About
Vipul Organics Limited manufactures and trades in dyestuffs, organic pigments, and organic intermediates in India. It offers pigment powders, pigment dispersions, reactive dyes, direct dyes, acid dyes, naphthols, fast color bases, fast color salts, vat dyes and pastes, and basic dyes, intermediates for dyestuffs and pigments, and food and lake colors. The company also exports its products. It serves the plastic and master batches, latex, agriculture, leather, paper and packaging, and dietary supplement industries, as well as the food, beverages, and confectioneries. The company was formerly known as Vipul Dyechem Limited and changed its name to Vipul Organics Limited in July 2016. Vipul Organics Limited was founded in 1968 and is headquartered in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap513 Cr
P/E62.80
Div Yield0.30 %
Book Value₹61.50
52w High₹309.00
52w Low₹157.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 51.78 | 52.22 | 46.14 | 39.43 | 37.60 | 44.09 | 41.41 | 39.24 | 38.06 | 39.99 | 37.42 | 36.53 | 36.14 |
| Expenses | 46.79 | 47.44 | 41.79 | 35.11 | 33.82 | 40.35 | 37.53 | 35.57 | 34.79 | 36.84 | 34.35 | 33.65 | 33.53 |
| Operating Profit | 4.99 | 4.78 | 4.35 | 4.32 | 3.78 | 3.74 | 3.88 | 3.67 | 3.27 | 3.15 | 3.07 | 2.88 | 2.61 |
| OPM % | 9.64 | 9.15 | 9.43 | 10.96 | 10.05 | 8.48 | 9.37 | 9.35 | 8.59 | 7.88 | 8.20 | 7.88 | 7.22 |
| Other Income | 0.40 | 0.40 | 0.24 | 0.23 | 0.09 | -0.11 | 0.12 | 0.19 | 0.14 | 0.55 | 0.19 | 0.07 | 0.10 |
| Depreciation | 1.41 | 1.63 | 1.58 | 1.62 | 1.55 | 1.60 | 1.59 | 1.45 | 1.24 | 1.50 | 1.39 | 1.36 | 1.33 |
| Interest | 0.53 | 0.54 | 0.49 | 0.54 | 0.70 | 0.87 | 0.59 | 0.64 | 0.58 | 0.65 | 0.56 | 0.53 | 0.68 |
| Profit before tax | 3.45 | 3.01 | 2.52 | 2.39 | 1.62 | 1.16 | 1.82 | 1.77 | 1.59 | 1.55 | 1.31 | 1.06 | 0.70 |
| Tax % | 26.67 | 34.22 | 26.59 | 24.27 | 21.60 | 32.76 | 20.88 | 39.55 | 28.30 | 30.97 | 38.93 | 7.55 | 27.14 |
| Net Profit | 2.53 | 1.98 | 1.85 | 1.81 | 1.27 | 0.78 | 1.45 | 1.06 | 1.14 | 1.07 | 0.80 | 1.00 | 0.52 |
| EPS in Rs | 1.33 | 1.04 | 0.97 | 1.02 | 0.72 | 0.45 | 0.82 | 0.61 | 0.66 | 0.62 | 0.47 | 0.58 | 0.30 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 175.00 | 163.00 | 150.00 | 134.00 | 133.00 | 119.00 | 92.00 | 90.00 | 79.00 | 57.00 | 53.00 | 52.00 |
| Expenses | 158.00 | 148.00 | 138.00 | 122.00 | 117.00 | 103.00 | 83.00 | 84.00 | 75.00 | 54.00 | 50.00 | 50.00 |
| Operating Profit | 17.00 | 14.00 | 12.00 | 12.00 | 16.00 | 16.00 | 9.00 | 6.00 | 4.00 | 3.00 | 3.00 | 2.00 |
| OPM % | 10.00 | 9.00 | 8.00 | 9.00 | 12.00 | 14.00 | 10.00 | 7.00 | 5.00 | 6.00 | 5.00 | 4.50 |
| Other Income | 1.00 | 0.00 | 1.00 | 0.00 | 1.00 | 1.00 | 1.00 | 0.00 | 1.00 | 1.00 | 0.00 | 0.00 |
| Interest | 2.00 | 3.00 | 2.00 | 3.00 | 2.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Depreciation | 6.00 | 6.00 | 6.00 | 6.00 | 5.00 | 6.00 | 2.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Profit before tax | 10.00 | 6.00 | 5.00 | 3.00 | 10.00 | 10.00 | 7.00 | 5.00 | 3.00 | 2.00 | 1.00 | 1.00 |
| Tax % | 28.00 | 30.00 | 28.00 | 32.00 | 28.00 | 28.00 | 32.00 | 30.00 | 34.00 | 32.00 | 33.00 | 34.00 |
| Net Profit | 7.00 | 4.00 | 3.00 | 2.00 | 7.00 | 7.00 | 5.00 | 4.00 | 2.00 | 2.00 | 1.00 | 1.00 |
| EPS in Rs | 3.63 | 2.50 | 1.93 | 1.09 | 4.08 | 4.31 | 3.71 | 2.74 | 1.74 | 1.54 | 1.00 | 0.79 |
| Dividend Payout % | 22.00 | 24.00 | 39.00 | 62.00 | 13.00 | 13.00 | 13.00 | 18.00 | 28.00 | 31.00 | 48.00 | 61.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 19.00 | 13.00 | 13.00 | 13.00 | 10.00 | 10.00 | 8.00 | 8.00 | 8.00 | 6.00 | 5.00 | 5.00 |
| Reserves | 98.00 | 51.00 | 45.00 | 40.00 | 42.00 | 29.00 | 25.00 | 20.00 | 18.00 | 13.00 | 8.00 | 7.00 |
| Borrowings | 53.00 | 46.00 | 30.00 | 31.00 | 30.00 | 30.00 | 22.00 | 19.00 | 19.00 | 10.00 | 7.00 | 10.00 |
