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Veedol Corp. Ltd

Veedol Corp. Ltd

TIDEWATER.BO
Veedol Corp. LtdIN flagBombay Stock Exchange
1,478.80
INR
-24.15
- -
25.13BMarket Cap
Veedol Corp. Ltd
TIDEWATER.BO
(Bombay Stock Exchange)

Recent

price

1,478.80

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
324.1
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
1,157.61
1,230.16
Revenue per Share
33.17
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
114.08
Basic EPS, GAAP
-3.58
-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
- -
Free Cash Flow per Basic Share
1.76
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
- -
Dividend per Share
0.5
0.5
0.5
149.81
171.68
241.44
262.2
316.98
338.15
329.89
354.46
386.89
377.91
402.55
437.57
484.95
- -
Book Value per Share
116.87
150.05
146.86
164.38
189.51
283.61
306.86
289.48
311.54
305.4
329.42
362.17
352.34
378.54
415.45
461.76
- -
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
5,647
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
19,674
20,904
Sales/Revenue/Turnover
15.96
-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
8.64
9.74
Operating Margin (%)
62
97
93
92
95
111
74
89
93
105
125
141
155
155
152
285
328
Depreciation Expense
578
642
579
629
648
1,586
864
1,083
1,068
970
1,221
1,413
1,229
1,146
1,429
1,688
1,939
Net Income, GAAP
35.31
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
20.29
Effective Tax Rate (%)
10.23
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
8.58
9.27
Profit Margin (%)
1,278
1,905
1,814
2,353
2,846
3,641
3,853
3,509
3,690
3,603
3,788
4,306
4,254
4,610
4,979
5,428
- -
Working Capital
- -
128
144
- -
- -
- -
- -
- -
- -
12
22
6
2
- -
8
142
- -
LT Debt
2,036
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
9,140
- -
Total Equity
32.6
-2.24
17.25
16.9
14.43
10.53
10.97
13.89
13.12
11.81
13.71
15.87
13.87
13.18
14.81
15.87
- -
Return on Invested Capital (%)
2,465.71
887.51
384.34
44.58
22.62
42.35
18.78
20.96
18.34
16.2
19.96
21.71
18.63
17.21
20.13
21.59
704.84
Return on Capital (%)
6,642.53
7,374.71
6,657.47
48.04
23.14
44.05
19.7
21.75
19.19
17.08
20.99
22.43
18.91
17.28
20.02
21.53
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'26
Sep'26
Dec'26
ST Debt
- -
77
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
132
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
17
- -
Market Capitalization
- -
- -
- -

Working Capital

FRC

•

in mil. unless spec.
Jun'26
Sep'26
Dec'26
Total Current Assets
- -
8,688
- -
Cash, Cash Equivalents & STI
- -
1,809
- -
Accounts Receivable, Net
- -
2,832
- -
Inventories
- -
3,416
- -
Total Current Liabilities
- -
2,871
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
77
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.35%
6.17%
10.46%
Free Cash Flow
-13.7%
-13.33%
-111.42%
Net Income, GAAP
3.39%
7.76%
18.06%
Sales/Revenue/Turnover
7.07%
8.9%
1.97%
Total Cash Common Dividend
17.06%
14.28%
10.64%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4,737
4,742
4,964
4,849
19,293
2025
4,789
4,762
4,824
5,298
19,674
2026
5,136
5,092
5,377
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
18.36
20.74
19.77
- -
84.1
2025
21.84
20.36
21.97
- -
99.29
2026
29.23
24.09
25.63
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
48.19
2025
- -
- -
- -
- -
53.31
2026
- -
- -
- -
- -
- -
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Business
Veedol Corporation Limited Veedol Corporation Limited (TIDEWATER.BO), formerly Tide Water Oil Co. (India) Ltd., manufactures and markets lubricants under the Veedol brand for automotive, industrial, and specialty applications; its automotive lubricants portfolio includes high-performance engine oils for two-wheelers, passenger cars, heavy commercial vehicles, off-highway vehicles, buses, and tractors, alongside gear oils, transmission oils, greases, EV fluids, OEM oils, coolants, and brake fluids; industrial lubricants encompass hydraulic, circulation, spindle, turbine, heavy-duty hydraulic, compressor, refrigeration compressor, steam cylinder, industrial gear, slideway, mill roll, pneumatic tool, and transmission oils, thermic and automotive fluids, lithium soap and complex greases, specialty, graphite, calcium soap, and high-temperature greases, as well as cardium compounds, industrial-specialty range, and coolants; vehicle care products feature additives, appearance enhancers, cleaners, degreasers, lubricants, and rust penetrants such as Gunk and Liquid Wrench brands. The company operates five ISO-accredited manufacturing plants and numerous depots across India, supported by two in-house R&D centers in Navi Mumbai and near Chennai recognized by the Department of Scientific and Industrial Research, Government of India; its extensive distribution network includes over 500 direct distributors and dealers servicing more than 50,000 retail outlets and workshops, with regional offices in New Delhi, Mumbai, and Chennai, and a registered headquarters in Kolkata, India, where it was founded in 1928. Veedol Corporation Limited conducts business in over 70 countries across Europe, the Americas, the Middle East, Africa, Asia Pacific, and South Asia, including a wind energy segment; it maintains a 50:50 joint venture with Eneos Corporation through ENEOS Tide Water Lubricants India Private Limited for sales and marketing of ENEOS lubricants, subsidiaries such as Veedol International Limited (UK), Veedol International Americas Inc., and Veedol UK Limited, and supplies co-branded oils to OEMs like Honda, Hero MotoCorp, Kubota, Yamaha, and Kobelco. Recent developments include the name change from Tide Water Oil Co. (India) Ltd. to Veedol Corporation Limited in September 2024, adoption of a new contemporary logo in 2025, renewal of its partnership as official sponsor with Kolkata Knight Riders for IPL in 2025, signing Sourav Ganguly as brand ambassador in 2024, and a 2021 tie-up with Blumenthal Brands Integrated (BBI) USA to launch Gunk and Liquid Wrench car care brands in India.