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Veedol Corporation

VEEDOL NSE
₹1,412.80 No trade today
P/E
11.20
View as Markdown
MCP
Close 4 Nov 2026 ₹1,412.80 −318.40 −18.4% 1Y
Start ₹1,731.20

Key Fundamentals

MicrocapPetroleum ProductsEnergy

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
24.10%
Debt to Equity
0.02
EPS (TTM)
₹126.19
Book Value
₹594.41
Market Cap
—
P/E (TTM)
11.20
P/B
2.38
ROE
19.50%
Dividend Yield
4.11%
EBITDA
₹245 Cr
52W High
₹1,844.80
52W Low
₹1,238.20
Volume
0

Peer Comparison

Energy › Petroleum Products › Lubricants

Veedol Corporation peer comparison
Castrol
₹194.9719.08₹19,194 Cr10.103.22%45.90%60.30%₹6,591 Cr₹1,011 Cr
Gulf Oil Lubricants
₹1,086.3014.06₹5,342 Cr3.284.70%24.10%27.20%₹4,315 Cr₹382 Cr
Savita Oil Technologies
₹675.6510.85₹4,737 Cr2.550.72%8.88%14.00%₹4,853 Cr₹427 Cr
Panama Petrochem
₹458.355.79₹2,807 Cr1.890.64%15.60%19.20%₹4,106 Cr₹479 Cr
Gandhar Oil Refinery
₹269.818.76₹2,657 Cr1.550.76%10.50%13.30%₹5,052 Cr₹317 Cr
Veedol Corporation (this company)
₹1,412.8011.20₹2,463 Cr2.384.11%19.50%24.10%₹2,263 Cr₹220 Cr
GP Petroleums
₹65.008.03₹326 Cr0.850.77%8.38%10.80%₹714 Cr₹40 Cr
Median 7 companies₹458.3510.85₹2,807 Cr2.380.77%15.60%19.20%₹4,315 Cr₹382 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

58 Good

Data confidence 100/100

Category scores

Quality
67
Strong
Returns, margins, earnings quality 22% weight
Valuation
65
Good
Cheap vs sector & own history 24% weight
Growth
49
Average
Sales & profit trajectory 9% weight
Financial Health
84
Strong
Solvency, leverage, coverage 9% weight
Momentum
37
Weak
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

4
  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is providing a good dividend yield of 4.29%.
  • Company has been maintaining a healthy dividend payout of 73.0%

Weaknesses

1
  • The company has delivered a poor sales growth of 11.5% over past five years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBullish649
OscillatorsBearish342
Moving AveragesStrong Bullish307

Key readings

RSI (14)
62.14
Neutral
MACD (12,26,9)
−2.17
Bullish
SMA (50)
1,389.83
Bullish
SMA (200)
1,415.89
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+8.34%
5Y+11.51%
3Y+5.37%
1Y+9.99%
TTM+12.92%

Net profit

Net profit growth by window
10Y+8.36%
5Y+6.37%
3Y+18.63%
1Y+13.61%
TTM+20.88%

Operating cash flow

Operating cash flow growth by window
10Y+4.33%
5Y+22.97%
3Y+23.50%
1Y+546.67%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−1.13 pp
5Y−2.57 pp
3Y+2.81 pp
1Y+0.53 pp
TTM+1.22 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹1,130 Cr
Mar 2018₹1,275 Cr
Mar 2019₹1,377 Cr
Mar 2020₹1,317 Cr
Mar 2021₹1,258 Cr
Mar 2022₹1,536 Cr
Mar 2023₹1,854 Cr
Mar 2024₹1,933 Cr
Mar 2025₹1,972 Cr
Mar 2026₹2,169 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹108 Cr
Mar 2018₹107 Cr
Mar 2019₹97.00 Cr
Mar 2020₹122 Cr
Mar 2021₹141 Cr
Mar 2022₹123 Cr
Mar 2023₹115 Cr
Mar 2024₹143 Cr
Mar 2025₹169 Cr
Mar 2026₹192 Cr

Quarterly Results

₹ Cr
VEEDOL quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
474
474
496
487
479
476
482
532
514
509
538
607
609
Expenses
435
433
455
439
437
430
444
464
455
456
486
544
510
Operating Profit
39
42
42
48
41
46
38
68
59
53
52
63
98
OPM %
8%
9%
8%
10%
9%
10%
8%
13%
11%
10%
10%
10%
16%
Other Income
8
5.04
8
12
14
9
7
10
13
11
13
12
12
Interest
0
0
1
0
1
1
1
1
1
1
0
1
0
Depreciation
4
4
4
4
5
8
7
8
8
8
9
10
8
PBT
42
45
45
55
50
46
37
69
64
55
56
64
102
Tax %
26%
22%
25%
23%
26%
25%
−1%
13%
22%
26%
22%
10%
23%
Net Profit
31
35
34
43
37
35
37
60
50
41
44
57
78
EPS (₹)
17.9
20.21
19.27
24.63
21.3
19.86
21.43
34.26
28.51
23.5
24.99
32.98
44.72

