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Veedol Corporation Ltd (VEEDOL)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 590005 NSE: VEEDOL Lubricants | Small Cap | Veedol Corporation Share Price
₹1,367 -5.30 (-0.39%)
As on 23-Sep'26 14:05
Veedol Corporation Ltd (VEEDOL)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 590005 NSE: VEEDOL Lubricants | Small Cap | Veedol Corporation Share Price
₹1,367 -5.30 (-0.39%)
As on 23-Sep'26 14:05
Key Metrics
Valuation Multiples
Market Cap
₹2,391 Cr.
Current Price
₹1,367
52-Week Low / High
₹1,239 / 1,983
TTM EPS
₹126.2
TTM Sales
₹2,263 Cr.
Book Value per Share
₹634.4
P/E Ratio
10.88
Lower than its 5-year historical median
Industry PE
14.1
Price to Book (P/B)
2.16
Lower than its 5-year historical median
Price to Sales (P/S)
1.06
Lower than its 5-year historical median
EV/EBITDA
7.75
Lower than its 5-year historical median
Dividend Yield
4.24%
Profitability Efficiency
Return on Equity (ROE)
19.66%
Outperforms industry median
Return on Capital Employed (ROCE)
24.70%
Outperforms industry median
Return on Assets (ROA)
11.06%
Operating Profit Margin
10.5%
Net Profit Margin
8.84%
Gross Profit Margin
10.1%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
1.29%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
17.71%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
13.55%
Asset Quality
Promoter Holding
64.58%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,102 Cr.
Equity
₹3.5 Cr.
Face Value
₹2
All Time Low / High
₹42.75 / 3693.75
Check Before You Invest
Quality
Very GoodValuation
Somewhat OvervaluedCheck Valuation charts
Price Trend
Weak
Is Veedol Corporation Ltd a good quality company?
Veedol Corporation 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 Veedol Corporation Ltd performance compare with that of its Peers?
Revenue growth of Veedol Corporation Ltd vs industry peers?
Veedol Corporation Ltd revenue CAGR is 11.50%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Veedol Corporation Ltd?
Promoters hold 64.58% of the Veedol Corporation Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Veedol Corporation Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 2.1% 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.
Veedol Corporation 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 % ⓘ | 24.8% | 23% | 22.8% | 21.8% | 22.9% | 20% | 15.8% | 19.8% | 18.9% | 18.8% | - |
| Value Creation Index ⓘ | 0.8 | 0.7 | 0.6 | 0.6 | 0.6 | 0.4 | 0.1 | 0.4 | 0.4 | 0.3 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 962 | 1,074 | 1,193 | 1,127 | 1,051 | 1,248 | 1,492 | 1,557 | 1,527 | 1,547 | 1,566 |
| Sales YoY Gr. | - | 11.8% | 11.1% | -5.5% | -6.7% | 18.7% | 19.6% | 4.3% | -1.9% | 1.3% | - |
| Adj EPS ⓘ | 60.9 | 57.2 | 57.6 | 65.5 | 72.8 | 65 | 49.3 | 65.9 | 74.2 | 77.5 | 83.3 |
| YoY Gr. | - | -6.1% | 0.6% | 13.9% | 11.1% | -10.8% | -24.2% | 33.8% | 12.5% | 4.5% | - |
| BVPS (₹) ⓘ | 369.7 | 385.9 | 380.5 | 395.8 | 414.2 | 395.2 | 402.5 | 419.1 | 440.9 | 467.1 | 470.8 |
| Adj Net Profit ⓘ | 104 | 97.4 | 100 | 114 | 127 | 113 | 85.8 | 115 | 129 | 135 | 145 |
| Cash Flow from Ops. ⓘ | 41.2 | 102 | 82.2 | 121 | 48.2 | 79.9 | 54.2 | 95 | -34.9 | 91.4 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0 | 0 | 0 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 5.4% | 8% | 1.2% | 1.3% | ||||
| Adj EPS ⓘ | 2.7% | 1.2% | 16.3% | 4.5% | ||||
| BVPSⓘ | 2.6% | 2.4% | 5.1% | 6% | ||||
| Share Price | 2% | -5.5% | 4.4% | -28.9% | ||||
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 % ⓘ | 16.9 | 15.2 | 15.4 | 17.3 | 18.4 | 16.5 | 12.7 | 16.4 | 17.7 | 17.5 | 17.8 |
| Op. Profit Mgn % ⓘ | 13.8 | 11.7 | 10.9 | 11.8 | 13.2 | 9 | 5.6 | 6.3 | 5.8 | 3.5 | 3.7 |
