Vipul Organics Limited, the BSE listed (VIPULORG / 530627) leading Specialty Chemicals company in the pigments and dyes segment, announced their annual results.

Some of the key highlights are:

Financials at a glance:

Annual Results: (Rupees in Lakhs except EPS)
 
Quarterly Results: (QoQ)   (Rupees in Lakhs except EPS)
 
Quarterly results (YoY)  (Rupees in Lakhs except EPS)
 
 

Speaking on the future outlook for Vipul Organics, Mr. Vipul Shah added: “We are targeting a CAGR of 25% in revenues in the coming years and are confident that barring unforeseen circumstances, we will achieve this. We have undertaken major capex over the last couple of years but were not able to take advantage of the increased production capacities due to the Pandemic and Global crisis that we are facing now. We will see the full impact of the increased capacities this year and going forward. We are currently working at 70-80% of our installed capacity and plan to increase this to around 90%. Our product mix is also undergoing a change and we are constantly trying to reach up the value chain. We are also exploring other overseas market besides the 50+ countries that we are already exporting to. We will see a margin expansion due to these efforts.”

Vipul Organics is celebrating its 50th year of operations. To commemorate this and recognize the support of all stakeholders, the company has issued bonus shares in the ratio of 1:4 and also declared a ESOS (Employee Stock Option Scheme) for its employees.