Vipul Organics Limited, a BSE-listed company in the specialty chemicals sector, released its financial results for the fiscal year ending 2024–25. The company reported a year-on-year revenue growth of 8.05%, with total revenue reaching ₹16,314.30 lakh, compared to ₹15,099.30 lakh in the previous year. Profit before tax increased by 37.02% to ₹635.61 lakh on a standalone basis, and profit after tax rose by 32.94% to ₹444.62 lakh. Earnings per share grew by 29.67% on a standalone basis. The board has declared a dividend of ₹0.80 per share, equivalent to 8% per equity share.
For the fourth quarter of FY 2024–25, revenue stood at ₹4,397.55 lakh, reflecting a quarter-on-quarter increase of 5.87%. However, profit before tax dropped by 35.71% and profit after tax declined by 45.32% compared to the previous quarter, primarily due to currency fluctuations and an exchange loss of ₹40.21 lakh.
On a year-over-year basis, fourth-quarter revenue rose by 8.47% compared to the same period in FY 2023–24. Profit before tax was down 24.71%, while profit after tax declined by 25.79% on a standalone basis.
Managing Director Vipul P. Shah noted that the full-year performance reflects improved cost efficiencies, contributing to stronger margins. He also confirmed that the first phase of the company’s greenfield facility at Sayakha is expected to become operational in the third quarter of FY 2025–26, which is anticipated to further boost revenue. Vipul Organics Limited is a prominent Indian specialty chemicals manufacturer specializing in pigments, dyes, and related intermediates. Established in 1968 by Pravinchandra B Shah, the company has evolved from a modest venture into a publicly listed entity on the Bombay Stock Exchange since 1995 .
With a robust presence in over 45 countries, Vipul Organics caters to diverse industries, including textiles, paints, plastics, printing inks, cosmetics, and food . The company’s extensive product portfolio encompasses pigment powders, dispersions, reactive and direct dyes, naphthols, fast color bases, and food-grade colors .
Operating from six state-of-the-art manufacturing facilities in Maharashtra—Palghar, Tarapur, and Ambernath—Vipul Organics employs advanced technologies such as glass-lined vessels, rotary vacuum dryers, and dyno mills to ensure high-quality production . The company is also ISO 14001:2015 certified, underscoring its commitment to environmental sustainability .
In recent years, Vipul Organics has expanded into the paper industry, launching specialized pigment dispersions and dyes under the “SunPulp®” brand. This strategic move aims to capture a significant share of the growing paper dyes market . Under the leadership of Vipul P Shah and the third-generation involvement of Mihir V Shah, Vipul Organics continues to innovate and expand, solidifying its position as a leader in the specialty chemicals sector.
