Vinati Organics Ltd

Vinati Organics Ltd

₹ 1,935 0.43%
22 Jul 12:12 p.m.
About

Incorporated in 1989, Vinati Organics Ltd manufactures specialty organic intermediaries
and Monomers[1]

Key Points

Product Profile:
a) Specialty Aromatics[1]
Iso butyl benzene/ IBB, N-Butyl Benzene, Secondary Butyl Benzene, Tertiary Amyl Benzene,
3- Phenylpentane, The C10 Aromatic solvent,
4 -Butylaniline.

b) Specialty Monomers:[2]
2-acrylamido 2-methyl Propane Sulphonic
Acid (ATBS), Sodium Salt Of 2-acrylamido-2-methylpropane Sulphonic Acid (NAATBS), N-tertiary Butyl Acrylamide (TBA), N-tertiary
Octyl Acrylamide (TOA)

c) Butyl Phenols:[3]
Ortho Tertiary Butyl Phenol/2 Tert Butylphenol, Para Tertiary Butyl Phenol/ 4 Tert Butyl Phenol,
2, 4 Di Tert Butylphenol, 2, 6 Di Tert Butylphenol

d) Other Specialty Products:[4]
Isobutylene, Methanol, High purity Methyl Tertiary Butyl Ether, Tertiary Butylamine, Para tertiary butyl Benzoic Acid, Methyl 4-Tertiary butyl benzoate, Mixed Hexene

e) Miscellaneous Polymers:[5]
Vintreat Polymer, VINPLAST 245,
VINFLOW HT, Isohexane, CAS
64742-49-0

  • Market Cap 20,061 Cr.
  • Current Price 1,935
  • High / Low 2,000 / 1,462
  • Stock P/E 62.0
  • Book Value 238
  • Dividend Yield 0.37 %
  • ROCE 18.6 %
  • ROE 13.8 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 19.1%

Cons

  • Stock is trading at 8.05 times its book value

* 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: Chemicals

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
280 386 374 369 486 506 566 517 519 431 463 448 550
181 285 273 276 347 375 418 369 372 322 358 333 400
Operating Profit 99 102 101 93 139 131 148 148 147 109 105 115 150
OPM % 35% 26% 27% 25% 29% 26% 26% 29% 28% 25% 23% 26% 27%
7 18 14 15 15 19 20 11 12 15 11 9 10
Interest 0 0 -0 0 0 0 0 0 1 0 1 1 1
Depreciation 11 11 11 12 12 13 13 17 17 13 17 19 19
Profit before tax 95 108 103 96 142 136 155 142 142 111 97 103 140
Tax % 25% 25% 21% 13% 29% 26% 25% 25% 26% 25% 25% 25% 25%
71 81 81 83 101 101 116 107 105 83 72 77 104
EPS in Rs 6.89 7.88 7.92 8.10 9.84 9.85 11.29 10.40 10.18 8.10 7.05 7.49 10.08
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
554 696 772 631 641 730 1,128 1,029 954 1,616 2,078 1,900
434 543 580 424 423 531 703 614 601 1,180 1,482 1,430
Operating Profit 120 153 192 207 218 198 425 415 353 435 596 470
OPM % 22% 22% 25% 33% 34% 27% 38% 40% 37% 27% 29% 25%
4 9 9 6 12 31 30 45 26 61 72 39
Interest 12 18 10 8 3 2 2 2 1 2 2 4
Depreciation 10 15 18 19 22 23 27 33 43 45 52 73
Profit before tax 103 129 174 187 206 203 425 425 335 449 615 432
Tax % 33% 33% 33% 29% 32% 29% 34% 21% 20% 23% 26% 25%
69 86 116 132 140 144 282 334 269 347 458 323
EPS in Rs 6.97 8.75 11.22 12.75 13.59 14.00 27.48 32.48 26.20 33.73 44.56 31.20
Dividend Payout % 18% 17% 16% 16% 2% 16% 13% 17% 23% 19% 16% 22%
Compounded Sales Growth
10 Years: 11%
5 Years: 11%
3 Years: 26%
TTM: -9%
Compounded Profit Growth
10 Years: 14%
5 Years: 3%
3 Years: 6%
TTM: -29%
Stock Price CAGR
10 Years: 27%
5 Years: 16%
3 Years: 0%
1 Year: 6%
Return on Equity
10 Years: 22%
5 Years: 20%
3 Years: 19%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 10 10 10 10 10 10 10 10 10 10 10 10
Reserves 231 300 424 530 670 786 1,041 1,269 1,533 1,818 2,209 2,454
237 162 65 42 2 15 4 0 2 18 0 5
67 80 100 104 139 168 173 163 188 243 328 358
Total Liabilities 546 552 599 687 821 980 1,228 1,443 1,734 2,090 2,547 2,827
290 304 327 382 468 457 475 751 757 873 882 1,330
CWIP 14 10 20 25 7 35 191 31 55 47 221 246
Investments 13 3 3 3 62 132 96 227 289 98 256 237
229 235 249 278 284 356 465 434 633 1,071 1,188 1,014
Total Assets 546 552 599 687 821 980 1,228 1,443 1,734 2,090 2,547 2,827

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
92 131 113 167 130 138 200 416 219 127 578 338
-113 -9 -53 -72 -27 -39 -243 -197 -198 -256 -372 -353
22 -113 -75 -50 -45 -30 -40 -109 -3 -46 -86 -106
Net Cash Flow 2 9 -16 45 59 70 -83 109 18 -175 121 -122

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 75 60 61 66 80 89 79 72 106 104 82 102
Inventory Days 60 41 44 55 79 79 64 79 115 75 64 72
Days Payable 17 12 17 28 40 61 37 47 62 46 40 36
Cash Conversion Cycle 117 89 87 94 119 107 106 104 158 132 107 137
Working Capital Days 77 52 58 62 119 121 112 97 138 141 100 145
ROCE % 27% 30% 38% 36% 33% 28% 46% 37% 24% 27% 30% 19%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
74.06% 74.06% 74.06% 74.06% 74.06% 74.06% 74.06% 74.06% 74.06% 74.06% 74.29% 74.29%
4.45% 4.53% 4.58% 4.66% 4.76% 4.81% 4.79% 4.47% 4.64% 4.71% 4.93% 5.33%
6.87% 7.54% 7.85% 8.11% 7.99% 7.88% 7.90% 8.11% 8.18% 7.55% 7.30% 6.74%
14.62% 13.87% 13.51% 13.17% 13.19% 13.25% 13.26% 13.36% 13.12% 13.69% 13.46% 13.64%
No. of Shareholders 82,58175,56072,53972,29875,75980,64584,40490,93493,9891,07,0221,06,8941,00,363

* 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.

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