Veedol Corporation Ltd

Veedol Corporat Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Veedol Corporation Ltd

₹ 1,669 0.41%
29 Jul - close price
veedolindia.com BSE: 590005 NSE: VEEDOL
About

Tide Water Oil Co. Ltd. is a leading manufacturer and marketer of lubricants in over 65 countries around the globe. In India, it has been catering to both automotive and industrial segments since 1928 under the brand “Veedol''. [1]

Key Points

Product Portfolio
Automotive Lubricants: The Co. manufactures a wide range of automotive lubricants for 2-wheelers, passenger cars, commercial vehicles, OEM oils, gear and transmission oils, greases, etc. [1]
Industrial Lubricants: The Co. also manufactures industrial lubricants like Machinery Oil, Thermic Fluids, Spindle Oils, Turbine Oils, Heavy-duty Hydraulic Oils, etc. [2]
Specialities: The Co. is also engaged in the manufacture and sale of Speciality Vehicle Sanitization Products. [3]

Website BSE NSE
  • Market Cap ₹ 2,910 Cr.
  • Current Price ₹ 1,669
  • High / Low ₹ 2,800 / 1,275
  • Stock P/E 22.2
  • Book Value ₹ 430
  • Dividend Yield 3.24 %
  • ROCE 19.5 %
  • ROE 17.9 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Stock is providing a good dividend yield of 3.24%.
  • Company has been maintaining a healthy dividend payout of 79.2%

Cons

  • Promoter holding has decreased over last quarter: -1.94%
  • The company has delivered a poor sales growth of 6.26% over past five years.
  • Tax rate seems low
  • Earnings include an other income of Rs.69.0 Cr.

* 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

Energy Oil, Gas & Consumable Fuels Petroleum Products Lubricants

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
361 349 363 391 389 383 381 404 388 378 364 386 398
328 319 346 377 368 361 363 381 359 360 345 368 363
Operating Profit 33 30 17 14 20 22 18 23 29 18 19 18 34
OPM % 9% 9% 5% 4% 5% 6% 5% 6% 8% 5% 5% 5% 9%
14 3 7 16 10 14 11 13 18 20 14 16 20
Interest 0 0 0 0 0 0 0 0 0 1 1 1 1
Depreciation 3 3 3 3 2 2 2 2 2 4 7 6 6
Profit before tax 44 30 21 28 27 33 26 33 45 34 25 28 47
Tax % 20% 22% 21% 21% 16% 21% 20% 20% 17% 21% 22% -18% 5%
35 24 17 22 23 26 21 26 37 27 20 34 45
EPS in Rs 20.12 13.52 9.56 12.60 13.05 15.12 12.03 15.07 21.33 15.37 11.19 19.30 25.81
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
918 956 935 962 1,074 1,193 1,127 1,051 1,248 1,492 1,555 1,527
816 868 794 830 949 1,072 1,007 926 1,145 1,411 1,464 1,437
Operating Profit 103 88 141 132 125 121 121 126 103 82 91 91
OPM % 11% 9% 15% 14% 12% 10% 11% 12% 8% 5% 6% 6%
10 163 -1 28 30 35 33 42 46 36 57 69
Interest 0 0 0 1 1 1 1 2 1 1 1 3
Depreciation 9 7 7 7 8 8 9 10 11 10 10 22
Profit before tax 104 243 133 151 147 147 143 156 136 106 137 134
Tax % 34% 30% 38% 32% 34% 34% 26% 25% 22% 20% 19% 7%
68 171 83 103 97 97 106 117 107 85 111 125
EPS in Rs 39.73 99.51 47.53 58.82 55.39 55.27 60.42 67.11 61.17 48.72 63.54 71.67
Dividend Payout % 25% 17% 52% 50% 61% 83% 80% 87% 88% 84% 80% 74%
Compounded Sales Growth
10 Years: 5%
5 Years: 6%
3 Years: 7%
TTM: -2%
Compounded Profit Growth
10 Years: 7%
5 Years: 4%
3 Years: 7%
TTM: 18%
Stock Price CAGR
10 Years: 7%
5 Years: 15%
3 Years: 18%
1 Year: -37%
Return on Equity
10 Years: 16%
5 Years: 16%
3 Years: 16%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 0.85 0.85 2 2 2 2 2 2 3 3 3 3
Reserves 386 516 599 627 654 645 671 702 668 681 709 746
0 0 0 0 0 0 1 1 0 4 0 21
190 192 208 211 211 206 198 229 230 250 249 231
Total Liabilities 577 709 809 839 867 853 872 934 902 939 962 1,002
69 90 97 97 104 112 122 118 114 109 107 141
CWIP 1 0 2 0 3 1 2 1 1 2 7 2
Investments 57 121 115 212 214 214 215 215 215 215 215 215
450 498 596 530 546 526 533 599 572 612 632 644
Total Assets 577 709 809 839 867 853 872 934 902 939 962 1,002

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
33 93 139 41 102 82 121 48 80 54 94 -35
-3 36 -7 16 -86 -6 -43 44 47 31 -36 129
-16 -32 -48 -56 -71 -105 -76 -84 -138 -68 -85 -98
Net Cash Flow 14 97 83 1 -55 -29 1 9 -12 18 -27 -4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 59 57 57 58 47 45 34 38 40 36 34 45
Inventory Days 120 90 111 129 100 88 110 171 118 99 90 113
Days Payable 67 53 86 93 88 75 78 100 70 57 57 40
Cash Conversion Cycle 112 94 83 95 59 58 66 108 88 78 67 118
Working Capital Days 89 71 64 78 67 63 60 82 72 60 95 101
ROCE % 30% 21% 28% 25% 23% 23% 22% 23% 20% 16% 20% 19%

Shareholding Pattern

Numbers in percentages

2 Recently
Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
57.28% 57.28% 57.28% 57.28% 57.28% 62.27% 62.27% 64.15% 64.29% 64.29% 64.29% 62.35%
0.73% 0.77% 0.82% 0.83% 0.97% 1.38% 1.51% 1.98% 1.71% 1.46% 1.26% 1.14%
7.33% 6.00% 5.37% 2.10% 2.12% 1.27% 1.22% 1.23% 1.24% 1.28% 1.17% 1.17%
32.20% 33.49% 34.06% 37.33% 37.18% 32.61% 32.53% 30.17% 30.30% 30.51% 30.82% 32.86%
2.46% 2.46% 2.46% 2.46% 2.46% 2.46% 2.46% 2.46% 2.46% 2.46% 2.46% 2.46%
No. of Shareholders 65,56066,30666,01870,41164,94768,09765,84362,48860,07059,36558,51459,920

* 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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