---
title: "Vadilal Dairy International Ltd (519451) — Share Price, Financials & Analysis"
symbol: "519451"
company: "Vadilal Dairy International Ltd"
canonical: "https://tapetide.com/stocks/519451"
isin: "INE159T01016"
bse_code: "519451"
sector: "Fast Moving Consumer Goods"
industry: "Food Products"
generated_at: "2026-09-13T19:38:27.943Z"
---

# Vadilal Dairy International Ltd (519451)

Canonical page: https://tapetide.com/stocks/519451

## Company

- **BSE Code:** 519451
- **ISIN:** INE159T01016
- **Sector:** Fast Moving Consumer Goods
- **Industry:** Food Products
- **Macro Sector:** Fast Moving Consumer Goods
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** vadilal.net

## About

Vadilal Dairy International is engaged in the manufacturing and selling of Ice Cream and Frozen Desserts. The Company caters to the domestic markets.(Source : 202203 Annual Report Pg No. 62)

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of -17.1% over last 3 years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.2.28 Cr.
- Debtor days have increased from 61.5 to 83.5 days.
- Working capital days have increased from 49.2 days to 75.2 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 131% | 7% | 12% |
| revenue growth | -9% | -6% | 18% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 2.79 | 3.68 | 6.11 | 9.88 | 3.15 | 4.58 | 9.02 | 11.39 | 2.83 | 3.38 | 6.57 | 12.75 |
| Expenses | 4.25 | 4.01 | 5.72 | 8.72 | 4.42 | 5.43 | 7.43 | 10.63 | 4.7 | 4.18 | 5.57 | 11.15 |
| Operating Profit | -1.46 | -0.33 | 0.39 | 1.16 | -1.27 | -0.85 | 1.59 | 0.76 | -1.87 | -0.8 | 1 | 1.6 |
| OPM % | -52.33 | -8.97 | 6.38 | 11.74 | -40.32 | -18.56 | 17.63 | 6.67 | -66.08 | -23.67 | 15.22 | 12.55 |
| Other Income | 0.02 | 0 | 0.4 | 0.01 | 0 | 0.01 | 0.45 | 0 | 0.02 | 0.6 | 1.47 | 0.19 |
| Interest | 0.06 | 0.08 | 0.11 | 0.1 | 0.11 | 0.06 | 0.12 | 0.07 | 0.1 | 0.1 | 0.11 | 0.09 |
| Depreciation | 0.5 | 0.5 | 0.51 | 0.44 | 0.44 | 0.44 | 0.44 | 0.41 | 0.42 | 0.42 | 0.42 | 0.43 |
| Profit before tax | -2 | -0.91 | 0.17 | 0.63 | -1.82 | -1.34 | 1.48 | 0.28 | -2.37 | -0.72 | 1.94 | 1.27 |
| Tax % | -23.5 | -36.26 | 347.06 | 25.4 | -19.78 | -17.91 | 19.59 | -10.71 | -0.84 | 8.33 | -9.79 | -3.15 |
| Net Profit | -1.53 | -0.57 | -0.42 | 0.48 | -1.46 | -1.1 | 1.19 | 0.3 | -2.34 | -0.77 | 2.13 | 1.31 |
| EPS in Rs | -4.79 | -1.78 | -1.31 | 1.5 | -4.57 | -3.44 | 3.73 | 0.94 | -7.33 | -2.41 | 6.67 | 4.1 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 43.21 | 46.21 | 37.63 | 10.52 | 17.97 | 28.83 | 25.02 | 26.63 | 24.17 | 25.53 |
| Expenses | 38.25 | 41.23 | 36.25 | 12.24 | 17.72 | 28.21 | 24.91 | 25.99 | 25.08 | 25.6 |
| Operating Profit | 4.96 | 4.98 | 1.38 | -1.72 | 0.25 | 0.62 | 0.11 | 0.64 | -0.91 | -0.07 |
| OPM % | 11.48 | 10.78 | 3.67 | -16.35 | 1.39 | 2.15 | 0.44 | 2.4 | -3.76 | -0.27 |
| Other Income | 1.78 | 0.82 | 0.07 | 0.08 | 0.26 | 0.35 | 0.44 | 0.46 | 2.09 | 2.28 |
| Interest | 0.93 | 0.85 | 0.96 | 0.04 | 0.09 | 0.16 | 0.3 | 0.39 | 0.37 | 0.4 |
| Depreciation | 1.79 | 2.03 | 2.25 | 2.22 | 2.21 | 1.96 | 2 | 1.75 | 1.66 | 1.69 |
