Veedol Corporation Ltd

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

Veedol Corporation Ltd

₹ 1,722 0.98%
22 Nov - 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 ₹ 3,000 Cr.
  • Current Price ₹ 1,722
  • High / Low ₹ 2,800 / 1,271
  • Stock P/E 20.2
  • Book Value ₹ 500
  • Dividend Yield 3.02 %
  • ROCE 23.7 %
  • ROE 18.0 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Stock is providing a good dividend yield of 3.02%.
  • Company has been maintaining a healthy dividend payout of 66.7%

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.

Peer comparison

Sector: Chemicals Industry: Chemicals

Part of Nifty Total Market Nifty Microcap 250

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
394 412 445 439 448 497 470 474 474 496 487 479 476
356 376 399 399 420 463 429 435 433 455 440 437 430
Operating Profit 38 36 45 40 28 34 41 39 42 42 47 41 46
OPM % 10% 9% 10% 9% 6% 7% 9% 8% 9% 8% 10% 9% 10%
8 8 8 6 4 6 6 8 8 8 12 14 9
Interest 0 0 0 0 0 0 0 0 0 1 0 1 1
Depreciation 4 4 4 4 4 4 4 4 4 4 4 5 8
Profit before tax 43 40 49 42 28 35 43 42 45 45 55 50 46
Tax % 25% 25% 23% 19% 26% 26% 19% 26% 22% 25% 23% 26% 25%
32 30 38 34 20 26 34 31 35 34 43 37 35
EPS in Rs 18.37 17.35 21.69 19.35 11.73 14.89 19.75 17.90 20.21 19.27 24.63 21.30 19.86
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
903 973 1,037 974 1,130 1,275 1,377 1,317 1,258 1,536 1,854 1,931 1,938
810 880 956 860 994 1,136 1,246 1,178 1,094 1,388 1,712 1,762 1,762
Operating Profit 93 93 81 113 136 139 131 138 164 147 142 169 176
OPM % 10% 10% 8% 12% 12% 11% 9% 10% 13% 10% 8% 9% 9%
10 17 163 24 35 32 32 38 38 30 22 35 44
Interest 0 0 1 1 3 3 2 2 2 2 1 2 3
Depreciation 9 9 11 7 9 9 10 12 14 15 15 15 21
Profit before tax 94 100 232 129 159 159 149 161 185 160 147 187 196
Tax % 33% 35% 32% 39% 32% 33% 35% 24% 24% 23% 22% 24%
63 65 159 86 108 107 97 122 141 123 115 143 148
EPS in Rs 36.58 37.67 92.18 49.39 61.87 61.05 55.41 69.75 80.76 70.54 65.76 82.03 85.06
Dividend Payout % 21% 27% 19% 50% 47% 56% 82% 70% 72% 76% 62% 62%
Compounded Sales Growth
10 Years: 7%
5 Years: 7%
3 Years: 15%
TTM: 1%
Compounded Profit Growth
10 Years: 8%
5 Years: 8%
3 Years: 0%
TTM: 17%
Stock Price CAGR
10 Years: 8%
5 Years: 13%
3 Years: 2%
1 Year: 36%
Return on Equity
10 Years: 17%
5 Years: 18%
3 Years: 17%
Last Year: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 0.87 0.85 0.85 2 2 2 2 2 2 3 3 3 3
Reserves 337 381 499 585 611 649 638 679 735 716 761 824 868
5 9 21 28 29 42 39 38 18 14 5 1 27
172 213 217 231 255 256 249 248 286 302 330 327 312
Total Liabilities 515 604 738 846 897 949 928 967 1,040 1,036 1,099 1,156 1,211
122 122 194 148 231 242 249 263 277 270 272 294 334
CWIP 1 1 -0 2 0 3 2 12 4 3 2 10 11
Investments 1 0 0 68 65 70 69 76 74 70 70 73 82
392 481 544 628 600 634 608 616 686 692 756 779 784
Total Assets 515 604 738 846 897 949 928 967 1,040 1,036 1,099 1,156 1,211

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
26 30 80 127 35 94 79 133 69 93 103 156
-2 -2 45 -7 24 -86 -1 -49 39 37 6 -91
-10 -12 -20 -36 -56 -58 -110 -80 -102 -142 -81 -85
Net Cash Flow 14 16 105 83 2 -49 -31 4 6 -11 28 -21

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 58 66 63 62 65 54 52 42 47 50 47 44
Inventory Days 95 112 84 105 115 93 85 102 150 109 90 84
Days Payable 63 73 60 89 96 90 80 87 107 79 64 67
Cash Conversion Cycle 89 105 87 78 84 57 56 56 90 80 73 61
Working Capital Days 77 86 70 42 74 66 63 58 77 69 60 86
ROCE % 29% 28% 18% 23% 26% 24% 22% 23% 26% 22% 20% 24%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
57.28% 57.28% 57.28% 57.28% 57.28% 57.28% 57.28% 57.28% 62.27% 62.27% 64.15% 64.29%
0.77% 0.83% 0.70% 0.73% 0.77% 0.82% 0.83% 0.97% 1.38% 1.51% 1.98% 1.71%
9.46% 8.47% 7.99% 7.33% 6.00% 5.37% 2.10% 2.12% 1.27% 1.22% 1.23% 1.24%
30.03% 30.96% 31.57% 32.20% 33.49% 34.06% 37.33% 37.18% 32.61% 32.53% 30.17% 30.30%
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 62,88465,12564,68865,56066,30666,01870,41164,94768,09765,84362,48860,070

* 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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