Veljan Denison Ltd

Veljan Denison Ltd

₹ 1,517 2.92%
22 Nov - close price
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.

  • Market Cap 683 Cr.
  • Current Price 1,517
  • High / Low 2,100 / 888
  • Stock P/E 30.4
  • Book Value 482
  • Dividend Yield 1.12 %
  • ROCE 15.1 %
  • ROE 11.4 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
28.22 31.40 30.48 30.49 32.04 33.89 35.02 36.75 36.90 37.34
21.41 23.79 23.59 26.08 23.17 26.39 26.59 28.19 28.57 28.19
Operating Profit 6.81 7.61 6.89 4.41 8.87 7.50 8.43 8.56 8.33 9.15
OPM % 24.13% 24.24% 22.60% 14.46% 27.68% 22.13% 24.07% 23.29% 22.57% 24.50%
0.56 0.60 0.27 0.63 0.63 0.64 0.81 0.75 0.72 0.66
Interest 0.05 0.22 0.36 0.16 0.20 0.48 0.18 0.16 0.08 0.10
Depreciation 1.18 1.28 1.41 1.53 1.32 1.33 1.45 1.49 1.42 1.48
Profit before tax 6.14 6.71 5.39 3.35 7.98 6.33 7.61 7.66 7.55 8.23
Tax % 26.06% 22.80% 28.20% 38.81% 25.69% 25.75% 25.89% 25.72% 32.58% 26.49%
4.55 5.18 3.88 2.05 5.93 4.69 5.63 5.69 5.09 6.05
EPS in Rs 10.11 11.51 8.62 4.56 13.18 10.42 12.51 12.64 11.31 13.44
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024 TTM
121 137 146
95 104 112
Operating Profit 26 33 34
OPM % 21% 24% 24%
2 3 3
Interest 1 1 1
Depreciation 5 6 6
Profit before tax 22 30 31
Tax % 26% 25%
16 22 22
EPS in Rs 35.60 49.04 49.90
Dividend Payout % 18% 17%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 15%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 36%
Stock Price CAGR
10 Years: 18%
5 Years: 34%
3 Years: 44%
1 Year: 65%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024 Sep 2024
Equity Capital 2 2 4
Reserves 183 203 212
9 7 4
30 27 31
Total Liabilities 225 239 253
70 90 91
CWIP 15 3 2
Investments 0 0 0
139 147 159
Total Assets 225 239 253

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024
19 15
-17 -8
0 -8
Net Cash Flow 2 -0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024
Debtor Days 93 82
Inventory Days 466 503
Days Payable 96 76
Cash Conversion Cycle 464 508
Working Capital Days 220 223
ROCE % 15%

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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