| Profit before tax | 4.02 | 2.92 | -1.76 | -3.9 | -1.79 | -1.15 | -1.75 | -1.04 | -0.85 | 0.12 |
| Tax % | 29.85 | 41.1 | 13.07 | -23.85 | -15.08 | -23.48 | 1.71 | -14.42 | -21.18 | — |
| Net Profit | 2.83 | 1.71 | -1.99 | -2.97 | -1.52 | -0.88 | -1.78 | -0.89 | -0.68 | 0.33 |
| EPS in Rs | 8.86 | 5.35 | -6.23 | -9.3 | -4.76 | -2.75 | -5.57 | -2.79 | -2.13 | 1.03 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 3.19 | 3.19 | 3.19 | 3.19 | 3.19 | 3.19 | 3.19 | 3.19 | 3.19 | 3.19 |
| Reserves | 9.36 | 12.27 | 12.87 | 10.69 | 7.72 | 6.27 | 5.45 | 3.59 | 2.73 | 2.03 |
| Borrowings | 9.28 | 11.74 | 9.63 | 8.31 | 8.14 | 8.83 | 9.82 | 11.97 | 13.59 | 15.8 |
| Other Liabilities | 13.5 | 11.52 | 12.85 | 10.38 | 7.42 | 6.14 | 8.19 | 6.86 | 7.7 | 6.77 |
| Total Liabilities | 35.33 | 38.72 | 38.54 | 32.57 | 26.47 | 24.43 | 26.65 | 25.61 | 27.21 | 27.79 |
| Fixed Assets | 13 | 12.77 | 14.21 | 12.73 | 10.53 | 8.79 | 8.63 | 7.37 | 7.7 | 6.81 |
| CWIP | 0.11 | 0.12 | 0.15 | 0.15 | 0.15 | 0 | 0 | 0 | 0 | 0 |
| Investments | 3.19 | 3.79 | 3.64 | 0.81 | 0.23 | 0.13 | 0.13 | 0.14 | 0.12 | 0.18 |
| Other Assets | 19.03 | 22.04 | 20.54 | 18.88 | 15.56 | 15.51 | 17.89 | 18.1 | 19.39 | 20.8 |
| Total Assets | 35.33 | 38.72 | 38.54 | 32.57 | 26.47 | 24.43 | 26.65 | 25.61 | 27.21 | 27.79 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 1.44 | -1.06 | 6.51 | 0.08 | -1.3 | -1.53 | -2.52 | -1.49 | 0.22 | -3.17 |
| Cash from Investing Activity | -1.64 | -0.95 | -2.6 | 1.62 | 0.56 | -0.02 | -1.84 | -0.81 | -2.07 | -0.84 |
| Cash from Financing Activity | 0.42 | 1.59 | -4.25 | -2.28 | -0.2 | 0.6 | 1.67 | 2.08 | 1.84 | 3.89 |
| Net Cash Flow | 0.22 | -0.42 | -0.35 | -0.58 | -0.94 | -0.95 | -2.69 | -0.21 | -0.01 | -0.11 |
| Free Cash Flow | -1.71 | -2.63 | 3.59 | -0.69 | -1.31 | -1.84 | -4.32 | -2.28 | -1.86 | -3.95 |
| CFO/OP | 33 | -21 | 131 | 6 | 76 | -612 | -406 | -1355 | 34 | 348 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 17.92 | 26.95 | 25.35 | 29.2 | 94.37 | 31.08 | 28.61 | 44.79 | 56.2 | 83.51 |
| Inventory Days | 156.62 | 163.05 | 150.6 | 150.23 | 209.12 | 312.21 | 323.06 | 300.92 | 286.35 | 298.81 |
| Days Payable | 130.29 | 92.76 | 154.99 | 128.3 | 255.95 | 196.98 | 167.77 | 126.43 | 140.96 | 115.99 |
| Cash Conversion Cycle | 44.25 | 97.24 | 20.97 | 51.13 | 47.54 | 146.31 | 183.9 | 219.28 | 201.58 | 266.33 |
| Working Capital Days | -15.37 | 14.44 | -4.03 | 34.24 | 41.63 | 26.41 | 30.76 | 32.53 | 39.75 | 75.2 |
| ROCE % | 22.47 | 20.64 | 14.67 | -1.5 | -18.14 | -9.43 | -5.39 | -7.79 | -3.4 | -2.37 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 92.71% | 92.71% | 92.71% | 92.71% | 92.71% | 92.71% | 92.71% | 92.71% | 92.71% | 92.71% | 92.71% |
| DIIs | 1.57% | 2.09% | 2.09% | 2.09% | 2.09% | 2.09% | 2.09% | 2.09% | 2.09% | 1.57% | 1.57% |
| Government | 0.52% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.52% | 0.52% |
| Public | 5.2% | 5.2% | 5.2% | 5.2% | 5.2% | 5.2% | 5.2% | 5.2% | 5.2% | 5.19% | 5.19% |
| No. of Shareholders | 5431 | 5430 | 5420 | 5420 | 5420 | 5417 | 5401 | 5401 | 5399 | 5394 | 5394 |

