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    Vipul Organics

    Mumbai-based specialty colour-chemistry manufacturer of pigments, dyes, naphthols and dye intermediates across Maharashtra and Gujarat, exporting to 50+ countries.

    Chemicals
    Commodities

    Overview

    Price

    Market Cap

    ₹505 Cr

    Sector

    Chemicals

    Commodities

    Rank

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital810101313131819
    Reserves2529424146516898
    Borrowings2230303130466053
    Other Liabilities4239454048454961
    Total Liabilities96107127125137156194232
    AssetsFixed Assets3229363532383737
    CWIP0000592139
    Investments22222201
    Other Assets6276898897107136154
    Total Assets96107127125137156194232

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating1514-22105111
    Cash from Investing-11-11-1-11-3-7-15-34
    Cash from Financing-2045-5-21525
    SummaryCapital Expenditure
    Free Cash Flow33-4-107-2-15-24
    FCF Margin

    Valuation

    Assumptions

    Current — 530627
    Price
    ₹260
    EPS (TTM)
    ₹3.60
    PE (TTM)
    72.3
    Profit growth
    50.3%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (91.8×) and current (72.3×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹260
    vs
    Fair value · 15% return
    ₹1,015
    290%Undervalued

    At 50.3% growth and a 72× exit, ₹260 only delivers your return if you pay ₹1,015. The price is currently baking in 18% growth.

    EPS grows 50.3%/yr for 5 years, then fades to 6% over 2, exits at 72×.

    YearGrowthEPS (₹)
    FY2750.3%5.41
    FY2850.3%8.13
    FY2950.3%12.22
    FY3050.3%18.37
    FY3150.3%27.61
    FY3228.1% ·fade35.38
    FY336.0% ·fade37.51

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Vipul Organics

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