Rs 1,00,000 crore market size of paint industry likely by FY29: This micro-cap company is into business expansion & participates in PAINTINDIA - details inside
The stock gave multibagger returns of 189 per cent from its 52-week high of Rs 82.
BSE-listed speciality chemicals leader Vipul Organics Ltd (VIPULORG / 530627) received government clearance to expand its Ambernath facility, allowing them to increase production of pigments and dyes from 10 MT/M to 508 MT/M. This phased expansion, funded through internal funds and external borrowings, will start with reaching 250 MT/M and was aided by a Rs. 5 Crore promoter investment.
Vipul Organics provides total colouring solutions to paint, printing ink, plastics and masterbatches, textiles, rubber & latex, agriculture, leather, dietary supplements and pharmaceuticals, food beverages and confectionaries industries. Vipul Organics' clientele includes the who's who of the industries that they service.
Additionally. Vipul Organics will be showcasing its wide range of products at PAINTINDIA from February 22-24 in Mumbai. They'll be exhibiting their SunTone® and SunCoat® pigment powders and dispersions, along with their new universal stainers for the paints industry. Visitors can meet with Vipul Organics at the Bombay Exhibition Centre to learn more about their offerings for decorative paints, architectural coatings, industrial paints, and automobile coating.
India boasts the world's fastest-growing paint industry, currently valued at Rs 70,000 crore and boasting double-digit growth for two decades. With over 3,000 domestic players and major global players establishing strongholds, the industry is predicted to reach Rs 1 lakh crore by 2028/9. Notably, pigments, one of the four key ingredients constituting 30 per cent of paint volume, play a crucial role, in influencing both aesthetics and functionality across diverse applications with varying pigment concentrations (20 per cent – 85 per cent).
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Vipul Organics Limited is a BSE-listed (VIPULORG / 530627) leading speciality chemicals company in the pigments and dyes segment. Today, it is amongst the foremost manufacturers of pigments, dyestuff, lake colours and pigment intermediaries /fast salts in the country. It has 3 manufacturing facilities spread across Maharashtra and has a global footprint in over 50 countries. Vipul Organics ended the financial year 2022-23 with revenues of Rs 134 crore.
The company has a market cap of Rs 275 crore and has been maintaining a healthy dividend payout of 29.2 per cent. Today, shares of Vipul Organics Ltd zoomed 5.12 per cent and made a fresh new 52-week high of Rs 237 per share from its previous closing of Rs 225.45. The stock gave multibagger returns of 189 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.
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