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Last Updated: April 2, 2026, 3:55 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 524200 | NSE: VINATIORGA

Vinati Organics Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹1,061.57Overvalued by 20.90%vs CMP ₹1,342.00

P/E (29.1) × ROE (15.8%) × BV (₹287.00) × DY (0.56%)

₹638.51Overvalued by 52.42%vs CMP ₹1,342.00
MoS: -110.2% (Negative)Confidence: 68/100 (Moderate)Models: All 9: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1,130.0122%Over (-15.8%)
Graham NumberEarnings₹545.6116%Over (-59.3%)
Earnings PowerEarnings₹321.7713%Over (-76%)
DCFCash Flow₹663.2213%Over (-50.6%)
Net Asset ValueAssets₹286.467%Over (-78.7%)
EV/EBITDAEnterprise₹773.149%Over (-42.4%)
Earnings YieldEarnings₹461.007%Over (-65.6%)
ROCE CapitalReturns₹491.999%Over (-63.3%)
Revenue MultipleRevenue₹325.235%Over (-75.8%)
Consensus (9 models)₹638.51100%Overvalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 6.4%

*Investments are subject to market risks

Investment Snapshot

69
Vinati Organics Ltd scores 69/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health83/100 · Strong
ROCE 20.6% ExcellentROE 15.8% GoodD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money65/100 · Strong
FII holding stable No changeDII holding up 0.63% MF buyingPromoter holding at 74.3% Stable
Earnings Quality50/100 · Moderate
OPM stable around 26% Steady
Quarterly Momentum68/100 · Strong
Revenue (4Q): +5% YoY GrowingProfit (4Q): +22% YoY Positive
Industry Rank75/100 · Strong
P/E 29.1 vs industry 29.1 In-lineROCE 20.6% vs industry 8.8% Above peersROE 15.8% vs industry 12.7% Above peers3Y sales CAGR: 12% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:55 am

Market Cap 13,914 Cr.
Current Price 1,342
Intrinsic Value₹638.51
High / Low 2,040/1,304
Stock P/E29.1
Book Value 287
Dividend Yield0.56 %
ROCE20.6 %
ROE15.8 %
Face Value 1.00
PEG Ratio4.51

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Vinati Organics Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Vinati Organics Ltd 13,914 Cr. 1,342 2,040/1,30429.1 2870.56 %20.6 %15.8 % 1.00
Hindustan Organic Chemicals Ltd 177 Cr. 26.3 42.5/21.0 1520.00 %5.20 %21.6 % 10.0
Seya Industries Ltd 26.9 Cr. 10.1 24.2/8.54 3090.00 %0.51 %0.77 % 10.0
Industry Average7,045.50 Cr459.4729.10249.330.19%8.77%12.72%7.00

All Competitor Stocks of Vinati Organics Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 517519439463448550525553522648542546529
Expenses 369372338358333400400419379465376368368
Operating Profit 148147100105115150125134143184166179161
OPM % 29%28%23%23%26%27%24%24%27%28%31%33%30%
Other Income 11121011910922767169
Interest 0111110000000
Depreciation 17171717191920212020212224
Profit before tax 1421429397103140114136129169151173145
Tax % 25%26%25%25%25%25%25%22%26%25%26%25%25%
Net Profit 1071056972771048610696128113129108
EPS in Rs 10.4010.186.757.057.4910.088.3010.249.2212.3110.8812.4510.46

Last Updated: February 3, 2026, 3:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 9:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 6967726316417301,1281,0299541,6162,0661,9002,2482,266
Expenses 5435804244235317036146011,1801,4931,4291,6621,577
Operating Profit 153192207218198425415353435573471587689
OPM % 22%25%33%34%27%38%40%37%27%28%25%26%30%
Other Income 99612313045266152394438
Interest 181083222123521
Depreciation 15181922232733434559738187
Profit before tax 129174187206203425425335449563432548639
Tax % 33%33%29%32%29%34%21%20%23%26%25%24%
Net Profit 86116132140144282334269347419323415478
EPS in Rs 8.7511.2212.7513.5914.0027.4832.4826.2033.7340.7831.1940.0546.10
Dividend Payout % 17%16%16%2%16%13%17%23%19%17%22%19%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)34.88%13.79%6.06%2.86%95.83%18.44%-19.46%29.00%20.75%-22.91%28.48%
Change in YoY Net Profit Growth (%)0.00%-21.09%-7.73%-3.20%92.98%-77.39%-37.90%48.46%-8.25%-43.66%51.39%

