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Veedol Corporation VEEDOL.NS · INR

Materials · NSE · 🇮🇳 India

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1,394.90

+1.62%

Close of 9 Nov 2026, in INR

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At a glance

Figures in INR, from our data supplier.

FY2026

Revenue

₹21.69bn

FY2017FY2026

Net income

₹1.92bn

FY2017FY2026

Free cash flow

₹1.59bn

FY2017FY2026

Shareholders' equity

₹10.36bn

FY2017FY2026

Income statement

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue₹21.69bn₹19.67bn₹19.29bn₹18.52bn₹15.34bn₹12.57bn₹13.17bn₹13.79bn₹13.12bn₹13.00bn
Research and development——————₹2.0m₹17.0m₹13.0m₹14.0m
Operating income₹2.41bn₹1.70bn₹1.61bn₹1.30bn₹1.35bn₹1.53bn₹1.27bn₹1.21bn₹1.30bn₹1.28bn
Net income₹1.92bn₹19.7m₹1.43bn₹1.15bn₹1.23bn₹1.41bn₹1.22bn₹970.0m₹1.07bn₹1.08bn
Diluted earnings per share112.751.1684.1065.7672.3283.16407.00323.33356.00361.00

Balance sheet

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assets₹14.06bn₹12.53bn₹11.49bn₹10.99bn₹10.36bn₹10.40bn₹9.67bn₹9.28bn₹9.49bn₹8.97bn
Cash and short-term investments₹2.28bn₹1.38bn————₹2.08bn₹1.64bn₹1.82bn₹1.52bn
Total liabilities₹3.70bn₹3.39bn₹3.21bn₹3.35bn₹3.16bn₹3.04bn₹2.86bn₹2.88bn₹2.98bn₹2.84bn
Debt₹158.9m₹219.6m———₹166.0m₹384.6m₹392.0m₹420.9m₹287.2m
Shareholders' equity₹10.36bn₹9.14bn₹8.27bn₹7.64bn₹7.20bn₹7.37bn₹6.81bn₹6.40bn₹6.50bn₹6.13bn
Shares outstanding17m17m17m17m17m17m3m3m3m3m

Cash flow

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash from operations₹1.94bn₹297.2m₹1.56bn₹1.03bn₹934.4m₹693.3m₹1.33bn₹792.5m—₹349.4m
Capital spending−₹345.9m−₹421.8m−₹472.4m−₹154.5m−₹86.0m−₹183.7m−₹320.6m−₹147.0m—−₹214.9m
Free cash flow₹1.59bn−₹124.6m₹1.09bn₹880.3m₹848.4m₹509.6m₹1.01bn₹645.5m—₹134.5m
Dividends paid−₹1.01bn−₹10.6m−₹818.9m−₹731.8m−₹1.39bn−₹836.4m−₹644.7m−₹906.1m—−₹578.3m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue₹6.09bn₹6.07bn₹5.38bn₹5.09bn₹5.14bn₹5.30bn₹4.82bn₹4.76bn
Operating income₹901.1m₹529.9m₹429.0m₹449.2m₹510.1m₹647.1m₹311.9m₹378.5m
Net income₹779.2m₹574.6m₹435.5m₹409.4m₹496.7m₹597.0m₹373.4m₹346.0m
Diluted earnings per share45.8533.8125.6324.0929.2335.1321.9720.36
Cash from operations———₹1.06bn—₹463.0m——
Capital spending———−₹299.0m—−₹182.0m——
Free cash flow———₹765.0m—₹281.0m——
Total assets—₹14.06bn—₹13.29bn—₹12.53bn—₹12.11bn
Cash and short-term investments—₹2.28bn—₹1.81bn—₹1.38bn—₹1.58bn
Debt—₹51.8m—₹77.1m—₹77.8m—₹79.7m
Shareholders' equity—₹10.36bn—₹9.77bn—₹9.14bn—₹8.71bn

Financial ratios

Data as of 23 Sept 2026

FY2026FY2025FY2024FY2023FY2022FY2021
Operating margin11.1%8.6%8.3%7.0%8.8%12.2%
Net margin8.8%0.1%7.4%6.2%8.0%11.2%
Return on equity18.5%0.2%17.3%15.0%17.1%19.2%
Return on assets13.6%0.2%12.4%10.4%11.9%13.6%
Free cash flow yield9.8%3.1%8.8%5.0%——
Revenue growth10.2%2.0%4.2%20.7%22.1%—
Earnings growth9613.2%-98.6%24.7%-6.8%-13.0%—
Current ratio2.95x3.01x2.87x2.64x2.62x2.72x
Debt to equity0.01x0.01x———0.02x
Equity ratio73.7%73.0%72.0%69.6%69.5%70.8%
Interest coverage100.76x47.90x89.85x87.58x84.31x73.13x
Buybacks as a share of market value0.0%0.0%2.5%———

Growth per year

Compound annual rate

3 years5 years10 years
Revenue5.4%11.5%6.7%
Operating income22.7%9.5%7.4%
Net income18.7%6.3%8.3%

Average margins

Over each period

1 year3 years5 years10 years
Operating margin9.9%8.9%9.2%9.4%
Net margin4.7%5.7%6.7%7.2%

Valuation history

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Price to earnings12.6—19.621.513.817.82.22.83.03.9
Price to sales1.11.41.41.31.12.00.20.20.30.3

Dividends and splits

Per share, in the currency the company pays

Paid for 19 years. Last went ex-dividend on 17 Jul 2026.

FY2027FY2026FY2025FY2024FY2023FY2022FY2021FY2020
Paid in the year22.0058.0052.0047.0042.0048.0048.0037.00
  • 2.5-for-1 split · 26 Jul 2021

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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