Profit & Loss

₹ Cr
VEEDOL profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,037
974
1,130
1,275
1,377
1,317
1,258
1,536
1,854
1,933
1,972
2,169
2,263
Expenses
956
860
994
1,136
1,246
1,178
1,094
1,388
1,712
1,760
1,776
1,941
1,997
Operating Profit
81
113
136
139
131
138
164
147
142
173
196
227
266
OPM %
8%
12%
12%
11%
9%
10%
13%
10%
8%
9%
10%
10%
12%
Other Income
163
24
35
32
32
38
38
30
22
31
38
48
48
Interest
1
1
3
3
2
2
2
2
1
2
4
2
2
Depreciation
11
7
9
9
10
12
14
15
15
15
29
34
34
PBT
232
129
159
159
149
161
185
160
147
187
202
238
276
Tax %
32%
39%
32%
33%
35%
24%
24%
23%
22%
24%
16%
20%
—
Net Profit
159
86
108
107
97
122
141
123
115
143
169
192
220
EPS (₹)
92.18
49.39
61.87
61.05
55.41
69.75
80.76
70.54
65.76
82.03
96.85
110
126
Div. Payout %
19%
50%
47%
56%
82%
70%
72%
76%
62%
62%
54%
103%
—

Balance Sheet

₹ Cr
VEEDOL balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
0.85
2
2
2
2
2
2
3
3
3
3
3
Reserves
499
585
611
649
638
679
735
716
761
824
911
1,032
Borrowings
21
28
29
42
39
38
18
14
5
1
22
16
Other Liabilities
217
231
255
256
249
248
286
302
330
320
320
353
Total Liabilities
738
846
897
949
928
967
1,040
1,036
1,099
1,149
1,256
1,405
Fixed Assets
194
148
231
242
249
263
277
270
272
294
340
351
CWIP
0
2
0
3
2
12
4
3
2
10
7
8
Investments
0
68
65
70
69
76
74
70
70
73
78
82
Other Assets
544
628
600
634
608
616
686
692
756
771
830
963
Total Assets
738
846
897
949
928
967
1,040
1,036
1,099
1,149
1,256
1,405

Cash Flow

₹ Cr
VEEDOL cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
80
127
35
94
79
133
69
93
103
156
30
194
Investing
45
−7
24
−86
−1
−49
39
37
6
−92
73
53
Financing
−20
−36
−56
−58
−110
−80
−102
−142
−81
−86
−99
−122
Net Cash Flow
105
83
2
−49
−31
4
6
−11
28
−21
4
125
Free Cash Flow
143
112
14
77
65
101
51
85
89
109
−12
160
CFO/OP
142
158
71
108
103
124
62
86
94
114
38
109

Ratios

VEEDOL financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
63
62
65
54
52
42
47
50
47
42
54
58
Inventory Days
84
105
115
93
85
102
150
109
90
84
104
93
Days Payable
60
89
96
90
80
87
107
79
64
47
51
59
Cash Conversion Cycle
87
78
84
57
56
56
90
80
73
79
107
92
Working Capital Days
62
41
65
54
53
48
71
66
59
86
92
71
ROCE %
18%
23%
26%
24%
22%
23%
26%
22%
20%
24%
24%
24%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Veedol Corporation insights

62 extracted metrics across FY15–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 64.58%
  • Public 26.78%
  • Others 6.46%
  • DIIs 1.16%
  • FIIs 1.01%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Veedol Corporation

What does Veedol Corporation Ltd do?
Veedol Corporation Ltd, formerly Tide Water Oil Co. (India) Ltd, manufactures and markets automotive, OEM and industrial lubricants, greases, transmission fluids, coolants, EV fluids and vehicle-care products under the Veedol and ENEOS brands.
Where is Veedol Corporation Ltd (VEEDOL) listed?
Veedol Corporation Ltd trades as VEEDOL on the NSE and under code 590005 on the BSE.
Which sector does Veedol Corporation Ltd belong to?
Veedol Corporation Ltd is classified under the Petroleum Products sector, in the Lubricants industry.
What is the PE ratio of Veedol Corporation Ltd?
Veedol Corporation Ltd trades at a PE ratio of 11.20 as of 4 Nov 2026, on earnings per share of ₹126.19, against a book value of ₹594.41 per share.
What is the 52-week high and low of Veedol Corporation Ltd?
Over the last 52 weeks Veedol Corporation Ltd has traded between ₹1,238.2 and ₹1,844.8 as of 4 Nov 2026.
Does Veedol Corporation Ltd pay dividends?
Veedol Corporation Ltd has a dividend yield of 4.11%.
What is the Return on Equity (ROE) of Veedol Corporation Ltd?
Veedol Corporation Ltd reported a return on equity of 19.50%. Its debt-to-equity ratio is 0.02.

Company Information

Veedol Corporation Ltd, formerly Tide Water Oil Co. (India) Ltd, manufactures and markets automotive, OEM and industrial lubricants, greases, transmission fluids, coolants, EV fluids and vehicle-care products under the Veedol and ENEOS brands. It operates five Indian plants, has subsidiaries in the UK and UAE and sells across 70+ countries.

Website veedolindia.com
Listed 16 Jan 2007
Face Value ₹2

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