Vipul Organics Limited

BSE: 530627
Vipul Organics Limited - chemicals and materials in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L24110MH1972PLC015857 Incorporated 21 June 1972 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - BSE: 530627 Public Limited Company chemicals and materials MSME · Medium
Data last updated
Market Cap
₹405 Cr
VIPULORG · BSE
Share Price
₹219.85
+3.43% today
Revenue
₹175 Cr
FY 2025-26 · +7.7% YoY
EBITDA
₹17.24 Cr
Margin 9.8%
Net Profit
₹6.92 Cr
FY 2025-26 · +67.6% YoY
P/E (TTM)
49.6x
P/B 3.5x
Authorised capital
₹20 Cr
Registered with MCA
Paid-up capital
₹19.05 Cr
Issued & subscribed

About Vipul Organics Limited

Data last updated:

Vipul Organics Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the dyes and pigments segment of the chemicals and materials sector. It was incorporated on 21 June 1972 and has been in existence for over 54 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L24110MH1972PLC015857. Its GSTIN is 27AAACV1710B1Z0 (Maharashtra). The company holds 3 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 530627.

The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹19.05 Cr. It was formerly known as Vipul Dyechem Limited and Vipul Dyes and Chemicals Pvt Ltd. It is led by directors including Vipul Pravinchandra Shah (Managing Director) and Mihir Vipul Shah (Whole-Time Director).

Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 102 Andheri Industrial Estate Off. Veera Desai Road Andheri (West), Mumbai, Maharashtra, India – 400053.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹175.4 Cr, a growth of 7.7% compared to the previous year. For the same year it recorded a net profit of ₹6.92 Cr (net margin 3.9%) and EBITDA of ₹17.24 Cr (EBITDA margin 9.8%). The net worth stands at ₹117.15 Cr (up 83.4% YoY). Total assets are valued at ₹170.32 Cr (up 53.8% YoY).

The company has about 74 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.

The company is associated with 1 brand: Vipul Organics. As per MCA filings, the company has open charges of ₹108.36 Cr and satisfied charges of ₹50.75 Lakh on record. Court records list 12 cases involving the company, including 9 filed by the company and 3 filed against it; 1 case is pending. The company has 45 deals on record (42 market trades, 3 funding rounds), with disclosed funding of ₹33.73 Cr; the latest was in April 2025. Its 9 peer companies in the Chemicals industry (Dyes and Pigments), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 5 larger and 4 smaller; the largest is CHT (India) Private Limited with revenue of ₹171.68 Cr. The company has 13 MSME Form 1 returns on record between 2019 and 2024, listing 434 overdue payments to 63 micro and small suppliers.

Vipul Organics Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0022979). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vipulorganics.com.

Company details

CIN L24110MH1972PLC015857
Registration Number 015857
Incorporation Date 21 June 1972
ROC Mumbai
Listing Status Listed - Listed on BSE (530627)
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0022979

Name history

Vipul Organics has undergone 3 name changes throughout its history. The company was previously known as Vipul Dyechem Limited, Vipul Dyes And Chemicals Pvt Ltd, and Vipul Dyes And Chemicals Ltd. The current legal name is Vipul Organics Limited.

Company NameStatus
Vipul Organics LimitedCurrent
Vipul Dyechem LimitedPrevious
Vipul Dyes And Chemicals Pvt LtdPrevious
Vipul Dyes And Chemicals LtdPrevious

CIN history

Vipul Organics has one previous CIN (Corporate Identification Number): U24110MH1972PTC015857. The current CIN is L24110MH1972PLC015857, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L24110MH1972PLC015857Current
U24110MH1972PTC015857Previous
Key People
Vipul Pravinchandra Shah Managing Director Mihir Vipul Shah Whole-Time Director Shiv Nath Sahai Director

Recognitions & Rankings of Vipul Organics

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-MH-19-0022979

Contact details

Vipul Organics Limited's registered office is in Mumbai, Maharashtra. Its website is vipulorganics.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    vipulorganics.com
  • Social Media
  • Registered Address
    102 Andheri Industrial Estate Off. Veera Desai Road Andheri (West), Mumbai, Maharashtra, India – 400053
  • Industry
    Chemicals and Materials, Dyes & Pigments, Colorants

To see the full contact details of Vipul Organics Limited, buy the company report.

