Vinati Organics Ltd., incorporated in the year 1989, is a Mid Cap company (having a market cap of Rs 19685.85 Crore) operating in Chemicals sector.
Financials
For the quarter ended 31-03-2021, the company reported a Standalone Total Income of Rs 286.34 Crore, up 23.02 % from last quarter Total Income of Rs 232.76 Crore and up 9.47 % from last year same quarter Total Income of Rs 261.56 Crore. Company reported net profit after tax of Rs 70.86 Crore in latest quarter.
Investment Rationale
Better demand outlook of ATBS and IBB are likely to augur well for overall revenue growth, which is expected to grow 51.2% YoY to Rs 350 crore. OPM is likely to remain at 39.4% (down 260 bps YoY) translating into EBITDA of Rs 138 crore (up 42% YoY). PAT is expected to remain at Rs 100 crore (up 38.9% YoY). Key Monitorables: Timeline for Veeral Additives consolidation and progress of Butyl phenol plant utilisation.
Promoter/FII Holdings
Promoters held 74.1 per cent stake in the company as of March 31, 2021, while FIIs held 3.5 per cent, DIIs 7.3 per cent and public and others 15.2 per cent.
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