MarketFriction

Veedol Corporation Ltd

NSE VEEDOL · BSE 590005 · Lubricants
₹1,356.60 -1.22%
NSE close2026-10-01
52 week range1,238.20 - 1,963.80
Market cap₹2,360 Cr.
P/E10.7
Price band 20% Delivery 59.4%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales474496487479476482532514509538607609
Expenses433455439437430444464455456486544510
Operating Profit424248414638685953526398
OPM %9%8%10%9%10%8%13%11%10%10%10%16%
Other Income88121497101311131212
Interest010111111010
Depreciation4445878889108
Profit before tax4545555046376964555664102
Tax %22%25%23%26%25%-1%13%22%26%22%10%23%
Net Profit353443373537605041445778
EPS in Rs20.2119.2724.6321.3019.8621.4334.2628.5123.5024.9932.9844.72
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales9741,1301,2751,3771,3171,2581,5361,8541,9331,9722,1692,263
Expenses8609941,1361,2461,1781,0941,3881,7121,7601,7761,9411,997
Operating Profit113136139131138164147142173196227266
OPM %12%12%11%9%10%13%10%8%9%10%10%12%
Other Income243532323838302231384848
Interest133222212422
Depreciation799101214151515293434
Profit before tax129159159149161185160147187202238276
Tax %39%32%33%35%24%24%23%22%24%16%20%
Net Profit8610810797122141123115143169192220
EPS in Rs49.3961.8761.0555.4169.7580.7670.5465.7682.0396.85109.97126.19
Dividend Payout %50%47%56%82%70%72%76%62%62%54%103%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth8%12%5%13%
Compounded Profit Growth8%6%18%17%
Stock Price CAGR2%-5%4%-23%
Return on Equity18%18%19%19%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.8522222233333
Reserves4995856116496386797357167618249111,032
Borrowings2128294239381814512216
Other Liabilities217231255256249248286302330320320353
Total Liabilities7388468979499289671,0401,0361,0991,1491,2561,405
Fixed Assets194148231242249263277270272294340351
CWIP02032124321078
Investments06865706976747070737882
Other Assets544628600634608616686692756771830963
Total Assets7388468979499289671,0401,0361,0991,1491,2561,405
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity80127359479133699310315630194
Cash from Investing Activity45-724-86-1-4939376-927353
Cash from Financing Activity-20-36-56-58-110-80-102-142-81-86-99-122
Net Cash Flow105832-49-3146-1128-214125
Free Cash Flow143112147765101518589109-12160
CFO/OP142%158%71%108%103%124%62%86%94%114%38%109%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days636265545242475047425458
Inventory Days841051159385102150109908410493
Days Payable6089969080871077964475159
Cash Conversion Cycle8778845756569080737910792
Working Capital Days624165545348716659869271
ROCE %18%23%26%24%22%23%26%22%20%24%24%24%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters57.28%62.27%62.27%64.15%64.29%64.29%64.29%62.35%64.58%64.58%64.58%64.58%
FIIs0.97%1.38%1.51%1.98%1.71%1.46%1.26%1.14%1.37%1.17%1.06%1.02%
DIIs2.12%1.27%1.22%1.23%1.24%1.28%1.17%1.17%1.17%1.17%1.17%1.17%
Public37.18%32.61%32.53%30.17%30.30%30.51%30.82%32.86%30.41%30.61%30.72%30.76%
Others2.46%2.46%2.46%2.46%2.46%2.46%2.46%2.46%2.46%2.46%2.46%2.46%
No. of Shareholders64,94768,09765,84362,48860,07059,36558,51459,92056,83156,21155,52654,979