| Net Profit Mgn % ⓘ | 10.8 | 9.1 | 8.4 | 10.1 | 12.1 | 9.1 | 5.8 | 7.4 | 8.5 | 8.7 | 9.3 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 127 | 202 | 252 | 275 | 280 | 246 | 215 | 227 | 232 | 186 | 75 |
| Cash Conv. Cycle ⓘ | 39 | 39 | 34 | 35 | 39 | 50 | 50 | 51 | 67 | 68 | 52 |
Valuation of Veedol Corporation - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* 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 | 1,130 | 1,275 | 1,379 | 1,317 | 1,258 | 1,536 | 1,854 | 1,933 | 1,972 | 2,169 |
| Operating Expenses ⓘ + | 994 | 1,136 | 1,249 | 1,179 | 1,094 | 1,388 | 1,712 | 1,762 | 1,779 | 1,942 |
| Operating Profit ⓘ | 136 | 139 | 131 | 138 | 164 | 147 | 142 | 171 | 193 | 227 |
| Operating Profit Margin (%) | 12.0% | 10.9% | 9.5% | 10.5% | 13.0% | 9.6% | 7.7% | 8.8% | 9.8% | 10.5% |
| Other Income ⓘ + | 30 | 23 | 21 | 23 | 22 | 20 | 15 | 20 | 20 | 18 |
| Interest ⓘ | 3 | 3 | 2 | 2 | 2 | 2 | 1 | 2 | 4 | 2 |
| Depreciation ⓘ | 9 | 9 | 10 | 12 | 14 | 15 | 15 | 15 | 29 | 34 |
| Profit Before Tax ⓘ | 153 | 150 | 139 | 146 | 170 | 160 | 147 | 187 | 202 | 238 |
| Tax ⓘ | 51 | 53 | 52 | 39 | 44 | 37 | 33 | 44 | 33 | 47 |
| Profit After Tax | 103 | 98 | 86 | 106 | 126 | 123 | 115 | 143 | 169 | 192 |
| PAT Margin (%) | 9.1% | 7.7% | 6.3% | 8.1% | 10.0% | 8.0% | 6.2% | 7.4% | 8.6% | 8.8% |
| Adjusted EPS (₹) | 63.7 | 62.9 | 57.0 | 71.8 | 83.1 | 72.3 | 67.4 | 84.1 | 99.3 | 112.7 |
| Dividend Payout Ratio (%) | 47.10% | 55.70% | 82.40% | 69.60% | 72.20% | 76.10% | 62.30% | 61.90% | 54.40% | 51.50% |
| 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 + | 613 | 650 | 640 | 681 | 737 | 720 | 764 | 827 | 914 | 1,036 | |
| Debt + | 29 | 42 | 39 | 35 | 17 | 13 | 4 | 0 | 0 | 0 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 168 | 183 | 179 | 172 | 204 | 211 | 215 | 156 | 163 | 206 | |
| Others Liabilities ⓘ | 135 | 498 | 547 | 594 | 521 | 571 | 604 | 712 | 575 | 572 | |
| Total Liabilities ⓘ | 945 | 1,374 | 1,405 | 1,482 | 1,478 | 1,516 | 1,588 | 1,695 | 1,652 | 1,814 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 231 | 242 | 247 | 262 | 277 | 269 | 270 | 290 | 336 | 348 | |
| CWIP ⓘ | 0 | 3 | 2 | 12 | 4 | 3 | 2 | 10 | 7 | 8 | |
| Investments ⓘ | 66 | 70 | 71 | 77 | 74 | 70 | 70 | 73 | 78 | 82 | |
| Inventories | 201 | 189 | 189 | 201 | 286 | 290 | 304 | 279 | 333 | 325 | |
| Trade Receivables | 200 | 189 | 196 | 152 | 164 | 212 | 237 | 224 | 293 | 345 | |
| Cash Equivalents | 149 | 179 | 160 | 205 | 184 | 149 | 163 | 41 | 45 | 205 | |
| Others Assets ⓘ | 98 | 502 | 540 | 575 | 489 | 522 | 541 | 778 | 560 | 502 | |
| Total Assets ⓘ | 945 | 1,374 | 1,405 | 1,482 | 1,478 | 1,516 | 1,588 | 1,695 | 1,652 | 1,814 | |
| 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 ⓘ + | 35 | 94 | 79 | 133 | 69 | 93 | 103 | 156 | 30 | 194 |
| Cash Flow From Investing Activity ⓘ + | 24 | -86 | -1 | -49 | 38 | 37 | 6 | -92 | 72 | 47 |
| Cash Flow From Financing Activity ⓘ + | -56 | -58 | -110 | -80 | -102 | -142 | -81 | -86 | -99 | -122 |
| Net Cash Flow ⓘ | 2 | -50 | -31 | 3 | 5 | -12 | 28 | -22 | 3 | 119 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 17.15 | 15.43 | 13.38 | 16.11 | 17.76 | 16.88 | 15.44 | 17.96 | 19.38 | 19.66 |
| ROCE (%) | 24.9 | 22.88 | 20.58 | 21.24 | 23.47 | 21.76 | 19.79 | 23.67 | 23.56 | 24.7 |
| Asset Turnover Ratio | 1.45 | 1.13 | 0.99 | 0.91 | 0.89 | 1.06 | 1.25 | 1.24 | 1.28 | 1.38 |
| PAT to CFO Conversion(x) | 0.34 | 0.96 | 0.92 | 1.25 | 0.55 | 0.76 | 0.9 | 1.09 | 0.18 | 1.01 |
| Working Capital Days | ||||||||||
| Receivable Days | 51.30 | 54.10 | 50.90 | 48.20 | 43.70 | 43.10 | 42.20 | 41.20 | 44.10 | 48.70 |
| Inventory Days | 51 | 54.40 | 50.10 | 54.10 | 67.40 | 66.10 | 55.70 | 52.10 | 52.20 | 50.20 |
| Payable Days | 87.20 | 85.90 | 81 | 89.20 | 98.70 | 78 | 62.90 | 55.50 | 49.60 | 52.90 |
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Veedol Corporation Ltd FAQs
