🔍

Vinyl Chemicals (India) Limited (VINYLINDIA)

₹202.00 -1.92% today, as of 13:34 IST · NSE, refreshed every 5 minutes while the market is open

📊 NSE: VINYLINDIA 🏢 Trading - Chemicals 📢 Latest filing: 11 Sep 2026 📝 Analysis written: 14 Dec 2025

Q2 FY27 results

📅 Next results: 26 Oct 2026 (board meeting)

Vinyl Chemicals (India) Limited's board meets on 26 Oct 2026 to consider its Q2 FY27 results (July-September 2026).

In its latest reported quarter, Q1 FY27, Vinyl Chemicals' revenue was ₹99.6 Cr (-34.1% year on year, -44.6% on the previous quarter), and net profit ₹6.6 Cr (+48.8% year on year); the operating margin was 2.7%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹99.6	-34.1%	-44.6%
Operating profit	₹2.7	+36.0%	-5.6%
Net profit	₹6.6	+48.8%	+42.4%
EPS (₹)	3.61	+48.6%	+42.1%
Operating margin	2.7%	—	—

Full quarterly financials → Results calendar →

VINYLINDIA delivery percentage

NSE end-of-day data for Thu, 22 Oct 2026

On Thu, 22 Oct 2026, 70.49% of the VINYLINDIA shares traded on NSE were taken to delivery, against the stock's own 20-session average of 70.99%. That is close to its usual level. Turnover was only ₹9 lakh, so a handful of trades can move this figure.

70.49%Delivery, 22 Oct

70.99%Own 20-session average

0.6×Volume vs its average

₹205.95NSE close · +2.15%

Delivery in the last 5 sessions: 47.5% · 54.8% · 73.0% · 58.3% · 70.5%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

India Ratings Affirms Vinyl Chemicals' Bank Facilities at IND A+/Stable/IND A1+ for Rs 78 Cr

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 11 Sep 2026, 03:47 PM

India Ratings & Research (Ind-Ra) has affirmed its ratings for Vinyl Chemicals (India) Limited's bank loan facilities totaling Rs 780 million (Rs 78 crore). The long-term facilities maintain an 'IND A+/Stable' rating, while short-term facilities are affirmed at 'IND A1+'. The rated facilities comprise Rs 9 crore in fund-based working capital limits and Rs 69 crore in non-fund-based limits across Union Bank of India, Indian Overseas Bank, and ICICI Bank. Because the ratings and outlook remain unchanged, this is a routine annual reaffirmation.

India Ratings affirmed bank loan facilities totaling INR 780 million (Rs 78 crore)
Long-term bank facilities affirmed at 'IND A+/Stable'
Short-term non-fund-based bank facilities affirmed at 'IND A1+'
Facilities include Rs 90 million in fund-based and Rs 690 million in non-fund-based limits across three banks

💡 Track upcoming quarterly operational performance and working capital management, as the reaffirmed ratings maintain low borrowing and non-fund-based trade finance costs.

Vinyl Chemicals Q1 Net Profit Rises 48.7% YoY to ₹6.62 Cr Despite 34% Revenue Drop

🟢 POSITIVE ⭐ 6/10

EARNINGS 📅 30 Jul 2026, 01:17 PM

Vinyl Chemicals (India) Limited reported a mixed performance for Q1 FY27, with net profit growing 48.7% YoY to ₹6.62 crore. This bottom-line growth came despite a significant 34.1% YoY decline in revenue from operations, which fell to ₹99.64 crore. The profitability was supported by a rise in other income to ₹6.28 crore and substantial inventory adjustments. As a pure-play trader of Vinyl Acetate Monomer (VAM), the company's margins remain sensitive to global price spreads and currency volatility, evidenced by a ₹4.72 crore forex expense this quarter.

