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Last Updated: April 2, 2026, 3:49 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 590005 | NSE: VEEDOL

Veedol Corporation Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹1,073.99Overvalued by 16.68%vs CMP ₹1,289.00

P/E (11.6) × ROE (19.8%) × BV (₹561.00) × DY (4.19%)

₹1,117.93Overvalued by 13.27%vs CMP ₹1,289.00
MoS: -15.3% (Negative)Confidence: 53/100 (Moderate)Models: 1 Under, 2 Fair, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1,176.4822%Fair (-8.7%)
Graham NumberEarnings₹1,185.0716%Fair (-8.1%)
Earnings PowerEarnings₹670.2613%Over (-48%)
DCFCash Flow₹1,804.4413%Under (+40%)
Net Asset ValueAssets₹560.717%Over (-56.5%)
EV/EBITDAEnterprise₹1,011.809%Over (-21.5%)
Earnings YieldEarnings₹1,112.607%Over (-13.7%)
ROCE CapitalReturns₹1,040.999%Over (-19.2%)
Revenue MultipleRevenue₹1,130.605%Over (-12.3%)
Consensus (9 models)₹1,117.93100%Overvalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 9.5%

*Investments are subject to market risks

Investment Snapshot

69
Veedol Corporation Ltd scores 69/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health92/100 · Strong
ROCE 23.7% ExcellentROE 19.8% ExcellentD/E 0.02 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 64.6% Stable
Earnings Quality50/100 · Moderate
OPM stable around 10% Steady
Quarterly Momentum80/100 · Strong
Revenue (4Q): +9% YoY GrowingProfit (4Q): +28% YoY Strong
Industry Rank50/100 · Moderate
P/E 11.6 vs industry 13.7 In-lineROCE 23.7% vs industry 23.6% Average3Y sales CAGR: 9% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:49 am

Market Cap 2,246 Cr.
Current Price 1,289
Intrinsic Value₹1,117.93
High / Low 2,035/1,238
Stock P/E11.6
Book Value 561
Dividend Yield4.19 %
ROCE23.7 %
ROE19.8 %
Face Value 2.00
PEG Ratio1.22

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Veedol Corporation Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Veedol Corporation Ltd 2,246 Cr. 1,289 2,035/1,23811.6 5614.19 %23.7 %19.8 % 2.00
Savita Oil Technologies Ltd 2,143 Cr. 313 478/28612.0 2551.28 %9.84 %6.10 % 2.00
Gandhar Oil Refinery (India) Ltd 1,219 Cr. 125 184/11511.5 1320.60 %10.6 %6.65 % 2.00
GP Petroleums Ltd 132 Cr. 25.9 52.0/23.24.87 66.80.00 %10.8 %8.38 % 5.00
Gulf Oil Lubricants India Ltd 4,428 Cr. 896 1,332/86412.0 3355.35 %28.3 %25.5 % 2.00
Industry Average4,601.33 Cr415.5713.70206.962.34%23.55%18.39%3.29

All Competitor Stocks of Veedol Corporation Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 497470474474496487479476482532514509538
Expenses 463429435433455439437430444464455456486
Operating Profit 34413942424841463868595352
OPM % 7%9%8%9%8%10%9%10%8%13%11%10%10%
Other Income 6688812149710131113
Interest 0000101111110
Depreciation 4444445878889
Profit before tax 35434245455550463769645556
Tax % 26%19%26%22%25%23%26%25%-1%13%22%26%22%
Net Profit 26343135344337353760504144
EPS in Rs 14.8919.7517.9020.2119.2724.6321.3019.8621.4334.2628.5123.5024.99

Last Updated: February 3, 2026, 8:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 5:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 9731,0379741,1301,2751,3771,3171,2581,5361,8541,9331,9702,092
Expenses 8809568609941,1361,2461,1781,0941,3881,7121,7601,7761,861
Operating Profit 9381113136139131138164147142173194231
OPM % 10%8%12%12%11%9%10%13%10%8%9%10%11%
Other Income 171632435323238383022313947
Interest 0113322221242
Depreciation 9117991012141515152933
Profit before tax 100232129159159149161185160147187202243
Tax % 35%32%39%32%33%35%24%24%23%22%24%16%
Net Profit 651598610810797122141123115143169194
EPS in Rs 37.6792.1849.3961.8761.0555.4169.7580.7670.5465.7682.0396.85111.26
Dividend Payout % 27%19%50%47%56%82%70%72%76%62%62%54%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)144.62%-45.91%25.58%-0.93%-9.35%25.77%15.57%-12.77%-6.50%24.35%18.18%
Change in YoY Net Profit Growth (%)0.00%-190.53%71.49%-26.51%-8.42%35.12%-10.20%-28.34%6.26%30.85%-6.17%

