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Last Updated on: 28 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Vadilal Industries Ltd

About the Company - Vadilal Industries Ltd

Vadilal Industries Ltd. is a Public Limited Listed company incorporated on 28/04/1982 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L91110GJ1982PLC005169 and registration number is 005169. Currently Company is involved in the business activities of Processing and preserving of fruit and vegetables. Company’s Total Operating Revenue is Rs. 544.12 Cr. and Equity Capital is Rs. 7.19 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Food Processing - Bakery/Dairy/Fruits/OthersVadilal House, Shrimali Society, Nr. Navrangpura Rly. Crossing, Ahmedabad Gujarat 380009shareslogs@vadilalgroup.com
http://www.vadilalgroup.com
Management
NamePosition Held
Mr. Preet ShahChairman & Ind.Director
Mr. Devanshu L GandhiManaging Director
Mr. Rajesh R GandhiManaging Director
Mr. Kalpit R GandhiNon Exe.Non Ind.Director
Mrs. Deval D GandhiNon Exe.Non Ind.Director
Ms. Shaily DedhiaIndependent Director

Vadilal Industries Ltd. Share Price Update

Share PriceValue
Today₹3,502.45
Previous Day₹3,427.25

Basic Stock Data of Vadilal Industries Ltd

Market Cap 2,655 Cr.
Current Price 3,692
High / Low3,930/1,799
Stock P/E18.1
Book Value 704
Dividend Yield0.04 %
ROCE25.6 %
ROE28.4 %
Face Value 10.0

Data Source: screener.in

Competitors of Vadilal Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Parag Milk Foods Ltd 3,015 Cr. 257290/68.029.2 72.80.00 %8.72 %7.88 % 10.0
Tasty Bite Eatables Ltd 3,480 Cr. 13,56219,867/7,95572.4 1,0850.01 %14.0 %13.5 % 10.0
LT Foods Ltd 6,256 Cr. 180235/90.010.9 88.00.55 %17.1 %16.8 % 1.00
Nestle India Ltd 2,48,381 Cr. 2,5762,771/1,78882.8 32.10.65 %135 %108 % 1.00
Prataap Snacks Ltd 2,751 Cr. 1,1521,450/661135 2880.09 %1.15 %3.14 % 5.00
Industry Average52,776.60 Cr3,545.4066.06313.180.26%35.19%29.86%5.40

Vadilal Industries Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales98.55168.50166.35188.33130.18212.86391.19267.04143.38256.25410.91288.71174.26
Expenses93.28140.58138.11163.42124.33172.97316.01222.86148.96207.52306.65229.76162.97
Operating Profit5.2727.9228.2424.915.8539.8975.1844.18-5.5848.73104.2658.9511.29
OPM %5.35%16.57%16.98%13.23%4.49%18.74%19.22%16.54%-3.89%19.02%25.37%20.42%6.48%
Other Income4.405.230.753.482.401.683.673.913.782.411.604.373.84
Interest5.075.364.764.644.525.474.612.793.734.725.564.323.77
Depreciation5.665.936.435.665.995.907.167.856.458.428.528.788.38
Profit before tax-1.0621.8617.8018.09-2.2630.2067.0837.45-11.9838.0091.7850.222.98
Tax %-12.26%24.34%28.65%29.74%-6.19%28.18%26.25%27.02%22.45%24.26%22.62%24.23%-210.07%
Net Profit-1.1916.5412.7012.70-2.4021.6949.4627.33-9.2928.7871.0238.059.24
EPS in Rs-1.6623.0117.6717.67-3.3430.1868.8138.02-12.9240.0498.8152.9412.86

Vadilal Industries Ltd Quarterly Chart

Vadilal Industries Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2853243674064504825475675994636981,0581,130
Expenses249287327367391425499494521428599892907
Operating Profit3637403958574873793699166223
OPM %13%11%11%10%13%12%9%13%13%8%14%16%20%
Other Income372313610101681012
Interest20252526211615141721191618
Depreciation10111313141516172423243034
Profit before tax98442429235248864131183
Tax %37%39%36%36%40%35%32%36%14%40%30%26%
Net Profit6522151916334154596147
EPS in Rs8.067.003.203.3920.5326.5221.7946.4157.576.4462.19133.98204.65
Dividend Payout %19%21%31%29%6%5%6%3%0%0%2%1%

Vadilal Industries Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth
Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-16.67%-60.00%0.00%650.00%26.67%-15.79%106.25%24.24%-87.80%800.00%113.33%
Change in YoY Net Profit Growth (%)0.00%-43.33%60.00%650.00%-623.33%-42.46%122.04%-82.01%-112.05%887.80%-686.67%

Vadilal Industries Ltd Growth

Compounded Sales Growth
10 Years:13%
5 Years:14%
3 Years:21%
TTM:11%
Compounded Profit Growth
10 Years:35%
5 Years:44%
3 Years:34%
TTM:65%
Stock Price CAGR
10 Years:39%
5 Years:46%
3 Years:59%
1 Year:38%
Return on Equity
10 Years:14%
5 Years:17%
3 Years:17%
Last Year:28%

Vadilal Industries Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital7777777777777
Reserves102106106106120154168200240244290390499
Borrowings148172166152122119141148174158186291185
Other Liabilities726897104117134123122153159140150149
Total Liabilities329353376370366414439477574567623838840
Fixed Assets196207228226225251257267318312307403425
CWIP81641157139532011
Investments00000111111578
Other Assets125129144143141158175196247250313410326
Total Assets329353376370366414439477574567623838840

