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30 Aug 2025 |
Vinati Organics
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Consensus Share Price Target
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1710.40 |
2015.50 |
- |
17.84 |
buy
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25 Aug 2025
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Vinati Organics
|
Deven Choksey
|
1710.40
|
1880.00
|
1675.40
(2.09%)
|
9.92 |
Accumulate
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We maintain a constructive stance on Vinati Organics’ long-term outlook, supported by the expansion in ATBS capacities, improved utilization in Antioxidant segment and incremental contribution from the Veeral Organics facility, cementing its position in high-margin segments, leading to improved operating leverage and diversified revenue streams.
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18 Aug 2025
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Vinati Organics
|
Prabhudas Lilladhar
|
1710.40
|
2091.00
|
1720.00
(-0.56%)
|
22.25 |
Buy
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Due to the recent correction in stock performance along with strong visibility from ATBS, new product ramp-up, and capacity expansion, we upgraded Vinati Organics (VO IN) to BUY' with a target price of Rs2,091, valuing the stock at 40x FY27 EPS. The company reported revenue of Rs5.4bn in Q1FY26, reflecting a modest 3.3% YoY increase but a sharp 16% sequential decline. Management has guided for ~15% revenue growth in FY26, led by an expected 20% increase in volumes, with EBITDA margins projected at ~27%. ATBS, the company's flagship high-margin product, continued to deliver robust growth and remains...
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15 Aug 2025
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Vinati Organics
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Motilal Oswal
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1710.40
|
2180.00
|
1671.30
(2.34%)
|
27.46 |
Buy
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Vinati Organics (VO) reported a strong operated performance in 1QFY26, as EBITDA surged 33% YoY to INR1.7b. Gross margin expanded 710bp to 52%, while EBITDAM expanded 670bp YoY to 30.6%. PAT grew 31% YoY to INR1.1b (our est. INR940m).
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03 Jul 2025
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Vinati Organics
|
Sharekhan
|
1710.40
|
2300.00
|
1960.10
(-12.74%)
|
34.47 |
Buy
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Vinati Organics delivered a robust FY25, with an 18.3% year-on-year revenue increase, a 23.7% rise in operating profit, and a 25.8% surge in net profit. Growth was primarily driven by ATBS and Antioxidants.
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28 May 2025
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Vinati Organics
|
Sharekhan
|
1710.40
|
2100.00
|
1816.30
(-5.83%)
|
22.78 |
Buy
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Vinati Organics reported a strong Q4FY25 with revenue up 17.5% y-o-y, operating profit growth of 20.4% and net profit increase of 18.1% y-o-y.
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17 May 2025
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Vinati Organics
|
Motilal Oswal
|
1710.40
|
2195.00
|
1778.20
(-3.81%)
|
28.33 |
Buy
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Vinati Organics (VO)’s 4QFY25 revenue came in line at INR6.5b. Gross margin expanded 80bp YoY to 47.4%, while EBITDAM was up 100bp YoY at 28.3%. EBITDA increased 22% YoY to INR1.8b and PAT grew 22% to INR1.3b (our est. INR1.2b). All the key segments reported strong growth in FY25.
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16 May 2025
|
Vinati Organics
|
Prabhudas Lilladhar
|
1710.40
|
1882.00
|
1778.20
(-3.81%)
|
Target met |
Accumulate
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Vinati Organics (VO IN) reported revenue of Rs6.5bn in Q4FY25, marking a robust 17.8% YoY and 24% sequential increase. The management has reiterated its guidance of 20% revenue CAGR over the next 3 years, along with EBITDA margins in the range of 26%27%. ATBS, the company's key highmargin product, delivered strong growth during the quarter, driven by rising demand in the O&G sector, where it is used as a tertiary oil recovery agent. The antioxidants segment, which generated ~Rs2.2bn revenue in FY25, is expected to see robust growth ahead, supported by annual contracts the company plans to secure with domestic customers. New products like MEHQ and Guaiacol are...
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19 Mar 2025
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Vinati Organics
|
Sharekhan
|
1710.40
|
2000.00
|
1599.40
(6.94%)
|
Target met |
Buy
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Vinati Organics is expanding its ATBS capacity to 60,000 MT by Q1FY26, driven by strong demand and a favorable outlook for the US oil & gas sector.
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05 Feb 2025
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Vinati Organics
|
Edelweiss
|
1710.40
|
2250.00
|
1771.35
(-3.44%)
|
31.55 |
Buy
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Volume growth seen; healthy growth to continue
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03 Feb 2025
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Vinati Organics
|
Motilal Oswal
|
1710.40
|
2600.00
|
1746.50
(-2.07%)
|
52.01 |
Buy
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Vinati Organics (VO)’s 3QFY25 revenue came in a tad above our estimate at INR5.2b. Gross margin expanded 180bp YoY to 49%, while EBITDAM was up 180bp YoY at 27.4%. EBITDA increased 24% YoY to INR1.4b and PAT grew 24% to INR956m (our est. INR1b).
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30 Oct 2024
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Vinati Organics
|
CD Equisearch
|
1710.40
|
1886.00
|
1934.90
(-11.60%)
|
Target met |
Hold
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16 Oct 2024
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Vinati Organics
|
Motilal Oswal
|
1710.40
|
2500.00
|
2005.00
(-14.69%)
|
46.16 |
Buy
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Vinati Organics (VO) has strengthened its operations through backward integration, which is expected to expand its margins.
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19 Aug 2024
|
Vinati Organics
|
Sharekhan
|
1710.40
|
2243.00
|
2016.60
(-15.18%)
|
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Hold
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Q1 PAT of Rs. 86 crore, which is an 18% decline q-o-q, fell 22% short of our estimate due to weaker-than-expected revenue and higher raw material costs.
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12 Aug 2024
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Vinati Organics
|
Motilal Oswal
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1710.40
|
2425.00
|
2107.60
(-18.85%)
|
|
Buy
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Vinati Organics (VO)’s 1QFY25 revenue came in below our estimate at INR5.2b. Gross margin declined 270bp YoY to 44.9%, while EBITDAM was up 100bp YoY at 23.8%.
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12 Aug 2024
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Vinati Organics
|
Prabhudas Lilladhar
|
1710.40
|
2237.00
|
2107.60
(-18.85%)
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Accumulate
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20 May 2024
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Vinati Organics
|
Edelweiss
|
1710.40
|
1934.00
|
1667.20
(2.59%)
|
Target met |
Buy
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Sequential recovery in Q4; a healthy growth to sustain
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19 May 2024
|
Vinati Organics
|
Motilal Oswal
|
1710.40
|
2080.00
|
1667.20
(2.59%)
|
Target met |
Buy
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Vinati Organics (VO)’s revenue came above our estimate due to a robust recovery in volumes across products in 4QFY24. However, gross margin contracted 310bp YoY to 46.6%, while EBITDAM was down 110bp YoY to 27.3%. EBITDA rose 2% YoY to INR1.5b, while PAT was flat at INR1b (our est. INR630m).
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14 Mar 2024
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Vinati Organics
|
Geojit BNP Paribas
|
1710.40
|
1844.00
|
1592.85
(7.38%)
|
Target met |
Accumulate
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05 Mar 2024
|
Vinati Organics
|
Prabhudas Lilladhar
|
1710.40
|
1626.00
|
1629.65
(4.96%)
|
Target met |
Hold
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10 Nov 2023
|
Vinati Organics
|
Prabhudas Lilladhar
|
1710.40
|
1997.00
|
1754.35
(-2.51%)
|
Target met |
Accumulate
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