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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

₹1,808.60 58.60 (3.35%)

As on 13-Aug'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

₹1,808.60 58.60 (3.35%)

As on 13-Aug'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹814 Cr.
Current Price
₹1,808.6
52-Week Low / High
₹752 / 1,964
TTM EPS
₹56.3
TTM Sales
₹149 Cr.
Book Value per Share
₹550.9
P/E Ratio
32.15
Higher than its 5-year historical median
Industry PE
47.8
Price to Book (P/B)
3.28
Higher than its 5-year historical median
Price to Sales (P/S)
5.48
Higher than its 5-year historical median
EV/EBITDA
18.45
Higher than its 5-year historical median
Dividend Yield
0.47%
Profitability Efficiency
Return on Equity (ROE)
10.85%
Underperforms industry median
Return on Capital Employed (ROCE)
14.88%
Underperforms industry median
Return on Assets (ROA)
9.52%
Operating Profit Margin
25.2%
Net Profit Margin
16.87%
Gross Profit Margin
27%
Growth Momentum
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
11.42%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
11.03%
Asset Quality
Promoter Holding
74.98%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹243 Cr.
Equity
₹4.5 Cr.
Face Value
₹10
All Time Low / High
₹10.86 / 2100.00

Veljan Denison stock performance

Key Ratios
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Check Before You Invest

Valuation

Overvalued

Price Trend

Strong
Q.1 Is Veljan Denison Ltd a good quality company?
Veljan Denison 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 Veljan Denison Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Veljan Denison Ltd vs industry peers?
Veljan Denison Ltd revenue CAGR is 15.00%, compared to the industry median CAGR of 16.36%, indicating slower growth and losing its market share.
Q.1 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.
Q.1 Stock return of Veljan Denison Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 15.9% 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.
Veljan Denison 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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 15.4%17.3%15.4%11.9%5.8%13.6%11.1%14.2%14.3%14.9%-
Value Creation
Index
0.10.20.1-0.2-0.60.0-0.20.00.00.1-

Growth Parameters

Sales 76.996.287.582.873.697.9111124142148149
Sales YoY Gr.-25.2%-9%-5.4%-11.1%33%13.1%12.3%14%4.5%-
Adj EPS 32.336.236.329.917.237.532.445.45055.556.3
YoY Gr.-12.2%0.4%-17.7%-42.4%117.9%-13.6%39.9%10.2%11.1%-
BVPS (₹) 255285.2315.2333348.2381406.9445.7488.1534.4550.9
Adj Net
Profit
14.516.316.313.47.816.914.620.422.52525
Cash Flow from Ops. 17.817.129.117.726.312.715.811.416.428.1-
Debt/CF from Ops. 1.91.30.70.40.40.50.60.60.50-

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%
BVPS8.6%8.9%9.5%9.5%
Share Price 16.3% 24.2% 32.5% 43.9%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
13.513.412.19.25.110.38.210.610.710.910.4
Op. Profit
Mgn %
302929.826.118.326.221.124.523.625.225.3
Net Profit
Mgn %
18.916.918.716.210.517.313.216.415.916.917.1
Debt to
Equity
0.30.20.100.100.1000-
Working Cap
Days
399363422430423316304282275278195
Cash Conv.
Cycle
335293299280289217220212212217165

Valuation of Veljan Denison - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales779688837498111124142148
Operating Expenses + 5468616160728794108111
Manufacturing Costs17212324202531323735
Material Costs25352726283441445257
Employee Cost 87777810121314
Other Costs 4554665565
Operating Profit 23282622132623303337
Operating Profit Margin (%) 30.0%28.9%29.8%26.1%18.3%26.2%21.1%24.4%23.6%25.2%
Other Income + 1111222333
Exceptional Items 0000-100000
Interest 2111001100
Depreciation 3334555555
Profit Before Tax 1925231892320273135
Tax 59652657810
Profit After Tax 1516161371715202225
PAT Margin (%) 18.9%16.9%18.7%16.2%9.3%17.3%13.2%16.4%15.9%16.9%
Adjusted EPS (₹)32.336.236.329.915.237.532.445.349.955.5
Dividend Payout Ratio (%)15.50%13.80%13.80%16.80%32.80%17.30%20.10%18.80%17%15.30%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 115128142150157171183201220240
Share Capital 2222222255
Reserves 113126140148155169181198215236
Debt +33211861079781
Long Term Debt3200000000
Short Term Debt30191861079781
Minority Interest0000000000
Trade Payables2210101011109129
Others Liabilities 11141412121316151717
Total Liabilities 161165184178188202219231257268

Fixed Assets

Net Fixed Assets +24264356625859788282
Gross Block596483100111112117140148154
Accumulated Depreciation34374044495358626672
CWIP 33673715322
Investments 00000014141414
Inventories20172638384553607068
Trade Receivables59655237293328293334
Cash Equivalents 40353323454538384459
Others Assets 1417251911131211119
Total Assets 161165184178188202219231257268
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 18172918261316111628
PBT 19252318102320273135
Adjustment 4344334433
Changes in Working Capital 2-312213-7-3-14-10-1
Tax Paid -8-8-9-61-7-5-6-8-9
Cash Flow From Investing Activity + -1-6-25-10-6-15-16-6-7-12
Capex -1-7-26-11-8-9-12-9-9-5
Net Investments 0000000000
Others 01112-7-432-7
Cash Flow From Financing Activity + 6-15-7-183-50-5-4-11
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -2-1-1-1-000000
Interest Paid -2-1-1-1-0-0-1-1-0-0
Dividend Paid 0-2-2-5-0-2-1-1-4-4
Others 10-11-1-124-33-21-7
Net Cash Flow 23-4-2-1123-8-0065
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)13.513.3912.099.214.4710.298.2310.6210.710.85
ROCE (%)15.4117.3415.4211.925.8213.611.0814.1614.3314.88
Asset Turnover Ratio0.570.60.50.460.40.50.530.550.580.56
PAT to CFO Conversion(x)1.21.061.811.383.710.761.070.550.731.12
Working Capital Days
Receivable Days272.90233.20243.30194.80161.70114.80100.8083.207981.90
Inventory Days76.107191140.50186.80154.90161.50165.10167.70170.20
Payable Days31.402181.60144.40128.60110.9092.5077.9074.1068.60

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Veljan Denison Ltd FAQs

The current trading price of Veljan Denison on 13-Aug-2026 16:59 is ₹1,808.6.

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 12-Aug-2026 the market cap of Veljan Denison stood at ₹813.9 Cr

The latest P/E ratio of Veljan Denison as of 12-Aug-2026 is 32.15.

The latest P/B ratio of Veljan Denison as of 12-Aug-2026 is 3.28.

The 52-week high of Veljan Denison is ₹1,963.5 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 good 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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