Vesuvius India Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: March 6, 2026, 3:22 am

Market Cap	10,132 Cr.
Current Price	499
Intrinsic Value	₹557.60
High / Low	647/397
Stock P/E	38.4
Book Value	82.0
Dividend Yield	0.29 %
ROCE	22.9 %
ROE	17.1 %
Face Value	1.00
PEG Ratio	1.32

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Vesuvius India Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Vesuvius India Ltd	10,132 Cr.	499	647/397	38.4	82.0	0.29 %	22.9 %	17.1 %	1.00
IFGL Refractories Ltd	1,097 Cr.	152	340/146	36.0	158	2.30 %	5.71 %	3.94 %	10.0
Morganite Crucible (India) Ltd	742 Cr.	1,326	1,964/1,171	30.0	242	3.70 %	30.4 %	21.4 %	5.00
Associated Ceramics Ltd	40.9 Cr.	200	264/171	16.2	127	0.00 %	10.8 %	9.55 %	10.0
Industry Average	3,990.33 Cr	544.25		30.15	152.25	1.57%	17.45%	13.00%	6.50

All Competitor Stocks of Vesuvius India Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	348	368	405	413	417	453	462	444	509	482	524	547	551
Expenses	309	313	335	331	337	358	371	365	427	399	433	455	457
Operating Profit	40	55	70	82	80	95	92	79	82	83	91	92	94
OPM %	11%	15%	17%	20%	19%	21%	20%	18%	16%	17%	17%	17%	17%
Other Income	7	11	8	8	7	8	10	23	7	10	8	7	34
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	9	8	8	9	11	10	11	12	13	13	15	17	17
Profit before tax	37	58	70	81	76	92	90	90	76	80	85	83	109
Tax %	26%	25%	25%	25%	25%	25%	26%	24%	22%	26%	26%	26%	27%
Net Profit	28	43	52	60	57	69	67	68	60	59	63	62	80
EPS in Rs	1.36	2.14	2.57	2.97	2.81	3.39	3.32	3.37	2.95	2.92	3.10	3.03	3.95

Last Updated: March 3, 2026, 1:54 pm

Below is a detailed analysis of the quarterly data for Vesuvius India Ltd based on the most recent figures (Dec 2025) and their trends compared to the previous period:

For Sales, as of Dec 2025, the value is 551.00 Cr.. The value appears strong and on an upward trend. It has increased from 547.00 Cr. (Sep 2025) to 551.00 Cr., marking an increase of 4.00 Cr..
For Expenses, as of Dec 2025, the value is 457.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 455.00 Cr. (Sep 2025) to 457.00 Cr., marking an increase of 2.00 Cr..
For Operating Profit, as of Dec 2025, the value is 94.00 Cr.. The value appears strong and on an upward trend. It has increased from 92.00 Cr. (Sep 2025) to 94.00 Cr., marking an increase of 2.00 Cr..
For OPM %, as of Dec 2025, the value is 17.00%. The value remains steady. There is no change compared to the previous period (Sep 2025) which recorded 17.00%.
For Other Income, as of Dec 2025, the value is 34.00 Cr.. The value appears strong and on an upward trend. It has increased from 7.00 Cr. (Sep 2025) to 34.00 Cr., marking an increase of 27.00 Cr..
For Interest, as of Dec 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2025) which recorded 0.00 Cr..
For Depreciation, as of Dec 2025, the value is 17.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2025) which recorded 17.00 Cr..
For Profit before tax, as of Dec 2025, the value is 109.00 Cr.. The value appears strong and on an upward trend. It has increased from 83.00 Cr. (Sep 2025) to 109.00 Cr., marking an increase of 26.00 Cr..
For Tax %, as of Dec 2025, the value is 27.00%. The value appears to be increasing, which may not be favorable. It has increased from 26.00% (Sep 2025) to 27.00%, marking an increase of 1.00%.
For Net Profit, as of Dec 2025, the value is 80.00 Cr.. The value appears strong and on an upward trend. It has increased from 62.00 Cr. (Sep 2025) to 80.00 Cr., marking an increase of 18.00 Cr..
For EPS in Rs, as of Dec 2025, the value is 3.95. The value appears strong and on an upward trend. It has increased from 3.03 (Sep 2025) to 3.95, marking an increase of 0.92.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: December 15, 2025, 4:25 am

