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Veljan Denison Ltd (VELJAN)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 505232 NSE: VELJAN Compressors / Pumps | Small Cap | Veljan Denison Share Price
₹2,048.85 -29.40 (-1.41%)
As on 25-Sep'26 16:59
Veljan Denison Ltd (VELJAN)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 505232 NSE: VELJAN Compressors / Pumps | Small Cap | Veljan Denison Share Price
₹2,048.85 -29.40 (-1.41%)
As on 25-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹922 Cr.
Current Price
₹2,048.9
52-Week Low / High
₹752 / 2,090
TTM EPS
₹58.2
TTM Sales
₹165 Cr.
Book Value per Share
₹574.6
P/E Ratio
35.22
Higher than its 5-year historical median
Industry PE
47.4
Price to Book (P/B)
3.57
Higher than its 5-year historical median
Price to Sales (P/S)
5.59
Higher than its 5-year historical median
EV/EBITDA
19.76
Higher than its 5-year historical median
Dividend Yield
0.41%
Profitability Efficiency
Return on Equity (ROE)
10.84%
Underperforms industry median
Return on Capital Employed (ROCE)
14.93%
Underperforms industry median
Return on Assets (ROA)
9.39%
Operating Profit Margin
24.2%
Net Profit Margin
15.75%
Gross Profit Margin
25.7%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
4.53%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
7.57%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
8.94%
Asset Quality
Promoter Holding
74.98%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹254 Cr.
Equity
₹4.5 Cr.
Face Value
₹10
All Time Low / High
₹10.86 / 2100.00
Check Before You Invest
Quality
Somewhat GoodValuation
OvervaluedCheck Valuation charts
Price Trend
Strong
Is Veljan Denison Ltd a good quality company?
Veljan Denison Ltd is a average quality company, based on a somewhat consistent 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 Veljan Denison Ltd performance compare with that of its Peers?
Revenue growth of Veljan Denison Ltd vs industry peers?
Veljan Denison Ltd revenue CAGR is 10.81%, compared to the industry median CAGR of 9.97%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Veljan Denison Ltd?
Promoters hold 74.98% of the Veljan Denison Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Veljan Denison Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 17.7% 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.
Veljan Denison Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat 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 % ⓘ | 15.4% | 17.3% | 15.4% | 11.9% | 5.8% | 13.6% | 11.1% | 14.2% | 14.3% | 14.9% | - |
| Value Creation Index ⓘ | 0.1 | 0.2 | 0.1 | -0.2 | -0.6 | 0.0 | -0.2 | 0.0 | 0.0 | 0.1 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 76.9 | 96.2 | 87.5 | 82.8 | 73.6 | 97.9 | 111 | 124 | 142 | 148 | 149 |
| Sales YoY Gr. | - | 25.2% | -9% | -5.4% | -11.1% | 33% | 13.1% | 12.3% | 14% | 4.5% | - |
| Adj EPS ⓘ | 32.3 | 36.2 | 36.3 | 29.9 | 17.2 | 37.5 | 32.4 | 45.4 | 50 | 55.5 | 56.3 |
| YoY Gr. | - | 12.2% | 0.4% | -17.7% | -42.4% | 117.9% | -13.6% | 39.9% | 10.2% | 11.1% | - |
| BVPS (₹) ⓘ | 255 | 285.2 | 315.2 | 333 | 348.2 | 381 | 406.9 | 445.7 | 488.1 | 534.4 | 550.9 |
| Adj Net Profit ⓘ | 14.5 | 16.3 | 16.3 | 13.4 | 7.8 | 16.9 | 14.6 | 20.4 | 22.5 | 25 | 25 |
| Cash Flow from Ops. ⓘ | 17.8 | 17.1 | 29.1 | 17.7 | 26.3 | 12.7 | 15.8 | 11.4 | 16.4 | 28.1 | - |
| Debt/CF from Ops. ⓘ | 1.9 | 1.3 | 0.7 | 0.4 | 0.4 | 0.5 | 0.6 | 0.6 | 0.5 | 0 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 7.6% | 15% | 10.2% | 4.5% | ||||
| Adj EPS ⓘ | 6.2% | 26.4% | 19.7% | 11.1% | ||||
| BVPSⓘ | 8.6% | 8.9% | 9.5% | 9.5% | ||||
| Share Price | 17.5% | 31.4% | 28.9% | 78.6% | ||||
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 % ⓘ | 13.5 | 13.4 | 12.1 | 9.2 | 5.1 | 10.3 | 8.2 | 10.6 | 10.7 | 10.9 | 10.4 |
| Op. Profit Mgn % ⓘ | 30 | 29 | 29.8 | 26.1 | 18.3 | 26.2 | 21.1 | 24.5 | 23.6 | 25.2 | 25.3 |
| Net Profit Mgn % ⓘ | 18.9 | 16.9 | 18.7 | 16.2 | 10.5 | 17.3 | 13.2 | 16.4 | 15.9 | 16.9 | 17.1 |
| Debt to Equity ⓘ | 0.3 | 0.2 | 0.1 | 0 | 0.1 | 0 | 0.1 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 399 | 363 | 422 | 430 | 423 | 316 | 304 | 282 | 275 | 278 | 195 |
| Cash Conv. Cycle ⓘ | 335 | 293 | 299 | 280 | 289 | 217 | 220 | 212 | 212 | 217 | 165 |
Valuation of Veljan Denison - 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'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|
