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Vishnu Chemicals Ltd share Price Today

Company details

426.50
452.50
247.00
462.40
6M Return 27.90%
1Y Return 30.80%
Mkt Cap.(Cr) 2,926.11
Volume 485,411
Div Yield 0.07%
OI
-
OI Chg %
-
Volume 485,411

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Speciality Chemicals company Vishnu Chemicals announced consolidated Q4FY24 & FY24 results:

  • The 7% Preference Shareholders, who are also promoters of the company, have waived off 100% of preference dividend for FY24. Preference dividend waived off for the quarter is Rs 1.3 crore and for twelve months ending March 31, 2024 is Rs 5.3 crore
  • Vishnu’s board has proposed a final dividend of Rs 0.3 per equity share (15% of face value) for FY24.
  • Agile mix of domestic and export sales in the ratio of 53:47
  • EBITDA Margin expanded by 766 basis points in Q4FY24 at 21.2% compared to 13.5% in Q3FY24.
  • Margin expansion was driven by disciplined investments across both value addition and backward integration initiatives
  • Performance was steered by strong improvement in the Barium Chemicals.
  • Record volumes produced and sold with margin expansion, all while aiding our international clients recover from challenging macro environments.
  • Prudent spending kept operational expenses flat YoY.
  • Balance sheet and liquidity position:
    • Reduction in consolidated long term borrowings by Rs 90.9 crore in FY24.
    • Debt to Equity at 0.45
    • Cash, Cash Equivalents & Bank Balances at Rs 60.4 crore.
  • The Red Sea crisis has increased transit times by 2-4 weeks. As a result, the company is maintaining higher inventories of raw materials to ensure continuous supply of feedstock, as well as higher inventories of finished goods to enable quick dispatches.
  • External credit rating upgraded from CARE BBB to CARE A

Ch. Krishna Murthy, CMD, Vishnu Chemicals Limited said, “Vishnu Chemicals is pleased to end the financial year 2023-24 on a high note. The macroeconomic headwinds faced by the speciality chemicals industry and our customers proved this year to be a significant test for us. Our answer to this was our resilience, where we never compromised on our principles and prioritised customer success with the focus on margin expansion. Going in FY25, we continue to work tirelessly to achieve growth and continuous improvement.”

Ch. Siddartha, JMD, Vishnu Chemicals said, “Our performance was driven by our core belief of being persistent in any circumstance, taking measured risks and keeping the communication simple. Vishnu has entered FY25 with the same core belief of doing business with efficiency, nurturing complex chemistry, seizing opportunities and never compromise on our efforts.”

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Vishnu Chemicals Ltd shares SWOT Analysis

Strengths (7)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Company with Low Debt

Weakness (5)

  • MFs decreased their shareholding last quarter
  • Degrowth in Revenue and Profit
  • Degrowth in Quarterly Revenue and Profit in Recent Results(YoY)

Opportunity (0)

Data not found

Threats (0)

Data not found

Resistance and support

R1 457.2
R2 467.9
R3 483.2
Pivot

441.85

S1 431.2
S2 415.9
S3 405.2
EMA SMA
376.8
343.1
329.0
323.5
363.3
328.1
316.1
323.3
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
MOHINANIHARRYHASSOMAL Bulk Sell 2022-05-13 1281.95 61473 BSE
ARKAYA INVESTMENTS Bulk Purchase 2020-01-17 150.25 94013 NSE
ARKAYA INVESTMENTS Bulk Sell 2020-01-17 152.13 94013 NSE
Name Category Shares
KRISHNA MURTHY CHERUKURI PROMOTER 47.46%
MANJULA CHERUKURI PROMOTER 12.32%
SIDDARTHA CHERUKURI PROMOTER 8.59%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Vishnu Chemicals Ltd Stocks COMPARISON