Net Profit increased 48.7% YoY to ₹6.62 crore from ₹4.45 crore in the same quarter last year.
Revenue from operations declined 34.1% YoY to ₹99.64 crore compared to ₹151.23 crore in Q1 FY26.
Earnings Per Share (EPS) improved to ₹3.61 from ₹2.42 YoY.
Other Income rose to ₹6.28 crore, contributing significantly to the total income of ₹105.92 crore.
Foreign exchange difference expense remained high at ₹4.72 crore, up from ₹3.87 crore YoY.

💡 Investors should monitor global VAM price trends and the USD/INR exchange rate, as the company's lean trading model (only 13 employees) makes it highly sensitive to these external macro factors rather than internal operational efficiencies.

June 30, 2026: Vinyl Chemicals Submits Quarterly Share Dematerialization Certificate

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 08 Jul 2026, 01:59 PM

Vinyl Chemicals (India) Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by the Registrar & Share Transfer Agent MUFG Intime India Private Limited, confirms that all securities dematerialized or rematerialized during the quarter ended June 30, 2026, have been reported to the BSE and NSE. This is a standard procedural filing required to ensure the integrity of the company's shareholding records. There is no impact on the company's financial performance or business operations.

Compliance certificate for the quarter ended June 30, 2026
Confirmation issued by RTA MUFG Intime India Private Limited on July 8, 2026
Verification of reporting to BSE and NSE as per SEBI Regulation 74(5)

💡 No action is required as this is a routine administrative filing. Investors should monitor the upcoming quarterly financial results for material business updates.

Vinyl Chemicals to Close Trading Window from June 30, 2026, for Q1 Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 25 Jun 2026, 11:35 AM

Vinyl Chemicals (India) Limited has announced the closure of its trading window for all designated persons and their immediate relatives starting June 30, 2026. This action is taken in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the announcement of the company's unaudited financial results for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the financial results are declared to the public. This is a standard regulatory procedure for listed companies in India.

Trading window closure begins on June 30, 2026.
Closure is related to the Unaudited Financial Results for the quarter ended June 30, 2026.
The window will reopen 48 hours after the official declaration of the financial results.
Compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

💡 No immediate action is required as this is a routine regulatory filing. Investors should look out for the upcoming board meeting date announcement for the actual Q1 financial results.

Vinyl Chemicals Approves ₹7 Dividend and ₹1,300 Cr Related Party Transactions at 40th AGM

🟡 NEUTRAL ⭐ 6/10

ROUTINE 📅 23 Jun 2026, 04:34 PM

Vinyl Chemicals (India) Limited held its 40th Annual General Meeting, formalizing the approval of a ₹7 per share dividend for FY 2025-26, totaling ₹12.84 crore. A significant resolution was passed authorizing material related party transactions with its promoter, Pidilite Industries Limited, for an aggregate value up to ₹1,300 crore. The company also ensured leadership continuity by re-appointing Shri M.B. Parekh as Managing Director for a five-year term starting April 2027. Additionally, shareholders approved the adoption of audited financial statements and commission payments for non-executive directors.

Approved a dividend of ₹7 per equity share (700% on ₹1 face value) for the financial year ended March 31, 2026.
Authorized material related party transactions with Pidilite Industries Limited up to a limit of ₹1,300 crore for FY 2026-27.
Re-appointed Shri M.B. Parekh as Managing Director for a 5-year term effective from April 1, 2027.
Approved commission for Non-Executive Directors not exceeding 1% per annum of the net profits of the company.
Re-appointed Shri N.K. Parekh as a Director, complying with special resolution requirements for directors over 75 years of age.

💡 Investors should monitor the company's heavy reliance on Pidilite Industries, as the ₹1,300 crore transaction limit underscores a deep operational link. The steady dividend payout remains a positive sign for long-term yield-seeking shareholders.

