Slide 1: Vipul Organics Limited
VIPUL ORGANICS LIMITED BSE: 530627 | Specialty Chemicals | Pigments| Pigment Intermediates| Membranes Colour Chemistry Rooted in Decades. A Growth Story Built for Tomorrow. INVESTOR DECK Q1 FY2026-27 BSE LISTED ₹510 Cr ₹175 Cr 50+ 58+ Market Cap FY26 Revenue Export Countries Years Heritage Vipul Org
Slide 2: Agenda
AGENDA 01 04 Indian Chemical Industry Strategic Strengths Structural tailwinds & market opportunity Competitive advantages & growth drivers Vipul Organics Investor Presentation Q1 FY2026-27 02 05 Company Snapshot Sayakha Expansion Heritage, operations & product portfolio Greenfield facility & capaci
Slide 3: Indian Chemical Industry Overview
Indian Chemical Industry Overview 0 Vipul Organics Limited | Investor Presentation | Q1 FY2026-27 1 3 / 27 /
Slide 4: Indian Chemical Industry — Structural Tailwinds
Indian Chemical Industry — Structural Tailwinds INDUSTRY USD USD ~3–6% 250B+ India Chemicals 93B+ Target Market for CAGR China+1 Supply Chain Market Size Specialty Chemicals by Dyes and Pigments Diversification 2034 Growth Rate 6th-largest global producer From ~USD 67B in 2025 Specialty segment, 202
Slide 5: Vipul Organics: A Company Snapshot
Vipul Organics A company 0 2 Snapshot Vipul Organics Limited | Investor Presentation | Q1 FY2026-27 5 / 27 /
Slide 6: Vipul Organics — Heritage & Leadership
Vipul Organics — Heritage & Leadership COMPANY BSE 1968 63.94% Founded 530627 Listed Since 1995 Promoter Holding THE VIPUL ORGANICS STORY THREE-GENERATION LEADERSHIP Founded in 1968 by Late Shri. Pravinchandra B. Shah Late Shri. Pravinchandra B. Shah with Naphthols and dye intermediates. Founder &
Slide 7: Vipul Organics — Integration, Reach & Diversification
Vipul Organics — Integration, Reach & COMPANY Diversification ₹510 Cr 50+ 2,400+ Market Cap Export Countries SKUs / Products PIGMENT VERTICAL INTEGRATION MODEL GLOBAL RE AC H PIGMENT INTERMEDAITES Asia Pacific Napthols · Aromatic amines · ODiHCL · OT Base · 5COT Red TR India, SE Asia, China, Japan,
Slide 8: Products, Facilities & Brand Portfolio
Products, Facilities & Brand Portfolio COMPANY 2,400+ SKUs / Products 13 Product Categories 3 Manufacturing Sites 10+ Brand Families 55+ Years Integrated Mfg PRODUCT PORTFOLIO — 13 CATEGORIES MANUFACTURING FOOTPRINT — 3 SITES SunTone® Pigment Powders SunCoat® Pigment Dispersions Palghar Azo, Phthalo
Slide 9: Operations & Product Portfolio
Operations & Product Portfolio PRODUCTS OP E R ATI ON S & S E CT OR S S ER V E D P R OD U CT P ORTF OLI O Pigment Powders Textiles & Apparel Paints & Coatings Azo, phthalocyanine & HPP grades Pigment Dispersions Plastics & Masterbatches Printing Inks For textile printing & coatings Reactive Dyes OEK
Slide 10: Recent Developments
Recent Developments UPDATE OPERATIONS, EXPANSION & FINANCIAL DISTRIBUTION TIE-UP & CAPITAL RAISED PERFORMANCE AUG 2026 JUN 2026 1 Sayakha Commences Production 4 Omya Europe Tie-up Commercial operations began at the new Gujarat greenfield Exclusive distribution deal with Omya — a global specialty fac
Slide 11: Q1 FY27 Financial Performance
Q1 FY27 Financial 0 3 Performance Vipul Organics Limited | Investor Presentation | Q1 FY2026-27 11 / 2 /
Slide 12: Q1 FY27 Financial Highlights — Quarter Ended Jun
Q1 FY27 Financial Highlights — Quarter Ended Jun Q1 FY27 2026 ₹51.78 ₹2.53 ₹3.45 Cr Net Revenue Cr Profit After Tax Cr Profit Before Tax 9.6% Operating Margin ₹1.33 EPS (Q1 FY27) +37.7% YoY | -0.8% QoQ +99.7% YoY | +27.8% QoQ +112.9% YoY vs ₹1.62 Cr Margins expanding on vs ₹0.86 in Q1 FY26 Sayakha r
Slide 13: Quarterly Financial Trends — Revenue & Profitability
Quarterly Financial Trends — Revenue & Profitability TRENDS Quarterly Revenue (₹ Crore) Quarterly PAT (₹ Crore) 60 3 52 52 3 50 46 2.5 44 41 39 39 2 40 38 2 2 2 1 30 1.5 1 1 20 1 1 10 0.5 0 0 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 FY25 FY25 FY25 FY26 FY26 FY26 FY26 FY27 FY25 FY25 FY25 FY26
Slide 14: Annual Financial Performance — FY2020 to FY2026
Annual Financial Performance — FY2020 to FY2026 ANNUAL P&L Net Worth (₹ Cr) — Steady Annual Revenue (₹ Cr) | FY2020–FY2026 Compounding 200 140 120 180 175 100 163 160 80 150 60 140 133 134 40 119 120 20 0 100 92 Y 20 Y 21 Y 2 2 Y 2 3 Y 2 4 Y 2 5 Y 26 80 F F F F F F F 60 13% 10-Yr Revenue CAGR 40 20
