VINYLINDIACommodities

Vinyl Chemicals (India) Limited

Trading - Chemicals · ISIN INE250B01029 · BSE 524129 · NSE EQ · FV ₹1
Last price
₹214
-0.39%today
What this company does

Vinyl Chemicals (India) Limited operates in Trading - Chemicals, part of the Commodities sector. It booked ₹100 cr of revenue in its latest quarter (Q1 FY27) and kept 6.6% of sales as profit. It is the 2nd largest of 3 Trading - Chemicals companies we track, by market value.

In the report:
62out of 100
Equitytale Health Score
Mixed

Healthier than 62% of companies in Commodities, on all six measures of filed financials. Each measure is ranked against the 91–173 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)
27

At close. Not part of the score.

Profitability & returns72

How much profit it earns on the money it employs

Balance sheet88

How much it owes, and whether earnings cover the interest

Cash quality41

Whether reported profit actually arrives as cash

Growth & consistency35

Whether sales and profit have grown, and how steadily

Valuation35

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
A mixed picture
Strengths
Makes a profit
Profit up 49% vs last year
Promoters hold 50%
No promoter shares pledged
Strong 20% return on equity
Virtually debt-free
Watch-outs
! Thin 6.6% net margin
! Sales down 34% vs last year
! Operating cash flow is negative

What if I invest in VINYLINDIA?

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 free-cash-flow 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 We do not publish price targets or predict returns.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
₹214 -0.39%
latest close · 2026-09-17
1-year return
+2.5%
52-wk low ₹19552-wk high ₹331
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 ratio14.8Low
LowAverageHigh
P/B ratio3.02High
Below bookModerateHigh
EV / EBITDA10.9Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity20.3%Strong
WeakFairStrong ▸15%
Return on capital27.0%Strong
WeakFairStrong
Net margin6.6%Decent
ThinDecentStrong
EBITDA margin9.0%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover223.3×Strong
RiskyOkayStrong ▸5×
Current ratio2.27Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹393 cr
Book value
₹71
EPS
₹3.61
latest quarter
Net debt
₹-2 cr
more cash than debt
Enterprise value
₹391 cr
EBITDA
₹36 cr
annualised
EBIT
₹36 cr
annualised
Operating margin
9.0%
Return on assets
11.3%
Earnings yield
6.74%
P/S
0.99
Sales / share
₹217.3
Tax rate
25.5%
Face value
₹1
Shares
1.8 cr
Working capital
₹129 cr
Current assets
₹230 cr
Current liabilities
₹101 cr
Delivery %
68.5%
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 2026-09-17.

Worth vs price · from the FY 2026 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 ₹74₹88, midpoint ₹81

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 · Q1 FY27 (consolidated)
Revenue from Operations₹100 cr
Other Income₹6 cr
Total Income₹106 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹166 cr
Inventory Change (±)₹-76 cr
Employee Benefit Expense₹2 cr
Finance Costs₹4 L
Depreciation & Amortisation₹3 L
Other Expenses₹5 cr
Total Expenses₹97 cr
Profit before Tax₹9 cr
Tax Expense₹2 cr
Net Profit₹7 cr
Net margin on total income6.3%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹89 cr84.4%
Employee benefit expense₹2 cr2.0%
Finance costs₹4 L0.0%
Depreciation & amortisation₹3 L0.0%
Other expenses₹5 cr5.1%
Tax expense₹2 cr2.1%
Profit for the period₹7 cr6.3%
Total income ₹106 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue169 cr180 cr100 cr
Total income172 cr183 cr106 cr
Expenses166 cr177 cr97 cr
Profit before tax6 cr6 cr9 cr
Tax2 cr1 cr2 cr
Net profit (owners' share)5 cr5 cr7 cr
Net margin (owners' share, on revenue)2.7%2.6%6.6%
EPS (₹)2.472.533.61
YoY (latest quarter): total income -31.8% · net profit +48.8%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹233 cr
Shareholder equity
₹130 cr
parent shareholders
Total debt
₹49.5 L
Cash
₹2 cr
Cash flow · H1 FY26
Operating
₹-60 cr
Investing
₹70 cr
Financing
₹-13 cr
Peer comparison
Trading - Chemicals · by market value
CompanyPriceMarket capP/E
Uniphos Enterprises Limited₹92₹639 cr
Vinyl Chemicals (India) Limitedthis company₹214₹393 cr14.8
Shankar Lal Rampal Dye-Chem Limited₹40₹253 cr6.9
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
3.27%
trailing 12 months
Dividend / share (TTM)
₹7
Last dividend
₹7
ex 22 May 2026
ActionDetailEx-date
Dividend₹7 / share22 May 2026
Dividend₹7 / share15 Jul 2025
Dividend₹6.75 / share24 Jul 2024
Dividend₹5 / share26 Jul 2023
Dividend₹5 / share29 Jul 2022
Dividend₹3.75 / share4 Aug 2021
Who owns it · 2026-06-30
No pledge
Promoter
50.4%
FII / Foreign
0.0%
DII / Domestic
0.1%
Retail / others
49.5%
Smart-money activity
Insider trades
SoldRashmikant Himatlal Parekh · Promoters2,177 · ₹14.9 L29 Sep 22
SoldRashmikant Himatlal Parekh · Promoters2,323 · ₹15.8 L29 Sep 22
SoldRashmikant Himatlal Parekh · Promoters2,177 · ₹14.9 L29 Sep 22
Bulk / block deals
SoldGRAVITON RESEARCH CAPITAL LLP · NSE1.01 L @ ₹465.215 Dec 23
BoughtGRAVITON RESEARCH CAPITAL LLP · NSE1.01 L @ ₹465.0315 Dec 23
BoughtGRAVITON RESEARCH CAPITAL LLP · NSE1.14 L @ ₹451.226 Dec 23
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.

Postal ballot · 5 Mar 2026
See the official result
1
To consider and approve appointment of Shri Kavinder Singh (DIN:06994031) as Non-Executive Director of the Company.
Backed by 97% of shareholders other than promotersneeded 50%
98,497 votes for, 3,043 against
2
To consider and approve appointment of Ms. Gira Sardesai (DIN: 02610502) as an Independent Director of the Company.
Backed by 97% of shareholders other than promotersneeded 75%
98,497 votes for, 3,043 against

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 — 31 named members
owning 50.4% between them · as of 2026-06-30
Pidilite Industries Limited40.64%
Parekh Marketing Limited2.35%
Kalva Marketing And Services Ltd2.15%
Pidichem Pvt Ltd0.73%
Mala Madhukar Parekh0.68%
Madhukar Balvantray Parekh0.49%
Ishijas Chemicals Private Limited0.35%
Ajay Balvantray Parekh0.34%

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.