Veedol Corporation Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:7%
5 Years:8%
3 Years:9%
TTM:4%
Compounded Profit Growth
10 Years:12%
5 Years:7%
3 Years:12%
TTM:26%
Stock Price CAGR
10 Years:8%
5 Years:13%
3 Years:13%
1 Year:-34%
Return on Equity
10 Years:18%
5 Years:18%
3 Years:18%
Last Year:20%

Last Updated: September 5, 2025, 1:46 pm

Balance Sheet

Last Updated: January 7, 2026, 4:33 pm

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 0.850.8522222233333
Reserves 381499585611649638679735716761824911974
Borrowings 92128294239381814512221
Other Liabilities 213217231255256249248286302330320317331
Total Liabilities 6047388468979499289671,0401,0361,0991,1491,2531,329
Fixed Assets 122194148231242249263277270272294340346
CWIP 1020321243210716
Investments 006865706976747070737880
Other Assets 481544628600634608616686692756771827887
Total Assets 6047388468979499289671,0401,0361,0991,1491,2531,329

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 3080127359479133699310315630
Cash from Investing Activity + -245-724-86-1-4939376-9273
Cash from Financing Activity + -12-20-36-56-58-110-80-102-142-81-86-99
Net Cash Flow 16105832-49-3146-1128-214
Free Cash Flow 21143112147765101518589109-12
CFO/OP 71%142%158%71%108%103%124%62%86%94%114%38%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow84.0060.0085.00107.0097.0092.00100.00146.00133.00137.00172.00172.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 666362655452424750474254
Inventory Days 1128410511593851021501099084104
Days Payable 7360899690808710779644752
Cash Conversion Cycle 10587788457565690807379106
Working Capital Days 836241655453487166598692
ROCE %28%18%23%26%24%22%23%26%22%20%24%24%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 57.28%57.28%57.28%62.27%62.27%64.15%64.29%64.29%64.29%62.35%64.58%64.58%
FIIs 0.82%0.83%0.97%1.38%1.51%1.98%1.71%1.46%1.26%1.14%1.37%1.17%
DIIs 5.37%2.10%2.12%1.27%1.22%1.23%1.24%1.28%1.17%1.17%1.17%1.17%
Public 34.06%37.33%37.18%32.61%32.53%30.17%30.30%30.51%30.82%32.86%30.41%30.61%
Others 2.46%2.46%2.46%2.46%2.46%2.46%2.46%2.46%2.46%2.46%2.46%2.46%
No. of Shareholders 66,01870,41164,94768,09765,84362,48860,07059,36558,51459,92056,83156,211

