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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

₹1,475 18.45 (1.27%)

As on 05-Jun'26 16:59

Veedol Corporation Ltd (VEEDOL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 590005 NSE: VEEDOL Lubricants | Small Cap | Veedol Corporation Share Price

₹1,475 18.45 (1.27%)

As on 05-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹2,570 Cr.
Current Price
₹1,475
52-Week Low / High
₹1,239 / 2,026
TTM EPS
₹77.6
TTM Sales
₹1,547 Cr.
Book Value per Share
₹455.8
P/E Ratio
19.01
Lower than its 5-year historical median
Industry PE
16.8
Price to Book (P/B)
3.24
Lower than its 5-year historical median
Price to Sales (P/S)
1.66
In line with its 5-year historical median
EV/EBITDA
14.33
Lower than its 5-year historical median
Dividend Yield
3.95%
Profitability Efficiency
Return on Equity (ROE)
17.08%
Underperforms industry median
Return on Capital Employed (ROCE)
18.86%
Underperforms industry median
Return on Assets (ROA)
8.95%
Operating Profit Margin
5.8%
Net Profit Margin
8.18%
Gross Profit Margin
10%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-1.88%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
-4.86%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
12.79%
Asset Quality
Promoter Holding
64.58%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹791 Cr.
Equity
₹3.5 Cr.
Face Value
₹2
All Time Low / High
₹42.75 / 3693.75

Veedol Corporation stock performance

Key Ratios
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Check Before You Invest

Valuation

Somewhat Overvalued

Price Trend

Semi Strong
Q.1 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?
Q.1 Revenue growth of Veedol Corporation Ltd vs industry peers?
Veedol Corporation Ltd revenue CAGR is 6.26%, compared to the industry median CAGR of 13.26%, indicating slower growth and losing its market share.
Q.1 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.
Q.1 Stock return of Veedol Corporation Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 2% 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 end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 23.9%24.8%23%22.8%21.8%22.9%20%15.8%19.8%18.9%-
Value Creation
Index
0.70.80.70.60.60.60.40.10.40.4-

Growth Parameters

Sales 9359621,0741,1931,1271,0511,2481,4921,5571,5271,547
Sales YoY Gr.-2.8%11.8%11.1%-5.5%-6.7%18.7%19.6%4.3%-1.9%-
Adj EPS 57.960.957.257.665.572.86549.365.974.277.6
YoY Gr.-5.2%-6.1%0.6%13.9%11.1%-10.8%-24.2%33.8%12.5%-
BVPS (₹) 345.1369.7385.9380.5395.8414.2395.2402.5419.1440.9455.8
Adj Net
Profit
10110497.410011412711385.8115129135
Cash Flow from Ops. 13941.210282.212148.279.954.295-34.9-
Debt/CF from Ops. 00000000.100-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 5.6%6.3%7%-1.9%
Adj EPS 2.8%2.5%4.5%12.5%
BVPS2.8%2.2%3.7%5.2%
Share Price 2.5% -9.2% 18.6% -10.6%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
18.116.915.215.417.318.416.512.716.417.717.3
Op. Profit
Mgn %
15.213.811.710.911.813.295.66.35.83.4
Net Profit
Mgn %
10.810.89.18.410.112.19.15.87.48.58.7
Debt to
Equity
00000000000
Working Cap
Days
11512720225227528024621522723275
Cash Conv.
Cycle
4639393435395050516652

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales9359621,0741,1931,1271,0511,2481,4921,5571,527
Operating Expenses + 7948309491,0721,0079261,1451,4111,4641,439
Manufacturing Costs100784750485154606376
Material Costs514526609692597562779998993923
Employee Cost 49557073808286939993
Other Costs 131171224257282230226260308347
Operating Profit 141131125121121126103819388
Operating Profit Margin (%) 15.1%13.6%11.7%10.2%10.7%12.0%8.2%5.5%6.0%5.8%
Other Income + 24293035334246365678
Exceptional Items -2400000000-7
Interest 0111121113
Depreciation 778891011101022
Profit Before Tax 133151147147143156136106137134
Tax 5048505037383021279
Profit After Tax 83103979710611710785111125
PAT Margin (%) 8.9%10.7%9.0%8.1%9.4%11.2%8.5%5.7%7.1%8.2%
Adjusted EPS (₹)47.860.657.056.962.269.162.749.965.173.5
Dividend Payout Ratio (%)52.30%49.60%61.40%82.60%80.40%86.90%87.70%84.10%79.80%73.50%

Valuation of Veedol Corporation - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 601629656647673704672684713749
Share Capital 2222223333
Reserves 599627654645671702668681709746
Debt +0000000400
Long Term Debt0000000000
Short Term Debt0000000400
Minority Interest0000000000
Trade Payables12113414714312715515015598100
Others Liabilities 88126490538584512547571651480
Total Liabilities 8098881,2931,3281,3841,3711,3691,4141,4611,330

Fixed Assets

Net Fixed Assets +9797103110120118113108103137
Gross Block149111125140158167171173176231
Accumulated Depreciation52142229384858657293
CWIP 2031211272
Investments 115212215215217215215215215215
Inventories156186167167180263252270245287
Trade Receivables146154138148104109138148143187
Cash Equivalents 2431461701531961791431471914
Others Assets 5193496532566485507524729488
Total Assets 8098881,2931,3281,3841,3711,3691,4141,4611,330

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 139411028212148805495-35
PBT 133151147147143156136106137141
Adjustment -12-17-13-10-7-14-19-21-32-45
Changes in Working Capital 45-3422-221-66-11-117-101
Tax Paid -52-59-53-53-37-27-27-21-17-23
Cash Flow From Investing Activity + -716-86-6-43444731-37129
Capex -15-7-17-14-17-6-6-7-16-21
Net Investments 00-84-6-4126247-6571
Others 8231514152429314480
Cash Flow From Financing Activity + -48-56-71-105-76-84-138-68-85-99
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -1000-0-0-0-00-2
Dividend Paid -48-58-61-91-64-84-139-73-82-91
Others 11-10-14-12016-3-6
Net Cash Flow 831-55-2919-1218-27-4

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)14.8916.7515.0914.8516.0217.0615.4912.5215.8517.08
ROCE (%)23.8524.8223.0322.7621.8422.8920.0215.7719.7718.86
Asset Turnover Ratio1.451.331.020.910.830.810.951.121.151.16
PAT to CFO Conversion(x)1.670.41.050.851.140.410.750.640.86-0.28
Working Capital Days
Receivable Days49.1048.4047.9043.8040.803534.7033.5032.2037.10
Inventory Days51.3055.2057.9051.1056.2072.8072.2061.2056.9059.80
Payable Days74.5088.2084.1076.5082.6091.5071.4055.7046.4039.10

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *54.170.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Veedol Corporation Ltd FAQs

The current trading price of Veedol Corporation on 05-Jun-2026 16:59 is ₹1,475.

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 04-Jun-2026 the market cap of Veedol Corporation stood at ₹2,570 Cr

The latest P/E ratio of Veedol Corporation as of 04-Jun-2026 is 19.01.

The latest P/B ratio of Veedol Corporation as of 04-Jun-2026 is 3.24.

The 52-week high of Veedol Corporation is ₹2,026.1 and the 52-week low is ₹1,239.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Veedol Corporation is ₹1,547 ( 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 Semi Strong which suggest that the price of Veedol Corporation Ltd is likely to Rise-somewhat 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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