Vinyl Chemicals (India) Limited (VINYLINDIA) AI Stock Analysis

• Market Cap: ₹3.97B
• Dividend Yield: 2.9%
• Average Volume (3M): 2.11K
• Price to Earnings (P/E): 20.7
• Beta (1Y): 1.47
• Revenue Growth: -1.72%
• EPS Growth: -19.99%
• Country: IN
• Employees: 12
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): 2.46
• Shares Outstanding: 18,337,112
• 10 Day Avg. Volume: 1,712
• 30 Day Avg. Volume: 2,109
• PEG Ratio: 10.78
• Price to Book (P/B): 4.15
• Price to Sales (P/S): 0.84
• P/FCF Ratio: 22.20
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 58 Neutral
• Price Target: ₹225.00 ▼(-6.27% Downside)

Vinyl Chemicals (India) Limited's overall stock score is driven by its strong financial performance, characterized by steady profitability and prudent leverage management. However, the bearish technical indicators and recent revenue fluctuations pose significant risks. The valuation is reasonable, with a moderate P/E ratio and a decent dividend yield, but the lack of positive momentum and strategic adjustments needed in revenue and cash flow management weigh down the score.

Positive Factors

Steady Profitability

Consistent profitability and efficient leverage provide durable internal funding for operations and reinvestment. Over 2-6 months this underpins resilience to demand shocks, supports organic growth initiatives, and strengthens the company’s ability to pay dividends and service obligations reliably.

Prudent Capital Structure

A strong equity ratio and low leverage reduce financial distress risk and preserve strategic optionality. This durable balance-sheet strength enhances access to credit on favorable terms, supports funding of capex or M&A, and cushions the business through cyclical downturns.

Positive Free Cash Flow

Sustained positive free cash flow signals genuine cash-generation capacity beyond accounting profits, enabling internal investment, working-capital funding, and shareholder distributions. Over months this lowers refinancing reliance and supports strategic initiatives without diluting equity.

Negative Factors

Revenue Volatility

Persistent revenue fluctuations and a recent decline impair planning and growth prospects. Over the medium term this can squeeze margins, reduce reinvestment capacity, and indicate potential market-share loss or product mix issues that require strategic remedies to restore durable top-line growth.

Cash Flow Growth Volatility

Volatile free cash flow growth undermines reliable funding for capex, debt service, and dividends. Structurally, unpredictable cash generation increases financing risk, complicates multi-quarter planning, and could force precautionary liquidity measures that constrain long-term investment.

Limited Scale / Resources

A very small employee base signals limited operational scale and bandwidth, constraining commercial reach, product development, and capacity to execute large contracts. Over months this may limit growth potential, increase key-person risk, and reduce negotiating leverage with suppliers and customers.

Vinyl Chemicals (India) Limited Business Overview & Revenue Model

Company Description

Vinyl Chemicals (India) Limited trades in various chemicals in India and internationally. The company primarily sells vinyl acetate monomer. Vinyl Chemicals (India) Limited was incorporated in 1986 and is based in Mumbai, India.

How the Company Makes Money

VINYLINDIA generates revenue primarily through the production and sale of PVC resins and other vinyl chemicals. Its business model relies on manufacturing high-quality chemical products that cater to multiple industries, which allows for diverse revenue streams. Key revenue sources include direct sales to manufacturers in the construction and packaging sectors, as well as export sales to international markets. The company may also benefit from strategic partnerships with other chemical manufacturers and distributors, enhancing its market reach and operational efficiency. Additionally, fluctuations in raw material prices and demand for PVC products can significantly impact the company's earnings, making effective supply chain management and market analysis crucial to its financial performance.

Vinyl Chemicals (India) Limited Financial Statement Overview

Summary

Vinyl Chemicals (India) Limited displays a solid financial foundation with steady profitability and efficient leverage use. While revenue growth and cash flow generation are positive, recent fluctuations in total revenue and free cash flow growth rate suggest areas for strategic improvement. Maintaining asset stability and enhancing cash flow consistency will be crucial for sustained success.