| Other Liabilities | 61.00 | 45.00 | 48.00 | 40.00 | 44.00 | 39.00 | 42.00 | 26.00 | 26.00 | 16.00 | 13.00 | 14.00 |
| Total Liabilities | 231.00 | 155.00 | 136.00 | 124.00 | 127.00 | 107.00 | 96.00 | 73.00 | 70.00 | 46.00 | 33.00 | 37.00 |
| Fixed Assets | 37.00 | 38.00 | 32.00 | 35.00 | 36.00 | 29.00 | 32.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 |
| CWIP | 39.00 | 9.00 | 5.00 | 0.00 | 0.00 | 0.00 | 0.00 | 17.00 | 5.00 | 1.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 1.00 | 0.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.00 | 0.00 |
| Other Assets | 154.00 | 107.00 | 98.00 | 88.00 | 90.00 | 77.00 | 63.00 | 50.00 | 58.00 | 38.00 | 27.00 | 30.00 |
| Total Assets | 231.00 | 155.00 | 136.00 | 124.00 | 127.00 | 107.00 | 96.00 | 73.00 | 70.00 | 46.00 | 33.00 | 37.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 11.00 | 1.00 | 5.00 | 10.00 | 2.00 | -2.00 | 14.00 | 15.00 | -8.00 | -4.00 | 5.00 | 3.00 |
| Cash from Investing Activity | -34.00 | -15.00 | -7.00 | -3.00 | -11.00 | -2.00 | -11.00 | -11.00 | -4.00 | -2.00 | 0.00 | -2.00 |
| Cash from Financing Activity | 25.00 | 15.00 | -2.00 | -5.00 | 5.00 | 4.00 | 0.00 | -2.00 | 11.00 | 7.00 | -4.00 | -1.00 |
| Net Cash Flow | 1.00 | 0.00 | -4.00 | 3.00 | -3.00 | 1.00 | 3.00 | 1.00 | -2.00 | 1.00 | 0.00 | 0.00 |
| Free Cash Flow | -24.00 | -15.00 | -2.00 | 7.00 | -10.00 | -4.00 | 3.00 | 3.00 | -13.00 | -7.00 | 4.00 | 1.00 |
| CFO/OP % | 76.00 | 18.00 | 53.00 | 104.00 | 34.00 | -3.00 | 180.00 | 255.00 | -183.00 | -100.00 | 172.00 | 144.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 113.00 | 114.00 | 108.00 | 93.00 | 117.00 | 109.00 | 99.00 | 84.00 | 132.00 | 95.00 | 72.00 | 83.00 |
| Inventory Days | 146.00 | 127.00 | 122.00 | 150.00 | 131.00 | 87.00 | 96.00 | 49.00 | 54.00 | 69.00 | 50.00 | 54.00 |
| Days Payable | 153.00 | 127.00 | 147.00 | 142.00 | 166.00 | 161.00 | 210.00 | 116.00 | 143.00 | 135.00 | 110.00 | 113.00 |
| Cash Conversion Cycle | 105.00 | 114.00 | 83.00 | 101.00 | 81.00 | 35.00 | -15.00 | 17.00 | 43.00 | 28.00 | 12.00 | 24.00 |
| Working Capital Days | 36.00 | 37.00 | 42.00 | 45.00 | 45.00 | 34.00 | -8.00 | 16.00 | 18.00 | 6.00 | -5.00 | -8.00 |
| ROCE % | 8.00 | 9.00 | 8.00 | 7.00 | 14.00 | 18.00 | 16.00 | 13.00 | 12.00 | 12.00 | 10.00 | 8.00 |
Corporate Actions
21 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 23 Sep 2025 | 23 Sep 2025 | — | 0.80 | |
| Other | 10 Mar 2025 | 10 Mar 2025 | — | — | Right Issue of Equity Shares |
| Dividend | 23 Sep 2024 | — | — | 1.00 | |
| Dividend | 22 Sep 2023 | — | — | 0.90 | |
| Dividend | 06 Sep 2022 | — | — | 0.90 | |
| Bonus | 07 Apr 2022 | 09 Apr 2022 | 1:4 | — | |
| Dividend | 08 Sep 2021 | — | — | 0.90 | |
| Dividend | 22 Sep 2020 | — | — | 0.80 | |
| Dividend | 20 Sep 2019 | — | — | 0.80 | |
| Dividend | 18 Sep 2018 | — | — | 0.80 | |
| Dividend | 21 Sep 2017 | — | — | 0.80 | |
| Dividend | 16 Aug 2016 | — | — | 0.80 | |
| Dividend | 23 Sep 2015 | — | — | 0.80 | |
| Dividend | 25 Sep 2014 | — | — | 0.80 | |
| Dividend | 23 Sep 2013 | — | — | 0.80 | |
| Dividend | 24 Sep 2012 | — | — | 0.80 | |
| Dividend | 26 Sep 2011 | — | — | 0.80 | |
| Dividend | 23 Sep 2010 | — | — | 0.80 | |
| Dividend | 17 Sep 2009 | — | — | 0.60 | |
| Dividend | 24 Sep 2008 | — | — | 0.60 | |
| Dividend | 25 Sep 2007 | — | — | 0.60 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update25 Mar from fitch
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Rating update29 Aug 2025 from crisil
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Rating update21 Aug 2025 from fitch
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Rating update1 Jul 2025 from care
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Rating update28 Mar 2025 from crisil
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Rating update23 Dec 2024 from smera