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Vesuvius India Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹430.31Overvalued by 13.94%vs CMP ₹500.00

P/E (43.6) × ROE (15.0%) × BV (₹82.00) × DY (0.30%)

Defaults: ROE=15%

₹238.77Overvalued by 52.25%vs CMP ₹500.00
MoS: -109.4% (Negative)Confidence: 66/100 (Moderate)Models: 1 Under, 9 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹555.4118%Under (+11.1%)
Graham NumberEarnings₹148.8016%Over (-70.2%)
Earnings PowerEarnings₹83.7611%Over (-83.2%)
DCFCash Flow₹294.2911%Over (-41.1%)
Net Asset ValueAssets₹81.997%Over (-83.6%)
EV/EBITDAEnterprise₹194.449%Over (-61.1%)
Dividend DiscountDividends₹385.009%Over (-23%)
Earnings YieldEarnings₹120.007%Over (-76%)
ROCE CapitalReturns₹57.057%Over (-88.6%)
Revenue MultipleRevenue₹92.105%Over (-81.6%)
Consensus (10 models)₹238.77100%Overvalued
Key Drivers: EPS CAGR 29.1% lifts DCF — verify sustainability. | Wide model spread (₹57–₹555) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 29.1% · Defaults: ROE=15%

*Investments are subject to market risks

Analyst Summary

Vesuvius India Ltd operates in the Refractories segment, NSE: VESUVIUS | BSE: 520113, current market price is ₹500.00, market cap is 10,147 Cr.. At a glance, stock P/E is 43.6, ROE is 15.0 %, ROCE is 21.3 %, book value is 82.0, dividend yield is 0.30 %. The latest intrinsic value estimate is ₹238.77, around 52.2% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹1,869 Cr versus the prior period change of 16.6%, while latest net profit is about ₹265 Cr with a prior-period change of 24.4%. The 52-week range shown on this page is 647/430, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisVesuvius 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 L2…

This summary is generated from the stock page data available for Vesuvius India Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

71
Vesuvius India Ltd scores 71/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health83/100 · Strong
ROCE 21.3% ExcellentROE 15.0% GoodD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money75/100 · Strong
FII holding up 0.30% (6mo) Slight increaseDII holding up 0.96% MF buyingPromoter holding at 55.6% Stable
Earnings Quality65/100 · Strong
OPM expanding (11% → 19%) Improving
Quarterly Momentum50/100 · Moderate
Revenue (4Q): +13% YoY GrowingProfit (4Q): 0% YoY Declining
Industry Rank85/100 · Strong
P/E 43.6 vs industry 32.8 In-lineROCE 21.3% vs industry 17.1% Above peersROE 15.0% vs industry 12.5% Above peers3Y sales CAGR: 21% High growth

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 26, 2026, 12:30 am

Market Cap 10,147 Cr.
Current Price 500
Intrinsic Value₹238.77
High / Low 647/430
Stock P/E43.6
Book Value 82.0
Dividend Yield0.30 %
ROCE21.3 %
ROE15.0 %
Face Value 1.00
PEG Ratio1.50

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

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 10,147 Cr. 500 647/43043.6 82.00.30 %21.3 %15.0 % 1.00
IFGL Refractories Ltd 1,297 Cr. 180 340/12042.5 1581.95 %5.71 %3.94 % 10.0
Morganite Crucible (India) Ltd 757 Cr. 1,353 1,964/1,15530.6 2423.62 %30.4 %21.4 % 5.00
Associated Ceramics Ltd 36.8 Cr. 180 264/14014.6 1270.00 %10.8 %9.55 % 10.0
Industry Average4,067.00 Cr553.2532.83152.251.47%17.05%12.47%6.50

All Competitor Stocks of Vesuvius India Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 348368405413417453462444509482524547551
Expenses 309313335331337358371365427399433455457
Operating Profit 40557082809592798283919294
OPM % 11%15%17%20%19%21%20%18%16%17%17%17%17%
Other Income 711887810237108734
Interest 0000000000000
Depreciation 9889111011121313151717
Profit before tax 375870817692909076808583109
Tax % 26%25%25%25%25%25%26%24%22%26%26%26%27%
Net Profit 28435260576967686059636280
EPS in Rs 1.362.142.572.972.813.393.323.372.952.923.103.033.95

