Is Veedol Corporation a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Veedol Corporation Ltd is a good quality company .

Is Veedol Corporation undervalued or overvalued?

The key valuation ratios of Veedol Corporation Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Veedol Corporation share price return in the past 10 years?

Veedol Corporation Ltd share price has appreciated 7.6% annually (CAGR) over the past ten years.

Is Veedol Corporation a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Veedol Corporation Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Veedol Corporation Ltd - Stock Valuation and Financial Performance

Name: Veedol Corporation
Brand: Veedol Corporation

BSE: 590005 | NSE: VEEDOL | Lubricants | Small Cap

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Veedol Corporation Share Price

₹1,707.65 -47.00 -2.68%
as on 21-Nov'24 16:59

10 Year X-Ray of Veedol Corporation:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	54%	23.9%	24.8%	23%	22.8%	21.8%	22.9%	20%	15.8%	19.8%	-
Value Creation Index ⓘ	2.9	0.7	0.8	0.7	0.6	0.6	0.6	0.4	0.1	0.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	956	935	962	1,074	1,193	1,127	1,051	1,248	1,492	1,555	1,534
Sales YoY Gr.	-	-2.2%	2.8%	11.8%	11.1%	-5.5%	-6.7%	18.7%	19.6%	4.2%	-
Adj EPS ⓘ	39.3	57.9	60.9	57.2	57.6	65.5	72.8	65	49.3	65.9	63
YoY Gr.	-	47.3%	5.2%	-6.1%	0.6%	13.9%	11.1%	-10.8%	-24.2%	33.8%	-
BVPS (₹) ⓘ	304	345.1	369.7	385.9	380.5	395.8	414.2	395.2	402.5	419.1	415.7
Adj Net Profit ⓘ	66.8	101	104	97.4	100	114	127	113	85.8	115	110
Cash Flow from Ops. ⓘ	93.4	139	41.2	102	82.2	121	48.2	79.9	54.2	94.2	-
Debt/CF from Ops. ⓘ	0	0	0	0	0	0	0	0	0.1	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	5.6%	5.4%	13.9%	4.2%
Adj EPS ⓘ	5.9%	2.8%	-3.3%	33.8%
BVPSⓘ	3.6%	2%	0.4%	4.1%
Share Price	7.6%	12.3%	1.9%	35.6%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	14.8	18.1	16.9	15.2	15.4	17.3	18.4	16.5	12.7	16.4	15.1
Op. Profit Mgn % ⓘ	9.3	15.2	13.8	11.7	10.9	11.8	13.2	9	5.6	6.2	5.8
Net Profit Mgn % ⓘ	7	10.8	10.8	9.1	8.4	10.1	12.1	9.1	5.8	7.4	7.1
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	119	115	127	202	252	275	280	246	215	232	74
Cash Conv. Cycle ⓘ	62	46	39	39	34	35	39	50	50	45	51

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 13.94%

Return on Equity has declined versus last 3 years average to 15.10%

Net Profit has been subdued in last 3 years -3.27%

Sales growth is not so good in last 4 quarters at -0.72%

Latest Financials - Veedol Corporation Ltd.

	Standalone	Consolidated
TTM EPS (₹)	63	85.1
TTM Sales (₹ Cr.)	1,534	1,938
BVPS (₹.) ⓘ	415.7	500.2
Reserves (₹ Cr.) ⓘ	721	868
P/BV ⓘ	4.09	3.40
PE ⓘ	27.04	20.01

From the Market
52 Week Low / High (₹)	1242.60 / 2800.00
All Time Low / High (₹)	42.75 / 3693.75
Market Cap (₹ Cr.)	2,966
Equity (₹ Cr.)	3.5
Face Value (₹)	2
Industry PE ⓘ	19.2

Management X-Ray of Veedol Corporation:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

