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

• Market Cap: ₹3.49B
• Dividend Yield: 2.9%
• Average Volume (3M): 2.11K
• Price to Earnings (P/E): 24.6
• Beta (1Y): 1.40
• 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: ₹198.00 ▼(-17.52% Downside)
• Action: Reiterated Date: 11/13/25
• Date: Action: Reiterated 11/13/25

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

Prudent leverage and strong equity

Low debt and a strong equity ratio provide durable financial stability, reducing refinancing and solvency risk over the next 2-6 months. Prudent leverage increases capacity to fund working capital, absorb demand shocks, and pursue selective investments without materially weakening the balance sheet.

Positive free cash flow generation

Consistent positive free cash flow underpins operational sustainability and funds dividends, working capital, and modest capex without needing external financing. Over a multi-month horizon, reliable cash generation supports strategic flexibility and lowers liquidity risk for operations and growth initiatives.

Stable and efficient profitability margins

Stable gross and healthy operating margins reflect structural cost control and an ability to preserve profitability across cycles. Margin durability supports earnings resilience, helps absorb revenue variability, and enables reinvestment or shareholder distributions over medium-term planning horizons.

Negative Factors

Recent revenue decline and volatility

Falling and irregular revenue undermines top-line sustainability and constrains long-term growth prospects. Over 2-6 months this can pressure capacity utilization, reduce operating leverage benefits, and force pricing or cost responses; persistent declines require strategic action to restore growth.

Fluctuating free cash flow growth

Variability in free cash flow growth complicates budgeting and diminishes predictability for reinvestment, dividends, or debt servicing. Structural volatility increases the risk that management must curtail discretionary spending or seek external funding during weaker periods, affecting medium-term plans.

Very small operational scale

A tiny workforce implies limited operational scale, capacity constraints, and concentration risk. Small scale can restrict business development, limit bargaining power with suppliers/customers, and increase key-person dependency, reducing resilience and scalability over the coming months without targeted investment.

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

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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	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	6.22B	6.25B	5.97B	10.13B	8.65B	4.04B
Gross Profit	336.80M	376.10M	356.18M	674.80M	167.60M	229.23M
EBITDA	271.65M	293.20M	298.17M	489.73M	467.27M	152.55M
Net Income	196.10M	223.30M	218.44M	356.46M	348.63M	113.51M
Balance Sheet
Total Assets	2.07B	2.62B	3.05B	1.76B	1.62B	2.69B
Cash, Cash Equivalents and Short-Term Investments	90.00M	799.00M	621.49M	403.37M	779.56M	655.63M
Total Debt	4.90M	4.90M	4.93M	4.95M	7.95M	4.95M
Total Liabilities	860.10M	1.35B	1.88B	623.00M	656.74M	2.01B
Stockholders Equity	1.21B	1.27B	1.17B	1.13B	960.28M	680.86M
Cash Flow
Free Cash Flow	-608.70M	236.60M	361.79M	-220.00M	168.17M	105.93M
Operating Cash Flow	-602.40M	237.10M	361.79M	-212.40M	168.17M	105.93M
Investing Cash Flow	702.40M	-60.70M	-138.18M	397.61M	-208.69M	-58.53M
Financing Cash Flow	-128.40M	-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: Positive
• 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 204.09, above the 50-day MA of 214.50, and below the 200-day MA of 265.12, indicating a bearish trend. The MACD of -7.73 indicates Positive momentum. The RSI at 33.31 is Neutral, neither overbought nor oversold. The STOCH value of 34.16 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
MANAKSIA	67 Neutral	₹3.29B	7.26	―	―	51.38%	-19.06%
OCCL	67 Neutral	₹935.07M	18.71	―	10.99%	-76.65%	-76.77%
INDOBORAX	63 Neutral	₹7.86B	24.50	―	0.38%	12.35%	6.79%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
DICIND	60 Neutral	₹4.70B	25.63	―	0.82%	1.34%	283.51%
VINYLINDIA	58 Neutral	₹3.49B	24.62	―	2.90%	-1.72%	-19.99%
HPAL	56 Neutral	₹2.83B	58.29	―	0.94%	13.33%	-21.39%

Vinyl Chemicals (India) Limited Corporate Events

Vinyl Chemicals Seeks Shareholder Nod for New Board Appointments via E-Voting

Vinyl Chemicals (India) Limited has initiated a postal ballot and remote e-voting process to seek shareholder approval for key board appointments, reflecting ongoing governance updates at the listed chemicals company. The company is proposing the appointment of Kavinder Singh as a Non-Executive, Non-Independent Director and Gira Sardesai as an Independent Director, with the voting conducted exclusively through electronic means in line with Companies Act provisions, MCA and SEBI circulars, and stock exchange regulations. The e-voting, facilitated by NSDL, will run from 4 February to 5 March 2026, with results to be declared by 6 March 2026, underscoring a continued shift toward fully digital shareholder participation and potentially reshaping the board’s composition and oversight structure.

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.