VIPULORG
Vipul Organics financials
- Market cap
- ₹372 Cr
Quarterly results
Q1 FY27: revenue up 37.7%, net profit up 99.2% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 39 | 41 | 44 | 38 | 39 +0% | 46 +11% | 52 +18% | 52 +38% |
| EBITDA | 4 | 4 | 4 | 4 | 4 +18% | 4 +12% | 5 +28% | 5 +32% |
| Net profit | 1 | 1 | 1 | 1 | 2 +71% | 2 +28% | 2 +154% | 3 +99% |
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 +37.1% 1Y
1Y: ₹196.95 on 10 Sept 2025 → ₹270. High ₹286.75 (9 Jun 2026), low ₹159.4 (30 Mar 2026).
Financials, as filed
Revenue grew 8.1% a year over 2 years, FY24 to FY26. Operating margin widened to 9.8%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹150 Cr | ₹163 Cr | ₹175 Cr |
| Operating profit | ₹12 Cr | ₹15 Cr | ₹17 Cr |
| Operating margin | 7.8% | 8.9% | 9.8% |
| Interest | ₹2 Cr | ₹3 Cr | ₹2 Cr |
| Depreciation | ₹6 Cr | ₹6 Cr | ₹6 Cr |
| Net profit | ₹3 Cr | ₹4 Cr | ₹7 Cr |
| Net margin | 2.3% | 2.7% | 3.9% |
| Cash from operations | ₹5 Cr | ₹1 Cr | ₹11 Cr |
| Free cash flow | ₹-2 Cr | ₹-15 Cr | ₹-24 Cr |
| ROCE | 8.0% | 9.0% | 8.0% |
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 ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹10 Cr | ₹10 Cr | ₹13 Cr | ₹13 Cr | ₹18 Cr | ₹19 Cr |
| Reserves | ₹29 Cr | ₹42 Cr | ₹40 Cr | ₹45 Cr | ₹68 Cr | ₹98 Cr |
| Borrowings | ₹30 Cr | ₹30 Cr | ₹31 Cr | ₹30 Cr | ₹60 Cr | ₹53 Cr |
| Other liabilities | ₹39 Cr | ₹44 Cr | ₹40 Cr | ₹48 Cr | ₹49 Cr | ₹61 Cr |
| Total liabilities | ₹107 Cr | ₹127 Cr | ₹124 Cr | ₹136 Cr | ₹194 Cr | ₹231 Cr |
| Fixed assets | ₹29 Cr | ₹36 Cr | ₹35 Cr | ₹32 Cr | ₹37 Cr | ₹37 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹5 Cr | ₹21 Cr | ₹39 Cr |
| Investments | ₹1 Cr | ₹1 Cr | ₹0 Cr | ₹1 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹77 Cr | ₹90 Cr | ₹88 Cr | ₹98 Cr | ₹136 Cr | ₹154 Cr |
| Total assets | ₹107 Cr | ₹127 Cr | ₹124 Cr | ₹136 Cr | ₹194 Cr | ₹231 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
Since Jun 2025, the public added +4.78 pp while promoters trimmed −4.70 pp. The shareholder count shrank 11% to 6,408.
- Promoters
- 63.9%
- FIIs
- 0.1%
- Public
- 36.0%
Since Jun 2025
- Public +4.78 pp
- Promoters −4.70 pp
- FIIs −0.09 pp
How it drifted, 12 quarters
Over this window promoters fell from 66.4% to 63.9% — −2.5 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 66.4%, Public 33.6%.Dec '23: Promoters 66.8%, FIIs 0.3%, Government 1.0%, Public 32.0%.Mar '24: Promoters 67.0%, FIIs 0.5%, Public 32.5%.Jun '24: Promoters 67.0%, FIIs 0.5%, Public 32.5%.Sep '24: Promoters 67.4%, FIIs 0.2%, Public 32.4%.Dec '24: Promoters 67.8%, FIIs 0.2%, Public 32.0%.Mar '25: Promoters 67.8%, FIIs 0.2%, Public 32.0%.Jun '25: Promoters 68.6%, FIIs 0.2%, Public 31.2%.Sep '25: Promoters 68.6%, FIIs 0.2%, Public 31.2%.Dec '25: Promoters 68.6%, FIIs 0.2%, Public 31.2%.Mar '26: Promoters 63.9%, FIIs 0.2%, Public 35.9%.Jun '26: Promoters 63.9%, FIIs 0.1%, Public 36.0%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Vipul Organics Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Vipul Pravinchandra Shah | 24.68% | unchanged |
| Mihir Vipul Shah | 16.56% | unchanged |
| Vatsal Vipul Shah | 12.80% | unchanged |
| Mita Vipul Shah | 6.41% | unchanged |
| Mehul Madhusudan Shah | 3.15% | unchanged |
| Jagdish N Master | 2.49% | unchanged |
| Vipul P Shah | 2.19% | unchanged |
| Dr Ramesh Chimanlal Shah | 1.64% | unchanged |
| Kishor Punamchand Ostwal | 1.57% | unchanged |
| Basant Singhatwadia | 1.39% | unchanged |
| Jvs Holdings Llp | 1.26% | unchanged |
| Niti Mehul Shah | 1.05% | 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 Vipul Organics Limited
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