Vipul Organics Limited

BSE: VIPULORG530627ISIN INE834D01018

Commodities
Specialty Chemicals

Share price

₹215.00+0.80 (+0.37%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded. Earlier history is omitted pending corporate-action verification.

52W high: ₹309.00
52W low: ₹156.80
Off 52W high: -30.42%
1M return: -16.42%
3M return: -14.46%
6M return: +8.12%
1Y return: +17.74%
20D avg volume: 4,956
50 DMA: ₹252.02
200 DMA: ₹227.48

Key ratios Consolidated

Market cap: ₹409.67 Cr
Current price: ₹215.00
52W high / low: ₹309.00 / ₹156.80
Face value: ₹10.00
P/E: 50.19
P/B: 3.50
EPS (TTM): ₹4.28
Book value / share: ₹61.48
ROE: —
ROCE: 8.80%
Operating margin: —
Net margin: —
Debt / equity: 0.45
Net debt: ₹50.66 Cr
Interest cover: 5.20
Dividend yield: 0.37%
Dividend / share (TTM): ₹0.80
Payout: 18.69%
Cash conversion cycle: 108.1 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	51.78	52.22	46.14	39.44	37.60	44.09	41.41	39.24	38.06	39.99	37.42	36.53
	0.40	0.40	0.24	0.23	0.09	-0.11	0.12	0.19	0.14	0.55	0.19	0.07
	52.18	52.62	46.38	39.66	37.69	43.98	41.54	39.43	38.20	40.54	37.61	36.60
	48.73	49.62	43.86	37.28	36.07	42.81	39.71	37.67	36.62	38.99	36.31	35.53
	17.25	22.49	18.66	13.72	14.30	11.25	17.05	17.36	12.91	12.04	11.78	13.53
	21.60	12.64	7.95	16.19	9.73	14.72	8.95	9.19	13.32	14.61	7.98	11.95
	3.59	3.29	3.46	2.50	2.73	2.48	2.98	3.01	2.46	2.63	2.64	2.28
	0.53	0.54	0.49	0.54	0.70	0.87	0.59	0.64	0.58	0.65	0.56	0.53
	1.41	1.63	1.58	1.62	1.55	1.60	1.58	1.46	1.24	1.50	1.39	1.36
	8.12	9.59	7.74	8.17	6.54	8.78	7.92	8.44	7.17	7.61	7.17	7.56
	3.44	3.01	2.52	2.39	1.62	1.17	1.83	1.76	1.58	1.56	1.30	1.07
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	3.44	3.01	2.52	2.39	1.62	1.17	1.83	1.76	1.58	1.56	1.30	1.07
	0.92	1.03	0.67	0.58	0.35	0.38	0.38	0.70	0.45	0.48	0.51	0.07
	2.52	1.97	1.85	1.81	1.26	0.78	1.45	1.06	1.13	1.07	0.80	1.00
	1.33	1.10	1.10	1.15	0.86	0.47	1.11	0.81	0.87	0.83	0.62	0.77
Key metrics
	5.38	5.18	4.59	4.55	3.87	3.64	4.00	3.86	3.40	3.71	3.25	2.96
	10.40%	9.90%	9.90%	11.50%	10.30%	8.30%	9.70%	9.80%	8.90%	9.30%	8.70%	8.10%
	4.90%	3.80%	4.00%	4.60%	3.40%	1.80%	3.50%	2.70%	3.00%	2.70%	2.10%	2.70%
	—	2.70%	—	2.70%	—	2.80%	—	—	—	—	—	—