Vinyl Chemicals Concludes 40th AGM; All 7 Resolutions Passed with Requisite Majority

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 05 Jun 2026, 07:38 PM

Vinyl Chemicals (India) Limited held its 40th Annual General Meeting on June 5, 2026, where shareholders approved all seven proposed resolutions. Key items included the adoption of audited financial statements for the fiscal year ended March 31, 2026. The Chairman, Shri M.B. Parekh, addressed queries from nine shareholders regarding the company's financial performance and future outlook. The meeting was conducted via video conferencing, and the auditors' reports were notably free of any qualifications or adverse remarks.

Successfully concluded the 40th Annual General Meeting on June 5, 2026, with all 7 resolutions passed.
Adopted the Audited Financial Statements for the Financial Year ended March 31, 2026.
The Chairman addressed queries from 9 shareholders regarding financial performance and future outlook.
Statutory and Secretarial Auditors' reports were clean, containing no qualifications or adverse remarks.
Remote e-voting was conducted between June 2 and June 4, 2026, prior to the meeting.

💡 No immediate action is required as the meeting was routine and resolutions were passed as expected. Investors should monitor the company's website for the detailed voting results and the Chairman's speech for specific outlook details.

Vinyl Chemicals (India) Concludes 40th AGM; All 7 Resolutions Passed with Requisite Majority

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 05 Jun 2026, 07:36 PM

Vinyl Chemicals (India) Limited successfully conducted its 40th Annual General Meeting on June 5, 2026, via video conferencing. Shareholders approved seven resolutions, including the adoption of audited financial statements for the fiscal year ending March 31, 2026. During the meeting, nine shareholders raised queries regarding the company's financial performance and outlook, which were addressed by Chairman M.B. Parekh. All proposed items were passed with the requisite majority as per the Scrutinizer's report.

40th Annual General Meeting concluded on June 5, 2026, with 7 resolutions passed by shareholders.
Remote e-voting was conducted between June 2 and June 4, 2026, supplemented by e-voting during the AGM.
Audited Financial Statements for the financial year ended March 31, 2026, were officially adopted.
A total of 9 shareholders participated in the discussion, raising queries on financial performance and future outlook.

💡 Investors should review the Chairman's speech and the detailed voting results for any qualitative insights into the company's future strategy. No immediate portfolio action is required as the meeting followed routine governance procedures.

Vinyl Chemicals to Transfer Unclaimed Shares from FY 2018-19 to IEPF by August 31, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 01 Jun 2026, 09:59 AM

Vinyl Chemicals (India) Limited has notified shareholders regarding the mandatory transfer of equity shares to the Investor Education and Protection Fund (IEPF) Authority. This action pertains to shares where dividends for the Financial Year 2018-2019 have remained unclaimed or unpaid for seven consecutive years. Affected shareholders must claim their dividends by August 31, 2026, to avoid the transfer of their shares to the IEPF demat account. Once transferred, shareholders must follow a specific refund process with the IEPF Authority to reclaim their holdings.

Shares with unclaimed dividends since FY 2018-2019 are liable for transfer to the IEPF Authority under Section 124 of the Companies Act, 2013.
The final deadline for shareholders to claim these dividends to prevent share transfer is August 31, 2026.
Physical share certificates for transferred shares will be automatically cancelled and deemed non-negotiable.
Shareholders can reclaim transferred shares and benefits only from the IEPF Authority by filing Form IEPF-5.
The company has uploaded the list of affected shareholders on its website for verification.

💡 Investors should check the 'unclaimed dividend' section on Vinyl Chemicals' website to ensure their holdings are not at risk of transfer. If listed, contact the RTA, MUFG Intime India Pvt. Ltd., immediately before the August 31 deadline.

Vinyl Chemicals (India) Ltd to Hold 40th Annual General Meeting on June 5, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 13 May 2026, 10:54 AM

Vinyl Chemicals (India) Limited has announced that its 40th Annual General Meeting (AGM) is scheduled for Friday, June 5, 2026. The meeting will be conducted via video conferencing and other audio-visual means in compliance with regulatory standards. Newspaper advertisements regarding the AGM were published on May 13, 2026, in Business Standard and Tarun Bharat. This is a routine administrative filing to ensure shareholder participation in the company's annual governance process.

