Vinyl Chemicals I Share Price

Vinyl Chemicals (India) Limited is a leading importer and distributor of Vinyl Acetate Monomer (VAM) in India. It is a key entity within the Parekh Group, with Pidilite Industries Ltd holding a significant stake (approximately 40.6%). While the company was originally involved in manufacturing VAM, it has since shifted its primary focus to trading. The Vinyl Chemicals share price on the NSE and BSE is a reflection of how market participants respond to a company’s performance and broader business developments within its industry. It captures the sentiment of the investors based on financial results, operational updates, macroeconomic factors, and trends specific to sectors. Movements in the share price͏ reveal how the market evaluates the company’s current position and its future prospects, making ͏it a key indicator of market perception across various industries.

Market sentiment around the Vinyl Chemicals stock price often mirrors shifts in global crude oil prices (impacting VAM costs), demand from downstream industries like adhesives, paints, and textiles, and investor views on the specialty chemicals sector’s growth prospects. Factors such as the import parity pricing, competitive intensity from other global suppliers, and government policies on chemical imports influence near-term market valuation and medium-term earnings forecasts. All these factors must be closely monitored to have an idea about the Vinyl Chemicals stock price movements.

Vinyl Chemicals live share price provides real-time information about the last price traded, bid price, ask price, and volume traded. These indicators represent trading activity and liquidity and the reaction of investors to corporate announcements, quarterly results, and sector news. Constant monitoring of Vinyl Chemicals live price helps observe short-term price fluctuations and understand how the stock is moving in relation to the broader market.

Furthermore, monitoring the Vinyl Chemicals share price today helps investors understand real-time market sentiment, price volatility, and trading behaviour. It allows market participants to evaluate short-term performance, identify possible entry or exit points, and respond to news, quarterly results or sector trends that may affect the company’s valuation and overall investment outlook.

Vinyl Chemicals (India) Limited Company Fundamentals

a. Company Background

Vinyl Chemicals (India) Limited was incorporated in 1986. The company’s registered office is located in Mumbai, Maharashtra, India. The company was promoted by the Parekh Group – the manufacturers of the Fevicol brand of adhesives – and SICOM, a Government of Maharashtra enterprise. VCIL is the leading importer of Vinyl Acetate Monomer (VAM) in India, commanding one-third of the nation’s VAM imports. The company was originally engaged in manufacturing VAM, having collaborated with Uhde Gmbh, Germany, for technology. It was the first company in India to manufacture VAM directly from petrochemical ethylene. However, the manufacturing unit was demerged into Pidilite Industries Ltd. Post-demerger, the company’s main focus shifted to the trading of VAM, which is now imported from global suppliers and distributed across India. VAM is a versatile petrochemical used in the manufacture of polyvinyl acetate (PVA), polyvinyl alcohol (PVOH), ethylene vinyl acetate (EVA) co-polymers, and acrylic fibres. Nearly 45% of the company’s product is consumed by its group concern, Pidilite Industries, and other group companies.

b. Product Lines

• Vinyl Acetate Monomer (VAM) – imported from global suppliers and distributed/traded in India

• VAM is used in the manufacture of polyvinyl acetate (PVA) for adhesives (including Fevicol)

• VAM used in the production of polyvinyl alcohol (PVOH)

• VAM used in ethylene vinyl acetate (EVA) co-polymers for various industrial applications

• VAM used in vinyl acrylic co-polymers for paints and coatings

• VAM used in acrylic fibres for textile applications

c. Company Revenue Model

• Primary revenue from the trading and distribution of Vinyl Acetate Monomer (VAM)

• Volume-driven revenue based on the quantity of VAM imported and sold to domestic customers

• Pricing is import parity-based, determined by international VAM prices, supply costs, and rupee-dollar exchange rates

• Revenue from sales to group company Pidilite Industries Ltd, which accounts for a significant portion of the company’s offtake

• Expanding geographical footprint to new customers in textile, paints, and adhesive sectors contributing to revenue streams

• Focus on increasing market share in the VAM import and distribution business

• Investment in supply chain and logistics infrastructure to enhance distribution efficiency

• Government policy changes on chemical imports and international trade influencing revenue stability

d. Geographic Presence

• Strong presence across India with registered office and headquarters located in Mumbai, Maharashtra

• Operations cover major industrial hubs across the country, serving customers in textile, paints, and adhesive sectors

• Import of VAM from various global suppliers and distributed across India

• Focus on expanding reach to newer and underserved chemical-consuming regions

• Digital platform enabling customer acquisition across domestic markets

• Operations primarily concentrated in India, serving domestic markets across all states

e. Key Milestones

• 1986: Incorporated as Vinyl Chemicals (India) Limited

• 1986: Promoted by the Parekh Group and SICOM, Government of Maharashtra

• 1999: Expanded capacity to produce VAM to 16,400 TPA with engineering help from Krupp Uhde Gmbh, Germany

