VALIANTORG

Valiant Organics financials

Market cap
₹1.1k Cr
Sector
Chemicals

What Valiant Organics Limited does

Valiant Organics manufactures specialty chemical intermediates built around chlorination, hydrogenation, ammonolysis, acetylation, sulphonation and methoxylation chemistries. Its products — including Para Chlorophenol, Di/Tri Chlorophenols, Para Nitro Aniline, Para/Ortho Anisidine and Para Amino Phenol — are import-substitute intermediates sold to dyes, pigments, agrochemical, pharmaceutical, veterinary and cosmetics manufacturers, mostly within India. It is part of the Aarti Group and draws on a group company (Aarti Industries) for raw-material security in some of its production lines. Six integrated manufacturing units across five locations in Western India, sited near ports for raw-material and export logistics, run backward-integrated, multi-use plants that tailor batch sizes and specifications to individual customers.

Segments

  • Chlorination
  • Hydrogenation
  • Ammonolysis
  • Acetylation, Sulphonation & Methoxylation
Total production capacity
70,000+ TPA
Manufacturing units
6 units across 5 locations (Sarigam, Jhagadia x2, Vapi, Tarapur, Ahmedabad)
Employees
900+
Zero Liquid Discharge plants
5
Chlorination capacity (Sarigam)
18,000 MTPA
Hydrogenation & Methoxylation capacity (Jhagadia Unit 1)
28,800 MTPA
Founded 1984Headquarters Mumbai, Maharashtra, IndiaEmployees 900 (FY26) Company website

Quarterly results

Q1 FY27: revenue up 13.7%, net profit up 175.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue160 187 204 204 157 −2%159 −15%218 +7%232 +14%
EBITDA2 15 21 25 21 +950%16 +7%26 +24%42 +68%
Net profit-11 5 4 8 6 +155%6 +20%15 +275%22 +175%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +5.0% 1Y

₹200₹250₹300₹350₹400Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹377.35 on 10 Sept 2025 → ₹396.3. High ₹396.3 (11 Sept 2026), low ₹197.64 (17 Mar 2026).

Financials, as filed

Revenue fell 6.8% a year over 3 years, FY23 to FY26. Operating margin narrowed to 11.9%.

Year endingFY23FY24FY25FY26
Revenue₹911 Cr₹677 Cr₹719 Cr₹738 Cr
Operating profit₹130 Cr₹39 Cr₹54 Cr₹88 Cr
Operating margin14.2%5.8%7.5%11.9%
Interest₹11 Cr₹19 Cr₹24 Cr₹18 Cr
Depreciation₹28 Cr₹34 Cr₹36 Cr₹39 Cr
Net profit₹75 Cr₹-4 Cr₹-2 Cr₹35 Cr
Net margin8.3%-0.6%-0.3%4.7%
Cash from operations₹183 Cr₹85 Cr₹59 Cr₹44 Cr
Free cash flow₹96 Cr₹20 Cr₹29 Cr₹11 Cr
ROCE12.0%1.0%3.0%6.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹27 Cr₹27 Cr₹27 Cr₹28 Cr₹28 Cr₹28 Cr
Reserves₹475 Cr₹576 Cr₹638 Cr₹637 Cr₹647 Cr₹669 Cr
Borrowings₹150 Cr₹306 Cr₹220 Cr₹216 Cr₹199 Cr₹219 Cr
Other liabilities₹154 Cr₹174 Cr₹220 Cr₹262 Cr₹187 Cr₹215 Cr
Total liabilities₹806 Cr₹1.1k Cr₹1.1k Cr₹1.1k Cr₹1.1k Cr₹1.1k Cr
Fixed assets₹478 Cr₹509 Cr₹610 Cr₹630 Cr₹695 Cr₹683 Cr
Capital work in progress₹46 Cr₹110 Cr₹70 Cr₹86 Cr₹9 Cr₹21 Cr
Investments₹42 Cr₹53 Cr₹53 Cr₹54 Cr₹64 Cr₹64 Cr
Other assets₹240 Cr₹410 Cr₹373 Cr₹371 Cr₹294 Cr₹364 Cr
Total assets₹806 Cr₹1.1k Cr₹1.1k Cr₹1.1k Cr₹1.1k Cr₹1.1k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

The ownership split has held steady since Jun 2025. The shareholder count shrank 9% to 40,526.

Promoters
37.9%
FIIs
0.2%
Public
61.9%

Since Jun 2025

  • Public +0.06 pp
  • Promoters −0.04 pp
  • FIIs 0.00 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 37.9%, FIIs 0.2%, DIIs 0.9%, Public 61.0%.Dec '23: Promoters 37.9%, FIIs 0.7%, DIIs 0.9%, Public 60.5%.Mar '24: Promoters 37.8%, FIIs 1.1%, DIIs 0.4%, Public 60.6%.Jun '24: Promoters 37.8%, FIIs 1.4%, DIIs 0.1%, Public 60.8%.Sep '24: Promoters 37.8%, FIIs 1.3%, DIIs 0.1%, Public 60.8%.Dec '24: Promoters 37.7%, FIIs 0.8%, Public 61.4%.Mar '25: Promoters 37.9%, FIIs 0.4%, Public 61.7%.Jun '25: Promoters 37.9%, FIIs 0.2%, Public 61.9%.Sep '25: Promoters 37.9%, FIIs 0.2%, Public 61.9%.Dec '25: Promoters 37.9%, FIIs 0.2%, Public 61.9%.Mar '26: Promoters 37.9%, FIIs 0.3%, Public 61.8%.Jun '26: Promoters 37.9%, FIIs 0.2%, Public 61.9%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Valiant Organics Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Nikhil Parimal Desai 9.16%unchanged
Jaya Chandrakant Gogri 8.24%unchanged
Arti Rajendra Gogri 7.05%unchanged
Manisha Rashesh Gogri 5.67%unchanged
Bhanumati Mohanlal Savla 3.18%unchanged
Dilesh Roadlines Pvt Ltd 2.85%unchanged
Mirik Rajendra Gogri 2.39%unchanged
Harsha Mahesh Savadia 2.30%unchanged
Bhaveshkumar Bachubhai Mehta 2.29%unchanged
TULIP FAMILY TRUST (Gloire Trusteeship Services Private Limited) 2.18%unchanged
Ujjwal Business Trust (Alabhya Trusteeship Private Limited) 2.14%unchanged
Meena Manoj Chheda 1.93%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Learn to analyse Valiant Organics Limited

Guides on how to read this kind of business and the numbers that matter.