Vinyl Chemicals (I) Ltd.
NSE: VINYLINDIA · Trading - Chemicals · sector
₹240.07NSE close 2026-10-26
Key numbers
Market cap₹440 cr
Price₹240.07
52w high / low₹294 / ₹161
P/E23.6xSector median 20.4x
P/B3.4xSector median 0.8x
Book value₹71.0
Dividend yield2.92%Sector median 0.57%
ROE14.5%Sector median 5.6%
ROCE19.2%Sector median 8.7%
OPM2.0%Sector median 2.0%
Debt / equity0.00xSector median 0.15x
EV/EBITDA31.8xSector median 12.1x
Interest cover227.3x
Current ratio2.27x
Sales growth 3y-13.6%Sector median +17.1%
Profit growth 3y-22.6%Sector median -7.2%
PEG–
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 13 companies in Trading - Chemicals (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹62 cr vs borrowings ₹0 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 227.3x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 3 of the last 5 years (FY26, FY23, FY22).
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 72% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹240.07 on 2026-10-26: -18.3% from the 52-week high, +49.1% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹414.90 · low ₹181.67
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 150 | 146 | 173 | 151 | 152 | 169 | 180 | 100 |
| EBITDA | 6 | 4 | 10 | 2 | 3 | 4 | 3 | 3 |
| OPM % | 4.0% | 2.5% | 5.8% | 1.3% | 1.8% | 2.2% | 1.6% | 2.7% |
| Other income | 1 | 3 | 0 | 4 | 1 | 2 | 3 | 6 |
| Net profit | 5 | 5 | 7 | 4 | 3 | 5 | 5 | 7 |
| EPS (₹) | 5.60 | 5.47 | 3.96 | 2.42 | 1.58 | 2.47 | 2.53 | 3.61 |
| Revenue YoY | +1.0% | +15.8% | +4.0% | -34.1% | ||||
| Profit YoY | -43.9% | -9.8% | -36.0% | +48.8% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 865 | 1,013 | 597 | 625 | 652 | 601 |
| EBITDA | 44 | 47 | 25 | 26 | 11 | 12 |
| Net profit | 35 | 36 | 22 | 22 | 16 | 19 |
| EPS (₹) | 38.02 | 38.88 | 23.82 | 12.18 | 8.99 | 10.19 |
| Revenue growth | +17.0% | -41.0% | +4.7% | +4.3% | -3.2% | |
| Profit growth | +2.2% | -38.7% | +2.2% | -26.2% | -14.6% | |
| Dividend / share (₹) | 3.75 | 5.00 | 5.00 | 6.75 | 7.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -13.6% | +10.1% | -3.2% |
| Net profit | -22.6% | +7.8% | -14.6% |
| EPS | -38.6% | -6.2% | – |
| Share price | – | -25.1% (2y) | -26.4% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 113 | 117 | 127 | 130 |
| Borrowings | – | 0 | 0 | 0 | 0 |
| Cash & equivalents | – | 42 | 64 | 80 | 62 |
| Total assets | – | 176 | 305 | 262 | 233 |
| Fixed assets | – | 1 | 1 | 1 | 1 |
| Capital work in progress | – | 0 | 0 | 0 | 0 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 31 | 106 | 105 | 123 |
| Inventory | – | 85 | 120 | 63 | 33 |
| Payables | – | 56 | 181 | 125 | 96 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 34 | 3 | 47 | 24 | -16 |
| Cash from investing | 21 | 41 | -14 | -6 | 21 |
| Cash from financing | 7 | 18 | 18 | -12 | -13 |
| Capex | 21 | 0 | 0 | 0 | 1 |
| Free cash flow | 13 | 3 | 47 | 24 | -17 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 31.5% | 18.7% | 17.6% | 12.7% |
| ROCE % | – | 42.9% | 25.3% | 23.9% | 17.0% |
| Debtor days | – | 11 | 65 | 61 | 69 |
| Inventory days | – | 33 | 78 | 39 | 19 |
| Payable days | – | 22 | 118 | 78 | 56 |
| Cash conversion cycle (days) | – | 22 | 25 | 22 | 32 |
| Working capital days | – | 41 | 71 | 73 | 72 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 50.41% |
| FIIs | 0.00% |
| DIIs | 0.05% |
| of which Mutual funds | 0.00% |
| of which Insurance | 0.00% |
| Government | 0.00% |
| Public (non-institutions) | 49.54% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 50.41% | 50.41% | 50.41% | 50.41% | 50.41% | 50.41% | 50.41% | 50.41% |
| Promoter group | % |
|---|---|
| Pidilite Industries Limited | 40.64% |
| Parekh Marketing Limited | 2.35% |
| Kalva Marketing And Services Ltd | 2.15% |
| Pidichem Pvt Ltd | 0.73% |
| Mala Madhukar Parekh | 0.68% |
| Madhukar Balvantray Parekh | 0.49% |
| Ishijas Chemicals Private Limited | 0.35% |
| Ajay Balvantray Parekh | 0.34% |
| Harton Private Limited | 0.26% |
| Bharati Narendrakumar Parekh | 0.23% |
| Jasna Raoul Thackersey | 0.23% |
| The Vacuum Forming Company Private Limited | 0.22% |
| Parkem Dyes & Chemicals Pvt Ltd | 0.21% |
| Ami Ajay Parekh | 0.19% |
| Madhukar Balvantray Parekh partner representing Triveni Corporation | 0.19% |
| Public holders above 1% | % |
|---|---|
| Investor Education And Protection Fund Authority Ministry Of Corporate Affairs | 4.65% |
37,678 shareholders. Pledged: 0.00% of promoter shares.
Peers in Trading - Chemicals
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| UNIENTER | ₹604 cr | 29.9x | 0.2x | 0.8% | 0.8% | -15.6% | +179.1% | 0.57% |
| VINYLINDIA | ₹440 cr | 23.6x | 3.4x | 14.5% | 19.2% | 2.0% | -13.6% | 2.92% |
| VERITAS | ₹389 cr | 12.5x | 0.1x | -0.0% | 0.8% | 2.0% | +139.0% | 0.03% |
| EVEXIA | ₹325 cr | – | 0.8x | 0.4% | 0.5% | 1.7% | +17.1% | – |
| BHAVIK | ₹303 cr | 22.4x | 2.1x | 9.3% | 12.9% | 2.7% | – | – |
| SRD | ₹247 cr | 13.4x | 2.0x | 15.9% | 17.4% | 5.4% | – | 0.13% |
| A1L | ₹225 cr | 20.4x | 4.2x | 16.5% | 14.3% | 3.6% | +1.2% | 0.76% |
| SHIVTEXCHEM | ₹154 cr | 2.0x | 0.4x | 22.3% | 36.6% | 4.9% | – | – |
| YASHCHEM | ₹51 cr | 21.2x | 1.2x | 5.6% | 8.7% | 0.2% | +38.3% | – |
| AUREATE | ₹45 cr | 8.6x | 5.0x | 57.7% | 108.9% | 6.0% | – | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-05-22 | Dividend | Dividend - Rs 7 Per Share |
| 2025-07-15 | Dividend | Dividend - Rs 7 Per Share |
| 2024-07-24 | Dividend | Annual General Meeting/Dividend - Rs 6.75 Per Share |
| 2023-07-26 | Dividend | Annual General Meeting/Dividend - Rs 5 Per Share/Special Dividend - Rs 5 Per Share |
| 2022-07-29 | Dividend | Annual General Meeting/Dividend - Rs 5 Per Share/Special Dividend - Rs 5 Per Share |
| 2021-08-04 | Dividend | Annual General Meeting/Dividend - Rs 3.75 Per Share |
| 2020-08-31 | Dividend | Annual General Meeting/Dividend - Rs 2.40 Per Share |
| 2019-07-26 | Dividend | Annual General Meeting/Dividend - Rs 2.40 Per Share |
| 2018-08-16 | Dividend | Annual General Meeting/Dividend- Rs 2.40 Per Share |
| 2017-08-16 | Dividend | Annual General Meeting/Dividend - Rs 1.80 Per Share |
| 2016-08-16 | Dividend | Annual General Meeting/ Dividend - Rs 1.50/- Per Share |
| 2015-08-14 | Dividend | Annual General Meeting/ Dividend - Rs 1.50/- Per Share |
| 2014-09-08 | Dividend | Annual General Meeting / Dividend - Re 1/- Per Share |
| 2013-07-10 | Dividend | Annual General Meeting And Dividend Re.0.80 Per Share |
| 2012-07-10 | Dividend | Annual General Meeting/Dividend Re 0.60 Per Share |
| 2011-07-12 | Dividend | Annual General Meeting/Final Dividend Re.0.25 Per Share And Special Dividend Re.0.25 Per Share |
| 2010-07-23 | Dividend | Dividend-Re.0.11 Per Share |
| 2009-07-22 | Other | Annual General Meeting |
| 2008-08-14 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Commodities |
| Industry | Trading - Chemicals |
| Sub-industry | Trading - Chemicals |
| Symbol | VINYLINDIA |
| BSE code | 524129 |
| ISIN | INE250B01029 |
| Face value | ₹1.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.