Vinati Organics Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:11%
5 Years:17%
3 Years:12%
TTM:14%
Compounded Profit Growth
10 Years:14%
5 Years:4%
3 Years:6%
TTM:30%
Stock Price CAGR
10 Years:22%
5 Years:12%
3 Years:-9%
1 Year:-9%
Return on Equity
10 Years:20%
5 Years:18%
3 Years:17%
Last Year:16%

Last Updated: September 5, 2025, 1:51 pm

Balance Sheet

Last Updated: March 3, 2026, 12:18 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 10101010101010101010101010
Reserves 3004245306707861,0411,2691,5331,8512,2032,4542,7962,960
Borrowings 16265422154022835563-0
Other Liabilities 80100104139168173163188260335358394350
Total Liabilities 5525996878219801,2281,4431,7342,1502,5842,8273,2633,320
Fixed Assets 3043273824684574757517578741,1591,3301,3821,341
CWIP 1020257351913155306229246298372
Investments 333621329622728998256237523776
Other Assets 2352492782843564654346338729401,0141,059831
Total Assets 5525996878219801,2281,4431,7342,1502,5842,8273,2633,320

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 131113167130138200416219127516338494
Cash from Investing Activity + -9-53-72-27-39-243-197-198-256-333-353-480
Cash from Financing Activity + -113-75-50-45-30-40-109-3-46-61-106-15
Net Cash Flow 9-16455970-8310918-175121-122-0
Free Cash Flow 10656913292-6279137-40216109308
CFO/OP 110%86%103%84%95%77%124%79%54%113%90%100%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-9.00127.00165.00216.00183.00421.00415.00351.00407.00538.00466.00524.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 606166808979721061028210296
Inventory Days 4144557979647911585797266
Days Payable 121728406137476252413643
Cash Conversion Cycle 898794119107106104158136120137119
Working Capital Days 45586011811311197138144109140107
ROCE %30%38%36%33%28%46%37%24%26%27%19%21%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 74.06%74.06%74.06%74.06%74.29%74.29%74.29%74.29%74.29%74.29%74.29%74.29%
FIIs 4.79%4.47%4.64%4.71%4.93%5.33%5.48%5.31%3.83%3.86%3.77%3.77%
DIIs 7.90%8.11%8.18%7.55%7.30%6.74%7.27%7.61%9.21%9.25%9.55%9.84%
Public 13.26%13.36%13.12%13.69%13.46%13.64%12.96%12.81%12.68%12.60%12.39%12.11%
No. of Shareholders 84,40490,93493,9891,07,0221,06,8941,00,36393,50889,44187,93385,96085,00581,874

