Specialty Chemicals stock engaged in the business of manufacturing and trading Dyes, Lake Colours, Organic Pigments, and many more jumped 5 percent in the day’s trade upon receiving an order worth Rs. 7.15 Crores from Tamil Nadu News Print and Paper Limited.
With a market capitalization of Rs. 265 Crores, the shares of Vipul Organics Limited were trading at Rs. 205, up 2 percent from its previous day’s close price of Rs. 200.95.
Vipul Organics Limited has received a work order worth Rs. 7.15 Crores from Tamil Nadu News Print and Paper Limited for the supply of Blue and Violet Pigment Dye.
Mihir V Shah, Executive Director, of Vipul Organics Limited says that Within 2 years, we have become the preferred colorant supplier to the paper industry. It is exciting to be able to meet the requirements of the industry and be known for our innovative, high-quality products for the industry.
This order is an endorsement of the quality of our products developed for the Paper Industry and we are on course to meet our target of Rs. 50 crores from this sector over the next 3 years.
Vipul Organics Limited is engaged in the business of manufacturing and trading Dyes stuff, Lake Colours, Organic Pigments & Organic Intermediates, fast salts, and many more with 3 manufacturing facilities and a global presence across 50 countries.
Its revenue from operations grew by 34.21 percent from Rs. 27.88 Crores in Q3FY23 to Rs. 37.42 Crores in Q3FY24, accompanied by increasing profits of Rs. 11 Lakhs to Rs. 80 Lakhs.
It has reported a return on equity (ROE) of 3.61 percent and a return on capital employed (ROCE) of 6.55 percent, it is making decent returns on its equity and capital employed and it has net profit margins of just 1.42 percent.
Written by: Bharath K.S
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