Vinati Organics Ltd, established in 1989 and headquartered in Mahad, Maharashtra, India, is a leading entity in the specialty chemicals industry, recognized for its innovative and sustainable practices. The company specializes in manufacturing high-value specialty organic intermediaries and monomers, including Iso Butyl Benzene (IBB), Acrylamide Terpolymer Benzene Styrene (ATBS), IsoButylene (IB), and Butyl Phenols. With a strong global footprint, Vinati Organics serves clients in over 35 countries, cementing its position as the world’s largest manufacturer of IBB and ATBS. The company’s commitment to sustainability is evident in its adoption of eco-friendly production technologies. Under the capable leadership of Managing Director and CEO Vinati Saraf Mutreja, Executive Chairman Vinod Saraf, and Chief Financial Officer N. K. Goyal, Vinati Organics continues to innovate, expand its product portfolio, and deliver high-quality solutions to diverse industries. Its robust market presence, emphasis on environmental stewardship, and continuous pursuit of excellence reflect its commitment to driving growth and value for stakeholders worldwide.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | |
| Promoters + | 74.06% | 74.29% | 74.29% | 74.29% | 74.29% |
| FIIs + | 4.71% | 4.93% | 5.33% | 5.48% | 5.31% |
| DIIs + | 7.55% | 7.30% | 6.74% | 7.27% | 7.61% |
| Public + | 13.69% | 13.46% | 13.64% | 12.96% | 12.81% |
| No. of Shareholders | 1,07,022 | 1,06,894 | 1,00,363 | 93,508 | 89,441 |
The shareholding pattern of Vinati Organics Ltd remained stable in promoter ownership throughout 2023 and 2024, with promoters consistently holding around 74.29%. Foreign Institutional Investors (FIIs) increased their stake slightly, rising from 4.71% in December 2023 to a peak of 5.48% in September 2024 before ending at 5.31% in December 2024. Domestic Institutional Investors (DIIs) saw fluctuations, starting at 7.55% in December 2023, dipping to 6.74% in June 2024, and recovering to 7.61% by December 2024. Public shareholding steadily declined from 13.69% in December 2023 to 12.81% by December 2024, while the number of shareholders decreased from 1,07,022 to 89,441, indicating institutional consolidation and reduced retail participation.
Below are the trading platforms that you can use to purchase Vinati Organics shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| February 2025 | 1,825.99 | 1,404.61 |
| March 2025 | 1,864.33 | 1,434.10 |
| April 2025 | 1,845.88 | 1,419.90 |
| May 2025 | 1,792.11 | 1,378.55 |
| June 2025 | 1,872.76 | 1,440.58 |
| July 2025 | 1,836.04 | 1,412.34 |
| August 2025 | 1,892.82 | 1,456.02 |
| September 2025 | 1,915.54 | 1,473.49 |
| October 2025 | 1,965.34 | 1,511.80 |
| November 2025 | 2,014.47 | 1,549.59 |
| December 2025 | 2,105.12 | 1,619.33 |
As we move through 2025, Vinati Organics is expected to see fluctuating prices, starting in February with a maximum of ₹1,825.99 and a minimum of ₹1,404.61. By mid-year, June’s maximum may reach ₹1,872.76 and the minimum ₹1,440.58. Progressing further, October could witness a maximum of ₹1,965.34 and a minimum of ₹1,511.80. Finally, as we move to December, prices are projected to peak at ₹2,105.12, with the minimum at ₹1,619.33.
| When | Maximum Price | Minimum Price |
| January 2026 | 2,168.28 | 1,667.91 |
| February 2026 | 2,114.07 | 1,626.21 |
| March 2026 | 2,156.35 | 1,658.73 |
| April 2026 | 2,200.36 | 1,692.58 |
| May 2026 | 2,178.57 | 1,675.83 |
| June 2026 | 2,233.04 | 1,717.72 |
| July 2026 | 2,189.25 | 1,684.04 |
| August 2026 | 2,256.96 | 1,736.12 |
| September 2026 | 2,302.10 | 1,770.85 |
| October 2026 | 2,361.96 | 1,816.89 |
| November 2026 | 2,421.00 | 1,862.31 |
| December 2026 | 2,481.53 | 1,908.87 |
As we progress through 2026, Vinati Organics is anticipated to experience steady price growth. In January, prices are expected to reach a maximum of ₹2,168.28 and a minimum of ₹1,667.91. By mid-year, June may see a maximum of ₹2,233.04 and a minimum of ₹1,717.72. Moving further, October could record a maximum of ₹2,361.96 and a minimum of ₹1,816.89. Finally, as we progress to December, the prices are projected to peak at ₹2,481.53, with a minimum of ₹1,908.87.
