# Dyes - Intermediate — company-by-company sector analysis > Dyes - Intermediate: Vipul Organics Ltd owns the largest revenue base AND the fastest current growth. Sector Alpha — machine-written from the numbers. Data as of 2026-08-14. Not investment advice. ## Bottom line The 52-week sector comparison is unavailable. 1 of 1 covered companies currently have positive Mansfield relative strength versus NIFTY 500. Vipul Organics Ltd leads with revenue of ₹175 crore, based on 1 of 1 comparable companies through Mar 2026. Vipul Organics Ltd has the fastest current revenue growth at 7.7%, across 1 of 1 comparable companies. ## Sector relative strength The 52-week comparison of Dyes - Intermediate against NIFTY 500 is not available from the current market series. 1 of 1 covered company currently beats NIFTY on Mansfield relative strength, so leadership inside the sector is broad. 13-week sector return versus NIFTY 500: — 52-week sector return versus NIFTY 500: — Stocks leading NIFTY: 1/1 Stocks leading sector: 0/0 Central tension: The central tension: current leadership is concentrated, so durability matters more than rank. Companies: 1 Combined market value: ₹461 Cr ## 4-Factor Sector Score An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment. 1. Vipul Organics Ltd (530627): 50/100 — Mixed-positive evidence; evidence 64% - Growth & earnings 20.8/35 | Capital efficiency 8.2/25 | Valuation 8.8/20 | Relative strength 12.5/20 - Exact sum: 20.8 + 8.2 + 8.8 + 12.5 = 50.3 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. ## Market action Price shows what happened; relative strength shows who is winning the argument against the market and the sector. Vipul Organics Ltd leads on Mansfield relative strength against NIFTY at +14.2%. 1 of 1 covered company is above zero on that measure. Every line covers 313 weekly closes through 2026-07-17. ### Strongest one-year price performers ### Strongest relative strength versus NIFTY 500 1. Vipul Organics Ltd (530627): 14% ## Revenue Scale & Growth Durability What the numbers say: Vipul Organics Ltd is the scale leader at ₹175 crore, Vipul Organics Ltd's growth is 7.7% from a ₹175 crore base, with 13 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale. Investor read: Vipul Organics Ltd is the scale benchmark; Vipul Organics Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns. This conclusion weakens if: Vipul Organics Ltd's growth falls below Vipul Organics Ltd's for two consecutive comparable reports while operating margin also compresses. Evidence: Vipul Organics Ltd · ₹175 crore | Not enough peers | 7/8 recent comparable periods | 1/1 companies · 13 observations Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress. ### Revenue — largest 1. Vipul Organics Ltd (530627): ₹175 Cr ### Revenue growth — fastest growers 1. Vipul Organics Ltd (530627): 7.7% ### 20-quarter Revenue history - 530627: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹31 Cr | Jun 2023 ₹36 Cr | Sep 2023 ₹37 Cr | Dec 2023 ₹37 Cr | Mar 2024 ₹40 Cr | Jun 2024 ₹38 Cr | Sep 2024 ₹39 Cr | Dec 2024 ₹41 Cr | Mar 2025 ₹44 Cr | Jun 2025 ₹38 Cr | Sep 2025 ₹39 Cr | Dec 2025 ₹46 Cr | Mar 2026 ₹52 Cr ### 20-quarter Revenue growth history - 530627: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 27% | Jun 2024 5.3% | Sep 2024 7.4% | Dec 2024 11% | Mar 2025 10% | Jun 2025 -1.2% | Sep 2025 0.5% | Dec 2025 11% | Mar 2026 18% ## Operating Economics & Margin Trend What the numbers say: Vipul Organics Ltd leads both opm at 9.2% and margin change at +0.7 percentage points. Investor read: Vipul Organics Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current margin change signal. Evidence: Vipul Organics Ltd · 9.2% | Not enough peers | 8/8 recent comparable periods | 1/1 companies · 20 observations Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth. ### OPM — highest 1. Vipul Organics Ltd (530627): 9.2% ### Margin change — fastest expanders 1. Vipul Organics Ltd (530627): +0.7 pp ### 20-quarter OPM history - 530627: Jun 2021 8.3% | Sep 2021 12% | Dec 2021 12% | Mar 2022 13% | Jun 2022 9.4% | Sep 2022 7.1% | Dec 2022 8.4% | Mar 2023 10% | Jun 2023 7.2% | Sep 2023 7.9% | Dec 2023 8.2% | Mar 2024 7.9% | Jun 2024 8.6% | Sep 2024 9.4% | Dec 2024 9.4% | Mar 2025 8.5% | Jun 2025 10% | Sep 2025 11% | Dec 2025 9.4% | Mar 2026 9.2% ### 20-quarter Margin change