Comprehensive company report
Vipul Organics Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Vipul Organics operates one associated brand: Vipul Organics. Each brand links to its own profile.

BrandDescriptionWebsite
Vipul Organics
Manufacturer of reactive dyes, fast colour bases, salts and dyes intermideatesvipulorganics.com

Business activity

The main business activity of Vipul Organics is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC6Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products

To see the full business activity and turnover split of Vipul Organics Limited, buy the company report.

Financials of Vipul Organics Limited

FY 2025-26 filings available

Vipul Organics Limited reported revenue of ₹175.4 Cr (up 7.7% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹175 Cr
+7.7% YoY
EBITDA
₹17.24 Cr
+18.5% YoY
Profit After Tax
₹6.92 Cr
+67.6% YoY
Net Worth
₹117 Cr
+83.4% YoY
Total Assets
₹170 Cr
+53.8% YoY
Total Debt
₹52.86 Cr
+13.8% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue17516315013413311992.25
Revenue growth+7.7%+8.5%+12.1%+0.6%+12.2%+28.7%-
EBITDA17.2414.5511.7011.6715.9516.089.04
EBITDA margin+9.8%+8.9%+7.8%+8.7%+12.0%+13.6%+9.8%
Profit before tax9.546.334.622.749.769.547.09
Net profit6.924.132.971.916.366.844.77
Net profit margin+4.0%+2.5%+2.0%+1.4%+4.8%+5.8%+5.2%
EPS (₹)3.843.322.571.466.807.186.19
Balance sheet
Total assets17011188.3584.8082.2668.2753.87
Net worth11763.8658.2553.0152.3240.4432.39
Total debt52.8646.4630.2331.3330.0627.9521.57
Cash & bank29.892.362.225.782.886.205.25
Net working capital84.3256.1445.5844.5141.9635.0817.82
Cash flow
Cash from operations10.520.624.8410.142.46(2.07)13.91
Cash from investing(34.11)(15.24)(6.85)(3.02)(11.06)(1.56)(11.16)
Cash from financing24.9114.73(1.61)(4.56)5.424.37(0.13)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue51.7852.2246.1439.4337.6044.0941.4139.24
Revenue growth (YoY)+37.7%+18.4%+11.4%+0.5%-1.2%---
Other income0.400.400.240.230.09(0.11)0.120.19
EBITDA4.994.784.354.313.783.753.883.66
EBITDA margin+9.6%+9.2%+9.4%+10.9%+10.1%+8.5%+9.4%+9.3%
Depreciation1.411.631.581.621.551.601.591.45
Interest0.530.540.490.540.700.870.590.64
Profit before tax3.453.012.522.381.621.171.821.76
Tax0.921.030.670.580.350.380.380.70
Net profit2.531.981.851.801.270.791.441.06
EPS (₹)1.331.101.101.150.860.470.890.81
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue17516315013413312092.97
Revenue growth+7.7%+8.5%+12.1%+0.6%+11.4%+28.6%-
EBITDA17.2514.5711.7111.6915.9616.509.01
EBITDA margin+9.8%+9.0%+7.8%+8.7%+12.0%+13.8%+9.7%
Profit before tax9.556.354.632.769.779.557.09
Net profit6.924.442.962.016.376.844.76
Net profit margin+4.0%+2.7%+2.0%+1.5%+4.8%+5.7%+5.1%
EPS (₹)3.843.342.571.546.827.186.17
Balance sheet
Total assets17111188.8285.2782.6368.6354.22
Net worth11764.1958.5653.3352.5540.6632.61
Total debt52.8646.4630.2331.3330.0627.9521.57
Cash & bank29.872.352.215.762.766.085.19
Net working capital83.7655.5744.9943.9341.0834.4817.36
Cash flow
Cash from operations10.510.624.8610.242.46(2.27)13.88
Cash from investing(34.11)(15.24)(6.85)(3.02)(11.06)(1.42)(11.16)
Cash from financing24.9114.73(1.63)(4.56)5.424.37(0.12)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue51.7852.2246.1439.4337.6044.0941.4139.24
Revenue growth (YoY)+37.7%+18.4%+11.4%+0.5%-1.2%---
Other income0.400.400.240.230.09(0.11)0.120.19
Total expenses46.7947.4441.7835.1233.8140.3337.5335.58
EBITDA4.994.784.364.313.793.763.883.66
EBITDA margin+9.6%+9.2%+9.4%+10.9%+10.1%+8.5%+9.4%+9.3%
Depreciation1.411.631.581.621.551.601.581.45
Interest0.530.540.490.540.700.870.590.64
Profit before tax3.453.012.532.381.631.181.831.76
Tax0.921.030.670.580.350.380.380.70