Fundamentals

Market Cap₹ 2,360 Cr.
Current Price₹ 1,356
Stock P/E10.7
Book Value₹ 594
ROCE24.1 %
ROE19.5 %
Dividend Yield4.28 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)13%
Compounded Profit Growth (TTM)17%
Consolidated figures.
Valuation
Market capRs 2,364 Cr
Enterprise valueRs 2,175 Cr
P/E (TTM)10.75x
Price to book2.28x
Price to sales1.04x
EV / EBITDA6.95x
EV / EBIT7.80x
EV / sales0.96x
Price to cash flow12.20x
Earnings yield9.30%
Dividend yield8.34%
P/E, 3-year average14.15x
P/B, 3-year average2.55x
P/E, 5-year average14.17x
P/B, 5-year average2.44x
Profitability
Operating margin (excl. other income)10.48%
Operating margin (incl. other income)12.68%
EBITDA margin13.84%
Pre-tax margin12.22%
Net profit margin9.72%
Net margin, latest quarter12.80%
ROE19.66%
ROCE24.23%
ROA14.41%
ROE, 3-year average19.00%
ROCE, 3-year average23.71%
ROA, 3-year average13.72%
ROE, 5-year average17.86%
ROCE, 5-year average22.53%
ROA, 5-year average12.75%
ROIC (approx.)26.45%
Tax rate19.63%
Other income / net worth4.61%
Growth
Sales growth (latest year)9.96%
Profit growth (latest year)13.55%
Sales CAGR, 3 years5.37%
Sales CAGR, 5 years11.50%
Profit CAGR, 3 years18.70%
Profit CAGR, 5 years6.28%
Sales growth QoQ0.26%
Profit growth QoQ35.61%
Sales growth YoY (latest quarter)18.49%
Profit growth YoY (latest quarter)56.88%
Per share
EPS (TTM)Rs 126.19
EPS (latest year)Rs 109.97
EPS (latest quarter)Rs 44.72
EPS, 3-year averageRs 96.28
EPS, 5-year averageRs 85.03
Book value per shareRs 594.36
Sales per shareRs 1,298.67
Cash flow per shareRs 111.22
Free cash flow per shareRs 91.83
Dividend per share (latest year)Rs 113.18
Dividend per share, 3-year averageRs 72.20
Dividend per share, 5-year averageRs 62.25
Dividends
Dividend payout102.91%
Dividend payout, 3-year average73.05%
Dividend payout, 5-year average71.51%
Efficiency
Asset turnover1.54x
Fixed asset turnover6.17x
Inventory turnover4.02x
Inventory days91 days
Debtor days58 days
Debtors turnover6.28x
Creditor days59 days
Cash conversion cycle92 days
Working capital days71 days
Leverage
Total debtRs 16 Cr
Cash and bankRs 205 Cr
Net debtRs -189 Cr
Debt to equity0.02x
Net debt / EBITDA-0.60x
Interest coverage125.55x
Current ratio (filing 2026-03-31)3.02x
Quick ratio (filing 2026-03-31)1.98x
Trade payables (filing 2026-03-31)Rs 206 Cr
Owners' fund to total sources73.72%
Debt to assets1.13%
Cash flow
Cash from Operating Activity (latest year)Rs 194 Cr
Cash from Investing Activity (latest year)Rs 53 Cr
Cash from Financing Activity (latest year)Rs -122 Cr
Net Cash Flow (latest year)Rs 125 Cr
Free cash flow (latest year)Rs 160 Cr
FCFE (approx.: FCF + change in debt)Rs 154 Cr
Cash from ops / profit, 5 years0.78x
Sales to cash flow11.19x
Statement figures
Net sales (TTM)Rs 2,263 Cr
Net sales (latest year)Rs 2,169 Cr
Sales (latest quarter)Rs 609 Cr
Operating profit excl. other income (latest year)Rs 227 Cr
Operating profit (latest quarter)Rs 98 Cr
Other income (TTM)Rs 48 Cr
EBITDA (TTM)Rs 313 Cr
PBDT (TTM)Rs 311 Cr
Profit before tax (TTM)Rs 276 Cr
Tax (latest year)Rs 47 Cr
Net profit (TTM)Rs 220 Cr
Net profit (latest year)Rs 192 Cr
Net profit (latest quarter)Rs 78 Cr
Depreciation (TTM)Rs 34 Cr
Depreciation (latest quarter)Rs 8 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 1,304 Cr
Total expenditure (latest year)Rs 1,941 Cr
Total income (latest year)Rs 2,216 Cr
Share capitalRs 3 Cr
ReservesRs 1,032 Cr
Shareholders' fundsRs 1,036 Cr
Total assetsRs 1,405 Cr
Net blockRs 351 Cr
Capital work in progressRs 8 Cr
InvestmentsRs 82 Cr
ReceivablesRs 345 Cr
InventoryRs 325 Cr
Other liabilitiesRs 353 Cr
Shares outstanding (crore)1.74
Ownership
Promoter holding64.58% (+2.23 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 10.8 is the lowest in its own 9.4-year history (median 16.8, low 10.8, high 38.4).
P/B 2.28 is at the 14th percentile (median 2.76).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodVEEDOLNifty 50Difference
1 week-0.6%-2.8% +2.2 pts
1 month-8.9%-6.8% -2.1 pts
3 months-7.0%-7.6% +0.6 pts
6 months+8.9%+0.4% +8.5 pts
1 year-26.9%-9.9% -17.0 pts
2 years-42.2%-13.6% -28.6 pts
3 years+11.5%+14.2% -2.7 pts
5 years-24.0%+27.9% -51.9 pts

