About VSCL
VSCL is a publicly listed company based in Mumbai (India) founded in 2018. It manufactures organic intermediates, personal care ingredients, speciality chemicals, and APIs. It operates on a B2B and Custom Synthesis model in Consumer and Chemicals & Materials sectors. The company has 70 employees. Its Indian entity Vadivarhe Speciality Chemicals Limited reported revenue of ₹46.73 Cr. VSCL offers products and services including Intermediates, Personal Care Ingredients, Speciality Chemicals, and API. Its focus areas include Chemicals, Personal Care, Ingredients and Cosmetic Raw Materials.
Company details
Vadivarhe Speciality Chemicals Ltd produces high-quality organic chemicals, focusing on intermediates, personal care products, speciality chemicals, and active pharmaceutical ingredients. The company emphasizes research, development, and GMP-compliant manufacturing processes. Based in Maharashtra, India, it supplies to manufacturers worldwide, ensuring global compliance and custom synthesis. Key strengths include chemical process development and analytical support, serving clients in various industries.
- Headquarters Mumbai, India
- Employees 70
- Stage Public
- SectorsConsumerChemicals & Materials
- Email••••••••
- Website vscl.in
- Legal Name Vadivarhe Speciality Chemicals Ltd.
- Market Cap₹37.35 Cr
VSCL-SM · NSE
- Share Price₹24.50
-1.61% today
- Revenue₹45.78 Cr
FY 2025-26 · +20.8% YoY
- EBITDA₹0.76 Cr
Margin 1.7%
- Net Profit−₹1.88 Cr
FY 2025-26 · +79.5% YoY
- Employee Count70
Associated legal entities of VSCL
VSCL operates through Vadivarhe Speciality Chemicals Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Vadivarhe Speciality Chemicals Limited Listed CIN L24100MH2009PLC190516 | Active | 23 Feb 2009 | Igatpuri, Maharashtra | ₹46.7 Cr | 70 | 7 | View details |
Products & Services of VSCL
VSCL offers a comprehensive portfolio of products and services, including Intermediates, Personal Care Ingredients, Speciality Chemicals, and API.
Produces organic intermediates for various industrial applications.
Supplies raw materials for personal and skin care products.
Offers high-quality speciality chemicals for diverse uses.
Manufactures active pharmaceutical ingredients for global markets.
Board of directors of Vadivarhe Speciality Chemicals Limited (VSCL)
Vadivarhe Speciality Chemicals Limited is the primary company behind VSCL. The board of Vadivarhe Speciality Chemicals Limited currently have 5 directors; the longest-serving is Meena Sunil Pophale, appointed in 2009. 16 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Meena Sunil Pophale DIN 00834085 | Whole-time director | 23 Feb 2009 | 17 yrs 7 mo | Vadivarhe Speciality Chemicals Limited |
| Sunil Haripant Pophale DIN 00064412 | Director | 23 Feb 2009 | 17 yrs 7 mo | Vadivarhe Speciality Chemicals Limited |
| Ravindra Keshav Paranjpe DIN 06816384 | Director | 02 May 2017 | 9 yrs 5 mo | Vadivarhe Speciality Chemicals Limited |
| Prasanna Prabhakar Rege DIN 02795136 | Director | 02 May 2017 | 9 yrs 5 mo | Vadivarhe Speciality Chemicals Limited |
| Uttara Adwait Kher DIN 07805920 | Director | 02 May 2017 | 9 yrs 5 mo | Vadivarhe Speciality Chemicals Limited |
IPO & Listings of VSCL
VSCL is a publicly listed company on the NSE with ticker symbol VSCL in India, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date02 Jun 2017
- Listed onNSE: VSCL
- Listed entityVadivarhe Speciality Chemicals Ltd.
- Exchange sectorProcess industries
- ISININE551Q01028
- Share price₹20.60 (+4.83% on the day) · 2026-10-12
- Market capitalisation₹30.9 Cr
- Volume (last session)3,000
Financials of VSCL
Exchange-reported figures of Vadivarhe Speciality Chemicals Limited, the listed company behind VSCL (NSE: VSCL-SM).
