Vishnu Chemicals logo

Vishnu Chemicals

VISHNU NSE

Key Fundamentals

MicrocapSpecialty ChemicalsChemicals
Market Cap
₹4,809 Cr
Volatility
High Risk
P/E Ratio
32.1
EBITDA
₹275 Cr
Return on Equity
13.24%
Debt to Equity
0.49
Book Value
₹158.83
EPS
₹15.43
52W High
₹744
52W Low
₹443.7

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Weaknesses

2
  • Dividend payout has been low at 1.65% of profits over last 3 years
  • Promoter holding has decreased over last 3 years: -5.79%

Growth Rate

Revenue Growth
11.66% higher than 3Y
Net Income Growth
12.4% higher than 3Y
Cash Flow Change
40.9% lower than 3Y
ROE
-3.15% lower than 3Y
ROCE
-10% higher than 3Y
EBITDA Margin (Avg.)
1.08% higher than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 44d ago
AI opinion · based on fundamentals
Risk medium

Vishnu Chemicals Ltd is a mid-cap specialty chemicals company with a market cap of ₹4,184 Cr, trading at a P/E of 29.1x. The company controls approximately 60% of India's chromium chemicals market and 40% of the barium compounds market. While it has delivered a 5-year stock CAGR of 37% and 5-year profit CAGR of 33%, recent growth has moderated with 3-year sales CAGR at just 5% and 3-year profit CAGR at 2%.

Bull Case 8
  • Dominant domestic market position with ~60% share in chromium chemicals and ~40% in barium compounds, providing strong pricing power
  • Exceptional long-term wealth creation with 5-year stock CAGR of 37% and 10-year stock CAGR of 27%
  • Strong 5-year compounded profit growth of 33% demonstrating operating leverage over a full cycle
  • Strategic acquisition of a chrome ore mine with >10 million metric tonnes of reserves, providing 30-50 years of raw material security and potential margin improvement
  • Diversified customer base with 170+ global customers, top customer contributing only ~5% of revenues, reducing concentration risk
  • Balanced domestic (52%) and export (48%) revenue mix offering geographic diversification
  • Capacity utilization at ~80% across both chromium and barium segments, with room to grow volumes without major capex
  • 10-year compounded sales CAGR of 13% and profit CAGR of 21% indicate consistent long-term compounding ability
Bear Case 8
  • Significant growth slowdown with 3-year sales CAGR of only 5% and 3-year profit CAGR of just 2%, well below long-term averages
  • Promoter holding has decreased by 5.79% over the last 3 years, signaling potential lack of confidence or need for liquidity
  • Negligible dividend payout at just 1.65% of profits over the last 3 years with a dividend yield of only 0.05%, offering almost no income return
  • ROE has declined from 5-year average of 20% to 14% in the last year, indicating deteriorating return efficiency
  • P/E of 29.1x is elevated for a commodity chemicals business that has delivered only 2% profit CAGR over 3 years
  • P/B ratio of 3.88x is premium for a capital-intensive chemicals manufacturer with cyclical earnings
  • Chromium chemicals market globally growing at only ~4.9% CAGR, limiting structural growth tailwinds
  • TTM sales growth of 11% and profit growth of 12% are moderate and may not justify the current valuation multiple

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 44d ago
Positives 1
  • Final dividend recommended for FY26 Jul 24

    Board recommends a final dividend for FY25-26. Record date fixed as August 21, 2026, with 33rd AGM scheduled for August 28.

Neutral 3
  • Q1FY27 earnings call Aug 3 Jul 27

    Vishnu Chemicals will host its Q1FY27 analysts' conference call on August 3, 2026 at 11 AM featuring key management executives. No financial metrics disclosed yet.

  • Analyst meet at Emkay Confluence Jul 29

    Company will participate in Emkay Confluence 2026 in Mumbai on August 12 with one-on-one and group discussions from 12 PM to 6 PM.

  • AGM and e-voting schedule set Jul 24

    33rd AGM scheduled for August 28, 2026. Remote e-voting window runs August 25-27 for shareholders.