• 2000-01: Implemented debottlenecking expansion to increase capacity to 24,500 TPA (completed in 2001-02)

• 2007-08: VAM manufacturing unit demerged into Pidilite Industries Ltd, making the company a pure trading entity

f. Industry Perspective

Vinyl Chemicals (India) Limited operates in the commodity and specialty chemicals distribution industry, specifically within the petrochemical value chain. Globally, the Vinyl Acetate Monomer (VAM) market was valued at approximately USD 12-15 billion in 2025 and is projected to grow at a CAGR of 5-6% from 2025 to 2030, driven by demand from adhesives, paints, coatings, and textile industries. In India, the specialty chemicals sector is poised for rapid expansion. According to IMARC Group, the India specialty chemicals market reached USD 67.0 billion in 2025 and is expected to reach USD 93.4 billion by 2034, exhibiting a CAGR of 3.65% during 2026-2034. Industry reports indicate the sector is expected to grow at a 9–12% CAGR until 2026, with specialty chemicals projected to reach USD 40 billion by 2026. Specialty chemicals accounted for around 47% of the overall domestic chemical market as of March 2025, and the same is expected to grow at a CAGR of 11% until 2030. The Indian VAM market is a significant sub-segment, with VAM being a critical raw material for Pidilite’s adhesive business. Key drivers include urbanization, rising disposable incomes, growth in the construction and automotive sectors, and increasing demand for eco-friendly paints and adhesives. Key challenges include raw material price volatility, import dependence, currency fluctuations, and intense competition from other global VAM suppliers.

Vinyl Chemicals (India) Limited Stock Market Presence: Listings & Index Representation

Vinyl Chemicals is actively traded on India’s principal equity markets, with its shares listed on the National Stock Exchange of India (NSE) under the symbol VINYLINDIA and on the Bombay Stock Exchange (BSE) with the scrip code 524129. Its listing on both exchanges ensures that the Vinyl Chemicals price is accessible to a wide investor base, encompassing both retail and institutional market participants. The company’s ISIN number is INE250B01029, with a face value of ₹1 per share. The company forms part of several benchmark indices that represent broad market segments. Vinyl Chemicals is included in indices such as BSE 500, BSE AllCap, BSE SmallCap, BSE Commodities, and Nifty 500 on the NSE. Being represented in multiple indices enhances the visibility and liquidity of the Vinyl Chemicals stock price, as index tracking funds and exchange traded strategies often adjust allocations in line with constituent revisions. It also allows investors to benchmark the company’s stock performance relative to broader market trends and peer groups, facilitating cross sectional comparisons within India’s commodity chemicals and petrochemical distribution landscape. The inclusion of Vinyl Chemicals in these indices reflects its market capitalisation and trading depth, which are key factors market participants consider when evaluating long term investment prospects and the responsiveness of the stock price to corporate and industry developments.

Vinyl Chemicals (India) Limited Stock Performance and Share Price History

The Vinyl Chemicals price has exhibited significant volatility over the past decade, shaped by the company’s role as a key importer of VAM and broader petrochemical cycles. The Vinyl Chemicals share price recorded a negative total return of approximately 17.57% over the last 1 year and a negative return of 17.6% over the last 3 years, underperforming broader market indices and reflecting near-term headwinds including softening VAM prices and margin pressures. The Vinyl Chemicals share price delivered a 5-year total return of 131.65% to 143.25%, demonstrating strong long-term wealth creation despite recent underperformance. The Vinyl Chemicals share price reached a 52-week high of ₹356.80 to ₹357.00 and a 52-week low of ₹161.00, indicating a wide trading range and substantial price fluctuations of approximately ₹195-196 from peak to trough. The Vinyl Chemicals share price recorded a strong rally in 2021 and 2022, delivering substantial positive annual returns, while the subsequent period has seen the Vinyl Chemicals stock price correct significantly from its peak levels. The Vinyl Chemicals share price has shown a 1-month return of approximately 7.45% to 12.80% and a 3-month return of -6.32% as of April 2026, indicating recent consolidation.

