Company Presentation for Exclusive Conference
Company Overview
Vipul Organics Limited is a vertically integrated color chemistry company with:
- 13 product categories and 2,400+ SKUs across pigments, dyes & intermediates
- 4 manufacturing sites in Maharashtra & Gujarat (Palghar, Tarapur, Ambernath, Sayakha)
- ISO 9001:2015 certified and Zero Liquid Discharge (ZLD) compliant facilities
- 55+ years of uninterrupted specialty color chemistry manufacturing
- Exporting to 56+ countries with limited single-market risk
- 68.64% promoter holding with 3rd generation leadership
Manufacturing Infrastructure
- Palghar Unit: World's largest producer of Blue B Base, ZLD facility
- Tarapur Unit: Manufactures pigment powders & pigment dispersions
- Ambernath Unit: Produces naphthols, pigment powders, pigment dispersions, reactive dyes, acid dyes & direct dyes
- Sayakha, Gujarat: High performance and organic pigments, world class membrane production
Financial Performance (FY 2025-26 vs FY 2024-25)
Standalone Results:
- Total Revenue: ₹17,539.57 lakhs vs ₹16,280.01 lakhs (▲7.74%)
- PBT: ₹954.92 lakhs vs ₹635.61 lakhs (▲50.24%)
- PAT: ₹691.96 lakhs vs ₹444.62 lakhs (▲55.63%)
- EPS: ₹3.84 vs ₹2.71 (▲41.70%)
Consolidated Results:
- Total Revenue: ₹17,539.57 lakhs vs ₹16,280.01 lakhs (▲7.74%)
- PBT: ₹953.18 lakhs vs ₹633.52 lakhs (▲50.44%)
- PAT: ₹690.22 lakhs vs ₹442.53 lakhs (▲55.99%)
- EPS: ₹3.84 vs ₹2.70 (▲42.22%)
Quarterly Performance (Q4 FY26 vs Q3 FY26)
Standalone QoQ:
- Total Revenue: ₹5,262.38 lakhs vs ₹4,637.57 lakhs (▲13.47%)
- PBT: ₹300.65 lakhs vs ₹252.20 lakhs (▲19.21%)
- PAT: ₹197.23 lakhs vs ₹185.55 lakhs (▲6.30%)
- EPS: ₹1.10 vs ₹1.10 (0.00%)
YoY Quarterly Comparison (Q4 FY26 vs Q4 FY25):
- Total Revenue: ₹5,262.38 lakhs vs ₹4,397.55 lakhs (▲19.67%)
- PBT: ₹300.65 lakhs vs ₹117.62 lakhs (▲155.60%)
- PAT: ₹197.23 lakhs vs ₹79.34 lakhs (▲148.59%)
- EPS: ₹1.10 vs ₹0.48 (▲129.17%)
Product Portfolio and Applications
Organic Pigments (SunONE): Textiles, Paint, Printing Ink, Plastic, Rubber, Artistic Colours, Agriculture for Seed Colouring, Detergent
Pigment Dispersions (SunPRINT, SunCOAT): Textiles, Paint and Coating, Latex, Wood Colouring, Artistic Colours/Crayons, Seed Colouring, Detergent, Ink
Acid Dyes (SunACID): Textiles, Leather, Fertilizer, Detergents, Coolant for Engines, Metal Anodization
Vat Dyes & Vat Paste (SunVAT): Cotton Yarn Dyeing
Basic Dyes (SunBASIC): Textiles, Ink, Petroleum, Agrochemical, Mosquito Coil, Paper
Reactive Dyes (SunACTIVE): Textile, Ink
Direct Dyes (SunDIRECT): Textiles, Leather, Paper
Food Colour & Lake Colours (SunLAKE): Packaging, Foodstuff, Pigments, Dyes Industry, Pharmaceuticals, Cosmetics, Plastics
Other Products: SurFAST (Textile, Pigment Dispersions), Herbal Extracts (Pharma, Nutraceuticals, Food industry)
New Business Verticals
Membranes & Water Treatment:
- Global membrane market: $7.41B (2025) → $11.48B (2033), CAGR 5.62%
- 3+ years R&D completed with in-house membrane development (previously imported)
- Critical for ZLD applications
- Led by PhD (UK) with 7+ years experience
- Exhibitions planned overseas & Mumbai in next 3 months
- India market represents ~5% of global, currently import-dependent
Water Treatment Solutions: Turnkey projects for Municipality, Industrial (STP, ETP), Civil Infrastructure
Adimem Brands:
- FLUXA Series – Spiral Wound membranes for MF, UF, NF, and RO
- TUBIONIQ Series – Tubular UF membranes
- ARISE Series – MBR membranes (Flat Sheet and Hollow Fiber)
- FYBRIN Series – Hollow Fibre UF membranes
Market Opportunity
- India contributes ~10% to global dyestuff market; capacity ~5 Million Tons
- Indian dyes, pigments & intermediates market: ~USD 17 Billion, growing at ~8% YoY
- Organic pigments dominate with ~44% share
- Maharashtra & Gujarat contribute ~90% of production
- Global market: $34B (2023) → $65B by 2030
- USA largest export market (~20%)
Strategic Expansion
- First commercial order fulfilled for newly developed organic intermediate for Automotive industry
- Approval process took over 18 months after initial trial shipment export
- Expected increasing demand establishing robust revenue stream from automotive sector
Certifications and Compliance
- OEKO-TEX ECO PASSPORT across pigment & reactive dye range
- REACH, GOTS & ZDHC Level 3 compliance providing access to premium EU/US markets
- ISO 45001:2018 & ISO 14001:2015 certifications
- Export House certified
Management Team
- Mr. Vipul Shah - Chairman & Managing Director
- Mr. Mihir Shah - Executive Director
- Dr. S. N. Sahai - Board Member
- Ms. Megha Bhati - Board Member
- Rupesh Aggarwal (CA) - Board Member