Veedol Corporation Ltd
VEEDOL NSE
Veedol Corporation Ltd
EnergyNSE: VEEDOL BSE: 590005 Petroleum Products
Key Fundamentals
MicrocapLubricantsPetroleum ProductsMarket Cap
₹2,608 Cr
Volatility
Moderate
P/E Ratio
11.7
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
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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29 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
4- Company has reduced debt.
- Company is almost debt free.
- Stock is providing a good dividend yield of 3.86%.
- 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% ↗
Net Income Growth
13.51% ↘
Cash Flow Change
552.05% ↗
ROE
0.22% ↘
ROCE
6.27% ↘
EBITDA Margin (Avg.)
4.58% ↘
Quarterly Results
| Jun 2023 | 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 | 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 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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% |
Documents
1
Board Meeting Intimation for Consideration Of Audited Financial Results For The Quarter And Year Ended 31St March, 2026 And Recommendation Of Final Dividend For 2025-26
10h - Board meeting on 20 May 2026 to consider audited FY26 results, final dividend, and book closure. 10h - Board meeting on 20 May 2026 to consider audited FY26 results, final dividend, and book closure.
2
Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015, As Amended - Receipt Of Insurance Claim Repudiation Letter
2d - National Insurance repudiated Veedol’s fire-loss claim on 8 May 2026; company is evaluating remedies. 2d - National Insurance repudiated Veedol’s fire-loss claim on 8 May 2026; company is evaluating remedies.
3
Announcement under Regulation 30 (LODR)-Resignation of Managing Director
5 May - Mr. Arijit Basu resigns as Managing Director, effective close of business on 3 November 2026. 5 May - Mr. Arijit Basu resigns as Managing Director, effective close of business on 3 November 2026.
4
Announcement under Regulation 30 (LODR)-Resignation of Managing Director
5 May - Managing Director Arijit Basu resigns; last working day 3 November 2026. 5 May - Managing Director Arijit Basu resigns; last working day 3 November 2026.
5
Announcement under Regulation 30 (LODR)-Change in Management
5 May - Mr. Mandar Ghatnekar, Head-Marketing (SMP), resigns effective close of business on 3 August 2026. 5 May - Mr. Mandar Ghatnekar, Head-Marketing (SMP), resigns effective close of business on 3 August 2026.
Frequently Asked Questions about Veedol Corporation Ltd
What does Veedol Corporation Ltd do?
Tide Water Oil Co. Ltd. is a leading manufacturer and marketer of lubricants in over 65 countries around the globe. In India, it has been catering to both automotive and industrial segments since 1928 under the brand “Veedol''. [1]
Where is Veedol Corporation Ltd (VEEDOL) listed?
Veedol Corporation Ltd is listed on the Indian stock exchanges. It is listed on NSE: VEEDOL and BSE: 590005. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Veedol Corporation Ltd belong to?
Veedol Corporation Ltd operates in the Energy sector within the Petroleum Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Veedol Corporation Ltd?
Veedol Corporation Ltd has a market capitalisation of approximately ₹2608.02 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Veedol Corporation Ltd?
The Price-to-Earnings (PE) ratio of Veedol Corporation Ltd is 11.70. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Veedol Corporation Ltd?
Over the past 52 weeks, Veedol Corporation Ltd has traded between a low of ₹1,238.2 and a high of ₹2,035. This range helps investors understand the stock's price volatility and recent trading levels.
Does Veedol Corporation Ltd pay dividends?
Yes, Veedol Corporation Ltd has a dividend yield of 3.86%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Veedol Corporation Ltd?
Veedol Corporation Ltd has a Return on Equity (ROE) of 18.50%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Veedol Corporation Ltd on Tapetide?
On Tapetide, you can view Veedol Corporation Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Tide Water Oil Co. Ltd. is a leading manufacturer and marketer of lubricants in over 65 countries around the globe. In India, it has been catering to both automotive and industrial segments since 1928 under the brand “Veedol''. [1]