Veljan Denison Ltd

Veljan Denison Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Veljan Denison Ltd

₹ 1,517 2.92%
22 Nov - close price
veljan.in BSE: 505232
About

Incorporated in 1973, Veljan Denison Ltd manufactures Hydraulic Pumps, Motors, Valves and Custom Built Power Packs[1]

Key Points

Business Overview:[1][2]
VDL used to be a part of Hagglunds of Sweden but is now working as a Veljan's group company. It is in the business of manufacturing Pumps, Motors, Valves and custom-built Power systems / Manifold blocks. Company manufactures precision engineering components and has its own research and development wing in Hyderabad.

Website BSE
  • Market Cap ₹ 683 Cr.
  • Current Price ₹ 1,517
  • High / Low ₹ 2,100 / 888
  • Stock P/E 31.9
  • Book Value ₹ 469
  • Dividend Yield 1.12 %
  • ROCE 14.2 %
  • ROE 10.6 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 18.7%

Cons

  • Stock is trading at 3.23 times its book value
  • Company has a low return on equity of 9.73% over last 3 years.

* 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.

Peer comparison

Sector: Capital Goods-Non Electrical Equipment Industry: Engineering

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
25.72 27.87 27.33 28.22 28.87 26.80 26.75 28.27 31.05 31.51 33.43 33.67 33.96
18.57 19.96 19.65 21.41 22.16 21.05 22.64 20.55 24.23 23.69 25.45 26.26 25.74
Operating Profit 7.15 7.91 7.68 6.81 6.71 5.75 4.11 7.72 6.82 7.82 7.98 7.41 8.22
OPM % 27.80% 28.38% 28.10% 24.13% 23.24% 21.46% 15.36% 27.31% 21.96% 24.82% 23.87% 22.01% 24.20%
0.96 0.32 0.66 0.56 0.60 0.26 0.61 0.59 0.63 0.78 0.72 0.64 0.63
Interest 0.14 0.09 -0.05 0.05 0.22 0.36 0.16 0.20 0.48 0.18 0.15 0.08 0.10
Depreciation 1.17 1.18 1.19 1.18 1.19 1.27 1.22 1.12 1.13 1.26 1.24 1.22 1.25
Profit before tax 6.80 6.96 7.20 6.14 5.90 4.38 3.34 6.99 5.84 7.16 7.31 6.75 7.50
Tax % 25.74% 25.72% 30.56% 26.06% 25.93% 26.26% 26.95% 25.89% 26.03% 25.84% 24.21% 25.93% 25.87%
5.05 5.17 5.00 4.55 4.36 3.23 2.44 5.18 4.32 5.31 5.55 5.01 5.56
EPS in Rs 11.22 11.49 11.11 10.11 9.69 7.18 5.42 11.51 9.60 11.80 12.33 11.13 12.36
Raw PDF

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
71 71 78 78 79 96 88 83 74 98 111 124 133
52 55 56 57 56 68 61 61 60 72 87 94 101
Operating Profit 19 16 22 21 23 28 26 22 13 26 23 30 31
OPM % 27% 22% 28% 27% 29% 29% 30% 26% 18% 26% 21% 25% 24%
1 1 3 0 1 1 1 1 1 2 2 3 3
Interest 2 2 2 2 2 1 1 1 0 0 1 1 1
Depreciation 3 3 3 2 3 3 3 4 5 5 5 5 5
Profit before tax 15 13 20 18 19 25 23 18 9 23 20 27 29
Tax % 33% 33% 34% 30% 25% 34% 28% 26% 24% 27% 26% 25%
10 8 13 13 15 16 16 13 7 17 15 20 21
EPS in Rs 22.11 18.76 28.98 27.87 32.24 36.18 36.29 29.87 15.24 37.51 32.40 45.27 47.62
Dividend Payout % 17% 20% 17% 18% 16% 14% 14% 17% 33% 17% 20% 19%
Compounded Sales Growth
10 Years: 6%
5 Years: 7%
3 Years: 19%
TTM: 17%
Compounded Profit Growth
10 Years: 9%
5 Years: 5%
3 Years: 38%
TTM: 41%
Stock Price CAGR
10 Years: 18%
5 Years: 34%
3 Years: 44%
1 Year: 65%
Return on Equity
10 Years: 11%
5 Years: 9%
3 Years: 10%
Last Year: 11%

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 Sep 2024
Equity Capital 2 2 2 2 2 2 2 2 2 2 2 2 4
Reserves 71 78 88 98 113 126 140 148 155 169 181 198 207
24 20 27 26 34 22 19 6 10 7 9 7 4
22 18 20 12 12 15 23 22 21 24 26 24 26
Total Liabilities 119 117 137 138 161 165 184 178 188 202 219 231 242
28 25 23 27 24 26 43 56 62 58 59 78 79
CWIP 3 4 4 3 3 3 6 7 3 7 15 3 2
Investments 0 0 0 0 0 0 0 0 0 0 14 14 14
88 89 110 109 134 135 136 115 123 137 131 137 146
Total Assets 119 117 137 138 161 165 184 178 188 202 219 231 242

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
6 4 0 13 18 17 29 18 26 13 16 11
-1 -1 -1 -1 -1 -6 -25 -10 -6 -15 -16 -6
7 -9 3 -6 6 -15 -7 -18 3 -5 0 -5
Net Cash Flow 12 -7 2 6 23 -4 -2 -11 23 -8 -0 0

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 247 179 297 316 274 246 216 161 142 123 93 84
Inventory Days 242 255 259 207 298 181 354 536 489 491 465 484
Days Payable 71 64 68 31 30 21 136 146 125 118 89 72
Cash Conversion Cycle 417 370 489 492 542 407 434 551 506 496 468 496
Working Capital Days 282 338 393 384 387 328 335 322 290 262 228 230
ROCE % 19% 14% 20% 16% 15% 17% 15% 12% 7% 14% 11% 14%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01%
25.02% 25.02% 25.02% 25.01% 25.02% 25.02% 25.02% 25.02% 25.02% 25.01% 25.02% 25.00%
No. of Shareholders 2,5872,7292,8472,8532,8842,8982,9112,9943,0183,5534,1514,210

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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