Metric	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	TTM
Sales	602	652	700	822	911	925	887	792	1,047	1,343	1,603	1,869	2,062
Expenses	489	552	574	670	745	777	766	714	947	1,178	1,314	1,518	1,714
Operating Profit	112	101	126	152	167	148	121	77	100	165	289	350	349
OPM %	19%	15%	18%	18%	18%	16%	14%	10%	10%	12%	18%	19%	17%
Other Income	5	9	10	13	9	23	29	21	20	23	35	48	33
Interest	1	0	1	1	1	1	1	1	1	1	2	4	1
Depreciation	18	19	23	27	30	28	27	26	27	30	36	46	57
Profit before tax	99	90	112	136	145	142	123	72	92	157	285	349	323
Tax %	34%	34%	35%	35%	35%	35%	31%	26%	26%	26%	25%	24%
Net Profit	65	59	74	89	94	93	86	53	68	117	213	265	244
EPS in Rs	3.21	2.91	3.63	4.38	4.65	4.56	4.21	2.61	3.35	5.75	10.49	13.03	12.00
Dividend Payout %	15%	24%	17%	15%	15%	15%	21%	27%	24%	14%	12%	11%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year
YoY Net Profit Growth (%)
Change in YoY Net Profit Growth (%)

No data available for trend analysis.

Growth

Compounded Sales Growth
10 Years:	11%
5 Years:	16%
3 Years:	21%
TTM:	12%

Compounded Profit Growth
10 Years:	16%
5 Years:	24%
3 Years:	55%
TTM:	-1%

Stock Price CAGR
10 Years:	23%
5 Years:	41%
3 Years:	55%
1 Year:	-2%

Return on Equity
10 Years:	14%
5 Years:	14%
3 Years:	17%
Last Year:	19%

Last Updated: September 5, 2025, 1:51 pm

Balance Sheet

Last Updated: March 3, 2026, 12:18 am

Month	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Equity Capital	20	20	20	20	20	20	20	20	20	20	20	20
Reserves	419	477	562	641	717	784	822	876	977	1,173	1,411	1,644
Borrowings	0	0	0	0	0	0	0	0	0	13	13	14
Other Liabilities	139	147	161	193	188	177	216	292	333	382	402	472
Total Liabilities	578	644	743	854	925	981	1,058	1,188	1,331	1,589	1,847	2,150
Fixed Assets	132	131	124	113	121	124	120	116	194	316	434	622
CWIP	20	14	16	38	26	28	21	27	38	86	196	52
Investments	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	426	499	603	703	779	829	917	1,045	1,098	1,187	1,217	1,476
Total Assets	578	644	743	854	925	981	1,058	1,188	1,331	1,589	1,847	2,150

Below is a detailed analysis of the balance sheet data for Vesuvius India Ltd based on the most recent figures (Dec 2025) and their trends compared to the previous period:

For Equity Capital, as of Dec 2025, the value is 20.00 Cr.. The value remains steady. There is no change compared to the previous period (Dec 2024) which recorded 20.00 Cr..
For Reserves, as of Dec 2025, the value is 1,644.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,411.00 Cr. (Dec 2024) to 1,644.00 Cr., marking an increase of 233.00 Cr..
For Borrowings, as of Dec 2025, the value is 14.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 13.00 Cr. (Dec 2024) to 14.00 Cr., marking an increase of 1.00 Cr..
For Other Liabilities, as of Dec 2025, the value is 472.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 402.00 Cr. (Dec 2024) to 472.00 Cr., marking an increase of 70.00 Cr..
For Total Liabilities, as of Dec 2025, the value is 2,150.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,847.00 Cr. (Dec 2024) to 2,150.00 Cr., marking an increase of 303.00 Cr..
For Fixed Assets, as of Dec 2025, the value is 622.00 Cr.. The value appears strong and on an upward trend. It has increased from 434.00 Cr. (Dec 2024) to 622.00 Cr., marking an increase of 188.00 Cr..
For CWIP, as of Dec 2025, the value is 52.00 Cr.. The value appears to be declining and may need further review. It has decreased from 196.00 Cr. (Dec 2024) to 52.00 Cr., marking a decrease of 144.00 Cr..
For Investments, as of Dec 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Dec 2024) which recorded 0.00 Cr..
For Other Assets, as of Dec 2025, the value is 1,476.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,217.00 Cr. (Dec 2024) to 1,476.00 Cr., marking an increase of 259.00 Cr..
For Total Assets, as of Dec 2025, the value is 2,150.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,847.00 Cr. (Dec 2024) to 2,150.00 Cr., marking an increase of 303.00 Cr..

