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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

₹5,933.15 -30.70 (-0.51%)

As on 11-Jun'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

₹5,933.15 -30.70 (-0.51%)

As on 11-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹4,265 Cr.
Current Price
₹5,933.2
52-Week Low / High
₹3,990 / 6,090
TTM EPS
₹136.4
TTM Sales
₹1,110 Cr.
Book Value per Share
₹700.8
P/E Ratio
43.51
Higher than its 5-year historical median
Industry PE
55.7
Price to Book (P/B)
8.47
Higher than its 5-year historical median
Price to Sales (P/S)
3.84
Higher than its 5-year historical median
EV/EBITDA
25.41
Higher than its 5-year historical median
Dividend Yield
0.46%
Profitability Efficiency
Return on Equity (ROE)
31.33%
Outperforms industry median
Return on Capital Employed (ROCE)
35.19%
Outperforms industry median
Return on Assets (ROA)
16.24%
Operating Profit Margin
16.8%
Net Profit Margin
11.26%
Gross Profit Margin
17.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
10.82%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
11.39%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
18.82%
Asset Quality
Promoter Holding
64.72%
Pledged shares (%) of Promoter's holding (%)
7.57%
Reserves
₹497 Cr.
Equity
₹7.2 Cr.
Face Value
₹10
All Time Low / High
₹2.30 / 7398.95

Vadilal Industries stock performance

Key Ratios
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Check Before You Invest

Valuation

Overvalued

Price Trend

Strong
Q.1 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?
Q.1 Revenue growth of Vadilal Industries Ltd vs industry peers?
Vadilal Industries Ltd revenue CAGR is 14.38%, compared to the industry median CAGR of 7.03%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Vadilal Industries Ltd?
Promoters hold 64.72% of the Vadilal Industries Ltd, with 7.57% of their stake pledged, indicating low pledge risk.
Q.1 Stock return of Vadilal Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 20% 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.
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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 23%21.8%16.9%24.4%16.5%-3.8%10.9%30.1%34.3%35.2%-
Value Creation
Index
0.60.60.20.70.2-1.3-0.21.21.51.5-

Growth Parameters

Sales 4444735155075173575448979131,0111,110
Sales YoY Gr.-6.4%8.9%-1.6%1.9%-31%52.6%64.8%1.8%10.8%-
Adj EPS 19.424.719.24143.1-33.514.599132.7155.7136.4
YoY Gr.-27.2%-22.3%113.9%5%-177.9%NA581.6%34%17.3%-
BVPS (₹) 94.6117.2136.1178220.7187.2200.6297.6427.5583.8700.8
Adj Net
Profit
1417.713.829.530.9-24.110.471.295.411298
Cash Flow from Ops. 63.743.21838.947.662.2-4.933.113877.7-
Debt/CF from Ops. 1.92.87.93.83.62.3-34.760.81-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 9.6%14.4%23%10.8%
Adj EPS 26%29.3%120.5%17.3%
BVPS22.4%21.5%42.8%36.6%
Share Price 24.5% 41% 33.4% 10.2%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
11.512.38.315.714.2-10.94.92828.425.521.2
Op. Profit
Mgn %
1311.98.913.211.6-1.57.813.116.816.812.9
Net Profit
Mgn %
3.13.82.75.86-6.81.97.910.511.18.8
Debt to
Equity
1.81.41.51.21.11.11.20.90.40.20.1
Working Cap
Days
11010911112613819712610011312165
Cash Conv.
Cycle
5036314757734654636542

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales4444735155075173575448979131,011
Operating Expenses + 387419469440457362502780760842
Manufacturing Costs113677581836882110116130
Material Costs194262308285297223328527525567
Employee Cost 22263239443441596474
Other Costs 57635436343751845671
Operating Profit 5854466760-642117152169
Operating Profit Margin (%) 13.0%11.5%8.9%13.1%11.5%-1.6%7.8%13.1%16.7%16.8%
Other Income + 137138129121417
Exceptional Items 0000000000
Interest 2116151415201813148
Depreciation 13151617191819202326
Profit Before Tax 2427224934-321496129153
Tax 10107172-84253339
Profit After Tax 1417153132-24107296114
PAT Margin (%) 3.2%3.5%2.9%6.2%6.2%-6.8%1.9%8.0%10.5%11.3%
Adjusted EPS (₹)20.023.120.743.844.7-33.514.4100.0133.3158.4
Dividend Payout Ratio (%)6.30%5.40%6.10%2.90%0%0%8.70%1.50%1.10%13.30%

Valuation of Vadilal Industries - 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!

Balance Sheet

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

Equity and Liabilities

Shareholders Fund + 128159173203234210219289383495
Share Capital 7777777777
Reserves 121152166196227203212282375488
Debt +100991241231531251481698565
Long Term Debt46347157485576543343
Short Term Debt5465536610570721155223
Minority Interest0000000000
Trade Payables7083766581102727879120
Others Liabilities 68706274726570919977
Total Liabilities 366411435466540501510627645757

Fixed Assets

Net Fixed Assets +223250254262301300293301337343
Gross Block351364383406463478488513561587
Accumulated Depreciation127114129143162178194212224244
CWIP 1571395319118
Investments 2233333888
Inventories9312097118146126143223190235
Trade Receivables231445333321343858112
Cash Equivalents 43331619911106
Others Assets 21172632332724283145
Total Assets 366411435466540501510627645757

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 644318394862-53313878
PBT 2427224934-321496129153
Adjustment 34302727303335323429
Changes in Working Capital 9-7-26-22-660-53-787-66
Tax Paid -4-7-5-15-100-1-17-32-38
Cash Flow From Investing Activity + -11-23-24-29-50-10-10-42-41-29
Capex -12-24-23-30-51-14-11-38-43-33
Net Investments 0000000-413
Others 11-21141011
Cash Flow From Financing Activity + -53-206-109-50912-102-47
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -20-1334-8-14526-16-22-5
Interest Paid -22-16-15-14-14-19-19-13-15-9
Dividend Paid -1-1-1-1-100-1-1-1
Others -1010-121338-36241-64-32
Net Cash Flow -10-0-062-63-51

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)23.4621.8516.3127.8922.44-16.447.4240.1736.7731.33
ROCE (%)22.9921.7616.9324.3716.46-3.8410.8530.1434.3335.19
Asset Turnover Ratio1.241.251.241.131.040.691.081.581.441.44
PAT to CFO Conversion(x)4.572.531.21.261.5N/A-0.50.461.440.68
Working Capital Days
Receivable Days16.2014.1020.7028.2023.3027.7018.5014.601930.70
Inventory Days75.7080.1075.2077.2092.40138.5090.3074.4082.4076.70
Payable Days80.8089.6094.2090.8090.2015097.1052.1054.5064.10

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.040.047.577.577.577.577.577.577.57
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Vadilal Industries Ltd FAQs

The current trading price of Vadilal Industries on 11-Jun-2026 16:59 is ₹5,933.2.

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 10-Jun-2026 the market cap of Vadilal Industries stood at ₹4,264.7 Cr

The latest P/E ratio of Vadilal Industries as of 10-Jun-2026 is 43.51.

The latest P/B ratio of Vadilal Industries as of 10-Jun-2026 is 8.47.

The 52-week high of Vadilal Industries is ₹6,090 and the 52-week low is ₹3,990.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Vadilal Industries is ₹1,110 ( 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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