54.17

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Veedol Corporation

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Veedol Corporation

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	956	935	962	1,074	1,193	1,127	1,051	1,248	1,492	1,555
Operating Expenses ⓘ	868	794	830	949	1,072	1,007	926	1,145	1,411	1,464
Manufacturing Costs	90	100	78	47	50	48	51	54	60	63
Material Costs	617	514	526	609	692	597	562	779	998	989
Employee Cost	46	49	55	70	73	80	82	86	93	104
Other Costs ⓘ	116	131	171	224	257	282	230	226	260	307
Operating Profit ⓘ	87	141	131	125	121	121	126	103	81	91
Operating Profit Margin (%)	9.1%	15.1%	13.6%	11.7%	10.2%	10.7%	12.0%	8.2%	5.5%	5.9%
Other Income ⓘ	13	24	29	30	35	33	42	46	36	57
Interest ⓘ	0	0	1	1	1	1	2	1	1	1
Depreciation ⓘ	7	7	7	8	8	9	10	11	10	10
Exceptional Items ⓘ	150	-24	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	243	133	151	147	147	143	156	136	106	137
Tax ⓘ	72	50	48	50	50	37	38	30	21	27
Profit After Tax	171	83	103	97	97	106	117	107	85	111
PAT Margin (%)	17.9%	8.9%	10.7%	9.0%	8.1%	9.4%	11.2%	8.5%	5.7%	7.1%
Adjusted EPS (₹)	100.7	47.8	60.6	57.0	56.9	62.2	69.1	62.7	49.9	65.1
Dividend Payout Ratio (%)	17%	52%	50%	61%	83%	80%	87%	88%	84%	80%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	517	601	629	656	647	673	704	672	684	713
Share Capital ⓘ	1	2	2	2	2	2	2	3	3	3
Reserves ⓘ	516	599	627	654	645	671	702	668	681	709
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	0	0	0	0	0	0	0	0	4	0
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	0	0	0	0	0	0	0	0	4	0
Trade Payables	89	121	134	147	143	127	155	150	155	155
Others Liabilities ⓘ	103	88	126	490	538	584	512	547	571	593
Total Liabilities ⓘ	709	809	888	1,293	1,328	1,384	1,371	1,369	1,414	1,461
Fixed Assets
Gross Block	137	149	111	125	140	158	167	171	173	179
Accumulated Depreciation	46	52	14	22	29	38	48	58	65	72
Net Fixed Assetsⓘ	90	97	97	103	110	120	118	113	108	106
CWIP ⓘ	0	2	0	3	1	2	1	1	2	7
Investmentsⓘ	121	115	212	215	215	217	215	215	215	215
Inventories	152	156	186	167	167	180	263	252	270	245
Trade Receivables	149	146	154	138	148	104	109	138	148	143
Cash Equivalents	159	243	146	170	153	196	179	143	147	19
Others Assetsⓘ	37	51	93	496	532	566	485	507	524	726
Total Assets ⓘ	709	809	888	1,293	1,328	1,384	1,371	1,369	1,414	1,461

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	93	139	41	102	82	121	48	80	54	94
PBT ⓘ	243	133	151	147	147	143	156	136	106	137
Adjustment ⓘ	-1	-12	-17	-13	-10	-7	-14	-19	-21	-36
Changes in Working Capital ⓘ	35	45	-34	22	-2	21	-66	-11	-11	11
Tax Paid ⓘ	-34	-52	-59	-53	-53	-37	-27	-27	-21	-17
Cash Flow From Investing Activity ⓘ	36	-7	16	-86	-6	-43	44	47	31	-36
Capex	10	-15	-7	-17	-14	-17	-6	-6	-7	-16
Net Investments	0	0	0	-84	-6	-41	26	24	7	-65
Others ⓘ	26	8	23	15	14	15	24	29	31	44
Cash Flow From Financing Activityⓘ	-32	-48	-56	-71	-105	-76	-84	-138	-68	-85
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-1	-1	0	0	0	0	0	0	0	0
Dividend Paid ⓘ	-31	-48	-58	-61	-91	-64	-84	-139	-73	-82
Others ⓘ	0	1	1	-10	-14	-12	0	1	6	-3
Net Cash Flow ⓘ	97	83	1	-55	-29	1	9	-12	18	-27

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	37.95	14.89	16.75	15.09	14.85	16.02	17.06	15.49	12.52	15.85
ROCE (%)	53.97	23.85	24.82	23.03	22.76	21.84	22.89	20.02	15.77	19.77
Asset Turnover Ratio	1.73	1.45	1.33	1.02	0.91	0.83	0.81	0.95	1.12	1.12
PAT to CFO Conversion(x)	0.54	1.67	0.4	1.05	0.85	1.14	0.41	0.75	0.64	0.85
Working Capital Days
Receivable Days	49	49	48	48	44	41	35	35	34	33
Inventory Days	57	51	55	58	51	56	73	72	61	58
Payable Days	59	75	88	84	77	83	92	71	56	57

Veedol Corporation Ltd Stock News

Veedol Corporation Ltd FAQs

What is the share price of Veedol Corporation?