Notably, the Reserves (1,644.00 Cr.) exceed the Borrowings (14.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operating Activity +	65	54	50	191	95	74	102	27	128	82	258	177
Cash from Investing Activity +	-28	-21	21	2	-310	297	-503	-39	-6	-37	-233	-18
Cash from Financing Activity +	-14	-15	-15	-16	-17	-17	-14	-14	-16	-18	-27	-30
Net Cash Flow	23	18	56	177	-231	354	-415	-26	106	28	-1	130

Free Cash Flow

Month	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Free Cash Flow	112.00	101.00	126.00	152.00	167.00	148.00	121.00	77.00	100.00	165.00	276.00	337.00

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

Month	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Debtor Days	108	105	118	119	88	72	77	75	57	57	74	75
Inventory Days	65	69	68	77	69	84	77	91	124	92	105	87
Days Payable	83	87	97	98	111	98	89	122	130	112	118	104
Cash Conversion Cycle	91	87	90	98	46	58	65	44	52	38	60	58
Working Capital Days	88	82	91	102	59	58	63	51	55	41	65	62
ROCE %	27%	22%	24%	25%	24%	20%	16%	9%	11%	17%	26%	25%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	55.57%	55.57%	55.57%	55.57%	55.57%	55.57%	55.57%	55.57%	55.57%	55.57%	55.57%	55.57%
FIIs	0.84%	0.77%	1.26%	1.73%	1.57%	2.34%	2.34%	4.06%	4.14%	4.31%	4.42%	4.44%
DIIs	23.30%	23.20%	23.28%	23.26%	23.06%	20.92%	20.92%	20.66%	20.95%	20.83%	21.29%	21.91%
Government	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%	0.01%	0.01%
Public	20.29%	20.46%	19.90%	19.43%	19.81%	21.17%	21.17%	19.71%	19.34%	19.29%	18.72%	18.06%
No. of Shareholders	16,975	17,287	20,531	21,474	22,517	25,289	25,289	28,956	28,701	34,163	36,281	34,319

Shareholding Pattern Chart

No. of Shareholders

Vesuvius India Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Nippon India Multi Cap Fund	15,093,722	1.53	747.67	1,626,602	2025-10-30 04:07:38	827.93%
HDFC Mid Cap Fund	7,363,020	0.4	364.73	N/A	N/A	N/A
Axis Small Cap Fund	6,902,100	1.34	341.9	690,296	2025-10-30 04:07:38	899.88%
HDFC Small Cap Fund	3,935,770	0.53	194.96	N/A	N/A	N/A
Nippon India Small Cap Fund	2,880,000	0.22	142.66	288,000	2025-11-02 18:14:38	900%
HDFC Multi Cap Fund	2,400,000	0.62	118.88	387,773	2025-10-30 04:07:38	518.92%
ICICI Prudential Multicap Fund	1,286,002	0.4	63.7	1,179,096	2025-12-15 07:37:35	9.07%
ICICI Prudential Manufacturing Fund	1,098,060	0.86	54.39	N/A	N/A	N/A
ICICI Prudential Infrastructure Fund	490,230	0.3	24.28	333,974	2026-02-23 00:22:00	46.79%
ICICI Prudential Childrens Fund	320,000	1.15	15.85	N/A	N/A	N/A