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

Quarterly Chart

Profit & Loss - Annual Report

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

MetricDec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024TTM
Sales 6026527008229119258877921,0471,3431,6031,8692,062
Expenses 4895525746707457777667149471,1781,3141,5181,714
Operating Profit 11210112615216714812177100165289350349
OPM % 19%15%18%18%18%16%14%10%10%12%18%19%17%
Other Income 59101392329212023354833
Interest 1011111111241
Depreciation 18192327302827262730364657
Profit before tax 99901121361451421237292157285349323
Tax % 34%34%35%35%35%35%31%26%26%26%25%24%
Net Profit 655974899493865368117213265244
EPS in Rs 3.212.913.634.384.654.564.212.613.355.7510.4913.0312.00
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

MonthDec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Equity Capital 202020202020202020202020
Reserves 4194775626417177848228769771,1731,4111,644
Borrowings 000000000131314
Other Liabilities 139147161193188177216292333382402472
Total Liabilities 5786447438549259811,0581,1881,3311,5891,8472,150
Fixed Assets 132131124113121124120116194316434622
CWIP 2014163826282127388619652
Investments 000000000000
Other Assets 4264996037037798299171,0451,0981,1871,2171,476
Total Assets 5786447438549259811,0581,1881,3311,5891,8472,150

Reserves and Borrowings Chart

Cash Flow

MonthDec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Cash from Operating Activity + 65545019195741022712882258177
Cash from Investing Activity + -28-21212-310297-503-39-6-37-233-18
Cash from Financing Activity + -14-15-15-16-17-17-14-14-16-18-27-30
Net Cash Flow 231856177-231354-415-2610628-1130
Free Cash Flow 432329151704387-516-11716102
CFO/OP 98%75%68%149%99%93%158%54%108%52%93%78%

Free Cash Flow

MonthDec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Free Cash Flow112.00101.00126.00152.00167.00148.00121.0077.00100.00165.00276.00337.00

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

MonthDec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Debtor Days 1081051181198872777557577475
Inventory Days 65696877698477911249210587
Days Payable 838797981119889122130112118104
Cash Conversion Cycle 918790984658654452386058
Working Capital Days 8882911025958635155416562
ROCE %27%22%24%25%24%20%16%9%11%17%26%25%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 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 16,97517,28720,53121,47422,51725,28925,28928,95628,70134,16336,28134,319

Shareholding Pattern Chart

No. of Shareholders

Vesuvius India 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
Nippon India Multi Cap Fund 15,093,722 1.48 754.541,626,6022025-10-30 04:07:38827.93%
HDFC Mid Cap Fund 7,268,590 0.39 363.367,363,0202026-03-23 08:31:04-1.28%
Axis Small Cap Fund 6,902,100 1.33 345.04690,2962025-10-30 04:07:38899.88%
HDFC Small Cap Fund 3,935,770 0.53 196.75N/AN/AN/A
Nippon India Small Cap Fund 2,880,000 0.21 143.97288,0002025-11-02 18:14:38900%
HDFC Multi Cap Fund 2,400,000 0.61 119.98387,7732025-10-30 04:07:38518.92%
ICICI Prudential Multicap Fund 1,286,002 0.39 64.291,179,0962025-12-15 07:37:359.07%
ICICI Prudential Manufacturing Fund 1,098,060 0.83 54.89N/AN/AN/A
ICICI Prudential Infrastructure Fund 490,230 0.3 24.51333,9742026-02-23 00:22:0046.79%
HDFC Retirement Savings Fund - Hybrid Equity 300,000 0.88 15N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthDec 24Dec 23Dec 22Dec 21Dec 20
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 130.33104.9257.5433.5326.13
Diluted EPS (Rs.) 130.33104.9257.5433.5326.13
Cash EPS (Rs.) 152.89122.5972.2446.9939.06
Book Value[Excl.RevalReserv]/Share (Rs.) 704.92587.95491.52441.53414.68
Book Value[Incl.RevalReserv]/Share (Rs.) 704.92587.95491.52441.53414.68
Dividend / Share (Rs.) 14.5012.758.258.007.00
Revenue From Operations / Share (Rs.) 920.48789.72661.37515.84389.91
PBDIT / Share (Rs.) 195.01158.5091.9858.5748.17
PBIT / Share (Rs.) 172.42140.8077.2745.1035.25
PBT / Share (Rs.) 171.84140.5977.2745.1035.25
Net Profit / Share (Rs.) 130.31104.9057.5333.5226.13
PBDIT Margin (%) 21.1820.0713.9011.3512.35
PBIT Margin (%) 18.7317.8211.688.749.03
PBT Margin (%) 18.6617.8011.688.749.03
Net Profit Margin (%) 14.1513.288.696.496.70
Return on Networth / Equity (%) 18.4817.8411.707.596.30
Return on Capital Employeed (%) 23.7923.2215.339.958.28
Return On Assets (%) 14.3213.408.775.725.01
Asset Turnover Ratio (%) 1.091.101.070.930.77
Current Ratio (X) 3.123.103.343.654.46
Quick Ratio (X) 2.472.382.672.853.86
Inventory Turnover Ratio (X) 7.446.972.452.692.80
Dividend Payout Ratio (NP) (%) 9.787.8613.9020.8826.78
Dividend Payout Ratio (CP) (%) 8.336.7211.0714.8917.92
Earning Retention Ratio (%) 90.2292.1486.1079.1273.22
Cash Earning Retention Ratio (%) 91.6793.2888.9385.1182.08
Interest Coverage Ratio (X) 335.48748.260.000.000.00
Interest Coverage Ratio (Post Tax) (X) 225.17496.210.000.000.00
Enterprise Value (Cr.) 8763.006817.432711.201644.131658.00
EV / Net Operating Revenue (X) 4.694.252.021.572.09
EV / EBITDA (X) 22.1421.1914.5213.8316.95
MarketCap / Net Operating Revenue (X) 4.954.542.442.102.80
Retention Ratios (%) 90.2192.1386.0979.1173.21
Price / BV (X) 6.466.103.292.452.63
Price / Net Operating Revenue (X) 4.954.542.442.102.80
EarningsYield 0.020.020.030.030.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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.
INDUSTRYADDRESSCONTACT
RefractoriesP-104, Taratala Road, Kolkata West Bengal 700088Contact not found
Management
NamePosition Held
Mr. Biswadip GuptaChairperson
Mr. Mohinder RajputManaging Director
Mr. Sudipto SarkarDirector
Mr. Pascal GenestDirector
Ms. Nayantara PalchoudhuriDirector
Mr. Patrick AndreDirector
Mr. Henry KnowlesDirector
Mr. Nitin JainDirector
Mr. Sunil Kumar ChaturvediDirector

FAQ

What is the intrinsic value of Vesuvius India Ltd and is it undervalued?

As of 28 April 2026, Vesuvius India Ltd's intrinsic value is ₹238.77, which is 52.25% lower than the current market price of ₹500.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (15.0 %), book value (₹82.0), dividend yield (0.30 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Vesuvius India Ltd?

Vesuvius India Ltd is trading at ₹500.00 as of 28 April 2026, with a FY2026-2027 high of ₹647 and low of ₹430. The stock is currently in the middle of its 52-week range. Market cap stands at ₹10,147 Cr..

How does Vesuvius India Ltd's P/E ratio compare to its industry?

Vesuvius India Ltd has a P/E ratio of 43.6, which is above the industry average of 32.83. The premium over industry average may reflect growth expectations or speculative interest.

Is Vesuvius India Ltd financially healthy?

Key indicators for Vesuvius India Ltd: ROCE of 21.3 % indicates efficient capital utilization. Dividend yield is 0.30 %.

Is Vesuvius India Ltd profitable and how is the profit trend?

Vesuvius India Ltd reported a net profit of ₹265 Cr in Dec 2024 on revenue of ₹1,869 Cr. Compared to ₹68 Cr in Dec 2021, the net profit shows an improving trend.

Does Vesuvius India Ltd pay dividends?

Vesuvius India Ltd has a dividend yield of 0.30 % at the current price of ₹500.00. The company pays dividends, though the yield is modest.

Last Updated: April 26, 2026, 12:30 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 520113 | NSE: VESUVIUS
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 Vesuvius India 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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