VINATIORGACommodities

Vinati Organics Limited

Specialty Chemicals · ISIN INE410B01037 · BSE 524200 · NSE EQ · FV ₹1
Last price
₹998
+4.56%today
What this company does

Vinati Organics Limited operates in Specialty Chemicals, part of the Commodities sector. It booked ₹680 cr of revenue in its latest quarter (Q2 FY27) and kept 11.5% of sales as profit.

“Vinati Organics Limited (referred to as ‘Vinati’ or ‘the Company’) emerged early in speciality chemicals industry by blending innovation with advanced chemistry to create value-added products. Since 1989, the Company has grown from a single-product operation to a key player in the specialty chemicals and organic intermediates, now offering over 30 products.”
Their stated mission

“to deliver differentiated, high- competitive products, we performance products.”

In the report:
63out of 100
Equitytale Health Score
Mixed

Healthier than 63% of companies in Commodities, on all six measures of filed financials. Each measure is ranked against the 91–176 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
oversold
RSI (14)
22

At close. Not part of the score.

Profitability & returns55

How much profit it earns on the money it employs

Balance sheet98

How much it owes, and whether earnings cover the interest

Cash quality46

Whether reported profit actually arrives as cash

Growth & consistency66

Whether sales and profit have grown, and how steadily

Valuation18

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Sales up 24% vs last year
✓ Promoters hold 74%
✓ No promoter shares pledged
✓ Virtually debt-free
✓ Turns profit into real cash
Watch-outs
! Profit down 32% vs last year

What if I invest in VINATIORGA?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own revenue trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹998▲ +4.56%
latest close · 2026-11-04
1-year return
-50.9%
52-wk low ₹95052-wk high ₹2,290
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio33.0High
LowAverageHigh
P/B ratio3.17High
Below bookModerateHigh
EV / EBITDA18.7High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity9.6%Fair
WeakFairStrong ▸15%
Return on capital12.2%Fair
WeakFairStrong
Net margin11.5%Decent
ThinDecentStrong
EBITDA margin20.3%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Current ratio5.16Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹10,349 cr
Book value
₹314
EPS
₹7.56
latest quarter
Net debt
₹-7 cr
more cash than debt
Enterprise value
₹10,342 cr
EBITDA
₹553 cr
annualised
EBIT
₹422 cr
annualised
Operating margin
15.5%
Return on assets
8.4%
Earnings yield
3.03%
P/S
3.80
Sales / share
₹262.4
Tax rate
25.8%
Face value
₹1
Shares
10.4 cr
Working capital
₹1,079 cr
Current assets
₹1,339 cr
Current liabilities
₹260 cr
Delivery %
51.4%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹269–₹389, midpoint ₹329

