Veedol Corporation logo

Veedol Corporation

VEEDOL NSE

Key Fundamentals

MicrocapLubricantsPetroleum Products
Market Cap
₹2,478 Cr
Volatility
Moderate
P/E Ratio
11.32
EBITDA
₹245 Cr
Return on Equity
18.5%
Debt to Equity
0.02
Book Value
₹594.41
EPS
₹85.42
52W High
₹2,035
52W Low
₹1,238.2

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Key Insights

Strengths

4
  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is providing a good dividend yield of 4.06%.
  • 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.

Growth Rate

Revenue Growth
9.92% higher than 3Y
Net Income Growth
13.51% lower than 3Y
Cash Flow Change
552% higher than 3Y
ROE
0.22% lower than 3Y
ROCE
6.27% higher than 3Y
EBITDA Margin (Avg.)
4.58% lower than 3Y

Quarterly Results

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
8
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 in Rs
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
Figures in ₹ Crores

Profit & Loss

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 in Rs
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%
—
Figures in ₹ Crores

Balance Sheet

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
Figures in ₹ Crores

Cash Flow

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
Figures in ₹ Crores

Ratios

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

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Shareholding Pattern

FIIs1.02%Promot.64.58%DIIs1.16%Others6.40%Public26.83%As ofJun 2026

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. It operates five Indian plants, has subsidiaries in ...
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 Energy sector, in the Petroleum Products industry.
What is the market capitalisation of Veedol Corporation Ltd?
Veedol Corporation Ltd has a market capitalisation of ₹2,478 Cr, which places it in the Small Cap band.
What is the PE ratio of Veedol Corporation Ltd?
Veedol Corporation Ltd trades at a PE ratio of 11.32, on earnings per share of ₹85.42, 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 ₹2,035.
Does Veedol Corporation Ltd pay dividends?
Veedol Corporation Ltd has a dividend yield of 4.03%.
What is the Return on Equity (ROE) of Veedol Corporation Ltd?
Veedol Corporation Ltd reported a return on equity of 18.50%. 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.[1] [2]

Website veedolindia.com
Listed 2007-01-16
Face Value ₹ 2
Issued Size 1,74,24,000

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