	37.70%	18.40%	11.40%	0.50%	-1.20%	10.30%	10.70%	7.40%	—	—	—	—
	100.00%	152.60%	27.60%	70.80%	11.50%	-27.10%	81.20%	6.00%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	189.58	175.40	162.80	150.08	133.93	133.20
	1.27	0.96	0.34	0.92	0.07	1.96
	190.84	176.35	163.14	150.99	134.00	135.16
	179.49	166.82	156.81	146.37	131.27	125.42
	72.12	69.17	58.57	49.13	52.85	58.16
	58.38	46.51	46.19	45.67	37.90	40.66
	12.84	11.99	10.93	9.74	8.82	6.73
	2.10	2.27	2.68	2.41	2.67	1.64
	6.24	6.39	5.88	5.58	6.32	5.22
	33.62	32.03	32.31	28.86	27.53	25.94
	11.36	9.53	6.34	4.62	2.73	9.74
	0.00	0.00	0.00	0.00	0.00	0.00
	11.36	9.53	6.34	4.62	2.73	9.74
	3.20	2.63	1.91	1.28	0.86	2.77
	8.15	6.90	4.43	3.34	1.87	6.97
	4.68	3.84	2.70	2.57	1.47	—
Key metrics
	19.70	18.19	14.90	12.61	11.72	16.60
	10.39%	10.40%	9.20%	8.40%	8.80%	12.50%
	4.30%	3.90%	2.70%	2.20%	1.40%	5.20%
	—	8.80%	12.30%	—	—	—
	16.78%	7.70%	8.50%	12.10%	0.50%	—
	79.12%	55.80%	32.60%	78.60%	-73.20%	—
	—	10.52	-15.27	—	—	—
	—	1.52	0.14	—	—	—
	—	0.45	0.72	—	—	—
	—	50.66	44.91	—	—	—
	—	108.1	113.8	—	—	—
Balance sheet
	—	230.87	155.31	—	—	—
	—	144.86	100.71	—	—	—
	—	2.20	0.88	—	—	—
	—	54.36	50.81	—	—	—
	—	45.55	36.40	—	—	—
	—	14.56	10.42	—	—	—
	—	37.05	38.08	—	—	—
	—	47.98	36.46	—	—	—
	—	97.51	81.92	—	—	—
	—	52.86	45.79	—	—	—
	—	36.96	36.79	—	—	—
	—	15.90	9.00	—	—	—
	—	116.98	63.70	—	—	—
Cash flow
	—	10.52	0.62	—	—	—
	—	-34.11	-15.24	—	—	—
	—	24.91	14.73	—	—	—
	—	0.00	15.89	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	51.78	52.22	46.14	39.44	37.60	44.09	41.41	39.24	38.06	39.99	37.42	36.53
	0.40	0.40	0.24	0.23	0.09	-0.11	0.12	0.19	0.14	0.55	0.19	0.07
	52.18	52.62	46.38	39.66	37.69	43.98	41.54	39.43	38.20	40.54	37.61	36.60
	48.73	49.62	43.85	37.27	36.07	42.80	39.71	37.67	36.61	38.98	36.30	35.53
	17.25	22.49	18.66	13.72	14.30	11.25	17.05	17.36	12.91	12.04	11.78	13.53
	21.60	12.65	7.95	16.19	9.73	14.72	8.95	9.19	13.33	14.61	7.98	11.95
	3.59	3.29	3.46	2.51	2.73	2.48	2.98	3.01	2.46	2.63	2.64	2.28
	0.53	0.54	0.49	0.54	0.70	0.87	0.59	0.64	0.58	0.65	0.56	0.53
	1.41	1.63	1.58	1.62	1.55	1.60	1.58	1.45	1.24	1.50	1.39	1.36
	8.12	9.58	7.74	8.16	6.53	8.77	7.92	8.44	7.16	7.61	7.17	7.56
	3.45	3.01	2.52	2.39	1.62	1.18	1.83	1.76	1.59	1.56	1.30	1.07