TL;DR: No negative catalysts in the recent news flow for Vishnu Chemicals. The company is maintaining routine corporate governance with a recommended dividend and scheduled AGM. Active investor engagement via an upcoming earnings call and analyst meet signals management openness. The near-term focus shifts to Q1FY27 results on August 3, which will set the tone for the stock.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
301
308
304
300
339
344
371
393
347
401
411
450
433
Expenses
250
262
263
237
283
299
308
329
291
343
350
374
368
Operating Profit
51
46
41
64
56
45
64
64
56
58
62
77
65
OPM %
17%
15%
13%
21%
16%
13%
17%
16%
16%
15%
15%
17%
15%
Other Income
2
3
4
3
3
4
3
6
5
9
6
2
13
Interest
9
9
9
9
9
10
10
8
8
12
14
5
12
Depreciation
7
9
9
9
9
9
12
8
10
10
11
10
11
PBT
37
31
27
49
40
30
44
53
42
46
44
64
55
Tax %
23%
22%
23%
43%
24%
25%
23%
27%
23%
28%
23%
32%
28%
Net Profit
29
24
21
28
30
23
34
39
32
33
34
43
40
EPS in Rs
4.79
3.66
3.17
4.23
4.65
3.49
5.25
5.78
4.79
4.88
5.02
6.45
5.89
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
418
480
507
643
769
674
679
1,069
1,391
1,213
1,447
1,610
1,696
Expenses
339
396
441
562
667
591
600
911
1,160
1,010
1,217
1,356
1,434
Operating Profit
79
84
66
81
102
82
79
158
231
202
229
253
262
OPM %
19%
18%
13%
13%
13%
12%
12%
15%
17%
17%
16%
16%
15%
Other Income
1
2
7
8
3
7
3
6
15
12
15
23
31
Interest
34
37
44
49
47
39
27
28
35
37
38
39
42
Depreciation
12
13
16
19
21
20
20
23
26
34
38
41
42
PBT
34
36
14
22
37
30
34
112
185
144
168
195
209
Tax %
36%
41%
52%
35%
35%
27%
-1%
28%
26%
30%
25%
27%
Net Profit
22
21
7
14
24
22
34
81
137
101
127
142
150
EPS in Rs
3.66
3.56
1.1
2.42
4.08
3.72
5.78
13.63
22.86
15.43
18.81
21.13
22.24
Div. Payout %
11%
6%
0%
8%
5%
5%
3%
3%
2%
2%
2%
1%
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
12
12
12
12
12
12
12
12
12
13
13
13
Reserves
79
106
85
99
130
148
184
265
402
688
913
1,056
Borrowings
225
263
322
381
348
328
336
365
379
315
342
527
Other Liabilities
177
239
275
289
266
247
242
274
258
310
366
493
Total Liabilities
492
620
694
782
757
736
773
916
1,052
1,326
1,635
2,089
Fixed Assets
186
202
290
349
350
338
387
463
465
635
702
836
CWIP
44
66
62
17
19
36
24
5
98
16
69
159
Investments
0
0
1
2
1
1
1
3
2
2
0
1
Other Assets
262
352
342
415
387
360
361
444
488
675
864
1,094
Total Assets
492
620
694
782
757
736
773
916
1,052
1,326
1,635
2,089
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
13
39
73
89
100
49
67
90
134
68
90
127
Investing
-9
-43
-98
-33
-23
-22
-52
-81
-118
-154
-100
-267
Financing
1
4
25
-56
-78
-24
-19
-9
-16
88
10
146
Net Cash Flow
5
-1
0
0
-1
4
-4
0
0
2
0
5
Free Cash Flow
3
-5
-26
56
75
23
13
8
19
-53
2
-130
CFO/OP
22
55
111
121
109
74
94
64
79
48
57
65
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
78
88
69
82
64
49
62
65
47
69
74
70
Inventory Days
230
314
269
212
201
252
243
143
142
263
242
271
Days Payable
117
225
201
207
147
167
174
146
120
187
172
193
Cash Conversion Cycle
191
176
137
87
117
134
131
63
69
145
145
149
Working Capital Days
37
3
-70
-24
-3
2
6
10
21
54
67
66
ROCE %
21%
14%
16%
17%
14%
12%
24%
30%
20%
18%
16%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Vishnu Chemicals insights

45 extracted metrics + investor summaries across FY15–FY27.

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Shareholding Pattern

FIIs2.51%Promot.69.21%Others5.18%DIIs5.94%Public17.16%As ofJun 2026

Documents

Frequently Asked Questions about Vishnu Chemicals

What does Vishnu Chemicals Ltd do?
Incorporated in 1989, Vishnu Chemicals Limited is in the business of manufacturing, marketing and export of Chromium chemicals and Barium compounds across the world. Located in Hyderabad, the company is serving more than 12 industries across 57 countries globally.
Where is Vishnu Chemicals Ltd (VISHNU) listed?
Vishnu Chemicals Ltd trades as VISHNU on the NSE and under code 516072 on the BSE.
Which sector does Vishnu Chemicals Ltd belong to?
Vishnu Chemicals Ltd is classified under the Commodities sector, in the Chemicals & Petrochemicals industry.
What is the market capitalisation of Vishnu Chemicals Ltd?
Vishnu Chemicals Ltd has a market capitalisation of ₹4,809 Cr, which places it in the Small Cap band.
What is the PE ratio of Vishnu Chemicals Ltd?
Vishnu Chemicals Ltd trades at a PE ratio of 32.10, on earnings per share of ₹15.43, against a book value of ₹158.83 per share.
What is the 52-week high and low of Vishnu Chemicals Ltd?
Over the last 52 weeks Vishnu Chemicals Ltd has traded between ₹443.7 and ₹744.
Does Vishnu Chemicals Ltd pay dividends?
Vishnu Chemicals Ltd has a dividend yield of 0.04%.
What is the Return on Equity (ROE) of Vishnu Chemicals Ltd?
Vishnu Chemicals Ltd reported a return on equity of 13.24%. Its debt-to-equity ratio is 0.49.

Company Information

Incorporated in 1989, Vishnu Chemicals Limited is in the business of manufacturing, marketing and export of Chromium chemicals and Barium compounds across the world. Located in Hyderabad, the company is serving more than 12 industries across 57 countries globally.

CEO Mr. Cherukuri Krishna Murthy
Employees 490
Listed 2015-03-05
Face Value ₹ 2
Issued Size 6,73,15,284

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