Vadilal Industries Ltd Reserves and Borrowings Chart

Vadilal Industries Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 533555506446174467823239
Cash from Investing Activity -33-24-21-8-11-23-24-31-67-11-20-62
Cash from Financing Activity -19-10-33-41-53-206-104-5689
Net Cash Flow-0111-13-1441620-13

Vadilal Industries Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days42141514188282027363427
Inventory Days153176178144138135119157179211170167
Days Payable1017910496104929186981658558
Cash Conversion Cycle9411189625151569110781119135
Working Capital Days4938219312313850516982
ROCE %13%12%10%10%18%17%13%20%17%7%19%26%

Vadilal Industries Ltd Financial Efficiency Indicators Chart

Vadilal Industries Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters64.72%64.72%64.72%64.72%64.72%64.73%64.72%64.72%64.72%64.72%64.72%64.72%
FIIs0.00%0.00%0.00%0.00%0.10%0.06%0.11%0.17%0.09%0.03%0.09%0.09%
DIIs0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.00%0.00%0.00%0.00%0.00%
Public35.27%35.27%35.27%35.27%35.17%35.20%35.15%35.11%35.19%35.25%35.18%35.20%
No. of Shareholders11,30010,67910,76611,07312,62712,82313,85812,48713,12812,38113,70014,286

Vadilal Industries Ltd Shareholding Pattern Chart

No. of Vadilal Industries Ltd Shareholders

This stock is not held by any mutual fund

Vadilal Industries Ltd ROCE Trend

Vadilal Industries Ltd EPS Trend

Vadilal Industries Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)133.9762.196.4457.5746.41
Diluted EPS (Rs.)133.9762.196.4457.5746.41
Cash EPS (Rs.)175.5495.5438.2390.5369.93
Book Value[Excl.RevalReserv]/Share (Rs.)448.45309.43245.06239.47184.25
Book Value[Incl.RevalReserv]/Share (Rs.)553.13414.11349.74344.15288.93
Revenue From Operations / Share (Rs.)1471.74970.70645.25833.73789.00
PBDIT / Share (Rs.)245.27149.1372.31122.91115.25
PBIT / Share (Rs.)203.70115.7740.5289.9591.73
PBT / Share (Rs.)181.6488.8010.6966.6972.16
Net Profit / Share (Rs.)133.9762.196.4457.5746.41
NP After MI And SOA / Share (Rs.)133.9762.196.4457.5746.41
PBDIT Margin (%)16.6615.3611.2014.7414.60
PBIT Margin (%)13.8411.926.2710.7811.62
PBT Margin (%)12.349.141.657.999.14
Net Profit Margin (%)9.106.400.996.905.88
NP After MI And SOA Margin (%)9.106.400.996.905.88
Return on Networth / Equity (%)29.9020.122.6324.0825.25
Return on Capital Employeed (%)26.0220.528.6919.2722.22
Return On Assets (%)11.497.170.817.217.00
Long Term Debt / Equity (X)0.180.340.320.280.43
Total Debt / Equity (X)0.630.770.720.900.93
Asset Turnover Ratio (%)1.451.010.661.021.12
Current Ratio (X)1.441.391.040.981.01
Quick Ratio (X)0.510.630.430.330.29
Inventory Turnover Ratio (X)2.512.331.522.132.58
Dividend Payout Ratio (NP) (%)0.930.000.002.613.24
Dividend Payout Ratio (CP) (%)0.710.000.001.662.15
Earning Retention Ratio (%)99.070.000.0097.3996.76
Cash Earning Retention Ratio (%)99.290.000.0098.3497.85
Interest Coverage Ratio (X)11.125.532.425.295.89
Interest Coverage Ratio (Post Tax) (X)7.073.311.223.483.37
Enterprise Value (Cr.)1750.951137.24737.41460.85552.21
EV / Net Operating Revenue (X)1.661.631.590.760.97
EV / EBITDA (X)9.9310.6114.195.226.67
MarketCap / Net Operating Revenue (X)1.501.461.390.540.77
Retention Ratios (%)99.060.000.0097.3896.75
Price / BV (X)4.924.583.671.893.31
Price / Net Operating Revenue (X)1.501.461.390.540.77
EarningsYield0.060.040.010.120.07

Vadilal Industries Ltd Profitability Ratios (%)

Vadilal Industries Ltd Liquidity Ratios

Vadilal Industries Ltd Liquidity Ratios (%)

Vadilal Industries Ltd Interest Coverage Ratios (X)

Vadilal Industries Ltd Valuation Ratios

Fair Value / Intrinsic Value of Vadilal Industries Ltd

Fair Value: ₹3620.29

The stock is overvalued by 1.94% compared to the current price ₹3692

*Investments are subject to market risks

Strength and Weakness of Vadilal Industries Ltd

StrengthWeakness
  1. The stock has a high average ROCE of 15.17%, which is a positive sign.
  2. The company has higher reserves (209.62 cr) compared to borrowings (166.31 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (399.23 cr) and profit (45.15 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 108.33 and average Dividend Yield of 10.89%.
  2. The stock has a high average Working Capital Days of 37.75, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 87.25, which may not be favorable.

Should I Buy Vadilal Industries Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Vadilal Industries Ltd:
    1. Net Profit Margin: 9.10%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 26.02% (Industry Average ROCE: 35.19%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 7.07
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 0.51
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✓ Stock P/E: 18.1 (Industry average Stock P/E: 66.06)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✓ Total Debt / Equity: 0.63
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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 Vadilal Industries 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