Vesuvius logo

Vesuvius

VESUVIUS NSE

Key Fundamentals

MicrocapElectrodes & RefractoriesIndustrial Products
Market Cap
₹8,436 Cr
Volatility
Moderate
P/E Ratio
32.76
EBITDA
₹419 Cr
Return on Equity
15.87%
Debt to Equity
0.01
Book Value
₹86.16
EPS
₹124.87
52W High
₹607.9
52W Low
₹403.95

Tapetide Score

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

Key Insights

Strengths

2
  • Company is almost debt free.
  • Company has delivered good profit growth of 34.4% CAGR over last 5 years

Growth Rate

Revenue Growth
12.85% lower than 3Y
Net Income Growth
-0.15% lower than 3Y
Cash Flow Change
-31.25% lower than 3Y
ROE
-14.17% lower than 3Y
ROCE
-11.9% lower than 3Y
EBITDA Margin (Avg.)
-6.15% lower than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 69d ago
AI opinion · based on fundamentals
Risk medium

Vesuvius India Ltd is a nearly debt-free refractory and flow-control specialist with a market cap of ~₹9,480 Cr, trading at a PE of 36.7x. The company has delivered 34% profit CAGR over 5 years and 12% TTM sales growth, but profit growth has decelerated sharply to 2% TTM while the stock has declined 13% over the past year.

Bull Case 8
  • Nearly debt-free balance sheet provides financial resilience and flexibility for capacity expansion without dilution or interest burden
  • Strong 5-year compounded profit growth of 34% CAGR demonstrates sustained earnings momentum over a meaningful period
  • 3-year ROE averaging 17% and last-year ROE of 15% indicate efficient capital deployment well above cost of equity
  • India's steel capacity expansion — with refractory demand projected to grow at ~4.5% CAGR globally to USD 44 billion by 2033 — provides a structural tailwind as Vesuvius India's primary end-market
  • Promoter (Vesuvius Group UK) holds a stable 55.57% stake, providing technology transfer access and global best practices from a world leader in metal flow engineering
  • Parent company completed a £100m India investment program in 2025 including new alumina-silica and monolithic plants in Visakhapatnam, expanding domestic capacity
  • TTM revenue growth of 12% and 3-year sales CAGR of 16% show consistent top-line expansion above GDP growth rates
  • Q4 CY2024 sales grew 22% YoY to ₹509 Cr, signaling continued market share gains or volume ramp-up from new capacity
Bear Case 8
  • PE ratio of 36.7x is elevated for an industrials/materials company, pricing in significant future growth that may already be reflected
  • TTM profit growth has decelerated sharply to just 2% versus 26% 3-year CAGR, indicating margin compression or rising input costs
  • Stock has declined 13% over the past 1 year despite broader market strength, suggesting the market is repricing growth expectations
  • Dividend yield of just 0.32% offers minimal income support, providing little downside cushion during corrections
  • Price-to-book ratio of 5.75x leaves limited margin of safety — book value provides a distant floor relative to market price
  • Q4 CY2024 net profit fell 12.5% sequentially despite 22% YoY sales growth, indicating margin pressure from higher costs or unfavorable product mix
  • Heavy dependence on India's steel and foundry sector creates concentration risk — any cyclical downturn in steel production directly impacts demand
  • Limited free float of 44.4% with institutional holding at ~26.6% can lead to low liquidity and higher price volatility during sell-offs

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 69d ago
Neutral 1
  • Trading window closed for insiders Jun 22

    Vesuvius India shut its trading window for insiders from July 1, 2026, until 48 hours after Q2FY26 results are declared. This is a routine regulatory compliance measure ahead of quarterly earnings.

TL;DR: Limited recent news flow for Vesuvius India. The only development is a routine trading window closure ahead of Q2FY26 results, which signals earnings are approaching but carries no directional implication. Watch for the upcoming quarterly results for fresh fundamental signals.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
405
413
417
453
462
444
509
482
524
547
551
500
536
Expenses
335
331
337
358
371
365
427
399
433
455
457
416
450
Operating Profit
70
82
80
95
92
79
82
83
91
92
94
84
87
OPM %
17%
20%
19%
21%
20%
18%
16%
17%
17%
17%
17%
17%
16%
Other Income
8
8
7
8
10
23
7
10
8
7
34
9
10
Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
Depreciation
8
9
11
10
11
12
13
13
15
17
17
17
18
PBT
70
81
76
92
90
90
76
80
85
83
109
75
79
Tax %
25%
25%
25%
25%
26%
24%
22%
26%
26%
26%
27%
26%
26%
Net Profit
52
60
57
69
67
68
60
59
63
62
80
56
59
EPS in Rs
2.57
2.97
2.81
3.39
3.32
3.37
2.95
2.92
3.1
3.03
3.95
2.75
2.88
Figures in ₹ Crores

