1736.8000 18.40 (1.07%)
NSE Sep 19, 2025 15:46 PM
Volume: 29,766
 

1736.80
1.07%
HDFC Securities
VO has corrected 17% from its peak (Sep-19) and is trading at 22.8/19.4x FY21/22E PER. We believe it should command premium valuations owing to (1) Its impeccable product selection (2) High market share globally (3) Best in class return ratios and earnings trajectory. We upgrade VO to BUY despite muted performance in 2QFY20. VO will generate RoE of 30.5/27.1/24.8% and RoIC of 29.6/30.7/33.1% in FY20/21/22E. Valuations are contextually low at 22.8/19.4x FY21/22E PER. Our TP of Rs 2,331/share is based on a 25x Sep-21E EPS.
Vinati Organics Ltd. is trading below its 50 day SMA of 1781.0
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