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	3.45	3.01	2.52	2.39	1.62	1.18	1.83	1.76	1.59	1.56	1.30	1.07
	0.92	1.03	0.67	0.58	0.35	0.38	0.38	0.70	0.45	0.49	0.51	0.07
	2.53	1.97	1.86	1.81	1.27	0.79	1.45	1.06	1.14	1.07	0.80	1.00
	1.33	1.10	1.10	1.15	0.87	0.48	1.11	0.81	0.88	0.85	0.62	0.73
Key metrics
	5.39	5.18	4.59	4.55	3.87	3.65	4.00	3.85	3.41	3.71	3.25	2.96
	10.40%	9.90%	9.90%	11.50%	10.30%	8.30%	9.70%	9.80%	9.00%	9.30%	8.70%	8.10%
	4.90%	3.80%	4.00%	4.60%	3.40%	1.80%	3.50%	2.70%	3.00%	2.70%	2.10%	2.70%
	—	2.70%	—	2.70%	—	2.80%	—	—	—	—	—	—
	37.70%	18.40%	11.40%	0.50%	-1.20%	10.30%	10.70%	7.40%	—	—	—	—
	99.20%	149.40%	28.30%	70.80%	11.40%	-26.20%	81.20%	6.00%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	189.58	175.40	162.80	150.08	133.93	133.20
	1.27	0.96	0.34	0.92	0.07	1.96
	190.84	176.35	163.14	150.99	134.00	135.16
	179.47	166.80	156.79	146.35	131.25	125.40
	72.12	69.17	58.57	49.13	52.85	58.16
	58.39	46.51	46.19	45.67	38.24	40.66
	12.85	11.99	10.93	9.74	8.82	6.73
	2.10	2.27	2.68	2.41	2.67	1.64
	6.24	6.39	5.88	5.58	6.32	5.22
	33.60	32.01	32.29	28.85	27.51	25.93
	11.37	9.55	6.36	4.64	2.75	9.76
	0.00	0.00	0.00	—	—	—
	11.37	9.55	6.36	4.64	2.75	9.76
	3.20	2.63	1.91	1.29	0.77	2.77
	8.17	6.92	4.45	3.34	1.98	6.99
	4.68	3.84	2.71	2.60	1.54	—
Key metrics
	19.71	18.21	14.92	12.63	11.74	16.62
	10.40%	10.40%	9.20%	8.40%	8.80%	12.50%
	4.31%	3.90%	2.70%	2.20%	1.50%	5.20%
	—	8.80%	12.20%	—	—	—
	16.78%	7.70%	8.50%	12.10%	0.50%	—
	78.77%	55.50%	33.20%	68.70%	-71.70%	—
	—	-24.48	-15.27	—	—	—
	—	1.52	0.14	—	—	—
	—	0.45	0.71	—	—	—
	—	50.68	44.93	—	—	—
	—	107.0	112.5	—	—	—
Balance sheet
	—	231.50	155.94	—	—	—
	—	144.43	100.27	—	—	—
	—	2.18	0.86	—	—	—
	—	53.88	50.33	—	—	—
	—	45.63	36.48	—	—	—
	—	14.54	10.40	—	—	—
	—	37.03	38.07	—	—	—
	—	48.11	36.60	—	—	—
	—	97.64	82.06	—	—	—
	—	52.86	45.79	—	—	—
	—	36.96	36.79	—	—	—
	—	15.90	9.00	—	—	—
	—	117.48	64.19	—	—	—
Cash flow
	—	10.51	0.62	—	—	—
	—	-34.11	-15.24	—	—	—
	—	24.91	14.73	—	—	—
	—	34.99	15.89	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +9.41%
Sales CAGR 5Y: —
Profit CAGR 3Y: +51.76%
Profit CAGR 5Y: —
Sales YoY (TTM): +16.78%
Profit YoY (TTM): +78.77%

