iStockVinati Organics Ltd., incorporated in the year 1989, is a Mid Cap company (having a market cap of Rs 18641.07 Crore) operating in Chemicals sector.
Vinati Organics Ltd. key Products/Revenue Segments include Organic/Inorganic Heavy Chemicals, Scrap and Export Incentives for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2023, the company has reported a Consolidated Total Income of Rs 446.36 Crore, down -14.23 % from last quarter Total Income of Rs 520.39 Crore and down -14.98 % from last year same quarter Total Income of Rs 525.01 Crore. Company has reported net profit after tax of Rs 83.22 Crore in latest quarter.
Investment Rationale
The brokerage believes the current valuation is contextually high at ~35.2x FY25E EPS. Q1 EBITDA/APAT were 24/23% below estimates, owing to lower-than-anticipated revenue.
Promoters held 74.06 per cent stake in the company as of 30-Jun-2023, while FIIs owned 4.47 per cent, DIIs 8.11 per cent.
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