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹680 cr
Other Income₹13 cr
Total Income₹693 cr
Cost of Materials₹404 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-11 cr
Employee Benefit Expense₹49 cr
Finance Costs₹0 cr
Depreciation & Amortisation₹33 cr
Other Expenses₹112 cr
Total Expenses₹587 cr
Profit before Tax₹106 cr
Tax Expense₹27 cr
Net Profit₹78 cr
Net margin on total income11.3%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹393 cr56.8%
Employee benefit expense₹49 cr7.1%
Depreciation & amortisation₹33 cr4.7%
Other expenses₹112 cr16.2%
Tax expense₹27 cr3.9%
Profit for the period₹78 cr11.3%
Total income ₹693 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue604 cr696 cr680 cr
Total income624 cr705 cr693 cr
Expenses464 cr557 cr587 cr
Profit before tax160 cr148 cr106 cr
Tax36 cr39 cr27 cr
Net profit (owners' share)124 cr109 cr78 cr
Net margin (owners' share, on revenue)20.5%15.6%11.5%
EPS (₹)11.9510.507.56
YoY (latest quarter): total income +22.4% · net profit -31.8%
Balance sheet & cash flow · as of Sep 2026
Debt-free
Total assets
₹3,727 cr
Shareholder equity
₹3,261 cr
parent shareholders
Total debt
₹0 cr
Cash
₹7 cr
Cash flow · H1 FY27
Operating
₹169 cr
Investing
₹-77 cr
Financing
₹-88 cr
Peer comparison
Specialty Chemicals · by market value
CompanyPriceMarket capP/E
Pidilite Industries Limited₹1,511₹1.54 L cr62.5
Gujarat Fluorochemicals Limited₹4,464₹49,103 cr55.3
Navin Fluorine International Limited₹8,530₹43,759 cr40.6
Deepak Nitrite Limited₹1,521₹20,741 cr13.0
Aether Industries Limited₹1,501₹19,924 cr73.3
Aarti Industries Limited₹439₹15,930 cr23.6
Fine Organic Industries Limited₹5,089₹15,603 cr25.6
Atul Limited₹5,073₹14,935 cr24.0
BASF India Limited₹3,138₹13,584 cr9.8
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.85%
trailing 12 months
Dividend / share (TTM)
₹8.5
Last dividend
₹8.5
ex 16 Sep 2026
ActionDetailEx-date
Dividend₹8.5 / share16 Sep 2026
Dividend₹7.5 / share19 Sep 2025
Dividend₹7 / share3 Sep 2024
Dividend₹7 / share1 Sep 2023
Dividend₹6.5 / share6 Sep 2022
Dividend₹6 / share24 Jun 2021
Who owns it · 2026-09-30
No pledge
Promoter
74.3%
FII / Foreign
3.6%
DII / Domestic
9.0%
Retail / others
13.1%
Promoter stake up 0.2% over the last 12 quarters.
Smart-money activity
Insider trades
SoldSEMMA GOYAL · Immediate relative250 · ₹3.8 L16 Feb 21
SoldSEMMA GOYAL · Immediate relative250 · ₹3.3 L21 Sep 20
SoldSEMMA GOYAL · Immediate relative900 · ₹10.7 L24 Aug 20
Bulk / block deals
short— · NSE20011 Aug 26
short— · NSE219 Mar 26
short— · NSE3,4006 Oct 25
Stake changes
BoughtViral Alkalies Ltd. alongwith PAC · promoter→ 74.28% · 8.84 L26 Feb 24
BoughtViral Alkalies Ltd. alongwith PAC · promoter→ 74.28% · 8.84 L26 Feb 24
BoughtVinod Saraf Family Trust · promoter→ 13.52% · 1.39 cr28 Jun 23
Promoter pledges
ReleasedNot Applicable8.25 L · 0.80% held30 Mar 26
ReleasedICICI Bank Limited8.25 L · 0.80% held30 Mar 26
PledgedICICI Bank Ltd1.75 L · 0.63% held25 Nov 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 23 Sep 2026
See the official result
1
Adoption of Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
1.21 cr votes for, 45 against · 0% of mutual funds and other big investors said no
2
Declaration of Dividend.
Backed by 100% of shareholders other than promotersneeded 50%
1.21 cr votes for, 41 against · 0% of mutual funds and other big investors said no
3
Re-appointment of Ms. Viral Saraf Mittal (DIN: 02666028), who retires by rotation and being eligible, offers herself for reappointment.
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
1.21 cr votes for, 40,880 against · 0% of mutual funds and other big investors said no
4
Ratify the remuneration payable to the Cost Auditor for the Financial Year 2026-2027.
Backed by 100% of shareholders other than promotersneeded 50%
1.21 cr votes for, 183 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 8 named members
owning 74.3% between them · as of 2026-09-30
SUCHIR CHEMICALS PRIVATE LIMITED45.87%
VINOD SARAF FAMILY TRUST (TRUSTEE VINOD SARAF)13.41%
KAVITA VINOD SARAF FAMILY TRUST (TRUSTEE KAVITA VINOD SARAF)11.97%
VINATI SARAF MUTREJA1.17%
VIRAL SARAF MITTAL1.01%
VIRAL ALKALIS LIMITED0.44%
VINOD SARAF0.41%
KAVITA SARAFno shares
Business done with them
FY2026 · 5 of the group
The company paid ₹63 cr to companies in the promoter group last year — about 2.8% of its ₹2,227 cr revenue and received ₹2 L back from them.
SUCHIR CHEMICALS PRIVATE LIMITED
Other payments to them · Sales
also owns 45.87% of the company
₹36 cr
company paid
Vinati Saraf Mutreja
Other payments to them · Remmuneration
also owns 1.17% of the company
₹21 cr
company paid
Vinod Saraf
Other payments to them · Remmuneration
also owns 0.41% of the company
₹3 cr
company paid
Viral Saraf Mittal
Other payments to them · Remmuneration
also owns 1.01% of the company
₹1 cr
company paid
VIRAL ALKALIS LIMITED
Bought goods from them · Sales
also owns 0.44% of the company
₹1 cr
company paid
VIRAL ALKALIS LIMITED
Other payments to them · Sales
also owns 0.44% of the company
₹35 L
company paid
VIRAL ALKALIS LIMITED
Leases As Lessor · Sales
also owns 0.44% of the company
₹5 L
company received
VIRAL ALKALIS LIMITED
Sold goods to them · Sales
also owns 0.44% of the company
₹2 L
company received

The company also transacted with 2 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.