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 02 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue51.7852.2246.1439.4337.6044.0941.4139.24
Revenue growth (YoY)+37.7%+18.4%+11.4%+0.5%-1.2%---
Other income0.400.400.240.230.09(0.11)0.120.19
EBITDA4.994.784.354.313.783.753.883.66
EBITDA margin+9.6%+9.2%+9.4%+10.9%+10.1%+8.5%+9.4%+9.3%
Depreciation1.411.631.581.621.551.601.591.45
Interest0.530.540.490.540.700.870.590.64
Profit before tax3.453.012.522.381.621.171.821.76
Tax0.921.030.670.580.350.380.380.70
Net profit2.531.981.851.801.270.791.441.06
EPS (₹)1.331.101.101.150.860.470.890.81
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue17516315013413311992.25
Revenue growth+7.7%+8.5%+12.1%+0.6%+12.2%+28.7%-
Other income0.960.340.910.060.670.651.02
Total expenses15814813812211710383.21
Employee cost0.0010.939.748.826.735.624.99
EBITDA17.2414.5511.7011.6715.9516.089.04
EBITDA margin+9.8%+8.9%+7.8%+8.7%+12.0%+13.6%+9.8%
Depreciation6.395.885.586.325.225.832.05
Interest2.272.682.412.671.641.360.92
Profit before tax9.546.334.622.749.769.547.09
Tax2.631.911.290.862.772.712.30
Net profit6.924.132.971.916.366.844.77
Net profit margin+4.0%+2.5%+2.0%+1.4%+4.8%+5.8%+5.2%
EPS (₹)3.843.322.571.466.807.186.19
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital19.0513.3113.0112.8110.2511.497.72
Reserves & surplus98.1050.5544.4140.2042.0728.9524.67
Shareholders' funds (net worth)11763.8658.2553.0152.3240.4432.39
Minority interest(0.18)(0.17)(0.16)(0.16)(0.15)(0.14)(0.14)
Secured loans52.8645.7928.2928.5229.2226.9321.42
Unsecured loans0.000.671.942.810.841.020.15
Total debt52.8646.4630.2331.3330.0627.9521.57
Total liabilities17011188.3584.8082.2668.2753.87
Assets
Gross block76.2971.0259.2256.6251.8939.5337.33
Net block37.1038.1632.2435.2236.1328.6132.14
Capital work in progress38.949.285.190.340.030.360.15
Investments0.330.400.690.490.561.120.56
Inventories45.5536.4033.4335.3930.8018.0816.62
Sundry debtors54.3650.8144.4634.0042.6135.3725.10
Cash & bank balances29.892.362.225.782.886.205.25
Loans & advances15.0711.1413.188.609.8213.6412.33
Total current assets14510193.2983.7786.1173.2959.30
Total current liabilities60.5544.5747.7139.2644.1538.2141.48
Net working capital84.3256.1445.5844.5141.9635.0817.82
Total assets17011188.3584.8082.2668.2753.87
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.880.764.381.825.004.261.64
Net cash from operating activities10.520.624.8410.142.46(2.07)13.91
Net cash from investing activities(34.11)(15.24)(6.85)(3.02)(11.06)(1.56)(11.16)
Net cash from financing activities24.9114.73(1.61)(4.56)5.424.37(0.13)
Net change in cash1.320.12(3.62)2.56(3.18)0.742.62
Closing cash29.892.362.225.782.886.205.25
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+7.7%+8.5%+12.1%+0.6%+12.2%+28.7%-
EBITDA growth+18.5%+24.4%+0.3%-26.8%-0.8%+77.9%-
PBT growth+50.7%+37.0%+68.6%-71.9%+2.3%+34.6%+41.0%
Net income growth+67.6%+39.1%+55.5%-70.0%-7.0%+43.4%-
Revenue CAGR (3Y)+9.4%+6.9%+8.1%+13.2%+14.0%+14.4%+17.3%
EBITDA CAGR (3Y)+13.9%-3.0%-10.1%+8.9%+36.2%+55.1%+40.8%
Profitability & leverage
Net income margin+3.9%+2.7%+2.2%+1.4%+5.3%+5.8%+5.2%
Return on capital employed-+9.1%+7.5%+6.5%+15.1%+17.8%+15.8%
Return on net worth-+7.3%+5.4%+3.6%+15.4%+19.3%+15.8%
Debt / equity-0.630.550.580.630.680.68
Long-term debt / equity-0.110.120.150.190.240.24
Interest cover20.9230.9139.3849.9115.2813.2713.16
Efficiency & per share
Fixed asset turnover-2.502.592.472.913.094.03
Inventory turnover-4.664.364.055.456.847.27
Debtors turnover-3.423.833.503.423.934.02
EPS (₹)3.843.322.571.466.807.186.19
Dividend per share (₹)0.800.801.000.900.900.900.80
