Upper Circuit Alert: Specialty Chemicals Company Receives First Commercial Order for its Newly Developed Organic Intermediate for Final Use in Automobile Industry
The stock is up by 62.3 per cent from its 52-week low of Rs 116 per share and has given multibagger returns of 790 per cent in a decade.
Vipul Organics Limited, a leading Specialty Chemicals company, has achieved a significant milestone by securing its first commercial order for a newly developed organic intermediate destined for the Automobile Industry. This breakthrough innovation, which involved an extensive 18-month approval process following an initial trial shipment, marks the company's strategic entry into a new product category and industry vertical. The in-house developed specialty organic intermediate will be crucial in formulating components for automotive parts like shock absorbers and bumper extensions, enhancing their durability, impact resistance and wear tolerance.
This latest success underscores Vipul Organics' long-standing commitment to research, innovation and customer-centric solutions, a legacy spanning over five decades in the chemical industry. The company anticipates a rising demand for this new compound in the automotive sector, which is expected to establish a strong revenue stream and further solidify its innovation-driven growth strategy. This achievement validates Vipul Organics' sustained investments in Research and Development, signalling its ambition to expand its footprint in high-growth and high-performance chemical applications.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.
Vipul Organics Limited, a BSE-listed entity (VIPULORG / 530627), stands as a prominent Specialty Chemicals company specialising in the Pigments and Dyes segment. Renowned as a leading manufacturer of Pigments, Dyestuff, Lake Colours, and Pigment Intermediaries/Fast Salts within India, the company operates two manufacturing facilities in Maharashtra (Palghar and Ambernath) and is developing a new greenfield facility in Sayakha, Gujarat. With a significant global presence spanning over 45 countries, Vipul Organics Limited concluded the financial year 2024-25 with reported revenues of Rs 163 crore.
The company has a market cap of over Rs 3300 crore and has been maintaining a healthy dividend payout of 42 per cent. Today, shares of Vipul Organics Ltd hit a 5 per cent upper circuit to Rs 188.25 per share from its previous closing of Rs 179.30 per share. The stock is up by 62.3 per cent from its 52-week low of Rs 116 per share and has given multibagger returns of 790 per cent in a decade.
Disclaimer: The article is for informational purposes only and not investment advice.