| When | Maximum Price | Minimum Price |
| January 2027 | 2,506.35 | 1,927.96 |
| February 2027 | 2,570.61 | 1,977.39 |
| March 2027 | 2,670.86 | 2,054.51 |
| April 2027 | 2,618.49 | 2,014.23 |
| May 2027 | 2,542.23 | 1,955.56 |
| June 2027 | 2,656.63 | 2,043.56 |
| July 2027 | 2,604.54 | 2,003.49 |
| August 2027 | 2,685.09 | 2,065.45 |
| September 2027 | 2,779.07 | 2,137.74 |
| October 2027 | 2,851.32 | 2,193.33 |
| November 2027 | 2,922.61 | 2,248.16 |
| December 2027 | 2,995.67 | 2,304.36 |
| When | Maximum Price | Minimum Price |
| January 2028 | 3,055.59 | 2,350.45 |
| February 2028 | 3,133.93 | 2,410.72 |
| March 2028 | 3,256.16 | 2,504.74 |
| April 2028 | 3,192.31 | 2,455.62 |
| May 2028 | 3,099.33 | 2,384.10 |
| June 2028 | 3,238.80 | 2,491.39 |
| July 2028 | 3,175.29 | 2,442.53 |
| August 2028 | 3,273.50 | 2,518.08 |
| September 2028 | 3,388.07 | 2,606.21 |
| October 2028 | 3,476.16 | 2,673.97 |
| November 2028 | 3,563.07 | 2,740.82 |
| December 2028 | 3,652.14 | 2,809.34 |
| When | Maximum Price | Minimum Price |
| January 2029 | 3,725.19 | 2,865.53 |
| February 2029 | 3,820.70 | 2,939.00 |
| March 2029 | 3,969.71 | 3,053.62 |
| April 2029 | 3,891.87 | 2,993.75 |
| May 2029 | 3,778.52 | 2,906.55 |
| June 2029 | 3,948.55 | 3,037.35 |
| July 2029 | 3,871.13 | 2,977.79 |
| August 2029 | 3,990.85 | 3,069.89 |
| September 2029 | 4,130.53 | 3,177.33 |
| October 2029 | 4,237.93 | 3,259.94 |
| November 2029 | 4,343.88 | 3,341.44 |
| December 2029 | 4,452.47 | 3,424.98 |
| When | Maximum Price | Minimum Price |
| January 2030 | 4,541.52 | 3,493.48 |
| February 2030 | 4,657.97 | 3,583.06 |
| March 2030 | 4,839.63 | 3,722.79 |
| April 2030 | 4,744.74 | 3,649.80 |
| May 2030 | 4,606.54 | 3,543.49 |
| June 2030 | 4,813.84 | 3,702.95 |
| July 2030 | 4,719.45 | 3,630.34 |
| August 2030 | 4,865.41 | 3,742.62 |
| September 2030 | 5,035.70 | 3,873.61 |
| October 2030 | 5,166.63 | 3,974.33 |
| November 2030 | 5,295.79 | 4,073.69 |
| December 2030 | 5,428.19 | 4,175.53 |
In 2030, Vinati Organics is expected to exhibit notable price movements. In January, the maximum price is projected to reach ₹4,541.52, with a minimum of ₹3,493.48. By mid-year, June could see a maximum of ₹4,813.84 and a minimum of ₹3,702.95. Further into the year, September is anticipated to record a maximum of ₹5,035.70 and a minimum of ₹3,873.61. Finally, as we approach December, the maximum price is expected to peak at ₹5,428.19, while the minimum could stand at ₹4,175.53.
Financial Condition of Vinati Organics
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 1,029 | 954 | 1,616 | 2,066 | 1,900 | 2,150 |
| Expenses + | 614 | 601 | 1,180 | 1,493 | 1,429 | 1,598 |
| Operating Profit | 415 | 353 | 435 | 573 | 471 | 552 |
| OPM % | 40% | 37% | 27% | 28% | 25% | 26% |
| Other Income + | 45 | 26 | 61 | 52 | 39 | 48 |
| Interest | 2 | 1 | 2 | 3 | 5 | 1 |
| Depreciation | 33 | 43 | 45 | 59 | 73 | 80 |
| Profit before tax | 425 | 335 | 449 | 563 | 432 | 518 |
| Tax % | 21% | 20% | 23% | 26% | 25% | |
| Net Profit + | 334 | 269 | 347 | 419 | 323 | 392 |
| EPS in Rs | 32.48 | 26.2 | 33.73 | 40.78 | 31.2 | 37.84 |
| Dividend Payout % | 17% | 23% | 19% | 17% | 22% |
Vinati Organics has showcased a dynamic financial performance over recent years, reflecting both growth and resilience. From March 2020 to March 2024, the company’s sales increased from ₹1,029 crore to ₹1,900 crore, peaking at ₹2,066 crore in March 2023 before stabilizing. Operating profits exhibited a similar trend, growing from ₹415 crore in March 2020 to ₹471 crore in March 2024, with the Operating Profit Margin (OPM) narrowing from 40% in March 2020 to 25% in March 2024, indicating rising expenses.
Net profit grew steadily from ₹334 crore in March 2020 to ₹419 crore in March 2023 but moderated to ₹323 crore by March 2024. Earnings per Share (EPS) also followed this trajectory, moving from ₹32.48 in March 2020 to ₹40.78 in March 2023 before adjusting to ₹31.2 in March 2024. Dividend payouts ranged from 17% to 23%, highlighting Vinati Organics’ balanced approach to rewarding shareholders while reinvesting in growth.
FAQS
As of February 06th, 2025, the share price of Vinati Organics is around INR ₹1,743.
As per our analysis, Vinati Organics in 2025 is expected to trade between ₹1,378.55 and ₹2,105.12.
As per our analysis, Vinati Organics share price target for 2030 would be somewhere between ₹3,493.48 and ₹5,428.19.
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Conclusion
In conclusion, Vinati Organics Ltd. has demonstrated remarkable financial stability and growth, with consistent increases in sales, profits, and shareholder returns over the past few years. Despite some fluctuations in operating profit margins, the company’s ability to adapt and maintain profitability reflects its strong market position and effective business strategies. With a solid track record, commitment to sustainability, and strategic reinvestment in growth, Vinati Organics is well-positioned to continue thriving in the specialty chemicals industry, making it an attractive prospect for investors in the long run.
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