MarketFriction

Vesuvius India Ltd

NSE VESUVIUS · BSE 520113 · Electrodes & Refractories
₹404.10 -4.74%
NSE close2026-10-01
52 week range383.00 - 607.90
Market cap₹8,122 Cr.
P/E31.7
Microcap 250 Price band 20% Delivery 28.0%

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

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales413417453462444509482524547551500536
Expenses331337358371365427399433455457416450
Operating Profit828095927982839192948487
OPM %20%19%21%20%18%16%17%17%17%17%17%16%
Other Income87810237108734910
Interest000000000000
Depreciation91110111213131517171718
Profit before tax8176929090768085831097579
Tax %25%25%25%26%24%22%26%26%26%27%26%26%
Net Profit605769676860596362805659
EPS in Rs2.972.813.393.323.372.952.923.103.033.952.752.88
Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025TTM
Sales7008229119258877921,0471,3431,6031,8692,1042,134
Expenses5746707457777667149471,1781,3141,5181,7431,778
Operating Profit12615216714812177100165289350361356
OPM %18%18%18%16%14%10%10%12%18%19%17%17%
Other Income10139232921202335485960
Interest111111112421
Depreciation232730282726273036466269
Profit before tax1121361451421237292157285349356346
Tax %35%35%35%35%31%26%26%26%25%24%26%
Net Profit74899493865368117213265264256
EPS in Rs3.634.384.654.564.212.613.355.7510.4913.0313.0112.61
Dividend Payout %17%15%15%15%21%27%24%14%12%11%12%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth12%22%16%9%
Compounded Profit Growth12%34%26%2%
Stock Price CAGR15%27%9%-22%
Return on Equity14%15%17%15%
Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025Jun 2026
Equity Capital202020202020202020202020
Reserves4775626417177848228769771,1731,4111,6441,728
Borrowings0000000013131414
Other Liabilities147161193188177216292333382402472452
Total Liabilities6447438549259811,0581,1881,3311,5891,8472,1502,215
Fixed Assets131124113121124120116194316434622628
CWIP1416382628212738861965247
Investments000000000000
Other Assets4996037037798299171,0451,0981,1871,2171,4761,540
Total Assets6447438549259811,0581,1881,3311,5891,8472,1502,215
Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Cash from Operating Activity65545019195741022712882258177
Cash from Investing Activity-28-21212-310297-503-39-6-37-233-18
Cash from Financing Activity-14-15-15-16-17-17-14-14-16-18-27-30
Net Cash Flow231856177-231354-415-2610628-1130
Free Cash Flow432329151704387-516-11716102
CFO/OP98%75%68%149%99%93%158%54%108%52%93%78%
Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Debtor Days105118119887277755757747584
Inventory Days69687769847791124921058792
Days Payable8797981119889122130112118104114
Cash Conversion Cycle879098465865445238605862
Working Capital Days8291102595863515541656269
ROCE %22%24%25%24%20%16%9%11%17%26%25%21%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters55.57%55.57%55.57%55.57%55.57%55.57%55.57%55.57%55.57%55.57%55.57%55.57%
FIIs1.26%1.73%1.57%2.34%2.34%4.06%4.14%4.31%4.42%4.44%4.56%4.56%
DIIs23.28%23.26%23.06%20.92%20.92%20.66%20.95%20.83%21.29%21.91%22.03%22.03%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.01%0.01%0.01%0.01%0.01%
Public19.90%19.43%19.81%21.17%21.17%19.71%19.34%19.29%18.72%18.06%17.83%17.82%
No. of Shareholders20,53121,47422,51725,28925,28928,95628,70134,16336,28134,31933,52533,741

