📌 At a Glance
Valiant Organics was once a specialty chemicals poster child — high margins, niche products, and a cult following. Fast forward to FY25: the company has postednet loss two years in a row, operating margins crashed from 30% to under 10%, and even the EPS went from“Wow!”to“Where is it?”
CMP ₹484 seems like a recovery, but underneath? Still radioactive.
🧬 About the Company
- Founded:1984
- Listed On:BSE & NSE (BSE: 540145, NSE: VALIANTORG)
- Promoters:Gogri, Gala & Chedda families
- Business:Specialty Chemicals for dyes, pharma, pigments, agrochemicals
- Flagship Products:Chlorophenols, Anisidines, PAP, PNA, and others
🧑🔬 Key Product Segments
- Chlorination Line:PCP, OCP, 2,4 DCP — major input for agro, pharma, cosmetics
- Hydrogenation Line:Para/Ortho Anisidine, PAP — used in dyes and painkillers
- Ammonolysis Products:PNA, OCPNA — used in pigment intermediates
EduNote:If your high school chem lab smelled like sulphur and despair, these were probably the culprits.
📉 Financial Recap: FY21–FY25
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue (₹ Cr) | 574 | 948 | 912 | 677 | 719 |
| EBITDA (₹ Cr) | 157 | 165 | 130 | 40 | 54 |
| Net Profit (₹ Cr) | 115 | 103 | 76 | -3 | -3 |
| EPS (₹) | 42.20 | 37.91 | 27.83 | -1.10 | -1.07 |
| EBITDA Margin (%) | 27% | 17% | 14% | 6% | 7% |
| ROCE (%) | 27% | 18% | 12% | 1% | 3% |
| ROE (%) | 22% | 16% | 11% | 0% | -0.45% |
🔥From Margin Machine to Margin Missing:In 5 years, revenue stagnated, profit vanished, and shareholders got a front-row seat to a vanishing act.
🧠 Compounded Growth Rates
| Metric | 5-Year CAGR |
|---|---|
| Revenue | 4% 😴 |
| Net Profit | NEGATIVE 📉 |
| Stock Price CAGR | -7% 📉 |
| Return on Equity (avg) | 3% 🧊 |
This isn’t a growth story. It’s an obituary in progress — unless there’s a
To Read Full 16 Point ArticleBecome a member