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    Vinati Organics Limited

    World's largest ATBS/IBB maker; India's only TBA, TB Amine & Butyl Phenols maker, from 4 Maharashtra plants.

    Chemicals
    Commodities
    View VINATIORGA earnings calls
    ₹1,320.8
    -0.75% from avg

    Overview

    Price

    ₹1,320.8

    Market Cap

    ₹13.5k Cr

    Sector

    Chemicals

    Commodities

    Rank

    4

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital1010101010101010
    Reserves1.3k1.5k1.9k2.2k2.5k2.8k3.0k3.2k
    Borrowings02283556300
    Other Liabilities163188260335358394350405
    Total Liabilities1.4k1.7k2.1k2.6k2.8k3.3k3.3k3.6k
    AssetsFixed Assets7517578741.2k1.3k1.4k1.3k1.6k
    CWIP3155306229246298372126
    Investments22728998256237523776937
    Other Assets4346338729401.0k1.1k831946
    Total Assets1.4k1.7k2.1k2.6k2.8k3.3k3.3k3.6k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating200416219127516338494628
    Cash from Investing-243-197-198-256-333-353-480-485
    Cash from Financing-40-109-3-46-61-106-15-141
    SummaryCapital Expenditure
    Free Cash Flow-6279137-40216109308491
    FCF Margin

    Valuation

    Assumptions

    Current — VINATIORGA
    Price
    ₹1,321
    EPS (TTM)
    ₹47.05
    PE (TTM)
    28.1
    Profit growth
    4.4%

    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 (46.9×) and current (28.1×) 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
    ₹1,321
    vs
    Fair value · 15% return
    ₹685
    48%Overvalued

    At 4.4% growth and a 28× exit, ₹1321 only delivers your return if you pay ₹685. The price is currently baking in 18% growth.

    EPS grows 4.4%/yr for 5 years, then fades to 6% over 2, exits at 28×.

    YearGrowthEPS (₹)
    FY274.4%49.12
    FY284.4%51.28
    FY294.4%53.54
    FY304.4%55.89
    FY314.4%58.35
    FY325.2% ·fade61.39
    FY336.0% ·fade65.07

    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.

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