Review

VINYL CHEMICALS (INDIA) LTD
Ticker : 524129
FV:  ₹1
52-Week H/L: ₹ 371.65/148.80



We recommended Vinyl Chemicals (India) in volume no. 38, issue no. 29 (dated May 05, 2022) when the scrip was trading at Rs 308.90. On a standalone basis, the company registered a decline of 27.39 per cent in net sales and other operating income, which stood at Rs 120.50 crore in Q4FY22 as compared to Rs 165.96 crore reported in Q4FY21. The operating profit improved significantly, recording Rs 19.43 crore in Q4FY22, which is 274.37 per cent higher as compared to an operating profit of Rs 5.19 crore in Q4FY21. Q4FY22 recorded a net profit of Rs 14.51 crore as compared with the net profit of Rs 3.87 crore in Q4FY21, improving strongly beyond 274 per cent. The stock is currently trading at its all time high. On a one-month basis, it soared 35 per cent and is trading at a decently higher PE ratio than the median PE ratio. Hence, we recommend our investor-readers to BOOK PROFIT at Rs 337.2, with a gain of 9.2 per cent.