history - 530627: Jun 2021 −6.7 pp | Sep 2021 −1.8 pp | Dec 2021 −2.4 pp | Mar 2022 +0.8 pp | Jun 2022 +1.1 pp | Sep 2022 −4.7 pp | Dec 2022 −3.7 pp | Mar 2023 −2.4 pp | Jun 2023 −2.2 pp | Sep 2023 +0.8 pp | Dec 2023 −0.2 pp | Mar 2024 −2.3 pp | Jun 2024 +1.4 pp | Sep 2024 +1.5 pp | Dec 2024 +1.2 pp | Mar 2025 +0.6 pp | Jun 2025 +1.5 pp | Sep 2025 +1.6 pp | Dec 2025 +0.1 pp | Mar 2026 +0.7 pp ## Profit Scale & Acceleration What the numbers say: Vipul Organics Ltd leads with ₹7 crore of TTM profit, Vipul Organics Ltd shows 56% growth from a ₹7 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale. Investor read: Vipul Organics Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current profit growth signal. Evidence: Vipul Organics Ltd · ₹7 crore | Not enough peers | 7/8 recent comparable periods | 1/1 companies · 13 observations Definition: Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank. ### Net profit — largest 1. Vipul Organics Ltd (530627): ₹7 Cr ### Profit growth — fastest growers 1. Vipul Organics Ltd (530627): 56% ### 20-quarter Net profit history - 530627: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹0 Cr | Jun 2023 ₹1 Cr | Sep 2023 ₹1 Cr | Dec 2023 ₹1 Cr | Mar 2024 ₹1 Cr | Jun 2024 ₹1 Cr | Sep 2024 ₹1 Cr | Dec 2024 ₹1 Cr | Mar 2025 ₹1 Cr | Jun 2025 ₹1 Cr | Sep 2025 ₹2 Cr | Dec 2025 ₹2 Cr | Mar 2026 ₹2 Cr ### 20-quarter Profit growth history - 530627: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 269% | Jun 2024 119% | Sep 2024 6.0% | Dec 2024 81% | Mar 2025 -27% | Jun 2025 11% | Sep 2025 71% | Dec 2025 28% | Mar 2026 154% ## Return On Capital Employed What the numbers say: Vipul Organics Ltd leads ROCE at 8.4%. Vipul Organics Ltd has the strongest latest improvement at -1 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability. Investor read: Vipul Organics Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current roce change signal. Evidence: Vipul Organics Ltd · 8.4% | Not enough peers | Not enough history | 1/1 companies · 0 observations Definition: ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability. ### ROCE — highest 1. Vipul Organics Ltd (530627): 8.4% ### ROCE change — fastest improvers 1. Vipul Organics Ltd (530627): −1.0 pp ### 20-quarter ROCE history ### 20-quarter ROCE change history ## Valuation Against Growth & Quality What the numbers say: There is not enough comparable evidence to name a reliable peg leader. Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy. This conclusion weakens if: The next two comparable reports reverse the current p/e signal. Evidence: No comparable leader | Not enough peers | Not enough history | 0/1 companies · 0 observations Definition: PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing. ### PEG — lowest PEG ### P/E — lowest P/E 1. Vipul Organics Ltd (530627): 66.8 ### 20-quarter PEG history ### 20-quarter P/E history - 530627: Jun 2021 24.9 | Sep 2021 24.3 | Dec 2021 22.0 | Mar 2022 34.5 | Jun 2022 27.7 | Sep 2022 32.3 | Dec 2022 33.8 | Mar 2023 33.6 | Jun 2023 77.1 | Sep 2023 139.6 | Dec 2023 124.9 | Mar 2024 87.1 | Jun 2024 71.8 | Sep 2024 80.5 | Dec 2024 85.3 | Mar 2025 48.6 | Jun 2025 89.9 | Sep 2025 79.2 | Dec 2025 76.5 | Mar 2026 55.7 ## What can make this comparison misleading? - A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason. - A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment. - The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed. - An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion. - Thin comparisons: Valuation have fewer than three usable current readings. ## Every company - Vipul Organics Ltd (530627) — market value ₹461 Cr; latest fundamentals Mar 2026 ## Source standing of each company Cross-checked: 0. Unverified: 1. Withheld: 0. Graded companies: 1. Every company's second-feed figures reconcile against the primary source on overlapping reported periods, so nothing here is unverified or withheld. ## Methodology and freshness Fundamentals through Mar 2026; prices through 2026-08-14. Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable. ## Frequently asked questions ### Is the Dyes - Intermediate sector outperforming NIFTY 500? The 52-week sector comparison is unavailable. 1 of 1 covered companies currently have positive Mansfield relative strength versus NIFTY 500. ### Which Dyes - Intermediate company is largest by revenue? Vipul Organics Ltd leads with revenue of ₹175 crore, based on 1 of 1 comparable companies through Mar 2026. ### Which Dyes - Intermediate company is growing fastest? Vipul Organics Ltd has the fastest current revenue growth at 7.7%, across 1 of 1 comparable companies. ### Which Dyes - Intermediate company has the strongest 4-Factor Sector Score? Vipul Organics Ltd ranks first at 50.3/100 with 64.3% evidence confidence. The score prioritizes research; it is not a buy recommendation. ### How much history does this Dyes - Intermediate comparison include? The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Mar 2026. Missing observations remain blank rather than being estimated. ### How is the 4-Factor Sector Score calculated? The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral. ### Is there a Nifty Dyes - Intermediate index? NSE India maintains Nifty indices for several broad sector categories — Nifty Bank, Nifty IT, Nifty Pharma and others — but not for every sub-sector grouping on this site. Whether or not an official Nifty index covers Dyes - Intermediate, this page builds its own equal-weight basket of 1 listed Dyes - Intermediate companies — one company, one vote, regardless of market value — so no single large company dominates the reading. Figures are as of Mar 2026. ### Which are the best Dyes - Intermediate stocks in India? Ranked by this page's four-factor score, Vipul Organics Ltd places first among 1 listed Dyes - Intermediate companies. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Mar 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser. ### How many Dyes - Intermediate stocks are listed in India? This comparison covers 1 listed Dyes - Intermediate companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Mar 2026. ### Which Dyes - Intermediate company is the biggest? Vipul Organics Ltd is the largest, with trailing-twelve-month revenue of ₹175 crore. That covers 1 of 1 companies with comparable reporting through Mar 2026. ### Which Dyes - Intermediate company has the best profit margins? Vipul Organics Ltd has the highest operating margin at 9.2%, from 1 of 1 comparable companies. Vipul Organics Ltd shows the biggest recent improvement, at +0.7 percentage points. A high margin matters most when it is holding or rising, not when it is peaking. ### Which Dyes - Intermediate company makes the most profit? Vipul Organics Ltd earns the most, at ₹7 crore of trailing-twelve-month net profit, from 1 of 1 comparable companies. Vipul Organics Ltd has the fastest profit growth at 56%, though growth off a small or recovering profit base overstates how much has actually changed. ### Which Dyes - Intermediate company earns the highest return on capital? Vipul Organics Ltd leads on return on capital employed at 8.4%, across 1 of 1 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year. ### Which Dyes - Intermediate stock has the strongest price momentum? Vipul Organics Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all. ### Which Dyes - Intermediate company scores highest for research priority? Vipul Organics Ltd scores 50.3 out of 100 with 64.3% evidence confidence, from 20.8 points on growth and earnings, 8.2 on capital efficiency, 8.8 on valuation and 12.5 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research. ### How many Dyes - Intermediate companies does this comparison cover, and over what period? It compares 1 listed companies over up to 20 reported quarters of fundamentals, ending Mar 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data. ### What is the total market cap of the Dyes - Intermediate sector? The 1 Dyes - Intermediate companies on this page carry ₹461 crore of combined market value. Vipul Organics Ltd is the largest at ₹461 crore, about 100% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-14. ### How is the Dyes - Intermediate sector performing? 1 of the 1 covered Dyes - Intermediate companies are beating NIFTY 500 on Mansfield relative strength. A 52-week sector-versus-index comparison is not available from the current market series for this sector, so it is not quoted. Readings are as of 2026-08-14. ### Why are some values on this page blank? A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad. ### Is this investment advice? No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.