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Vadilal Industries Ltd (VADILALIND)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 519156 NSE: VADILALIND Consumer Food | Small Cap | Vadilal Industries Share Price
₹7,548.10 0.00 (0.00%)
As on 02-Sep'26 16:59
Vadilal Industries Ltd (VADILALIND)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 519156 NSE: VADILALIND Consumer Food | Small Cap | Vadilal Industries Share Price
₹7,548.10 0.00 (0.00%)
As on 02-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹5,425 Cr.
Current Price
₹7,548.1
52-Week Low / High
₹3,990 / 8,416
TTM EPS
₹210.4
TTM Sales
₹1,267 Cr.
Book Value per Share
₹849.1
P/E Ratio
35.88
Higher than its 5-year historical median
Industry PE
52.3
Price to Book (P/B)
8.89
Higher than its 5-year historical median
Price to Sales (P/S)
4.28
Higher than its 5-year historical median
EV/EBITDA
22.56
Higher than its 5-year historical median
Dividend Yield
0.57%
Profitability Efficiency
Return on Equity (ROE)
21.23%
Outperforms industry median
Return on Capital Employed (ROCE)
26.48%
Outperforms industry median
Return on Assets (ROA)
12.39%
Operating Profit Margin
13.1%
Net Profit Margin
8.83%
Gross Profit Margin
14.5%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
9.47%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-15.55%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-13.94%
Asset Quality
Promoter Holding
64.73%
Pledged shares (%) of Promoter's holding (%)
7.52%
Reserves
₹603 Cr.
Equity
₹7.2 Cr.
Face Value
₹10
All Time Low / High
₹2.30 / 8416.45
Check Before You Invest
Quality
Very GoodValuation
OvervaluedCheck Valuation charts
Price Trend
Strong
Is Vadilal Industries Ltd a good quality company?
Vadilal Industries Ltd is a good quality company, based on a consistently good multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Vadilal Industries Ltd performance compare with that of its Peers?
Revenue growth of Vadilal Industries Ltd vs industry peers?
Vadilal Industries Ltd revenue CAGR is 25.49%, compared to the industry median CAGR of 7.32%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Vadilal Industries Ltd?
Promoters hold 64.73% of the Vadilal Industries Ltd, with 7.52% of their stake pledged, indicating low pledge risk.
Stock return of Vadilal Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 29.4% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Vadilal Industries Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 21.8% | 16.9% | 24.4% | 16.5% | -3.8% | 10.9% | 30.1% | 34.3% | 35.2% | 26.5% | - |
| Value Creation Index ⓘ | 0.6 | 0.2 | 0.7 | 0.2 | -1.3 | -0.2 | 1.2 | 1.5 | 1.5 | 0.9 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 473 | 515 | 507 | 517 | 357 | 544 | 897 | 913 | 1,014 | 1,110 | 1,267 |
| Sales YoY Gr. | - | 8.9% | -1.6% | 1.9% | -31% | 52.6% | 64.8% | 1.8% | 11.1% | 9.5% | - |
| Adj EPS ⓘ | 24.7 | 19.2 | 41 | 43.1 | -33.5 | 14.5 | 99 | 132.7 | 155.7 | 126.7 | 210.4 |
| YoY Gr. | - | -22.3% | 113.9% | 5% | -177.9% | NA | 581.6% | 34% | 17.3% | -18.6% | - |
| BVPS (₹) ⓘ | 117.2 | 136.1 | 178 | 220.7 | 187.2 | 200.6 | 297.6 | 427.5 | 583.8 | 700.6 | 849.1 |
| Adj Net Profit ⓘ | 17.7 | 13.8 | 29.5 | 30.9 | -24.1 | 10.4 | 71.2 | 95.4 | 112 | 91.1 | 151 |
| Cash Flow from Ops. ⓘ | 43.2 | 18 | 38.9 | 47.6 | 62.2 | -4.9 | 33.1 | 138 | 76 | 128 | - |
