Vinyl Chemicals (India) Limited (IN:VINYLINDIA)
:VINYLINDIA
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Vinyl Chemicals (India) Limited
(VINYLINDIA)
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Rating:64Neutral
Price Target:
₹268.00
▲(11.64% Upside)
Action:ReiteratedDate:04/27/26
The score is driven mainly by strong balance-sheet quality, partially offset by inconsistent cash conversion and cyclical/softening profitability. Technicals are moderately constructive in the short-to-medium term but are tempered by a weaker long-term trend (below the 200-day average). Valuation is reasonable but not clearly compelling given the cash-flow volatility.
Positive Factors
Very low leverage / strong balance sheet
Extremely low debt and a solid equity base provide long-term financial flexibility. This durable balance-sheet strength reduces refinancing risk, supports capital allocation through cycles, and allows the company to fund capex or absorb downturns without immediate external financing.
Negative Factors
Inconsistent cash generation
Recurrent negative operating and free cash flows in recent years point to weak cash conversion and working-capital volatility. This undermines the company’s ability to self-fund growth, dividends, or buffer downturns despite low leverage, increasing dependence on external funding when cash is strained.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage / strong balance sheet
Extremely low debt and a solid equity base provide long-term financial flexibility. This durable balance-sheet strength reduces refinancing risk, supports capital allocation through cycles, and allows the company to fund capex or absorb downturns without immediate external financing.
Read all positive factors
Vinyl Chemicals (India) Limited (VINYLINDIA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹4.69B
Dividend Yield2.9%
Average Volume (3M)2.11K
Price to Earnings (P/E)18.4
Beta (1Y)1.68
Revenue Growth4.35%
EPS Growth-26.16%
CountryIN
Employees12
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)2.53
Shares Outstanding18,337,112
10 Day Avg. Volume1,712
30 Day Avg. Volume2,109
Financial Highlights & Ratios
PEG Ratio-0.70
Price to Book (P/B)2.32
Price to Sales (P/S)0.46
P/FCF Ratio-18.30
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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
null...
Vinyl Chemicals (India) Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
86
Very Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.22B | 6.52B | 6.25B | 5.97B | 10.13B | 8.65B |
| Gross Profit | 336.80M | 257.00M | 376.10M | 356.18M | 674.80M | 167.60M |
| EBITDA | 271.65M | 212.60M | 293.20M | 298.17M | 489.73M | 467.27M |
| Net Income | 196.10M | 165.00M | 223.30M | 218.44M | 356.46M | 348.63M |
Balance Sheet | ||||||
| Total Assets | 2.07B | 2.33B | 2.62B | 3.05B | 1.76B | 1.62B |
| Cash, Cash Equivalents and Short-Term Investments | 90.00M | 620.30M | 799.00M | 621.49M | 403.37M | 779.56M |
| Total Debt | 4.90M | 4.90M | 4.90M | 4.93M | 4.95M | 7.95M |
| Total Liabilities | 860.10M | 1.03B | 1.35B | 1.88B | 623.00M | 656.74M |
| Stockholders Equity | 1.21B | 1.30B | 1.27B | 1.17B | 1.13B | 960.28M |
Cash Flow | ||||||
| Free Cash Flow | -608.70M | -165.50M | 236.60M | 361.79M | -220.00M | 168.17M |
| Operating Cash Flow | -602.40M | -156.60M | 237.10M | 361.79M | -212.40M | 168.17M |
| Investing Cash Flow | 702.40M | 208.20M | -60.70M | -138.18M | 397.61M | -208.69M |
| Financing Cash Flow | -128.40M | -128.40M | -123.80M | -183.37M | -186.40M | -68.76M |
Vinyl Chemicals (India) Limited Technical Analysis
Positive
240.05
Price Trends
211.14
Positive
224.03
Positive
256.51
Positive
Market Momentum
16.05
Negative
77.35
Negative
90.87
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VINYLINDIA, the sentiment is Positive. The current price of 240.05 is above the 20-day moving average (MA) of 208.56, above the 50-day MA of 211.14, and below the 200-day MA of 256.51, indicating a bullish trend. The MACD of 16.05 indicates Negative momentum. The RSI at 77.35 is Negative, neither overbought nor oversold. The STOCH value of 90.87 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:VINYLINDIA.
Vinyl Chemicals (India) Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | ₹4.69B | 18.35 | ― | 2.90% | 4.35% | -26.16% | |
64 Neutral | ₹1.10B | 18.71 | ― | 10.99% | ― | ― | |
63 Neutral | ₹8.88B | 24.50 | ― | 0.38% | 18.73% | 5.20% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | ₹3.45B | 58.29 | ― | 0.94% | 7.29% | -30.57% | |
59 Neutral | ₹4.00B | 7.26 | ― | ― | 41.39% | -11.23% | |
56 Neutral | ₹5.08B | 25.63 | ― | 0.82% | 1.16% | -11.07% |
* Basic Materials Sector Average
IN:VINYLINDIA
Vinyl Chemicals (India) Limited
255.65
-23.66
-8.47%
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50.12%
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-39.06%
Vinyl Chemicals (India) Limited Corporate Events
Vinyl Chemicals Extends Tenure of Managing and Independent Directors
Apr 25, 2026
Vinyl Chemicals (India) Limited has announced that its board has approved the re-appointment of Managing Director Madhukar Parekh for a further five-year term starting 1 April 2027, subject to shareholder approval. Parekh, an industry veteran with...
Vinyl Chemicals Extends Tenure of Managing and Independent Directors for Five Years
Apr 25, 2026
Vinyl Chemicals (India) Limited has approved the re-appointment of veteran chemical industry executive Madhukar Parekh as Managing Director for a further five-year term starting 1 April 2027, subject to shareholder approval. Parekh, who is also Ex...
Vinyl Chemicals Reappoints Key Directors to Strengthen Leadership and Governance
Apr 25, 2026
Vinyl Chemicals (India) Limited has approved the re-appointment of Shri Madhukar Parekh as Managing Director for a further five-year term starting April 1, 2027, subject to shareholder approval. Parekh, an eminent chemical engineer with more than ...
Vinyl Chemicals Seeks Shareholder Nod for New Board Appointments via E-Voting
Feb 3, 2026
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 ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.