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 92.71% | 92.71% | 92.71% | 92.71% | 92.71% | 92.71% | 92.71% | 92.71% | 92.71% | 92.71% | 92.71% | 92.71% |
| DIIs | 2.09% | 2.09% | 2.09% | 2.09% | 2.09% | 2.09% | 2.09% | 1.57% | 1.57% | 1.57% | 1.57% | 1.57% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.52% | 0.52% | 0.52% | 0.52% | 0.52% |
| Public | 5.2% | 5.2% | 5.2% | 5.2% | 5.2% | 5.2% | 5.2% | 5.19% | 5.19% | 5.19% | 5.19% | 5.19% |
| No. of Shareholders | 5401 | 5402 | 5401 | 5399 | 5399 | 5399 | 5399 | 5398 | 5397 | 5396 | 5394 | 5394 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 1 / 7 / 11

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 136.13 | Buy |
| EMA (10) | 136.89 | Sell |
| SMA (20) | 138.62 | Sell |
| EMA (20) | 137.52 | Sell |
| SMA (50) | 139.02 | Sell |
| EMA (50) | 139.41 | Sell |
| SMA (100) | 143.24 | Sell |
| EMA (100) | 143.15 | Sell |
| SMA (200) | 152.9 | Sell |
| EMA (200) | 151.22 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 47.7 | Neutral |
| MACD (12,26,9) | -0.84 | Sell |
| Stochastic (14,3,3) | 55.9 | Neutral |
| ADX (14) | 12.41 | Neutral |
| Williams %R (14) | -48.06 | Neutral |
| ATR (14) | 5.15 | High Volatility |
| ROC (12) | -0.95 | Sell |
| Stoch RSI (14) | 69.28 | Neutral |
| UO (7,14,28) | 53.91 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-05 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=94424495-d7f2-4fa5-9544-e0d2e86b4412.pdf) |
| 2026-09-04 | [Board Meeting Outcome for Board Meeting Outcome For Submission Of Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c1725d94-adc3-488d-bbfb-6d06ec63de3e.pdf) |
| 2026-09-04 | [Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f41a3184-172f-41cf-8775-45fe776db28a.pdf) |
| 2026-09-04 | [Intimation For Book Closure Date For AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=68185eef-53a1-4316-b444-80717597bb7b.pdf) |
| 2026-09-04 | [Intimation Of Record Date Of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3c4e6580-8e50-45b8-8a84-eacd58971c07.pdf) |
| 2026-09-04 | [Submission Of Notice Of 39Th Annual General Meeting Of The Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a336b838-dba8-4f22-8aa4-ef3823642519.pdf) |
| 2026-09-04 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3d478668-d59a-4087-960f-b74ba988640d.pdf) |
| 2026-09-04 | [Letter To Shareholders Holding Shares In Physical Form](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=61108541-7458-4d23-8c2c-02f08c0b8c4c.pdf) |
| 2026-08-14 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=547d91ab-944e-4a01-9c61-6757d56777a0.pdf) |
| 2026-08-13 | [Board Meeting Outcome for Submission Of Outcome Of Board Meeting Along With Un- Audited Financial Results Along With Limited Review Report For The Quarter Ended 30Th June 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=eb80395d-7d59-4543-a001-875a36b7332c.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 5 Feb - Board meeting 13 Feb 2026 to approve un-audited results for quarter ended 31 Dec 2025; trading window closed. | [Board Meeting Intimation for Board Meeting Intimation For Consideration And Approval Of : 1. The Un-Audited Financial Results Along With Limited Review Report For The Quarter Ended 31St Dec, 2025. 2. Any Other Agenda With The Permission Of Chair. 5 Feb - Board meeting 13 Feb 2026 to approve un-audited results for quarter ended 31 Dec 2025; trading window closed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4b8b65d5-66ba-4dff-9e64-b26d57f94fa1.pdf) |