The 40th Annual General Meeting is officially scheduled for June 5, 2026.
Meeting will be held through Video Conference (VC) or Other Audio-Visual Means (OAVM).
Public advertisements were released on May 13, 2026, in English and Marathi newspapers.
The filing serves as a formal notification to the BSE and NSE regarding shareholder communication.

💡 Shareholders should review the upcoming AGM notice for details on voting and participation. No immediate investment action is required as this is a standard regulatory update.

Vinyl Chemicals Sets May 22 as Record Date for Dividend; 40th AGM on June 5

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 13 May 2026, 10:42 AM

Vinyl Chemicals (India) Limited has scheduled its 40th Annual General Meeting (AGM) for June 5, 2026, to be conducted via video conferencing. The company has fixed May 22, 2026, as the record date for determining shareholder eligibility for the upcoming dividend. Shareholders are required to submit TDS exemption forms by May 20, 2026, to ensure appropriate tax treatment. The dividend is slated for payment starting from June 15, 2026.

40th Annual General Meeting scheduled for June 5, 2026, at 3:30 p.m. IST
Record date for dividend eligibility is fixed as May 22, 2026
Dividend payment to be processed on or after June 15, 2026
Remote e-voting period runs from June 2 to June 4, 2026
Deadline for TDS exemption form submission is May 20, 2026

💡 Existing shareholders should ensure their bank details and email addresses are updated to receive the dividend and annual report. Note the May 22 record date for dividend eligibility.

Vinyl Chemicals to Seek Approval for ₹1,300 Cr RPT with Pidilite and Dividend Declaration

🟡 NEUTRAL ⭐ 6/10

ROUTINE 📅 12 May 2026, 07:28 PM

Vinyl Chemicals (India) Limited has scheduled its 40th Annual General Meeting for June 5, 2026, to approve the financial statements and declare a dividend for FY 2025-26. A key resolution includes seeking shareholder approval for material related party transactions with Pidilite Industries Limited for an aggregate value up to ₹1,300 Crores. The company is also proposing the re-appointment of Shri M. B. Parekh as Managing Director for a five-year term starting April 2027 and the re-appointment of other key directors.

40th Annual General Meeting scheduled for June 5, 2026, to transact ordinary and special business.
Proposed approval for material related party transactions with Pidilite Industries Ltd up to ₹1,300 Crores for FY 2026-27.
Declaration of dividend for the financial year ended March 31, 2026, subject to shareholder approval.
Re-appointment of Shri M. B. Parekh as Managing Director for a 5-year term effective April 1, 2027.
Re-appointment of Shri P. D. Shah as Independent Director for a second term of five years until 2031.

💡 Investors should note the upcoming dividend declaration and the significant volume of related party transactions with Pidilite, which is central to the company's operations. Monitor the AGM outcomes for final dividend details and management continuity.

Vinyl Chemicals to Hold 40th AGM on June 5, 2026; Proposes ₹1,300 Cr RPT with Pidilite

🟡 NEUTRAL ⭐ 6/10

ROUTINE 📅 12 May 2026, 07:26 PM

Vinyl Chemicals (India) Limited has scheduled its 40th Annual General Meeting for June 5, 2026, to approve the FY 2025-26 financial statements and declare a dividend. A key resolution involves approving material related party transactions with its promoter, Pidilite Industries Limited, for an aggregate value up to ₹1,300 Crores for the upcoming year. The company also seeks to re-appoint Shri M.B. Parekh as Managing Director for a five-year term starting April 2027 and Shri P.D. Shah as an Independent Director. Additionally, a proposal to pay commissions to non-executive directors up to 1% of net profits is on the agenda.