The Vinyl Chemicals price has been particularly responsive to quarterly earnings releases and corporate announcements. When the company reported a net profit decline of 44% in Q2 FY26, the Vinyl Chemicals stock price showed a negative reaction. The Vinyl Chemicals price has shown a pattern of positive momentum in years when the company’s earnings exceeded expectations, while periods of earnings moderation or concerns over global demand have contributed to consolidation in the Vinyl Chemicals stock price. Corporate developments, including strategic announcements such as the demerger of the manufacturing unit, and the company’s focus on strengthening its import and distribution network, have also influenced short-term fluctuations in the Vinyl Chemicals price. The Vinyl Chemicals share price has shown a 5-year total return of 143.25% (price return) and 161.99% (total return including dividends), reflecting the volatility in the stock. The Vinyl Chemicals share price has shown a 10-year aggregate net profit of ₹170.73 crore, reflecting the company’s sustained profitability over the long term. The Vinyl Chemicals share price reached its 52-week high of ₹356.80 before declining to its 52-week low of ₹161.00, reflecting the volatility inherent in the commodity chemicals distribution space. The Vinyl Chemicals share price has shown a year-to-date return of approximately -20.0% as of April 2026, indicating continued pressure in the current fiscal year. Comprehending these patterns in the Vinyl Chemicals price is instrumental for investors seeking to contextualise long term performance trends vis à vis short term price dynamics, as the Vinyl Chemicals stock price movements illustrate how industry fundamentals, global commodity cycles, and investor expectations converge in market pricing.

The Vinyl Chemicals share price has shown distinct seasonal patterns over the past decade. In terms of annual performance, the Vinyl Chemicals share price delivered its strongest annual return of 110.5% in 2022, followed by positive returns of 95.9% in 2020, 87.1% in 2021, and 110.5% in 2022. The stock recorded negative annual returns in 2025 (-28.7%), 2024 (-25.1%), 2023 (-8.6%), and 2019 (-16.7%). The Vinyl Chemicals share price has demonstrated that the stock tends to perform better in periods of strong VAM demand and favourable international pricing, while underperforming during phases of global demand slowdown and intense competition from other suppliers.

Vinyl Chemicals (India) Limited Investor Relevance and Role in Portfolio

Vinyl Chemicals holds a significant position for portfolio investors who seek exposure to India’s commodity and specialty chemicals distribution sector. The company’s position as the leading importer of VAM in India and its strong linkage with the Parekh Group aligns it with investment strategies that value niche market leadership and captive demand. The Vinyl Chemicals share price often mirrors how these themes resonate with investor portfolios, whereby both thematic and sector specific funds monitor VAM price trends, rupee-dollar exchange rates, and downstream industry demand indicators when evaluating allocation decisions.

Institutional stakeholders play a significant role in Vinyl Chemicals’ ownership profile, with notable long term investment entities such as Pidilite Industries Ltd (promoter holding 50.41%), among key shareholders identified in institutional holdings data. Mutual fund holders of Vinyl Chemicals are not applicable as mutual funds hold 0% stake in the company. As of December 2025, promoters hold 50.41% of the company (unchanged over recent quarters), Foreign Institutional Investors (FIIs) hold 0%, Domestic Institutional Investors (DIIs) hold 0.02%, and Retail holds 49.56% of Vinyl Chemicals. Promoters have consistently held 50.41% stake, reflecting stable ownership. These investors represent a blend of institutional and retail perspectives that contribute to the stock’s market liquidity and visibility within broader investment frameworks.

The beta analysis of Vinyl Chemicals across multiple time periods highlights its changing volatility in relation to the overall market. Based on data, the long-term beta stands at approximately 1.75, indicating that the stock is generally more volatile than the broader market over an extended period. In short-term daily analysis, beta values over the one-month range of 1.19 show moderate sensitivity to recent market fluctuations, while the three-month range of 1.12 indicates similar responsiveness. Weekly data reveals beta over a one-year period of 1.37 showing the stock’s moderate sensitivity to market changes, with the three-year beta of 1.47 indicating sustained higher volatility. The six-month beta stands at 1.56, reflecting stronger responsiveness to medium-term market movements. The beta of 1.75 from other sources confirms the stock’s higher-than-market volatility profile. The stock’s realized volatility (1-year) is elevated compared to the broader market. The mean and standard deviation for these ranges quantify the dispersion of returns around the average, providing a measure of the stock’s risk profile across different time horizons. The Vinyl Chemicals share price has shown periods of heightened responsiveness to sector-specific news and quarterly earnings releases. The Vinyl Chemicals stock price’s beta reflects that the company’s niche market position and captive demand may provide some stability, though the commodity chemicals distribution sector remains sensitive to global commodity price cycles and currency fluctuations.

Vinyl Chemicals (India) Limited Sectoral Relevance and Peer Positioning

The sector relevance of Vinyl Chemicals is anchored in its role within the broader Indian commodity and specialty chemicals distribution industry, where it competes with other chemical distributors and importers. As part of this industry, the company’s strategic positioning connects global VAM suppliers to downstream Indian industries including adhesives, paints, coatings, and textiles. Competitors in the commodity chemicals distribution segment include companies such as Navin Fluorine International Limited, Linde India Limited, Gujarat Fluorochemicals Limited, Pidilite Industries Limited, SRF Limited, and other specialized players in the chemical trading and distribution space. Firms with parallels in either import/distribution scale or product focus are often referenced when evaluating relative performance and operational positioning within the sector.

