Vadivarhe Speciality Chemicals LimitedVSCLCorporate

Chemicals Latest results: Mar 2026 13 quarters of data

₹21.60

MCap ₹28 Cr

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🏭 Chemicals sector

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₹29 Cr

Sales · Mar 2026

+22.6% YoY

₹3 Cr

Operating Profit · Mar 2026

+168.8% YoY

10.7%

OPM % · Mar 2026

+156.0% YoY

₹2 Cr

Net Profit · Mar 2026

+137.1% YoY

₹1.73

EPS · Mar 2026

+137.1% YoY

📝 Vadivarhe Speciality Chemicals Limited — results explained

Quarter ended March 2026 (Q4 FY26)

Vadivarhe Speciality Chemicals Limited reported revenue of ₹29 crore for the quarter ended March 2026 (Q4 FY26), up 22.6% from ₹23 crore in the same quarter last year.

The company swung to a net profit of ₹2 crore from a net loss of ₹6 crore a year earlier. Earnings per share (EPS) came in at ₹1.73.

Operating profit stood at ₹3 crore — an operating margin (OPM) of 10.7%, compared with -19.1% in the year-ago quarter.

Full year and trailing twelve months

On a trailing-twelve-month (TTM) basis, revenue stands at ₹46 crore with a net loss of ₹2 crore.

Valuation snapshot

At the current price of ₹21.60, VSCL has a market capitalisation of ₹28 crore.

Within the Chemicals industry, it is the 25th-largest of the 79 companies we track by market value.

Shareholding pattern

As of Apr 2026, promoters held 71.73%, public shareholders 28.27% of Vadivarhe Speciality Chemicals Limited.

Promoter holding rose from 66.83% to 71.73% over the latest period.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close

Valuation

Market Cap ?

₹28 Cr

Current Price ?

₹21.6

P/E ?

N/A

Industry P/E ?

24.60

P/B ?

-6.25

P/S ?

0.60

P/FCF ?

4.85

Enterprise Value ?

₹59 Cr

EV/EBITDA ?

95.78

PEG ?

N/A

Earnings Yield ?

-2.1%

Dividend Yield ?

0.00%

Profitability & Returns

Sales (TTM) ?

₹46 Cr

OPM ?

1.4%

Profit after tax (TTM) ?

₹-2 Cr

EPS (TTM) ?

₹-1.28

ROCE ?

-2.0%

ROE ?

37.1%

ROA ?

-4.2%

Growth

Sales — latest qtr ?

₹29 Cr

PAT — latest qtr ?

₹2 Cr

YoY qtr sales growth ?

22.6%

YoY qtr profit growth ?

137.1%

Sales growth (3y) ?

Sales growth (5y) ?

12%

Profit growth (3y) ?

N/A

Profit growth (5y) ?

Financial Health

Debt ?

₹32 Cr

Debt to Equity ?

-7.19

Interest Coverage ?

N/A

Current Ratio ?

N/A

Ownership

Promoter holding ?

71.73%

Change in promoter holding ?

4.90%

Pledged percentage ?

N/A

Market

Return 3 months ?

-25.5%

Return 6 months ?

-23.0%

🗓️ Quarterly results (13 quarters · ₹ Cr)

same fiscal quarter as Mar bestweakest per row · for costs (interest, NPAs) low is best Highlight