Income Statement

Vinyl Chemicals has demonstrated a consistent revenue growth with a notable jump from 2020 to 2025. The gross profit margin has been stable, and the EBIT and EBITDA margins indicate efficient operational management. Net profit margin has also shown positive trends, reinforcing strong profitability. However, the decline in total revenue in recent years suggests a need for strategic adjustment.

Balance Sheet

The company maintains a robust equity position with a strong equity ratio, reflecting financial stability. A low debt-to-equity ratio indicates prudent leverage management. However, the decline in total assets demands attention. Consistent ROE suggests effective use of equity, but careful monitoring of asset management is recommended.

Cash Flow

Vinyl Chemicals has shown positive free cash flow, indicating healthy cash generation capabilities. The operating cash flow to net income ratio remains favorable, although the free cash flow growth rate fluctuates, signaling potential volatility in cash management. Enhanced focus on consistent cash flow growth could further strengthen the financial position.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	6.21B	6.25B	5.97B	10.13B	8.65B	4.04B
Gross Profit	357.30M	376.10M	356.18M	674.80M	167.60M	229.23M
EBITDA	302.25M	293.20M	298.17M	489.73M	467.27M	152.55M
Net Income	218.60M	223.30M	218.44M	356.46M	348.63M	113.51M
Balance Sheet
Total Assets	0.00	2.62B	3.05B	1.76B	1.62B	2.69B
Cash, Cash Equivalents and Short-Term Investments	782.96M	799.00M	621.49M	403.37M	779.56M	655.63M
Total Debt	0.00	4.90M	4.93M	4.95M	7.95M	4.95M
Total Liabilities	-1.27B	1.35B	1.88B	623.00M	656.74M	2.01B
Stockholders Equity	1.27B	1.27B	1.17B	1.13B	960.28M	680.86M
Cash Flow
Free Cash Flow	0.00	236.60M	361.79M	-220.00M	168.17M	105.93M
Operating Cash Flow	0.00	237.10M	361.79M	-212.40M	168.17M	105.93M
Investing Cash Flow	0.00	-60.70M	-138.18M	397.61M	-208.69M	-58.53M
Financing Cash Flow	0.00	-123.80M	-183.37M	-186.40M	-68.76M	-44.01M

Vinyl Chemicals (India) Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 240.05
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VINYLINDIA, the sentiment is Negative. The current price of 240.05 is above the 20-day moving average (MA) of 221.27, above the 50-day MA of 234.83, and below the 200-day MA of 276.99, indicating a bearish trend. The MACD of -7.27 indicates Negative momentum. The RSI at 37.51 is Neutral, neither overbought nor oversold. The STOCH value of 50.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:VINYLINDIA.

Vinyl Chemicals (India) Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OCCL	72 Outperform	₹1.17B	10.38	―	10.99%	-76.65%	-76.77%
MANAKSIA	67 Neutral	₹4.20B	8.07	―	―	51.38%	-19.06%
DICIND	64 Neutral	₹5.13B	25.69	―	0.82%	1.34%	283.51%
INDOBORAX	63 Neutral	₹7.89B	17.17	―	0.38%	12.35%	6.79%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
VINYLINDIA	58 Neutral	₹3.97B	20.75	―	2.90%	-1.72%	-19.99%
HPAL	56 Neutral	₹3.57B	22.03	―	0.94%	13.33%	-21.39%

Vinyl Chemicals (India) Limited Corporate Events

Vinyl Chemicals (India) to Close Trading Window Ahead of Q3 FY2025 Results

Vinyl Chemicals (India) Limited has announced that its trading window will be closed from 31 December 2025 until 48 hours after the declaration of its unaudited financial results for the quarter ended 31 December 2025. The move is in compliance with SEBI’s Prohibition of Insider Trading Regulations, 2015, and is aimed at preventing trading by insiders during the sensitive period surrounding the quarterly results disclosure.