40th Annual General Meeting scheduled for June 5, 2026, via Video Conferencing.
Proposed material related party transactions with Pidilite Industries Ltd capped at ₹1,300 Crores.
Re-appointment of Shri M.B. Parekh as Managing Director for 5 years effective April 1, 2027.
Approval sought for dividend declaration for the financial year ended March 31, 2026.
Proposed commission to Non-Executive Directors not to exceed 1% of annual net profits.

💡 Investors should monitor the approval of the ₹1,300 Crore RPT with Pidilite as it is central to the company's trading operations. Additionally, keep an eye on the dividend announcement for yield assessment.

Vinyl Chemicals (India) Limited to Convene 40th AGM on June 5, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 09 May 2026, 11:47 AM

Vinyl Chemicals (India) Limited has announced that its 40th Annual General Meeting (AGM) is scheduled for Friday, June 5, 2026. The meeting will be conducted through video conferencing or other audio-visual means in compliance with regulatory standards. The company has published the necessary newspaper advertisements in Business Standard and Tarun Bharat to notify shareholders. This is a standard procedural update regarding the company's annual corporate governance cycle.

40th Annual General Meeting (AGM) scheduled for Friday, June 5, 2026.
Meeting to be held via Video Conference (VC) or Other Audio-Visual Means (OAVM).
Newspaper advertisements published on May 9, 2026, in Business Standard and Tarun Bharat.
The announcement follows standard regulatory disclosure requirements for listed entities.

💡 No immediate action is required; shareholders should look out for the Annual Report and participate in the AGM to stay informed on company performance.

Vinyl Chemicals Sets May 22 as Record Date for FY26 Dividend; 40th AGM on June 5

🟢 POSITIVE ⭐ 6/10

DIVIDEND 📅 07 May 2026, 04:40 PM

Vinyl Chemicals (India) Limited has announced the schedule for its 40th Annual General Meeting (AGM) and the record date for its dividend for the financial year 2025-2026. The company has fixed May 22, 2026, as the record date to identify shareholders eligible for the dividend payout. Subject to shareholder approval at the AGM on June 5, 2026, the dividend will be paid starting June 15, 2026. This provides a clear timeline for income-seeking investors regarding their upcoming payouts.

Record date for dividend eligibility is fixed as Friday, May 22, 2026.
The 40th Annual General Meeting (AGM) is scheduled for Friday, June 5, 2026.
Dividend payment will be made on or after Monday, June 15, 2026, post-shareholder approval.
The dividend pertains to the financial year ended March 31, 2026.

💡 Investors interested in the dividend should ensure they hold the shares before the ex-dividend date, which typically precedes the May 22 record date. Monitor the AGM for the final dividend rate and management commentary on future growth.

Vinyl Chemicals Sets May 22, 2026, as Record Date for FY26 Dividend

🟢 POSITIVE ⭐ 6/10

DIVIDEND 📅 07 May 2026, 04:39 PM

Vinyl Chemicals (India) Limited has officially announced the record date for its dividend payment for the financial year 2025-2026. The company has fixed Friday, May 22, 2026, as the record date to determine shareholder eligibility for the payout. The dividend is subject to approval at the 40th Annual General Meeting scheduled for June 5, 2026. Upon approval, the payment will be processed on or after June 15, 2026, after tax deduction at source.

Record date for dividend eligibility is fixed as May 22, 2026
The 40th Annual General Meeting (AGM) is scheduled for June 5, 2026
Dividend payment to commence on or after June 15, 2026, post-AGM approval
The dividend pertains to the financial year ended March 31, 2026

💡 Investors seeking to qualify for the dividend should ensure they hold the shares before the record date of May 22, 2026. Long-term investors should track the AGM outcome for the final dividend amount confirmation.

View All VINYLINDIA Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

The company operates in a single segment: Trading in Chemicals. Total expenses, a proxy for trading volume, increased by 4.91% from INR 571.79 Cr in FY24 to INR 599.85 Cr in FY25. Profit Before Tax grew by 2.47% from INR 29.67 Cr to INR 30.40 Cr.

