Vipul Organics Ltd

Operational highlights

• Commencement of commercial production at Sayakha, Gujarat.
• Tarapur pigment production consolidated into Sayakha as footprint rationalisation.
• Sayakha capacity to support over 3,600 MT/year; initial production ~1,800 MT.
• Sayakha site on a 24,633.11 sq m PCPIR plot near Dahej Port.
• Also hosts AdiMem membrane operations with membranes launched earlier this year.
• Exclusive European pigment distribution partnership with Omya Group.
• FY2025-26 standalone revenues Rs 175.40 crore.

Consolidated quarterly highlights

• Consolidated Q1 FY2026-27 revenue: Rs 5,217.52 Lakh; YoY up 38.44%.
• Consolidated Q1 FY2026-27 PBT: Rs 344.47 Lakh; YoY up 113%.
• Consolidated Q1 FY2026-27 PAT: Rs 252.46 Lakh; YoY up 99.75%.
• Consolidated Q1 FY2026-27 EPS: Rs 1.33; YoY up 54.65%.
• QoQ revenue: Rs 5,217.52 Lakh; down 0.85% vs Q4 FY25-26.
• QoQ PBT: Rs 344.47 Lakh; up 14.53%.
• QoQ PAT: Rs 252.46 Lakh; up 27.93%.
• QoQ EPS: Rs 1.33; up 20.9%.
• MD commentary: margin expansion from cost optimization; capex cycle complete.
• Membrane division on track; Vision 2035 roadmap to be shared.

Special Window for physical share transfers

• Opening of Special Window for relodgement of physical share transfers under SEBI Circular 2026.
• Newspaper publication dated 14 July 2026 in Financial Express (English) and Mumbai Lakshadweep (Marathi).
• Publication references SEBI circular HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026.
• No financial terms disclosed; topic relates to regulatory transfer processing.

Dematerialisation status

• Dematerialisation requests received were confirmed to depositories (accepted/rejected) during the period, with listed securities on the relevant exchange.
• Physical certificates received for dematerialisation were mutilated and cancelled after verification; depository registered owner within 15 days.
• Dematerialised securities are listed on the stock exchange where the earlier issued securities are listed.

Strategic partnership

• Vipul Organics announced an exclusive European distribution partnership with Omya.
• Omya will distribute SunTone and SunCoat pigment products across Europe.

Market coverage

• Distribution covers the UK and several European countries, excluding Switzerland and Poland.

Business impact

• Management said the alliance supports global expansion and could accelerate growth over five years.

FY26 results

• Standalone revenue rose 7.74% to Rs. 17,539.57 lakh.
• Standalone PBT increased 50.24% to Rs. 954.92 lakh.
• Standalone PAT increased 55.63% to Rs. 691.96 lakh.
• EPS rose 41.70% to Rs. 3.84.

Q4 FY26 performance

• Q4 revenue increased 19.67% year-on-year to Rs. 5,262.38 lakh.
• Q4 PBT jumped 155.60% year-on-year to Rs. 300.65 lakh.
• Q4 PAT rose 148.59% year-on-year to Rs. 197.23 lakh.
• Q4 revenue grew 13.47% sequentially versus Q3 FY26.

Dividend

• Board recommended 8% dividend, or Re. 0.80 per Rs. 10 share.
• Dividend is subject to shareholder approval at the 54th AGM.

Operations

• Greenfield facility at Sayakha, Gujarat is progressing well.
• Management expects it to add capacity and revenue diversification next year.
• Company said cost optimisation initiatives continued to support performance.

Capital structure

• Company allotted 13,05,400 shares at Rs. 211 each via preferential allotment.
• EPS was calculated using weighted average shares after the allotment.

Meeting Details

• Board meeting scheduled for Saturday, 30 May 2026.

Key Agenda Items

• Approve standalone and consolidated audited financial results for quarter and year ended 31 March 2026.
• Consider recommendation of final dividend on equity shares for FY 2025-26.

Other Notes

• Trading window already closed for designated persons and will reopen 48 hours after results announcement.

Commercial launch

• AdiMem Technologies commenced commercial sale of membranes.
• Vipul Organics targets 25% of topline from membrane solutions within three years.