Veedol Corporation Ltd
VEEDOLVeedol Corporation Ltd
VEEDOL
Price Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 21.82 | 3.91 | 2.80% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 31.17 | 3.55 | 1.31% |
Forecast & Ratings
Detailed Forecast Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Veedol Corporation Ltd manufactures and markets lubricants, including engine oils and industrial lubricants, across over 70 countries, catering to automotive and industrial applications.
Peers
Compare with peersSolar Industries India Ltd
Linde India Ltd
Deepak Nitrite Ltd
Himadri Speciality Chemical Ltd
Sumitomo Chemical India Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
Hmm, looks like data is unavailable here. Please come back after some timeRevenue Forecast
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Hmm, looks like data is unavailable here. Please come back after some timeIncome
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 997.70 | 1,164.89 | 1,307.13 | 1,408.70 | 1,354.76 | 1,296.36 | 1,565.63 | 1,875.74 | 1,966.43 | 1,982.02 | ||||||||||
Raw Materials | 559.89 | 656.59 | 742.44 | 820.66 | 736.03 | 712.51 | 992.04 | 1,237.64 | 1,210.58 | 1,761.96 | ||||||||||
| Power & Fuel Cost | 2.85 | 3.27 | 3.44 | 3.73 | 3.26 | 3.83 | 3.96 | 4.70 | 5.51 | |||||||||||
| Employee Cost | 64.31 | 78.35 | 95.52 | 98.19 | 104.84 | 104.64 | 111.60 | 121.58 | 139.74 | |||||||||||
| Selling & Administrative Expenses | 196.62 | 242.40 | 260.82 | 296.24 | 313.59 | 255.73 | 263.74 | 308.73 | 350.33 | |||||||||||
| Operating & Other expenses | 36.74 | 13.46 | 33.62 | 27.62 | 20.81 | 17.69 | 17.11 | 38.98 | 56.08 | |||||||||||
EBITDA | 137.29 | 170.82 | 171.29 | 162.26 | 176.23 | 201.96 | 177.18 | 164.11 | 204.19 | 220.06 | ||||||||||
| Depreciation/Amortization | 7.39 | 8.91 | 9.33 | 10.46 | 12.49 | 14.12 | 15.47 | 15.46 | 15.23 | 21.05 | ||||||||||
| PBIT | 129.90 | 161.91 | 161.96 | 151.80 | 163.74 | 187.84 | 161.71 | 148.65 | 188.96 | 199.01 | ||||||||||
| Interest & Other Items | 1.07 | 2.98 | 2.61 | 2.45 | 2.36 | 2.41 | 1.60 | 1.49 | 1.79 | 2.99 | ||||||||||
| PBT | 128.83 | 158.93 | 159.35 | 149.35 | 161.38 | 185.43 | 160.11 | 147.16 | 187.17 | 196.02 | ||||||||||
| Taxes & Other Items | 42.39 | 50.66 | 52.51 | 52.38 | 39.32 | 44.10 | 37.20 | 32.58 | 44.24 | 47.81 | ||||||||||
| Net Income | 86.44 | 108.27 | 106.84 | 96.97 | 122.06 | 141.33 | 122.91 | 114.58 | 142.93 | 148.21 | ||||||||||
| EPS | 49.61 | 62.14 | 61.32 | 55.65 | 70.05 | 81.11 | 70.54 | 65.76 | 82.03 | 85.06 | ||||||||||
| DPS | 25.00 | 30.00 | 35.00 | 47.00 | 50.00 | 60.00 | 55.00 | 42.00 | 52.00 | 52.00 | ||||||||||
| Payout ratio | 0.50 | 0.48 | 0.57 | 0.84 | 0.71 | 0.74 | 0.78 | 0.64 | 0.63 | 0.61 |
Company Updates
Annual report
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PDFAnnual report
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PDFAnnual report
PDFPeers & Comparison
MaterialsCommodity Chemicals
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Veedol Corporation Ltd | 22.63 | 3.91 | 2.80% |
| Solar Industries India Ltd | 116.83 | 28.50 | 0.08% |
| Linde India Ltd | 132.33 | 16.56 | 0.18% |
| Deepak Nitrite Ltd | 45.91 | 7.72 | 0.27% |
Price Comparison
Compare VEEDOL with any stock or ETFShareholdings
Promoter Holdings Trend
Increased Total Promoter Holding
In last 6 months, promoter holding in the company has increased by 2.01%
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Veedol Corporation Ltd
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