Profit & Loss

Particulars Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025TTM
Sales
652
700
822
911
925
887
792
1,047
1,343
1,603
1,869
2,104
2,134
Expenses
552
574
670
745
777
766
714
947
1,178
1,314
1,518
1,743
1,778
Operating Profit
101
126
152
167
148
121
77
100
165
289
350
361
356
OPM %
15%
18%
18%
18%
16%
14%
10%
10%
12%
18%
19%
17%
17%
Other Income
9
10
13
9
23
29
21
20
23
35
48
59
60
Interest
0
1
1
1
1
1
1
1
1
2
4
2
1
Depreciation
19
23
27
30
28
27
26
27
30
36
46
62
69
PBT
90
112
136
145
142
123
72
92
157
285
349
356
346
Tax %
34%
35%
35%
35%
35%
31%
26%
26%
26%
25%
24%
26%
—
Net Profit
59
74
89
94
93
86
53
68
117
213
265
264
256
EPS in Rs
2.91
3.63
4.38
4.65
4.56
4.21
2.61
3.35
5.75
10.49
13.03
13.01
12.61
Div. Payout %
24%
17%
15%
15%
15%
21%
27%
24%
14%
12%
11%
12%
—
Figures in ₹ Crores

Balance Sheet

Particulars Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025Jun 2026
Equity Capital
20
20
20
20
20
20
20
20
20
20
20
20
20
Reserves
419
477
562
641
717
784
822
876
977
1,173
1,411
1,644
1,728
Borrowings
0
0
0
0
0
0
0
0
0
13
13
14
14
Other Liabilities
139
147
161
193
188
177
216
292
333
382
402
472
452
Total Liabilities
578
644
743
854
925
981
1,058
1,188
1,331
1,589
1,847
2,150
2,215
Fixed Assets
132
131
124
113
121
124
120
116
194
316
434
622
628
CWIP
20
14
16
38
26
28
21
27
38
86
196
52
47
Investments
0
0
0
0
0
0
0
0
0
0
0
0
0
Other Assets
426
499
603
703
779
829
917
1,045
1,098
1,187
1,217
1,476
1,540
Total Assets
578
644
743
854
925
981
1,058
1,188
1,331
1,589
1,847
2,150
2,215
Figures in ₹ Crores

Cash Flow

Particulars Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating
65
54
50
191
95
74
102
27
128
82
258
177
Investing
-28
-21
21
2
-310
297
-503
-39
-6
-37
-233
-18
Financing
-14
-15
-15
-16
-17
-17
-14
-14
-16
-18
-27
-30
Net Cash Flow
23
18
56
177
-231
354
-415
-26
106
28
-1
130
Free Cash Flow
43
23
29
151
70
43
87
-5
16
-117
16
102
CFO/OP
98
75
68
149
99
93
158
54
108
52
93
78
Figures in ₹ Crores

Ratios

Particulars Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Debtor Days
105
118
119
88
72
77
75
57
57
74
75
84
Inventory Days
69
68
77
69
84
77
91
124
92
105
87
92
Days Payable
87
97
98
111
98
89
122
130
112
118
104
114
Cash Conversion Cycle
87
90
98
46
58
65
44
52
38
60
58
62
Working Capital Days
82
91
102
59
58
63
51
55
41
65
62
69
ROCE %
22%
24%
25%
24%
20%
16%
9%
11%
17%
26%
25%
21%

Insights

Beta

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

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42 extracted metrics + investor summaries across FY14–FY26.

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Shareholding Pattern

FIIs4.56%Govt.0.01%Promot.55.57%Others5.01%Public12.82%DIIs22.03%As ofJun 2026

Documents

Frequently Asked Questions about Vesuvius

What does Vesuvius India Ltd do?
Incorporated in 1991, Vesuvius India Ltd manufactures and trades refractory goods[1]
Where is Vesuvius India Ltd (VESUVIUS) listed?
Vesuvius India Ltd trades as VESUVIUS on the NSE and under code 520113 on the BSE.
Which sector does Vesuvius India Ltd belong to?
Vesuvius India Ltd is classified under the Industrials sector, in the Industrial Products industry.
What is the market capitalisation of Vesuvius India Ltd?
Vesuvius India Ltd has a market capitalisation of ₹8,436 Cr, which places it in the Mid Cap band.
What is the PE ratio of Vesuvius India Ltd?
Vesuvius India Ltd trades at a PE ratio of 32.76, on earnings per share of ₹124.87, against a book value of ₹86.16 per share.
What is the 52-week high and low of Vesuvius India Ltd?
Over the last 52 weeks Vesuvius India Ltd has traded between ₹403.95 and ₹607.9.
Does Vesuvius India Ltd pay dividends?
Vesuvius India Ltd has a dividend yield of 0.36%.
What is the Return on Equity (ROE) of Vesuvius India Ltd?
Vesuvius India Ltd reported a return on equity of 15.87%. Its debt-to-equity ratio is 0.01.

Company Information

Incorporated in 1991, Vesuvius India Ltd manufactures and trades refractory goods[1]

Website vesuvius.com
CEO Mr. Mohinder Pradip Singh Rajput
Employees 612
Listed 2002-10-04
Face Value ₹ 1
Issued Size 20,29,60,800

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