Company share prices are keep on changing according to the market conditions. The closing price of Veedol Corporation on 21-Nov-2024 16:59 is ₹1,707.7.

What is the market cap of Veedol Corporation?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Veedol Corporation stood at ₹2,965.6.

What is the P/E ratio of Veedol Corporation?

The latest P/E ratio of Veedol Corporation as of 21-Nov-2024 16:59 is 27.04.

What is the P/B ratio of Veedol Corporation?

The latest P/B ratio of Veedol Corporation as of 21-Nov-2024 16:59 is 4.09.

What is the 52-week high and low of Veedol Corporation?

The 52-week high of Veedol Corporation is ₹2,800 and the 52-week low is ₹1,242.6.

What is the TTM revenue of Veedol Corporation?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Veedol Corporation is ₹1,534 ( Cr.) .

About Veedol Corporation Ltd

Tide Water Oil Company, incorporated in 1928, is a part of the multi divisional Andrew Yule group that has diverse interests in Engineering, Electrical, Tea Cultivation, Power Generation, Digital Communication Systems and Lubricants.

Tide Water has been a pioneer of Automotive and Industrial lubricants in India since 1928 and has five plants at Howrah, Oragadam, Turbhe, Silvassa and Faridabad.

Its repertoire of automotive products includes engine oils for trucks, tractors, commercial vehicles, passenger cars and two/three wheelers. It also produces gear oils, transmission oils, coolants and greases for automobiles. For industrial application it manufactures industrial oils, greases and speciality products like metal working fluids, quenching oils and heat transfer oils. Tide Water has tie-ups for manufacture of genuine oils with a number of renowned OEMs in the automotive and industrial equipment segment.

Quality has been key area focus and the company has continued to innovate with high performance products keeping pace with advancements in technology and market needs. It reaches out to its customers through its pan India distribution network with the popular Veedol range of products, widely accepted for their quality and excellence.

The company also has technical collaboration with Nippon Oil Corporation, the No.1 petroleum conglomerate in Japan. Superior quality lubricants under the brand name Eneos are manufactured and marketed in India by Tide Water Oil.Tide Water Oil has a wide range of attractive promotional schemes for its distribution network across the country. It also offers a number of value added support services including training for its distributorsâ€™ sales force.

Tide Water Oil Company (India) Ltd has entered into a commercial agreement with IFT to market and sell IFT`s DiesoLIFTTM 10 in India. Tidewater is a leading manufacturer and marketer of automotive and industrial lubricants in India. Tidewater has five manufacturing facilities in India and a Pan Indian distribution network.

Tidewater sees a primary market for Dieso LIFTTM 10 with power generation set users, tractor operators in the agricultural industry and retail distribution outlets in India.

Product range of the company includes:

VEEDOL
Automotive Oils-Diesel Engine Oils, Premium Diesel Engine Oils, PCMO & 2 Wheeler oils, Dedicated Engine oils, Gear & Transmission oils, Agri Engine Oils, Coolant, Brake Fluid, ETC.
Industrial Oils-General Purpose Machinery Oils, Spindle Oils, Turbine Oils, Hydraulic & Circulation Oils, Steam Cylinder Oils, Industrial Gear oils, Mill Rolls Oil, Non Drip oils, Cutting oils, etc
Industrial Grease-Calcium Base Grease, Lithium base grease, High Temperature grease, Cardium Compound Grease, Graphite grease, etc.
Automotive Grease-Lithium Base Grease, Sodium Base Grease, Calcium base grease
Genuine oils-Diesel engine oils, petrol engine oils