Vipul Organics Ltd

Vipul Organics Ltd

₹ 191 0.98%
22 Jul 12:11 p.m.
About

Incorporated in 1972, Vipul Organics Ltd
does manufacturing & trading of Dyes stuff, Organic Pigments & Organic Intermediates[1]

Key Points

Product Profile:[1]
Pigment Powder, Pigment Dispersions, Reactive Dyes, Direct Dyes, Acid Dyes, Naphthols, Fast Color Bases, Fast Color Salts, Vat Dyes & Vat Paste, Basic Dyes, Food Colors & Lake Colors, Intermediates for Dyestuffs & Pigmets

  • Market Cap 249 Cr.
  • Current Price 191
  • High / Low 237 / 102
  • Stock P/E 62.0
  • Book Value 44.1
  • Dividend Yield 0.47 %
  • ROCE 8.15 %
  • ROE 6.00 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 38.0%

Cons

  • Stock is trading at 4.41 times its book value
  • The company has delivered a poor sales growth of 10.8% over past five years.
  • Company has a low return on equity of 7.53% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Chemicals Industry: Dyes And Pigments

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
32.38 31.04 30.90 38.88 37.90 36.76 27.88 31.39 36.14 36.53 37.42 39.99 38.06
29.68 27.38 27.17 33.98 34.33 34.17 25.55 28.20 33.53 33.65 34.35 36.84 34.79
Operating Profit 2.70 3.66 3.73 4.90 3.57 2.59 2.33 3.19 2.61 2.88 3.07 3.15 3.27
OPM % 8.34% 11.79% 12.07% 12.60% 9.42% 7.05% 8.36% 10.16% 7.22% 7.88% 8.20% 7.88% 8.59%
0.93 0.21 0.30 0.17 0.03 0.08 0.01 -0.06 0.10 0.07 0.19 0.55 0.14
Interest 0.32 0.36 0.54 0.42 0.57 0.57 0.65 0.89 0.68 0.53 0.56 0.65 0.58
Depreciation 1.25 1.26 1.30 1.41 1.50 1.57 1.55 1.71 1.33 1.36 1.39 1.50 1.24
Profit before tax 2.06 2.25 2.19 3.24 1.53 0.53 0.14 0.53 0.70 1.06 1.31 1.55 1.59
Tax % 24.27% 25.78% 31.05% 31.48% 30.72% 20.75% 28.57% 45.28% 27.14% 7.55% 38.93% 30.97% 28.30%
1.56 1.67 1.51 2.23 1.06 0.42 0.11 0.29 0.52 0.99 0.80 1.08 1.14
EPS in Rs 1.31 1.40 1.22 1.68 0.83 0.33 0.06 0.20 0.41 0.77 0.62 0.83 0.88
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
34 44 52 53 57 79 90 92 119 133 134 150 152
33 42 50 50 54 75 84 83 102 117 122 138 140
Operating Profit 1 2 2 3 3 4 6 9 17 16 12 12 12
OPM % 4% 4% 4% 5% 6% 5% 7% 10% 14% 12% 9% 8% 8%
0 0 0 0 1 1 0 1 0 1 0 1 1
Interest 0 1 1 1 1 1 1 1 1 2 3 2 2
Depreciation 0 0 1 1 1 1 1 2 6 5 6 6 5
Profit before tax 1 1 1 1 2 3 5 7 10 10 3 5 6
Tax % 31% 33% 34% 33% 32% 34% 30% 32% 28% 28% 32% 28%
0 1 1 1 2 2 4 5 7 7 2 3 4
EPS in Rs 0.66 0.88 1.06 1.34 2.08 2.31 3.64 4.93 5.76 5.45 1.46 2.57 3.10
Dividend Payout % 97% 73% 61% 48% 31% 28% 18% 13% 13% 13% 62% 39%
Compounded Sales Growth
10 Years: 13%
5 Years: 11%
3 Years: 8%
TTM: 15%
Compounded Profit Growth
10 Years: 20%
5 Years: -1%
3 Years: -21%
TTM: 213%
Stock Price CAGR
10 Years: 29%
5 Years: 11%
3 Years: 2%
1 Year: 78%
Return on Equity
10 Years: 10%
5 Years: 11%
3 Years: 8%
Last Year: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 5 5 5 5 6 8 8 8 10 10 13 13
Reserves 7 7 7 8 12 18 20 25 29 42 40 44
9 9 10 7 10 19 19 22 30 30 31 30
11 13 14 13 18 26 26 42 39 44 40 48
Total Liabilities 33 34 37 33 46 70 73 96 107 127 124 136
4 5 6 6 6 6 6 32 29 36 35 32
CWIP 0 0 0 0 1 5 17 0 0 0 0 5
Investments 0 0 0 0 1 1 1 1 1 1 0 1
28 29 30 27 38 58 50 63 77 90 88 98
Total Assets 33 34 37 33 46 70 73 96 107 127 124 136

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0 2 3 5 -4 -8 15 14 -2 2 10 5
-1 -1 -2 -0 -2 -4 -11 -11 -2 -11 -3 -7
2 -1 -1 -4 7 11 -2 -0 4 5 -5 -2
Net Cash Flow 1 0 0 -0 1 -2 1 3 1 -3 3 -4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 125 83 83 72 95 132 84 99 109 117 93 108
Inventory Days 71 73 54 50 69 54 49 96 87 131 150 122
Days Payable 139 127 113 110 135 143 116 210 161 166 142 147
Cash Conversion Cycle 57 29 24 12 28 43 17 -15 35 81 101 83
Working Capital Days 104 74 56 38 69 94 60 42 89 107 106 105
ROCE % 6% 6% 8% 10% 13% 12% 13% 16% 18% 14% 7% 8%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
63.74% 65.08% 66.22% 66.22% 66.22% 66.22% 66.44% 66.44% 66.44% 66.76% 67.02% 67.02%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.26% 0.46% 0.46%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.99% 0.00% 0.00%
36.26% 34.92% 33.78% 33.78% 33.77% 33.78% 33.56% 33.55% 33.57% 31.99% 32.52% 32.52%
No. of Shareholders 6,1106,6477,7008,3718,1397,9097,6747,4487,2046,8646,8646,759

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents