Analysis summary
Data coverage: Price-data record updated 25 September 2026, 7:08 am +05:30. Annual results through Dec 2024; quarterly results through Dec 2025; cash flow through Dec 2025. Each section can have a different reporting period. The share price is not live.
Valuation in context
Vesuvius India Ltd: the stored intrinsic value estimate is ₹214.41, compared with a stored share price of ₹392.00. The model value is 45.3% below that quote. The model classifies this as overvalued; it is an estimate dependent on the inputs and assumptions, not a price target or a buy/sell recommendation.
Operating performance
Revenue for Dec 2024 was ₹1,869.00 Cr, versus ₹1,603.00 Cr in Dec 2023 (16.6% year on year). Net profit for Dec 2024 was ₹265.00 Cr, versus ₹213.00 Cr in Dec 2023 (24.4% year on year). These are the latest annual periods stored on this page; check the quarterly table separately for more recent developments.
Cash generation
For the same Dec 2024 period, operating cash flow was ₹258.00 Cr against net profit of ₹265.00 Cr. Cash flow covered 0.97 times reported profit. Cash generation supports the reported profit for this period; check whether this continues over several years.
Balance-sheet check
Reported borrowings were ₹14.00 Cr in Dec 2025. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.
How to use the valuation and peer comparisons
The Intrinsic Value panel combines the available model estimates using the displayed weights. Earnings, cash-flow, dividend and asset-based methods can give very different answers. The displayed 12% cost of equity and 4% terminal growth assumptions apply where relevant; historical EPS growth is not a promise of future growth. Use the individual values and their spread to judge sensitivity.
The peer group follows the stored industry classification and may include different business models. Compare reporting periods, leverage and recurring earnings before interpreting a valuation gap. For banks and other financial businesses, capital adequacy and asset quality can be more informative than industrial-company cash-flow ratios.
Sources: Company data source. Check the company filings linked by the source for the reporting basis and exceptional items.
Automatically generated interpretation of the stored financial data, not a separately researched analyst opinion. Missing data is not evidence of poor performance. New filings become available here after the existing data refresh process captures them.
Investment Snapshot
Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores use stored reporting periods and are screening indicators, not investment recommendations. Missing health ratios are excluded. Broad industry groups and financial-sector accounting can limit comparability.
Share Price and Basic Stock Data
Last Updated: September 25, 2026, 7:08 am
| PEG Ratio | 1.07 |
|---|
Understand these figures: how to read the P/E ratio, ROE versus earnings per share, and calculate intrinsic value.
Competitors
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Vesuvius India Ltd | 7,953 Cr. | 392 | 608/391 | 31.0 | 86.2 | 0.38 % | 21.3 % | 15.0 % | 1.00 |
| IFGL Refractories Ltd | 1,400 Cr. | 194 | 340/120 | 32.7 | 163 | 1.11 % | 4.92 % | 3.22 % | 10.0 |
| Morganite Crucible (India) Ltd | 1,098 Cr. | 1,960 | 2,115/1,155 | 27.9 | 250 | 0.64 % | 33.2 % | 21.8 % | 5.00 |
| Associated Ceramics Ltd | 32.7 Cr. | 160 | 244/140 | 18.7 | 126 | 0.00 % | 9.83 % | 8.44 % | 10.0 |
| Industry Average | 3,483.67 Cr | 676.50 | 27.58 | 156.30 | 0.53% | 17.31% | 12.12% | 6.50 |
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
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% |
Growth
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 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Free Cash Flow
Free cash flow is not available in the stored cash-flow statement. Missing values are not treated as zero.
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% |
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 | 1.49 | 783.52 | 1,626,602 | 2025-10-30 04:07:38 | 827.93% |
| Axis Small Cap Fund | 6,902,100 | 1.31 | 358.29 | 690,296 | 2025-10-30 04:07:38 | 899.88% |
| Nippon India Small Cap Fund | 2,880,000 | 0.21 | 149.5 | 288,000 | 2025-11-02 18:14:38 | 900% |
| ICICI Prudential Multicap Fund | 1,286,002 | 0.39 | 66.76 | 1,179,096 | 2025-12-15 07:37:35 | 9.07% |
| ICICI Prudential Manufacturing Fund | 1,098,060 | 0.86 | 57 | N/A | N/A | N/A |
| ICICI Prudential Infrastructure Fund | 490,230 | 0.31 | 25.45 | 333,974 | 2026-02-23 00:22:00 | 46.79% |
| ICICI Prudential Childrens Fund | 140,000 | 0.51 | 7.27 | 320,000 | 2026-03-23 08:31:04 | -56.25% |
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 |
Frequently asked questions
What is the intrinsic value of Vesuvius India Ltd and is it undervalued?
Vesuvius India Ltd: the stored intrinsic value estimate is ₹214.41, compared with a stored share price of ₹392.00. The model value is 45.3% below that quote. The model classifies this as overvalued; it is an estimate dependent on the inputs and assumptions, not a price target or a buy/sell recommendation. The estimate uses the available valuation models and weights shown in the Intrinsic Value panel, including earnings, cash-flow and asset-based approaches where data permits. It is not a P/E-only calculation.
What share price and 52-week range are shown for Vesuvius India Ltd?
The stored share price is ₹392.00. Price-data record updated: 25 September 2026, 7:08 am +05:30. This is not a live quote. The stored 52-week high / low is 608/391; this is a rolling range, not a financial-year range.
How have Vesuvius India Ltd's revenue and profit changed?
Revenue for Dec 2024 was ₹1,869.00 Cr, versus ₹1,603.00 Cr in Dec 2023 (16.6% year on year). Net profit for Dec 2024 was ₹265.00 Cr, versus ₹213.00 Cr in Dec 2023 (24.4% year on year). These are the latest annual periods stored on this page; check the quarterly table separately for more recent developments.
Does Vesuvius India Ltd's profit convert into cash?
For the same Dec 2024 period, operating cash flow was ₹258.00 Cr against net profit of ₹265.00 Cr. Cash flow covered 0.97 times reported profit. Cash generation supports the reported profit for this period; check whether this continues over several years.
What should I check in Vesuvius India Ltd's balance sheet?
Reported borrowings were ₹14.00 Cr in Dec 2025. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.
How should I compare Vesuvius India Ltd's P/E with other stocks?
The stored P/E is 31.00. Compare companies with similar business models, growth, leverage and accounting periods. The industry group on this page is broad, and its average can be affected by outliers. A lower P/E alone does not establish undervaluation.
What could change Vesuvius India Ltd's intrinsic value estimate?
Changes in sustainable earnings, cash generation, capital needs, debt and share count can change the estimate. The displayed model uses a 12% cost of equity and 4% terminal growth assumption where applicable. Higher discount rates or weaker growth generally reduce discounted values. Compare the individual model values and weights, and verify fresh filings before relying on the result.