The current trading price of Veedol Corporation on 23-Sep-2026 14:05 is ₹1,367.
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 22-Sep-2026 the market cap of Veedol Corporation stood at ₹2,391.1 Cr
The latest P/E ratio of Veedol Corporation as of 22-Sep-2026 is 16.48.
The latest P/B ratio of Veedol Corporation as of 22-Sep-2026 is 2.91.
The 52-week high of Veedol Corporation is ₹1,983.2 and the 52-week low is ₹1,239.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Veedol Corporation is ₹1,566 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Veedol Corporation Ltd is a good quality company.
The key valuation ratios of Veedol Corporation Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Veedol Corporation Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Veedol Corporation Ltd
Tide Water Oil Company, incorporated in 1928, is a part of the multi divisional Andrew Yule group that has diverse interests in Engineering, Electrical, Tea Cultivation, Power Generation, Digital Communication Systems and Lubricants.
Tide Water has been a pioneer of Automotive and Industrial lubricants in India since 1928 and has five plants at Howrah, Oragadam, Turbhe, Silvassa and Faridabad.
Its repertoire of automotive products includes engine oils for trucks, tractors, commercial vehicles, passenger cars and two/three wheelers. It also produces gear oils, transmission oils, coolants and greases for automobiles. For industrial application it manufactures industrial oils, greases and speciality products like metal working fluids, quenching oils and heat transfer oils. Tide Water has tie-ups for manufacture of genuine oils with a number of renowned OEMs in the automotive and industrial equipment segment.
Quality has been key area focus and the company has continued to innovate with high performance products keeping pace with advancements in technology and market needs. It reaches out to its customers through its pan India distribution network with the popular Veedol range of products, widely accepted for their quality and excellence.
The company also has technical collaboration with Nippon Oil Corporation, the No.1 petroleum conglomerate in Japan. Superior quality lubricants under the brand name Eneos are manufactured and marketed in India by Tide Water Oil.Tide Water Oil has a wide range of attractive promotional schemes for its distribution network across the country. It also offers a number of value added support services including training for its distributors’ sales force.
Tide Water Oil Company (India) Ltd has entered into a commercial agreement with IFT to market and sell IFT`s DiesoLIFTTM 10 in India. Tidewater is a leading manufacturer and marketer of automotive and industrial lubricants in India. Tidewater has five manufacturing facilities in India and a Pan Indian distribution network.
Tidewater sees a primary market for Dieso LIFTTM 10 with power generation set users, tractor operators in the agricultural industry and retail distribution outlets in India.
Product range of the company includes:
- VEEDOL
- Automotive Oils-Diesel Engine Oils, Premium Diesel Engine Oils, PCMO & 2 Wheeler oils, Dedicated Engine oils, Gear & Transmission oils, Agri Engine Oils, Coolant, Brake Fluid, ETC.
- Industrial Oils-General Purpose Machinery Oils, Spindle Oils, Turbine Oils, Hydraulic & Circulation Oils, Steam Cylinder Oils, Industrial Gear oils, Mill Rolls Oil, Non Drip oils, Cutting oils, etc
- Industrial Grease-Calcium Base Grease, Lithium base grease, High Temperature grease, Cardium Compound Grease, Graphite grease, etc.
- Automotive Grease-Lithium Base Grease, Sodium Base Grease, Calcium base grease
- Genuine oils-Diesel engine oils, petrol engine oils
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