Multibagger from its 52-week low: This micro-cap company receives positive response from participation in PAPEREX 2023; bags 7 trial orders!

The stock gave multibagger returns of over 100 per cent from its 52-week high of Rs 82.

Vipul Organics Limited, a leading speciality chemicals company in the pigments and dyes segment, received a very positive response from the industry at PAPEREX 2023, the largest paper industry exhibition in India. Vipul Organics also unveiled 3 new paper-focused colourant solutions at the event. The company received serious enquiries from around 25 paper mills and 7 trial orders have already been received as of date for its product range.

Vipul Organics is making waves in the paper industry with its innovative colourant solutions. They've unveiled two key offerings: the Sunlonic range for packaging paper and the SunPulp Red 981 dispersion for writing and printing. Sunlonic utilizes modified dyes that work with size press technology, simplifying the colouring process and saving paper. SunPulp Red 981, meanwhile, delivers exceptional red colour and enhances paper properties. Additionally, Vipul Organics offers a series of colourants that replace traditional dyes, reducing wastewater treatment load and further improving paper quality.

Vipul Organics is clearly committed to the paper segment, already supplying leading Indian paper companies and actively seeking to expand its client base. They showcase their extensive portfolio under two categories: SunPulp Dispersions specially developed for paper applications and SunDirect Dyes for paper coating. With these cutting-edge solutions and strategic focus, Vipul Organics is poised to make a significant mark in the paper industry.

Earlier, Vipul Organics announced that the company is also entering into the paper industry. After months of crafting paper-specific dyes and dispersions, Vipul Organics, a renowned speciality chemicals leader, has dived into the Indian paper market, impressing players like Tamil Nadu Paper with its innovative solutions. This strategic expansion leverages their expertise in pigments and dyes, promising to shake up the paper industry.

The global Paper Dyes market size was at USD 1.03 billion in 2022 and is expected to grow to USD 1.47 billion by 2029, at a CAGR of 4.20 per cent. The paper dyes market is going to be the fastest growing among dyes and pigments. It is expected that almost 43 per cent of it will be dominated by the Asia Pacific region.

The company has a market cap of Rs 216.97 crore and has been maintaining a healthy dividend payout of 29.9 per cent. Today, shares of Vipul Organics Ltd zoomed 2.30 per cent to Rs 169.35 per share with an intraday high of Rs 171.80 and an intraday low of Rs 165. The stock gave multibagger returns of over 100 per cent from its 52-week high of Rs 82. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.