Shareholding Pattern Chart

No. of Shareholders

Veedol Corporation Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Motilal Oswal Nifty Microcap 250 Index Fund 11,286 0.23 3.0511,2862025-04-22 15:56:520%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.005.00
Basic EPS (Rs.) 99.2984.1067.3772.32415.80
Diluted EPS (Rs.) 99.2984.1067.3772.32415.80
Cash EPS (Rs.) 99.8985.2272.4175.36411.56
Book Value[Excl.RevalReserv]/Share (Rs.) 537.68486.76449.18423.432166.35
Book Value[Incl.RevalReserv]/Share (Rs.) 537.68486.76449.18423.432166.35
Revenue From Operations / Share (Rs.) 1159.111135.991090.47903.363701.41
PBDIT / Share (Rs.) 125.17112.2992.4598.18548.35
PBIT / Share (Rs.) 108.39103.3483.3089.08506.82
PBT / Share (Rs.) 102.45102.2882.4288.14499.74
Net Profit / Share (Rs.) 83.1276.2663.2666.26370.03
NP After MI And SOA / Share (Rs.) 99.2684.0867.3572.30415.68
PBDIT Margin (%) 10.799.888.4710.8614.81
PBIT Margin (%) 9.359.097.639.8613.69
PBT Margin (%) 8.839.007.559.7513.50
Net Profit Margin (%) 7.176.715.807.339.99
NP After MI And SOA Margin (%) 8.567.406.178.0011.23
Return on Networth / Equity (%) 18.4617.2714.9917.0719.18
Return on Capital Employeed (%) 18.7519.8817.3319.5821.81
Return On Assets (%) 13.4712.3610.4211.8613.58
Total Debt / Equity (X) 0.000.000.010.010.02
Asset Turnover Ratio (%) 1.641.711.511.281.11
Current Ratio (X) 3.012.822.642.622.72
Quick Ratio (X) 1.781.801.561.521.58
Inventory Turnover Ratio (X) 6.443.713.432.692.33
Dividend Payout Ratio (NP) (%) 53.6857.2963.91113.4059.18
Dividend Payout Ratio (CP) (%) 45.9251.7756.27100.7253.80
Earning Retention Ratio (%) 46.3242.7136.09-13.4040.82
Cash Earning Retention Ratio (%) 54.0848.2343.73-0.7246.20
Interest Coverage Ratio (X) 59.94106.65105.48104.3277.36
Interest Coverage Ratio (Post Tax) (X) 42.6573.4273.1771.4053.20
Enterprise Value (Cr.) 2277.152335.081260.121753.041303.05
EV / Net Operating Revenue (X) 1.161.210.671.141.04
EV / EBITDA (X) 10.7012.238.0210.506.99
MarketCap / Net Operating Revenue (X) 1.181.230.761.231.17
Retention Ratios (%) 46.3142.7036.08-13.4040.81
Price / BV (X) 2.542.871.862.622.00
Price / Net Operating Revenue (X) 1.181.230.761.231.17
EarningsYield 0.070.060.080.060.09

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Veedol Corporation Ltd. is a Public Limited Listed company incorporated on 26/10/1921 and has its registered office in the State of West Bengal, India. Company's Corporate Identification Number(CIN) is L23209WB1921PLC004357 and registration number is 004357. Currently Company is involved in the business activities of Production of liquid and gaseous fuels, illuminating oils, lubricating oils or greases or other products from crude petroleum or bituminous minerals. Company's Total Operating Revenue is Rs. 1527.28 Cr. and Equity Capital is Rs. 3.40 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Lubricants'Yule House', Kolkata West Bengal 700001Contact not found
Management
NamePosition Held
Mr. D S ChandavarkarChairman
Mr. Arijit BasuManaging Director
Mr. Vinod S VyasNon Exe.Non Ind.Director
Mr. Ananta Mohan SinghNon Exe.Non Ind.Director
Mr. P S BhattacharyyaInd. Non-Executive Director
Mr. Subir DasInd. Non-Executive Director
Mr. P Y GuravInd. Non-Executive Director
Mr. Praveen P KadleInd. Non-Executive Director
Mrs. B S SihagInd. Non-Executive Director
Dr. Nitin R GokarnInd. Non-Executive Director
Mr. Kishore M SaletoreInd. Non-Executive Director

FAQ

What is the intrinsic value of Veedol Corporation Ltd and is it undervalued?

As of 14 April 2026, Veedol Corporation Ltd's intrinsic value is ₹1117.93, which is 13.27% lower than the current market price of ₹1,289.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (19.8 %), book value (₹561), dividend yield (4.19 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Veedol Corporation Ltd?

Veedol Corporation Ltd is trading at ₹1,289.00 as of 14 April 2026, with a FY2026-2027 high of ₹2,035 and low of ₹1,238. The stock is currently near its 52-week low. Market cap stands at ₹2,246 Cr..

How does Veedol Corporation Ltd's P/E ratio compare to its industry?

Veedol Corporation Ltd has a P/E ratio of 11.6, which is below the industry average of 13.70. This is broadly in line with or below the industry average.

Is Veedol Corporation Ltd financially healthy?

Key indicators for Veedol Corporation Ltd: ROCE of 23.7 % indicates efficient capital utilization; ROE of 19.8 % shows strong shareholder returns. Dividend yield is 4.19 %.

Is Veedol Corporation Ltd profitable and how is the profit trend?

Veedol Corporation Ltd reported a net profit of ₹169 Cr in Mar 2025 on revenue of ₹1,970 Cr. Compared to ₹123 Cr in Mar 2022, the net profit shows an improving trend.

Does Veedol Corporation Ltd pay dividends?

Veedol Corporation Ltd has a dividend yield of 4.19 % at the current price of ₹1,289.00. This is a relatively attractive yield for income-seeking investors.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Veedol Corporation Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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