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Swing Capital

Vinati Organics Ltd

NSE: VINATIORGA BSE: 524200

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

₹1,372
52W: ₹1203 — ₹2040
PE 29.2 · Book ₹310 · +343% vs book
Market Cap₹14,222 Cr
Stock P/E29.2Price to Earnings
ROCE21.3%Return on Capital
ROE16.2%Return on Equity
Div. Yield0.58%Face Value ₹1

Strengths

  • +Company has reduced debt.
  • +Company is almost debt free.
  • +Company has been maintaining a healthy dividend payout of 19.8%

Shareholding Pattern

Promoters74.29%
FIIs3.72%
DIIs9.91%
Public12.1%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters74.29%74.29%74.29%74.29%74.29%74.29%74.29%74.29%
FIIs5.33%5.48%▲0.25.31%▼0.23.83%▼1.53.86%▲0.03.77%▼0.13.77%3.72%▼0.0
DIIs6.74%7.27%▲0.57.61%▲0.39.21%▲1.69.25%▲0.09.55%▲0.39.84%▲0.39.91%▲0.1
Public13.64%12.96%▼0.712.81%▼0.212.68%▼0.112.6%▼0.112.39%▼0.212.11%▼0.312.1%▼0.0

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales448550525553522648542546529611
Expenses333400400419379465376368368427
Operating Profit115150125134143184166179161183
OPM %26%27%24%24%27%28%31%33%30%30%
Net Profit771048610696128113129108138
EPS ₹7.4910.088.310.249.2212.3110.8812.4510.4613.26

AI Insights

Revenue Trend

Mar 2026 revenue at ₹2,228Cr, down 0.9% YoY. OPM at 31%.

Debt Position

Borrowings at ₹0Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.

Capex Cycle

CWIP at ₹126Cr (8% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 9.91% (+1.80pp change). FIIs: 3.72% (-0.75pp change). Promoters hold 74.29%.

Margin & Efficiency

ROCE declining from 38% (Mar 2015) to 21% (Mar 2026). Working capital days: 146.

Valuation

PE 29.2x with 21.3% ROCE. Price is 343% above book value of ₹310. Dividend yield: 0.58%.

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