Vadilal Enterprises Ltd
Incorporated in 1985, Vadilal Enterprises Ltd does marketing and distribution of ice cream, dairy products, frozen desserts and processed food products[1]
- Market Cap ₹ 402 Cr.
- Current Price ₹ 4,680
- High / Low ₹ 6,000 / 3,126
- Stock P/E 15.5
- Book Value ₹ 209
- Dividend Yield 0.03 %
- ROCE 38.6 %
- ROE 46.1 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 137% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 51.5%
Cons
- Stock is trading at 22.4 times its book value
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 337 | 366 | 418 | 488 | 518 | 546 | 573 | 592 | 340 | 548 | 930 | 999 | 1,077 | |
| 334 | 363 | 412 | 481 | 508 | 536 | 560 | 578 | 325 | 535 | 921 | 985 | 1,037 | |
| Operating Profit | 3 | 3 | 6 | 8 | 10 | 10 | 13 | 14 | 16 | 12 | 9 | 14 | 40 |
| OPM % | 1% | 1% | 2% | 2% | 2% | 2% | 2% | 2% | 5% | 2% | 1% | 1% | 4% |
| 3 | 3 | 1 | 2 | 2 | 3 | 3 | 3 | 4 | 5 | 12 | 12 | 12 | |
| Interest | 1 | 1 | 1 | 1 | 2 | 2 | 4 | 3 | 5 | 2 | 1 | 4 | 4 |
| Depreciation | 5 | 5 | 6 | 8 | 9 | 11 | 12 | 14 | 13 | 12 | 11 | 12 | 13 |
| Profit before tax | 0 | -1 | 0 | 0 | 0 | 0 | 0 | -0 | 1 | 3 | 9 | 10 | 35 |
| Tax % | 0% | -31% | 0% | 59% | 66% | 32% | 44% | 73% | 31% | 27% | 28% | 25% | |
| 0 | -1 | 0 | 0 | 0 | 0 | 0 | -1 | 1 | 2 | 6 | 8 | 26 | |
| EPS in Rs | 0.81 | -7.07 | 0.12 | 1.51 | 1.85 | 1.74 | 1.04 | -9.62 | 9.85 | 25.50 | 71.40 | 87.05 | 301.38 |
| Dividend Payout % | 147% | -11% | 688% | 53% | 43% | 46% | 76% | 0% | 0% | 5% | 2% | 2% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 12% |
| 3 Years: | 43% |
| TTM: | 14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 30% |
| 5 Years: | 137% |
| 3 Years: | 103% |
| TTM: | 2400% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 36% |
| 5 Years: | 31% |
| 3 Years: | 43% |
| 1 Year: | 34% |
| Return on Equity | |
|---|---|
| 10 Years: | 25% |
| 5 Years: | 42% |
| 3 Years: | 51% |
| Last Year: | 46% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Reserves | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 2 | 3 | 4 | 10 | 17 |
| 10 | 10 | 9 | 5 | 16 | 20 | 28 | 25 | 13 | 6 | 7 | 28 | |
| 100 | 98 | 95 | 107 | 86 | 120 | 123 | 130 | 128 | 139 | 172 | 184 | |
| Total Liabilities | 115 | 113 | 108 | 116 | 106 | 143 | 155 | 157 | 144 | 151 | 191 | 231 |
| 25 | 31 | 34 | 45 | 48 | 49 | 61 | 65 | 58 | 47 | 44 | 68 | |
| CWIP | 3 | 3 | 6 | 5 | 2 | 9 | 9 | 6 | 0 | 0 | 12 | 19 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 87 | 79 | 67 | 66 | 55 | 85 | 85 | 86 | 85 | 103 | 135 | 143 | |
| Total Assets | 115 | 113 | 108 | 116 | 106 | 143 | 155 | 157 | 144 | 151 | 191 | 231 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 11 | 7 | 15 | 28 | -4 | 17 | 14 | 22 | 15 | 24 | 7 | 17 | |
| -9 | -9 | -12 | -17 | -8 | -15 | -23 | -16 | 1 | -10 | -3 | -35 | |
| 1 | -1 | -3 | -5 | 9 | 1 | 5 | -7 | -16 | -9 | -2 | 17 | |
| Net Cash Flow | 3 | -3 | -0 | 5 | -3 | 3 | -4 | -1 | -0 | 5 | 2 | -1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 29 | 27 | 19 | 17 | 16 | 17 | 18 | 15 | 29 | 22 | 15 | 18 |
| Inventory Days | 2 | 2 | 1 | 1 | 1 | 18 | 18 | 21 | 43 | 29 | 24 | 23 |
| Days Payable | 82 | 67 | 41 | 46 | 23 | 40 | 30 | 37 | 59 | 59 | 44 | 43 |
| Cash Conversion Cycle | -51 | -39 | -22 | -28 | -6 | -6 | 6 | -0 | 13 | -8 | -4 | -3 |
| Working Capital Days | -49 | -49 | -57 | -57 | -43 | -47 | -46 | -46 | -71 | -44 | -29 | -27 |
| ROCE % | 9% | 4% | 9% | 11% | 15% | 6% | 14% | 7% | 27% | 33% | 60% | 39% |
Documents
Announcements
-
Board Meeting Intimation for The Company Is Scheduled To Be Held On Thursday , 14Th November 2024
6 Nov - Board meeting scheduled for November 14, 2024.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 30 Oct
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 9 Oct
-
Closure of Trading Window
30 Sep - Closure of trading window until financial results are declared.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 28 Sep
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Business Overview:[1][2]
VEL is a part of Vadilal Group along with Vadilal Industries Ltd. It is the marketing arm for selling and distribution of Vadilal brand ice-cream, frozen desserts and processed food products manufactured by VIL in India.
VEL owns deep freezers and freezers on wheels. All marketing decisions such as geographical presence and pricing of stock keeping units are taken by VEL.
VIL decides selling price after considering all expenses including debt repayment, marketing and distribution expenses incurred by VEL. VIL also supports VEL’s cash flow through extended credit period