On 6 Nov 2026, Vishnu Chemicals was priced at ₹551.10, or 31.8× trailing earnings, against an industry P/E of 22.1×, and the shares are 26% below their 52-week high. Sales and net profit grew 4.9% and 1.4% a year over 3 years; its ROCE of 15% is the second-lowest among the 7 largest Specialty Chemicals peers. Debt is 0.62× equity, and its dividend yield is 0.1%. It is a small-cap company with a market cap of ₹3,710 Cr, ranked 42nd of 204 Specialty Chemicals companies by market cap; the shares rose 6.3% over the past year.
- ₹538.00
- ₹557.95
- ₹529.95
- ₹540.00
- 96.6K
Health check
- ReturnsIn line
+6.3% over a year, better than 3 of 7 peers.
- Price tagPricier
P/E 31.8 vs industry 22.1.
- GrowthSteady
Sales +4.9%, profit +1.4% a year over 3 years.
- ProfitabilityWeak
ROCE 15.4% vs peer median 24.4%.
- Balance sheetFair
Debt 0.62× equity, interest covered 8.4×, Piotroski 4 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹3,710 Cr
- Small cap
- P/E
- 31.8
- Industry 22.1
- Price to book
- 3.24
- Peers 13.33
- Dividend yield
- 0.05%
- ROE
- 14.2%
- Peers 23.0%
- ROCE
- 15.4%
- Peers 24.4%
- Debt to equity
- 0.62
- Debt ₹718 Cr
- EPS (TTM)
- ₹17.33
- Face value ₹2
- OPM (TTM)
- 15.6%
- Net margin 8.8%
- Sales growth
- +6.9%
- Latest quarter vs a year ago
- Profit growth
- +8.2%
- Latest quarter vs a year ago
- Price to sales
- 2.15
- EV/EBITDA 16.3
Strengths and risks
Strengths
- Positive operating cash flow in each of the last 4 years.
About Vishnu Chemicals
Vishnu Chemicals Limited engages in the manufacture and sale of chromium chemicals in India and internationally. The company offers chromium chemicals, such as sodium dichromate, basic chromium sulphate, chromic acid, chrome oxide green, white sodium sulphate, and potassium dichromate; and barium carbonate, precipitated barium sulphate, strontium carbonate, and sodium sulphide. Its products are used in pharmaceuticals, pigments and dyes, infrastructure,…
- Headquarters
- Hyderabad
- Employees
- 548
- Sector
- Basic Materials
- ISIN
- INE270I01022
- Website
- vishnuchemicals.com
Price range
- Avg volume (3M)
- 1.2 L
- 1-year return
- plus 6.3%
- From 52-week high
- minus 25.9%
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% |
| VISHNUVishnu Chemicals | 551.10 | plus 2.06% | 3,710 | 31.8 | 16.7 | 15.4% | 15.5% | 0.62 | 4.9% | plus 6.3% |
| 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 |
|---|---|---|---|---|---|
| 400 | 409 | 448 | 432 | 427 | |
| 342 | 348 | 371 | 367 | 363 | |
| 58.2 | 61.7 | 76.7 | 65.5 | 64 | |
| 14.6% | 15.1% | 17.1% | 15.2% | 15.0% | |
| 9.4 | 6.2 | 2.5 | 12.9 | 9.6 | |
| 11.5 | 13.5 | 4.9 | 12.1 | 13.8 | |
| 10.2 | 10.8 | 10.2 | 11.1 | 11.3 | |
| 45.8 | 43.6 | 64.2 | 55.1 | 48.5 | |
| 28.2% | 22.5% | 32.3% | 28.1% | 26.7% | |
| 32.9 | 33.8 | 43.4 | 39.6 | 35.6 | |
| 4.88 | 5.02 | 6.49 | 5.89 | 5.28 |
Profit & loss
- Sales CAGR 3Y
- +4.9%
- Profit CAGR 3Y
- +1.4%
- EPS CAGR 3Y
- −2.6%
- ROE
- 14.2%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,388 | 1,209 | 1,441 | 1,603 | |
| – | minus 12.9% | +19.2% | +11.2% | |
| 1,156 | 1,007 | 1,212 | 1,350 | |
| 232 | 202 | 229 | 253 | |
| 16.7% | 16.7% | 15.9% | 15.8% | |
| −1 | 1.6 | 1.5 | 9.7 | |
| 22.5 | 27.6 | 24.7 | 26.5 | |
| 26.5 | 33.5 | 38.2 | 41.3 | |
| 3.5 | 0.9 | 0.2 | 0.1 | |
| 185 | 144 | 168 | 195 | |
| 26.4% | 29.7% | 24.7% | 27.2% | |
| 137 | 101 | 127 | 142 | |
| – | minus 26.0% | +25.3% | +12.3% | |
| 22.86 | 15.90 | 19.23 | 21.14 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 11.9 | 13.1 | 13.5 | 13.5 | |
| 402 | 688 | 913 | 1,056 | |
| 303 | 239 | 342 | 527 | |
| 334 | 385 | 365 | 491 | |
| 1,051 | 1,325 | 1,634 | 2,088 | |
| 571 | 653 | 781 | 998 | |
| 106 | 22 | 80.3 | 193 | |
| 0.2 | 0.3 | 0.3 | 1.4 | |
| 2.1 | 3.6 | 2.8 | 8.8 | |
| 371 | 646 | 770 | 886 | |
| 1,051 | 1,325 | 1,634 | 2,088 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 134 | 67.5 | 90.2 | 127 | |
| −118 | −154 | −99.6 | −267 | |
| −15.6 | 88.1 | 9.8 | 146 | |
| 0.3 | 1.7 | 0.5 | 5.3 | |
| −117 | −120 | −87.9 | −257 | |
| 16.9 | −52.8 | 2.4 | −130 | |
| −3.2 | −6.1 | −2 | −2 |
Shareholding pattern
- Promoters69.21%
- Public30.79%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 69.21% | 30.79% | 0.00 | |
| 30 Jun 2026 | 69.21% | 30.79% | 0.00 | |
| 31 Mar 2026 | 69.21% | 30.79% | 0.00 | |
| 31 Dec 2025 | 69.21% | 30.79% | 0.00 | |
| 30 Sep 2025 | 69.21% | 30.79% | – |
Major shareholders
Filings & events
News
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