Shareholding Pattern Chart

No. of Shareholders

Vinati Organics Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Aditya Birla Sun Life Flexi Cap Fund 1,448,618 0.85 213.251,439,3762026-03-11 12:53:070.64%
Canara Robeco Large and Mid Cap Fund 1,147,253 0.68 168.891,232,0482026-03-11 12:53:07-6.88%
ICICI Prudential Multi Asset Fund 905,926 0.16 133.36624,1652026-03-24 01:56:1045.14%
Aditya Birla Sun Life ELSS Tax Saver Fund 774,862 0.77 114.07N/AN/AN/A
Canara Robeco Flexi Cap Fund 718,956 0.79 105.84711,4562025-12-15 02:18:581.05%
HSBC Small Cap Fund 622,492 0.6 91.64N/AN/AN/A
Aditya Birla Sun Life Multi-Cap Fund 521,879 1.17 76.83N/AN/AN/A
Canara Robeco ELSS Tax Saver Fund 490,300 0.82 72.18215,3002025-11-03 10:07:01127.73%
Canara Robeco Equity Hybrid Fund 484,724 0.63 71.36338,0002025-11-03 10:07:0143.41%
Quant Small Cap Fund 362,211 0.19 53.32N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 39.0931.1544.5633.7226.20
Diluted EPS (Rs.) 39.0931.1544.5633.7226.20
Cash EPS (Rs.) 47.6238.1949.6138.1530.38
Book Value[Excl.RevalReserv]/Share (Rs.) 269.36221.98215.82177.85150.16
Book Value[Incl.RevalReserv]/Share (Rs.) 269.36221.98215.82177.85150.16
Revenue From Operations / Share (Rs.) 216.80183.28202.83157.1892.84
PBDIT / Share (Rs.) 60.2949.0564.9848.1636.81
PBIT / Share (Rs.) 51.7642.0259.9243.7332.64
PBT / Share (Rs.) 51.7041.6759.8643.7132.62
Net Profit / Share (Rs.) 39.0831.1544.5633.7226.20
NP After MI And SOA / Share (Rs.) 39.0831.1544.5633.7226.20
PBDIT Margin (%) 27.8126.7632.0330.6439.65
PBIT Margin (%) 23.8722.9229.5427.8235.15
PBT Margin (%) 23.8422.7329.5127.8035.13
Net Profit Margin (%) 18.0216.9921.9621.4528.22
NP After MI And SOA Margin (%) 18.0216.9921.9621.4528.22
Return on Networth / Equity (%) 14.5014.0320.6418.9617.44
Return on Capital Employeed (%) 18.0916.6126.4623.3820.61
Return On Assets (%) 12.3511.3717.9816.5815.53
Total Debt / Equity (X) 0.020.000.000.010.00
Asset Turnover Ratio (%) 0.730.700.890.840.60
Current Ratio (X) 3.314.534.524.646.15
Quick Ratio (X) 2.613.623.653.595.01
Inventory Turnover Ratio (X) 10.715.195.935.743.87
Dividend Payout Ratio (NP) (%) 17.9022.2714.5817.791.90
Dividend Payout Ratio (CP) (%) 14.6918.1713.1015.721.64
Earning Retention Ratio (%) 82.1077.7385.4282.2198.10
Cash Earning Retention Ratio (%) 85.3181.8386.9084.2898.36
Interest Coverage Ratio (X) 1202.37140.041064.811913.391785.59
Interest Coverage Ratio (Post Tax) (X) 780.3389.94731.191340.851271.98
Enterprise Value (Cr.) 16441.2315241.1218575.2120078.1814384.14
EV / Net Operating Revenue (X) 7.318.028.9112.4315.07
EV / EBITDA (X) 26.3029.9727.8140.5638.02
MarketCap / Net Operating Revenue (X) 7.298.038.9212.4215.08
Retention Ratios (%) 82.0977.7285.4182.2098.09
Price / BV (X) 5.866.638.3810.989.32
Price / Net Operating Revenue (X) 7.298.038.9212.4215.08
EarningsYield 0.020.020.020.010.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Vinati Organics Ltd. is a Public Limited Listed company incorporated on 15/06/1989 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L24116MH1989PLC052224 and registration number is 052224. Currently Company is involved in the business activities of Manufacture of organic and inorganic chemical compounds. Company's Total Operating Revenue is Rs. 2248.10 Cr. and Equity Capital is Rs. 10.37 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Chemicals - Organic - Benzene BasedB-12 & B-13/1, MIDC Industrial Area, Raigad District Maharashtra 402309Contact not found
Management
NamePosition Held
Mr. Vinod SarafChairman
Ms. Vinati Saraf MutrejaManaging Director & CEO
Mr. Amit ThanawalaWhole Time Director
Prof. M Lakshmi KantamIndependent Director
Mr. J C LaddhaIndependent Director
Ms. Viral Saraf MittalDirector - Corporate Strategy
Mrs. Mona BhideIndependent Director
Dr. Prashant BarveIndependent Director

FAQ

What is the intrinsic value of Vinati Organics Ltd and is it undervalued?

As of 18 April 2026, Vinati Organics Ltd's intrinsic value is ₹638.51, which is 52.42% lower than the current market price of ₹1,342.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (15.8 %), book value (₹287), dividend yield (0.56 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Vinati Organics Ltd?

Vinati Organics Ltd is trading at ₹1,342.00 as of 18 April 2026, with a FY2026-2027 high of ₹2,040 and low of ₹1,304. The stock is currently near its 52-week low. Market cap stands at ₹13,914 Cr..

How does Vinati Organics Ltd's P/E ratio compare to its industry?

Vinati Organics Ltd has a P/E ratio of 29.1, which is below the industry average of 29.10. This is broadly in line with or below the industry average.

Is Vinati Organics Ltd financially healthy?

Key indicators for Vinati Organics Ltd: ROCE of 20.6 % indicates efficient capital utilization; ROE of 15.8 % shows strong shareholder returns. Dividend yield is 0.56 %.

Is Vinati Organics Ltd profitable and how is the profit trend?

Vinati Organics Ltd reported a net profit of ₹415 Cr in Mar 2025 on revenue of ₹2,248 Cr. Compared to ₹347 Cr in Mar 2022, the net profit shows an improving trend.

Does Vinati Organics Ltd pay dividends?

Vinati Organics Ltd has a dividend yield of 0.56 % at the current price of ₹1,342.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Vinati Organics Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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