Profitability Margins

Operating Profit Margin declined from 5.69% in FY24 to 5.28% in FY25. Net Profit Margin decreased from 5.20% to 5.09%. The decline is attributed to higher average debtors and fluctuations in chemical prices affecting the spread.

EBITDA Margin

Operating Profit Margin was 5.28% in FY25, down 41 basis points from 5.69% YoY. Core profitability is sensitive to the price spread of Vinyl Acetate Monomer (VAM) and foreign exchange rates.

Capital Expenditure

Minimal capital expenditure was recorded. INR 0.05 Cr (INR 5 Lakhs) was spent on Property, Plant & Equipment in FY25. Total PPE value stood at INR 0.52 Cr as of March 31, 2025.

Credit Rating & Borrowing

The company has non-current borrowings of INR 0.49 Cr. Working capital limits in excess of INR 5 Cr have been sanctioned by banks against current assets. Specific interest rates and credit ratings were not disclosed.

⚙️ Operational Drivers

Raw Materials

As a trading company, the primary 'raw material' or stock-in-trade is Vinyl Acetate Monomer (VAM), which constitutes the bulk of the INR 599.85 Cr total expenses.

Import Sources

The company imports chemicals for trading in India; however, specific source countries were not disclosed in the documents.

Capacity Expansion

Not applicable as the company is engaged in trading activities rather than manufacturing. It maintains a lean operation with 13 employees.

Raw Material Costs

Total expenses (primarily purchase of stock) rose 4.91% YoY to INR 599.85 Cr. Procurement costs are highly sensitive to global VAM prices and USD/INR exchange rates.

Manufacturing Efficiency

Not applicable for trading operations. Efficiency is measured via turnover ratios.

📈 Strategic Growth

Growth Strategy

The company focuses on maintaining its position in the VAM trading market. Growth is dependent on the demand for VAM in India and the company's ability to manage the price and currency risks associated with imports. It maintains a high current ratio (1.93) to support trading liquidity.

Products & Services

Trading of chemicals, primarily Vinyl Acetate Monomer (VAM).

Market Share & Ranking

The company is one of approximately 15 regular importers of VAM in India. Specific market share percentage was not disclosed.

🌍 External Factors

Industry Trends

The industry is characterized by a large number of active trading companies. The VAM market in India is competitive with 15 regular importers. Future outlook depends on the growth of end-user industries like adhesives and coatings.

Competitive Landscape

Highly competitive with approximately 15 regular importers of VAM in India.

Competitive Moat

The company's moat is based on its established relationships in the chemical trading market and its lean cost structure (only 13 employees). However, as a pure trader, it lacks a strong manufacturing or patent-based moat.

Macro Economic Sensitivity

Highly sensitive to global chemical demand cycles and USD/INR exchange rate volatility due to the import-dependent nature of the business.

Consumer Behavior

Demand is driven by industrial users of VAM; shifts in industrial production in India directly affect trading volumes.

Geopolitical Risks

Trade barriers or supply chain disruptions in VAM-producing regions would impact the company's ability to source material and maintain trading volumes.

⚖️ Regulatory & Governance

Industry Regulations

The company must comply with chemical import regulations and safety standards for handling and storage of VAM. Cost records under Section 148(1) are not applicable.

Taxation Policy Impact

The effective tax rate for FY25 was 26.54%, with a total tax expense of INR 8.07 Cr on a Profit Before Tax of INR 30.40 Cr.

Legal Contingencies

The company has disclosed pending litigations in Note 33 of its financial statements. Specific case values were not provided in the summary documents.

⚠️ Risk Analysis

Key Uncertainties

Foreign currency fluctuation and chemical price volatility are the primary risks, potentially impacting margins by 5-10% in volatile periods.

Third Party Dependencies

High dependency on global VAM producers for supply, though specific supplier names were not disclosed.

Technology Obsolescence Risk

Low risk for the core trading business, but the company has implemented audit trail features in its accounting software to meet regulatory requirements.