Is Vinati Organics a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Vinati Organics Ltd is a average quality company .

Is Vinati Organics undervalued or overvalued?

The key valuation ratios of Vinati Organics Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is Vinati Organics share price return in the past 10 years?

Vinati Organics Ltd share price has appreciated 24.2% annually (CAGR) over the past ten years.

Is Vinati Organics a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Vinati Organics Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Vinati Organics Ltd - Stock Valuation and Financial Performance

Name: Vinati Organics
Brand: Vinati Organics

BSE: 524200 | NSE: VINATIORGA | Chemicals | Small Cap

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Vinati Organics Share Price

₹1,864.75 -73.00 -3.77%
as on 04-Nov'24 15:31

10 Year X-Ray of Vinati Organics:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	0%	0%	0%	0%	0%	33.3%	23.8%	26.6%	27.7%	18.5%	-
Value Creation Index ⓘ	NA	NA	NA	NA	NA	1.5	0.8	1.0	1.1	0.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	0	0	0	0	0	1,029	954	1,616	2,066	1,900	1,971
Sales YoY Gr.	-	NA	NA	NA	NA	NA	-7.3%	69.3%	27.9%	-8.1%	-
Adj EPS ⓘ	0	0	0	0	0	31	25.4	31.4	37.9	29.4	33.7
YoY Gr.	-	NA	NA	NA	NA	NA	-17.9%	23.5%	20.7%	-22.5%	-
BVPS (₹) ⓘ	0	0	0	0	0	124.5	150.2	177.9	199.7	222	230.1
Adj Net Profit ⓘ	0	0	0	0	0	318	261	323	389	304	350
Cash Flow from Ops. ⓘ	0	0	0	0	0	416	219	127	515	332	-
Debt/CF from Ops. ⓘ	0	0	0	0	0	0	0	0.2	0.1	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	NA	25.8%	-8.1%
Adj EPS ⓘ	NA	NA	5%	-22.5%
BVPSⓘ	NA	NA	13.9%	11.2%
Share Price	24.2%	11.2%	-2.8%	8%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	24.9	18.5	19.1	19.3	13	14.9
Op. Profit Mgn % ⓘ	40.3	37	27	27.8	24.8	25.4
Net Profit Mgn % ⓘ	30.9	27.4	20	18.8	16	17.7
Debt to Equity ⓘ	0	0	0	0	0	-
Working Cap Days ⓘ	0	192	191	177	189	87
Cash Conv. Cycle ⓘ	0	99	91	91	110	69

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 25.80%

Return on Equity has declined versus last 3 years average to 14.90%

Net Profit has been subdued in last 3 years 4.95%

Sales growth is not so good in last 4 quarters at -2.14%

Latest Financials - Vinati Organics Ltd.

	Standalone	Consolidated
TTM EPS (₹)	33.9	33.7
TTM Sales (₹ Cr.)	1,971	1,971
BVPS (₹.) ⓘ	246	230.1
Reserves (₹ Cr.) ⓘ	2,540	2,375
P/BV ⓘ	7.85	8.39
PE ⓘ	56.93	57.30

From the Market
52 Week Low / High (₹)	1462.70 / 2331.05
All Time Low / High (₹)	0.13 / 2372.95
Market Cap (₹ Cr.)	20,020
Equity (₹ Cr.)	10.4
Face Value (₹)	1
Industry PE ⓘ	57.6

Management X-Ray of Vinati Organics:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

0.66

0.84

* Pledged shares as % of Promoter's holding (%)