Financials( in Cr) Vishnu Chemicals Ltd Pidilite Industries Ltd SRF Ltd Linde India Ltd Gujarat Fluorochemicals Ltd
Price 446.55 3,107.10 2,420.25 8,304.25 3,305.20
% Change 4.71 -1.19 -1.62 -0.69 -2.14
Mcap Cr 2,926.11 158,029.90 71,742.26 70,821.97 36,307.62
Revenue TTM Cr 1,069.00 11,799.10 13,138.52 3,135.52 5,684.66
Net Profit TTM Cr 81.39 1,288.87 1,335.71 538.06 1,323.05
PE TTM 28.88 88.70 53.85 163.14 83.65
1 Year Return 30.80 16.32 1.27 81.21 5.81
ROCE 35.31 24.24 12.52 16.29 29.38
ROE 46.01 18.93 12.25 14.70 27.07
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 353.51 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 34,603.75 11,365.18
LAST 3M 103,254.09 -13,985.70
LAST 6M 182,650.74 -3,739.19
LAST 12M 295,819.56 101,589.49
Vishnu Chemicals Limited - Trading Window

Jun 24, 2024 l NSE Announcement

Vishnu Chemicals Limited - Reply to Clarification- Financial results

Jun 21, 2024 l NSE Announcement

Vishnu Chemicals Limited - Clarification - Financial Results

Jun 20, 2024 l NSE Announcement

Date Action Type Ratio
Aug 04, 2023 Dividend 20
Jan 13, 2023 Split 1:5
Jul 07, 2022 Dividend 20

Vishnu Chemicals Ltd Information

Stock PE (TTM)
28.88
Promoter Holding
68.36%
Book Value
107.0037
ROCE
35.31%
ROE
46.01%
Description
  • Vishnu Chemicals was incorporated in the year 1993. The company manufactures chrome compounds and allied products at Bhilai in Chattisgarh. These products have applications in tanneries, textile dyeing and processing, paints, chromium plating and other industries. Vishnu Chemicals pioneered manufacturing chrome chemicals like sodium dichromate, potassium dichromate, basic chromium sulphate and yellow sodium sulphate at its plants in Medak District in Andhra Pradesh and Bhilai in Chattisgarh. It has expanded its product line to a point where it can supply over ten high quality compounds that are used in various industries which are include chromic acid, white sodium sulphate, saccharin and sodium saccharin. The company also a world class manufacturer of animal feed ingredients like menadione sodium bisulfite, menadione nicotinamide bisulfite, menadione dimethylpyrimidinol bisulfite and supplying to various global destinations. Its growth and success is attributed to high standards of quality and diligence in handling customers requirements. The company has established a world class state-of-the-art research laboratory with most modern equipment to handle gram level to scale-up operations in single site. The R&D Lab is also supported by quality control laboratory which has various sophisticated equipment like HPLCs, DSC and 300 MHz NMR among other sensitive equipments. Talented personnel handles the R&D and quality control operations. This facility is already catering to various clients for customs research and synthesis, technology transfer, scale-up and analytical services. During 2015-16, the Company acquired Solvay Vishnu Barium Pvt Ltd., a company which is manufacturing barium Carbonate and derivatives and resultant, the said Company was made a 100% subsidiary of Vishnu Chemicals Ltd.

Registered Address

Plo No C-23 Road No 8, Film Nagar Jubliee Hills, Hyderabad, Telangana, 500082

Tel : 91-040-23396817/23327723/29
Email : vishnu:vishnuchemicals.com; cs:vishnuchemicals.com
Website : http://www.vishnuchemicals.com
Registrar

Big Share Services Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 516072
NSE Code : VISHNU
Book Closure Date (Month) : Aug
BSE Group : B
ISIN : INE270I01022

FAQ’s on Vishnu Chemicals Ltd Shares

You can buy Vishnu Chemicals Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Vishnu Chemicals Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 24, 2024 03:52 PM the closing price of Vishnu Chemicals Ltd was Rs.446.55.

The latest PE ratio of Vishnu Chemicals Ltd as of Jun 24, 2024 03:52 PM is 28.88

The latest PB ratio of Vishnu Chemicals Ltd as of Jun 24, 2024 03:52 PM is 0.24

The 52-week high of Vishnu Chemicals Ltd share price is Rs. 462.40 while the 52-week low is Rs. 247.00

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 24, 2024 03:52 PM, the market cap of Vishnu Chemicals Ltd stood at Rs. 2,926.11 Cr.

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