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Vipul Organics participates in PAINTINDIA, the largest paint exhibition of the country

Posted On: 2024-02-21 15:45:52 (Time Zone: IST)

Vipul Organics Limited, the BSE listed (VIPULORG / 530627) leading Specialty Chemicals company in the pigments and dyes segment, today announced their participation in PAINTINDIA from February 22-24 at Mumbai. Vipul Organics is very excited to meet with customers in the segment and showcase its capabilities to existing and potential clients at the Bombay Exhibition Centre, Mumbai.

For the Paints Segment, Vipul Organics already has a huge bouquet of Pigment Powder and Pigment Dispersions, under the brand name SunTone® and SunCoat® respectively. SunTone® is available for a wide spectrum of colours for Decorative Paints, Architectural Coatings, Industrial Paints and Automobile Coatings. In addition, Vipul Organics will also showcase its new offering - Universal stainers for the Paints industry.

At Rs. 70,000 Crore currently, the Indian Paint Industry is growing at double digits for the last two decades. It is also the fastest growing major paint economy in the world. Today there are 3000+ paint manufacturers in India and almost all global players also have sizeable presence here. The Industry is expected to grow to Rs. 1 Lakh crore by 2028/9.

Pigments are the one of the 4 main ingredients in the composition of Paints and constitute of around 30% by volume in paints. The pigment volume concentration in paints varies from 20% to 85% across applications and is the most important aspect of paints.

"We are very happy to be at Paint India 2024 and be a part of this exciting platform. Paint industry contributes 30% to our topline and we are constantly engaging with our customers to provide them customized solutions for colorants. Vipul Organics currently has some of the best manufacturing facilities for Pigments in India and since we make our own Pigment powders, our customers are assured of consistent quality of Pigments dispersions at competitive pricing", says Mr. Mihir V Shah, Executive Director, Vipul Organics Limited.

"We are undertaking major capacity expansion and by the FY 2025-26, we will be amongst the largest integrated Pigment manufacturers in the world. Our expectations are based on the booming Paint industry and the huge capex by some of the leading Industrial groups in the sector. We are hopeful of becoming the partner of choice for the Paints industry and are targeting 25% growth in revenues from this segment in the next few years", he adds.

Shares of Vipul Organics Ltd was last trading in BSE at Rs. 225.45 as compared to the previous close of Rs. 187.90. The total number of shares traded during the day was 299682 in over 1567 trades.

The stock hit an intraday high of Rs. 225.45 and intraday low of 183.00. The net turnover during the day was Rs. 66096020.00.

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