Consolidated

Sales CAGR 3Y: +9.41%
Sales CAGR 5Y: —
Profit CAGR 3Y: +54.53%
Profit CAGR 5Y: —
Sales YoY (TTM): +16.78%
Profit YoY (TTM): +79.12%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 63.96%

Quarter	September 2026	June 2026
Promoter %	63.96%	63.96%

Holder	Type	Holding	Previous	Change
VIPUL PRAVINCHANDRA SHAH	Promoter Group	24.68%	24.68%	0.00%
MIHIR VIPUL SHAH	Promoter Group	16.56%	16.56%	0.00%
VATSAL VIPUL SHAH	Promoter Group	12.80%	12.80%	0.00%
MITA VIPUL SHAH	Promoter Group	6.41%	6.41%	0.00%
MEHUL MADHUSUDAN SHAH	Public	3.15%	3.15%	0.00%
JAGDISH N MASTER	Public	2.49%	2.49%	0.00%
VIPUL P SHAH	Promoter	2.19%	2.19%	0.00%
RAMESH CHIMANLAL SHAH	Public	1.67%	1.64%	+0.03%
KISHOR PUNAMCHAND OSTWAL	Public	1.57%	1.57%	0.00%
BASANT SINGHATWADIA	Public	1.39%	1.39%	0.00%
JVS HOLDINGS LLP	Public	1.26%	1.26%	0.00%
NITI MEHUL SHAH	Public	1.05%	1.05%	0.00%
NILONI MIHIR SHAH	Promoter Group	0.68%	0.68%	0.00%
KAVITA JAVADSHA VARAIYA	Promoter Group	0.64%	0.64%	0.00%
Adimem Technologies LLP	Promoter Group	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Pidilite Industries Ltd.	1,53,494	1,507.00	56.47	28.50%	+16.83% TTM	+20.94% TTM	+3.57%
Gujarat Fluorochemicals Limited	50,673	4,612.90	75.63	10.10%	+20.33% TTM	-1.47% TTM	+25.63%
Navin Fluorine International Limited	45,075	8,785.00	49.50	18.70%	+45.68% TTM	+105.04% TTM	+45.12%
Deepak Nitrite Limited	21,559	1,580.65	20.29	10.80%	+23.80% TTM	+99.83% TTM	-9.73%
Aether Industries Limited	20,478	1,542.85	82.16	12.20%	+30.76% TTM	+28.03% TTM	+103.85%
Aarti Industries Ltd	16,311	449.65	27.46	8.50%	+39.85% TTM	+104.40% TTM	+16.66%
Fine Organic Industries Limited	15,720	5,127.35	38.71	20.20%	+12.92% TTM	+18.80% TTM	+16.19%
Atul Limited.	15,177	5,155.00	19.28	13.50%	+18.15% TTM	+40.10% TTM	-12.49%
Anupam Rasayan India Limited	13,029	1,144.40	57.92	7.50%	+51.76% TTM	+14.65% TTM	+6.58%
PRIVI SPECIALITY CHEMICALS LIMITED	12,825	3,283.30	34.73	25.10%	+17.54% TTM	+44.15% TTM	+10.09%
BASF India Ltd	12,812	2,959.95	21.44	13.10%	+13.35% TTM	+59.30% TTM	-33.46%
Sudeep Pharma Limited	12,657	1,120.60	67.10	24.20%	—	—	—
Vinati Organics Ltd.	10,334	996.85	25.09	17.70%	+10.98% TTM	-5.48% TTM	-39.90%
Elantas Beck India Ltd S	10,127	12,774.65	54.20	—	+18.86% TTM	+35.25% TTM	+29.29%
Jubilant Ingrevia Limited	8,957	562.35	25.55	10.80%	+15.41% TTM	+21.73% TTM	-18.43%
Alkyl Amines Chemicals Ltd. S	8,108	1,585.25	32.77	14.60%	+13.38% TTM	+35.83% TTM	-13.31%
Galaxy Surfactants Limited	8,048	2,269.80	22.75	12.70%	+27.05% TTM	+16.13% TTM	+0.01%
Clean Science and Technology Limited	6,979	656.60	29.92	19.20%	+4.51% TTM	-12.06% TTM	-33.34%
Neogen Chemicals Limited	6,815	2,268.40	168.60	6.80%	+26.66% TTM	+55.16% TTM	+54.05%
Fineotex Chemical Limited	6,221	53.42	41.98	16.20%	+91.44% TTM	+41.07% TTM	+84.27%
Balaji Amines Ltd.	5,738	1,770.80	23.80	10.20%	+20.91% TTM	+66.05% TTM	+26.00%
Archean Chemical Industries Limited	5,291	428.60	54.04	7.80%	+5.99% TTM	-42.66% TTM	-34.05%
Prasol Chemicals Limited	4,594	776.20	—	—	—	—	—
Laxmi Organic Industries Limited	4,501	161.95	35.81	4.40%	+5.47% TTM	+25.01% TTM	-17.12%
Foseco India Ltd S	4,494	5,962.25	57.00	—	+10.33% TTM	-3.71% TTM	+5.42%
Vipul Organics Limited	410	215.00	50.19	8.80%	+16.78% TTM	+79.12% TTM	+17.74%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

