Vipul Organics Limited

Manufactures specialty chemicals — primarily pigments and dyes — at four production facilities located in Palghar, Tarapur, Ambernath, and Sayakha (Gujarat). The Sayakha plant commenced operations in 2026, becoming the company's fourth manufacturing site alongside the three existing ones. Beyond its core pigment and dye lines, the company booked its first commercial order in a newly developed organic intermediate for the automotive sector after 18 months of approvals, and has launched a new membrane and water-treatment vertical under the "Adimem" brand. FY26 total revenue stood at ₹175.40 crore, with raw materials the largest input cost at 39.4% of revenue, followed by other operating expenses at 18.3% and employee costs at 6.8%. Capital work-in-progress rose to ₹3,894 lakhs by year-end, largely tied to the Sayakha expansion and funded in part by a ₹27.54 crore preferential allotment in December 2025. The customer base spans industrial buyers across textile, automotive, and water-treatment sectors.