Book value per share (₹)0.0047.9744.1341.3851.0440.3241.94
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue51.7852.2246.1439.4337.6044.0941.4139.24
Revenue growth (YoY)+37.7%+18.4%+11.4%+0.5%-1.2%---
Other income0.400.400.240.230.09(0.11)0.120.19
Total expenses46.7947.4441.7835.1233.8140.3337.5335.58
EBITDA4.994.784.364.313.793.763.883.66
EBITDA margin+9.6%+9.2%+9.4%+10.9%+10.1%+8.5%+9.4%+9.3%
Depreciation1.411.631.581.621.551.601.581.45
Interest0.530.540.490.540.700.870.590.64
Profit before tax3.453.012.532.381.631.181.831.76
Tax0.921.030.670.580.350.380.380.70
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue17516315013413312092.97
Revenue growth+7.7%+8.5%+12.1%+0.6%+11.4%+28.6%-
Other income0.960.340.910.060.670.221.02
Total expenses15814813812211710383.96
Employee cost0.0010.939.748.826.735.464.82
EBITDA17.2514.5711.7111.6915.9616.509.01
EBITDA margin+9.8%+9.0%+7.8%+8.7%+12.0%+13.8%+9.7%
Depreciation6.395.885.586.325.225.812.02
Interest2.272.682.412.671.641.360.92
Profit before tax9.556.354.632.769.779.557.09
Tax2.631.911.300.782.772.712.31
Net profit6.924.442.962.016.376.844.76
Net profit margin+4.0%+2.7%+2.0%+1.5%+4.8%+5.7%+5.1%
EPS (₹)3.843.342.571.546.827.186.17
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital19.0513.3113.0112.8110.2511.497.72
Reserves & surplus98.4350.8844.7240.5242.3029.1724.89
Shareholders' funds (net worth)11764.1958.5653.3352.5540.6632.61
Secured loans52.8645.7928.2928.5229.2226.9321.42
Unsecured loans0.000.671.942.810.841.020.15
Total debt52.8646.4630.2331.3330.0627.9521.57
Total liabilities17111188.8285.2782.6368.6354.22
Assets
Gross block76.2470.9759.1756.5751.8439.4837.03
Net block37.0938.1432.2235.2036.1128.5931.95
Capital work in progress38.949.285.190.340.030.360.15
Investments1.451.531.821.621.692.241.68
Inventories45.6336.4833.5135.4830.5417.8216.23
Sundry debtors53.8850.3343.9833.5242.1335.0624.96
Cash & bank balances29.872.352.215.762.766.085.19
Loans & advances15.0511.1213.178.609.7613.5912.22
Total current assets14410092.8783.3685.1972.5558.60
Total current liabilities60.6744.7147.8839.4344.1138.0741.24
Net working capital83.7655.5744.9943.9341.0834.4817.36
Total assets17111188.8285.2782.6368.6354.22
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.860.754.371.704.884.201.60
Net cash from operating activities10.510.624.8610.242.46(2.27)13.88
Net cash from investing activities(34.11)(15.24)(6.85)(3.02)(11.06)(1.42)(11.16)
Net cash from financing activities24.9114.73(1.63)(4.56)5.424.37(0.12)
Net change in cash1.320.12(3.62)2.67(3.18)0.682.60
Closing cash2.182.352.215.762.766.085.19
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+7.7%+8.5%+12.1%+0.6%+11.4%+28.6%-
EBITDA growth+18.4%+24.4%+0.2%-26.8%-3.3%+83.1%-
PBT growth+50.4%+37.2%+67.8%-71.8%+2.3%+34.7%+41.2%
Net income growth+55.9%+50.0%+47.3%-68.5%-6.9%+43.7%-
Revenue CAGR (3Y)+9.4%+6.9%+7.9%+12.9%+13.8%+14.6%+17.7%
EBITDA CAGR (3Y)+13.9%-3.0%-10.8%+9.1%+36.5%+57.1%+41.8%
Profitability & leverage
Net income margin+4.0%+2.7%+2.2%+1.5%+5.3%+5.7%+5.1%
Return on capital employed-+9.1%+7.4%+6.5%+15.1%+17.8%+15.7%
Return on net worth-+7.3%+5.3%+3.7%+15.3%+19.2%+15.7%
Debt / equity-0.620.550.580.620.680.67
Long-term debt / equity-0.110.120.150.190.240.24
Interest cover20.9030.8439.3149.7215.2712.7213.16
Efficiency & per share
Fixed asset turnover-2.502.592.472.923.124.12
Inventory turnover-4.654.354.065.517.027.55
Debtors turnover-3.453.873.543.453.984.11
EPS (₹)3.843.342.571.546.827.186.17
Dividend per share (₹)0.800.801.000.900.900.900.80
Book value per share (₹)0.0048.2244.3741.6351.2740.5542.22