Red flags

F-score 7 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹609 Cr +18.5% vs Jun 2025. Net profit ₹78 Cr +56.0%.

Activity

Compare
CompanyMcap (Cr)P/EROCE
Castrol India Ltd19,76618.360.3 %
Gulf Oil Lubricants India Ltd5,48213.827.2 %
Savita Oil Technologies Ltd4,92111.514.0 %
Panama Petrochem Ltd2,9066.0719.2 %
Gandhar Oil Refinery (India) Ltd2,6768.8813.3 %
GP Petroleums Ltd3147.2210.8 %
Arabian Petroleum Ltd968.5118.5 %
Greenhitech Ventures Ltd4762.42.48 %
Sundrex Oil Company Ltd387.1021.2 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-07-17Dividend - Rs 22 Per Share
2026-02-06Interim Dividend - Rs 14 Per Share
2025-11-14Interim Dividend - Rs 22 Per Share
2025-07-07Dividend - Rs 22 Per Share
2025-02-13Interim Dividend - Rs 12 Per Share
2024-11-22Interim Dividend - Rs 20 Per Share
2024-07-04Dividend - Rs 20 Per Share
2024-02-22Interim Dividend - Rs 12 Per Share
2023-11-21Interim Dividend - Rs 20 Per Share
2023-07-04Dividend - Rs 15 Per Share
2023-02-22Interim Dividend - Rs 10 Per Share
2022-11-21Interim Dividend - Rs 12 Per Share
2022-08-22Interim Dividend - Rs 5 Per Share
2022-07-01Dividend - Rs 15 Per Share
2022-02-21Interim Dividend - Rs 20 Per Share
2021-11-22 Interim Dividend - Rs 20 Per Share
2021-07-26 Face Value Split (Sub-Division) - From Rs 5/- Per Share To Re 2/- Per Share0.4000
2021-07-26 Bonus 1:10.5000
2021-07-19 Dividend - Rs 200 Per Share
2020-11-23 Interim Dividend - Rs 100 Per Share
2020-08-20 Dividend - Rs 140 Per Share
2020-02-24 Interim Dividend - Rs 60 Per Share
2019-11-21 Interim Dividend - Rs 50 Per Share
2019-08-22 Dividend - Rs 75 Per Share
2019-03-22 Interim Dividend - Rs 85 Per Share
2018-11-19 Interim Dividend - Rs 75 Per Sh
2018-08-06 Dividend- Rs 100 Per Share
2017-11-20 Interim Dividend - Rs 75/- Per Share (Purpose Revised)
2017-07-18 Annual General Meeting/Dividend - Rs 100/- Per Share
2016-12-06 Interim Dividend Rs 50/- Per Share
2016-09-20 Annual General Meeting/Dividend Rs 87.50 Per Share
2016-03-16 Bonus 1:1/Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 5/- Per Share 0.2500
2015-11-10 Interim Dividend - Rs 150 Per Share
2015-07-14Annual General Meeting/Dividend - Rs 250/- Per Share
2014-11-20Special Interim Dividend - Rs 100/- Per Share
2014-08-21Annual General Meeting / Dividend - Rs 200/- Per Share (Bc Dates-Revised)
2013-08-08Annual General Meeting/ Dividend Rs 150/- Per Share
2012-08-08Annual General Meeting/Dividend Rs 120 Per Share
2011-07-12Annual General Meeting And Dividend Rs.60/- Per Share
2010-08-26Annual General Meeting And Dividend Rs.50/- Per Share
2009-09-04Agm/Div-Rs.30/- Per Share
2008-09-01Agm/Final Dividend - 200%
2007-08-16Agm/Final Dividend-50%
2007-04-19Interim Dividend-100%
DateTypeWhat it says
2026-09-28Board meeting outcomeThe Outcome of Board Meeting held on 28th September, 2026.
2026-09-22General UpdatesThe newspaper advertisements published in respect of declaration of voting results on the resolutions as specified in the Postal Ballot Notice dated 1...
2026-09-21Shareholder meetingVeedol Corporation Limited has submitted the Exchange the result of Remote E-Voting along with Scrutinizer s Report on the resolution contained in the...
