Vipul Organics Limited, a leading specialty chemicals company in the pigments and dyes segment, has reported consolidated Q4 FY 2021-22 PAT of Rs. 2.22 crore, a YoY growth of 34% whereas consolidated revenue reached Rs. 39.05 crore, a YoY growth of 25.2%.  

Total consolidated revenues for FY22 stood at Rs. 135.16 crore, up 12.87% YoY on a standalone basis and up 13.65% on a consolidated basis. Annual PAT was marginally up, despite pressure of increased cost of raw materials.

Commenting on the results, Vipul Shah, Managing Director, Vipul Organics Limited said, “We faced headwinds in the form of increasing raw material costs due to the global crisis. The pandemic also affected our working as we were not able to utilise our production capacities to the optimal for the entire year. However, we are on track and have added new clients during the year and have a strong pipeline of orders.”

Speaking on the future outlook for Vipul Organics, Shah commented, “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 markets besides the 50+ countries that we are already exporting to. We will see a margin expansion due to these efforts.”

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