITINDPidilite Industries1,579.00plus 1.63%1,60,82760.044.428.5%23.5%0.037.4%plus 6.8%
LINDEINDIALinde India6,859.00plus 8.73%58,496118.464.216.3%31.5%0.23–plus 5.4%
BERGEPAINTBerger Paints India478.35minus 5.28%55,77645.429.420.6%15.3%0.154.2%minus 6.0%
FLUOROCHEMGujarat Fluorochemicals4,665.50minus 0.94%51,25175.944.09.6%24.1%0.26−4.5%plus 28.0%
ACUTAASAcutaas Chemicals3,786.60plus 0.42%31,00170.964.127.7%39.4%0.0129.4%plus 105.6%
VIPULORGVipul Organics216.05minus 0.60%41246.227.28.8%9.7%0.459.4%plus 19.0%
Median of 7 peers–0.48%58,49670.944.424.4%24.1%0.215.8%6.8%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
37.639.446.152.251.8
33.835.141.847.446.8
3.84.34.44.85
10.1%10.9%9.4%9.2%9.6%
0.10.20.20.40.4
0.70.50.50.50.5
1.51.61.61.61.4
1.62.42.533.4
21.8%23.7%26.4%34.4%26.7%
1.31.81.922.5
0.861.151.101.101.33

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+9.4%
Profit CAGR 3Y
+54.5%
EPS CAGR 3Y
+48.1%
ROE
7.6%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
133149161173
–+12.1%+8.5%+7.6%
120137147156
12.311.614.617
9.3%7.8%9.0%9.8%
−0.70.20.11.1
2.52.32.62.2
6.35.65.96.4
−0.10.80.1−0.1
2.74.66.39.5
31.4%27.8%30.1%27.6%
1.93.34.46.9
–+78.4%+32.5%+56.0%
1.182.092.703.84

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
12.81313.319.1
40.245.250.698.1
32.131.147.753.8
3946.743.760
124136155231
37.639.751.182
2.47.51344.9
0.50.70.40.3
4.40.80.92.2
79.287.390101
124136155231

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
10.14.80.610.5
−3−6.8−15.2−34.1
−4.6−1.614.724.9
2.6−3.60.11.3
−3.1−7−15.9−35
7−2.1−15.3−24.5
−1.2−1.2−1.3−1.4

Shareholding pattern

This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.

Major shareholders

BSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you