Fundamentals

Market Cap₹ 8,122 Cr.
Current Price₹ 400
Stock P/E31.7
Book Value₹ 86.2
ROCE21.3 %
ROE15.0 %
Dividend Yield0.37 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)9%
Compounded Profit Growth (TTM)2%
Standalone figures.
Valuation
Market capRs 8,202 Cr
Enterprise valueRs 7,633 Cr
P/E (TTM)32.02x
Price to book4.93x
Price to sales3.84x
EV / EBITDA18.34x
EV / EBIT21.99x
EV / sales3.58x
Price to cash flow46.22x
Earnings yield3.12%
Dividend yield0.37%
P/E, 3-year average14.62x
P/B, 3-year average2.37x
P/E, 5-year average9.98x
P/B, 5-year average1.54x
Profitability
Operating margin (excl. other income)17.15%
Operating margin (incl. other income)19.95%
EBITDA margin19.50%
Pre-tax margin16.21%
Net profit margin12.00%
Net margin, latest quarter10.91%
ROE17.07%
ROCE22.95%
ROA13.22%
ROE, 3-year average18.89%
ROCE, 3-year average25.22%
ROA, 3-year average14.40%
ROE, 5-year average15.36%
ROCE, 5-year average20.59%
ROA, 5-year average11.71%
ROIC (approx.)23.47%
Tax rate25.90%
Other income / net worth3.54%
Growth
Sales growth (latest year)12.62%
Profit growth (latest year)-0.17%
Sales CAGR, 3 years16.16%
Sales CAGR, 5 years21.60%
Profit CAGR, 3 years31.25%
Profit CAGR, 5 years37.85%
Sales growth QoQ7.27%
Profit growth QoQ4.76%
Sales growth YoY (latest quarter)2.26%
Profit growth YoY (latest quarter)-7.13%
Per share
EPS (TTM)Rs 12.62
EPS (latest year)Rs 13.01
EPS (latest quarter)Rs 2.88
EPS, 3-year averageRs 82.75
EPS, 5-year averageRs 67.87
Book value per shareRs 81.98
Sales per shareRs 105.14
Cash flow per shareRs 8.74
Free cash flow per shareRs 5.03
Dividend per share (latest year)Rs 1.50
Dividend per share, 3-year averageRs 9.59
Dividend per share, 5-year averageRs 9.00
Dividends
Dividend payout11.53%
Dividend payout, 3-year average11.60%
Dividend payout, 5-year average14.60%
Efficiency
Asset turnover0.98x
Fixed asset turnover3.38x
Inventory turnover4.73x
Inventory days77 days
Debtor days84 days
Debtors turnover4.35x
Creditor days114 days
Cash conversion cycle62 days
Working capital days69 days
Leverage
Total debtRs 14 Cr
Cash and bankRs 582 Cr
Net debtRs -568 Cr
Debt to equity0.01x
Net debt / EBITDA-1.37x
Interest coverage282.17x
Current ratio (filing 2026-06-30)3.52x
Quick ratio (filing 2026-06-30)2.76x
Trade payables (filing 2026-06-30)Rs 362 Cr
Owners' fund to total sources77.40%
Debt to assets0.64%
Cash flow
Cash from Operating Activity (latest year)Rs 177 Cr
Cash from Investing Activity (latest year)Rs -18 Cr
Cash from Financing Activity (latest year)Rs -30 Cr
Net Cash Flow (latest year)Rs 130 Cr
Free cash flow (latest year)Rs 102 Cr
FCFE (approx.: FCF + change in debt)Rs 102 Cr
Cash from ops / profit, 5 years0.72x
Sales to cash flow11.86x
Statement figures
Net sales (TTM)Rs 2,134 Cr
Net sales (latest year)Rs 2,104 Cr
Sales (latest quarter)Rs 536 Cr
Operating profit excl. other income (latest year)Rs 361 Cr
Operating profit (latest quarter)Rs 87 Cr
Other income (TTM)Rs 60 Cr
EBITDA (TTM)Rs 416 Cr
PBDT (TTM)Rs 415 Cr
Profit before tax (TTM)Rs 346 Cr
Tax (latest year)Rs 92 Cr
Net profit (TTM)Rs 256 Cr
Net profit (latest year)Rs 264 Cr
Net profit (latest quarter)Rs 59 Cr
Depreciation (TTM)Rs 69 Cr
Depreciation (latest quarter)Rs 18 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 1,403 Cr
Total expenditure (latest year)Rs 1,743 Cr
Total income (latest year)Rs 2,163 Cr
Share capitalRs 20 Cr
ReservesRs 1,644 Cr
Shareholders' fundsRs 1,664 Cr
Total assetsRs 2,150 Cr
Net blockRs 622 Cr
Capital work in progressRs 52 Cr
ReceivablesRs 484 Cr
InventoryRs 296 Cr
Other liabilitiesRs 472 Cr
Shares outstanding (crore)20.30
Ownership
Promoter holding55.57% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 32.0 is at the 46th percentile of its own 9.7-year range (median 32.8, low 19.3, high 65.6).
P/B 4.93 is at the 63th percentile (median 3.90).
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.
PeriodVESUVIUSNifty 50Difference
1 week+3.1%-2.8% +5.9 pts
1 month-2.9%-6.8% +3.9 pts
3 months-14.1%-7.6% -6.4 pts
6 months-7.2%+0.4% -7.6 pts
1 year-21.3%-9.9% -11.4 pts
2 years-31.4%-13.6% -17.8 pts
3 years+29.6%+14.2% +15.5 pts
5 years+236.7%+27.9% +208.8 pts
18 mutual fund schemes hold about ₹1,836 Cr. Over three months 1 bought more and 4 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Nippon India Multi Cap Fund1.09%615 +0%
HDFC Mid Cap Fund0.27%294 -4%
Axis Small Cap Fund0.90%281 -3%
HDFC Small Cap Fund0.38%160 -0%
Nippon India Small Cap Fund0.14%117 -2%
HDFC Multi Cap Fund0.47%98 +1%
ICICI Pru Multi Cap Fund0.27%52 -3%
ICICI Pru Multi Cap Fund0.27%50 -3%
ICICI Pru Manufacturing Fund0.62%44 -1%
Mirae Asset Small Cap Fund0.75%43 -9%
Bajaj Finserv Flexi Cap Fund0.34%27 -7%
ICICI Pru Infrastructure Fund0.23%20 +4%
HDFC Retirement Fund-Hybrid-Equity Plan0.76%12 +4%
Mahindra Manulife Manufacturing Fund1.53%10 +3%
ITI Flexi Cap Fund0.55%9 -15%
HDFC Retirement Fund-Hybrid-Debt Plan0.42%1 +6%
Motilal Oswal BSE 1000 Index Fund0.02%0 +4%
ICICI Pru Children's Fund0.00%0 -100%