| Debt/CF from Ops. ⓘ | 2.8 | 7.9 | 3.8 | 3.6 | 2.3 | -34.7 | 6 | 0.8 | 1 | 0.5 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 9.9% | 25.5% | 7.4% | 9.5% | ||||
| Adj EPS ⓘ | 19.9% | NA | 8.6% | -18.6% | ||||
| BVPSⓘ | 22% | 30.2% | 33% | 20% | ||||
| Share Price | 29.3% | 47.3% | 42.1% | 47.7% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 12.3 | 8.3 | 15.7 | 14.2 | -10.9 | 4.9 | 28 | 28.4 | 25.5 | 17 | 27.2 |
| Op. Profit Mgn % ⓘ | 11.9 | 8.9 | 13.2 | 11.6 | -1.5 | 7.8 | 13.1 | 16.8 | 17 | 13.1 | 16.9 |
| Net Profit Mgn % ⓘ | 3.8 | 2.7 | 5.8 | 6 | -6.8 | 1.9 | 7.9 | 10.5 | 11 | 8.2 | 11.9 |
| Debt to Equity ⓘ | 1.4 | 1.5 | 1.2 | 1.1 | 1.1 | 1.2 | 0.9 | 0.4 | 0.2 | 0.1 | - |
| Working Cap Days ⓘ | 109 | 111 | 126 | 138 | 197 | 126 | 100 | 113 | 121 | 135 | 65 |
| Cash Conv. Cycle ⓘ | 36 | 31 | 47 | 57 | 73 | 46 | 54 | 63 | 68 | 73 | 42 |
Valuation of Vadilal Industries - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.04 | 0.04 | 7.57 | 7.57 | 7.57 | 7.57 | 7.57 | 7.57 | 7.57 | 7.52 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 473 | 515 | 507 | 517 | 357 | 544 | 897 | 913 | 1,014 | 1,110 |
| Operating Expenses ⓘ + | 419 | 469 | 440 | 457 | 362 | 502 | 780 | 760 | 842 | 964 |
| Operating Profit ⓘ | 54 | 46 | 67 | 60 | -6 | 42 | 117 | 152 | 172 | 145 |
| Operating Profit Margin (%) | 11.5% | 8.9% | 13.1% | 11.5% | -1.6% | 7.8% | 13.1% | 16.7% | 17.0% | 13.1% |
| Other Income ⓘ + | 3 | 7 | 13 | 8 | 12 | 9 | 12 | 14 | 15 | 25 |
| Interest ⓘ | 16 | 15 | 14 | 15 | 20 | 18 | 13 | 14 | 8 | 9 |
| Depreciation ⓘ | 15 | 16 | 17 | 19 | 18 | 19 | 20 | 23 | 26 | 29 |
| Profit Before Tax ⓘ | 27 | 22 | 49 | 34 | -32 | 14 | 96 | 129 | 153 | 132 |
| Tax ⓘ | 10 | 7 | 17 | 2 | -8 | 4 | 25 | 33 | 39 | 34 |
| Profit After Tax | 17 | 15 | 31 | 32 | -24 | 10 | 72 | 96 | 114 | 98 |
| PAT Margin (%) | 3.5% | 2.9% | 6.2% | 6.2% | -6.8% | 1.9% | 8.0% | 10.5% | 11.2% | 8.8% |
| Adjusted EPS (₹) | 23.1 | 20.7 | 43.8 | 44.7 | -33.5 | 14.4 | 100.0 | 133.3 | 158.4 | 136.3 |
| Dividend Payout Ratio (%) | 5.40% | 6.10% | 2.90% | 0% | 0% | 8.70% | 1.50% | 1.10% | 13.30% | 31.50% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 159 | 173 | 203 | 234 | 210 | 219 | 289 | 383 | 495 | 579 | |
| Debt + | 99 | 124 | 123 | 153 | 125 | 148 | 169 | 85 | 65 | 46 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 83 | 76 | 65 | 81 | 102 | 72 | 78 | 79 | 103 | 104 | |
| Others Liabilities ⓘ | 70 | 62 | 74 | 72 | 65 | 70 | 91 | 99 | 94 | 95 | |
| Total Liabilities ⓘ | 411 | 435 | 466 | 540 | 501 | 510 | 627 | 645 | 758 | 824 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 250 | 254 | 262 | 301 | 300 | 293 | 301 | 337 | 343 | 330 | |
| CWIP ⓘ | 5 | 7 | 13 | 9 | 5 | 3 | 19 | 11 | 8 | 19 | |
| Investments ⓘ | 2 | 3 | 3 | 3 | 3 | 3 | 8 | 8 | 8 | 23 | |
| Inventories | 120 | 97 | 118 | 146 | 126 | 143 | 223 | 190 | 235 | 218 | |
| Trade Receivables | 14 | 45 | 33 | 33 | 21 | 34 | 38 | 58 | 112 | 122 | |
| Cash Equivalents | 3 | 3 | 3 | 16 | 19 | 9 | 11 | 10 | 6 | 15 | |
| Others Assets ⓘ | 17 | 26 | 32 | 33 | 27 | 24 | 28 | 31 | 45 | 98 | |
| Total Assets ⓘ | 411 | 435 | 466 | 540 | 501 | 510 | 627 | 645 | 758 | 824 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 43 | 18 | 39 | 48 | 62 | -5 | 33 | 138 | 76 | 128 |
| Cash Flow From Investing Activity ⓘ + | -23 | -24 | -29 | -50 | -10 | -10 | -42 | -41 | -28 | -79 |
