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    Vinyl Chemicals (India) Limited

    Mumbai-based chemical trading company that imports and distributes Vinyl Acetate Monomer (VAM), supplying it mainly to promoter Pidilite Industries Limited.

    Chemicals
    Commodities

    Overview

    Price

    Market Cap

    ₹445 Cr

    Sector

    Chemicals

    Commodities

    Rank

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital22222222
    Reserves596694111115125119128
    Borrowings00100000
    Other Liabilities94200656218813586103
    Total Liabilities156269162176305262207233
    AssetsFixed Assets00011111
    CWIP00000000
    Investments475578405768052
    Other Assets10821484135247193206180
    Total Assets156269162176305262207233

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating-21511117-203624-16
    Cash from Investing34-44-6-2140-14-621
    Cash from Financing-5-5-4-7-19-18-12-13
    SummaryCapital Expenditure
    Free Cash Flow-21511117-213624-16
    FCF Margin

    Valuation

    Assumptions

    Current — VINYLINDIA
    Price
    ₹246
    EPS (TTM)
    ₹7.40
    PE (TTM)
    33.3
    Profit growth
    -24.7%

    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 (30.2×) and current (33.3×) 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
    ₹246
    vs
    Fair value · 15% return
    ₹19
    92%Overvalued

    At -24.7% growth and a 30× exit, ₹246 only delivers your return if you pay ₹19. The price is currently baking in 20% growth.

    EPS grows -24.7%/yr for 5 years, then fades to 6% over 2, exits at 30×.

    YearGrowthEPS (₹)
    FY27-24.7%5.57
    FY28-24.7%4.20
    FY29-24.7%3.16
    FY30-24.7%2.38
    FY31-24.7%1.79
    FY32-9.3% ·fade1.62
    FY336.0% ·fade1.72

    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 Vinyl Chemicals (India) Limited

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