| 4 Feb - Board meeting Feb 11, 2026 to approve unaudited Q3/9M results for Dec 31, 2025; trading window closed. | [Board Meeting Intimation for Board Meeting Intimation For Meeting Of The Board Of The Company - Wednesday, February 11, 2026. 4 Feb - Board meeting Feb 11, 2026 to approve unaudited Q3/9M results for Dec 31, 2025; trading window closed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d4f0fe58-38d4-485b-b8df-0ac072341a8d.pdf) |
| 22 Apr - Company հայտնում it is not a Large Corporate under SEBI circular for FY2026. | [Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 22 Apr - Company հայտնում it is not a Large Corporate under SEBI circular for FY2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/72f3e51a-e8e3-4970-8924-94eaba969d2d.pdf) |
| 22 Apr - Company states it is not a SEBI Large Corporate for FY2026. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 22 Apr - Company states it is not a SEBI Large Corporate for FY2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b03cab29-9edb-40e4-ac77-4d77c41038cc.pdf) |
| 18h - Company հայտնում it is not a Large Corporate under SEBI circular for FY2026. | [Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 18h - Company հայտնում it is not a Large Corporate under SEBI circular for FY2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/72f3e51a-e8e3-4970-8924-94eaba969d2d.pdf) |
| 18h - Company states it is not a SEBI Large Corporate for FY2026. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 18h - Company states it is not a SEBI Large Corporate for FY2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/b03cab29-9edb-40e4-ac77-4d77c41038cc.pdf) |
| 15 Apr - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 15 Apr - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1093f8f7-e3ae-432a-8e7a-95328c393185.pdf) |
| 14 Feb - News paper clipping of financial results for Quarter ended 31.12.2025 published on 14.02.2026. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 14 Feb - News paper clipping of financial results for Quarter ended 31.12.2025 published on 14.02.2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/032f9247-35dc-4513-a03d-a0d32712be09.pdf) |
| 13 Feb - Investor presentation for unaudited financial results for quarter and nine months ended December 31, 2025 | [Announcement under Regulation 30 (LODR)-Investor Presentation 13 Feb - Investor presentation for unaudited financial results for quarter and nine months ended December 31, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/92065b38-3095-4e25-9446-adadb03d5a6a.pdf) |
| 13 Feb - Board approved unaudited Q3 results for quarter ended 31-Dec-2025; reported loss ₹71.14. | [Board Meeting Outcome for Board Meeting Outcome For Submission Of Outcome Of Board Meeting Along With Un- Audited Financial Results Along With Limited Review Report For The Quarter Ended 31St December, 2025. 13 Feb - Board approved unaudited Q3 results for quarter ended 31-Dec-2025; reported loss ₹71.14.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0ba174f4-42bb-42cb-a792-6d7f36c45a48.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/db4808d2-8a42-4cb3-a137-ee1f869b1808.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/586daf9b-ed56-4f28-ad0e-7bd596bc0a75.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6da19283-11c7-475b-a1b1-9d2d8255a5ce.pdf) |
| Feb 2025 | [Concall - Feb 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5484ab57-3fc2-47ca-b178-7b0de20e86e0.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c8863367-8f8f-4c74-9c76-55a108b2e2ab.pdf) |
| Aug 2024 | [Concall - Aug 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/091ce2c9-aec1-43a3-89af-7a6611fb41ce.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5ebfc0ea-0ad0-43c3-a3f0-0fea159a1941.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a6fb6d2c-e52b-4a22-a267-ec85f877f9ac.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:38:27.943Z.