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 45.78 | 37.91 | 40.08 | 43.68 | 21.45 | 26.47 | 28.58 |
| Revenue growth | +20.8% | -5.4% | -8.2% | +103.6% | -19.0% | -7.4% | - |
| EBITDA | 0.76 | (6.02) | 4.57 | 3.45 | (6.80) | (0.54) | (9.23) |
| EBITDA margin | +1.7% | -15.9% | +11.4% | +7.9% | -31.7% | -2.0% | -32.3% |
| Profit before tax | (1.63) | (9.26) | 1.49 | 1.15 | (9.61) | (2.59) | (11.97) |
| Net profit | (1.88) | (9.18) | 0.06 | 0.79 | (9.86) | (3.51) | (9.95) |
| Net profit margin | -4.1% | -24.2% | +0.2% | +1.8% | -46.0% | -13.3% | -34.8% |
| EPS (₹) | (1.28) | (7.25) | 0.05 | 0.90 | (7.52) | (2.16) | (7.70) |
| Balance sheet | |||||||
| Total assets | 27.85 | 33.72 | 33.13 | 33.78 | 30.37 | 38.93 | 37.99 |
| Net worth | (4.42) | (2.78) | 6.49 | 6.42 | 5.28 | 14.89 | 17.65 |
| Total debt | 31.77 | 36.03 | 26.18 | 26.94 | 24.42 | 23.45 | 19.67 |
| Cash & bank | 0.69 | 0.57 | 0.52 | 0.81 | 0.80 | 0.98 | 0.66 |
| Net working capital | 6.25 | 10.90 | 9.53 | 7.52 | 3.02 | 10.70 | 7.69 |
| Cash flow | |||||||
| Cash from operations | 6.36 | (7.15) | 2.26 | (0.35) | 1.24 | (0.28) | 4.10 |
| Cash from investing | (0.63) | (1.32) | (0.51) | (0.69) | (0.82) | 0.02 | (1.68) |
| Cash from financing | (5.61) | 8.53 | (2.04) | 1.05 | (0.60) | 0.58 | (2.34) |
| Particulars | Mar 2022 | Dec 2021 | Sep 2021 | Jun 2021 | Mar 2021 | Dec 2020 | Sep 2020 | Jun 2020 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5.92 | 5.71 | 5.59 | 4.23 | 8.24 | 4.37 | 6.49 | 7.37 |
| Revenue growth (YoY) | -28.2% | +30.7% | -13.9% | -42.6% | +17.2% | - | - | - |
| Other income | 0.04 | 0.30 | 0.29 | 0.04 | 0.11 | 0.07 | 0.89 | 0.01 |
| Total expenses | 7.88 | 8.09 | 7.09 | 5.30 | 8.16 | 4.61 | 6.97 | 7.35 |
| EBITDA | (1.96) | (2.38) | (1.50) | (1.07) | 0.08 | (0.24) | (0.48) | 0.02 |
| EBITDA margin | -33.1% | -41.7% | -26.8% | -25.3% | +1.0% | -5.5% | -7.4% | +0.3% |
| Depreciation | 0.44 | 0.45 | 0.46 | 0.45 | 0.45 | 0.46 | 0.46 | 0.44 |
| Interest | 0.34 | 0.36 | 0.48 | 0.38 | 0.34 | 0.30 | 0.29 | 0.30 |
| Profit before tax | (2.70) | (2.89) | (2.15) | (1.86) | (0.60) | (0.93) | (0.34) | (0.71) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Financial Statements
| Particulars | Mar 2022 | Dec 2021 | Sep 2021 | Jun 2021 | Mar 2021 | Dec 2020 | Sep 2020 | Jun 2020 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5.92 | 5.71 | 5.59 | 4.23 | 8.24 | 4.37 | 6.49 | 7.37 |
| Revenue growth (YoY) | -28.2% | +30.7% | -13.9% | -42.6% | +17.2% | - | - | - |
| Other income | 0.04 | 0.30 | 0.29 | 0.04 | 0.11 | 0.07 | 0.89 | 0.01 |
| Total expenses | 7.88 | 8.09 | 7.09 | 5.30 | 8.16 | 4.61 | 6.97 | 7.35 |
| EBITDA | (1.96) | (2.38) | (1.50) | (1.07) | 0.08 | (0.24) | (0.48) | 0.02 |
| EBITDA margin | -33.1% | -41.7% | -26.8% | -25.3% | +1.0% | -5.5% | -7.4% | +0.3% |
| Depreciation | 0.44 | 0.45 | 0.46 | 0.45 | 0.45 | 0.46 | 0.46 | 0.44 |
