Veedol Corporation Ltd
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]
- Market Cap ₹ 2,669 Cr.
- Current Price ₹ 1,532
- High / Low ₹ 2,800 / 1,275
- Stock P/E 16.9
- Book Value ₹ 500
- Dividend Yield 3.39 %
- ROCE 23.7 %
- ROE 18.0 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Stock is providing a good dividend yield of 3.39%.
- 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | 1,924 | |
810 | 880 | 956 | 860 | 994 | 1,136 | 1,246 | 1,178 | 1,094 | 1,388 | 1,712 | 1,762 | 1,751 | |
Operating Profit | 93 | 93 | 81 | 113 | 136 | 139 | 131 | 138 | 164 | 147 | 142 | 169 | 173 |
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 | 43 | |
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 | 24 |
Profit before tax | 94 | 100 | 232 | 129 | 159 | 159 | 149 | 161 | 185 | 160 | 147 | 187 | 188 |
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 | 152 | |
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 | 87.22 |
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: | 18% |
Stock Price CAGR | |
---|---|
10 Years: | 8% |
5 Years: | 18% |
3 Years: | 10% |
1 Year: | -9% |
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% |
Documents
Announcements
- Compliance Certificate Under Regulation 40 (9) & 40 (10) Of The SEBI (LODR) Regulations, 2015 11 Apr
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Apr - Certificate confirming no dematerialization requests received.
- Compliances-Compliance Certificate For The Period Ended March, 2025 9 Apr
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
8 Apr - Non-applicability of Initial Disclosure for debt securities.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
3 Apr - Enclosing copies of the newspaper advertisements published on 3rd April, 2025 in respect of declaration of voting results on the resolutions as specified in the …
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 2013
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Financial Year 2012
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Financial Year 2011
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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]