Is Veljan Denison a good quality company?

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

Is Veljan Denison undervalued or overvalued?

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

What is Veljan Denison share price return in the past 10 years?

Veljan Denison Ltd share price has appreciated 15.7% annually (CAGR) over the past ten years.

Is Veljan Denison a good buy now?

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

Veljan Denison Ltd - Stock Valuation and Financial Performance

Name: Veljan Denison
Brand: Veljan Denison

BSE: 505232 | NSE: | Compressors / Pumps | Small Cap

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Veljan Denison Share Price

₹1,474 -5.40 -0.37%
as on 21-Nov'24 16:59

10 Year X-Ray of Veljan Denison:

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 % ⓘ	20.4%	16.1%	15.4%	17.3%	15.4%	11.9%	5.8%	13.6%	11.1%	14.2%	-
Value Creation Index ⓘ	0.5	0.2	0.1	0.2	0.1	-0.2	-0.6	0.0	-0.2	0.0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	78.9	80.3	76.9	96.2	87.5	82.8	73.6	97.9	111	124	133
Sales YoY Gr.	-	1.8%	-4.3%	25.2%	-9%	-5.4%	-11.1%	33%	13.1%	12.3%	-
Adj EPS ⓘ	29.1	27.9	32.3	36.2	36.3	29.9	17.2	37.5	32.4	45.4	47.6
YoY Gr.	-	-4.2%	15.7%	12.2%	0.4%	-17.7%	-42.4%	117.9%	-13.6%	39.9%	-
BVPS (₹) ⓘ	200.9	222.7	255	285.2	315.2	333	348.2	381	406.9	445.7	469.1
Adj Net Profit ⓘ	13.1	12.5	14.5	16.3	16.3	13.4	7.8	16.9	14.6	20.4	21
Cash Flow from Ops. ⓘ	0.2	13.1	17.8	17.1	29.1	17.7	26.3	12.7	15.8	11.4	-
Debt/CF from Ops. ⓘ	134.5	2	1.9	1.3	0.7	0.4	0.4	0.5	0.6	0.6	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	5.2%	7.3%	19.1%	12.3%
Adj EPS ⓘ	5.1%	4.6%	38.1%	39.9%
BVPSⓘ	9.3%	7.2%	8.6%	9.5%
Share Price	15.7%	33.5%	44.1%	59.6%

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 % ⓘ	15.4	13.2	13.5	13.4	12.1	9.2	5.1	10.3	8.2	10.6	10.4
Op. Profit Mgn % ⓘ	27.8	26.8	30	29	29.8	26.1	18.3	26.2	21.1	24.5	23.7
Net Profit Mgn % ⓘ	16.6	15.6	18.9	16.9	18.7	16.2	10.5	17.3	13.2	16.4	16.2
Debt to Equity ⓘ	0.3	0.3	0.3	0.2	0.1	0	0.1	0	0.1	0	0
Working Cap Days ⓘ	398	412	399	363	422	430	423	316	304	282	188
Cash Conv. Cycle ⓘ	264	329	335	293	299	280	289	217	220	212	152

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 10.40%

Sales growth is growing at healthy rate in last 3 years 19.09%

Net Profit is growing at healthy rate in last 3 years 38.14%

Sales growth is good in last 4 quarters at 17.75%

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Latest Financials - Veljan Denison Ltd.

	Standalone	Consolidated
TTM EPS (₹)	47.6	49.9
TTM Sales (₹ Cr.)	133	146
BVPS (₹.) ⓘ	469.1	485.1
Reserves (₹ Cr.) ⓘ	207	214
P/BV ⓘ	3.14	3.04
PE ⓘ	30.95	29.53

From the Market
52 Week Low / High (₹)	887.50 / 2100.00
All Time Low / High (₹)	10.86 / 2100.00
Market Cap (₹ Cr.)	663
Equity (₹ Cr.)	4.5
Face Value (₹)	10
Industry PE ⓘ	47.6

Management X-Ray of Veljan Denison:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Veljan Denison

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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 Veljan Denison

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	79	80	77	96	88	83	74	98	111	124
Operating Expenses ⓘ	57	59	54	68	61	61	60	72	87	94
Manufacturing Costs	14	15	17	21	23	24	20	25	31	32
Material Costs	25	27	25	35	27	26	28	34	41	45
Employee Cost	7	7	8	7	7	7	7	8	10	11
Other Costs ⓘ	11	9	4	5	5	4	6	6	5	6
Operating Profit ⓘ	22	21	23	28	26	22	13	26	23	30
Operating Profit Margin (%)	27.7%	26.8%	30.0%	28.9%	29.8%	26.1%	18.3%	26.2%	21.1%	24.4%
Other Income ⓘ	3	0	1	1	1	1	2	2	2	3
Interest ⓘ	2	2	2	1	1	1	0	0	1	1
Depreciation ⓘ	3	2	3	3	3	4	5	5	5	5
Exceptional Items ⓘ	0	0	0	0	0	0	-1	0	0	0
Profit Before Tax ⓘ	20	18	19	25	23	18	9	23	20	27
Tax ⓘ	7	5	5	9	6	5	2	6	5	7
Profit After Tax	13	13	15	16	16	13	7	17	15	20
PAT Margin (%)	16.5%	15.6%	18.9%	16.9%	18.7%	16.2%	9.3%	17.2%	13.2%	16.4%
Adjusted EPS (₹)	29.0	27.9	32.3	36.2	36.3	29.9	15.2	37.5	32.4	45.3
Dividend Payout Ratio (%)	17%	18%	16%	14%	14%	17%	33%	17%	20%	19%

