Vinati Organics share price today

Vinati Organics Ltd's share price was ₹998.00 at the close on 4 November 2026. It has been falling for 59 weeks. That is 25.5% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹992 and ₹1,665, and at that close it sat 1% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Vinati Organics Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 20 weeks running.

Over the last 11 years the share price moved +386% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 25 June 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: profit fell in the September 2026 quarter, lowest operating margin in 16 quarters and foreign funds (FIIs) cut their stake for 3 quarters in a row.

1. Profit fell in the September 2026 quarter

   Profit was ₹78 crore, -32.2% on a year earlier (₹115 crore), after 9 quarters of growth.

2. Lowest operating margin in 16 quarters

   Operating margin was 18% in the September 2026 quarter, against 30% a year earlier.

3. Foreign funds (FIIs) cut their stake for 3 quarters in a row

   From 3.8% to 3.6% of the company by the September 2026 quarter.

For July to September 2026 (the quarter ended 30 September 2026), Vinati Organics reported revenue of ₹680 crore, up 23.6% from ₹550 crore a year earlier, and a profit of ₹78.0 crore, down 32.2% from ₹115 crore.

Vinati Organics results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

The newest call in our records is from 27 May 2026, about January to March 2026; a call about these results is not in our records yet.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Vinati Organics closed at ₹998.00 on 4 November 2026, down 39.3% from ₹1,643.50 a year earlier (7 November 2025) and down 50.8% over five years. Its highest weekly close since March 2016 was ₹2,342.45 on 9 September 2022.

Vinati Organics share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

562 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Vinati Organics closed at ₹998.00, up 0.6% on the week and down 17.4% on the month. Results for July to September 2026: Revenue up 23.6% and profit down 32.2% on a year earlier.

Earlier

• 16 Sep 2026: ex-date for a dividend of ₹8.50 a share.
• 27 May 2026: Vinati Organics held its results call for January to March 2026. Management guided: ATBS volume growth 15-20% FY27, minimum 15% annually for next 3 years.

Vinati Organics paid ₹8.50 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.85% at the ₹998.00 close on 4 November 2026. The last was a dividend of ₹8.50 a share, ex-date 16 September 2026.

Vinati Organics dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. Vinati Organics Ltd paid out 20% of its profit as dividends in FY26, and it paid a dividend in each of its last 7 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for January to March 2026, held on 27 May 2026, Vinati Organics' management guided: ATBS volume growth 15-20% FY27, minimum 15% annually for next 3 years.

“We are looking at organic expansion. We have a good pipeline of products under commissioning and in the R&D space. We feel we should be investing around 250-300 crores every year for the next 3 to 5 years. That is the growth trajectory we are targeting.”Management, on long-term organic growth strategy, on the call for January to March 2026

What management guided

• Overall company volume growth approximately 15% FY27 supported across portfolio (ATBS lead, specialty chemicals double-digit, AO strong)
• Antioxidant plus Butyl phenol combined revenue goal ₹800-900 crore over next 2 years via internal consumption and premiumization.
• VOPL subsidiary FY27 revenue ₹100-120 crore (vs ₹10 crore FY26), MEHQ and Guaiacol driving contribution from Q2 onwards.
• Operating margin 26-27% achievable on long-term basis; normalized expectation as new product ramps and cyclical demand offset FY26 elevated approximately 32%.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for January to March 2026, 27 May 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

When Vinati Organics reports October to December 2026, these are the 2 checks that show whether the story is still on course. First: VOPL revenue contribution tracking ₹100-120 crore FY27 guidance with Q2-plus realization expected - next call will show if September process completion and October production restart on track with Q2-onwards revenue ramp.

Vinati Organics is on one of our India lists: 52 week high & low.

Vinati Organics Ltd earned ₹78.0 Cr of net profit in the Sep 2026 quarter, −32.2% on the same quarter a year earlier. Full-year FY26 profit was ₹444 Cr. Over 6 years profit has grown 4.9% a year on average. That is 11.5% of the quarter's revenue. The same quarter a year earlier earned ₹115 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹444 Cr (+9.6% on the year before).

Why profit moved: revenue changed +23.6% on a year earlier and the margin moved −12.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed −4.8% and revenue +11.7%. Profit is growing slower than sales: rising costs are taking part of the growth.

Vinati Organics Ltd reported ₹680 Cr of revenue in the Sep 2026 quarter, +23.6% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 6 years it has grown 13.7% a year on average. The last full year, FY26, came in at ₹2,227 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹2,511 Cr.

FY26 revenue was ₹2,227 Cr, −0.9% on the year before.

Recent pace: the last four quarters grew +11.7% on average, against 13.7% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +11.0%, against +10.0% a year over the last 8 quarters (stabilising); profit over the last 12 months grew −5.5%, against +5.7% a year (rolling over).

Vinati Organics Ltd's operating margin was 18.0% in the Sep 2026 quarter, 12.0 percentage points lower than the same quarter a year ago. Across 7 years it has been between 25.0% and 40.0%. The latest quarter is below every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −11.9 percentage points on the year while gross margin changed −13.2 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 115% of Vinati Organics Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹558 Cr of operating cash against ₹444 Cr of profit. After ₹285 Cr of spending on assets, ₹273 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 115% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle.

What to look at next: the bigger use of cash is spending on new assets, at 4.4× depreciation over three years. The next section checks what that spending is building.

Vinati Organics Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 152 days in FY26, down from 158 days in FY21. It spent ₹1,208 Cr on assets over the last 3 years. Customers take 85 days to pay, and stock sits for 110 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹2,227 Cr, each day of that cycle ties up about ₹6.1 Cr, so roughly ₹927 Cr is tied up in the business at any time.

FY26: customers took 85 days to pay and stock sat for 110 days, about 3.6 months of sales sitting as stock, for a full cycle of 152 days, shorter than FY21's 158.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 110 days. Customers pay about 85 days after that. Suppliers are paid at 43 days. Together that makes the 152-day cycle.

Spending on assets: ₹1,208 Cr over the last 3 years, against ₹273 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹214 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Vinati Organics Ltd's P/E is 25.1×, about the lowest it has ever been. Its usual P/E (the middle reading) is 49.8×, over 5.5 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Why the multiple is where it is: over the past year earnings per share moved +9.5% while the price moved −39.3%. Earnings did better than the price, which pulled the multiple down within its own range.

Where the price move came from: over 5 years the price moved −13.2% a year; about +8.7% a year came from earnings growth and about −21.9 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

The PEG ratio and its quarterly curve, which only the second data source has, are not shown on this page: its two data sources disagree by up to 27% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data.

Vinati Organics Ltd's business is slowing from a peak. Profit and EPS growth have slowed sharply (profit growth from +25.8% at its peak to −5.5% now), while ROCE is still 20.0%. This is based on 9 quarters of 4 measures, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.