To see the full year-wise statements and ratios of Vipul Organics Limited, buy the company report.

Board of directors of Vipul Organics Limited

Vipul Organics has 6 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Shiv Nath Sahai
Also directs: Jayapriya Chemical Industries Limited
Director01 Oct 201610 Years 1 MonthsCurrent
Vipul Pravinchandra Shah
Also directs: Vip Chem LLP, Zeon Chemical Industries LLP, Adimem Technologies LLP and 2 more
Managing Director15 Jul 201016 Years 3 MonthsCurrent
Megha Satyendra Bhati
Also directs: Bismarck World Private Limited, Nexus Value Chain Solutions Private Limited, Bismarck World Media Private Limited
Director14 Nov 20187 Years 11 MonthsCurrent
Mihir Vipul Shah
Also directs: Vip Chem LLP, Shree Ambika Naturals Private Limited, Jayapriya Chemical Industries Limited and 1 more
Whole-Time Director01 Apr 20206 Years 7 MonthsCurrent
Rupesh Jagdish Agrawal
Also directs: Prabhudas Lilladher Ifsc Private Limited, PL Asset Management Private Limited, PL Wealth Private Limited
Director01 Apr 20242 Years 7 MonthsCurrent
Siddhan SubramanianDirector01 Apr 20242 Years 7 MonthsCurrent
View all directors