In valuation terms, factors like the Vinyl Chemicals P/E ratio have shown variations over different periods. The mean historical P/E ratio over the last five years has varied, with the current P/E ratio of approximately 18.05 to 23.24 times representing a discount to its peers’ median range of 37.09 to 49.94 times. The Vinyl Chemicals P/E ratio has shown significant fluctuations, with the ratio at 18.74 in 2021, 13.78 in 2022, 17.24 in 2023, 26.56 in 2024, and 23.24 in 2025, reflecting changing investor perceptions of the company’s earnings potential.

Similarly, the Vinyl Chemicals EPS narrative has shown variation according to how operational performance aligns with industry demand cycles and cost structures. Structural gains from strong VAM demand and favorable pricing supported directional improvement in earnings per share during favourable conditions, while cyclical headwinds from global demand slowdown and margin pressures have moderated EPS momentum. Vinyl Chemicals earnings have shown a trajectory that responded to both volume growth and margin pressures over the analysed period. Vinyl Chemicals market cap has fluctuated in line with investor perceptions of the company’s growth potential in a competitive and evolving chemical distribution market.

Over the last ten years, the market capitalisation of Vinyl Chemicals has followed a pattern of significant growth followed by recent moderation. From fiscal year 2017 onwards, the company’s market cap showed an increasing trend, reflecting strong investor confidence during the petrochemical boom. The market cap increased from ₹201.34 crore in 2017 to ₹435.26 crore in 2021 (+87.18%), ₹916.54 crore in 2022 (+110.57%), and reached a peak of ₹837.40 crore in 2023 (-8.63%). Subsequently, from fiscal year 2024 through the most recent period, the market cap has shown a declining trend, contracting to ₹630.07 crore in 2024 (-24.76%), ₹446.67 crore in 2025 (-29.11%), and further to ₹371.29 crore in 2026 (-16.88%). This decrease mirrors the correction in the Vinyl Chemicals share price and the broader underperformance of the commodity chemicals distribution sector relative to broader market indices.

The earnings history of Vinyl Chemicals over the past five years (FY2021 to FY2025) has been characterised by a period of growth followed by recent moderation. Net income showed a generally increasing trend from 2021 to 2023, with reported net profit rising from ₹11.35 crore in FY2021 to ₹34.86 crore in FY2022 (+207.1%), and ₹35.65 crore in FY2023 (+2.27%). Subsequently, earnings have shown a sharp moderating trend, with net profit decreasing to ₹21.84 crore in FY2024 (-38.74%) and recovering slightly to ₹22.33 crore in FY2025 (+2.24%). For the trailing twelve months, net profit stands at approximately ₹19 crore to ₹22.33 crore. Total revenue decreased from ₹1,014.77 crore in FY2023 to ₹630.26 crore in FY2025, representing a decline of 37.9% over two years. This recent earnings moderation reflects the impact of demand normalization, decreased VAM prices, and increased competitive intensity on the company’s profitability.

The Earnings Per Share (EPS) history for Vinyl Chemicals has shown significant variation over the past five years. The diluted EPS growth rate has shown variation, with EPS at ₹6.20 in FY2021 (adjusted), ₹19.01 in FY2022, ₹19.44 in FY2023, ₹11.91 in FY2024, and ₹12.18 in FY2025. The current TTM EPS stands at approximately ₹10.43. Over a five-year period, the company demonstrated strong EPS growth in earlier years followed by a significant decline and recent recovery. The highest EPS was recorded in FY2023 at ₹19.44, while the lowest was in FY2021 at ₹6.20. Recent quarters have shown EPS of ₹3.96, ₹2.42, ₹1.58, and ₹2.47 respectively in the last four quarters.

The Price-to-Earnings (P/E) ratio history of Vinyl Chemicals has shown fluctuations over the five-year period. At the end of recent fiscal years, the P/E ratio varied, with 2021 at 18.74x, 2022 at 13.78x, 2023 at 17.24x, 2024 at 26.56x, and 2025 at 23.24x. The mean historical P/E ratio over the last five years has been around 15-20 times. The current P/E ratio stands at a discount to the industry peer median of 37.09-49.94 times, reflecting that investor expectations are adjusting to near-term earnings headwinds. The Vinyl Chemicals share price has been influenced by these valuation metrics. The Vinyl Chemicals stock price continues to be evaluated in the context of its earnings potential and market position.

Summary

Vinyl Chemicals is a leading VAM importer and distributor in India listed on both the NSE and BSE, where the Vinyl Chemicals share price reflects global petrochemical demand cycles, raw material cost dynamics, and import parity pricing within the commodity chemicals distribution sector. Its representation in multiple stock indices supports market visibility, while investor interest is shaped by earnings trends, valuation narratives, and broader chemical industry themes. Within the sector, the company’s competitive context and earnings dynamics provide key perspectives on its role in India’s chemical distribution market.