Red flags

F-score 4 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 ₹536 Cr +2.3% vs Jun 2025. Net profit ₹59 Cr -6.3%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-04-30Dividend - Rs 1.50 Per Share
2025-06-10Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share0.1000
2025-04-30Dividend - Rs 14.50 Per Share
2024-04-10Dividend - Rs 12.75 Per Share
2023-04-26Interim Dividend - Rs 8.25 Per Share
2022-04-28Dividend - Rs 8 Per Share
2021-04-19 Dividend - Rs 7 Per Share
2020-09-17 Dividend - Rs 7 Per Share
2019-04-16 Dividend - Rs 7 Per Share
2018-03-28 Dividend - Rs 6.75 Per Share
2017-05-04 Dividend - Rs 6.50 Per Share
2016-04-26 Dividend - Rs 6.25/- Per Share
2015-04-27Annual General Meeting / Final Dividend - Rs 6/- Per Share
2015-03-23E-Voting
2015-02-13E-Voting
2014-04-17Annual General Meeting / Dividend Rs. 4.75/- Per Share
2014-03-06Anniversary Special Dividend Re.1/- Per Share
2013-04-16Annual General Meeting/ Dividend Rs. 4.50 Per Share
2012-04-17Dividend Rs 4.25 Per Share
2011-04-08Dividend - Rs. 4.00 Per Share
2010-04-16Dividend-Rs.3.75 Pr Share
2009-04-17Agm/Dividend - 20%
2008-04-17Agm/Dividend - 37.50%
2007-04-05Agm/Dividend-35%
2006-04-07Agm/Final Dividend-35%
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Trade dateShares sold short
2026-09-3018
2026-09-291
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2019-03-28NCLATVesuvius India Ltd. & Ors. VS Fenace Auto Ltd. & Anr.
2019-03-05NCLATVesuvius India Ltd. & Ors. VS Fenace Auto Ltd. & Anr.
2019-01-31NCLATVesuvius India Ltd. & Ors. VS Fenace Auto Ltd. & Anr.
2019-01-14NCLATVesuvius India Ltd. & Ors. VS Fenace Auto Ltd. & Anr.
2019-01-04NCLATVesuvius India Ltd. & Ors. VS Fenace Auto Ltd. & Anr.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Vesuvius India Ltd?

Vesuvius India Ltd (VESUVIUS) has a market capitalisation of Rs 8,122 Cr. at the 2026-10-01 close.

What is the P/E ratio of Vesuvius India Ltd?

Vesuvius India Ltd trades at a P/E of 31.7 on trailing twelve-month profit, at the 2026-10-01 close.

What were Vesuvius India Ltd's latest quarterly results?

In the Jun 2026 quarter, Vesuvius India Ltd sales was Rs 536 Cr (+2.3% vs Jun 2025) and net profit was Rs 59 Cr.

What is the 52-week high and low of Vesuvius India Ltd?

The 52-week high is Rs 607.90 and the 52-week low is Rs 383.00.

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