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	130.33	104.92	57.54	33.53	26.13
Diluted EPS (Rs.)	130.33	104.92	57.54	33.53	26.13
Cash EPS (Rs.)	152.89	122.59	72.24	46.99	39.06
Book Value[Excl.RevalReserv]/Share (Rs.)	704.92	587.95	491.52	441.53	414.68
Book Value[Incl.RevalReserv]/Share (Rs.)	704.92	587.95	491.52	441.53	414.68
Dividend / Share (Rs.)	14.50	12.75	8.25	8.00	7.00
Revenue From Operations / Share (Rs.)	920.48	789.72	661.37	515.84	389.91
PBDIT / Share (Rs.)	195.01	158.50	91.98	58.57	48.17
PBIT / Share (Rs.)	172.42	140.80	77.27	45.10	35.25
PBT / Share (Rs.)	171.84	140.59	77.27	45.10	35.25
Net Profit / Share (Rs.)	130.31	104.90	57.53	33.52	26.13
PBDIT Margin (%)	21.18	20.07	13.90	11.35	12.35
PBIT Margin (%)	18.73	17.82	11.68	8.74	9.03
PBT Margin (%)	18.66	17.80	11.68	8.74	9.03
Net Profit Margin (%)	14.15	13.28	8.69	6.49	6.70
Return on Networth / Equity (%)	18.48	17.84	11.70	7.59	6.30
Return on Capital Employeed (%)	23.79	23.22	15.33	9.95	8.28
Return On Assets (%)	14.32	13.40	8.77	5.72	5.01
Asset Turnover Ratio (%)	1.09	1.10	1.07	0.93	0.77
Current Ratio (X)	3.12	3.10	3.34	3.65	4.46
Quick Ratio (X)	2.47	2.38	2.67	2.85	3.86
Inventory Turnover Ratio (X)	7.44	6.97	2.45	2.69	2.80
Dividend Payout Ratio (NP) (%)	9.78	7.86	13.90	20.88	26.78
Dividend Payout Ratio (CP) (%)	8.33	6.72	11.07	14.89	17.92
Earning Retention Ratio (%)	90.22	92.14	86.10	79.12	73.22
Cash Earning Retention Ratio (%)	91.67	93.28	88.93	85.11	82.08
Interest Coverage Ratio (X)	335.48	748.26	0.00	0.00	0.00
Interest Coverage Ratio (Post Tax) (X)	225.17	496.21	0.00	0.00	0.00
Enterprise Value (Cr.)	8763.00	6817.43	2711.20	1644.13	1658.00
EV / Net Operating Revenue (X)	4.69	4.25	2.02	1.57	2.09
EV / EBITDA (X)	22.14	21.19	14.52	13.83	16.95
MarketCap / Net Operating Revenue (X)	4.95	4.54	2.44	2.10	2.80
Retention Ratios (%)	90.21	92.13	86.09	79.11	73.21
Price / BV (X)	6.46	6.10	3.29	2.45	2.63
Price / Net Operating Revenue (X)	4.95	4.54	2.44	2.10	2.80
EarningsYield	0.02	0.02	0.03	0.03	0.02