| Interest | 0.34 | 0.36 | 0.48 | 0.38 | 0.34 | 0.30 | 0.29 | 0.30 |
| Profit before tax | (2.70) | (2.89) | (2.15) | (1.86) | (0.60) | (0.93) | (0.34) | (0.71) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 45.78 | 37.91 | 40.08 | 43.68 | 21.45 | 26.47 | 28.58 |
| Revenue growth | +20.8% | -5.4% | -8.2% | +103.6% | -19.0% | -7.4% | - |
| Other income | 0.95 | 0.33 | 0.49 | 1.10 | 0.67 | 1.08 | 0.38 |
| Total expenses | 45.02 | 43.93 | 35.51 | 40.23 | 28.25 | 27.01 | 37.81 |
| Employee cost | 0.72 | 0.70 | 0.69 | 0.62 | 0.66 | 0.46 | 0.75 |
| EBITDA | 0.76 | (6.02) | 4.57 | 3.45 | (6.80) | (0.54) | (9.23) |
| EBITDA margin | +1.7% | -15.9% | +11.4% | +7.9% | -31.7% | -2.0% | -32.3% |
| Depreciation | 1.85 | 1.85 | 1.74 | 1.79 | 1.79 | 1.81 | 1.75 |
| Interest | 1.49 | 1.72 | 1.83 | 1.61 | 1.69 | 1.32 | 1.37 |
| Profit before tax | (1.63) | (9.26) | 1.49 | 1.15 | (9.61) | (2.59) | (11.97) |
| Tax | 0.00 | 0.00 | 1.45 | 0.00 | 0.00 | 0.17 | (2.15) |
| Net profit | (1.88) | (9.18) | 0.06 | 0.79 | (9.86) | (3.51) | (9.95) |
| Net profit margin | -4.1% | -24.2% | +0.2% | +1.8% | -46.0% | -13.3% | -34.8% |
| EPS (₹) | (1.28) | (7.25) | 0.05 | 0.90 | (7.52) | (2.16) | (7.70) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 12.78 | 12.78 | 12.78 | 12.78 | 12.78 | 12.78 | 12.78 |
| Reserves & surplus | (17.20) | (15.56) | (6.29) | (6.36) | (7.50) | 2.11 | 4.87 |
| Shareholders' funds (net worth) | (4.42) | (2.78) | 6.49 | 6.42 | 5.28 | 14.89 | 17.65 |
| Secured loans | 17.69 | 18.62 | 11.33 | 8.45 | 10.56 | 15.55 | 15.85 |
| Unsecured loans | 14.08 | 17.41 | 14.85 | 18.49 | 13.86 | 7.90 | 3.82 |
| Total debt | 31.77 | 36.03 | 26.18 | 26.94 | 24.42 | 23.45 | 19.67 |
| Total liabilities | 27.85 | 33.72 | 33.13 | 33.78 | 30.37 | 38.93 | 37.99 |
| Assets | |||||||
| Gross block | 43.63 | 43.42 | 41.23 | 41.39 | 40.57 | 40.48 | 37.90 |
| Net block | 21.07 | 22.43 | 21.59 | 23.37 | 24.32 | 25.98 | 25.20 |
| Capital work in progress | 0.19 | 0.08 | 1.56 | 0.99 | 1.09 | 0.33 | 2.81 |
| Investments | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| Inventories | 7.94 | 9.72 | 8.58 | 8.57 | 6.82 | 3.34 | 6.83 |
| Sundry debtors | 8.11 | 8.26 | 4.94 | 5.77 | 2.02 | 9.11 | 8.17 |
| Cash & bank balances | 0.69 | 0.57 | 0.52 | 0.81 | 0.80 | 0.98 | 0.66 |
| Loans & advances | 0.43 | 1.35 | 3.97 | 5.03 | 4.69 | 5.52 | 5.36 |
| Total current assets | 17.17 | 19.90 | 18.01 | 20.18 | 14.33 | 18.95 | 21.02 |
| Total current liabilities | 10.92 | 9.00 | 8.48 | 12.66 | 11.31 | 8.25 | 13.33 |
| Net working capital | 6.25 | 10.90 | 9.53 | 7.52 | 3.02 | 10.70 | 7.69 |
| Total assets | 27.85 | 33.72 | 33.13 | 33.78 | 30.37 | 38.93 | 37.99 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.57 | 0.52 | 0.81 | 0.80 | 0.98 | 0.66 | 0.58 |
| Net cash from operating activities | 6.36 | (7.15) | 2.26 | (0.35) | 1.24 | (0.28) | 4.10 |
