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    Oil refining/Marketing
Veedol Corp. Ltd

Veedol Corp. Ltd

1,262.70
INR
-37.90
(-2.91%)
129.38EPS
11.11P/E
24.43BMarket Cap
Veedol Corp. Ltd
BSE:VEEDOL
(Bombay Stock Exchange)

Recent

price

1,262.70

P/E

ratio

11.11

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
396.9
458.76
516.84
558.16
595.29
558.79
663.78
747.94
809
773.61
739.42
902.67
1,089.63
1,135.21
1,154.29
1,268.38
1,331.36
Revenue per Share
36.82
33.24
36.11
37.19
91
49.61
63.71
62.87
57.06
71.82
83.16
72.32
67.42
84.1
99.29
112.75
129.38
Basic EPS, GAAP
-0.54
12.22
11.94
11.99
12.5
62.96
-22.17
55.59
46.63
59.29
29.99
49.92
51.8
64.2
-7.33
93.68
- -
Free Cash Flow per Basic Share
2.9
3.45
6.94
8.75
17.69
24.02
34.03
35.88
53.32
37.93
49.21
82.02
43.06
48.19
53.31
59.47
- -
Dividend per Share
150.12
176.31
193.82
219.17
313.81
336.52
351.91
373.24
367.29
390.62
422.73
413.13
438.71
486.91
537.84
609.37
- -
Book Value per Share
150.05
146.86
164.38
189.51
283.61
306.86
282.35
303.86
297.88
321.3
353.25
343.66
369.22
415.45
461.76
534.42
- -
Tangible Book Value per Share
17
17
17
17
17
17
17
17
17
17
17
17
17
17
17
17
17
Basic Weighted Avg Shares
6,916
7,994
9,005
9,725
10,372
9,736
11,281
12,711
13,749
13,147
12,566
15,341
18,518
19,293
19,617
21,556
22,625
Sales/Revenue/Turnover
-1.14
9.46
9.36
8.55
7.13
10.95
11.35
10.22
8.95
9.6
12.16
8.79
7.05
8.34
8.75
8.96
10.21
Operating Margin (%)
97
93
92
95
111
74
89
93
105
125
141
155
155
152
285
342
344
Depreciation Expense
642
579
629
648
1,586
864
1,083
1,068
970
1,221
1,413
1,229
1,146
1,429
1,688
1,916
2,199
Net Income, GAAP
32.08
31.88
33.2
36.34
31.69
38.96
31.88
32.95
34.54
24.51
23.78
23.23
22.14
23.64
16.3
19.63
20.48
Effective Tax Rate (%)
9.28
7.25
6.99
6.66
15.29
8.88
9.6
8.41
7.05
9.28
11.25
8.01
6.19
7.41
8.6
8.89
9.72
Profit Margin (%)
1,905
1,814
2,353
2,846
3,641
3,853
3,509
3,690
3,603
3,788
4,306
4,254
4,611
4,979
5,428
6,266
- -
Working Capital
129
144
- -
- -
- -
- -
- -
- -
12
22
6
2
- -
9
142
107
- -
LT Debt
2,616
3,072
3,377
3,819
5,468
5,864
6,132
6,503
6,400
6,806
7,366
7,198
7,644
8,275
9,141
10,356
- -
Total Equity
-2.24
17.99
17.77
15.28
32.66
14.51
13.84
13.11
11.81
13.7
15.8
13.85
13.12
14.6
15.29
15.74
- -
Return on Invested Capital (%)
27.09
19.64
18.94
17.71
33.13
14.72
17.55
16.28
14.37
17.71
19.39
16.67
15.4
18.06
19.46
19.48
- -
Return on Capital (%)
27.58
20.37
19.51
18.01
34.15
15.26
18.05
16.91
15.03
18.49
19.95
16.88
15.44
17.96
19.38
19.66
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
52
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
107
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
17
17
17
Market Capitalization
27,785
21,090
24,434

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
9,474
- -
Cash, Cash Equivalents & STI
- -
2,253
- -
Accounts Receivable, Net
- -
3,453
- -
Inventories
- -
3,247
- -
Total Current Liabilities
- -
3,207
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
52
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.95%
7.19%
13.3%
Free Cash Flow
-191.84%
-278.98%
-1,377.69%
Net Income, GAAP
9.29%
7.31%
13.55%
Sales/Revenue/Turnover
8.64%
11.71%
9.88%
Total Cash Common Dividend
14.63%
10.65%
11.55%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
4,789
4,762
4,824
5,322
19,617
2026
5,143
5,092
5,377
6,070
21,556
2027
6,086
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
21.84
20.36
21.97
35.12
99.29
2026
29.23
24.09
25.63
33.81
112.75
2027
45.85
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
53.31
2026
- -
- -
- -
- -
59.47
2027
- -
- -
- -
- -
- -
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Business
Veedol Corporation Limited Veedol Corporation Limited (VEEDOL.NS), formerly Tide Water Oil Co. (India) Ltd., manufactures and markets lubricants under the Veedol brand for automotive and industrial applications across more than 70 countries. The company offers high-performance engine oils for passenger cars, two/three-wheelers, heavy commercial vehicles, off-highway vehicles, buses and tractors; gear oils, transmission oils, coolants, brake fluids and greases for automotive uses; and a broad range of industrial and specialty lubricants including general purpose machinery, spindle, turbine, hydraulic, circulation, heavy duty hydraulic, steam cylinder, industrial gear, cutting, non-drip and mill roll oils. Founded in 1922 and headquartered in Kolkata, India, with regional offices in New Delhi, Mumbai and Chennai, it operates five ISO-accredited manufacturing plants in Howrah, Royapuram, Turbhe, Silvassa and Faridabad, supported by over 55 depots, more than 500 direct distributors serving 50,000 retail outlets and workshops, and two DSIR-recognized R&D centers in Navi Mumbai and near Chennai. Veedol Corporation Limited maintains a 50:50 joint venture with Eneos Corporation through ENEOS Tide Water Lubricants India Private Limited for ENEOS brand sales and marketing, working with OEMs such as Honda Motors & Scooters, Honda Cars, Hero MotoCorp, Kubota, Yamaha and Kobelco; it owns Veedol International Limited in the UK following a 2011 acquisition from BP plc and Granville Oil & Chemicals Ltd. via a 2016 purchase of Price Thomas Associates. In September 2025, the company approved joint promoter Standard Greases & Specialities Private Limited to acquire 871,200 equity shares between September 15 and 19, increasing its stake from 6,335,099 shares, in compliance with SEBI regulations; it also appointed Abhijit Tikekar as Company Secretary and Compliance Officer effective November 2025.