Metric	Mar 2020	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Mar 2026	YoY %	QoQ %
Sales	12	14	13	10	12	21	22	14	26	14	23	17	29	+22.6%	—
Operating Profit	-5	-0	-0	-3	-4	2	2	-1	5	-2	-4	-2	3	+168.8%	—
Other Income	0	1	0	0	0	0	1	0	0	0	0	0	1	+200.0%	—
Interest	1	1	1	1	1	1	1	1	1	1	1	1	1	-17.3%	—
Depreciation	1	1	1	1	1	1	1	1	1	1	1	1	1	-5.3%	—
Profit Before Tax	-6	-1	-2	-4	-6	0	1	-2	4	-3	-6	-4	2	+137.2%	—
Net Profit	-4	-1	-2	-4	-6	0	1	-4	4	-3	-6	-4	2	+137.1%	—
EPS	-3.14	-0.83	-1.33	-3.14	-4.37	0.13	0.77	-2.93	2.98	-2.58	-4.66	-3.01	1.73	+137.1%	—
OPM %	-39.2%	-3.4%	-1.3%	-26.2%	-37.4%	7.3%	7.8%	-6.5%	19.0%	-13.4%	-19.1%	-14.4%	10.7%	+156.0%	—

📆 Annual results (₹ Cr, FY = Apr–Mar)

Annual rollup not yet available We need at least 3 quarters of a fiscal year to compute annual figures. This symbol does not yet have a complete fiscal year in our database.

🏛️ Balance Sheet (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Equity Capital	12.78	12.78	12.78	12.78	+0.0%
Reserves	-6.36	-6.29	-15.56	-17.20	-10.5%
Borrowings	26.94	26.18	36.03	31.77	-11.8%
Other Liabilities	13.08	8.94	9.48	11.42	+20.5%
Total Liabilities	46.44	41.61	42.73	38.77	-9.3%
Fixed Assets	23.36	21.59	22.43	21.07	-6.1%
CWIP	0.99	1.56	0.08	0.19	+137.5%
Investments	0.05	0.05	0.05	0.05	+0.0%
Other Assets	22.04	18.41	20.17	17.46	-13.4%
Total Assets	46.44	41.61	42.73	38.77	-9.3%

💧 Cash Flow (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Cash from Operating Activity	-0.35	2.26	-7.15	6.36	+189.0%
Cash from Investing Activity	-0.69	-0.51	-1.32	-0.63	+52.3%
Cash from Financing Activity	1.05	-2.04	8.53	-5.61	-165.8%
Net Cash Flow	0.00	-0.29	0.05	0.12	+140.0%
Free Cash Flow	-1.11	1.72	-8.50	5.69	+166.9%
CFO/OP	-10%	81%	121%	1,060%	+776.0%

➗ Ratios (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Debtor Days	48.22	44.99	79.53	64.66	-18.7%
Inventory Days	120.82	147.37	128.08	107.78	-15.8%
Days Payable	145.63	122.81	98.83	112.80	+14.1%
Cash Conversion Cycle	23.40	69.55	108.78	59.64	-45.2%
Working Capital Days	-33.09	15.39	-27.83	-63.94	-129.8%
ROCE %	7.61%	10.15%	-22.66%	-2.05%	+91.0%

👥 Shareholding (latest 4 periods)

Metric	Sep 2025	Dec 2025	Mar 2026	Apr 2026	% Chg
Promoters	66.83%	66.83%	66.83%	71.73%	+7.3%
Public	33.17%	33.17%	33.17%	28.27%	-14.8%
No. of Shareholders	448	438	426	426	+0.0%

