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Vinyl Chemicals (India) Limited
(VINYLINDIA)
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Rating:58Neutral
Price Target:
₹227.00
▼(-6.89% Downside)
Action:Reiterated
Date:08/04/26
The score is primarily driven by mixed financial performance: the company’s very low leverage is a key strength, but cash-flow volatility and softer recent profitability reduce confidence in financial quality. Technical indicators add a modest headwind due to negative momentum, while valuation is neutral-to-slightly supportive given the dividend alongside a mid-to-high P/E.
Positive Factors
Very low leverage
Extremely low leverage and a solid equity base reduce balance-sheet strain and preserve financial flexibility through industry cycles. This gives Vinyl Chemicals greater capacity to withstand weaker demand, fund operations internally, and consider growth investments without heavy debt-service obligations.
Negative Factors
Unreliable cash conversion
Repeated periods of negative operating and free cash flow despite reported profits indicate that earnings do not consistently convert into cash. This can constrain internally funded investment, increase dependence on working-capital management, and make financial performance less reliable through the cycle.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Extremely low leverage and a solid equity base reduce balance-sheet strain and preserve financial flexibility through industry cycles. This gives Vinyl Chemicals greater capacity to withstand weaker demand, fund operations internally, and consider growth investments without heavy debt-service obligations.
Read all positive factors
Vinyl Chemicals (India) Limited (VINYLINDIA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹4.02B
Dividend Yield3.24%
Average Volume (3M)821.00
Price to Earnings (P/E)21.5
Beta (1Y)1.64
Revenue Growth-3.22%
EPS Growth-14.59%
CountryIN
Employees13
SectorGeneral
Sector StrengthN/A
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)10.18
Shares Outstanding18,337,112
10 Day Avg. Volume817
30 Day Avg. Volume821
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
Founded in Mumbai, India, in 1986, Vinyl Chemicals (India) Limited conducts its business as a distributor of a wide array of chemicals. The company's commercial activities extend both domestically within India and across international borders. Its...
How the Company Makes Money
VINYLINDIA primarily makes money by manufacturing specialty chemical products and selling them to industrial customers (B2B) in India and, where applicable, export markets. Revenue is generated mainly from (1) product sales: the bulk of income com...
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 | 6.01B | 6.52B | 6.25B | 5.97B | 10.13B | 8.65B |
| Gross Profit | 274.00M | 257.00M | 376.10M | 356.18M | 674.80M | 167.60M |
| EBITDA | 237.20M | 223.80M | 293.20M | 298.17M | 489.73M | 467.27M |
| Net Income | 186.70M | 165.00M | 223.30M | 218.44M | 356.46M | 348.63M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 2.33B | 2.62B | 3.05B | 1.76B | 1.62B |
| Cash, Cash Equivalents and Short-Term Investments | 603.96M | 620.30M | 799.00M | 621.49M | 403.37M | 779.56M |
| Total Debt | 0.00 | 4.90M | 4.90M | 4.93M | 4.95M | 7.95M |
| Total Liabilities | -1.30B | 1.03B | 1.35B | 1.88B | 623.00M | 656.74M |
| Stockholders Equity | 1.30B | 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
Negative
243.80
Price Trends
234.18
Negative
245.24
Negative
232.48
Negative
Market Momentum
-4.83
Negative
38.71
Neutral
43.58
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 243.8 is above the 20-day moving average (MA) of 222.98, above the 50-day MA of 234.18, and above the 200-day MA of 232.48, indicating a bearish trend. The MACD of -4.83 indicates Negative momentum. The RSI at 38.71 is Neutral, neither overbought nor oversold. The STOCH value of 43.58 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹9.99B | 27.79 | ― | 0.16% | 19.33% | 33.81% | |
65 Neutral | ₹5.29B | 12.16 | ― | 1.51% | 5.48% | 35.53% | |
62 Neutral | ₹2.95B | 17.95 | ― | 1.52% | 3.55% | -21.35% | |
58 Neutral | ₹4.02B | 21.47 | ― | 3.24% | -3.22% | -14.59% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹34.10B | 21.49 | ― | 0.28% | 9.55% | 13.87% | |
47 Neutral | ₹30.28B | -3.02 | ― | 0.85% | -58.49% | -4440.85% |
* General Sector Average
IN:VINYLINDIA
Vinyl Chemicals (India) Limited
218.00
-57.51
-20.88%
IN:JINDALPOLY
Jindal Poly Films Limited
684.10
135.55
24.71%
IN:PLASTIBLEN
Plastiblends India Limited
199.50
19.26
10.68%
IN:PODDARMENT
Poddar Pigments Limited
264.70
3.13
1.20%
IN:POLYPLEX
Polyplex Corporation Limited
1,064.05
30.76
2.98%
IN:PREMIERPOL
Premier Polyfilm Limited
92.53
46.37
100.47%
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.