Slide 15: Strategic Strengths & Growth Drivers
Strategic Strengths & Growth Drivers 0 Vipul Organics Limited | Investor Presentation | Q1 FY2026-27 4 15 / 27 /
Slide 16: Strategic Competitive Strengths
Strategic Competitive Strengths STRENGTHS Niche Pigment Expertise Backward Integration Global Export Network In-house naphthols, intermediates & base Active in 56+ countries; diversified Deep azo pigment & dyestuff know-how chemicals leads to cost & quality control geography reduces single-market bu
Slide 17: Growth Drivers — Near-Term & Structural
Growth Drivers — Near-Term & Structural GROWTH 01 02 Capacity Utilisation Ramp Export Market Expansion China+1 strategy creates structural demand shift. Jun 2026: signed Existing Maharashtra plants running at sub-optimal utilisation; exclusive European distribution agreement with Omya Group for incr
Slide 18: Sayakha Greenfield Expansion Project
Sayakha Greenfield Expansion Project 0 Vipul Organics Limited | Investor Presentation | Q1 FY2026-27 5 18 / 27 /
Slide 19: Sayakha Greenfield Facility — Project Snapshot
Sayakha Greenfield Facility — Project Snapshot CAPEX C A PA C I T Y E X PA N S I O N — P H A S E D R O L L - OUT ~2,000 TPA ~3,600 TPA Phase-1 (Live, Aug'26) → ~10,000 TPA Multi-Phase Pre-Sayakha ▶ Target across all facilities (Legacy Sites) Location Nature Status C a p ex Fu n d i n g Integrated Gr
Slide 20: Sayakha — Strategic Rationale & Medium-Term Financial Impact
Sayakha — Strategic Rationale & Medium-Term SAYAKHA Financial Impact ST R AT EG I C R AT I ON A LE F IN ANCI AL I M PAC T (M E D IU M T E R M ) 1 Scale Advantage Revenue Lift Higher scale structurally reduces unit manufacturing cost; Sayakha to structurally raise consolidated revenue base improves c
Slide 21: ADIMEM Technologies — Membrane Manufacturing Platform
ADIMEM Technologies — Membrane Manufacturing WATER SOLUTIONS Platform 6 Membrane Technologies 10+ Industries Served 1st In-House Mfg. in India Apr 2026 Commercial Sales Began 25% 3-Yr Revenue Target MEMBRANE TECHNOLOGY PORTFOLIO TARGET APPLICATIONS — 4 END -MARKETS Reverse Osmosis Nanofiltration RO
Slide 22: Water Solutions — Strategic Rationale & Market Opportunity
Water Solutions — Strategic Rationale & Market WATER SOLUTIONS Opportunity WHY V I P UL OR G A N I C S IN M EM B R A N E S M AR KE T OP PO RT UNI T Y 1 First-Mover: In-House Manufacturing Large & Growing Market ADIMEM is positioned as India's first fully in-house membrane Global water-treatment memb
Slide 23: Investment Thesis, ESG & Key Risks
Investment Thesis, ESG & Key Risks 0 Vipul Organics Limited | Investor Presentation | Q1 FY2026-27 6 23 / 27 /
Slide 24: Shareholding Pattern
Shareholding Pattern OWNERSHIP Shareholding Pattern (Jun 2026) Small-cap specialty Market Cap ₹510 Cr chemicals 0% 36% Improving post-capex ramp 64% ₹1/share declared (FY25) Promoters Public10-Yr FIIsStock CAGR Strong long-term compounding Promoter stake at 63.94% (Jun 2026), up from 54.5% (FY18) —
Slide 25: ESG & Sustainability Focus
ESG & Sustainability Focus ESG E N V I R O N M E N TA L SOCIAL GOVERNANCE • Second & third generation, professionally qualified, • BSE-listed with consistent • OEKO-TEX ECO PASSPORT family leadership regulatory compliance since certified for entire pigment & • 1995 Long-tenure management reactive dy
Slide 26: Investment Thesis & Key Risks
Investment Thesis & Key Risks THESIS WHY VI PUL ORGANIC S? KEY RISKS TO M ONIT OR Attractive Structural Niche Raw Material Volatility Dyes & pigments in India is a structurally growing specialty chemicals segment Azo dye intermediates & petrochemical-derived with both domestic demand and strong expo
Slide 27: Safe Harbour Statement
IMPORTANT NOTICE Safe Harbour Statement This presentation has been prepared by Vipul Organics Limited for information purposes only. It does not constitute, and should not be construed as, an offer or invitation to subscribe for or purchase any securities of the Company in any jurisdiction. This may