Peer comparison

Vipul Organics Limited is compared with the 9 companies closest to it by revenue in the Chemicals industry (Dyes and Pigments), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Vipul Organics Limitedthis company₹175.4 Cr (FY 2026)₹6.92 Cr3.9%7.7%74Mumbai, Maharashtra, India
CHT (India) Private Limited₹171.68 Cr (FY 2025)15.0%Navi Mumbai, Maharashtra, India
Shree Swati Texdyes Private Limited₹168.65 Cr (FY 2025)96.0%Ahmedabad, Gujarat, India
Aries Colorchem Private Limited₹167.93 Cr (FY 2025)21.0%Ahmedabad, Gujarat, India
Indo Colchem Limited₹167.58 Cr (FY 2025)-10.0%Ahmedabad, Gujarat, India
Navpad Pigments Private Limited₹166.16 Cr (FY 2025)12.0%Kadi, Gujarat, India
A-One Phthalo Colors Private Limited₹162.69 Cr (FY 2025)19.0%Ahmedabad, Gujarat, India
S P S Processors Private Limited₹159.93 Cr (FY 2022)61.0%Ahmedabad, Gujarat, India
Unilex Colours and Chemicals Limited₹157.81 Cr (FY 2025)6.0%Mumbai, Maharashtra, India
R K Synthesis Limited₹156.12 Cr (FY 2025)20.0%Ahmedabad, Gujarat, India

To see the full peer comparison of Vipul Organics Limited, buy the company report.

Auditor

Vipul Organics Limited is audited by J. A. Rajani & Co. for the financial year 2023.

Auditor firmFinancial yearFirm registration number
J. A. Rajani & Co.FY 2023108331W

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 63.90%, foreign institutional investors hold 0.10%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 36.00%.

Promoters: 63.90%FII (Foreign Institutional): 0.10%Retail & Others: 36.00%
Sep 2026
QUARTER
63.90% Promoters
0.10% FII (Foreign Institutional)
36.00% Retail & Others
Promoter holding - history
Now 63.90% · Sep 2026High 68.60% · Dec 2025Low 63.90% · Jun 2026
62%64%66%68%70%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 68.60%Mar 2026: 68.60%Jun 2026: 63.90%Sep 2026: 63.90%68.60%63.90%63.90%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters63.90%63.90%68.60%68.60%
Public36.10%36.10%31.40%31.40%

Charges & borrowings

Open charges
₹108.36 Cr
Satisfied charges
₹50.75 Lakh
Breakdown by lending institutions
Axis Bank Limited₹37.24 Cr
The Hongkong and Shanghai Banking Corporation Limited₹35.50 Cr
Others₹19.91 Cr
Vijaya Bank₹15.71 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
24 Jun 2025101128898Axis Bank Limited₹24 LakhOpen
31 May 2024100936122The Hongkong and Shanghai Banking Corporation Limited₹35.5 CrOpen
30 Nov 2023100858196Others₹90 LakhOpen
17 Jun 2022100590356Axis Bank Limited₹1.6 CrOpen
15 Feb 2022100557758Others₹62.5 LakhOpen

To see the full charge records of Vipul Organics Limited, buy the company report.

Total charge records: 14 View all charges

Deals & funding

Vipul Organics Limited has 45 deals on record (42 market trades, 3 funding rounds), with disclosed funding of ₹33.73 Cr; the latest was in April 2025.

Total deals
45
Market trades
42
Funding rounds
3
Disclosed funding
₹33.73 Cr

Deals on record (5 of 45)

WhenDealAmountParties
Mar 2018Market trade₹79.9 LakhBuyer: Gedalia Multitrading Private Limited
Seller: Gedalia Multitrading Private Limited
Nov 2017Market trade₹31.5 LakhBuyer: Gedalia Multitrading Private Limited
Seller: Gedalia Multitrading Private Limited
Oct 2016Market trade₹44.9 LakhBuyer: Gedalia Multitrading Private Limited
Seller: Gedalia Multitrading Private Limited
May 2016Market trade₹38.3 LakhBuyer: Lydia Construction Private Limited
May 2016Market trade₹1.52 CrBuyer: 4 individuals
Seller: Skyhorizon Engineering Private Limited , Kshetra Engineering Private Limited , Kshetra Engineering Private Limited

To see the full deal history of Vipul Organics Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Vipul Organics Limited was last rated by Crisil on 30 Jun 2020.