2026-09-21General UpdatesDisclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Transcript of the 103rd Annua...
2026-09-14General UpdatesDisclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ESG Rating
2026-08-25Shareholder meetingVeedol Corporation Limited has submitted the Exchange the E-Voting Results of the 103rd Annual General Meeting of the Company, along with Scrutinizers...
2026-08-24Shareholder meetingProceedings of 103rd Annual General Meeting held on August 24, 2026, through VC / OAVM.
2026-08-19Shareholder meetingPostal Ballot Notice dated 15th August, 2026.
2026-08-18Disclosure under SEBI TakeovStandard Greases & Specialities Pvt Ltd has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect...
2026-08-15General UpdatesCirculation of Postal Ballot Notice in relation to obtaining approval of shareholders for Material Related Party Transactions with Standard Grease and...
2026-08-13ResignationResignation of Director/KMP/SMP
2026-08-12ResignationResignation of Director/KMP/SMP
2026-08-12ResignationResignation of Director/KMP/SMP
2026-08-12ResignationResignation of Mr. Tapas Saha, Head - IT (SMP) of the company with effect from close of business on Tuesday, 6th October, 2026.
2026-08-10Board meeting outcomeVeedol Corporation Limited has submitted to the Exchange the Unaudited Standalone and Consolidated Financial Results for the quarter ended 30th June, ...
2026-08-10Disclosure under SEBI TakeovStandard Greases and Specialities Private Limited has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exc...
2026-07-31Shareholder meetingNotice of Annual General Meeting to be held on August 24, 2026
2026-07-17General UpdatesDisclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended - TDS communication to sharehol...
2026-07-16General UpdatesDisclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended - TDS communication to sharehol...
2026-06-23Disclosure under SEBI TakeovAndrew Yule & Co. Ltd. has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substa...
2026-05-20AppointmentAppointment of Mr. Rajendra Nath Ghosal as Managing Director of the company w.e.f. June 01, 2026.
2026-05-20Record DateRecord date for the purpose of Dividend is 17-Jul-2026.
2026-05-20Board meeting outcomeVeedol Corporation Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-09General UpdatesDisclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Receipt of Insurance Clai...
2026-05-05ResignationResignation of Director/KMP/SMP
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Veedol Corporation Ltd?

Veedol Corporation Ltd (VEEDOL) has a market capitalisation of Rs 2,360 Cr. at the 2026-10-01 close.

What is the P/E ratio of Veedol Corporation Ltd?

Veedol Corporation Ltd trades at a P/E of 10.7 on trailing twelve-month profit, at the 2026-10-01 close.

What were Veedol Corporation Ltd's latest quarterly results?

In the Jun 2026 quarter, Veedol Corporation Ltd sales was Rs 609 Cr (+18.5% vs Jun 2025) and net profit was Rs 78 Cr.

What is the 52-week high and low of Veedol Corporation Ltd?

The 52-week high is Rs 1,963.80 and the 52-week low is Rs 1,238.20.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03