| Sales | 121 | 138 | 156 | 164 |
| Operating Expenses ⓘ + | 95 | 104 | 119 | 124 |
| Operating Profit ⓘ | 26 | 33 | 37 | 40 |
| Operating Profit Margin (%) | 21.3% | 24.2% | 23.7% | 24.2% |
| Other Income ⓘ + | 2 | 3 | 3 | 3 |
| Interest ⓘ | 1 | 1 | 1 | 1 |
| Depreciation ⓘ | 5 | 6 | 6 | 6 |
| Profit Before Tax ⓘ | 22 | 30 | 33 | 36 |
| Tax ⓘ | 6 | 8 | 9 | 10 |
| Profit After Tax | 16 | 22 | 24 | 26 |
| PAT Margin (%) | 13.3% | 16.0% | 15.2% | 15.8% |
| Adjusted EPS (₹) | 35.6 | 49.1 | 53.7 | 56.7 |
| Dividend Payout Ratio (%) | 18.30% | 17.30% | 15.80% | 15% |
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 185 | 205 | 226 | 251 | |||||||
| Debt + | 9 | 7 | 8 | 1 | |||||||
| Minority Interest | 0 | 0 | 0 | 0 | |||||||
| Trade Payables | 12 | 10 | 13 | 10 | |||||||
| Others Liabilities ⓘ | 19 | 17 | 20 | 20 | |||||||
| Total Liabilities ⓘ | 225 | 239 | 268 | 283 | |||||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 70 | 90 | 95 | 96 | |||||||
| CWIP ⓘ | 15 | 3 | 2 | 2 | |||||||
| Investments ⓘ | 0 | 0 | 0 | 0 | |||||||
| Inventories | 56 | 65 | 76 | 74 | |||||||
| Trade Receivables | 31 | 31 | 35 | 37 | |||||||
| Cash Equivalents | 40 | 40 | 48 | 64 | |||||||
| Others Assets ⓘ | 12 | 11 | 12 | 10 | |||||||
| Total Assets ⓘ | 225 | 239 | 268 | 283 | |||||||
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 19 | 15 | 19 | 32 |
| Cash Flow From Investing Activity ⓘ + | -17 | -8 | -9 | -13 |
| Cash Flow From Financing Activity ⓘ + | 0 | -8 | -4 | -12 |
| Net Cash Flow ⓘ | 2 | -0 | 7 | 7 |
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 | Mar'26 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 8.65 | 11.32 | 11.02 | 10.84 | ||||||
| ROCE (%) | 11.51 | 15.06 | 15.11 | 14.93 | ||||||
| Asset Turnover Ratio | 0.54 | 0.59 | 0.61 | 0.6 | ||||||
| PAT to CFO Conversion(x) | 1.19 | 0.68 | 0.79 | 1.23 | ||||||
| Working Capital Days | ||||||||||
| Receivable Days | 93.50 | 81.80 | 77 | 79.50 | ||||||
| Inventory Days | 169.50 | 160.30 | 165.40 | 167.50 | ||||||
| Payable Days | 95.80 | 84.10 | 77.90 | 71 | ||||||
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Veljan Denison Ltd FAQs
The current trading price of Veljan Denison on 25-Sep-2026 16:59 is ₹2,048.9.
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 24-Sep-2026 the market cap of Veljan Denison stood at ₹922.0 Cr
The latest P/E ratio of Veljan Denison as of 24-Sep-2026 is 36.42.
The latest P/B ratio of Veljan Denison as of 24-Sep-2026 is 3.72.
The 52-week high of Veljan Denison is ₹2,090 and the 52-week low is ₹752.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Veljan Denison is ₹149 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Veljan Denison Ltd is a average quality company.
The key valuation ratios of Veljan Denison 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 Veljan Denison Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
About Veljan Denison Ltd
Denison Hydraulics India, incorporated in 1973, is an industrial manufacturer and services hydraulic fluid power systems and components. Earlier known as Hagglunds Denisons, it got its present name with effect from May 01, 2001.
The company produces hydraulic pumps and motors including vane pumps and motors, piston pumps and motors, and radial piston motors; electronic components, HydraCOOL system, and OASIS system; valves and manifolds. The products find applications in mobile equipment and machinery used in the construction, demolition, mining, utilities, agricultural, industrial manufacturing industries and marine equipment used in commercial and military sea vessels. Located in the Medak district of Andhra Pradesh, the manufacturing plant has an installed capacity of 60,000 hydraulic pumps, valves, and accumulator cylinders. During the year ended December 31, 2008, the company produced hydraulic pumps, valves, motors and oil hydraulic equipment and others.
The registered office of the company is located at Plot No. 44, 4th Floor, HCL Towers, Chikoti Gardens, Hyderabad-500016, Andhra Pradesh.
Business areas of the company:
The company produces hydraulic pumps and motors including vane pumps and motors, piston pumps and motors, and radial piston motors; electronic components, HydraCOOL system, and OASIS system; valves and manifolds.
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