Rating agencyRated onRating
Crisil30 Jun 2020

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MSME payment delays

Vipul Organics Limited has 13 MSME Form 1 returns on record between 2019 and 2024, listing 434 overdue payments to 63 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 63)

SupplierAmount dueDue sinceReported on
an individual supplier
an individual supplier
Anil Dye Chem
Vinipul Chemicals Private Limited
an individual supplier

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Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Vipul Organics has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

1
Subsidiary companies
Key subsidiaries
Company NameCINShares held
Shree Ambika Naturals Private LimitedU24200MH1988PTC049982

To see the full group structure of Vipul Organics Limited, buy the company report.

Employees & EPFO

Vipul Organics Limited has a workforce of 74 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.

Employee count
74
Active EPFO establishments
1
Employee growth
10.45%

GST

Vipul Organics has 3 GST registrations: 3 active.

Total GSTINs
3
Active
3
GSTINStateStatusRegistered on
27AAACV1710B1Z0MaharashtraActive01 Jul 2017
27AAACV1710B2ZZMaharashtraActive01 Jul 2017
24AAACV1710B1Z6GujaratActive14 Jan 2022

To see the full GST registrations and return filing status of Vipul Organics Limited, buy the company report.

Recent activity

Vipul Organics Limited has 20 board changes on record since 1972: 13 appointments and 7 cessations. The latest: Jagdeep Yashwantray Mehta ceased to be Director on 01 Apr 2024.

Filing
Vipul Organics Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
AGM
Vipul Organics Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.24 Cr with Charge ID 101128898 was registered on 24 Jun 2025.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited of Rs. 35.50 Cr registered on 31 May 2024 with Charge ID 100936122 was modified on 30 Aug 2024.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 35.50 Cr with Charge ID 100936122 was registered on 31 May 2024.
Ceased
Jagdeep Yashwantray Mehta ceased to be Director.
Ceased
Prasannakumar Baliram Gawde ceased to be Director.
Appointed
Rupesh Jagdish Agrawal was appointed as Director.
Appointed
Siddhan Subramanian was appointed as Director.
Charges
A charge registered on 04 Mar 2015 via Charge ID 10590061 with Hdfc Bank Limited was fully satisfied on 18 Dec 2023.
Charges
A charge with Others amounted to Rs. 0.90 Cr with Charge ID 100858196 was registered on 30 Nov 2023.
Charges
A charge with Axis Bank Limited of Rs. 1.60 Cr registered on 17 Jun 2022 with Charge ID 100590356 was modified on 26 May 2023.

34 earlier events are in the company report.

News

Frequently asked questions

Vipul Organics is an active public limited company based in Mumbai, Maharashtra, India. The company works in dyes and pigments, within the chemicals and materials industry. It was incorporated on 21 June 1972 (54+ years old) and is registered under CIN L24110MH1972PLC015857. Listed on BSE: 530627.

Vipul Organics reported revenue of ₹175.4 Cr for FY 2025-26 (up 7.7% YoY) based on consolidated financials.

Vipul Organics has 6 current directors:

The latest financial statements of Vipul Organics on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Vipul Organics is 27AAACV1710B1Z0, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 27AAACV1710B2ZZ (Maharashtra), 24AAACV1710B1Z6 (Gujarat).

The CIN (Corporate Identification Number) of Vipul Organics is L24110MH1972PLC015857. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Vipul Organics is a listed company as per MCA records. Its shares are listed on BSE (code: 530627).

Vipul Organics has 12 court cases on record: 9 filed by the company and 3 filed against it. 1 is pending. Most are in the high courts.

Vipul Organics was incorporated on 21 June 1972, making it 54+ years old. It is registered with the Registrar of Companies, Mumbai.

Vipul Organics has 45 deals on record (42 market trades, 3 funding rounds), with disclosed funding of ₹33.73 Cr; the latest was in April 2025.

The peers of Vipul Organics by revenue are CHT (India) Private Limited, Shree Swati Texdyes Private Limited, Aries Colorchem Private Limited, Indo Colchem Limited, Navpad Pigments Private Limited and 4 more, all in the Chemicals industry (Dyes and Pigments), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).

Jagdeep Yashwantray Mehta ceased to be Director on 01 Apr 2024. Prasannakumar Baliram Gawde ceased to be Director on 01 Apr 2024. Rupesh Jagdish Agrawal was appointed as Director on 01 Apr 2024. Vipul Organics has 20 board changes on record in total.