Latest news with #VipulOrganics'
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Business Standard
17-06-2025
- Automotive
- Business Standard
Vipul Organics shares hit 5% upper circuit on first auto industry order
Shares of Vipul Organics Ltd rose 5 per cent to hit the upper circuit on Tuesday after securing its first commercial order for a newly developed organic intermediate, intended for use in the automobile industry. The specialty chemicals firm's stock rose as much as 5 per cent during the day to an upper circuit of ₹188.25 per share. This compares to a 0.27 per cent decline in BSE Sensex as of 12:25 PM. The stock currently trades at the highest level since January 27 this year, but has fallen over 1.6 per cent from its March lows. The counter has fallen 1.61 per cent this year, compared to a 4.4 per cent fall in the benchmark Sensex. Vipul Organics has a total market of ₹334.04 crore, according to BSE data. Track LIVE Stock Market Updates Here Vipul Organics forays into new segment The company has received final approval and its first commercial order for a newly developed organic intermediate, marking a strategic foray into a new product category and industry vertical, according to an exchange filing on Tuesday. The product, developed in-house by Vipul Organics' R&D team over the past three years, will be used in manufacturing automotive components such as shock absorbers and bumper extensions. According to the company, the compound enhances durability, impact resistance, and wear tolerance of the parts it is applied. The approval follows an extensive 18-month qualification process and a successful trial export shipment. Order fulfilment will take place in line with the customer's schedule, the company said in the statement. "This is a landmark moment for Vipul Organics," said Vipul P. Shah, managing director. "This development not only adds a high-value product to our portfolio but also marks our entry into a completely new industry segment beyond dyes and pigments." About Vipul Organics Vipul Organics is a specialty chemicals company in the pigments and dyes segment. The company is one of the foremost manufacturers of pigments, dyestuffs, lake colours, and pigment intermediaries/fast salts in the country. It has three manufacturing facilities across Maharashtra and a global footprint in over 50 countries. In the December 2024 quarter (Q3 FY25), Vipul Organics reported a total revenue of 41.54 crore and a net profit of ₹1.45 crore. In the FY24, the company's total revenue stood at ₹150.99 crore and net profit was at ₹3.34 crore.
Business Upturn
17-06-2025
- Automotive
- Business Upturn
Vipul Organics receives first commercial order for newly developed automotive organic intermediate
By Aditya Bhagchandani Published on June 17, 2025, 10:49 IST Vipul Organics Limited has secured its first commercial order for a newly developed organic intermediate intended for final use in the automobile industry. This marks the company's strategic entry into a new product category and a significant industry segment beyond its traditional focus on dyes and pigments. According to the company's announcement on June 17, 2025, the breakthrough comes after an 18-month approval process that followed an initial trial shipment. The new product, developed by Vipul Organics' in-house R&D team, is a specialty organic intermediate used in the manufacturing of key automotive components such as shock absorbers and bumper extensions. Vipul P. Shah, Managing Director of Vipul Organics, commented, 'Receiving approval for the final product in the automobile industry underscores our capability to innovate and deliver to world-class standards. This development not only adds a high-value product to our portfolio but also marks our entry into a completely new industry segment.' The compound significantly enhances durability, impact resistance, and wear tolerance of auto parts. Vipul Organics expects increasing demand for this compound, opening up a robust revenue stream in the automotive sector. With over five decades in the chemical industry and a global presence across 45 countries, Vipul Organics closed FY25 with revenues of Rs 163 crore. The company continues to invest in R&D to expand its footprint in high-performance chemical applications. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