| Cash Flow From Financing Activity ⓘ + | -20 | 6 | -10 | 9 | -50 | 9 | 12 | -102 | -47 | -42 |
| Net Cash Flow ⓘ | 0 | -0 | -0 | 6 | 2 | -6 | 3 | -5 | 1 | 7 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 21.85 | 16.31 | 27.89 | 22.44 | -16.44 | 7.42 | 40.17 | 36.77 | 31.33 | 21.23 |
| ROCE (%) | 21.76 | 16.93 | 24.37 | 16.46 | -3.84 | 10.85 | 30.14 | 34.33 | 35.19 | 26.48 |
| Asset Turnover Ratio | 1.25 | 1.24 | 1.13 | 1.04 | 0.69 | 1.08 | 1.58 | 1.44 | 1.45 | 1.4 |
| PAT to CFO Conversion(x) | 2.53 | 1.2 | 1.26 | 1.5 | N/A | -0.5 | 0.46 | 1.44 | 0.67 | 1.31 |
| Working Capital Days | ||||||||||
| Receivable Days | 14.10 | 20.70 | 28.20 | 23.30 | 27.70 | 18.50 | 14.60 | 19 | 30.60 | 38.60 |
| Inventory Days | 80.10 | 75.20 | 77.20 | 92.40 | 138.50 | 90.30 | 74.40 | 82.40 | 76.50 | 74.40 |
| Payable Days | 89.60 | 94.20 | 90.80 | 90.20 | 150 | 97.10 | 52.10 | 54.50 | 74 | 71 |
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Vadilal Industries Ltd FAQs
The current trading price of Vadilal Industries on 02-Sep-2026 16:59 is ₹7,548.1.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Sep-2026 the market cap of Vadilal Industries stood at ₹5,425.5 Cr
The latest P/E ratio of Vadilal Industries as of 01-Sep-2026 is 35.88.
The latest P/B ratio of Vadilal Industries as of 01-Sep-2026 is 8.89.
The 52-week high of Vadilal Industries is ₹8,416.5 and the 52-week low is ₹3,990.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Vadilal Industries is ₹1,267 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Vadilal Industries Ltd is a good quality company.
The key valuation ratios of Vadilal Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Vadilal Industries Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
About Vadilal Industries Ltd
Vadilal Icecream Pvt Limited was incorporated on June 12, 1961 to carry on the business of manufacture of ice cream candy. On April 28, 1982 the Company was incorporated in the name of Vadilal Oxygen Pvt Ltd, to carry on the business of purification and refilling of oxygen gas and selling the same. The objects of the company included processing of frozen fruits and vegetables and manufacture of ice cream. The company was amalgamated with Vadilal Oxygen Pvt. Ltd. effective July 1, 1985. Name of the company was subsequently changed to Vadilal Industries Pvt. Ltd. and it became a public limited company from August 4, 1989. It was promoted by Ramchandra R. Gandhi and Laxmanbhai R. Gandhi. The processed foods and frozen vegetable division commenced activities in May 1991.
The company is engaged in the manufacture and sale of ice-cream and processed food products. The company's ice-cream segment offers a range of ice creams and frozen desserts in packs, including cups, party packs, family bricks, dollies, cones, and candies. Its processed foods segment offers rozen foods, such as mango pulp, frozen fruit, pulp, and vegetable and ready to eat/serve food. The company also engages in real estate, forex management, money changing, cold storage, and chemicals and specialty gases businesses. It operates in India, the Middle East Asia, North America, Europe, the Asia pacific, and Africa. The company was founded in 1982 and is based in Ahmedabad, India.
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