After reviewing the key financial ratios for Vesuvius India Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Dec 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Dec 23) which recorded 10.00.
For Basic EPS (Rs.), as of Dec 24, the value is 130.33. This value is within the healthy range. It has increased from 104.92 (Dec 23) to 130.33, marking an increase of 25.41.
For Diluted EPS (Rs.), as of Dec 24, the value is 130.33. This value is within the healthy range. It has increased from 104.92 (Dec 23) to 130.33, marking an increase of 25.41.
For Cash EPS (Rs.), as of Dec 24, the value is 152.89. This value is within the healthy range. It has increased from 122.59 (Dec 23) to 152.89, marking an increase of 30.30.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Dec 24, the value is 704.92. It has increased from 587.95 (Dec 23) to 704.92, marking an increase of 116.97.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Dec 24, the value is 704.92. It has increased from 587.95 (Dec 23) to 704.92, marking an increase of 116.97.
For Dividend / Share (Rs.), as of Dec 24, the value is 14.50. This value exceeds the healthy maximum of 3. It has increased from 12.75 (Dec 23) to 14.50, marking an increase of 1.75.
For Revenue From Operations / Share (Rs.), as of Dec 24, the value is 920.48. It has increased from 789.72 (Dec 23) to 920.48, marking an increase of 130.76.
For PBDIT / Share (Rs.), as of Dec 24, the value is 195.01. This value is within the healthy range. It has increased from 158.50 (Dec 23) to 195.01, marking an increase of 36.51.
For PBIT / Share (Rs.), as of Dec 24, the value is 172.42. This value is within the healthy range. It has increased from 140.80 (Dec 23) to 172.42, marking an increase of 31.62.
For PBT / Share (Rs.), as of Dec 24, the value is 171.84. This value is within the healthy range. It has increased from 140.59 (Dec 23) to 171.84, marking an increase of 31.25.
For Net Profit / Share (Rs.), as of Dec 24, the value is 130.31. This value is within the healthy range. It has increased from 104.90 (Dec 23) to 130.31, marking an increase of 25.41.
For PBDIT Margin (%), as of Dec 24, the value is 21.18. This value is within the healthy range. It has increased from 20.07 (Dec 23) to 21.18, marking an increase of 1.11.
For PBIT Margin (%), as of Dec 24, the value is 18.73. This value is within the healthy range. It has increased from 17.82 (Dec 23) to 18.73, marking an increase of 0.91.
For PBT Margin (%), as of Dec 24, the value is 18.66. This value is within the healthy range. It has increased from 17.80 (Dec 23) to 18.66, marking an increase of 0.86.
For Net Profit Margin (%), as of Dec 24, the value is 14.15. This value exceeds the healthy maximum of 10. It has increased from 13.28 (Dec 23) to 14.15, marking an increase of 0.87.
For Return on Networth / Equity (%), as of Dec 24, the value is 18.48. This value is within the healthy range. It has increased from 17.84 (Dec 23) to 18.48, marking an increase of 0.64.
For Return on Capital Employeed (%), as of Dec 24, the value is 23.79. This value is within the healthy range. It has increased from 23.22 (Dec 23) to 23.79, marking an increase of 0.57.
For Return On Assets (%), as of Dec 24, the value is 14.32. This value is within the healthy range. It has increased from 13.40 (Dec 23) to 14.32, marking an increase of 0.92.
For Asset Turnover Ratio (%), as of Dec 24, the value is 1.09. It has decreased from 1.10 (Dec 23) to 1.09, marking a decrease of 0.01.
For Current Ratio (X), as of Dec 24, the value is 3.12. This value exceeds the healthy maximum of 3. It has increased from 3.10 (Dec 23) to 3.12, marking an increase of 0.02.
For Quick Ratio (X), as of Dec 24, the value is 2.47. This value exceeds the healthy maximum of 2. It has increased from 2.38 (Dec 23) to 2.47, marking an increase of 0.09.
For Inventory Turnover Ratio (X), as of Dec 24, the value is 7.44. This value is within the healthy range. It has increased from 6.97 (Dec 23) to 7.44, marking an increase of 0.47.
For Dividend Payout Ratio (NP) (%), as of Dec 24, the value is 9.78. This value is below the healthy minimum of 20. It has increased from 7.86 (Dec 23) to 9.78, marking an increase of 1.92.
For Dividend Payout Ratio (CP) (%), as of Dec 24, the value is 8.33. This value is below the healthy minimum of 20. It has increased from 6.72 (Dec 23) to 8.33, marking an increase of 1.61.
For Earning Retention Ratio (%), as of Dec 24, the value is 90.22. This value exceeds the healthy maximum of 70. It has decreased from 92.14 (Dec 23) to 90.22, marking a decrease of 1.92.
For Cash Earning Retention Ratio (%), as of Dec 24, the value is 91.67. This value exceeds the healthy maximum of 70. It has decreased from 93.28 (Dec 23) to 91.67, marking a decrease of 1.61.
For Interest Coverage Ratio (X), as of Dec 24, the value is 335.48. This value is within the healthy range. It has decreased from 748.26 (Dec 23) to 335.48, marking a decrease of 412.78.
For Interest Coverage Ratio (Post Tax) (X), as of Dec 24, the value is 225.17. This value is within the healthy range. It has decreased from 496.21 (Dec 23) to 225.17, marking a decrease of 271.04.
For Enterprise Value (Cr.), as of Dec 24, the value is 8,763.00. It has increased from 6,817.43 (Dec 23) to 8,763.00, marking an increase of 1,945.57.
For EV / Net Operating Revenue (X), as of Dec 24, the value is 4.69. This value exceeds the healthy maximum of 3. It has increased from 4.25 (Dec 23) to 4.69, marking an increase of 0.44.
For EV / EBITDA (X), as of Dec 24, the value is 22.14. This value exceeds the healthy maximum of 15. It has increased from 21.19 (Dec 23) to 22.14, marking an increase of 0.95.
For MarketCap / Net Operating Revenue (X), as of Dec 24, the value is 4.95. This value exceeds the healthy maximum of 3. It has increased from 4.54 (Dec 23) to 4.95, marking an increase of 0.41.
For Retention Ratios (%), as of Dec 24, the value is 90.21. This value exceeds the healthy maximum of 70. It has decreased from 92.13 (Dec 23) to 90.21, marking a decrease of 1.92.
For Price / BV (X), as of Dec 24, the value is 6.46. This value exceeds the healthy maximum of 3. It has increased from 6.10 (Dec 23) to 6.46, marking an increase of 0.36.
For Price / Net Operating Revenue (X), as of Dec 24, the value is 4.95. This value exceeds the healthy maximum of 3. It has increased from 4.54 (Dec 23) to 4.95, marking an increase of 0.41.
For EarningsYield, as of Dec 24, the value is 0.02. This value is below the healthy minimum of 5. There is no change compared to the previous period (Dec 23) which recorded 0.02.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Vesuvius India Ltd as of March 9, 2026 is: ₹432.01