⚖️ Peer comparison

Industry: Chemicals · top 25 of 79 companies · full page →

#	Company	CMP	MCap (Cr)	P/E	Sales TTM	NP TTM	OPM%	NPM%	Sales YoY%	NP YoY%	Qtr Rev Δ%	Qtr NP Δ%
1	NAVINFLUOR Navin Fluorine	₹8,545.00	43,843	55.4	3,634	790	33.9%	21.7%	41.1%	130.1%	44.1%	107.7%
2	DEEPAKNTR Deepak Nitrite	₹1,596.00	21,768	27.8	8,575	784	15.5%	9.1%	-4.8%	-22.5%	36.4%	207.4%
3	DEEPAKFERT Deepak Fertilisers	₹1,323.00	16,718	17.0	12,103	985	16.7%	8.1%	12.0%	-21.8%	22.5%	101.0%
4	TATACHEM Tata Chemicals	₹615.00	15,668	—	15,120	-1,971	11.3%	-13.0%	-2.0%	-543.2%	14.4%	-81.0%
5	PCBL PCBL Chemical	₹331.50	13,043	43.3	6,596	298	13.4%	4.5%	-12.5%	-46.0%	17.0%	64.8%
6	JUBLINGREA Jubilant Ingrevia	₹647.25	10,208	33.3	4,651	308	13.4%	6.6%	5.1%	10.3%	25.3%	40.9%
7	ALKYLAMINE Alkyl Amines	₹1,818.60	9,301	41.3	1,658	225	20.6%	13.5%	-2.3%	-3.8%	30.1%	93.1%
8	CLEAN Clean Science	₹820.00	8,715	37.4	982	232	35.7%	23.6%	-2.5%	-13.7%	21.9%	-4.7%
9	GNFC Gujarat Narmada	₹539.75	7,931	7.6	8,410	1,037	14.8%	12.3%	-1.5%	35.3%	39.8%	275.9%
10	GALAXYSURF Galaxy Surfactants	₹2,156.30	7,887	21.6	5,752	353	10.4%	6.1%	24.3%	-50.0%	39.4%	108.7%
11	NEOGEN Neogen Chemicals	₹2,403.50	7,221	180.9	926	36	16.6%	3.8%	10.9%	-17.6%	34.0%	66.8%
12	BALAMINES Balaji Amines	₹2,215.00	7,177	35.3	1,523	211	21.4%	13.9%	2.0%	6.5%	27.2%	113.9%
13	FCL Fineotex Chemical	₹53.07	6,180	41.6	1,012	148	16.7%	14.6%	44.8%	14.5%	174.8%	92.6%
14	ACI Archean Chemical	₹470.90	5,814	61.0	1,123	95	20.3%	8.5%	7.8%	-37.0%	8.9%	-24.4%
15	GULFOILLUB Gulf Oil	₹1,057.20	5,235	13.9	4,367	371	12.6%	8.5%	11.7%	-3.4%	30.6%	27.0%
16	FOSECOIND Foseco India	₹6,846.50	5,186	64.7	618	77	17.5%	12.5%	12.2%	-1.9%	9.2%	8.9%
17	GUJALKALI Gujarat Alkalies	₹696.50	5,115	77.0	4,497	66	11.2%	1.5%	7.0%	96.3%	12.6%	499.0%
18	LXCHEM Laxmi Organic	₹178.50	4,961	40.2	3,117	123	8.2%	4.0%	-4.7%	-43.4%	44.1%	194.8%
19	VISHNU Vishnu Chemicals	₹724.90	4,880	32.6	1,694	150	15.5%	8.8%	11.1%	12.2%	24.9%	23.0%
20	YASHO Yasho Industries	₹4,028.70	4,857	84.9	939	57	19.5%	6.1%	24.0%	771.1%	54.9%	801.3%
21	EPIGRAL Epigral	₹1,084.00	4,677	17.3	2,626	271	22.2%	10.3%	-0.9%	-7.2%	16.3%	-37.9%
22	TATVA Tatva Chintan	₹1,867.60	4,369	85.0	556	51	19.3%	9.2%	32.6%	702.6%	42.8%	128.3%
23	GHCL GHCL	₹418.85	3,839	7.4	3,043	525	23.0%	17.3%	-3.7%	-23.5%	-2.7%	31.8%
24	PREMEXPLN Premier Explosives	₹685.10	3,685	110.0	349	34	6.8%	9.6%	-7.0%	60.5%	-27.8%	-80.2%
25	VSCL Vadivarhe Speci.	₹52.20	67	—	46	-2	1.4%	-3.6%	—	—	22.6%	137.1%

❓ Frequently asked questions

What was Vadivarhe Speciality Chemicals Limited's revenue in Q4 FY26?