Motilal Oswal Nifty Microcap 250 Index Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0795% | Percentage of the fund’s portfolio invested in the stock 0.14% | Change in the portfolio weight of the stock over the last 3 months -0.07% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 140/309 (-5) |
Samco Multi Cap Fund - Direct Plan - Growth Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0539% | Percentage of the fund’s portfolio invested in the stock 0.49% | Change in the portfolio weight of the stock over the last 3 months 0.49% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 97/102 (+4) |
Groww Nifty Total Market Index Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0004% | Percentage of the fund’s portfolio invested in the stock 0.01% | Change in the portfolio weight of the stock over the last 3 months -0.00% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 338/799 (-70) |
Compare 3-month MF holding change on Screener
Hmm, looks like there hasn't been any net deal activity in the last 6 monthssmallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No Trend In Dividends
VEEDOL has shown inconsistent dividend trend over the last 5 years
Dividend Yield
Current dividend yield is 2.80%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹28.01 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateNov 22, 2024
Dividend/Share
₹20.00
Ex DateEx Date
Nov 22, 2024
Cash Dividend
Ex DateEx DateJul 4, 2024
Dividend/Share
₹20.00
Ex DateEx Date
Jul 4, 2024
Cash Dividend
Ex DateEx DateFeb 22, 2024
Dividend/Share
₹12.00
Ex DateEx Date
Feb 22, 2024
Cash Dividend
Ex DateEx DateNov 21, 2023
Dividend/Share
₹20.00
Ex DateEx Date
Nov 21, 2023
Cash Dividend
Ex DateEx DateJul 4, 2023
Dividend/Share
₹15.00
Ex DateEx Date
Jul 4, 2023
Veedol Corporation announced that the Board of Directors of the Company at its meeting held on 12 November 2024, inter alia, have recommended the first interim dividend of Rs 20 per equity Share (i.e. 1000%) , subject to the approval of the shareholders.Powered by Capital Market - Live
Veedol Corporation will hold a meeting of the Board of Directors of the Company on 12 November 2024Powered by Capital Market - Live
Tide Water Oil Co (I) has been renamed Veedol Corporation with effect from 20 September 2024. Powered by Capital Market - Live
Net profit of Tide Water Oil Co (I) rose 18.98% to Rs 37.11 crore in the quarter ended June 2024 as against Rs 31.19 crore during the previous quarter ended June 2023. Sales rose 1.08% to Rs 478.87 crore in the quarter ended June 2024 as against Rs 473.74 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales478.87473.74 1 OPM %8.658.13 - PBDT54.9945.77 20 PBT49.8841.98 19 NP37.1131.19 19 Powered by Capital Market - Live
Tide Water Oil Company India will hold a meeting of the Board of Directors of the Company on 13 August 2024.Powered by Capital Market - Live
Tide Water Oil Co has decided to change in name of the company to Veedol Corporation. Powered by Capital Market - Live
Tide Water Oil Co. appoints Sourav Ganguly as brand ambassador of Veedol
Tide Water Oil Standalone March 2023 Net Sales at Rs 388.68 crore, up 7.71% Y-o-Y
Tide Water Oil intimates of fire accident at premises of contract manufacturer
Tide Water Oil Consolidated September 2021 Net Sales At Rs 394.06 Crore, Up 20.7% Y-o-Y
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 6.9%, vs industry avg of 9.38%
Decreasing Market Share
Over the last 5 years, market share decreased from 1.94% to 1.69%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 8.07%, vs industry avg of 4.33%