| Net cash from investing activities | (0.63) | (1.32) | (0.51) | (0.69) | (0.82) | 0.02 | (1.68) |
| Net cash from financing activities | (5.61) | 8.53 | (2.04) | 1.05 | (0.60) | 0.58 | (2.34) |
| Net change in cash | 0.12 | 0.05 | (0.29) | 0.00 | (0.18) | 0.32 | 0.08 |
| Closing cash | 0.69 | 0.57 | 0.52 | 0.81 | 0.80 | 0.98 | 0.66 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +20.8% | -5.4% | -8.2% | +103.6% | -19.0% | -7.4% | - |
| EBITDA growth | +112.6% | -231.7% | +32.5% | +150.7% | -1159.3% | +94.2% | - |
| PBT growth | +82.4% | - | +29.6% | +9998.0% | -271.0% | +78.4% | - |
| Net income growth | +79.5% | - | -92.4% | +108.0% | -180.9% | +64.7% | - |
| Revenue CAGR (3Y) | +1.6% | +20.9% | +14.8% | +15.2% | -12.8% | +1.2% | -6.6% |
| EBITDA CAGR (3Y) | -39.6% | -4.0% | - | - | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | -3.6% | -24.4% | +0.1% | +2.6% | -44.8% | -10.4% | -34.4% |
| Return on capital employed | 0.0% | 0.0% | +7.3% | +6.3% | 0.0% | 0.0% | 0.0% |
| Return on net worth | 0.0% | 0.0% | +0.3% | +6.6% | 0.0% | 0.0% | 0.0% |
| Debt / equity | 0.00 | 16.77 | 4.11 | 4.39 | 2.37 | 1.33 | 0.90 |
| Long-term debt / equity | 0.00 | 11.24 | 2.72 | 2.75 | 1.51 | 0.76 | 0.51 |
| Interest cover | -136.70 | -21.86 | 64.66 | 96.99 | -19.67 | -56.17 | -12.48 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.05 | 0.90 | 0.97 | 1.07 | 0.53 | 0.68 | 0.76 |
| Inventory turnover | 5.18 | 4.14 | 4.67 | 5.68 | 4.22 | 5.21 | 4.26 |
| Debtors turnover | 5.59 | 5.74 | 7.48 | 11.21 | 3.85 | 3.06 | 2.74 |
| EPS (₹) | (1.28) | (7.25) | 0.05 | 0.90 | (7.52) | (2.16) | (7.70) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | (3.45) | (2.17) | 5.08 | 5.03 | 4.13 | 11.65 | 13.81 |
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Frequently Asked Questions about VSCL
VSCL was founded in 2018.
VSCL is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
VSCL has 70 employees.
The primary company behind VSCL, Vadivarhe Speciality Chemicals Limited, reported revenue of ₹46.73 Cr for FY 2026, up 21% year on year.
Vadivarhe Speciality Chemicals Ltd produces high-quality organic chemicals, focusing on intermediates, personal care products, speciality chemicals, and active pharmaceutical ingredients. The company emphasizes research, development, and GMP-compliant manufacturing processes. Based in Maharashtra, India, it supplies to manufacturers worldwide, ensuring global compliance and custom synthesis. Key strengths include chemical process development and analytical support, serving clients in various industries.
VSCL offers Intermediates, Personal Care Ingredients, Speciality Chemicals, and API.
Yes, VSCL is publicly traded on NSE under the ticker symbol VSCL.
VSCL operates through Vadivarhe Speciality Chemicals Limited.
The legal entities of VSCL currently have 7 directors, including Meena Sunil Pophale, Ravindra Keshav Paranjpe, Prasanna Prabhakar Rege and others.