Skip to main content
Swing Capital

Vinyl Chemicals (I) Ltd

NSE: VINYLINDIA BSE: 524129

Incorporated in 1986, Vinyl Chemicals (India) Ltd is in the business of dealing in chemicals, mainly Vinyl Acetate Monomer (VAM)[1]

₹275
52W: ₹160 — ₹357
PE 40 · Book ₹71 · +287% vs book
Market Cap₹504 Cr
Stock P/E40Price to Earnings
ROCE14.9%Return on Capital
ROE9.8%Return on Equity
Div. Yield2.54%Face Value ₹1

Strengths

  • +Company is almost debt free.
  • +Company has been maintaining a healthy dividend payout of 63.9%

Weaknesses

  • −The company has delivered a poor sales growth of 10.0% over past five years.
  • −Company has a low return on equity of 13.8% over last 3 years.
  • −Earnings include an other income of Rs.9.34 Cr.

Shareholding Pattern

Promoters50.41%
FIIs0.02%
DIIs0.02%
Public49.55%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters50.41%50.41%50.41%50.41%50.42%▲0.050.41%▼0.050.41%50.41%
FIIs0%0.04%▲0.00.01%▼0.00%▼0.00%0%0%0.02%▲0.0
DIIs0%0%0.02%▲0.00.02%0.02%0.02%0.02%0.02%
Public49.57%49.55%▼0.049.55%49.56%▲0.049.57%▲0.049.57%49.55%▼0.049.55%

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales159.03168.27155.63150.34146.4172.88151.23151.89169.48179.84
Expenses150.28159.63149.65144.39142.74162.93149.26149.22165.77177
Operating Profit8.758.645.985.953.669.951.972.673.712.84
OPM %5.5%5.13%3.84%3.96%2.5%5.76%1.3%1.76%2.19%1.58%
Net Profit6.937.534.925.135.017.274.452.884.524.65
EPS ₹3.784.112.682.82.733.962.431.572.462.54

AI Insights

Revenue Trend

Mar 2026 revenue at ₹652Cr, up 4.3% YoY. OPM at 2%.

Debt Position

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

Institutional Flow

DIIs: 0.02% (+0.02pp change). FIIs: 0.02% (+0.02pp change). Promoters hold 50.41%.

Margin & Efficiency

ROCE declining from 57% (Mar 2015) to 15% (Mar 2026). Working capital days: 37.

Valuation

PE 40x with 14.9% ROCE. Price is 287% above book value of ₹71. Dividend yield: 2.54%.

Recent Announcements