Valuation of Vinati Organics

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Vinati Organics

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	1,029	954	1,616	2,066	1,900
Operating Expenses ⓘ	614	601	1,180	1,493	1,429
Manufacturing Costs	103	116	206	280	244
Material Costs	429	388	861	1,074	1,011
Employee Cost	64	73	84	100	119
Other Costs ⓘ	18	25	30	39	55
Operating Profit ⓘ	415	353	435	573	471
Operating Profit Margin (%)	40.3%	37.0%	27.0%	27.7%	24.8%
Other Income ⓘ	45	26	61	52	39
Interest ⓘ	2	1	2	3	5
Depreciation ⓘ	33	43	45	59	73
Exceptional Items ⓘ	0	0	0	0	0
Profit Before Tax ⓘ	425	335	449	563	432
Tax ⓘ	91	66	103	144	109
Profit After Tax	334	269	347	419	323
PAT Margin (%)	32.4%	28.2%	21.5%	20.3%	17.0%
Adjusted EPS (₹)	32.5	26.2	33.7	40.8	31.2
Dividend Payout Ratio (%)	17%	23%	19%	17%	22%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	1,279	1,543	1,828	2,053	2,301
Share Capital ⓘ	10	10	10	10	10
Reserves ⓘ	1,269	1,533	1,818	2,042	2,291
Minority Interest	0	0	0	0	0
Debt	0	2	18	35	5
Long Term Debt	0	0	0	10	0
Short Term Debt	0	2	18	25	5
Trade Payables	56	67	109	121	101
Others Liabilities ⓘ	108	122	134	374	433
Total Liabilities ⓘ	1,443	1,734	2,090	2,584	2,840
Fixed Assets
Gross Block	856	905	1,067	1,412	1,814
Accumulated Depreciation	106	148	194	253	325
Net Fixed Assetsⓘ	751	757	873	1,159	1,489
CWIP ⓘ	31	56	51	242	249
Investmentsⓘ	227	289	94	227	64
Inventories	93	122	176	233	199
Trade Receivables	202	277	458	464	530
Cash Equivalents	54	7	4	13	13
Others Assetsⓘ	85	227	433	245	297
Total Assets ⓘ	1,443	1,734	2,090	2,584	2,840

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	416	219	127	515	332
PBT ⓘ	425	335	449	563	432
Adjustment ⓘ	11	30	12	59	61
Changes in Working Capital ⓘ	81	-85	-226	24	-74
Tax Paid ⓘ	-101	-61	-108	-131	-87
Cash Flow From Investing Activity ⓘ	-197	-198	-255	-329	-348
Capex	-309	-49	-162	-343	-403
Net Investments	-67	13	36	-17	40
Others ⓘ	179	-162	-129	31	15
Cash Flow From Financing Activityⓘ	-109	-3	-47	-62	-108
Net Proceeds from Shares ⓘ	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	-10
Interest Paid ⓘ	-1	0	0	-1	-4
Dividend Paid ⓘ	-105	-6	-62	-67	-72
Others ⓘ	-3	3	16	6	-22
Net Cash Flow ⓘ	109	18	-175	124	-125

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	26.09	19.08	20.56	21.6	14.84
ROCE (%)	33.34	23.8	26.59	27.67	18.54
Asset Turnover Ratio	0.71	0.6	0.84	0.89	0.7
PAT to CFO Conversion(x)	1.25	0.81	0.37	1.23	1.03
Working Capital Days
Receivable Days	72	92	83	81	95
Inventory Days	33	41	34	36	41
Payable Days	47	56	36	38	39

Vinati Organics Ltd Stock News

Vinati Organics Ltd FAQs

What is the share price of Vinati Organics?

Company share prices are keep on changing according to the market conditions. The closing price of Vinati Organics on 04-Nov-2024 15:31 is ₹1,864.8.

What is the market cap of Vinati Organics?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Nov-2024 15:31 the market cap of Vinati Organics stood at ₹20,019.9.

What is the P/E ratio of Vinati Organics?

The latest P/E ratio of Vinati Organics as of 04-Nov-2024 15:31 is 56.93.

What is the P/B ratio of Vinati Organics?

The latest P/B ratio of Vinati Organics as of 04-Nov-2024 15:31 is 7.85.

What is the 52-week high and low of Vinati Organics?

The 52-week high of Vinati Organics is ₹2,331.1 and the 52-week low is ₹1,462.7.

What is the TTM revenue of Vinati Organics?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Vinati Organics is ₹1,971 ( Cr.) .

About Vinati Organics Ltd

Vinati Organics Ltd. (VOL) was established in 1989. It is a specialty chemical company, focusing on manufacturing specialty chemicals and organic intermediaries. It combines innovation with chemistry to deliver value-added products to its customers. It follows the highest quality standards and its products meet diverse customer expectations.