Vipul Organics Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/11/2026 ,inter alia, to consider and approve 1. Unaudited Standalone and ....2 Nov 2026 · Board Meeting / Board Meeting
Appointment of Ms. Pratiksha Bhandari as company Secretary and Key Managerial Personnel of the Company28 Oct 2026 · Company Update / Change in Management
Appointment of Company Secretary & Compliance Officer of the company w.e.f 28/10/202628 Oct 2026 · Company Update / Appointment of Company Secretary / Compliance Officer
Appointment of Company Secretary and Compliance Officer'' of the Company28 Oct 2026 · Others / Outcome without intimation
Press Release21 Oct 2026 · Company Update / Press Release / Media Release
Compliance Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018.14 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
As per attachment.5 Oct 2026 · Company Update / General
Scrutinizer Report and Voting results of 54th Annual General Meeting.5 Oct 2026 · AGM/EGM / AGM
54th Annual General Meeting of Vipul Organics Limited30 Sep 2026 · AGM/EGM / AGM
Closure of Trading Window.22 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Press Release.15 Sep 2026 · Company Update / Press Release / Media Release
Letter to Shareholders - Annual Report F.Y. 2025-268 Sep 2026 · Company Update / General
Newspaper Advertisement for Notice of 54th Annual General Meeting.8 Sep 2026 · Company Update / Newspaper Publication
Analyst Meet7 Sep 2026 · Company Update / Analyst / Investor Meet
As per attachment.7 Sep 2026 · Corp. Action / Book Closure
Record date for Dividend is 23rd September, 2026.7 Sep 2026 · Corp. Action / Record Date
Annual Report 2025-26.7 Sep 2026 · Others / Reg. 34 (1) Annual Report
Notice of 54th Annual General Meeting of the company scheduled to be held on 30th September, 2026.7 Sep 2026 · AGM/EGM / AGM
Investor Presentation7 Sep 2026 · Company Update / General
As per attachment.3 Sep 2026 · Company Update / Credit Rating
Newspaper Advertisement for Notice of 54th Annual General Meeting.3 Sep 2026 · Company Update / Newspaper Publication
Press Release1 Sep 2026 · Company Update / Press Release / Media Release
Corrigendum to Intimation of Schedule of Analyst Meeting under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.1 Sep 2026 · Company Update / Analyst / Investor Meet
Intimation of Schedule of Analyst Meeting under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.31 Aug 2026 · Company Update / Analyst / Investor Meet
Outcome of Board Meeting held on Monday i.e. August 31, 202631 Aug 2026 · Others / Outcome without intimation
Press Release20 Aug 2026 · Company Update / Press Release / Media Release
Newspaper Advertisement for Un-audited Standalone and Consolidated Financial Results for the Quarter ended 30th June, 2026.18 Aug 2026 · Company Update / Newspaper Publication
Press Release17 Aug 2026 · Company Update / Press Release / Media Release
As per attachment14 Aug 2026 · Company Update / Reg. 32 (1), (3) - Statement of Deviation & Variation
Re-appointment of Mr. Vipul Shah as a Managing Director of the company subject to approval of shareholders at the ensuing AGM14 Aug 2026 · Company Update / Change in Management
As per attachment14 Aug 2026 · Result / Financial Results
Outcome of the Board meeting held on August 14, 2026.14 Aug 2026 · Board Meeting / Outcome of Board Meeting
Vipul Organics Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/08/2026 ,inter alia, to consider and approve 1. To consider and approve the ....6 Aug 2026 · Board Meeting / Board Meeting
Resignation of Company Secretary and Compliance Officer Mrs. Mansi Shah w.e.f. 29th July 2026.29 Jul 2026 · Company Update / Resignation of Company Secretary / Compliance Officer
Resignation of Company Secretary and Compliance Officer of Mrs. Mansi Kirankumar Shah w.e.f. 29th July 2026.29 Jul 2026 · Company Update / Change in Management
Newspaper Publication regarding special window for transfer and dematerialization (Demat) of physical shares.20 Jul 2026 · Company Update / General
Compliance Certificate under Regulation 74(5) SEBI (DP) Regulations 2018.13 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Closure of Trading Window24 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Press Release11 Jun 2026 · Company Update / Press Release / Media Release
This is further to our communication dated May 20, 2026, regarding receipt of an invitation by the Company for an "Exclusive Conference" which will be jointly hosted by the Ashika Group ....5 Jun 2026 · Company Update / General

Corporate actions

Purpose	Ex date	Record date	Payment date
Dividend - Rs. - 0.8000	23 Sep 2026	23 Sep 2026	—
Final Dividend - Rs. - 0.8000	23 Sep 2025	23 Sep 2025	—
Right Issue of Equity Shares	10 Mar 2025	10 Mar 2025	—
Final Dividend - Rs. - 1.0000	23 Sep 2024	—	—

Board meetings

13 Nov 2026 Board Meeting - Financial Results
14 Aug 2026 Board Meeting - Financial Results