During Thursday’s trading session, shares of one of the leading specialty chemicals company in the pigments and dyes segment hit a 5 percent upper circuit on BSE, after the company announced entry into the membrane manufacturing to expand its portfolio.
With a market cap of Rs. 384.5 crores, the shares of Vipul Organics Limited hit a 5 percent upper circuit at Rs. 216.65 on BSE, as compared to its previous closing price of Rs. 206.35. The stock has delivered positive returns of more than 51 percent in one year, and has gained nearly 29 percent in the last one month.
What’s the News
According to the latest regulatory filings with the BSE, Vipul Organics Limited has announced its strategic expansion into membrane manufacturing. “This move builds on our core strengths in specialty chemicals and our experience with zero-liquid discharge technologies. As industries shift toward circularity and lower water footprints, we see membrane technology as a key enabler and a vital part of our vision for responsible growth,” commented the company’s Managing Director, Vipul P Shah.
This new initiative is led by Dr. Vatsal Shah, Vipul Shah’s younger son, who holds a PhD in Membrane Technology. Under his leadership, the company is setting up a separate facility at its greenfield project at Saykha, Gujarat. This independent facility will house advanced R&D, engineering, and production functions, specifically focused on developing membrane solutions for both domestic and global markets.
By entering the membrane segment, Vipul Organics aims to complement its existing strengths, broaden its technology base, and create a new growth engine. The expansion is also seen as a move to de-risk the business and align with evolving industry needs around sustainability and water efficiency.
Membrane technology plays a crucial role in modern industrial operations, especially in water and wastewater treatment, food and beverage processing, pharmaceuticals, and filtration systems.
According to Fortune Business Insights, the global water and wastewater treatment market was valued at $323.32 billion in 2023, and is expected to grow from $346.41 billion in 2024 to $617.81 billion by 2032, with a CAGR of 7.5 percent during the forecast period.
Financials & More
Vipul Organics reported a marginal growth in revenue from operations, experiencing a year-on-year rise of nearly 10 percent, from Rs. 40 crores in Q4 FY24 to Rs. 44 crores in Q4 FY25. In contrast, the company’s net profit decreased during the same period from Rs. 1.07 crores to Rs. 0.8 crores, representing a decline of nearly 25 percent YoY.
Vipul Organics Limited, formerly known as Vipul Dyes & Chemicals Limited, is principally engaged in the business of manufacturing and trading of dye stuffs, organic pigments and organic intermediates. It is a government-recognised export house, and exports dye intermediates to Switzerland, Hong Kong, Germany, the US and Italy.
Written by Shivani Singh
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