Business area of the company

The company is a specialty chemical company, manufacturing specialty chemicals and organic intermediaries. With two state-of-the-art manufacturing units in Maharashtra, VOL is a leading producer of two major products - Isobutyl Benzene (IBB) and 2-Acrylamido 2 Methylpropane Sulfonic Acid (ATBS). The Company’s zeal to combine innovation with chemistry enables it to deliver superior quality products to its diverse client base. Vinati Organics has successfully established a strong foothold across the globe, with its products reaching out to customers in many countries.

Products of the company

Isobutyl Benzene (IBB)
2-Acrylamido 2 Methylpropane Sulfonic Acid (ATBS)
Isobutylene (IB)
High Purity- Methyl Tertiary Butyl Ether (HPMTBE)
N-Tertiary Butyl Acrylamide (TBA)
N-Tertiary Octyl Acrylamide (TOA)

Awards/ recognition

Mahad Works ISO Certificate
Ote Works ISO Certificate
National Safety Award
Maharashtra State Export Award
Worlds’ largest producer and supplier of IBB with global product presence IBB is presently being used and appreciated by all manufactures of Ibuprofen in the world including the founder manufacturer of Ibuprofen i.e. M/s. Knoll Pharmaceuticals of UK and BASF Corporation of USA.
World’s third biggest and fastest growing supplier of ATBS and related products. Presently exporting ATBS to Europe, Americas and Asia.
Presently being used and appreciated by all manufactures of Ibuprofen in India. Its quality is also internationally acclaimed and appreciated by the founder manufacturer of Ibuprofen i.e. Knoll Pharmaceuticals of UK and BASF Corporation of USA.
The Company was awarded the ‘Supplier of the Year’ (FY 2014-15) by BASF
VOL was ranked among the ‘Fastest Growing Companies’ in India Outlook Business in May 2014.
In the FE CFO of the Year Awards 2019, VOL was adjudged winner in the Large Enterprises - Manufacturing Category.
VOL was declared STAR SME of the Year by the Business Standard Annual Awards 2019.
VOL adjudged Company of the Year in Chemicals by FICCI Chemicals and Petrochemicals Awards 2019.
VOL was named the Most Promising Company of the Year by CNBC-TV18 IBLA 2020.

Milestones

1989: Vinati Organics Limited (VOL) established
1992: Isobutylbenzene (IBB) plant comes onstream with 1200 MTA production capacity
1996: IBB capacity expansion to 3000 MTA
1997: IBB capacity expansion to 5000 MTA
2002: ATBS plant onstream with 1000 MTA production capacity
2006: IBB capacity expansion to 10,000 MTA. ATBS capacity expansion to 3600 MTA
2007: Started n-tertiary Butylacrylamide (TBA) production
2008: IBB capacity expansion to 14,000 MTA
2009: ATBS capacity expansion to 12000 MTA. TBA capacity expansion to 500 MTA
2010: VOL listed amongst Forbes Asia's 200 Best Under A Billion companies.VOL ranked amongst the Top 10 Fastest Growing Companies in India for 2009 by The Economic Times.2011: VOL listed amongst Forbes Asia's 200 Best Under A Billion companies.
2011: Credit rating agency, ICRA has suspended LBBB+ rating assigned to Rs 61.3 crore term loans and Rs 30.0 crore cash credit facilities, and, A2 rating to Rs 11 crore bank guarantees' and Rs 10 crore letter of credit facilities of Vinati Organics.
2013: Credit rating agency, CARE has reaffirmed 'A-' rating to Vinati Organics' long term bank facilities (Term loan) worth Rs 145.29 crore and 'A2+' rating to company's Short term Bank Facilities (Non-fund based facilities) worth Rs 32.13 crore.
2015: Vinati Organics entered into long term tripartite agreement with USA & Japan based chemical companies for supply of a customized product.
2017: Vinati Organics expand IsoButyl Benzene (IBB) capacity to 25000 MT at its Mahad facility in order to meet the strong demand outlook for the product.
2020: Vinati Organics has subscribed to the Memorandum & Articles of Associations to the extent of 99% of the Share Capital of Veeral Organics, which has been incorporated under the Indian Companies Act, 2013 on October 5, 2020.