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of March 9, 2026, Vesuvius India Ltd is Overvalued by 13.42% compared to the current share price ₹499.00

Intrinsic Value of Vesuvius India Ltd as of March 9, 2026 is: ₹557.60

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of March 9, 2026, Vesuvius India Ltd is Undervalued by 11.74% compared to the current share price ₹499.00

Last 5 Year EPS CAGR: 29.07%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 20.50%, which is a positive sign. The company has higher reserves (875.25 cr) compared to borrowings (3.33 cr), indicating strong financial stability. The company has shown consistent growth in sales (484.38 cr) and profit (163.46 cr) over the years.	The stock has a high average Working Capital Days of 68.08, which may not be favorable. The stock has a high average Cash Conversion Cycle of 65.58, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Vesuvius India Ltd:
1. Net Profit Margin: 14.15%
  - 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: 23.79% (Industry Average ROCE: 17.45%)
  - 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. ROE%: 18.48% (Industry Average ROE: 13%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 225.17
  - 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.
5. Quick Ratio: 2.47
  - 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.
6. Stock P/E: 38.4 (Industry average Stock P/E: 30.15)
  - 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.
7. Total Debt / Equity: 0
  - 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 is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Vesuvius India Ltd. is a Public Limited Listed company incorporated on 06/09/1991 and has its registered office in the State of West Bengal, India. Company's Corporate Identification Number(CIN) is L26933WB1991PLC052968 and registration number is 052968. Currently Company is involved in the business activities of Manufacture of refractory products. Company's Total Operating Revenue is Rs. 2104.33 Cr. and Equity Capital is Rs. 20.30 Cr. for the Year ended 31/12/2025.

INDUSTRY	ADDRESS	CONTACT
Refractories	P-104, Taratala Road, Kolkata West Bengal 700088	Contact not found

Management
Name	Position Held
Mr. Biswadip Gupta	Chairperson
Mr. Mohinder Rajput	Managing Director
Mr. Sudipto Sarkar	Director
Mr. Pascal Genest	Director
Ms. Nayantara Palchoudhuri	Director
Mr. Patrick Andre	Director
Mr. Henry Knowles	Director
Mr. Nitin Jain	Director
Mr. Sunil Kumar Chaturvedi	Director

FAQ

What is the intrinsic value of Vesuvius India Ltd?

Vesuvius India Ltd's intrinsic value (as of 09 March 2026) is ₹557.60 which is 11.74% higher the current market price of ₹499.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's ₹10,132 Cr. market cap, FY2025-2026 high/low of ₹647/397, reserves of ₹1,644 Cr, and liabilities of ₹2,150 Cr.

What is the Market Cap of Vesuvius India Ltd?

The Market Cap of Vesuvius India Ltd is 10,132 Cr..

What is the current Stock Price of Vesuvius India Ltd as on 09 March 2026?

The current stock price of Vesuvius India Ltd as on 09 March 2026 is ₹499.

What is the High / Low of Vesuvius India Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Vesuvius India Ltd stocks is ₹647/397.

What is the Stock P/E of Vesuvius India Ltd?

The Stock P/E of Vesuvius India Ltd is 38.4.

What is the Book Value of Vesuvius India Ltd?

The Book Value of Vesuvius India Ltd is 82.0.

What is the Dividend Yield of Vesuvius India Ltd?

The Dividend Yield of Vesuvius India Ltd is 0.29 %.

What is the ROCE of Vesuvius India Ltd?

The ROCE of Vesuvius India Ltd is 22.9 %.

What is the ROE of Vesuvius India Ltd?

The ROE of Vesuvius India Ltd is 17.1 %.

What is the Face Value of Vesuvius India Ltd?

The Face Value of Vesuvius India Ltd is 1.00.