Vinyl Chemicals (I) Q2 FY27 Share Price & Earnings Call Analysis

₹235.91-0.03% today
Market cap
₹433 Cr
P/E
15.91
ROE
9.80%
PEG
-0.56
Price to sales
0.65
Debt to equity
0.00
52W high / low
₹289 / ₹165
Sales growth (5Y)
10.05%
EBITDA margin
3.88%
Net profit margin
1.93%
Promoter holding
50.41%
Sales (last year)
₹668 Cr

Incorporated in 1986, Vinyl Chemicals (India) Ltd is in the business of dealing in chemicals, mainly Vinyl Acetate Monomer (VAM)[1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Chemicals & Petrochemicals
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Chemicals & Petrochemicals companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 0–2%₹234 Cr3.0
240%+Flat₹3,888 Cr48.5
340%+Flat₹3,514 Cr4.3
440%+Flat₹180 Cr11.9
540%+Flat₹138 Cr15.1
620–40%Up 2%+₹1.70L Cr85.4

Financials of Vinyl Chemicals

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Vinyl Chemicals

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +50.41%50.41%50.41%50.41%50.41%50.41%50.42%50.41%50.41%50.41%50.41%50.41%
FIIs +0.00%0.09%0.00%0.04%0.01%0.00%0.00%0.00%0.00%0.02%0.00%0.00%
DIIs +0.00%0.00%0.00%0.00%0.02%0.02%0.02%0.02%0.02%0.02%0.05%0.05%
Public +49.57%49.49%49.57%49.55%49.55%49.56%49.57%49.57%49.55%49.55%49.52%49.53%
No. of Shareholders45,81944,46044,25543,08342,33841,92441,22740,75639,68438,83138,66737,678

Financials of Vinyl Chemicals

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +154159168156150146173151152169180100219
Expenses +15015016015014414316314914916617797202
Operating Profit599664102343317
OPM %2.9%6%5%3.8%4.0%2.5%6%1.3%1.8%2.2%1.6%2.7%8%
Other Income +112113041236-1
Interest0000000000000
Depreciation0000000000000
Profit before tax5910777106466915
Tax %27%26%27%27%26%24%28%26%26%26%24%26%25%
Net Profit +47855574355711
EPS in Rs2.123.784.112.682.802.733.962.431.572.462.543.616.22

Financials of Vinyl Chemicals

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +4423352933754833724048651,013597625652668
Expenses +424326283361469366389821966572600639642
Operating Profit18991414615444725261326
OPM %4.0%2.8%3.2%3.8%2.8%1.7%3.7%5%4.6%4.2%4.1%2.0%3.9%
Other Income +13441402245911
Interest0000000010000
Depreciation0000000000000
Profit before tax19121318141015474830302236
Tax %34%35%35%36%37%25%26%25%25%26%27%26%
Net Profit +1289129711353622221627
EPS in Rs6.734.364.766.364.834.076.1919.0119.4411.9112.188.9914.83
Dividend Payout %22%34%38%38%50%59%60%52%51%57%57%78%

Financials of Vinyl Chemicals

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital2222222222222
Reserves3341465457596694111115125128134
Borrowings +0000000100000
Other Liabilities +69805611584942006562188135103150
Total Liabilities104123104171144156269162176305262233285
Fixed Assets +0000000011111
CWIP0000000000000
Investments945393424755784057685220
Other Assets +95786613714110821484135247193180265
Total Assets104123104171144156269162176305262233285

Financials of Vinyl Chemicals

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +034-7-3-21511117-203624-16
Cash from Investing Activity +-3-3310834-44-6-2140-14-621
Cash from Financing Activity +-2-3-3-4-5-5-4-7-19-18-12-13
Net Cash Flow-4-2-01720-11145-8
Free Cash Flow034-7-3-21511117-213624-16
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit39%409%-23%22%-116%883%92%57%-20%164%115%-77%

Financials of Vinyl Chemicals

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days405457754845100511656169
Inventory Days332923575350702433783919
Days Payable538869116639518826221187856
Cash Conversion Cycle20-5111739-1-17322252332
Working Capital Days19-410193622726322737
ROCE %57%24%21%30%24%14%23%55%44%22%22%15%

What Vinyl Chemicals's management said in earlier quarters

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