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	90	100	115	128	142	150	157	171	183	201
Share Capital ⓘ	2	2	2	2	2	2	2	2	2	2
Reserves ⓘ	88	98	113	126	140	148	155	169	181	198
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	26	25	33	21	18	6	10	7	9	7
Long Term Debt	0	5	3	2	0	0	0	0	0	0
Short Term Debt	26	20	30	19	18	6	10	7	9	7
Trade Payables	5	2	2	2	10	10	10	11	10	9
Others Liabilities ⓘ	15	11	11	14	14	12	12	13	16	15
Total Liabilities ⓘ	137	138	161	165	184	178	188	202	219	231
Fixed Assets
Gross Block	52	58	59	64	83	100	111	112	117	140
Accumulated Depreciation	29	32	34	37	40	44	49	53	58	62
Net Fixed Assetsⓘ	23	27	24	26	43	56	62	58	59	78
CWIP ⓘ	4	3	3	3	6	7	3	7	15	3
Investmentsⓘ	0	0	0	0	0	0	0	0	14	14
Inventories	18	15	20	17	26	38	38	45	53	60
Trade Receivables	63	68	59	65	52	37	29	33	28	29
Cash Equivalents	10	16	40	35	33	23	45	45	38	38
Others Assetsⓘ	19	9	14	17	25	19	11	13	12	11
Total Assets ⓘ	137	138	161	165	184	178	188	202	219	231

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 ⓘ	0	13	18	17	29	18	26	13	16	11
PBT ⓘ	20	18	19	25	23	18	10	23	20	27
Adjustment ⓘ	3	4	4	3	4	4	3	3	4	4
Changes in Working Capital ⓘ	-14	-1	2	-3	12	2	13	-7	-3	-14
Tax Paid ⓘ	-8	-8	-8	-8	-9	-6	1	-7	-5	-6
Cash Flow From Investing Activity ⓘ	-1	-1	-1	-6	-25	-10	-6	-15	-16	-6
Capex	-4	-1	-1	-7	-26	-11	-8	-9	-12	-9
Net Investments	0	0	0	0	0	0	0	0	0	0
Others ⓘ	3	0	0	1	1	1	2	-7	-4	3
Cash Flow From Financing Activityⓘ	3	-6	6	-15	-7	-18	3	-5	0	-5
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	6	-2	-1	-1	-1	0	0	0	0
Interest Paid ⓘ	-2	-2	-2	-1	-1	-1	0	0	-1	-1
Dividend Paid ⓘ	-2	-4	0	-2	-2	-5	0	-2	-1	-1
Others ⓘ	7	-6	10	-11	-1	-12	4	-3	3	-2
Net Cash Flow ⓘ	2	6	23	-4	-2	-11	23	-8	0	0

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 (%)	15.31	13.16	13.5	13.39	12.09	9.21	4.47	10.29	8.23	10.62
ROCE (%)	20.37	16.06	15.41	17.34	15.42	11.92	5.82	13.6	11.08	14.16
Asset Turnover Ratio	0.65	0.62	0.57	0.6	0.5	0.46	0.4	0.5	0.53	0.55
PAT to CFO Conversion(x)	0	1	1.2	1.06	1.81	1.38	3.71	0.76	1.07	0.55
Working Capital Days
Receivable Days	216	281	273	233	243	195	162	115	101	83
Inventory Days	77	70	76	71	91	140	187	155	162	165
Payable Days	66	47	31	21	82	144	129	111	93	77

Veljan Denison Ltd Stock News

Veljan Denison Ltd FAQs

What is the share price of Veljan Denison?

Company share prices are keep on changing according to the market conditions. The closing price of Veljan Denison on 21-Nov-2024 16:59 is ₹1,474.

What is the market cap of Veljan Denison?

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 Veljan Denison stood at ₹663.3.

What is the P/E ratio of Veljan Denison?

The latest P/E ratio of Veljan Denison as of 21-Nov-2024 16:59 is 30.95.

What is the P/B ratio of Veljan Denison?

The latest P/B ratio of Veljan Denison as of 21-Nov-2024 16:59 is 3.14.

What is the 52-week high and low of Veljan Denison?

The 52-week high of Veljan Denison is ₹2,100 and the 52-week low is ₹887.5.

What is the TTM revenue of Veljan Denison?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Veljan Denison is ₹132.6 ( Cr.) .

About Veljan Denison Ltd

Denison Hydraulics India, incorporated in 1973, is an industrial manufacturer and services hydraulic fluid power systems and components. Earlier known as Hagglunds Denisons, it got its present name with effect from May 01, 2001.

The company produces hydraulic pumps and motors including vane pumps and motors, piston pumps and motors, and radial piston motors; electronic components, HydraCOOL system, and OASIS system; valves and manifolds. The products find applications in mobile equipment and machinery used in the construction, demolition, mining, utilities, agricultural, industrial manufacturing industries and marine equipment used in commercial and military sea vessels. Located in the Medak district of Andhra Pradesh, the manufacturing plant has an installed capacity of 60,000 hydraulic pumps, valves, and accumulator cylinders. During the year ended December 31, 2008, the company produced hydraulic pumps, valves, motors and oil hydraulic equipment and others.

The registered office of the company is located at Plot No. 44, 4th Floor, HCL Towers, Chikoti Gardens, Hyderabad-500016, Andhra Pradesh.

Business areas of the company: